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, Herc Holdings's Enterprise Value is $8,920 Mil.
Herc Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $690 Mil. Therefore, Herc Holdings's EV-to-EBIT ratio for today is 12.93.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Herc Holdings's Enterprise Value is $8,920 Mil.
Herc Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $1,456 Mil. Therefore, Herc Holdings's EV-to-EBITDA ratio for today is 6.13.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Herc Holdings's Enterprise Value is $8,920 Mil.
Herc Holdings's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $3,346 Mil. Therefore, Herc Holdings's EV-to-Revenue ratio for today is 2.67.
Herc Holdings Enterprise Value Historical Data
The historical data trend for Herc Holdings'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 Herc Holdings's Enterprise Value
For the Rental & Leasing Services subindustry, Herc Holdings'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.
Herc Holdings's Enterprise Value Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Herc Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Herc Holdings's Enterprise Value falls into.
Herc Holdings 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.
Herc Holdings'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.
Herc Holdings (NYSE:HRI) 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.
Herc Holdings's current Enterprise Value is $8,920 Mil.
Herc Holdings'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 $690 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Herc Holdings's current Enterprise Value is $8,920 Mil.
Herc Holdings'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 $1,456 Mil.
Herc Holdings's current Enterprise Value is $8,920 Mil.
Herc Holdings'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 $3,346 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.
Herc Holdings Enterprise Value Related Terms
Thank you for viewing the detailed overview of Herc Holdings's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Herc Holdings (Herc Holdings) Business Description
Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.2 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.
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