Stock Analysis on Net
Stock Analysis on Net

Reynolds American Inc. (NYSE:RAI)

This company has been moved to the archive! The financial data has not been updated since May 3, 2017.

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Reynolds American Inc., EBITDA calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Net income 6,073 3,253 1,470 1,718 1,272
Less: Income from discontinued operations, net of tax 25
Add: Income tax expense 3,618 3,131 817 1,023 681
Earnings before tax (EBT) 9,691 6,384 2,262 2,741 1,953
Add: Interest and debt expense 626 570 286 259 234
Earnings before interest and tax (EBIT) 10,317 6,954 2,548 3,000 2,187
Add: Depreciation and amortization expense 123 122 106 103 131
Earnings before interest, tax, depreciation and amortization (EBITDA) 10,440 7,076 2,654 3,103 2,318

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).


Enterprise Value to EBITDA Ratio, Current

Reynolds American Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 103,094
Earnings before interest, tax, depreciation and amortization (EBITDA) 10,440
Valuation Ratio
EV/EBITDA 9.87
Benchmarks
EV/EBITDA, Competitors1
Coca-Cola Co. 21.97
Mondelēz International Inc. 18.74
PepsiCo Inc. 14.00
Philip Morris International Inc. 18.90

Based on: 10-K (reporting date: 2016-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Reynolds American Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 97,440 83,957 41,466 29,415 26,890
Earnings before interest, tax, depreciation and amortization (EBITDA)2 10,440 7,076 2,654 3,103 2,318
Valuation Ratio
EV/EBITDA3 9.33 11.87 15.62 9.48 11.60
Benchmarks
EV/EBITDA, Competitors4
Coca-Cola Co.
Mondelēz International Inc.
PepsiCo Inc.
Philip Morris International Inc.

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

1 See details »

2 See details »

3 2016 Calculation
EV/EBITDA = EV ÷ EBITDA
= 97,440 ÷ 10,440 = 9.33

4 Click competitor name to see calculations.