Enterprise value
Fundamental analysisMarket capitalisation plus total debt minus cash — the cost of acquiring the whole business.
In plain terms
What you would actually pay, including the debt you inherit.
1678 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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EV per tonne
Fundamental analysisEnterprise value divided by installed capacity in tonnes a year.
In plain terms
Compared with the cost of building new capacity and with acquisition prices. It ignores profitability, so pair it with EV/EBITDA.
EV/EBITDA
Fundamental analysisEnterprise value divided by earnings before interest, tax, depreciation and amortisation.
In plain terms
The only common multiple that accounts for debt. Use it whenever leverage differs.