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, cash equivalents, and marketable securities.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Hearts And Minds Investments (ASX:HM1) Enterprise Value 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-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Hearts And Minds Investments's EV-to-EBIT for today is
Hearts And Minds Investments's current Enterprise Value is A$-127.04 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Hearts And Minds Investments's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.00 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Hearts And Minds Investments's EV-to-EBITDA for today is:
Hearts And Minds Investments's current Enterprise Value is A$-127.04 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Hearts And Minds Investments's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.00 Mil.
Hearts And Minds Investments's current Enterprise Value is A$-127.04 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Hearts And Minds Investments's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was A$41.25 Mil.
Hearts And Minds Investments's current Enterprise Value is A$-127.04 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Hearts And Minds Investments's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$-12.52 Mil.
Hearts And Minds Investments's current Enterprise Value is A$-127.04 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Hearts And Minds Investments's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$-12.52 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hearts And Minds Investments Enterprise Value Related Terms
Hearts And Minds Investments Enterprise Value Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hearts And Minds Investments Enterprise Value Chart
ASX:HM1 vs BLK, BX, KKR: Enterprise Value Comparison
For the Asset Management subindustry, Hearts And Minds Investments's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hearts And Minds Investments Enterprise Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hearts And Minds Investments's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Hearts And Minds Investments's Enterprise Value falls into.
Hearts And Minds Investments Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Enterprise Value of A$-127.04 Mil mean?
Hearts And Minds Investments (ASX:HM1) has a Enterprise Value of A$-127.04 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Hearts And Minds Investments and its competitors.
Is Hearts And Minds Investments' Enterprise Value too high?
Hearts And Minds Investments' current Enterprise Value is A$-127.04 Mil. Overall, Hearts And Minds Investments has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hearts And Minds Investments' Enterprise Value compare to BLK and BX?
Hearts And Minds Investments' Enterprise Value of A$-127.04 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Asset Management company?
A good Enterprise Value depends on the Asset Management industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Hearts And Minds Investments and its competitors. Hearts And Minds Investments's current Enterprise Value is A$-127.04 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hearts And Minds Investments stock overvalued right now?
Based on GuruFocus' analysis, Hearts And Minds Investments (ASX:HM1) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.51, compared to a current price of A$2.86 — trading 89.4% above its estimated fair value. The current Enterprise Value is A$-127.04 Mil. Hearts And Minds Investments' overall GF Score™ is 37/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Hearts And Minds Investments (ASX:HM1), the current Enterprise Value is A$-127.04 Mil as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hearts And Minds Investments (ASX:HM1) Overvalued in 2026?
Based on GuruFocus' analysis, Hearts And Minds Investments stock appears to be overvalued.
The current stock price of A$2.86 is trading 89.4% above its estimated GF Value™ of A$1.51.
GuruFocus considers Hearts And Minds Investments to be Significantly Overvalued.
Key valuation signals for ASX:HM1:
Enterprise Value: A$-127.04 Mil
GF Value™: A$1.51 vs. price of A$2.86 (89.4% above fair value)
No single metric tells the full story. See the ASX:HM1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hearts And Minds Investments Ltd is a listed investment company. The company strives to deliver attractive equity investment returns for shareholders while providing funding for Australian medical research. It derives revenue from dividend income, interest income, and the sale of its investments. Geographically, the company has investments in the United States, Australia, Hong Kong, Germany, Canada, and the United Kingdom.
37GF Score
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