John Hancock Hedged Equity &ome Fund (John Hancock Hedged Equity &ome Fund) Enterprise Value : $120.67 Mil (As of Apr. 28, 2024)

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What is John Hancock Hedged Equity &ome Fund 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. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, John Hancock Hedged Equity &ome Fund's Enterprise Value is $120.67 Mil. John Hancock Hedged Equity &ome Fund's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $12.70 Mil. Therefore, John Hancock Hedged Equity &ome Fund's EV-to-Revenue ratio for today is 9.50.

John Hancock Hedged Equity &ome Fund Enterprise Value Historical Data

The historical data trend for John Hancock Hedged Equity &ome Fund'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.

John Hancock Hedged Equity &ome Fund Enterprise Value Chart

John Hancock Hedged Equity &ome Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Enterprise Value

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181.64

139.59

158.57

140.52

122.01

John Hancock Hedged Equity &ome Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Enterprise Value	Get a 7-Day Free Trial								158.57	143.64	140.52	131.74	122.01

Competitive Comparison of John Hancock Hedged Equity &ome Fund's Enterprise Value

For the Asset Management subindustry, John Hancock Hedged Equity &ome Fund'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.

John Hancock Hedged Equity &ome Fund's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, John Hancock Hedged Equity &ome Fund's Enterprise Value distribution charts can be found below:

* The bar in red indicates where John Hancock Hedged Equity &ome Fund's Enterprise Value falls into.

John Hancock Hedged Equity &ome Fund 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.

John Hancock Hedged Equity &ome Fund's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

	Enterprise Value (A: Dec. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	122.11956	+	0	+	0
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0.113
=	122.01

John Hancock Hedged Equity &ome Fund's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

	Enterprise Value (Q: Dec. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	122.11956	+	0	+	0
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	0.113
=	122.01

John Hancock Hedged Equity &ome Fund (NYSE:HEQ) 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-Revenue is calculated as Enterprise Value divided by its Revenue.

John Hancock Hedged Equity &ome Fund's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	120.670	/	12.699
	=	9.50

John Hancock Hedged Equity &ome Fund's current Enterprise Value is $120.67 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. John Hancock Hedged Equity &ome Fund's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $12.70 Mil.

John Hancock Hedged Equity &ome Fund Enterprise Value Related Terms

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John Hancock Hedged Equity &ome Fund (John Hancock Hedged Equity &ome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » John Hancock Hedged Equity & Income Fund (NYSE:HEQ) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Berkeley Street, Boston, MA, USA, 02116

Website

https://www.jhinvestments.com

John Hancock Hedged Equity & Income Fund is a closed-end management investment company. Its investment objective is to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation. It invests in various sectors such as financials, consumer discretionary, information technology, energy, healthcare, materials, real estate, consumer staples, short-term investments, and others.

Executives

Dean Garfield	director	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Noni L Ellison	director	TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Andy Mcfetridge	officer: Director of the Adviser	200 BERKELEY STREET, BOSTON MA 02116
Kristie Feinberg	officer: President & CEO of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Lucinda M. Marrs	officer: Officer of Investment Adviser	280 CONGRESS STREET, BOSTON MA 02210
Jennifer N Berg	officer: Officer of Investment Adviser	280 CONGRESS STREET, BOSTON MA 02210
York Lo	officer: Vice President, Investments	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Kathryn Hayes	other: Filer and Employee of the Fund	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Patricia Lizarraga	director	C/O JOHN, 200 BERKELEY STREET, BOSTON MA 02116
Paul Lorentz	director	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Arthur Pigott	officer: VP of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Glen J Gibbons	officer: VP of the Adviser	C/O JOHN HANCOCK, 200 BERKELEY STREET, BOSTON MA 02116
Eunhak Bae	officer: Officer of Investment Adviser	280 CONGRESS STREET, BOSTON MA 02210
Gillian M Edgeworth	officer: Officer of Investment Adviser	280 CONGRESS STREET, BOSTON MA 02210
Daniel J Pozen	officer: Officer of Investment Adviser	280 CONGRESS STREET, BOSTON MA 02210