e.l.f. Beauty, Inc., current enterprise value calculation

Current share price (P)	$114.65
No. shares of common stock outstanding	56,388,228
US$ in thousands
Common equity (market value)¹	6,464,910)
Total equity	6,464,910)
Add: Current portion of long-term debt and finance lease obligations (per books)	100,307)
Add: Long-term debt and finance lease obligations (per books)	161,819)
Total equity and debt	6,727,036)
Less: Cash and cash equivalents	108,183)
Enterprise value (EV)	6,618,853)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 114.65 × 56,388,228

e.l.f. Beauty, Inc., EV calculation

	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Share price^1, 2	$184.77	$104.15	$24.63	$28.52	$16.57
No. shares of common stock outstanding¹	55,939,080	53,867,072	52,272,764	51,649,915	50,009,051
US$ in thousands
Common equity (market value)³	10,335,864)	5,610,256)	1,287,478)	1,473,056)	828,650)
Total equity	10,335,864)	5,610,256)	1,287,478)	1,473,056)	828,650)
Add: Current portion of long-term debt and finance lease obligations (book value)	100,307)	5,575)	5,786)	16,281)	12,568)
Add: Long-term debt and finance lease obligations (book value)	161,819)	60,881)	91,080)	110,255)	126,088)
Total equity and debt	10,597,990)	5,676,712)	1,384,344)	1,599,592)	967,306)
Less: Cash and cash equivalents	108,183)	120,778)	43,353)	57,768)	46,167)
Enterprise value (EV)	10,489,807)	5,555,934)	1,340,991)	1,541,824)	921,139)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of e.l.f. Beauty, Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 184.77 × 55,939,080

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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.	e.l.f. Beauty, Inc. EV increased from 2022 to 2023 and from 2023 to 2024.

e.l.f. Beauty, Inc. (NYSE:ELF)

Enterprise Value (EV)