GURUFOCUS.COM » STOCK LIST » Latin America » Brazil » BSP » Fundo DE Investimento Imobiliario - Vbi Cri (BSP:CVBI11) » Definitions » Owner Earnings per Share (TTM)
Switch to:

Fundo DE Investimento Imobiliario - Vbi Cri (BSP:CVBI11) Owner Earnings per Share (TTM)

: (As of Dec. 2022)
View and export this data going back to 2019. Start your Free Trial

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Fundo DE Investimento Imobiliario - Vbi Cri does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Fundo DE Investimento Imobiliario - Vbi Cri's Owner Earnings per Share (TTM) or its related term are showing as below:



BSP:CVBI11's Price-to-Owner-Earnings is not ranked *
in the REITs industry.
Industry Median: 13.39
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Fundo DE Investimento Imobiliario - Vbi Cri's Earnings per Share (Diluted) for the six months ended in Dec. 2022 was R$6.10. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2022 was R$6.10. It's PE Ratio ratio for today is 15.59.

Fundo DE Investimento Imobiliario - Vbi Cri's EPS without NRI for the six months ended in Dec. 2022 was R$6.10. Its EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2022 was R$6.10. It's PE Ratio without NRI ratio for today is 15.59.


Fundo DE Investimento Imobiliario - Vbi Cri Owner Earnings per Share (TTM) Historical Data

The historical data trend for Fundo DE Investimento Imobiliario - Vbi Cri's Owner Earnings per Share (TTM) 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.

Fundo DE Investimento Imobiliario - Vbi Cri Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Owner Earnings per Share (TTM)
- - - -

Fundo DE Investimento Imobiliario - Vbi Cri Semi-Annual Data
Dec19 Dec20 Dec21 Dec22
Owner Earnings per Share (TTM) - - - -

Competitive Comparison

For the REIT - Residential subindustry, Fundo DE Investimento Imobiliario - Vbi Cri's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.


Fundo DE Investimento Imobiliario - Vbi Cri Price-to-Owner-Earnings Distribution

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario - Vbi Cri's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario - Vbi Cri's Price-to-Owner-Earnings falls into.



Fundo DE Investimento Imobiliario - Vbi Cri Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Fundo DE Investimento Imobiliario - Vbi Cri does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Fundo DE Investimento Imobiliario - Vbi Cri Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of Fundo DE Investimento Imobiliario - Vbi Cri's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


Fundo DE Investimento Imobiliario - Vbi Cri (BSP:CVBI11) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Rua Iguatemi, 151, 19th Floor, Itaim Bibi, Sao Paulo, SP, BRA, 01451-011
Fundo DE Investimento Imobiliario - Vbi Cri is a real estate investment fund. It aims to obtain income and capital gain through the investment of at least two thirds of equity directly in fixed income assets Real estate, specifically Certificates of Real Estate Receivables; Mortgage Bonds; Mortgage Bonds; Real Estate Letters Guaranteed; Fund shares FII real estate investment; and (SAW).

Fundo DE Investimento Imobiliario - Vbi Cri (BSP:CVBI11) Headlines

No Headlines