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Forest City Realty Trust Inc (NYSE:FCE.A)
Enterprise Value
$9,561 Mil (As of Today)

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 and cash equivalents.

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Forest City Realty Trust Inc's enterprise value is $9,561 Mil. Forest City Realty Trust Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $239 Mil. Therefore, Forest City Realty Trust Inc's EV/EBIT ratio for today is 40.06.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Forest City Realty Trust Inc's enterprise value is $9,561 Mil. Forest City Realty Trust Inc's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2015 was $506 Mil. Therefore, Forest City Realty Trust Inc's EV/EBITDA ratio for today is 18.89.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, Forest City Realty Trust Inc's enterprise value is $9,561 Mil. Forest City Realty Trust Inc's revenue for the trailing twelve months (TTM) ended in Sep. 2015 was $1,038 Mil. Therefore, Forest City Realty Trust Inc's EV/Revenue ratio for today is 9.21.


Definition

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

Forest City Realty Trust Inc's Enterprise Value for the fiscal year that ended in Dec. 2014 is calculated as

Enterprise Value (A: Dec. 2014 )
=Market Cap+Preferred Stock+Long-Term Debt
=4238.061+0+4938.201
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+0+434.776-326.518
=9,285

Forest City Realty Trust Inc's Enterprise Value for the quarter that ended in Sep. 2015 is calculated as

Enterprise Value (Q: Sep. 2015 )
=Market Cap+Preferred Stock+Long-Term Debt
=5186.8971+0+4773.418
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+0+440.816-331.449
=10,070

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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/EBIT ratio is calculated as enterprise value divided by its EBIT.

Forest City Realty Trust Inc's EV/EBIT for today is

Forest City Realty Trust Inc's current Enterprise Value is $9,561 Mil.
Forest City Realty Trust Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 141.802 (Dec. 2014 ) + -12.926 (Mar. 2015 ) + 514.049 (Jun. 2015 ) + -404.242 (Sep. 2015 ) = $239 Mil.

2. EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA.

Forest City Realty Trust Inc's EV/EBITDA for today is:

Forest City Realty Trust Inc's current Enterprise Value is $9,561 Mil.
Forest City Realty Trust Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2015 was 202.43 (Dec. 2014 ) + 48.888 (Mar. 2015 ) + 579.051 (Jun. 2015 ) + -324.276 (Sep. 2015 ) = $506 Mil.

3. EV/Revenue ratio is calculated as enterprise value divided by its Revenue.

Forest City Realty Trust Inc's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=9561.361/1038.033
=9.21

Forest City Realty Trust Inc's current Enterprise Value is $9,561 Mil.
Forest City Realty Trust Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2015 was 252.135 (Dec. 2014 ) + 237.082 (Mar. 2015 ) + 259.759 (Jun. 2015 ) + 289.057 (Sep. 2015 ) = $1,038 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Market Cap, Preferred Stock, Long-Term Debt, Cash and Cash Equivalents


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Forest City Realty Trust Inc Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Dec14
ev 8,4949,89012,60111,2789,23710,64111,2739,2069,8239,285

Forest City Realty Trust Inc Quarterly Data

Apr13Jul13Oct13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ev 10,32310,3019,5188,9958,7848,6279,28510,40010,51510,070
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