Albemarle Corp., current enterprise value calculation

Current share price (P)	$172.91
No. shares of common stock outstanding	117,336,441
US$ in thousands
Common equity (market value)¹	20,288,644)
Add: Noncontrolling interests (per books)	208,220)
Total equity	20,496,864)
Add: Current portion of long-term debt (per books)	2,128)
Add: Long-term debt, excluding current portion (per books)	3,214,972)
Total equity and debt	23,713,964)
Less: Cash and cash equivalents	1,499,142)
Enterprise value (EV)	22,214,822)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 172.91 × 117,336,441

Albemarle Corp., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$272.79	$191.85	$156.17	$85.65	$92.28
No. shares of common stock outstanding¹	117,197,977	117,036,615	116,632,439	106,206,157	105,753,864
US$ in thousands
Common equity (market value)³	31,970,436)	22,453,475)	18,214,488)	9,096,557)	9,758,967)
Add: Noncontrolling interests (book value)	208,220)	180,341)	200,367)	161,330)	173,787)
Total equity	32,178,656)	22,633,816)	18,414,855)	9,257,887)	9,932,754)
Add: Current portion of long-term debt (book value)	2,128)	389,920)	804,677)	187,336)	307,294)
Add: Long-term debt, excluding current portion (book value)	3,214,972)	2,004,319)	2,767,381)	2,862,921)	1,397,916)
Total equity and debt	35,395,756)	25,028,055)	21,986,913)	12,308,144)	11,637,964)
Less: Cash and cash equivalents	1,499,142)	439,272)	746,724)	613,110)	555,320)
Enterprise value (EV)	33,896,614)	24,588,783)	21,240,189)	11,695,034)	11,082,644)

¹ Data adjusted for splits and stock dividends.

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

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 272.79 × 117,197,977

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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.	Albemarle Corp. EV increased from 2020 to 2021 and from 2021 to 2022.

Albemarle Corp. (NYSE:ALB)

Enterprise Value (EV)