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Big 8 Split (TSX:BIG.PR.D.PFD) Owner Earnings per Share (TTM) : 0.00 (As of Dec. 2016)


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What is Big 8 Split Owner Earnings per Share (TTM)?

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)."

Big 8 Split 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 Big 8 Split's Owner Earnings per Share (TTM) or its related term are showing as below:



TSX:BIG.PR.D.PFD's Price-to-Owner-Earnings is not ranked *
in the Asset Management industry.
Industry Median: 11.35
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Big 8 Split's Earnings per Share (Diluted) for the six months ended in Jun. 2018 was C$0.00. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2018 was C$0.00. It's PE Ratio ratio for today is N/A.

Big 8 Split's EPS without NRI for the six months ended in Jun. 2018 was C$0.00. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2018 was C$0.00. It's PE Ratio without NRI ratio for today is N/A.


Big 8 Split Owner Earnings per Share (TTM) Historical Data

The historical data trend for Big 8 Split'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.

Big 8 Split Owner Earnings per Share (TTM) Chart

Big 8 Split Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Owner Earnings per Share (TTM)
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Big 8 Split Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Big 8 Split's Owner Earnings per Share (TTM)

For the Asset Management subindustry, Big 8 Split'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.


Big 8 Split's Price-to-Owner-Earnings Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Big 8 Split's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Big 8 Split's Price-to-Owner-Earnings falls into.



Big 8 Split 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)

Big 8 Split 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.


Big 8 Split Owner Earnings per Share (TTM) Related Terms

Thank you for viewing the detailed overview of Big 8 Split's Owner Earnings per Share (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.


Big 8 Split (TSX:BIG.PR.D.PFD) Business Description

Traded in Other Exchanges
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Address
Big 8 Split Inc is a Canada based closed-end investment fund company. Its principal business is to invest in private equity, private debt, and public securities. In private equity investment, the company directly invests in real estate. The group also makes direct investments in mortgages and other debt secured by real estate in private debt investments. Public securities investments include investments in public listed companies that own investment-grade real estate. In addition, the company also offers integrated solutions by combining the three investment strategies into one balanced vehicle for specific investment mandates. Timbercreek Asset Management is the investment fund manager of the company.

Big 8 Split (TSX:BIG.PR.D.PFD) Headlines

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