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NGL Energy Partners LP (NYSE:NGL)
Enterprise Value
$5,219 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, NGL Energy Partners LP's enterprise value is $5,219 Mil. NGL Energy Partners LP's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was $185 Mil. Therefore, NGL Energy Partners LP's EV/EBIT ratio for today is 28.23.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, NGL Energy Partners LP's enterprise value is $5,219 Mil. NGL Energy Partners LP's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2015 was $434 Mil. Therefore, NGL Energy Partners LP's EV/EBITDA ratio for today is 12.02.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, NGL Energy Partners LP's enterprise value is $5,219 Mil. NGL Energy Partners LP's revenue for the trailing twelve months (TTM) ended in Dec. 2015 was $12,637 Mil. Therefore, NGL Energy Partners LP's EV/Revenue ratio for today is 0.41.


Definition

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

NGL Energy Partners LP's Enterprise Value for the fiscal year that ended in Mar. 2015 is calculated as

Enterprise Value (A: Mar. 2015 )
=Market Cap+Preferred Stock+Long-Term Debt
=2722.4117+0+2745.299
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+4.472+547.326-41.303
=5,978

NGL Energy Partners LP's Enterprise Value for the quarter that ended in Dec. 2015 is calculated as

Enterprise Value (Q: Dec. 2015 )
=Market Cap+Preferred Stock+Long-Term Debt
=1164.6096+0+3323.492
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+7.6+544.89-25.179
=5,015

* 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.

NGL Energy Partners LP's EV/EBIT for today is

NGL Energy Partners LP's current Enterprise Value is $5,219 Mil.
NGL Energy Partners LP's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2015 was 121.224 (Mar. 2015 ) + -7.186 (Jun. 2015 ) + 4.633 (Sep. 2015 ) + 66.199 (Dec. 2015 ) = $185 Mil.

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

NGL Energy Partners LP's EV/EBITDA for today is:

NGL Energy Partners LP's current Enterprise Value is $5,219 Mil.
NGL Energy Partners LP's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2015 was 179.471 (Mar. 2015 ) + 56.628 (Jun. 2015 ) + 65.37 (Sep. 2015 ) + 132.729 (Dec. 2015 ) = $434 Mil.

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

NGL Energy Partners LP's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=5219.072/12637.441
=0.41

NGL Energy Partners LP's current Enterprise Value is $5,219 Mil.
NGL Energy Partners LP's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2015 was 3220.771 (Mar. 2015 ) + 3538.469 (Jun. 2015 ) + 3193.195 (Sep. 2015 ) + 2685.006 (Dec. 2015 ) = $12,637 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.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15
ev 0000008142,1864,6095,978

NGL Energy Partners LP Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ev 3,0284,2604,6095,1996,4865,7755,9786,7015,7125,015
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