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, China New Economy Fund's Enterprise Value is HK$127.64 Mil.
China New Economy Fund's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-52.26 Mil. Therefore, China New Economy Fund's EV-to-EBIT ratio for today is -2.44.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, China New Economy Fund's Enterprise Value is HK$127.64 Mil.
China New Economy Fund's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-50.79 Mil. Therefore, China New Economy Fund's EV-to-EBITDA ratio for today is -2.51.
China New Economy Fund Enterprise Value Historical Data
The historical data trend for China New Economy Fund'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 China New Economy Fund's Enterprise Value
For the Asset Management subindustry, China New Economy Fund'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.
China New Economy Fund's Enterprise Value Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, China New Economy Fund's Enterprise Value distribution charts can be found below:
* The bar in red indicates where China New Economy Fund's Enterprise Value falls into.
China New Economy Fund 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.
China New Economy Fund'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.
China New Economy Fund (HKSE:00080) 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.
China New Economy Fund's current Enterprise Value is HK$127.64 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China New Economy Fund's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-52.26 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
China New Economy Fund's EV-to-EBITDA for today is:
China New Economy Fund's current Enterprise Value is HK$127.64 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China New Economy Fund's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-50.79 Mil.
China New Economy Fund's current Enterprise Value is HK$127.64 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China New Economy Fund's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-59.02 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.
China New Economy Fund Enterprise Value Related Terms
Thank you for viewing the detailed overview of China New Economy Fund's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
China New Economy Fund (HKSE:00080) Business Description
China New Economy Fund Ltd is a Hong Kong-based company principally engaged in investment. The principal investment objective of the Company is to achieve long-term capital appreciation through investing in private or listed enterprises in China, Hong Kong, Macau, and Taiwan. The Company operates through two segments. The Listed Securities segment is engaged in investment in listed securities. The Unlisted Securities segment is engaged in investment in private equity funds and private equities. The investment manager of the Company is China Everbright Securities (HK) Limited.
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