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China Merchants Commercial�REIT (HKSE:01503) Enterprise Value : HK$4,299.7 Mil (As of Apr. 28, 2024)


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What is China Merchants Commercial�REIT 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. As of today, China Merchants Commercial�REIT's Enterprise Value is HK$4,299.7 Mil. China Merchants Commercial�REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-43.7 Mil. Therefore, China Merchants Commercial�REIT's EV-to-EBIT ratio for today is -98.30.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, China Merchants Commercial�REIT's Enterprise Value is HK$4,299.7 Mil. China Merchants Commercial�REIT's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-43.7 Mil. Therefore, China Merchants Commercial�REIT's EV-to-EBITDA ratio for today is -98.30.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, China Merchants Commercial�REIT's Enterprise Value is HK$4,299.7 Mil. China Merchants Commercial�REIT's Revenue for the trailing twelve months (TTM) ended in Jun. 2023 was HK$535.0 Mil. Therefore, China Merchants Commercial�REIT's EV-to-Revenue ratio for today is 8.04.


China Merchants Commercial�REIT Enterprise Value Historical Data

The historical data trend for China Merchants Commercial�REIT'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.

China Merchants Commercial�REIT Enterprise Value Chart

China Merchants Commercial�REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial 4,229.96 4,574.17 4,750.66 5,868.12 6,338.45

China Merchants Commercial�REIT Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,750.66 6,375.07 5,868.12 6,854.34 6,338.45

Competitive Comparison of China Merchants Commercial�REIT's Enterprise Value

For the REIT - Office subindustry, China Merchants Commercial�REIT'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.


China Merchants Commercial�REIT's Enterprise Value Distribution in the REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial�REIT's Enterprise Value distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial�REIT's Enterprise Value falls into.



China Merchants Commercial�REIT 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.

China Merchants Commercial�REIT's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

China Merchants Commercial�REIT's Enterprise Value for the quarter that ended in Jun. 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.


China Merchants Commercial�REIT  (HKSE:01503) 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.

China Merchants Commercial�REIT's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=4299.689/-43.74
=-98.30

China Merchants Commercial�REIT's current Enterprise Value is HK$4,299.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Merchants Commercial�REIT's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-43.7 Mil.

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

China Merchants Commercial�REIT's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=4299.689/-43.74
=-98.30

China Merchants Commercial�REIT's current Enterprise Value is HK$4,299.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Merchants Commercial�REIT's EBITDA for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-43.7 Mil.

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

China Merchants Commercial�REIT's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=4299.689/535.032
=8.04

China Merchants Commercial�REIT's current Enterprise Value is HK$4,299.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Merchants Commercial�REIT's Revenue for the trailing twelve months (TTM) ended in Jun. 2023 was HK$535.0 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.


China Merchants Commercial�REIT Enterprise Value Related Terms

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China Merchants Commercial�REIT (HKSE:01503) Business Description

Traded in Other Exchanges
N/A
Address
China Merchants Tower, Shun Tak Centre, Room 2603-2606, 26th Floor, Connaught Road Central, Hong Kong, HKG, 168-200
China Merchants Commercial REIT and its subsidiaries are engaged in property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre and Technology Building 2 among others.

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