The industry is also caught in a web of inter-enterprise debt: it owes 7 billion hryvnyas to its workers and suppliers, and is in turn owed 3 billion hryvnyas by its customers, mostly power stations.
Yet its enterprise valuation (debt plus market value of common) is only 3.8 times operating income (earnings before depreciation, interest and taxes).
Its enterprise valuation (debt plus market value of common) is only 3.8 times operating income (defined as earnings before depreciation, interest and taxes).
The 10 below have the most equity (enterprise value less debt) in their sports teams based on their ownership stakes in their MLB, NBA, NFL and NHL teams.
FORBES: The 10 Most Valuable Investments In U.S. Sports Teams
The team's percentage of debt to enterprise value of 81% is the third-highest of the majors' 30 teams.
The added cash enabled the Rockies to reduce their ratio of debt to enterprise value to 19%, down from 35% when Monfort took over.
This family business is run by a benign patriarch (Gregory Peck), who is meant to embody the old-fashioned values of American free enterprise: he hates debt, cares about his workers, and wears cardigan sweaters around the office.
Our team valuations are enterprise values (equity plus debt) and are calculated using multiples of revenue.
FORBES: Baseball Team Valuations 2013: Yankees On Top At $2.3 Billion
It's too soon for Disney--no earnings recovery around the corner--but Fox Entertainment (27, FOX) is a buy with enterprise value (equity plus debt) at 11 times operating income (net before depreciation, interest and taxes).
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.
The big brewers carry debt-to-enterprise values of 39% (Molson Coors), 47% (Anheuser) and 57% (Constellation).
This phone company's enterprise multiple (market value plus debt minus cash, divided by Ebitda) is 9.
Its enterprise value (market cap plus debt minus cash) is 7.5 times operating income (Ebitda, that is).
That is the ratio of enterprise value (market value plus debt less cash) to operating earnings (Ebitda).
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.
Investors know of course that lower revenue and more working capital in the months ahead equates to a lower enterprise value (equity plus net debt).
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.
Russell Croft, managers of the Croft Value and Croft Income funds, combine low earnings multiples with other indicators, such as cash flow, book value and debt-to-enterprise value.
The average debt-to-enterprise value for an NBA team is 39%.
And the underappreciated jewel is BCE, which not only has the most sustainable dividends but also is the least leveraged (41% debt-to-enterprise) of all five of these telecom outfits.
For the soon-to-merge German utilities Viag and Veba, both of which trade at an enterprise value (market cap plus debt) of less than six times operating income, government threats to shut down nuclear plants are enough to scare away investors--both financial and strategic--no matter how cheap the stocks.
The enterprise value multiple (market cap plus debt, divided by operating income) is a cheap 4.9.
The latter is defined as enterprise value (market value plus net debt) divided by earnings before interest, taxes, depreciation and amortization.
Over the past few years, as Dell has acquired companies for its enterprise solutions business, it has taken on debt that is comparatively massive for a tech company.
Google's enterprise multiple, the ratio of market cap plus debt to operating earnings (Ebitda, that is), is 33, compared with an industry average of 18 (where Yahoo is).
Selling for a ratio of six times enterprise value (market cap plus long-term debt) to EBITDA cash flow (earnings before interest, taxes, depreciation and amortization), Cemex looks cheap.
The higher the earnings yield defined as pretax operating profit divided by enterprise value, or the sum of stock and debt the more attractive the stock is from a valuation standpoint.
When I am measuring the true indebtedness of an enterprise, I like looking at liabilities as a percentage of oversimplified enterprise value even more than I like looking at debt to equity ratios.
FORBES: Five Stocks Killing the S&P 500: the Joys, and Profits, of Investing in Debt-Free Companies
Crew is a Wall Street darling, as you can see in its high enterprise multiple, defined as the ratio of enterprise value (market value of common, plus debt, minus cash) to Ebitda (earnings before interest, taxes, depreciation and amortization).
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