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Mackinac Financial Corporation (NAS:MFNC)
EV/EBITDA
14.42 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Mackinac Financial Corporation's enterprise value is $107.67 Mil. Mackinac Financial Corporation's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Dec. 2013 was $7.19 Mil. Therefore, Mackinac Financial Corporation's EV/EBITDA ratio for today is 14.42.

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, Mackinac Financial Corporation's stock price is $12.63. Mackinac Financial Corporation's earnings per share for the trailing twelve months (TTM) ended in Dec. 2013 was $0.98. Therefore, Mackinac Financial Corporation's P/E Ratio for today is 19.40.

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


Definition

Mackinac Financial Corporation's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=107.667/7.191
=14.97

Mackinac Financial Corporation's current Enterprise Value is $107.67 Mil.
Mackinac Financial Corporation's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Dec. 2013 was 1.644 (Mar. 2013 ) + 2.321 (Jun. 2013 ) + 1.776 (Sep. 2013 ) + 1.45 (Dec. 2013 ) = $7.19 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

Mackinac Financial Corporation's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=12.63/0.981
=12.87

Mackinac Financial Corporation's share price for today is $12.63.
Mackinac Financial Corporation's Earnings Per Share for the trailing twelve months (TTM) ended in Dec. 2013 was 0.12 (Mar. 2013 ) + 0.22 (Jun. 2013 ) + 0.15 (Sep. 2013 ) + 0.491 (Dec. 2013 ) = $0.98.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Mackinac Financial Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebitda 597.762.4631.4116.699.807.801.449.587.700.00

Mackinac Financial Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ev2ebitda 9.099.5810.565.799.397.7010.807.988.740.00
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