BNY Mellon High Yield Strategies Fund (BNY Mellon High Yield Strategies Fund) Enterprise Value : $249.53 Mil (As of May. 15, 2024)

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What is BNY Mellon High Yield Strategies Fund Enterprise Value?

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. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, BNY Mellon High Yield Strategies Fund's Enterprise Value is $249.53 Mil. BNY Mellon High Yield Strategies Fund's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was $23.21 Mil. Therefore, BNY Mellon High Yield Strategies Fund's EV-to-Revenue ratio for today is 10.75.

BNY Mellon High Yield Strategies Fund Enterprise Value Historical Data

The historical data trend for BNY Mellon High Yield Strategies Fund'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.

* Premium members only.

BNY Mellon High Yield Strategies Fund Enterprise Value Chart

BNY Mellon High Yield Strategies Fund Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Enterprise Value

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333.70

247.78

321.09

298.39

235.26

BNY Mellon High Yield Strategies Fund Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Enterprise Value	Get a 7-Day Free Trial								329.42	298.39	230.70	235.26	233.53

Competitive Comparison of BNY Mellon High Yield Strategies Fund's Enterprise Value

For the Asset Management subindustry, BNY Mellon High Yield Strategies Fund'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.

BNY Mellon High Yield Strategies Fund's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BNY Mellon High Yield Strategies Fund's Enterprise Value distribution charts can be found below:

* The bar in red indicates where BNY Mellon High Yield Strategies Fund's Enterprise Value falls into.

BNY Mellon High Yield Strategies Fund 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.

BNY Mellon High Yield Strategies Fund's Enterprise Value for the fiscal year that ended in Mar. 2023 is calculated as

	Enterprise Value (A: Mar. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	157.838205	+	0	+	79
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	1.583
=	235.26

BNY Mellon High Yield Strategies Fund's Enterprise Value for the quarter that ended in Sep. 2023 is calculated as

	Enterprise Value (Q: Sep. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	155.65611	+	0	+	79
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Balance Sheet Cash And Cash Equivalents
+	0	+	0	-	1.126
=	233.53

BNY Mellon High Yield Strategies Fund (NYSE:DHF) 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-Revenue is calculated as Enterprise Value divided by its Revenue.

BNY Mellon High Yield Strategies Fund's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	249.532	/	23.213
	=	10.75

BNY Mellon High Yield Strategies Fund's current Enterprise Value is $249.53 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. BNY Mellon High Yield Strategies Fund's Revenue for the trailing twelve months (TTM) ended in Sep. 2023 was $23.21 Mil.

BNY Mellon High Yield Strategies Fund Enterprise Value Related Terms

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BNY Mellon High Yield Strategies Fund (BNY Mellon High Yield Strategies Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » BNY Mellon High Yield Strategies Fund (NYSE:DHF) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 Greenwich Street, New York, NY, USA, 10286

Website

https://www.bnymellonim.com

BNY Mellon High Yield Strategies Fund is a diversified, closed-end management investment company. The fund's primary investment objective is to seek high current income and its secondary objective is capital appreciation. It invests primarily in fixed-income securities of below-investment-grade credit quality.

Executives

Irene Papadoulis	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Bushra Mannan	other: Director of BNYMIA (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Ping Jiang	other: Dir. of Invest. Oversight (1)	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Bradley J Skapyak	director	200 PARK AVENUE, NEW YORK NY 10166
Kevin L. Cronk	other: Portfolio Manager	200 PARK AVENUE, NEW YORK NY 10166
Joseph Martella	officer: VP	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10288
Daniel Goldstein	officer: VP	240 GREENWICH STREET, NEW YORK NY 10286
Robert J. Pomeroy	officer: VP; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
John Squillace	other: CCO; Investment Adviser	240 GREENWICH STREET, NEW YORK NY 10286
Gregory Pasquale	other: CFO; Investment Adviser	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Joseph S Dimartino	director	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Kenneth J. Bradle	other: Director of Advisor	240 GREENWICH STREET, NEW YORK NY 10286
Leland Hart	other: Portfolio Manager	200 PARK AVENUE, NEW YORK NY 10116
Amanda Quinn	officer: VP and Asst Secretary	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Chris E Barris	other: Portfolio Manager	200 PARK AVENUE, NEW YORK NY 10166