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, Ares Asia's Enterprise Value is HK$23.7 Mil.
Ares Asia's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-8.6 Mil. Therefore, Ares Asia's EV-to-EBIT ratio for today is -2.74.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ares Asia's Enterprise Value is HK$23.7 Mil.
Ares Asia's EBITDA for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-8.6 Mil. Therefore, Ares Asia's EV-to-EBITDA ratio for today is -2.74.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ares Asia's Enterprise Value is HK$23.7 Mil.
Ares Asia's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was HK$497.3 Mil. Therefore, Ares Asia's EV-to-Revenue ratio for today is 0.05.
Ares Asia Enterprise Value Historical Data
The historical data trend for Ares Asia'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.
Competitive Comparison of Ares Asia's Enterprise Value
For the Thermal Coal subindustry, Ares Asia'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.
Ares Asia's Enterprise Value Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Ares Asia's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Ares Asia's Enterprise Value falls into.
Ares Asia 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.
Ares Asia's Enterprise Value for the fiscal year that ended in Mar. 2023 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.
Ares Asia (HKSE:00645) 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.
Ares Asia's current Enterprise Value is HK$23.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ares Asia's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-8.6 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Ares Asia's current Enterprise Value is HK$23.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ares Asia's EBITDA for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-8.6 Mil.
Ares Asia's current Enterprise Value is HK$23.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ares Asia's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was HK$497.3 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.
Ares Asia Enterprise Value Related Terms
Thank you for viewing the detailed overview of Ares Asia's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.
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