Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 20, 2023.

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

CSX Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Non-controlling minority interest (per books)
Total equity
Add: Current maturities of long-term debt (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2022-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

CSX Corp., EV calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Non-controlling minority interest (book value)
Total equity
Add: Current maturities of long-term debt (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of CSX Corp. Annual Report.

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


The financial data over the five-year period reveals several key trends related to the equity, debt, and enterprise value of the company.

Common Equity (Market Value)
The market value of common equity increased steadily from US$55,544 million in 2018 to a peak of US$77,142 million in 2021. However, there was a notable decline in 2022, dropping to US$65,323 million. This suggests a period of growth followed by a contraction in market valuation.
Total Equity
Total equity closely mirrors the trend in common equity, rising from US$55,561 million in 2018 to US$77,152 million in 2021, then decreasing to US$65,333 million in 2022. The parallel movement indicates consistency between market valuation and book equity values over this period.
Total Equity and Debt
The combined total of equity and debt showed an overall upward trend from US$70,318 million in 2018 to US$93,518 million in 2021. In 2022, there was a decline to US$83,380 million. This pattern indicates increasing capital structure size until 2021, with a subsequent reduction that might be related to debt repayment, equity reduction, or asset divestitures.
Enterprise Value (EV)
Enterprise value also rose consistently from US$69,207 million in 2018 to US$91,202 million in 2021 before dropping to US$81,293 million in 2022. The EV trend parallels the changes in total capital structure and market capitalization, reflecting market perceptions of company value and changes in capital deployment.

Overall, the data suggests a growth phase through 2021 characterized by increasing equity, debt, and enterprise value, followed by a period of decline in 2022 across all key financial measures. This may be indicative of market adjustments, operational challenges, or strategic changes impacting the company's valuation and capital structure.