Enterprise Value (EV)
Current Enterprise Value (EV)
Becton, Dickinson & Co., current enterprise value calculation
| Current share price (P) | $259.64 |
| No. shares of common stock outstanding | 285,064,629 |
| US$ in millions | |
| Common equity (market value)1 | 74,014) |
| Add: Preferred stock (per books) | 2) |
| Total equity | 74,016) |
| Add: Short-term debt (per books) | 500) |
| Add: Long-term debt, excluding current portion (per books) | 17,110) |
| Total equity and debt | 91,626) |
| Less: Cash and equivalents | 2,283) |
| Less: Restricted cash | 109) |
| Less: Short-term investments | 12) |
| Enterprise value (EV) | 89,222) |
Based on: 10-K (reporting date: 2021-09-30).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 259.64 × 285,064,629
Historical Enterprise Value (EV)
Becton, Dickinson & Co., EV calculation
Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Becton, Dickinson & Co. Annual Report.
3 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 244.46 × 284,023,582
The financial data indicates a period of substantial growth in the valuation and capital structure between 2016 and 2019, followed by a moderate contraction in 2020 and a subsequent recovery in 2021.
- Market Value and Equity Trends
- Common equity market value experienced a consistent upward trajectory from 2016 to 2019, rising from US$ 35,772 million to a peak of US$ 70,428 million. A decline occurred in 2020 to US$ 65,973 million, with a partial recovery to US$ 69,432 million by September 30, 2021. There is a near-perfect correlation between the common equity market value and total equity throughout the observed period.
- Capitalization and Total Obligations
- Total equity and debt followed a growth pattern similar to equity, increasing from US$ 47,323 million in 2016 to US$ 89,820 million in 2019. This suggests a synchronized expansion of both the equity base and debt obligations. The figure decreased to US$ 83,906 million in 2020 before rising again to US$ 87,044 million in 2021.
- Enterprise Value (EV) Analysis
- The Enterprise Value exhibited the most significant volatility, particularly between 2017 and 2018, where it jumped from US$ 55,792 million to US$ 85,173 million. The EV peaked in 2019 at US$ 89,200 million. The subsequent decline to US$ 80,969 million in 2020 and the increase to US$ 84,640 million in 2021 reflect broader fluctuations in the total value of the business operations.
Overall, the data demonstrates that the organization's total value was driven by a strong expansion phase ending in 2019, with the 2020 contraction being largely offset by the gains made in the preceding three years.
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