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Twin Disc Inc  (NAS:TWIN) Enterprise Value: $318.2 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, Twin Disc Inc's enterprise value is $318.2 Mil. Twin Disc Inc's EBIT for the trailing twelve months (TTM) ended in Sep. 2017 was $-6.7 Mil. Therefore, Twin Disc Inc's EV/EBIT ratio for today is -47.17.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Twin Disc Inc's enterprise value is $318.2 Mil. Twin Disc Inc's EBITDA for the trailing twelve months (TTM) ended in Sep. 2017 was $-0.0 Mil. Therefore, Twin Disc Inc's EV/EBITDA ratio for today is -318,184.00.

EV-to-Revenue is calculated as enterprise value divided by its Revenue. As of today, Twin Disc Inc's enterprise value is $318.2 Mil. Twin Disc Inc's Revenue for the trailing twelve months (TTM) ended in Sep. 2017 was $177.4 Mil. Therefore, Twin Disc Inc's EV/Revenue ratio for today is 1.79.


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.

Twin Disc Inc Annual Data

Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 273.16 366.52 201.58 112.69 176.53

Twin Disc Inc 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 131.20 163.55 231.61 176.53 210.20

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.

Twin Disc Inc's Enterprise Value for the fiscal year that ended in Jun. 2017 is calculated as

Enterprise Value (A: Jun. 2017 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=185.9328+0+6.323
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+0+0.646-16.367
=176.5

Twin Disc Inc'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
=216.9375+0+8.244
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+0+0.481-15.461
=210.2

* 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.

Twin Disc Inc's EV/EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=318.184/-6.746
=-47.17

Twin Disc Inc's current Enterprise Value is $318.2 Mil.
Twin Disc Inc's EBIT for the trailing twelve months (TTM) ended in Sep. 2017 was -3.971 (Dec. 2016 ) + -3.306 (Mar. 2017 ) + 1.72 (Jun. 2017 ) + -1.189 (Sep. 2017 ) = $-6.7 Mil.

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

Twin Disc Inc's EV/EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=318.184/-0.000999999999999
=-318,184.00

Twin Disc Inc's current Enterprise Value is $318.2 Mil.
Twin Disc Inc's EBITDA for the trailing twelve months (TTM) ended in Sep. 2017 was -2.207 (Dec. 2016 ) + -1.618 (Mar. 2017 ) + 3.369 (Jun. 2017 ) + 0.455 (Sep. 2017 ) = $-0.0 Mil.

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

Twin Disc Inc's EV/Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=318.184/177.411
=1.79

Twin Disc Inc's current Enterprise Value is $318.2 Mil.
Twin Disc Inc's EBITDA for the trailing twelve months (TTM) ended in Sep. 2017 was 33.672 (Dec. 2016 ) + 45.084 (Mar. 2017 ) + 53.591 (Jun. 2017 ) + 45.064 (Sep. 2017 ) = $177.4 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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