Stock Analysis on Net

CVS Health Corp. (NYSE:CVS)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

CVS Health Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $67.98
No. shares of common stock outstanding 1,260,795,063
US$ in millions
Common equity (market value)1 85,709
Add: Preferred stock, par value $0.01; none issued or outstanding (per books)
Add: Noncontrolling interests (per books) 170
Total equity 85,879
Add: Short-term debt (per books) 2,119
Add: Current portion of long-term debt (per books) 3,624
Add: Long-term debt, excluding current portion (per books) 60,527
Total equity and debt 152,149
Less: Cash and cash equivalents 8,586
Less: Investments 2,407
Enterprise value (EV) 141,156

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 67.98 × 1,260,795,063


Historical Enterprise Value (EV)

CVS Health Corp., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $63.22 $76.05 $88.96 $104.79 $70.53
No. shares of common stock outstanding1 1,260,795,063 1,258,449,553 1,284,111,667 1,312,510,426 1,311,354,926
US$ in millions
Common equity (market value)3 79,707 95,705 114,235 137,538 92,490
Add: Preferred stock, par value $0.01; none issued or outstanding (book value)
Add: Noncontrolling interests (book value) 170 175 300 306 312
Total equity 79,877 95,880 114,535 137,844 92,802
Add: Short-term debt (book value) 2,119 200
Add: Current portion of long-term debt (book value) 3,624 2,772 1,778 4,205 5,440
Add: Long-term debt, excluding current portion (book value) 60,527 58,638 50,476 51,971 59,207
Total equity and debt 146,147 157,490 166,789 194,020 157,449
Less: Cash and cash equivalents 8,586 8,196 12,945 9,408 7,854
Less: Investments 2,407 3,259 2,778 3,117 3,000
Enterprise value (EV) 135,154 146,035 151,066 181,495 146,595

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 63.22 × 1,260,795,063

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. CVS Health Corp. EV decreased from 2022 to 2023 and from 2023 to 2024.