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Symantec Corp (NAS:SYMC)
Enterprise Value
$11,688 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, Symantec Corp's enterprise value is $11,688 Mil. Symantec Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was $613 Mil. Therefore, Symantec Corp's EV/EBIT ratio for today is 19.07.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Symantec Corp's enterprise value is $11,688 Mil. Symantec Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Jun. 2016 was $907 Mil. Therefore, Symantec Corp's EV/EBITDA ratio for today is 12.89.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, Symantec Corp's enterprise value is $11,688 Mil. Symantec Corp's revenue for the trailing twelve months (TTM) ended in Jun. 2016 was $4,164 Mil. Therefore, Symantec Corp's EV/Revenue ratio for today is 2.81.


Definition

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

Symantec Corp'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 & Capital Lease Obligation
=15947.2206+0+1746
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+350+0-3860
=14,183

Symantec Corp's Enterprise Value for the quarter that ended in Jun. 2016 is calculated as

Enterprise Value (Q: Jun. 2016 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=12643.8078+0+2605
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+599+0-6118
=9,730

* 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.

Symantec Corp's EV/EBIT for today is

Symantec Corp's current Enterprise Value is $11,688 Mil.
Symantec Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2016 was 208 (Sep. 2015 ) + 146 (Dec. 2015 ) + 135 (Mar. 2016 ) + 124 (Jun. 2016 ) = $613 Mil.

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

Symantec Corp's EV/EBITDA for today is:

Symantec Corp's current Enterprise Value is $11,688 Mil.
Symantec Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Jun. 2016 was 333 (Sep. 2015 ) + 168 (Dec. 2015 ) + 210 (Mar. 2016 ) + 196 (Jun. 2016 ) = $907 Mil.

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

Symantec Corp's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=11687.770/4164
=2.81

Symantec Corp's current Enterprise Value is $11,688 Mil.
Symantec Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Jun. 2016 was 1498 (Sep. 2015 ) + 909 (Dec. 2015 ) + 873 (Mar. 2016 ) + 884 (Jun. 2016 ) = $4,164 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 & 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 own currency.

Symantec Corp Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
ev 14,67213,82412,03912,47713,85312,44515,57111,89014,1838,258

Symantec Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ev 11,89013,90814,53516,06414,22114,03211,53613,6577,4319,730
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