Skillz (NYSE:SKLZ) Enterprise Value

: $-8.9 Mil (As of Today)

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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, Skillz's Enterprise Value is $-8.9 Mil. Skillz's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $-307.1 Mil. Therefore, Skillz's EV-to-EBIT ratio for today is 0.03.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Skillz's Enterprise Value is $-8.9 Mil. Skillz's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 was $-294.1 Mil. Therefore, Skillz's EV-to-EBITDA ratio for today is 0.03.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Skillz's Enterprise Value is $-8.9 Mil. Skillz's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 was $220.7 Mil. Therefore, Skillz's EV-to-Revenue ratio for today is -0.04.

Skillz Enterprise Value Historical Data

The historical data trend for Skillz'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.

Skillz Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Enterprise Value

7,137.27

2,779.59

12.34

Skillz Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Enterprise Value											1,042.84	346.21	252.08	12.34	35.23

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, Skillz'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.

Annual Data Quarterly Data

Skillz Enterprise Value Distribution

For the Interactive Media industry and Communication Services sector, Skillz's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Skillz's Enterprise Value falls in comparison to its industry or sector. The grey bar indicates the Enterprise Value's extreme value range as defined by GuruFocus.

Skillz 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.

Skillz's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

	Enterprise Value (A: Dec. 2022 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	213.743	+	0	+	284.723
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	3.658	+	0	-	489.784
=	12.3

Skillz's Enterprise Value for the quarter that ended in Mar. 2023 is calculated as

	Enterprise Value (Q: Mar. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	250.9236	+	0	+	285.129
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	3.281	+	0	-	504.108
=	35.2

Skillz (NYSE:SKLZ) 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.

Skillz's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	-8.866	/	-307.089
	=	0.03

Skillz's current Enterprise Value is $-8.9 Mil.
Skillz's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-307.1 Mil.

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

Skillz's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	-8.866	/	-294.131
	=	0.03

Skillz's current Enterprise Value is $-8.9 Mil.
Skillz's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-294.1 Mil.

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

Skillz's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	-8.866	/	220.654
	=	-0.04

Skillz's current Enterprise Value is $-8.9 Mil.
Skillz's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $220.7 Mil.

Skillz Enterprise Value Related Terms

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Skillz (NYSE:SKLZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Skillz Inc (NYSE:SKLZ) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

SKLZ:Mexico

Address

P.O. Box 445, San francisco, CA, USA, 94104

Website

https://www.skillz.com

Skillz Inc is a mobile game development company. Its platform helps developers build multi-million dollar franchises by enabling social competition in their games.

Executives

Seth Schorr	director	PO BOX 445, SAN FRANCISCO CA 94104
Jason Roswig	officer: President & CFO	PO BOX 445, SAN FRANCISCO CA 94104
Henry M. Hoffman	director	PO BOX 445, SAN FRANCISCO CA 94104
Shari Glazer	director	PO BOX 445, SAN FRANCISCO CA 94104
Doris Fritz-bianchi	officer: Head of People	SKILLZ INC C/O CHARLOTTE EDELMAN, SAN FRANCISCO CA 94104
Vatsal Bhardwaj	officer: Chief Product Officer	SKILLZ INC C/O CHARLOTTE EDELMAN, SAN FRANCISCO CA 94104
Stanley Mbugua	officer: Chief Accounting Officer	SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Ian J Lee	officer: Chief Financial Officer	C/O SKILLZ INC., P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Christopher S Gaffney	director	C/O GREAT HILL PARTNERS, L.P., 200 CLARENDON STREET, 29TH FLOOR, BOSTON MA 02116
Jerome Leon Bruckheimer	director	PHILPOTT MEEKS, 10030 VENTURA BOULEVARD, SUITE 380, ENCINO CA 91436
Scott D Henry	officer: Chief Financial Officer	3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Kent Wakeford	director	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Vandana Mehta-krantz	director	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Miriam Aguirre	officer: Chief Technology Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
Favian Garcia	officer: Controller	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445