This is the ratio of enterprise value (market value of common stock, plus debt, minus cash) to operating income (earnings before interest, taxes, depreciation and amortization).
With a trailing multiple of enterprise value (market cap plus debt minus cash) to operating income of 14, giant Comcast is cheaper than its smaller, slower-growing peers.
And Mondelez will base its incentives on growth in organic revenue, operating income and cash flow.
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With enterprise value (stock plus debt minus cash) at just seven times operating income (in the sense of Ebitda), O-I is in line with another big packager, Crown Holdings (95% of it metal), and is cheaper than Ball Corp.
With enterprise value (stock plus debt minus cash) at just seven times operating income (in the sense of Ebitda), O-I is in line with another big packager, Crown Holdings (95% of it metal), and is cheaper than Ball Corp. (nyse: BLL - news - people ), whose enterprise multiple is nine.
Its enterprise value (market cap plus debt minus cash) is 7.5 times operating income (Ebitda, that is).
When operating cash flow is less than net income, there is something wrong with the cash cycle.
Superior Well's enterprise value (market value plus debt, minus cash) is 29 times its trailing operating income (earnings before interest, taxes and depreciation), also costly.
The company attributes the rise in net income and cash provided by operating activities to a 20% higher realized gold price, partly offset by lower byproduct metal prices when compared to the first quarter of 2011.
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Net losses (operating income less debt payments and non-cash charges such as depreciation) for the parent company were likely much greater than operating losses some years as the team was investing heavily in its regional sports channel, YES Network.
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In short, our team values are meant to reflect what a buyer would be willing to pay in an arms-length transaction and our operating income measures are meant to indicate how much cash is generated.
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Rising revenues are nice, but big gains in operating income (net income before depreciation, interest and taxes) and cash flow from operations are even better.
To supplement our consolidated financial statements, which statements are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP EPS, free cash flow, and non-GAAP international revenues.
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