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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. This ratio does not apply to banks.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Financial Bancorp's Enterprise Value is $3,068.0 Mil. First Financial Bancorp's Revenue for the trailing twelve months (TTM) ended in Sep. 2024 was $812.1 Mil. Therefore, First Financial Bancorp's EV-to-Revenue ratio for today is 3.78.
The historical data trend for First Financial Bancorp'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.
First Financial Bancorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Enterprise Value | Get a 7-Day Free Trial | 3,813.35 | 1,808.18 | 2,515.35 | 3,337.36 | 2,535.51 |
First Financial Bancorp Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Enterprise Value | Get a 7-Day Free Trial | 2,506.19 | 2,535.51 | 2,395.20 | 2,707.08 | 2,713.66 |
For the Banks - Regional subindustry, First Financial Bancorp'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.
For the Banks industry and Financial Services sector, First Financial Bancorp's Enterprise Value distribution charts can be found below:
* The bar in red indicates where First Financial Bancorp's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
First Financial Bancorp's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
Enterprise Value (A: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 2259.6035 | + | 0 | + | 344.115 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Balance Sheet Cash And Cash Equivalents |
+ | 937.814 | + | 0 | - | 1006.019 |
= | 2,535.5 |
First Financial Bancorp's Enterprise Value for the quarter that ended in Sep. 2024 is calculated as
Enterprise Value (Q: Sep. 2024 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 2409.119349 | + | 0 | + | 344.086 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Balance Sheet Cash And Cash Equivalents |
+ | 811.653 | + | 0 | - | 851.194 |
= | 2,713.7 |
* 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.
First Financial Bancorp (NAS:FFBC) 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-Revenue is calculated as Enterprise Value divided by its Revenue.
First Financial Bancorp's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 3068.001 | / | 812.083 | |
= | 3.78 |
First Financial Bancorp's current Enterprise Value is $3,068.0 Mil.
First Financial Bancorp's Revenue for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $812.1 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.
Thank you for viewing the detailed overview of First Financial Bancorp's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory A Harris | officer: SVP, WM Sr Operating Officer | 255 E. FIFTH STREET, CINCINNATI OH 45202 |
Richard S Dennen | officer: President, Oak Street Funding | 255 E FIFTH STREET, CINCINNATI OH 45202 |
James M Anderson | officer: Chief Financial Officer | |
Thomas Murray Obrien | director | 255 E FIFTH STREET, CINCINNATI OH 45202 |
Scott T Crawley | officer: Controller & Prin Actg Officer | 255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202 |
Vince Berta | director | 255 E FIFTH STREET, CINCINNATI OH 45202 |
James R Shank | officer: Internal Auditor | 255 EAST 5TH STREET, SUITE 2900, CINCINNATI OH 45202 |
Cynthia O Booth | director | 255 E. FIFTH STREET, CINCINNATI OH 45202 |
Claude E Davis | director, officer: President & CEO | 255 E FIFTH STREET, CINCINNATI OH 45202 |
William G Barron | director | 255 E FIFTH STREET, CINCINNATI OH 45202 |
Andre T Porter | director | 255 E FIFTH STREET, CINCINNATI OH 45202 |
Dawn C Morris | director | 255 E. FIFTH STREET, CINCINNATI OH 45202 |
Gary W Warzala | director | 255 E FIFTH STREET, CINCINNATI OH 45202 |
Brown Archie M Jr | director, officer: Chief Executive Officer | 255 E FIFTH STREET, CINCINNATI OH 45202 |
First Financial Bancorp /oh/ | officer: President, Wealth Management | 255 EAST FIFTH STREET, SUITE 800, CINCINNATI OH 45202 |
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