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, International Speedway's Enterprise Value is $1,074.1 Mil.
International Speedway's EBIT for the trailing twelve months (TTM) ended in Aug. 2019 was $114.1 Mil. Therefore, International Speedway's EV-to-EBIT ratio for today is 9.42.
International Speedway Enterprise Value Historical Data
The historical data trend for International Speedway'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 International Speedway's Enterprise Value
For the Leisure subindustry, International Speedway'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.
International Speedway's Enterprise Value Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, International Speedway's Enterprise Value distribution charts can be found below:
* The bar in red indicates where International Speedway's Enterprise Value falls into.
International Speedway 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.
International Speedway's Enterprise Value for the fiscal year that ended in Nov. 2018 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.
International Speedway (NAS:ISCA) 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.
International Speedway's current Enterprise Value is $1,074.1 Mil.
International Speedway's EBIT for the trailing twelve months (TTM) ended in Aug. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $114.1 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
International Speedway's EV-to-EBITDA for today is:
International Speedway's current Enterprise Value is $1,074.1 Mil.
International Speedway's EBITDA for the trailing twelve months (TTM) ended in Aug. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $227.7 Mil.
International Speedway's current Enterprise Value is $1,074.1 Mil.
International Speedway's Revenue for the trailing twelve months (TTM) ended in Aug. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $678.9 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.
International Speedway Enterprise Value Related Terms
Thank you for viewing the detailed overview of International Speedway's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
International Speedway (International Speedway) Business Description
International Speedway operates 13 motorsports stadiums that host more than 100 motorsports events during the racing season, including the famed Daytona 500 and Talladega Superspeedway races. The company has built a casino at its Kansas Speedway in a joint venture with Penn National Gaming. International Speedway is majority-owned by the France family, which also owns privately held NASCAR. About 70% of revenue comes from the motorsports segment, which includes lucrative broadcasting rights.
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