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Sysco Corp (NYSE:SYY)
Enterprise Value
$23,584 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, Sysco Corp's enterprise value is $23,584 Mil. Sysco Corp's operating income for the trailing twelve months (TTM) ended in Mar. 2014 was $1,622 Mil. Therefore, Sysco Corp's EV/EBIT ratio for today is 14.54.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Sysco Corp's enterprise value is $23,584 Mil. Sysco Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Mar. 2014 was $2,179 Mil. Therefore, Sysco Corp's EV/EBITDA ratio for today is 10.82.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, Sysco Corp's enterprise value is $23,584 Mil. Sysco Corp's revenue for the trailing twelve months (TTM) ended in Mar. 2014 was $45,831 Mil. Therefore, Sysco Corp's EV/Revenue ratio for today is 0.51.


Definition

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

Sysco Corp's Enterprise Value for the fiscal year that ended in Jun. 2013 is calculated as

Enterprise Value (A: Jun. 2013 )
=Market Cap+Preferred Stock+Long-Term Debt
=20021.5176+0+2639.986
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+248.933+0-412.285
=22,498

Sysco Corp's Enterprise Value for the quarter that ended in Mar. 2014 is calculated as

Enterprise Value (Q: Mar. 2014 )
=Market Cap+Preferred Stock+Long-Term Debt
=21097.7522+0+2986.163
+Short-Term Debt Without Lease+Minority Interest-Cash and Cash Equivalents
+75.964+0-341.09
=23,819

* 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.

Sysco Corp's EV/EBIT for today is

EV/EBIT ratio=Enterprise Value (Today)/Operating Income (TTM)
=23584.333/1622.443
=14.54

Sysco Corp's current Enterprise Value is $23,584 Mil.
Sysco Corp's Operating Income for the trailing twelve months (TTM) ended in Mar. 2014 was 459.843 (Jun. 2013 ) + 478.198 (Sep. 2013 ) + 351.777 (Dec. 2013 ) + 332.625 (Mar. 2014 ) = $1,622 Mil.

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

Sysco Corp's EV/EBITDA for today is:

Sysco Corp's current Enterprise Value is $23,584 Mil.
Sysco Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2014 was 602.225 (Jun. 2013 ) + 616.476 (Sep. 2013 ) + 493.391 (Dec. 2013 ) + 466.832 (Mar. 2014 ) = $2,179 Mil.

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

Sysco Corp's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=23584.333/45830.776
=0.51

Sysco Corp's current Enterprise Value is $23,584 Mil.
Sysco Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2014 was 11601.056 (Jun. 2013 ) + 11714.267 (Sep. 2013 ) + 11237.969 (Dec. 2013 ) + 11277.484 (Mar. 2014 ) = $45,831 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.

Sysco Corp Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ev 24,20524,14920,46321,85417,95214,72218,77320,20119,79722,498

Sysco Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ev 19,64519,99819,79720,82721,31723,33122,49821,35023,84923,819
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