General Dynamics (FRA:GDX) Enterprise Value

: €61,904 Mil (As of Today)

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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, General Dynamics's Enterprise Value is €61,904 Mil. General Dynamics's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was €4,272 Mil. Therefore, General Dynamics's EV-to-EBIT ratio for today is 14.49.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, General Dynamics's Enterprise Value is €61,904 Mil. General Dynamics's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 was €5,132 Mil. Therefore, General Dynamics's EV-to-EBITDA ratio for today is 12.06.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, General Dynamics's Enterprise Value is €61,904 Mil. General Dynamics's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 was €38,240 Mil. Therefore, General Dynamics's EV-to-Revenue ratio for today is 1.62.

General Dynamics Enterprise Value Historical Data

The historical data trend for General Dynamics'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.

General Dynamics Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Enterprise Value

48,892.17

56,989.94

44,056.87

60,990.34

74,173.49

General Dynamics Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Enterprise Value																69,305.81	67,743.73	73,068.61	74,173.49	66,197.31

Competitive Comparison

For the Aerospace & Defense subindustry, General Dynamics'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.

Annual Data Quarterly Data

General Dynamics Enterprise Value Distribution

For the Aerospace & Defense industry and Industrials sector, General Dynamics's Enterprise Value distribution charts can be found below:

* The bar in red indicates where General Dynamics's Enterprise Value falls in comparison to its industry or sector. The grey bar indicates the Enterprise Value's extreme value range as defined by GuruFocus.

General Dynamics 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.

General Dynamics'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
=	63910.3219	+	0	+	9980.912
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	1454.704	+	0	-	1172.448
=	74,173

General Dynamics's Enterprise Value for the quarter that ended in Mar. 2023 is calculated as

	Enterprise Value (Q: Mar. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	56801.2688	+	0	+	9868.644
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	1430.888	+	0	-	1903.492
=	66,197

General Dynamics (FRA:GDX) 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.

General Dynamics's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	61904.109	/	4272.452
	=	14.49

General Dynamics's current Enterprise Value is €61,904 Mil.
General Dynamics's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €4,272 Mil.

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

General Dynamics's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	61904.109	/	5131.838
	=	12.06

General Dynamics's current Enterprise Value is €61,904 Mil.
General Dynamics's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,132 Mil.

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

General Dynamics's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	61904.109	/	38239.742
	=	1.62

General Dynamics's current Enterprise Value is €61,904 Mil.
General Dynamics's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €38,240 Mil.

General Dynamics Enterprise Value Related Terms

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General Dynamics (FRA:GDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » General Dynamics Corp (FRA:GDX) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

GD:USA GD:Mexico GDX:Germany GDBR34:Brazil GEDY:Austria

Address

11011 Sunset Hills Road, Reston, VA, USA, 20190

Website

https://www.gd.com

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, combat systems, marine, and technologies. General Dynamics' aerospace segment creates Gulfstream business jets. Combat system produces land-based combat vehicles, such as the M1 Abrams tank. The marine subsegment creates nuclear-powered submarines, among other things. The technologies segment contains two main units, an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computers, intelligence, surveillance, and reconnaissance capabilities to the military.