Switch to:
PennantPark Floating Rate Capital Ltd (NAS:PFLT)
Enterprise Value
$572.63 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, PennantPark Floating Rate Capital Ltd's enterprise value is $572.63 Mil. PennantPark Floating Rate Capital Ltd's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $38.41 Mil. Therefore, PennantPark Floating Rate Capital Ltd's EV/EBIT ratio for today is 14.91.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, PennantPark Floating Rate Capital Ltd's enterprise value is $572.63 Mil. PennantPark Floating Rate Capital Ltd's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2016 was $38.41 Mil. Therefore, PennantPark Floating Rate Capital Ltd's EV/EBITDA ratio for today is 14.91.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, PennantPark Floating Rate Capital Ltd's enterprise value is $572.63 Mil. PennantPark Floating Rate Capital Ltd's revenue for the trailing twelve months (TTM) ended in Sep. 2016 was $46.30 Mil. Therefore, PennantPark Floating Rate Capital Ltd's EV/Revenue ratio for today is 12.37.


Definition

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

PennantPark Floating Rate Capital Ltd's Enterprise Value for the fiscal year that ended in Sep. 2016 is calculated as

Enterprise Value (A: Sep. 2016 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=353.6379+0+232.389
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+0+0-28.911
=557.12

PennantPark Floating Rate Capital Ltd's Enterprise Value for the quarter that ended in Sep. 2016 is calculated as

Enterprise Value (Q: Sep. 2016 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=353.6379+0+232.389
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+0+0-28.911
=557.12

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

PennantPark Floating Rate Capital Ltd's EV/EBIT for today is

PennantPark Floating Rate Capital Ltd's current Enterprise Value is $572.63 Mil.
PennantPark Floating Rate Capital Ltd's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 2.687 (Dec. 2015 ) + 3.559 (Mar. 2016 ) + 14.696 (Jun. 2016 ) + 17.471 (Sep. 2016 ) = $38.41 Mil.

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

PennantPark Floating Rate Capital Ltd's EV/EBITDA for today is:

PennantPark Floating Rate Capital Ltd's current Enterprise Value is $572.63 Mil.
PennantPark Floating Rate Capital Ltd's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2016 was 2.687 (Dec. 2015 ) + 3.559 (Mar. 2016 ) + 14.696 (Jun. 2016 ) + 17.471 (Sep. 2016 ) = $38.41 Mil.

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

PennantPark Floating Rate Capital Ltd's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=572.628/46.3
=12.37

PennantPark Floating Rate Capital Ltd's current Enterprise Value is $572.63 Mil.
PennantPark Floating Rate Capital Ltd's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2016 was 8.756 (Dec. 2015 ) + 11.346 (Mar. 2016 ) + 10.803 (Jun. 2016 ) + 15.395 (Sep. 2016 ) = $46.30 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Market Cap, Preferred Stock, Long-Term Debt & Capital Lease Obligation, Cash and Cash Equivalents, Current Portion of Long-Term Debt


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

PennantPark Floating Rate Capital Ltd Annual Data

Sep11Sep12Sep13Sep14Sep15Sep16
ev 0.000.000.000.0067.60158.07300.34339.16327.33557.12

PennantPark Floating Rate Capital Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev 357.88339.16330.20316.80336.35327.33382.37427.29505.04557.12
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK