0.59(0.53%) Volume: 293,351 11:08PM EST| Market Cap : 10.03 B | Enterprise Value : | P/E (TTM) : 15.39 | P/B : 1.59 |
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. American Financial Group's net income for the three months ended in Sep. 2019 was $147 Mil. Its net income for the trailing twelve months (TTM) ended in Sep. 2019 was $657 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. American Financial Group's Earnings per Share (Diluted) for the three months ended in Sep. 2019 was $1.61.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| American Financial Group Quarterly Data | ||||||||||||||||||||
| Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | |
| Net Income |
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204.00 | -29.00 | 329.00 | 210.00 | 147.00 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
American Financial Group's Net Income for the fiscal year that ended in Dec. 2018 is calculated as
| Net Income | (A: Dec. 2018 ) | ||||||
| = | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
| = | 639 | + | -122 | + | 0 | + | 13 |
| = | 530 |
American Financial Group's Net Income for the quarter that ended in Sep. 2019 is calculated as
| Net Income | (Q: Sep. 2019 ) | ||||||
| = | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
| = | 177 | + | -34 | + | 0 | + | 4 |
| = | 147 |
Net Income for the trailing twelve months (TTM) ended in Sep. 2019 was -29 (Dec. 2018 ) + 329 (Mar. 2019 ) + 210 (Jun. 2019 ) + 147 (Sep. 2019 ) = $657 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
American Financial Group's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2019 is calculated as
| Earnings per Share (Diluted) (Q: Sep. 2019 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
| = | (147 | - | 0) | / | 91.100 | |
| = | 1.61 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
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