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GuruFocus has detected 5 Warning Signs with Mackinac Financial Corp $MFNC.
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Mackinac Financial Corp (NAS:MFNC)
EV-to-EBITDA
10.09 (As of Today)

EV/EBITDA ratio is calculated as enterprise value divided by its EBITDA. As of today, Mackinac Financial Corp's enterprise value is $98.55 Mil. Mackinac Financial Corp's earnings before depreciation and amortization for the trailing twelve months (TTM) ended in Mar. 2017 was $9.76 Mil. Therefore, Mackinac Financial Corp's EV/EBITDA ratio for today is 10.09.

MFNC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -20.6   Max: 1244.5
Current: 10.1

-20.6
1244.5

During the past 13 years, the highest EV/EBITDA Ratio of Mackinac Financial Corp was 1244.50. The lowest was -20.60. And the median was 10.60.

MFNC's EV-to-EBITDA is ranked lower than
51% of the 1685 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.29 vs. MFNC: 10.10 )

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

As of today, Mackinac Financial Corp's stock price is $13.80. Mackinac Financial Corp's earnings per share for the trailing twelve months (TTM) ended in Mar. 2017 was $0.81. Therefore, Mackinac Financial Corp's P/E Ratio for today is 17.04.

The "classic" EV/EBITDA ratio is much better in capturing debt and net cash than the P/E Ratio.


Definition

Mackinac Financial Corp's EV/EBITDA for today is calculated as:

EV/EBITDA=Enterprise Value (Today)/Earnings Before Depreciation and Amortization (TTM)
=98.546/9.762
=10.09

Mackinac Financial Corp's current Enterprise Value is $98.55 Mil.
Mackinac Financial Corp's Earnings Before Depreciation and Amortization for the trailing twelve months (TTM) ended in Mar. 2017 was 0.279 (Jun. 2016 ) + 3.211 (Sep. 2016 ) + 3.085 (Dec. 2016 ) + 3.187 (Mar. 2017 ) = $9.76 Mil.

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


Explanation

EV/EBITDA (Enterprise value/EBITDA) is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the P/E Ratio to determine the fair market value of a company.

Mackinac Financial Corp's P/E Ratio for today is calculated as:

P/E Ratio=Share Price (Today)/Earnings Per Share (TTM)
=13.80/0.81
=17.04

Mackinac Financial Corp's share price for today is $13.80.
Mackinac Financial Corp's Earnings Per Share for the trailing twelve months (TTM) ended in Mar. 2017 was -0.02 (Jun. 2016 ) + 0.28 (Sep. 2016 ) + 0.27 (Dec. 2016 ) + 0.28 (Mar. 2017 ) = $0.81.

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

Study has found that the companies with the lowest EV/EBITDA outperforms companies measured as cheap by other ratios such as P/E Ratio.

Please read Which price ratio outperforms the enterprise multiple?


Related Terms

Enterprise Value, Earnings Before Depreciation and Amortization, P/E Ratio


Historical Data

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

Mackinac Financial Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebitda 16.699.807.80-17.159.587.7010.3622.259.0810.73

Mackinac Financial Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebitda 22.2516.7313.8211.299.089.4913.8710.1010.7310.04
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