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Northern Ocean (Northern Ocean) Enterprise Value : $708.6 Mil (As of Jun. 22, 2024)


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What is Northern Ocean 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, Northern Ocean's Enterprise Value is $708.6 Mil. Northern Ocean's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-11.2 Mil. Therefore, Northern Ocean's EV-to-EBIT ratio for today is -63.50.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Northern Ocean's Enterprise Value is $708.6 Mil. Northern Ocean's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $33.2 Mil. Therefore, Northern Ocean's EV-to-EBITDA ratio for today is 21.32.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Northern Ocean's Enterprise Value is $708.6 Mil. Northern Ocean's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $290.0 Mil. Therefore, Northern Ocean's EV-to-Revenue ratio for today is 2.44.


Northern Ocean Enterprise Value Historical Data

The historical data trend for Northern Ocean'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.

Northern Ocean Enterprise Value Chart

Northern Ocean Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
- - - - 728.54

Northern Ocean Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 667.14 758.14 728.54 734.59

Competitive Comparison of Northern Ocean's Enterprise Value

For the Oil & Gas Drilling subindustry, Northern Ocean'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.


Northern Ocean's Enterprise Value Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Northern Ocean's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Northern Ocean's Enterprise Value falls into.



Northern Ocean 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.

Northern Ocean's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Northern Ocean'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.


Northern Ocean  (OTCPK:NTNOF) 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.

Northern Ocean's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=708.615/-11.159
=-63.50

Northern Ocean's current Enterprise Value is $708.6 Mil.
Northern Ocean'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 $-11.2 Mil.

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

Northern Ocean's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=708.615/33.235
=21.32

Northern Ocean's current Enterprise Value is $708.6 Mil.
Northern Ocean'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 $33.2 Mil.

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

Northern Ocean's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=708.615/290.014
=2.44

Northern Ocean's current Enterprise Value is $708.6 Mil.
Northern Ocean'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 $290.0 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.


Northern Ocean Enterprise Value Related Terms

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Northern Ocean (Northern Ocean) Business Description

Traded in Other Exchanges
Address
14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08
Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns one semi-submersible rig, Deepsea Mira; and one semi-submersible rig currently under construction, Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation and One-time reimbursed costs.

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