Monday, February 16, 2009

Enterprise Value on IPO Date

(Share Price x # of shares) + value of liabilities - assets = Enterprise Value

Apple:
(22 x 54,215,332) + 37,780,128 - 54,106,215 = $1,176,411,217

Microsoft:
(22 x 24,715,113) = $543,732,486

The enterprise value of Apple on its IPO date was 216% higher than Microsoft.
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2 comments:

  1. ProfessorFebruary 17, 2009 at 8:50 AM

    This needs to be redone using the correct amounts. Also, $1.2 billion is not 4.2% higher than $49.4 million, you need to check all your math before you complete the assignment.

    ReplyDelete
  2. ProfessorApril 20, 2009 at 2:24 PM

    Better, however this assignment turned into the Enterprise Value assignment spreadsheet that was already graded.

    ReplyDelete

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