PSAV (PSAV) Preferred Stock: $0.00 Mil (As of Mar. 2016)


What is PSAV Preferred Stock?

PSAV PSAV Preferred Stock is $0.00 Mil as of Mar. 2016.

Preferred stock is a special equity security that has properties of both equity and debt. PSAV's preferred stock for the quarter that ended in Mar. 2016 was $0.00 Mil.

The market value of preferred stock needs to be added to the market value of common stocks in the calculation of Enterprise Value. PSAV's Enterprise Value for the quarter that ended in Mar. 2016 was $832.90 Mil.

In the calculation of book value, the par value of preferred stocks needs to subtracted from total equity. PSAV's Book Value per Share for the quarter that ended in Mar. 2016 was $1.21.

Dividends paid to preferred stocks need to be subtracted from net income in the calculation of Earnings per Share (Diluted). PSAV's Earnings per Share (Diluted) for the three months ended in Mar. 2016 was $0.13.

PSAV  (NYSE:PSAV) Preferred Stock Explanation

When a company needs capital but does not wish to issue debt, they may sell preferred stocks to investors.

For instance, during the financial crisis of 2008, Goldman Sachs (GS) issued a combination of preferred stock and common stock options for $5 billion of capital to Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B). In this deal, Berkshire Hathaway paid $5 billion for 10% cumulative perpetual preferred stock and warrants to buy 43.5 million shares of Goldman Sachs at $115 a share. Goldman Sachs bought back the preferred in 2010. Guess how much money Warren Buffett made in this deal in two years? Read How Much Did Warren Buffett’s Berkshire Hathaway (BRK.B) Make on Its Goldman Sachs (GS) Preferred Stock?

1. The market value of Preferred Stocks needs to be added to the market value of common stocks in the calculation of enterprise value.

PSAV's Enterprise Value for the quarter that ended in Mar. 2016 is calculated as

Enterprise Value
=Market Cap+Preferred Stock+Long-Term Debt & Capital Lease Obligation+Short-Term Debt & Capital Lease Obligation+Minority Interest
=0+0+855.571+7.218+0
-Cash, Cash Equivalents, Marketable Securities
-29.892
=832.90

2. In the calculation of Book Value, the par value of Preferred Stocks needs to subtracted from total equity.

PSAV's Book Value per Share for the quarter that ended in Mar. 2016 is calculated as

Book Value per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (Diluted Average)
=(86.736-0)/71.490
=1.21

3. Dividends paid to Preferred Stocks need to be subtracted from net income in the calculation of earnings per share.

PSAV's Earnings per Share (Diluted) (EPS) for the three months ended in Mar. 2016 is calculated as

Earnings per Share (Diluted)=(Net Income-Preferred Dividends)/Shares Outstanding (Diluted Average)
=(6.946-0)/54.218
=0.13

* 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.

PSAV Preferred Stock Related Terms

PSAV Preferred Stock Historical Data

* Premium members only.

The historical data trend for PSAV's Preferred Stock 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.

PSAV Preferred Stock Chart

PSAV Annual Data
Trend Dec12 Dec13 Dec14 Dec15
Preferred Stock
0.00 0.00 0.00 0.00

PSAV Quarterly Data
Dec12 Dec13 Mar15 Jun15 Sep15 Dec15 Mar16
Preferred Stock Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

PSAV Preferred Stock Calculation

Preferred Stock is a special equity security that has properties of both equity and debt. It is generally considered a hybrid instrument. Preferred stock is senior to common stock, but is subordinate to bonds in terms of claim or rights to their share of the assets of the company.

Preferred stock has priority over common stock in the payment of dividends and any payments received when a company liquidates.

Preferred stock comes in many forms. It can be:


Convertible or Non-Convertible
Cumulative or Non-Cumulative
Voting or Non-Voting
Callable or Non-Callable
Maturity Date or No Maturity Date

A preferred stock without a maturity date is called a perpetual preferred stock. These are relatively rare. A good example of perpetual preferred stock is the many series of Public Storage (PSA) preferred shares that trade on the New York Stock Exchange.

Before investing in preferred stock, it is important to know which of the above groups the stock belongs to. Is it convertible or non-convertible? Are dividends cumulative or non-cumulative?

It is also critical that an investor knows what bonds the company has in front of the preferred stock. Bondholders get paid first. So the decision to buy a preferred stock can be similar to the decision to buy a bond. But, remember, the preferred stock of a company with bonds is junior to those bonds.

Unless a preferred stock is convertible, the upside in a preferred stock investment is more limited than in a common stock investment. If a company doubles its earnings, it is usually under no more obligation to double the dividends paid to preferred shareholders than it is to double the interest paid to its bankers and bondholders.So preferred stock is very different from common stock.

Frequently Asked Questions Learn more about Preferred Stock →
What does a Preferred Stock of $0.00 Mil mean?
PSAV (PSAV) has a Preferred Stock of $0.00 Mil as of Mar. 2016. Preferred Stock represents the par value of a company's preferred shares. View historical data on PSAV and its competitors.
Is PSAV's Preferred Stock too high?
PSAV's current Preferred Stock is $0.00 Mil.
How does PSAV's Preferred Stock compare to CRCO and ASKH?
PSAV's Preferred Stock of $0.00 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Preferred Stock for a Media - Diversified company?
A good Preferred Stock depends on the Media - Diversified industry context. However, Preferred Stock should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Preferred Stock mean?
A high Preferred Stock can signal that a stock is expensive relative to its fundamentals. Preferred Stock represents the par value of a company's preferred shares. View historical data on PSAV and its competitors. PSAV's current Preferred Stock is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSAV stock overvalued right now?
PSAV (PSAV) has a current Preferred Stock of $0.00 Mil. The current Preferred Stock is $0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Preferred Stock calculated?
Preferred Stock is calculated from a company's financial statements. For PSAV (PSAV), the current Preferred Stock is $0.00 Mil as of Mar. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PSAV Business Description

PSAV Inc was incorporated in Delaware on August 11, 2015. The Company along with its subsidiaries provides event technology services. The Company provides services including audiovisual services, equipment rental, staging and meeting services, communication systems, and related technical support to its customers in various venues, including hotels and convention centers. The Company's Video technology includes front and rear projection from large format HD high lumen projection to boardroom-style projectors, playback systems, image magnification, digital capture, cameras and display systems, including LED displays and video walls; Rigging Solutions include design and installation of permanently installed rig points in meeting venues, day-to-day deployment of rigging systems to safely transform meeting and event spaces for larger and more sophisticated set and lighting designs and certified trainers and inspectors; Wi-Fi Solutions include managing venues' entire network to provide customers secure and reliable wired and wireless solutions; Staging includes collections of custom screens and the ability to provide concert sound, broadcast quality projection, seasoned stage producers, and CAD drawing; Creative Services including Thematic creation, PowerPoint display, video creation, & stage sets; Mobile Device Applications tailored to the specific events that provide the schedule of events, maps, sponsors and detailed information on the host customer; Video Mapping / Simultaneous Translation; Virtual Meetings and Events; Event Consultation and Support, Power Distribution Solutions including streamlining of special event power distribution for event and production power across events, meeting rooms and trade shows; Audio including microphone and sound solutions with digital mixers, wireless microphones, networked audio and proprietary software to control live sound systems; and Lighting including speaker and stage lighting, intelligent lighting and decorative and theatrical lighting through gel lights and LED lights. The Company operates in two segments including Domestic and International. The Domestic segment provides services to customers throughout the United States and Puerto Rico; and is provider of event technology services at approximately over 1,000 hotel properties and other event venues. The International segment provides services to its customers in Canada, Mexico, the Caribbean, Europe and the Middle East, in addition to providing non-venue based services in Asia; and provides event technology services at approximately over 300 international hotel properties and other event venues. The Company's customers include corporations, event organizers, trade associations and meeting planners. The Company faces competition from Freeman Company.