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Horizon Securities Co (ROCO:6015) Enterprise Value : NT$907 Mil (As of Mar. 25, 2025)


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What is Horizon Securities Co 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, Horizon Securities Co's Enterprise Value is NT$907 Mil. Horizon Securities Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was NT$470 Mil. Therefore, Horizon Securities Co's EV-to-EBIT ratio for today is 1.93.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Horizon Securities Co's Enterprise Value is NT$907 Mil. Horizon Securities Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 was NT$600 Mil. Therefore, Horizon Securities Co's EV-to-EBITDA ratio for today is 1.51.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Horizon Securities Co's Enterprise Value is NT$907 Mil. Horizon Securities Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 was NT$1,800 Mil. Therefore, Horizon Securities Co's EV-to-Revenue ratio for today is 0.50.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Horizon Securities Co's Enterprise Value is NT$907 Mil. Horizon Securities Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 was NT$580 Mil. Therefore, Horizon Securities Co's EV-to-FCF ratio for today is 1.56.


Horizon Securities Co Enterprise Value Historical Data

The historical data trend for Horizon Securities Co'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.

Horizon Securities Co Enterprise Value Chart

Horizon Securities Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,239.40 2,494.24 872.27 1,675.86 1,085.81

Horizon Securities Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1,675.86 1,855.73 1,740.59 1,410.07 1,085.81

Competitive Comparison of Horizon Securities Co's Enterprise Value

For the Capital Markets subindustry, Horizon Securities Co'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.


Horizon Securities Co's Enterprise Value Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Horizon Securities Co's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Horizon Securities Co's Enterprise Value falls into.



Horizon Securities Co 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.

Horizon Securities Co's Enterprise Value for the fiscal year that ended in Dec. 2024 is calculated as

Horizon Securities Co's Enterprise Value for the quarter that ended in Dec. 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.


Horizon Securities Co  (ROCO:6015) 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.

Horizon Securities Co's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=907.491/470.349
=1.93

Horizon Securities Co's current Enterprise Value is NT$907 Mil.
Horizon Securities Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$470 Mil.

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

Horizon Securities Co's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=907.491/599.77
=1.51

Horizon Securities Co's current Enterprise Value is NT$907 Mil.
Horizon Securities Co's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$600 Mil.

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

Horizon Securities Co's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=907.491/1799.602
=0.50

Horizon Securities Co's current Enterprise Value is NT$907 Mil.
Horizon Securities Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1,800 Mil.

4. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Horizon Securities Co's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=907.491/580.342
=1.56

Horizon Securities Co's current Enterprise Value is NT$907 Mil.
Horizon Securities Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$580 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.


Horizon Securities Co Enterprise Value Related Terms

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Horizon Securities Co Business Description

Traded in Other Exchanges
N/A
Address
Xinyi Road, 3-5 and 7th Floor, No. 236, Sec. 4, Da’an Dist, Taipei, TWN, 106
Horizon Securities Co Ltd is a Taiwan-based company which is engaged in providing various financial products and services. The company offers stock brokerage, proprietary trading, underwriting, and futures trading services. The company is mainly involved in securities brokerage, securities proprietary business, securities underwriting business, futures brokerage business, futures proprietary business, and futures consulting business.

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