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Corebridge Financial (Corebridge Financial) Enterprise Value : $30,574 Mil (As of May. 20, 2024)


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What is Corebridge Financial Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Corebridge Financial's Enterprise Value is $30,574 Mil. Corebridge Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $3,171 Mil. Therefore, Corebridge Financial's EV-to-EBIT ratio for today is 9.64.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Corebridge Financial's Enterprise Value is $30,574 Mil. Corebridge Financial's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 was $3,496 Mil. Therefore, Corebridge Financial's EV-to-EBITDA ratio for today is 8.75.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Corebridge Financial's Enterprise Value is $30,574 Mil. Corebridge Financial's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $21,138 Mil. Therefore, Corebridge Financial's EV-to-Revenue ratio for today is 1.45.


Corebridge Financial Enterprise Value Historical Data

The historical data trend for Corebridge Financial's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Corebridge Financial Enterprise Value Chart

Corebridge Financial Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
- - - 28,651.70 25,594.24

Corebridge Financial Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22,887.04 23,414.00 24,799.31 25,594.24 29,978.76

Competitive Comparison of Corebridge Financial's Enterprise Value

For the Asset Management subindustry, Corebridge Financial's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Corebridge Financial's Enterprise Value Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corebridge Financial's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Corebridge Financial's Enterprise Value falls into.



Corebridge Financial Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Corebridge Financial's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

Corebridge Financial's Enterprise Value for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Corebridge Financial  (NYSE:CRBG) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Corebridge Financial's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=30574.154/3171
=9.64

Corebridge Financial's current Enterprise Value is $30,574 Mil.
Corebridge Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,171 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Corebridge Financial's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=30574.154/3496
=8.75

Corebridge Financial's current Enterprise Value is $30,574 Mil.
Corebridge Financial's EBITDA for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,496 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Corebridge Financial's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=30574.154/21138
=1.45

Corebridge Financial's current Enterprise Value is $30,574 Mil.
Corebridge Financial's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $21,138 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Corebridge Financial Enterprise Value Related Terms

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Corebridge Financial (Corebridge Financial) Business Description

Traded in Other Exchanges
Address
2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.
Executives
American International Group, Inc. 10 percent owner 1271 AVE OF THE AMERICAS, FL 37, NEW YORK NY 10020-1304
John P Byrne officer: Pres of Financial Distributors 7428 FOXBURG COURT, CLARKSTON MI 48348
Timothy M Heslin officer: President of Life Insurance 4401 FARRISWOOD DR., NASHVILLE TN 37204
Bryan A Pinsky officer: Pres of Individual Retirement 405 10TH ST., MANHATTAN BEACH CA 90266
Caldwell Steven Douglas Jr officer: Chief Risk Officer 39 GRAMERCY PARK N APT 1BC, NEW YORK NY 10010
Christopher Brian Smith officer: Chief Operating Officer 42 WADE DRIVE, SUMMIT NJ 07901
Lisa Longino officer: Chief Investment Officer C/O COREBRIDGE FINANCIAL, INC., 2919 ALLEN PARKWAY, WOODSON TOWER, HOUSTON TX 77019
Hunter Constance officer: Head of Strategy 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Katherine Ann Anderson officer: Chief Risk Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Elizabeth Palmer officer: Chief Marketing Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Alan Leonard Smith officer: Chief Human Resources Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Terri N Fiedler officer: President Retirement Services C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS NY 91367
Todd P Solash officer: President, IR and Life C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Jonathan J Novak officer: President of IM C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Mia W Tarpey officer: Chief Operating Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367