Orizon Waste Management S.A. is a Brazilian company that operates in the waste management and recovery sector. The company's main line of business is the final disposal of waste in its ecoparks, where it also captures biogas and develops carbon credit projects. Its operations are divided into three segments: Final Destination, Energy Transition and Circular Economy. In the Energy Transition segment, the company focuses on generating value from biogas, producing biomethane and electricity, and developing energy recovery plants (Waste-to-Energy). The Circular Economy front includes activities such as recycling, composting, and waste processing for reintegration into the production chain. With several operating units spread across Brazil, Orizon monetizes its environmental assets and is a major generator and seller of carbon credits in the voluntary market.
Market capitalization, or "market cap", is the aggregate market value of a company represented in a dollar amount. Since it represents the “market” value of a company, it is computed based on the current market price (CMP) of its shares and the total number of outstanding shares.
Enterprise value (EV) measures a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt and any cash or cash equivalents on the company's balance sheet.
The enterprise value-to-revenue multiple (EV/R) is a measure of the value of a stock that compares a company's enterprise value to its revenue. EV/R is one of several fundamental indicators that investors use to determine whether a stock is priced fairly. The EV/R multiple is also often used to determine a company's valuation in the case of a potential acquisition. It's also called the enterprise value-to-sales multiple.
The enterprise value to earnings before interest, taxes, depreciation, and amortization ratio (EV/EBITDA) compares the value of a company—debt included—to the company's cash earnings less non-cash expenses. It's best to use the EV/EBITDA metric when comparing companies within the same industry or sector. Typically, when evaluating a company, an EV/EBITDA value below 10 is seen as healthy.
It follows the same logic as the EV/EBITDA indicator, but instead of EBITDA, EBIT is used, which considers non-cash D&A expenses in the company's operating result.
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