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.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cathay Pacific Airways's Enterprise Value is $13,617 Mil.
Cathay Pacific Airways's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,895 Mil. Therefore, Cathay Pacific Airways's EV-to-EBIT ratio for today is 7.19.
Cathay Pacific Airways Enterprise Value Historical Data
The historical data trend for Cathay Pacific Airways's Enterprise Value can be seen below:
* 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.
Competitive Comparison of Cathay Pacific Airways's Enterprise Value
For the Airlines subindustry, Cathay Pacific Airways'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.
Cathay Pacific Airways's Enterprise Value Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Cathay Pacific Airways's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Cathay Pacific Airways's Enterprise Value falls into.
Cathay Pacific Airways 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.
Cathay Pacific Airways's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Cathay Pacific Airways (OTCPK:CPCAY) 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.
Cathay Pacific Airways's current Enterprise Value is $13,617 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cathay Pacific Airways's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,895 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Cathay Pacific Airways's EV-to-EBITDA for today is:
Cathay Pacific Airways's current Enterprise Value is $13,617 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cathay Pacific Airways's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $1,895 Mil.
Cathay Pacific Airways's current Enterprise Value is $13,617 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cathay Pacific Airways's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $12,082 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.
Cathay Pacific Airways Enterprise Value Related Terms
Thank you for viewing the detailed overview of Cathay Pacific Airways's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Cathay Pacific Airways (Cathay Pacific Airways) Business Description
Cathay Pacific Airways is the largest airline group in Hong Kong. It operated a fleet of 222 aircraft as of December 2022 and carried more than 35 million passengers in 2019. Its route network extends to 119 destinations in 35 countries. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.
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