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GuruFocus has detected 6 Warning Signs with Symantec Corp $SYMC.
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Symantec Corp (NAS:SYMC)
Enterprise Value
$22,898 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, cash equivalents, and marketable securities.

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Symantec Corp's enterprise value is $22,898 Mil. Symantec Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was $-54 Mil. Therefore, Symantec Corp's EV/EBIT ratio for today is -424.03.

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Symantec Corp's enterprise value is $22,898 Mil. Symantec Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Mar. 2017 was $476 Mil. Therefore, Symantec Corp's EV/EBITDA ratio for today is 48.10.

EV/Revenue ratio is calculated as enterprise value divided by its Revenue. As of today, Symantec Corp's enterprise value is $22,898 Mil. Symantec Corp's revenue for the trailing twelve months (TTM) ended in Mar. 2017 was $4,019 Mil. Therefore, Symantec Corp's EV/Revenue ratio for today is 5.70.


Definition

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

Symantec Corp's Enterprise Value for the fiscal year that ended in Mar. 2017 is calculated as

Enterprise Value (A: Mar. 2017 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=18550.0484+0+6876
+Current Portion of Long-Term Debt+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+1310+0-4247
=22,489

Symantec Corp's Enterprise Value for the quarter that ended in Mar. 2017 is calculated as

Enterprise Value (Q: Mar. 2017 )
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=18550.0484+0+6876
+Current Portion of Long-Term Debt+Minority Interest-Cash, Cash Equivalents, Marketable Securities
+1310+0-4247
=22,489

* 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 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/EBIT ratio is calculated as enterprise value divided by its EBIT.

Symantec Corp's EV/EBIT for today is

Symantec Corp's current Enterprise Value is $22,898 Mil.
Symantec Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2017 was 124 (Jun. 2016 ) + 2 (Sep. 2016 ) + -6 (Dec. 2016 ) + -174 (Mar. 2017 ) = $-54 Mil.

2. EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA.

Symantec Corp's EV/EBITDA for today is:

Symantec Corp's current Enterprise Value is $22,898 Mil.
Symantec Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2017 was 196 (Jun. 2016 ) + 135 (Sep. 2016 ) + 145 (Dec. 2016 ) + 0 (Mar. 2017 ) = $476 Mil.

3. EV/Revenue ratio is calculated as enterprise value divided by its Revenue.

Symantec Corp's EV/Revenue for today is:

EV/Revenue ratio=Enterprise Value (Today)/Revenue (TTM)
=22897.850/4019
=5.70

Symantec Corp's current Enterprise Value is $22,898 Mil.
Symantec Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2017 was 884 (Jun. 2016 ) + 979 (Sep. 2016 ) + 1041 (Dec. 2016 ) + 1115 (Mar. 2017 ) = $4,019 Mil.

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


Related Terms

Market Cap, Preferred Stock, Long-Term Debt & Capital Lease Obligation, Cash, Cash Equivalents, Marketable Securities, Current Portion of Long-Term Debt


Historical Data

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

Symantec Corp Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
ev 13,82412,03912,47713,85312,44515,57111,89014,1838,30022,489

Symantec Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev 16,06414,22114,03211,70413,7517,4789,73017,20316,34022,489
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