Abiomed Inc., current enterprise value calculation

Current share price (P)	$373.63
No. shares of common stock outstanding	45,091,184
US$ in thousands
Common equity (market value)¹	16,847,419)
Add: Class B Preferred Stock, $.01 par value; none issued and outstanding (per books)	—)
Total equity	16,847,419)
Add: Current portion of capital lease obligation (per books)	—)
Add: Capital lease obligation, net of current portion (per books)	—)
Total equity and debt	16,847,419)
Less: Cash and cash equivalents	132,818)
Less: Short-term marketable securities	625,789)
Enterprise value (EV)	16,088,812)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 373.63 × 45,091,184

Abiomed Inc., EV calculation

	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018	Mar 31, 2017
Share price^1, 2	$235.75	$280.00	$196.32	$262.64	$394.46	$135.88
No. shares of common stock outstanding¹	45,563,937	45,295,979	44,956,959	45,124,729	44,477,837	43,819,330
US$ in thousands
Common equity (market value)³	10,741,698)	12,682,874)	8,825,950)	11,851,559)	17,544,728)	5,954,171)
Add: Class B Preferred Stock, $.01 par value; none issued and outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	10,741,698)	12,682,874)	8,825,950)	11,851,559)	17,544,728)	5,954,171)
Add: Current portion of capital lease obligation (book value)	—)	—)	—)	—)	—)	799)
Add: Capital lease obligation, net of current portion (book value)	—)	—)	—)	—)	—)	15,539)
Total equity and debt	10,741,698)	12,682,874)	8,825,950)	11,851,559)	17,544,728)	5,970,509)
Less: Cash and cash equivalents	132,818)	232,710)	192,341)	121,021)	42,975)	39,040)
Less: Short-term marketable securities	625,789)	350,985)	250,775)	370,677)	319,274)	190,908)
Enterprise value (EV)	9,983,091)	12,099,179)	8,382,834)	11,359,861)	17,182,479)	5,740,561)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Abiomed Inc. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 235.75 × 45,563,937

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Abiomed Inc. EV increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

Abiomed Inc. (NASDAQ:ABMD)

Enterprise Value (EV)