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, Horace Mann Educators's Enterprise Value is $2,022 Mil.
Horace Mann Educators's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $83 Mil. Therefore, Horace Mann Educators's EV-to-EBIT ratio for today is 24.36.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Horace Mann Educators's Enterprise Value is $2,022 Mil.
Horace Mann Educators's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $109 Mil. Therefore, Horace Mann Educators's EV-to-EBITDA ratio for today is 18.52.
Horace Mann Educators Enterprise Value Historical Data
The historical data trend for Horace Mann Educators'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 Horace Mann Educators's Enterprise Value
For the Insurance - Property & Casualty subindustry, Horace Mann Educators'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.
Horace Mann Educators's Enterprise Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Horace Mann Educators's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Horace Mann Educators's Enterprise Value falls into.
Horace Mann Educators 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.
Horace Mann Educators'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.
Horace Mann Educators (NYSE:HMN) 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.
Horace Mann Educators's current Enterprise Value is $2,022 Mil.
Horace Mann Educators'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 $83 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Horace Mann Educators's EV-to-EBITDA for today is:
Horace Mann Educators's current Enterprise Value is $2,022 Mil.
Horace Mann Educators'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 $109 Mil.
Horace Mann Educators's current Enterprise Value is $2,022 Mil.
Horace Mann Educators'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 $1,433 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.
Horace Mann Educators Enterprise Value Related Terms
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Horace Mann Educators (Horace Mann Educators) Business Description
Horace Mann Educators Corp is a diversified insurance holding company that markets and underwrites personal lines of property and casualty insurance, retirement annuities, and life insurance. The company's property and casualty operations focus on automobile and homeowner insurance, while the retirement annuities are 403(b) tax-qualified products. Horace Mann Educators markets its products to kindergarten through 12th-grade teachers, administrators, and other employees of public schools and their families. The company uses several former teachers in its salesforce. Its segments include Property and Casualty, Supplemental & Group Benefits, Life & Retirement and Corporate and Other.
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