Stock Analysis on Net

Humana Inc. (NYSE:HUM)

This company has been moved to the archive! The financial data has not been updated since October 30, 2024.

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Humana Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $266.32
No. shares of common stock outstanding 120,411,343
US$ in millions
Common equity (market value)1 32,068
Add: Preferred stock, $1 par; none issued (per books)
Add: Noncontrolling interests (per books) 56
Total equity 32,124
Add: Book overdraft (per books) 353
Add: Short-term debt (per books) 1,443
Add: Long-term debt (per books) 10,213
Total equity and debt 44,133
Less: Cash and cash equivalents 4,694
Less: Investment securities 16,626
Enterprise value (EV) 22,813

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 266.32 × 120,411,343


Historical Enterprise Value (EV)

Humana Inc., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $363.98 $505.69 $424.71 $378.33 $370.99
No. shares of common stock outstanding1 120,653,315 124,974,862 126,633,599 128,861,929 132,106,497
US$ in millions
Common equity (market value)3 43,915 63,199 53,783 48,752 49,010
Add: Preferred stock, $1 par; none issued (book value)
Add: Noncontrolling interests (book value) 56 59 23
Total equity 43,971 63,258 53,806 48,752 49,010
Add: Book overdraft (book value) 353 298 326 320 225
Add: Short-term debt (book value) 1,443 2,092 1,953 600 699
Add: Long-term debt (book value) 10,213 9,034 10,541 6,060 4,967
Total equity and debt 55,980 74,682 66,626 55,732 54,901
Less: Cash and cash equivalents 4,694 5,061 3,394 4,673 4,054
Less: Investment securities 16,626 13,881 13,192 12,554 10,972
Enterprise value (EV) 34,660 55,740 50,040 38,505 39,875

Based on: 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), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

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

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 363.98 × 120,653,315

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. Humana Inc. EV increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.