The Motley Fool

AUGUST 3, 2024

It ended the quarter with leverage of 3 times. It defines leverage as net debt adjusted for equity credit in junior subordinated notes (hybrids) divided by adjusted EBITDA. This leverage is considered low in the midstream space given the strong cash flow these companies generate. The stock now has a forward yield of about 7.2%

Depreciation 130

Depreciation Leveraging Enterprise Values Amortization 130

The Motley Fool

MAY 21, 2024

times average enterprise value (EV) -to- EBITDA multiple between 2011 and 2016, while today most midstream stocks trade at under a 10 times multiple. EV/EBITDA tends to be the most used metric to value midstream companies, as it takes into consideration their debt positions and takes out non-cash expenses.

Leveraging 130

Leveraging Enterprise Values Debt Assets 130

The Motley Fool

JUNE 23, 2024

Meanwhile, the company ended the first quarter with 3 times leverage, which it defines as net debt adjusted for equity credit in junior subordinated notes (hybrids) divided by adjusted interest, taxes, depreciation, and amortization ( EBITDA ). This has come down from the over 4 times leverage it was at in 2017.

Amortization 130

Amortization Depreciation Enterprise Values Leveraging 130

The Motley Fool

DECEMBER 2, 2024

Enterprise's consistency stems from its largely fee-based model, where the company only takes on minimal commodity or spread risk. Meanwhile, it has historically been conservative with its leverage, distribution coverage ratio, and growth capital expenditure (capex) spending. on average, between 2011 and 2016.

Debt 130

Debt Enterprise Values Depreciation Assets 130

The Motley Fool

AUGUST 28, 2024

In a world where traditional media companies are struggling to stay afloat, spending money they don't have on digital initiatives, or leveraged to the point of unprofitability in a sluggish ad market, Sirius XM is cheap. The earnings multiple is a still reasonable 16 if you go by Sirius XM's bloated enterprise value.

Stakes 130

Stakes Enterprise Values Buyout Shareholders 130

The Motley Fool

NOVEMBER 2, 2024

Based on its DCF, Enterprise's distribution coverage ratio was 1.7x. It ended the quarter with leverage of 3x, which it defines as net debt adjusted for equity credit in junior subordinated notes (hybrids) divided by adjusted EBITDA. On that front, Enterprise trades at a forward EV/EBITDA multiple of 9.5

Depreciation 130

Depreciation Debt Enterprise Values Amortization 130

The Motley Fool

JANUARY 1, 2024

On and Lululemon both leverage their proprietary technologies to sell pricier products than most of their competitors. billion in revenue in fiscal 2015 (which ended in January 2016). Its enterprise value of 7 billion Swiss francs ($8.3 YOY = Year over year. By comparison, Lululemon generated $2.1 billion) or Nike ($167.9

Initial Public Offering 130

Initial Public Offering Enterprise Values Leveraging Investors 130

The Motley Fool

NOVEMBER 15, 2024

I remember Tom Gardner was up in Canada in summer of 2016 and Ian Butler and I said, hey, let's introduce you to something. Even on a discounted cash flow basis, which you can now value Shopify at, which you couldn't back in 2016 when we bought it the first time, I've got a reasonable DCF. It's your time to speak.

Taxes 246

Taxes Education Debt Accounting 246

Pension Pulse

OCTOBER 22, 2024

Our increased participation in Cubico is aligned with PSP Investments’ long-term investment approach and strategy to leverage industry-specific platforms and develop strong partnerships with liked-minded investors and skilled operators,” commented Guthrie Stewart, Senior Vice President and Global Head of Private Investments at PSP Investments. “We

Pension Funds 59

Pension Funds Investing Assets Enterprise Values 59

The Motley Fool

FEBRUARY 8, 2024

The company was acquired at a total enterprise value of $44 million, of which $8.3 And since that time, we've been an active contributor to its growth by leveraging our pharmaceutical grade cultivation and science driven approach to product innovation. They are a leading distributor of medical cannabis products in Australia.

Legal 130

Legal Leveraging Capital Shareholders 130

The Motley Fool

APRIL 24, 2024

billion in enterprise value to be funded by cash on hand. We are well-positioned to drive growth for HashiCorp by leveraging IBM's enterprise incumbency and global reach. We have leveraged watsonx to build AI assistance through our software portfolio. Clients value the flexibility of our approach.

Consulting 130

Consulting Consultants Leveraging Taxes 130

The Motley Fool

NOVEMBER 9, 2023

Turning to the next strategic priority, we continue to leverage Genworth's LTC expertise to develop innovative agent care solutions. They operate as a closed system, leveraging existing reserves and capital current premiums, as well as future new premiums under the LTC multiyear rate action plan to cover liabilities.

Liabilities 100

Liabilities Legal Debt Taxes 100

Axial

OCTOBER 24, 2024

With deep-rooted backgrounds in private equity, encompassing roles as investors and trusted advisors, we have actively contributed to transactions exceeding $2 billion in enterprise value.” Corum is also the leading industry educator with its popular conferences and publishes the most widely distributed software M&A research.”

Investment Banking 52

Investment Banking Investment Banks Banks Mergers and Acquisitions 52

The Motley Fool

AUGUST 3, 2023

As we all know, we've done it in a way where others have done it in a way to generate the quickest short-term returns through a lot of leverage. So it's clearly higher than it was in the 2019, 2018, 2017 level, and it kind of goes back to where we were in the 2014, 2015, 2016 level. At the same time, we've done it. Operator Thank you.

Assets 100

Assets Capital Taxes Portfolios 100

The Big Picture

JANUARY 24, 2023

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Motley Fool

MARCH 8, 2025

Playing the next track Sirius XM itself has been a Berkshire Hathaway position only since early last year, but Buffett has had some skin in the satellite radio game since 2016. The company has boosted its payout every year since initiating a distribution policy in 2016. Like most media stocks, Sirius XM is also highly leveraged.

Portfolios 244

Portfolios Investing Enterprise Values Leveraging 244

The Motley Fool

DECEMBER 28, 2024

Despite Energy Transfer's strong position to benefit from the increasing power needs associated with AI, it is one of the cheapest MLP midstream stocks, trading at a forward enterprise value (EV)- to- EBITDA ratio of 8.8 The EV-to-EBITDA ratio is one of the most common ways to value pipeline stocks given their debt and growth capex.

Enterprise Values 246

Enterprise Values Shareholders Leveraging Debt 246

The Motley Fool

JANUARY 12, 2025

It's also nicely improved its balance sheet over the past few years so that its leverage is now in the lower half of its targeted 4 times to 4.5 Meanwhile, it plans to buy back stock once its leverage target is achieved. times range. It is looking to grow its distribution by 3% to 5% a year moving forward. Image source: Getty Images.

Investing 246

Investing Taxes Enterprise Values Leveraging 246

The Motley Fool

FEBRUARY 19, 2025

With its balance sheet and leverage in good shape, it appears well positioned to tackle this growth opportunity. From a valuation perspective, the stock trades at an enterprise value (EV) -to-EBITDA multiple of about 8.5 times between 2011 and 2016. billion in distributions with its DCF given its projected EBITDA growth.

Enterprise Values 211

Enterprise Values Leveraging Prospects Returns 211

The Motley Fool

JANUARY 20, 2025

Hilton Worldwide (14.3%) Ackman started building a significant position in Hilton Worldwide (NYSE: HLT) in 2018 after holding shares for a short period in 2016. If anything, Hilton's ability to leverage its brand and loyalty program has become even stronger since then. in the third quarter.

Hedge Funds 246

Hedge Funds Portfolios Asset Management Investing 246

The Motley Fool

MARCH 30, 2025

BlackBerry is running out of good options After years of declining sales, BlackBerry stopped manufacturing its own phones in 2016 to focus on expanding its cybersecurity, IoT, and licensing businesses. But with an enterprise value of $2.7 With an enterprise value of $9.5 billion to $853 million.

Enterprise Values 130

Enterprise Values Initial Public Offering Leveraging Assets 130

The Motley Fool

FEBRUARY 8, 2025

Enterprise Products Partners had a distribution coverage ratio of 1.8 It ended 2024 with a leverage ratio of 3.1 (It This is generally considered a low leverage ratio for the midstream industry, where levels between 3.5 that the average midstream master limited partnership (MLP) traded at between 2011 and 2016.

Companies 130

Companies Enterprise Values Depreciation Leveraging 130

The Motley Fool

JANUARY 26, 2025

In addition, the company has a solid balance sheet with low leverage for the industry. Enterprise's distribution coverage ratio came in at a robust 1.7 Meanwhile, it ended the quarter with leverage of 3 times. Midstream companies typically carry leverage from 3x to 4.5x

Taxes 130

Taxes Depreciation Leveraging Enterprise Values 130

The Motley Fool

MARCH 29, 2025

Enterprise currently carries leverage (net debt adjusted for equity credit in junior subordinated notes/EBITDA) of around 3.1 It currently trades at an enterprise value (EV) -to-EBITDA multiple of 10, which is the most common metric used to value midstream companies.

Enterprise Values 130

Enterprise Values Debt Amortization Depreciation 130

The Motley Fool

FEBRUARY 20, 2025

That said, the company has really improved its balance sheet and leverage over the past few years, so it is in good shape to pursue these additional opportunities. An attractive value Despite its strong performance and burgeoning growth opportunities, Energy Transfer continues to trade at both a relative and a historical discount.

Investing 130

Investing Depreciation Enterprise Values Amortization 130

The Motley Fool

JANUARY 4, 2025

In addition to these growth opportunities in front of it, Energy Transfer is cheap compared to its peers and from a historical level, trading at an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) multiple of just 8.4 times between 2011 and 2016. billion.

Enterprise Values 130

Enterprise Values Amortization Depreciation Earnings Before Interest 130

The Motley Fool

MARCH 31, 2025

Learn More Midstream companies, meanwhile, now operate with lower leverage and have more robust coverage for their distributions. times that midstream master limited partnerships (MLPs) averaged between 2011 and 2016. Western Midstream's balance sheet is in stellar shape, with leverage below 3x, and it generated $1.3

Enterprise Values 182

Enterprise Values Leveraging Amortization Depreciation 182

The Motley Fool

FEBRUARY 12, 2025

At year-end, leverage stood at just 3.3 billion this year, while staying within our target leverage range of four to five times net debt to EBITDA without raising any additional equity. times pro forma net debt to recurring EBITDA. We can deploy over $1.5 billion and $1.3 billion in 2025, across all three external growth platforms.

Debt 162

Debt Capital Assets Financing 162