Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

This company has been moved to the archive! The financial data has not been updated since April 20, 2023.

Enterprise Value to EBITDA (EV/EBITDA) 

Microsoft Excel

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

CSX Corp., EBITDA calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net earnings 4,166 3,781 2,765 3,331 3,309
Add: Income tax expense 1,248 1,170 862 985 995
Earnings before tax (EBT) 5,414 4,951 3,627 4,316 4,304
Add: Interest expense 742 722 754 737 639
Earnings before interest and tax (EBIT) 6,156 5,673 4,381 5,053 4,943
Add: Depreciation and amortization 1,500 1,420 1,383 1,349 1,331
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,656 7,093 5,764 6,402 6,274

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. CSX Corp. EBITDA increased from 2020 to 2021 and from 2021 to 2022.

Enterprise Value to EBITDA Ratio, Current

CSX Corp., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 78,608
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,656
Valuation Ratio
EV/EBITDA 10.27
Benchmarks
EV/EBITDA, Competitors1
FedEx Corp. 7.56
Uber Technologies Inc. 42.12
Union Pacific Corp. 15.32
United Parcel Service Inc. 10.25
EV/EBITDA, Sector
Transportation 16.74
EV/EBITDA, Industry
Industrials 21.20

Based on: 10-K (reporting date: 2022-12-31).

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

CSX Corp., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 81,293 91,202 80,813 75,818 69,207
Earnings before interest, tax, depreciation and amortization (EBITDA)2 7,656 7,093 5,764 6,402 6,274
Valuation Ratio
EV/EBITDA3 10.62 12.86 14.02 11.84 11.03
Benchmarks
EV/EBITDA, Competitors4
FedEx Corp. 7.33 8.22 10.09 12.96
Uber Technologies Inc. 227.40
Union Pacific Corp. 12.56 15.46 15.65 13.73
United Parcel Service Inc. 8.83 9.55 30.22 12.80
EV/EBITDA, Sector
Transportation 14.15 12.42 30.99 22.19
EV/EBITDA, Industry
Industrials 17.07 16.21 26.87 17.56

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 See details »

2 See details »

3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 81,293 ÷ 7,656 = 10.62

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. CSX Corp. EV/EBITDA ratio decreased from 2020 to 2021 and from 2021 to 2022.