Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) EBIT : $184.7 Mil (TTM As of Jun. 2020)

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What is Bolsas Y Mercados Espanoles SHMSF EBIT?

Bolsas Y Mercados Espanoles SHMSF's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2020 was $46.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2020 was $184.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bolsas Y Mercados Espanoles SHMSF's annualized ROC % for the quarter that ended in Jun. 2020 was 0.81%. Bolsas Y Mercados Espanoles SHMSF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 281.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bolsas Y Mercados Espanoles SHMSF's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2020 was 5.74%.

Bolsas Y Mercados Espanoles SHMSF EBIT Historical Data

The historical data trend for Bolsas Y Mercados Espanoles SHMSF's EBIT 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.

Bolsas Y Mercados Espanoles SHMSF EBIT Chart

Bolsas Y Mercados Espanoles SHMSF Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

EBIT

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261.70

223.08

240.24

204.75

180.97

Bolsas Y Mercados Espanoles SHMSF Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
EBIT	Get a 7-Day Free Trial															53.65	44.01	43.59	50.45	46.63

Competitive Comparison of Bolsas Y Mercados Espanoles SHMSF's EBIT

For the Financial Data & Stock Exchanges subindustry, Bolsas Y Mercados Espanoles SHMSF's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

Bolsas Y Mercados Espanoles SHMSF's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bolsas Y Mercados Espanoles SHMSF's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bolsas Y Mercados Espanoles SHMSF's EV-to-EBIT falls into.

Bolsas Y Mercados Espanoles SHMSF EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $184.7 Mil.

Bolsas Y Mercados Espanoles SHMSF (GREY:SOHMF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Bolsas Y Mercados Espanoles SHMSF's annualized ROC % for the quarter that ended in Jun. 2020 is calculated as:

	ROC % (Q: Jun. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2020 )	+	Invested Capital (Q: Jun. 2020 ))	/ count )
=	150.592 * ( 1 - 25.57% )	/	( (12447.568	+	15275.126)	/ 2 )
=	112.0856256	/	13861.347
=	0.81 %

where

	Invested Capital		(Q: Mar. 2020 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	12851.14	-	93.828	-	( 12533.884	-	max(0, 12325.865	-	12635.609	+	12533.884	))
=	12447.568

	Invested Capital		(Q: Jun. 2020 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	15729.306	-	121.055	-	( 15399.78	-	max(0, 15172.776	-	15505.901	+	15399.78	))
=	15275.126

Note: The Operating Income data used here is four times the quarterly (Jun. 2020) data.

2. Joel Greenblatt's definition of Return on Capital:

Bolsas Y Mercados Espanoles SHMSF's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2020		Q: Jun. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	186.536	/	( ( (64.502 + max(-12224.14, 0))	+	(68.116 + max(-15066.655, 0)) )	/	2 )
=	186.536	/	( ( 64.502	+	68.116 )	/	2 )
=	186.536	/	66.309
=	281.31 %

where Working Capital is:

	Working Capital		(Q: Mar. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(97.298	+	0	+	4.4269999999997)	-	(93.828	+	0	+	12232.037)
=	-12224.14

	Working Capital		(Q: Jun. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(45.125	+	0	+	60.995999999999)	-	(121.055	+	0	+	15051.721)
=	-15066.655

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2020) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Bolsas Y Mercados Espanoles SHMSF's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2020 )
	=	184.682	/	3216.568
	=	5.74 %

Bolsas Y Mercados Espanoles SHMSF EBIT Related Terms

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Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bolsas Y Mercados Espanoles SHMSF SA (GREY:SOHMF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Palacio de la Bolsa, Plaza de la Lealtad 1, Madrid, ESP, 28014

Website

http://www.bolsasymercados.es

Bolsas Y Mercados Espanoles SHMSF SA is a financial market and securities exchange operator based in Spain but with global exposure. Most investors on the Bolsa are non-Spanish as more than three quarters of trading is due to nonresident buyers or sellers. The company is organized into six business units, including equities, fixed income, derivatives, clearing, settlement, and market data and value-added services. Like most exchanges, the company relies heavily on technology in carrying out its business model and also provides central counterparty services. The company's revenue is heaving contingent on trading volumes.

Bolsas Y Mercados Espanoles SHMSF (Bolsas Y Mercados Espanoles SHMSF) Headlines

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