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, Speedway Motorsports's Enterprise Value is $808.1 Mil.
Speedway Motorsports's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 was $63.0 Mil. Therefore, Speedway Motorsports's EV-to-EBIT ratio for today is 12.83.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Speedway Motorsports's Enterprise Value is $808.1 Mil.
Speedway Motorsports's EBITDA for the trailing twelve months (TTM) ended in Jun. 2019 was $118.6 Mil. Therefore, Speedway Motorsports's EV-to-EBITDA ratio for today is 6.81.
Speedway Motorsports Enterprise Value Historical Data
The historical data trend for Speedway Motorsports'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 Speedway Motorsports's Enterprise Value
For the Leisure subindustry, Speedway Motorsports'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.
Speedway Motorsports's Enterprise Value Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Speedway Motorsports's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Speedway Motorsports's Enterprise Value falls into.
Speedway Motorsports 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.
Speedway Motorsports's Enterprise Value for the fiscal year that ended in Dec. 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.
Speedway Motorsports (NYSE:TRK) 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.
Speedway Motorsports's current Enterprise Value is $808.1 Mil.
Speedway Motorsports's EBIT for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $63.0 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Speedway Motorsports's current Enterprise Value is $808.1 Mil.
Speedway Motorsports's EBITDA for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $118.6 Mil.
Speedway Motorsports's current Enterprise Value is $808.1 Mil.
Speedway Motorsports's Revenue for the trailing twelve months (TTM) ended in Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $471.5 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.
Speedway Motorsports Enterprise Value Related Terms
Thank you for viewing the detailed overview of Speedway Motorsports's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Speedway Motorsports (Speedway Motorsports) Business Description
Speedway Motorsports Inc act as a promoter, marketer and sponsor of motorsports activities in the United States. The company also provides souvenir merchandising, including screen-printing and embroidery, as well as food, beverage, and hospitality catering services; and radio programming, production, and distribution services. It operates through motorsports event related segments. The motorsports event related segment includes admissions, event related, NASCAR broadcasting and event motorsports merchandising activities. Speedway generates most of the income from NASCAR broadcasting which include rights fees obtained for domestic television broadcasts of NASCAR-sanctioned events.
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