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GuruFocus has detected 1 Warning Sign with First United Corp $FUNC.
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First United Corp (NAS:FUNC)
EV-to-EBIT
23.07 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, First United Corp's enterprise value is $232.18 Mil. First United Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $10.06 Mil. Therefore, First United Corp's EV/EBIT ratio for today is 23.07.

FUNC' s EV-to-EBIT Range Over the Past 10 Years
Min: -324   Max: 409.8
Current: 23.07

-324
409.8

During the past 13 years, the highest EV/EBIT Ratio of First United Corp was 409.80. The lowest was -324.00. And the median was 21.60.

FUNC's EV-to-EBIT is ranked lower than
80% of the 1558 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.64 vs. FUNC: 23.07 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). First United Corp's enterprise value for the quarter that ended in Dec. 2016 was $224.43 Mil. First United Corp's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $10.06 Mil. First United Corp's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 4.48%.


Definition

First United Corp's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=232.176/10.064
=23.07

First United Corp's current Enterprise Value is $232.18 Mil.
First United Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 2.548 (Mar. 2016 ) + 2.317 (Jun. 2016 ) + 3.232 (Sep. 2016 ) + 1.967 (Dec. 2016 ) = $10.06 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).

First United Corp'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 )
=10.064/224.4335
=4.48 %

First United Corp's Enterprise Value for the quarter that ended in Dec. 2016 was $224.43 Mil.
First United Corp's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 2.548 (Mar. 2016 ) + 2.317 (Jun. 2016 ) + 3.232 (Sep. 2016 ) + 1.967 (Dec. 2016 ) = $10.06 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.

First United Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ev2ebit 19.6531.41-9.64-1.8663.9838.2630.0039.3512.0422.30

First United Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ev2ebit 42.0539.3536.6934.0325.9712.0410.5210.769.8622.30
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