Sunlight Financial Holdings (Sunlight Financial Holdings) Enterprise Value : $-27.83 Mil (As of May. 05, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Sunlight Financial Holdings 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, Sunlight Financial Holdings's Enterprise Value is $-27.83 Mil. Sunlight Financial Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $-642.00 Mil. Therefore, Sunlight Financial Holdings's EV-to-EBIT ratio for today is 0.04.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Sunlight Financial Holdings's Enterprise Value is $-27.83 Mil. Sunlight Financial Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 was $-607.56 Mil. Therefore, Sunlight Financial Holdings's EV-to-EBITDA ratio for today is 0.05.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Sunlight Financial Holdings's Enterprise Value is $-27.83 Mil. Sunlight Financial Holdings's Revenue for the trailing twelve months (TTM) ended in Jun. 2023 was $31.52 Mil. Therefore, Sunlight Financial Holdings's EV-to-Revenue ratio for today is -0.88.

Sunlight Financial Holdings Enterprise Value Historical Data

The historical data trend for Sunlight Financial 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.

* Premium members only.

Sunlight Financial Holdings Enterprise Value Chart

Sunlight Financial Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Enterprise Value

650.24

223.45

Sunlight Financial Holdings Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Enterprise Value	Get a 7-Day Free Trial							510.14	211.79	223.45	80.41	83.10

Competitive Comparison of Sunlight Financial Holdings's Enterprise Value

For the Credit Services subindustry, Sunlight Financial 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.

Sunlight Financial Holdings's Enterprise Value Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sunlight Financial Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Sunlight Financial Holdings's Enterprise Value falls into.

Sunlight Financial 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.

Sunlight Financial Holdings's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

	Enterprise Value (A: Dec. 2022 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	106.177062	+	0	+	20.613
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	20.613	+	123.563	-	47.515
=	223.45

Sunlight Financial Holdings's Enterprise Value for the quarter that ended in Jun. 2023 is calculated as

	Enterprise Value (Q: Jun. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	24.813038	+	0	+	52.267
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	0	+	86.169	-	80.147
=	83.10

Sunlight Financial Holdings (OTCPK:SUNLQ) 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.

Sunlight Financial Holdings's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	-27.828	/	-642.004
	=	0.04

Sunlight Financial Holdings's current Enterprise Value is $-27.83 Mil.
Sunlight Financial Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-642.00 Mil.

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

Sunlight Financial Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	-27.828	/	-607.56
	=	0.05

Sunlight Financial Holdings's current Enterprise Value is $-27.83 Mil.
Sunlight Financial Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-607.56 Mil.

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

Sunlight Financial Holdings's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	-27.828	/	31.523
	=	-0.88

Sunlight Financial Holdings's current Enterprise Value is $-27.83 Mil.
Sunlight Financial Holdings's Revenue for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $31.52 Mil.

Sunlight Financial Holdings Enterprise Value Related Terms

Thank you for viewing the detailed overview of Sunlight Financial Holdings's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.

Sunlight Financial Holdings (Sunlight Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sunlight Financial Holdings Inc (OTCPK:SUNLQ) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 North Tryon Street, Suite 1000, Charlotte, NC, USA, 28246

Website

https://www.sunlightfinancial.com

Sunlight Financial Holdings Inc is a technology-enabled point-of-sale finance company. It partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. It's technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. It earns revenue in two streams: platform fees earned on each loan facilitated via Orange and fees earned for loan portfolio management, servicing, and administration services.

Executives

Matthew Potere	director, officer: Chief Executive Officer	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Rodney Yoder	officer: Chief Financial Officer	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Timothy Parsons	officer: EVP and COO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Apollo Principal Holdings Iii Gp Ltd	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Apollo Anrp Capital Management Iii, Llc	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Apollo Anrp Advisors Iii, L.p.	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Ap Spartan Energy Holdings Ii, L.p.	10 percent owner	9 WEST 57TH ST, 43RD FLOOR, NEW YORK NY 10019
Spartan Acquisition Sponsor Ii Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aph Holdings, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Barry Edinburg	officer: EVP and CFO	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
William B Miller	officer: Managing Director Acct Finance	C/O SUNLIGHT FINANCIAL HOLDINGS INC., 101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Scott Mulloy	officer: EVP and CIO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Kenneth Shea	director	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tiger Infrastructure Partners Co-invest B Lp	10 percent owner	717 FIFTH AVENUE, FLOOR 12A, NEW YORK NY 10022
Ftv V, L.p.	10 percent owner	555 CALIFORNIA STREET, SUITE 2900, SAN FRANCISCO CA 94104