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2 Cheap Cars Group (NZSE:2CC) Enterprise Value : NZ$42.40 Mil (As of Jun. 05, 2024)


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What is 2 Cheap Cars Group 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. As of today, 2 Cheap Cars Group's Enterprise Value is NZ$42.40 Mil. 2 Cheap Cars Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$9.06 Mil. Therefore, 2 Cheap Cars Group's EV-to-EBIT ratio for today is 4.68.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, 2 Cheap Cars Group's Enterprise Value is NZ$42.40 Mil. 2 Cheap Cars Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$13.72 Mil. Therefore, 2 Cheap Cars Group's EV-to-EBITDA ratio for today is 3.09.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, 2 Cheap Cars Group's Enterprise Value is NZ$42.40 Mil. 2 Cheap Cars Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$86.28 Mil. Therefore, 2 Cheap Cars Group's EV-to-Revenue ratio for today is 0.49.


2 Cheap Cars Group Enterprise Value Historical Data

The historical data trend for 2 Cheap Cars Group'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.

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2 Cheap Cars Group Enterprise Value Chart

2 Cheap Cars Group Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Enterprise Value
59.60 55.41 18.73 40.12

2 Cheap Cars Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Enterprise Value Get a 7-Day Free Trial 55.41 29.71 18.73 40.06 40.12

Competitive Comparison of 2 Cheap Cars Group's Enterprise Value

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.


2 Cheap Cars Group's Enterprise Value Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Enterprise Value distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Enterprise Value falls into.



2 Cheap Cars Group 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.

2 Cheap Cars Group's Enterprise Value for the fiscal year that ended in Mar. 2024 is calculated as

2 Cheap Cars Group's Enterprise Value for the quarter that ended in Mar. 2024 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.


2 Cheap Cars Group  (NZSE:2CC) 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.

2 Cheap Cars Group's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=42.399/9.062
=4.68

2 Cheap Cars Group's current Enterprise Value is NZ$42.40 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. 2 Cheap Cars Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$9.06 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

2 Cheap Cars Group's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=42.399/13.72
=3.09

2 Cheap Cars Group's current Enterprise Value is NZ$42.40 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. 2 Cheap Cars Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$13.72 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

2 Cheap Cars Group's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=42.399/86.281
=0.49

2 Cheap Cars Group's current Enterprise Value is NZ$42.40 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. 2 Cheap Cars Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was NZ$86.28 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.


2 Cheap Cars Group Enterprise Value Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Traded in Other Exchanges
N/A
Address
102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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