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, Phoenix's Enterprise Value is $217 Mil.
Phoenix's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 was $-119 Mil. Therefore, Phoenix's EV-to-EBIT ratio for today is -1.83.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Phoenix's Enterprise Value is $217 Mil.
Phoenix's EBITDA for the trailing twelve months (TTM) ended in Mar. 2016 was $-113 Mil. Therefore, Phoenix's EV-to-EBITDA ratio for today is -1.92.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Phoenix's Enterprise Value is $217 Mil.
Phoenix's Revenue for the trailing twelve months (TTM) ended in Mar. 2016 was $1,700 Mil. Therefore, Phoenix's EV-to-Revenue ratio for today is 0.13.
Phoenix Enterprise Value Historical Data
The historical data trend for Phoenix'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 Phoenix's Enterprise Value
For the Insurance - Life subindustry, Phoenix'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.
Phoenix's Enterprise Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Phoenix's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Phoenix's Enterprise Value falls into.
Phoenix 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.
Phoenix's Enterprise Value for the fiscal year that ended in Dec. 2015 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.
Phoenix (NYSE:PNX) 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.
Phoenix's current Enterprise Value is $217 Mil.
Phoenix's EBIT for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-119 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Phoenix's current Enterprise Value is $217 Mil.
Phoenix's EBITDA for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-113 Mil.
Phoenix's current Enterprise Value is $217 Mil.
Phoenix's Revenue for the trailing twelve months (TTM) ended in Mar. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,700 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.
Phoenix Enterprise Value Related Terms
Thank you for viewing the detailed overview of Phoenix's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Phoenix Companies Inc is a Delaware corporation incorporated in 2000. It is a holding company. Its operating subsidiaries provide life insurance and annuity products through independent agents and financial advisors. Its main insurance company subsidiaries are Phoenix Life Insurance Company, domiciled in New York, and PHL Variable Insurance Company, domiciled in Connecticut. Its life insurance in force is permanent life insurance insuring one or more lives. Its annuity products include fixed and variable annuities with a variety of death benefit and guaranteed living benefit options. It operates two businesses segments: Life and Annuity and Saybrus Partners, Inc. The Life and Annuity segment includes individual life insurance and annuity products, including its closed block. Saybrus Partners, Inc provides dedicated life insurance and other consulting services to financial advisors in partner companies, as well as support for sales of Phoenix's product line through independent distribution organizations. Its products compete with similar products sold by other insurance companies and also with savings and investment products offered by banks, asset managers, and broker-dealers. Phoenix Life and PHLVIC are subject to regulation and supervision in each jurisdiction where it conducts business.
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