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. As of today, Cloud Music's Enterprise Value is HK$12,241 Mil.
Cloud Music's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$840 Mil. Therefore, Cloud Music's EV-to-EBIT ratio for today is 14.57.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Cloud Music's Enterprise Value is HK$12,241 Mil.
Cloud Music's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was HK$840 Mil. Therefore, Cloud Music's EV-to-EBITDA ratio for today is 14.57.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Cloud Music's Enterprise Value is HK$12,241 Mil.
Cloud Music's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8,605 Mil. Therefore, Cloud Music's EV-to-Revenue ratio for today is 1.42.
Cloud Music Enterprise Value Historical Data
The historical data trend for Cloud Music'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 Cloud Music's Enterprise Value
For the Internet Content & Information subindustry, Cloud Music'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.
Cloud Music's Enterprise Value Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Cloud Music's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Cloud Music's Enterprise Value falls into.
Cloud Music 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.
Cloud Music'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.
Cloud Music (HKSE:09899) 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-EBIT is calculated as Enterprise Value divided by its EBIT.
Cloud Music's current Enterprise Value is HK$12,241 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cloud Music's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$840 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Cloud Music's current Enterprise Value is HK$12,241 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cloud Music's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was HK$840 Mil.
Cloud Music's current Enterprise Value is HK$12,241 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Cloud Music's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8,605 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.
Cloud Music Enterprise Value Related Terms
Thank you for viewing the detailed overview of Cloud Music's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
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Cloud Music is the second largest online music service provider in China. It was founded in 2013 by NetEase, which currently holds around 58% of its equity stake and 90% of voting power. The business model of Cloud Music resembles that of its main competitor Tencent Music, as both provide music streaming services to their users with enhanced socializing features. In 2018, NetEase started to offer social entertainment services, including music live audio and video streaming, and online karaoke.
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