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, Tian Cheng Holdings's Enterprise Value is HK$5.3 Mil.
Tian Cheng Holdings's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was HK$-80.7 Mil. Therefore, Tian Cheng Holdings's EV-to-EBIT ratio for today is -0.07.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Tian Cheng Holdings's Enterprise Value is HK$5.3 Mil.
Tian Cheng Holdings's EBITDA for the trailing twelve months (TTM) ended in Nov. 2023 was HK$-80.7 Mil. Therefore, Tian Cheng Holdings's EV-to-EBITDA ratio for today is -0.07.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Tian Cheng Holdings's Enterprise Value is HK$5.3 Mil.
Tian Cheng Holdings's Revenue for the trailing twelve months (TTM) ended in Nov. 2023 was HK$192.3 Mil. Therefore, Tian Cheng Holdings's EV-to-Revenue ratio for today is 0.03.
Tian Cheng Holdings Enterprise Value Historical Data
The historical data trend for Tian Cheng Holdings'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 Tian Cheng Holdings's Enterprise Value
For the Engineering & Construction subindustry, Tian Cheng Holdings'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.
Tian Cheng Holdings's Enterprise Value Distribution in the Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Tian Cheng Holdings's Enterprise Value falls into.
Tian Cheng Holdings 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.
Tian Cheng Holdings's Enterprise Value for the fiscal year that ended in May. 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.
Tian Cheng Holdings (HKSE:02110) 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.
Tian Cheng Holdings's current Enterprise Value is HK$5.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was HK$-80.7 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Tian Cheng Holdings's current Enterprise Value is HK$5.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's EBITDA for the trailing twelve months (TTM) ended in Nov. 2023 was HK$-80.7 Mil.
Tian Cheng Holdings's current Enterprise Value is HK$5.3 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Tian Cheng Holdings's Revenue for the trailing twelve months (TTM) ended in Nov. 2023 was HK$192.3 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.
Tian Cheng Holdings Enterprise Value Related Terms
Thank you for viewing the detailed overview of Tian Cheng Holdings's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Tian Cheng Holdings (HKSE:02110) Business Description
Tian Cheng Holdings Ltd formerly Yue Kan Holdings Ltd is a marine construction works subcontractor. The company's operating segment includes Marine construction works; Other civil engineering works and Vessel chartering services. It generates maximum revenue from the Marine construction works segment. Geographically, it derives revenue from Hong Kong.
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