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, Federated Hermes's Enterprise Value is $2,628 Mil.
Federated Hermes's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 was $449 Mil. Therefore, Federated Hermes's EV-to-EBIT ratio for today is 5.86.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Federated Hermes's Enterprise Value is $2,628 Mil.
Federated Hermes's EBITDA for the trailing twelve months (TTM) ended in Dec. 2020 was $477 Mil. Therefore, Federated Hermes's EV-to-EBITDA ratio for today is 5.51.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Federated Hermes's Enterprise Value is $2,628 Mil.
Federated Hermes's Revenue for the trailing twelve months (TTM) ended in Dec. 2020 was $1,448 Mil. Therefore, Federated Hermes's EV-to-Revenue ratio for today is 1.81.
Federated Hermes Enterprise Value 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.
Federated Hermes Annual Data
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Enterprise Value
2,775.59
3,448.47
2,621.07
3,176.60
2,559.54
Federated Hermes Quarterly Data
Mar16
Jun16
Sep16
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Enterprise Value
3,176.60
1,861.52
2,211.88
1,913.47
2,532.93
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.
Federated Hermes Enterprise Value Distribution
* The bar in red indicates where Federated Hermes's Enterprise Value falls into.
Federated Hermes 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.
Federated Hermes's Enterprise Value for the fiscal year that ended in Dec. 2020 is calculated as
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Federated Hermes (NYSE:FHI) 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.
Federated Hermes's current Enterprise Value is $2,628 Mil.
Federated Hermes's EBIT for the trailing twelve months (TTM) ended in Dec. 2020 was 86.638 (Mar. 2020 ) + 112.068 (Jun. 2020 ) + 120.106 (Sep. 2020 ) + 129.922 (Dec. 2020 ) = $449 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Federated Hermes's current Enterprise Value is $2,628 Mil.
Federated Hermes's EBITDA for the trailing twelve months (TTM) ended in Dec. 2020 was 93.545 (Mar. 2020 ) + 119.249 (Jun. 2020 ) + 127.359 (Sep. 2020 ) + 137.144 (Dec. 2020 ) = $477 Mil.
Federated Hermes's current Enterprise Value is $2,628 Mil.
Federated Hermes's EBITDA for the trailing twelve months (TTM) ended in Dec. 2020 was 359.183 (Mar. 2020 ) + 360.712 (Jun. 2020 ) + 364.455 (Sep. 2020 ) + 363.918 (Dec. 2020 ) = $1,448 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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