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, Heritage Global's Enterprise Value is $89.82 Mil.
Heritage Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $14.32 Mil. Therefore, Heritage Global's EV-to-EBIT ratio for today is 6.27.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Heritage Global's Enterprise Value is $89.82 Mil.
Heritage Global's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $14.83 Mil. Therefore, Heritage Global's EV-to-EBITDA ratio for today is 6.06.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Heritage Global's Enterprise Value is $89.82 Mil.
Heritage Global's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $60.55 Mil. Therefore, Heritage Global's EV-to-Revenue ratio for today is 1.48.
Heritage Global Enterprise Value Historical Data
The historical data trend for Heritage Global'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 Heritage Global's Enterprise Value
For the Capital Markets subindustry, Heritage Global'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.
Heritage Global's Enterprise Value Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Heritage Global's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Heritage Global's Enterprise Value falls into.
Heritage Global 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.
Heritage Global'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.
Heritage Global (NAS:HGBL) 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.
Heritage Global's current Enterprise Value is $89.82 Mil.
Heritage Global's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.32 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Heritage Global's current Enterprise Value is $89.82 Mil.
Heritage Global's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $14.83 Mil.
Heritage Global's current Enterprise Value is $89.82 Mil.
Heritage Global's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $60.55 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.
Heritage Global Enterprise Value Related Terms
Thank you for viewing the detailed overview of Heritage Global's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Heritage Global (Heritage Global) Business Description
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It aids in facilitating the economy by diverting useful industrial assets from landfills and operating a supply chain by overseeing the post-sale account activity of financial assets. The group operates in four segments namely Auction and Liquidation; Refurbishment and Resale; Brokerage and Specialty Lending. It generates maximum revenue from the Auction and Liquidation segment. The Auction and Liquidation segment, through HGP, operates as a global full-service auction, appraisal, and asset advisory firm, including the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment.
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