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GuruFocus has detected 4 Warning Signs with Century Casinos Inc $CNTY.
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Century Casinos Inc (NAS:CNTY)
EV-to-EBIT
11.82 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Century Casinos Inc's enterprise value is $221.7 Mil. Century Casinos Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $18.8 Mil. Therefore, Century Casinos Inc's EV/EBIT ratio for today is 11.82.

CNTY' s EV-to-EBIT Range Over the Past 10 Years
Min: -62.1   Max: 1070.9
Current: 11.82

-62.1
1070.9

During the past 13 years, the highest EV/EBIT Ratio of Century Casinos Inc was 1070.90. The lowest was -62.10. And the median was 11.20.

CNTY's EV-to-EBIT is ranked higher than
89% of the 883 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 16.87 vs. CNTY: 11.82 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Century Casinos Inc's enterprise value for the quarter that ended in Dec. 2016 was $224.4 Mil. Century Casinos Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $18.8 Mil. Century Casinos Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 8.36%.


Definition

Century Casinos Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=221.720/18.76
=11.82

Century Casinos Inc's current Enterprise Value is $221.7 Mil.
Century Casinos Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 3.6 (Mar. 2016 ) + 6.115 (Jun. 2016 ) + 3.873 (Sep. 2016 ) + 5.172 (Dec. 2016 ) = $18.8 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Century Casinos Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=18.76/224.3835
=8.36 %

Century Casinos Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $224.4 Mil.
Century Casinos Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 3.6 (Mar. 2016 ) + 6.115 (Jun. 2016 ) + 3.873 (Sep. 2016 ) + 5.172 (Dec. 2016 ) = $18.8 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Century Casinos Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 48.59-4.44-5.2620.459.878.1816.9243.1111.2411.96

Century Casinos Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 47.1943.1132.2013.8410.3111.248.659.7212.2511.96
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