HKBN (FRA:2HK) EBIT

: €-61 Mil (TTM As of Aug. 2023)

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HKBN's earnings before interest and taxes (EBIT) for the six months ended in Aug. 2023 was €-101 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Aug. 2023 was €-61 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HKBN's annualized ROC % for the quarter that ended in Aug. 2023 was 4.18%. HKBN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -41.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HKBN's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Aug. 2023 was -3.58%.

HKBN EBIT Historical Data

The historical data trend for HKBN'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.

HKBN Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

EBIT

63.80

62.75

68.47

130.96

-61.43

HKBN Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
EBIT																40.22	59.55	64.66	40.58	-101.38

Competitive Comparison

For the Telecom Services subindustry, HKBN'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.

HKBN EV-to-EBIT Distribution

For the Telecommunication Services industry and Communication Services sector, HKBN's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HKBN's EV-to-EBIT falls into.

HKBN 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-61 Mil.

HKBN (FRA:2HK) EBIT Explanation

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

HKBN's annualized ROC % for the quarter that ended in Aug. 2023 is calculated as:

	ROC % (Q: Aug. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2023 )	+	Invested Capital (Q: Aug. 2023 ))	/ count )
=	82.412 * ( 1 - -3.89% )	/	( (2170.99	+	1924.1)	/ 2 )
=	85.6178268	/	2047.545
=	4.18 %

where

	Invested Capital		(Q: Feb. 2023 )
=	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	))
=	2373.022	-	235.975	-	( 119.894	-	max(0, 385.139	-	351.196	+	119.894	))
=	2170.99

	Invested Capital		(Q: Aug. 2023 )
=	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	))
=	2126.337	-	234.987	-	( 119.134	-	max(0, 364.646	-	331.896	+	119.134	))
=	1924.1

Note: The Operating Income data used here is two times the semi-annual (Aug. 2023) data.

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

HKBN's annualized ROC (Joel Greenblatt) % for the quarter that ended in Aug. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Aug. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2023		Q: Aug. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-202.754	/	( ( (507.085 + max(-177.264, 0))	+	(481.396 + max(-193.037, 0)) )	/	2 )
=	-202.754	/	( ( 507.085	+	481.396 )	/	2 )
=	-202.754	/	494.2405
=	-41.02 %

where Working Capital is:

	Working Capital		(Q: Feb. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(123.815	+	15.952	+	0.022000000000048)	-	(235.975	+	0	+	81.078)
=	-177.264

	Working Capital		(Q: Aug. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(106.553	+	12.383	+	1.614)	-	(234.987	+	0	+	78.6)
=	-193.037

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Aug. 2023) EBIT data.

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

HKBN's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Aug. 2023 )
	=	-60.796	/	1698.314
	=	-3.58 %

HKBN EBIT Related Terms

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HKBN (FRA:2HK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » HKBN Ltd (FRA:2HK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

HKBNF:USA 01310:Hong Kong 2HK:Germany

Address

18 Kin Hong Street, 12th Floor, Trans Asia Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.hkbnltd.net

HKBN Ltd is a telecommunications company. The company derives revenue from broadband Internet services and voice services to both residential and enterprise customers. The principal activities of the Group are (i) provision of fixed telecommunications network services, international telecommunications services, and mobile services to residential and enterprise customers in Hong Kong, (ii) system integration services, (iii) product sales, and (iv) marketing and distribution of computer hardware and software, telecommunication products, office automation products and the provision of related services. The company has two segments Telecom and technology solutions (Hong Kong) and Telecom and technology solutions (non-Hong Kong) and the majority of its revenue is generated from Hong Kong.

HKBN (FRA:2HK) Headlines

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