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, Zhongtai Futures Co's Enterprise Value is HK$-19,958 Mil.
Zhongtai Futures Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,353 Mil. Therefore, Zhongtai Futures Co's EV-to-Revenue ratio for today is -8.48.
Zhongtai Futures Co Enterprise Value Historical Data
The historical data trend for Zhongtai Futures Co'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.
Competitive Comparison of Zhongtai Futures Co's Enterprise Value
For the Capital Markets subindustry, Zhongtai Futures Co'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.
Zhongtai Futures Co's Enterprise Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zhongtai Futures Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Zhongtai Futures Co's Enterprise Value falls into.
Zhongtai Futures Co 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.
Zhongtai Futures Co's Enterprise Value 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.
Zhongtai Futures Co (HKSE:01461) 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.
Zhongtai Futures Co's current Enterprise Value is HK$-19,958 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Zhongtai Futures Co's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,353 Mil.
* 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.
Zhongtai Futures Co Enterprise Value Related Terms
Thank you for viewing the detailed overview of Zhongtai Futures Co's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhongtai Futures Co (HKSE:01461) Business Description
Zhongtai Futures Co Ltd is engaged in four segments; Brokerage business, Risk management business, Asset management business, and Other businesses. The business scopes of the Group cover commodity futures brokerage, financial futures brokerage, futures transaction consulting, asset management, bulk commodity futures and spot trading services, cooperative hedging, market-maker business, OTC derivatives business, information technology consulting services, and other business activities. The Group mainly operates in Shandong Province, the PRC.
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