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NGL Energy Partners LP  (NYSE:NGL) Enterprise Value: $4,514 Mil (As of Today)

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 and cash equivalents.

EV-to-EBIT is calculated as enterprise value divided by its EBIT. As of today, NGL Energy Partners LP's enterprise value is $4,514 Mil. NGL Energy Partners LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2017 was $-22 Mil. Therefore, NGL Energy Partners LP's EV/EBIT ratio for today is -206.49.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, NGL Energy Partners LP's enterprise value is $4,514 Mil. NGL Energy Partners LP's EBITDA for the trailing twelve months (TTM) ended in Sep. 2017 was $245 Mil. Therefore, NGL Energy Partners LP's EV/EBITDA ratio for today is 18.39.

EV-to-Revenue is calculated as enterprise value divided by its Revenue. As of today, NGL Energy Partners LP's enterprise value is $4,514 Mil. NGL Energy Partners LP's Revenue for the trailing twelve months (TTM) ended in Sep. 2017 was $14,960 Mil. Therefore, NGL Energy Partners LP's EV/Revenue ratio for today is 0.30.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

NGL Energy Partners LP Annual Data

Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,185.62 4,609.38 5,960.03 3,713.63 5,726.34

NGL Energy Partners LP Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5,097.31 5,543.32 5,726.34 4,557.60 4,416.50

Competitive Comparison
* 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.


Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

NGL Energy Partners LP's Enterprise Value for the fiscal year that ended in Mar. 2017 is calculated as

Enterprise Value (A: Mar. 2017 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=2718.78+0+2963.483
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+29.59+26.746-12.264
=5,726

NGL Energy Partners LP's Enterprise Value for the quarter that ended in Sep. 2017 is calculated as

Enterprise Value (Q: Sep. 2017 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=1391.8905+0+2993.461
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+42.373+7.181-18.407
=4,416

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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 (M) 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 (M), 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 (M). 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.

NGL Energy Partners LP's EV/EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=4514.432/-21.863
=-206.49

NGL Energy Partners LP's current Enterprise Value is $4,514 Mil.
NGL Energy Partners LP's EBIT for the trailing twelve months (TTM) ended in Sep. 2017 was 43.843 (Dec. 2016 ) + 71.551 (Mar. 2017 ) + -14.022 (Jun. 2017 ) + -123.235 (Sep. 2017 ) = $-22 Mil.

2. EV-to-EBITDA is calculated as enterprise value divided by its EBITDA.

NGL Energy Partners LP's EV/EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=4514.432/245.486
=18.39

NGL Energy Partners LP's current Enterprise Value is $4,514 Mil.
NGL Energy Partners LP's EBITDA for the trailing twelve months (TTM) ended in Sep. 2017 was 109.276 (Dec. 2016 ) + 135.78 (Mar. 2017 ) + 54.179 (Jun. 2017 ) + -53.749 (Sep. 2017 ) = $245 Mil.

3. EV-to-Revenue is calculated as enterprise value divided by its Revenue.

NGL Energy Partners LP's EV/Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=4514.432/14959.615
=0.30

NGL Energy Partners LP's current Enterprise Value is $4,514 Mil.
NGL Energy Partners LP's EBITDA for the trailing twelve months (TTM) ended in Sep. 2017 was 3406.641 (Dec. 2016 ) + 3848.079 (Mar. 2017 ) + 3781.566 (Jun. 2017 ) + 3923.329 (Sep. 2017 ) = $14,960 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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