Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Air Canada's share price for the quarter that ended in Dec. 2023 was C$18.69. Air Canada's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 358 Mil. Therefore, Air Canada's market cap for the quarter that ended in Dec. 2023 was C$6,700 Mil.
Air Canada's quarterly market cap
declined
from Jun. 2023 (C$8,958 Mil) to Sep. 2023 (C$6,947 Mil) and
declined
from Sep. 2023 (C$6,947 Mil) to Dec. 2023 (C$6,700 Mil).
Air Canada's annual market cap
declined
from Dec. 2021 (C$7,561 Mil) to Dec. 2022 (C$6,949 Mil) and
declined
from Dec. 2022 (C$6,949 Mil) to Dec. 2023 (C$6,700 Mil).
Enterprise Value is 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. Air Canada's Enterprise Value for Today is C$12,488 Mil.
Air Canada Market Cap Historical Data
The historical data trend for Air Canada's Market Cap 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.
For the Airlines subindustry, Air Canada's Market Cap, along with its competitors' market caps and Market Cap 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.
Air Canada's Market Cap Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Air Canada's Market Cap distribution charts can be found below:
* The bar in red indicates where Air Canada's Market Cap falls into.
Air Canada Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Air Canada's Market Cap for the fiscal year that ended in Dec. 2023 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.
Air Canada (TSX:AC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Air Canada Market Cap Related Terms
Thank you for viewing the detailed overview of Air Canada's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Air Canada is Canada's largest airline, generally serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth freedom airline, similar to Gulf carriers, which flies many U.S. nationals on long-haul trips with a layover in Canada. In 2022, the company generated CAD 16.6 billion in total revenue, down from CAD 19 billion in 2019 as the airline is still recovering from the pandemic and related travel restrictions.
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