Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 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), 10-K (reporting date: 2017-12-31).
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. | Royal Caribbean Cruises Ltd. EBITDA decreased from 2019 to 2020 but then slightly increased from 2020 to 2021. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in thousands) | |
Enterprise value (EV) | 28,261,911) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | (2,721,068) |
Valuation Ratio | |
EV/EBITDA | — |
Benchmarks | |
EV/EBITDA, Competitors1 | |
Airbnb Inc. | 34.84 |
Booking Holdings Inc. | 24.35 |
Chipotle Mexican Grill Inc. | — |
McDonald’s Corp. | 17.66 |
Starbucks Corp. | 16.59 |
EV/EBITDA, Sector | |
Consumer Services | 26.11 |
EV/EBITDA, Industry | |
Consumer Discretionary | 24.48 |
Based on: 10-K (reporting date: 2021-12-31).
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
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Enterprise value (EV)1 | 37,174,624) | 37,799,471) | 29,507,089) | 35,786,782) | 35,324,272) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | (2,721,068) | (3,666,638) | 3,594,655) | 3,204,061) | 2,894,609) | |
Valuation Ratio | ||||||
EV/EBITDA3 | — | — | 8.21 | 11.17 | 12.20 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
Airbnb Inc. | 338.63 | — | — | — | — | |
Booking Holdings Inc. | 45.39 | 73.17 | 10.49 | — | — | |
Chipotle Mexican Grill Inc. | 40.00 | 79.87 | 34.03 | — | — | |
McDonald’s Corp. | 17.49 | 21.03 | 17.65 | — | — | |
Starbucks Corp. | 18.77 | 38.99 | 17.27 | 11.72 | — | |
EV/EBITDA, Sector | ||||||
Consumer Services | 25.46 | 59.23 | 16.04 | — | — | |
EV/EBITDA, Industry | ||||||
Consumer Discretionary | 21.16 | 29.01 | 17.75 | — | — |
Based on: 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), 10-K (reporting date: 2017-12-31).
3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 37,174,624 ÷ -2,721,068 = —
4 Click competitor name to see calculations.