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Ball Corp (NYSE:BLL)
Enterprise Value
$21,728 Mil (As of Today)

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 and cash equivalents.

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Ball Corp's enterprise value is $21,728 Mil. Ball Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $677 Mil. Therefore, Ball Corp's EV/EBIT ratio for today is 32.10.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Ball Corp's enterprise value is $21,728 Mil. Ball Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Mar. 2017 was $1,204 Mil. Therefore, Ball Corp's EV/EBITDA ratio for today is 18.05.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, Ball Corp's enterprise value is $21,728 Mil. Ball Corp's revenue for the trailing twelve months (TTM) ended in Mar. 2017 was $9,779 Mil. Therefore, Ball Corp's EV/Revenue ratio for today is 2.22.


Definition

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

Ball Corp's Enterprise Value for the fiscal year that ended in Dec. 2016 is calculated as

Enterprise Value (A: Dec. 2016 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=12121.06536+0+7310
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+222+106-597
=19,162

Ball Corp's Enterprise Value for the quarter that ended in Mar. 2017 is calculated as

Enterprise Value (Q: Mar. 2017 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=13290.08942+0+7476
+Current Portion of Long-Term Debt+Minority Interest-Cash and Cash Equivalents
+497+104-458
=20,909

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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/EBIT ratio is calculated as enterprise value divided by its EBIT.

Ball Corp's EV/EBIT for today is

Ball Corp's current Enterprise Value is $21,728 Mil.
Ball Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 232 (Jun. 2016 ) + 114 (Sep. 2016 ) + 179 (Dec. 2016 ) + 152 (Mar. 2017 ) = $677 Mil.

2. EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA.

Ball Corp's EV/EBITDA for today is:

Ball Corp's current Enterprise Value is $21,728 Mil.
Ball Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2017 was 310 (Jun. 2016 ) + 261 (Sep. 2016 ) + 333 (Dec. 2016 ) + 300 (Mar. 2017 ) = $1,204 Mil.

3. EV/Revenue ratio is calculated as enterprise value divided by its Revenue.

Ball Corp's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=21728.420/9779
=2.22

Ball Corp's current Enterprise Value is $21,728 Mil.
Ball Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2017 was 2030 (Jun. 2016 ) + 2815 (Sep. 2016 ) + 2461 (Dec. 2016 ) + 2473 (Mar. 2017 ) = $9,779 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Market Cap, Preferred Stock, Long-Term Debt & Capital Lease Obligation, Cash and Cash Equivalents, Current Portion of Long-Term Debt


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Ball Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev 6,8326,1237,2008,9429,15910,38211,08912,89515,09219,162

Ball Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev 12,78113,44613,16811,88915,05815,71415,56322,12320,36820,909
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