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Fortune Rise Acquisition (Fortune Rise Acquisition) Enterprise Value : $75.65 Mil (As of May. 24, 2024)


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What is Fortune Rise Acquisition Enterprise Value?

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, Fortune Rise Acquisition's Enterprise Value is $75.65 Mil. Fortune Rise Acquisition's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.21 Mil. Therefore, Fortune Rise Acquisition's EV-to-EBIT ratio for today is -34.22.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Fortune Rise Acquisition's Enterprise Value is $75.65 Mil. Fortune Rise Acquisition's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.21 Mil. Therefore, Fortune Rise Acquisition's EV-to-EBITDA ratio for today is -34.22.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Fortune Rise Acquisition's Enterprise Value is $75.65 Mil. Fortune Rise Acquisition's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $0.00 Mil. Therefore, Fortune Rise Acquisition's EV-to-Revenue ratio for today is .


Fortune Rise Acquisition Enterprise Value Historical Data

The historical data trend for Fortune Rise Acquisition'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.

* Premium members only.

Fortune Rise Acquisition Enterprise Value Chart

Fortune Rise Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Enterprise Value
127.29 133.66 73.49

Fortune Rise Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 138.98 75.82 77.38 73.49 75.09

Competitive Comparison of Fortune Rise Acquisition's Enterprise Value

For the Shell Companies subindustry, Fortune Rise Acquisition'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.


Fortune Rise Acquisition's Enterprise Value Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Fortune Rise Acquisition's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Fortune Rise Acquisition's Enterprise Value falls into.



Fortune Rise Acquisition 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.

Fortune Rise Acquisition's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Fortune Rise Acquisition's Enterprise Value for the quarter that ended in Mar. 2024 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.


Fortune Rise Acquisition  (NAS:FRLA) 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.

Fortune Rise Acquisition's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=75.654/-2.211
=-34.22

Fortune Rise Acquisition's current Enterprise Value is $75.65 Mil.
Fortune Rise Acquisition's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.21 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Fortune Rise Acquisition's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=75.654/-2.211
=-34.22

Fortune Rise Acquisition's current Enterprise Value is $75.65 Mil.
Fortune Rise Acquisition's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.21 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Fortune Rise Acquisition's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=75.654/0
=

Fortune Rise Acquisition's current Enterprise Value is $75.65 Mil.
Fortune Rise Acquisition's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 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.


Fortune Rise Acquisition Enterprise Value Related Terms

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Fortune Rise Acquisition (Fortune Rise Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
13575 58th Street North, Suite 200, Clearwater, FL, USA, 33760
Website
Fortune Rise Acquisition Corp is a blank check company.
Executives
Ronald Jay Pollack director 1862 MCCAULEY RD, CLEARWATER FL 33765
Ryan Spick director 18034 N 134TH AVE, SUN CITY WEST AZ 85375
Philip Goodman director 6 OAKWOOD DRIVE, SEWALL'S POINT FL 34996
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
J Richard Iler officer: PEO and CFO 815 WALKER STREET, STE. 1155, HOUSTON TX 77002
Payam Eshraghian director 20601 TROON LANE, HUNTINGTON BEACH CA 92646
Michael Davidov director 60 EAST 42 STREET, NEW YORK NY 10165
David Xianglin Li director 3 STONER AVE, GREAT NECK NY 11021
Lei Huang director, officer: Chief Executive Officer 3 STONER AVE, GREAT NECK NY 10021
Norman C Kristoff director C/O JAMES M. RAE, ESQ., 330 MADISON AVEUNE, 29TH FLOOR, NEW YORK NY 10017
Yuanmei Ma officer: Chief Financial Officer ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080
Lei Xu director, officer: President and Chairwoman 1818 LINDA VISTA CIR., FULLERTON CA 92831
Fortune Rise Sponsor Llc 10 percent owner 48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Koon Keung Chan 10 percent owner 48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840

Fortune Rise Acquisition (Fortune Rise Acquisition) Headlines

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