Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Credit Acceptance's Enterprise Value is $11,397 Mil.
Credit Acceptance's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $348 Mil. Therefore, Credit Acceptance's EV-to-EBIT ratio for today is 32.71.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Credit Acceptance's Enterprise Value is $11,397 Mil.
Credit Acceptance's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $375 Mil. Therefore, Credit Acceptance's EV-to-EBITDA ratio for today is 30.39.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Credit Acceptance's Enterprise Value is $11,397 Mil.
Credit Acceptance's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $1,881 Mil. Therefore, Credit Acceptance's EV-to-Revenue ratio for today is 6.06.
Credit Acceptance Enterprise Value Historical Data
The historical data trend for Credit Acceptance's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Credit Acceptance's Enterprise Value
For the Credit Services subindustry, Credit Acceptance's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Credit Acceptance's Enterprise Value Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Credit Acceptance's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Credit Acceptance's Enterprise Value falls into.
Credit Acceptance Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Credit Acceptance's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Credit Acceptance (NAS:CACC) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Credit Acceptance's current Enterprise Value is $11,397 Mil.
Credit Acceptance's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $348 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Credit Acceptance's current Enterprise Value is $11,397 Mil.
Credit Acceptance's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $375 Mil.
Credit Acceptance's current Enterprise Value is $11,397 Mil.
Credit Acceptance's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,881 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Credit Acceptance Enterprise Value Related Terms
Thank you for viewing the detailed overview of Credit Acceptance's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Credit Acceptance (Credit Acceptance) Business Description
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
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