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Mackinac Financial Corp (NAS:MFNC)
EV/EBITDA
13.84 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Mackinac Financial Corp's enterprise value is $84.64 Mil. Mackinac Financial Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Sep. 2014 was $6.12 Mil. Therefore, Mackinac Financial Corp's EV/EBITDA ratio for today is 13.84.

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 Corp's stock price is $11.22. Mackinac Financial Corp's earnings per share for the trailing twelve months (TTM) ended in Sep. 2014 was $0.91. Therefore, Mackinac Financial Corp's P/E Ratio for today is 12.30.

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


Definition

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

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=84.638/6.12
=13.83

Mackinac Financial Corp's current Enterprise Value is $84.64 Mil.
Mackinac Financial Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Sep. 2014 was 1.45 (Dec. 2013 ) + 1.385 (Mar. 2014 ) + 1.58 (Jun. 2014 ) + 1.705 (Sep. 2014 ) = $6.12 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 Corp's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=11.22/0.911
=12.32

Mackinac Financial Corp's share price for today is $11.22.
Mackinac Financial Corp's Earnings Per Share for the trailing twelve months (TTM) ended in Sep. 2014 was 0.491 (Dec. 2013 ) + 0.12 (Mar. 2014 ) + 0.14 (Jun. 2014 ) + 0.16 (Sep. 2014 ) = $0.91.

* 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 Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ev2ebitda 597.76-9.5831.4116.699.807.60-17.159.587.7010.36

Mackinac Financial Corp Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ev2ebitda 5.799.397.7010.807.988.7710.3612.0414.9313.85
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