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, China Eastern Airlines's Enterprise Value is ¥258,875 Mil.
China Eastern Airlines's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-4,579 Mil. Therefore, China Eastern Airlines's EV-to-EBIT ratio for today is -56.54.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, China Eastern Airlines's Enterprise Value is ¥258,875 Mil.
China Eastern Airlines's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-4,579 Mil. Therefore, China Eastern Airlines's EV-to-EBITDA ratio for today is -56.54.
China Eastern Airlines Enterprise Value Historical Data
The historical data trend for China Eastern Airlines'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 China Eastern Airlines's Enterprise Value
For the Airlines subindustry, China Eastern Airlines'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.
China Eastern Airlines's Enterprise Value Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, China Eastern Airlines's Enterprise Value distribution charts can be found below:
* The bar in red indicates where China Eastern Airlines's Enterprise Value falls into.
China Eastern Airlines 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.
China Eastern Airlines'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.
China Eastern Airlines (SHSE:600115) 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.
China Eastern Airlines's current Enterprise Value is ¥258,875 Mil.
China Eastern Airlines's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-4,579 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
China Eastern Airlines's EV-to-EBITDA for today is:
China Eastern Airlines's current Enterprise Value is ¥258,875 Mil.
China Eastern Airlines's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-4,579 Mil.
China Eastern Airlines's current Enterprise Value is ¥258,875 Mil.
China Eastern Airlines's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥124,650 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.
China Eastern Airlines Enterprise Value Related Terms
Thank you for viewing the detailed overview of China Eastern Airlines's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
China Eastern Airlines (SHSE:600115) Business Description
China Eastern Airlines is based in Shanghai and is one of the three largest state-owned airlines in China. The group operated a fleet of 778 aircraft as of 2022 and carried more than 130 million passengers in prepandemic 2019. It runs a hub-and-spoke model under which it gathers and distributes passengers from air hubs like Shanghai, Beijing, Xi'an, and Kunming. The group's route network extends to over 220 destinations and 40 countries and regions.
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