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, Functional Technologies's Enterprise Value is C$0.31 Mil.
Functional Technologies's EBIT for the trailing twelve months (TTM) ended in Aug. 2012 was C$-12.48 Mil. Therefore, Functional Technologies's EV-to-EBIT ratio for today is -0.02.
* 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 Functional Technologies's Enterprise Value
For the Biotechnology subindustry, Functional Technologies'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.
Functional Technologies's Enterprise Value Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Functional Technologies's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Functional Technologies's Enterprise Value falls into.
Functional Technologies 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.
Functional Technologies's Enterprise Value for the fiscal year that ended in Aug. 2012 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.
Functional Technologies (TSXV:FEB.H) 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.
Functional Technologies's current Enterprise Value is C$0.31 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Functional Technologies's EBIT for the trailing twelve months (TTM) ended in Aug. 2012 was C$-12.48 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Functional Technologies's EV-to-EBITDA for today is:
Functional Technologies's current Enterprise Value is C$0.31 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Functional Technologies's EBITDA for the trailing twelve months (TTM) ended in Aug. 2012 was C$-12.25 Mil.
Functional Technologies's current Enterprise Value is C$0.31 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Functional Technologies's Revenue for the trailing twelve months (TTM) ended in Aug. 2012 was C$0.18 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.
Functional Technologies Enterprise Value Related Terms
Thank you for viewing the detailed overview of Functional Technologies's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Functional Technologies (TSXV:FEB.H) Business Description
Functional Technologies Corp is incorporated under the corporate laws of British Columbia, Canada on October 18, 1999. The Company is a functional foods and biological health products company that is developing and commercializing advanced yeast products and other novel biological products for the food and health care industry. The company develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries, for which viable solutions are lacking. The Company's platform technologies improve the performance of innate yeast functions to primarily prevent the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by various global agencies as dangerous substances (e.g. carcinogens, neurotoxicants or reproductive toxicants). The Company operates in three geographic regions: Canada, Europe and the United States.
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