The Motley Fool

JUNE 26, 2024

Low historic industry valuations Between 2011 to 2016, midstream companies on average traded at an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) multiple of over 13.5

Depreciation 246

Depreciation Enterprise Values Amortization Earnings Before Interest 246

The Motley Fool

SEPTEMBER 1, 2023

Enterprise-value-to-EBIT ratio 714 12.3 EBIT = earnings before interest and taxes. The company has offered high-performance processors for the data analytics and AI markets since 2016. The stock is also far more affordable as measured by several key metrics. Metric AMD TSMC Price-to-forward-earnings ratio 38.9

Enterprise Values 246

Enterprise Values Buyout Earnings Before Interest Prospects 246

The Motley Fool

APRIL 1, 2024

He clarified his position in his 2016 letter to shareholders: “It is true that we own some stocks that I have no intention of selling for as far as the eye can see (and we’re talking 20/20 vision). If Hollub’s thesis on oil prices plays out over the next couple of years, it could turn out to be a great value.

Enterprise Values 245

Enterprise Values Shareholders Amortization Depreciation 245

The Motley Fool

OCTOBER 17, 2024

While similar, distributions include a return on capital that is untaxed until the units are typically sold, making them tax-deferred. However, investors do receive what is called a K-1 and must fill out some extra tax forms. Typically, investors value midstream companies using an enterprise-value -to-EBITDA (EV/EBITDA) multiple.

Enterprise Values 130

Enterprise Values Depreciation Amortization Earnings Before Interest 130

The Motley Fool

MAY 29, 2024

Enterprise's business model has seen the company consistently grow its distributable cash flow (DCF) per unit (operating cash flow minus maintenance capital expenditures [ capex ]) most years, while keeping it pretty steady during difficult environments, such as when oil prices collapsed during 2014-2016. Image source: Getty Images.

Leveraging 130

Leveraging Taxes Enterprise Values Debt 130

The Motley Fool

MAY 29, 2024

Enterprise's business model has seen the company consistently grow its distributable cash flow (DCF) per unit (operating cash flow minus maintenance capital expenditures [ capex ]) most years, while keeping it pretty steady during difficult environments, such as when oil prices collapsed during 2014-2016. Image source: Getty Images.

Leveraging 130

Leveraging Taxes Enterprise Values Debt 130

The Motley Fool

DECEMBER 1, 2024

Enterprise has increased its distribution annually for 26 consecutive years; Enbridge's streak is 29 years and counting. Kinder's streak is pretty meager in comparison, and it follows a dividend cut in 2016. That's hardly true, noting that even the 2016 dividend cut was made with the goal of best positioning the company for the future.

Enterprise Values 130

Enterprise Values Amortization Depreciation Earnings Before Interest 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

SEPTEMBER 27, 2024

Reimbursement pressures have been the company's biggest issue The biggest issue facing Walgreens has been consistent prescription drug reimbursement pressure, which it has called out since at least the start of 2016. Enterprise value takes into consideration its net debt. It trades at a forward P/E of less than 4.5

Enterprise Values 130

Enterprise Values Bidding Stakes Amortization 130

The Motley Fool

NOVEMBER 15, 2024

We also got some commentary from Shopify President Harvey Finkelstein, about just how the company is helping its merchants with taxes, how wonderful what are your highlights from the quarter? 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.

Taxes 246

Taxes Education Debt Accounting 246

The Motley Fool

OCTOBER 1, 2024

It shed more than 98% of its value as it lost the smartphone market to Apple 's iPhones and Alphabet 's Google Android devices. It stopped producing its own smartphones in 2016 and tried to expand its software and licensing divisions, but those efforts failed to revive its stock. Based on those estimates and its enterprise value of $1.5

Enterprise Values 130

Enterprise Values Amortization Depreciation Earnings Before Interest 130

The Motley Fool

AUGUST 3, 2024

A consistent performer The key to Enterprise's success over the years has been consistency, which has helped the pipeline company increase its distribution for 26 straight years through various ups and downs in the energy markets. For Q2, the Enterprise saw its total gross-operating margin increase nearly 11% to $2.4

Depreciation 130

Depreciation Leveraging Enterprise Values Amortization 130

The Motley Fool

DECEMBER 14, 2024

These growth opportunities should lead to continued earnings before interest, taxes, depreciation, and amortization ( EBITDA ) and cash flow growth, which should also help lead to increased distributions in the coming years. Enterprise value (EV) to EBITDA is typically the preferred metric investors use when valuing midstream companies.

Depreciation 130

Depreciation Enterprise Values Amortization Earnings Before Interest 130

The Motley Fool

NOVEMBER 2, 2024

In its third quarter, Enterprise's total gross operating profit increased 5% to $2.45 Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) also rose 5% to nearly $2.44 After the current period of outsized spending on growth projects, Enterprise does expect to settle back into a lower range thereafter.

Depreciation 130

Depreciation Debt Enterprise Values Amortization 130

Pension Pulse

OCTOBER 22, 2024

billion (€7 billion) and that's because Cubico has been growing its operations nicely, expanding its enterprise value. Last year I noted that according to sources, the reported sale price of USD $6 billion is about 10 times its earnings before interest, taxes, depreciation, and amortization (EBITDA) of $641 million in 2022.

Pension Funds 59

Pension Funds Investing Assets Enterprise Values 59

The Motley Fool

APRIL 24, 2024

billion in enterprise value to be funded by cash on hand. Since we put the world's first quantum system on the cloud in 2016, we have deployed over 80 quantum systems, and our users have run over 3 trillion programs to date. billion of operating pre-tax income, and $1.68 Let me start with the details of the transaction.

Consulting 130

Consulting Consultants Leveraging Taxes 130

The Motley Fool

NOVEMBER 9, 2023

On a statutory accounting basis, pre-tax income for the U.S. life insurance companies is estimated at 30 million, driven by 21 million of pre-tax earnings in LTC. Looking ahead, Genworth's enterprise value and future potential are rooted in our 81.6% Complete statutory results for our U.S. life insurance companies.

Liabilities 100

Liabilities Legal Debt Taxes 100

Axial

JANUARY 23, 2025

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.” To do that, you need a succession plan that fulfills your desires and addresses all the issues of estate planning and taxes.

Investment Banking 59

Investment Banking Investment Banks Banks Mergers and Acquisitions 59

The Motley Fool

AUGUST 3, 2023

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. The after-tax gain is associated with the ABG raising of primary capital, which we get diluted down. So it's a – we have a dilution gain after tax, it was $0.07. So it's a good sign for sure.

Assets 100

Assets Capital Taxes Portfolios 100

Axial

OCTOBER 24, 2024

In order to do that, you need a succession plan that fulfills your desires and addresses all the issues of estate planning and taxes. 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.”

Investment Banking 52

Investment Banking Investment Banks Banks Mergers and Acquisitions 52

The Motley Fool

OCTOBER 31, 2023

Coke is probably other than around the panic in 2020 at the beginning of March, about as good a price on enterprise value to bit, or sales price to earnings as it's been since about 2016, early 2017. Unless we have some sort of terminal illness, you don't know when you're going to pass on to that great tax shelter in the sky.

Taxes 130

Taxes Enterprise Values Portfolios Accounting 130

The Big Picture

JANUARY 24, 2023

In the history of our private equity effort, we’ve generated over $70 billion of enterprise value gains without one missed interest payment, and added over 61,000 jobs without one missed interest payment. My firm has never had a bankruptcy, never missed an interest payment. We’re working with all sorts of people.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Motley Fool

JANUARY 8, 2025

Broadcom, which was known as Avago before it acquired the original Broadcom and inherited its brand in 2016, is more diversified. Its infrastructure software business -- which it expanded through its acquisitions of CA Technologies, Symantec's enterprise security division, and VMware -- provides a mix of on-premises and cloud-based software.

Enterprise Values 245

Enterprise Values Amortization Depreciation Earnings Before Interest 245

The Motley Fool

JANUARY 12, 2025

The difference between the two is tax-related, as distributions have a return of capital component that is tax-deferred. While it involves a little extra paperwork come tax time, this part of the distribution reduces an investment's cost basis and is not taxed until the stock is sold, which is a nice added bonus.

Investing 246

Investing Taxes Enterprise Values Leveraging 246

The Motley Fool

JANUARY 25, 2025

One of those winners is Broadcom (NASDAQ: AVGO) , which still has a bright future after nearly doubling in value over the past 12 months. Understanding Broadcom's business Back in 2016, the Singapore-based chipmaker Avago acquired the original Broadcom. Here's why Broadcom is still a great place to park a modest $1,000 investment.

Enterprise Values 237

Enterprise Values Amortization Depreciation Earnings Before Interest 237

The Motley Fool

JANUARY 26, 2025

The company is structured as a master limited partnership (MLP) , which is not taxed at the corporate level and thus passes through much of its income to investors in the form of distributions. Distributions are similar to dividends but are more favorably taxed. Where to invest $1,000 right now?

Taxes 130

Taxes Depreciation Leveraging Enterprise Values 130

The Motley Fool

FEBRUARY 8, 2025

A consistent performer When it comes to its earnings reports, Enterprise Products Partners typically doesn't have too many surprises up its sleeve, as it operates a steady, fee-based midstream business. Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ), meanwhile, increased by 4% to nearly $2.6

Companies 130

Companies Enterprise Values Depreciation Leveraging 130

The Motley Fool

MARCH 29, 2025

This gives the company solid visibility into future cash flows and EBITDA (earnings before interest, taxes, depreciation, and amortization), the two metrics by which midstream companies are most commonly evaluated. times EV/EBITDA multiple on average that midstream MLPs traded at between 2011 and 2016.

Enterprise Values 130

Enterprise Values Debt Amortization Depreciation 130

The Motley Fool

FEBRUARY 20, 2025

Given that most of these projects won't be complete until later 2025 or 2026, the increased capex should have a larger impact on the growth of earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2026 and 2027. between 2011 and 2016. Energy Transfer is projecting mid-teens returns on its growth projects.

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.

Enterprise Values 130

Enterprise Values Amortization Depreciation Earnings Before Interest 130

The Motley Fool

DECEMBER 21, 2024

That top-line miss was minor, but it had also predicted its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) would turn positive by 2023. But with an enterprise value of $375 million, it looks cheap at 1 time next year's sales.

Mergers and Acquisitions 130

Mergers and Acquisitions Enterprise Values Amortization Depreciation 130

The Motley Fool

MARCH 31, 2025

At the same time, it also has one of the cheapest stocks in the space, with it trading at an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) multiple of just over 8 times. times that midstream master limited partnerships (MLPs) averaged between 2011 and 2016.

Enterprise Values 182

Enterprise Values Leveraging Amortization Depreciation 182

The Motley Fool

MARCH 22, 2025

Midstream companies are typically valued using an enterprise value (EV) -to- EBITDA (earnings before interest, taxes, depreciation, and amortization) metric. times EV/EBITDA multiple between 2011 and 2016. Image source: Getty Images. An attractive valuation At under $20, Energy Transfer's stock is cheap.

Depreciation 246

Depreciation Enterprise Values Debt Amortization 246

The Motley Fool

MARCH 14, 2025

Approximately 90% of Energy Transfer's adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) comes from fee-based businesses, while Enterprise has said that about 80% of its cash flow is fee-based. times enterprise value -to-EBITDA (EV/EBITDA) multiple the group traded at between 2011 and 2016.

Depreciation 130

Depreciation Enterprise Values Amortization Earnings Before Interest 130

The Motley Fool

FEBRUARY 12, 2025

Our total debt to enterprise value was approximately 27%, while our fixed charge coverage ratio, which includes principal amortization and the preferred dividend, is very healthy at 4.4 Pro forma for the settlement of our outstanding forward equity, net debt to recurring EBITDA was approximately 3.3

Debt 162

Debt Capital Assets Financing 162