Some fundamental drivers such as market cap or Macys enterprice value can be analyzed from historical prospective to project value of the company into the future. Some investors analyze Macys valuation indicators such as Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 2.6 B or Earnings before Tax of 237.6 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Macys future value. Financial Statement Analysis is much more than just reviewing and breaking down Macys prevalent accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Macys is a good buy for the upcoming year. Please see also Stocks Correlation.
Enterprise Value (or EV) is usually referred to as Macys theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Macys debt, but would also pocket its cash. Enterprise Value is more accurate representation of Macys value then its market capitalization because it takes into account all of Macys existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.
Market capitalization (or market cap) is the total value of the shares outstanding of Macys. It is equal to Macys current share price times the number of Macys outstanding shares. Represents the product of Total Shares (Basic) ; Adjusted Share Price and Entity Share Factor.
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