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GuruFocus has detected 3 Warning Signs with BioTime Inc $BTX.
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BioTime Inc (AMEX:BTX)
EV-to-EBITDA
-6.55 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, BioTime Inc's enterprise value is $354.95 Mil. BioTime Inc's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2016 was $-54.21 Mil. Therefore, BioTime Inc's EV/EBITDA ratio for today is -6.55.

BTX' s EV-to-EBITDA Range Over the Past 10 Years
Min: -72.3   Max: -1.6
Current: -6.54

-72.3
-1.6

During the past 13 years, the highest EV/EBITDA Ratio of BioTime Inc was -1.60. The lowest was -72.30. And the median was -8.00.

BTX's EV-to-EBITDA is ranked lower than
99.99% of the 355 Companies
in the Global Biotechnology industry.

( Industry Median: 16.79 vs. BTX: -6.54 )

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

As of today, BioTime Inc's stock price is $3.27. BioTime Inc's earnings per share for the trailing twelve months (TTM) ended in Dec. 2016 was $0.32. Therefore, BioTime Inc's P/E Ratio for today is 10.22.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

BioTime Inc's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=354.952/-54.212
=-6.55

BioTime Inc's current Enterprise Value is $354.95 Mil.
BioTime Inc's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2016 was -22.015 (Mar. 2016 ) + -13.106 (Jun. 2016 ) + -8.664 (Sep. 2016 ) + -10.427 (Dec. 2016 ) = $-54.21 Mil.

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


Explanation

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

BioTime Inc's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=3.27/0.32
=10.22

BioTime Inc's share price for today is $3.27.
BioTime Inc's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2016 was -0.19 (Mar. 2016 ) + 0.26 (Jun. 2016 ) + 0.3 (Sep. 2016 ) + -0.05 (Dec. 2016 ) = $0.32.

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

Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Related Terms

Enterprise Value, Earnings Before Depreciation and Amortization, P/E Ratio


Historical Data

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

BioTime Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebitda -9.16-12.58-38.78-36.16-15.55-6.93-4.05-6.39-5.90-6.71

BioTime Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebitda -3.76-6.39-8.74-6.61-4.90-5.90-4.22-3.49-6.08-6.71
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