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Current Enterprise Value (EV)
Current share price (P) | |
No. shares of common stock outstanding | |
US$ in millions | |
Common equity (market value)1 | |
Add: Preferred stock, par value $1 per share, issued none (per books) | |
Total equity | |
Add: Current maturities of long-term debt (per books) | |
Add: Long-term debt, excluding current maturities (per books) | |
Total equity and debt | |
Less: Cash and cash equivalents | |
Enterprise value (EV) |
Based on: 10-K (reporting date: 2024-06-29).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Sysco Corp. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The data presents financial metrics for a series of annual periods from mid-2019 through mid-2024. The focus is on common equity (market value), total equity, total equity and debt, and enterprise value, all expressed in millions of US dollars.
- Common Equity (Market Value) and Total Equity
- Both common equity and total equity values exhibit identical figures for each respective year, indicating they represent the same measure. The equity value starts at $37,642 million in June 2019, decreases notably to $29,241 million in June 2020, reflecting a significant contraction likely related to external economic conditions or company-specific challenges during that period. Subsequently, equity rebounds to $40,449 million by July 2021 and remains relatively stable around $42,326 million in July 2022. However, equity declines again to $35,224 million in July 2023, before recovering to $37,685 million by June 2024. Overall, the trend is characterized by volatility with periods of recovery following declines.
- Total Equity and Debt
- This metric shows the combined value of equity and the company’s total debt. The total equity and debt figure declines from $45,805 million in June 2019 to $43,688 million in June 2020, mirroring the equity market value decline during that time but at a smaller magnitude. It then rises steadily to $51,532 million by July 2021 and further increases to $52,974 million in July 2022, indicating growth in either equity, debt, or both. A subsequent decrease to $45,634 million in July 2023 suggests a reduction in the company’s capital structure size, followed by a partial recovery to $49,667 million in June 2024. This pattern is consistent with shifts observed in equity but reflects the influence of debt movements as well.
- Enterprise Value (EV)
- The enterprise value exhibits a similar trajectory to the combined equity and debt metric, starting at $45,291 million in June 2019. It decreases sharply to $37,628 million in June 2020, indicating market valuation pressures consistent with the equity decline. Subsequently, EV increases to $48,525 million in July 2021 and continues upward to $52,106 million by July 2022. A marked decline to $44,889 million in July 2023 follows, with a recovery to $48,971 million in June 2024. The EV fluctuations reflect changes in the firm’s valuation from an investor perspective, blending market capitalization and net debt impacts.
In summary, the financial metrics under review display considerable volatility over the examined period. The pronounced dip in mid-2020 likely reflects broad economic or sector-specific impacts, with a recovery phase thereafter. The declines in mid-2023 suggest another contraction or repositioning phase, with a rebound into mid-2024. These fluctuations in equity, total capitalization, and enterprise value highlight cyclical dynamics and possible sensitivity to macroeconomic or operational factors affecting overall company valuation.