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Tier One Capital LP (XCNQ:TLP.UN) Owner Earnings per Share (TTM) : 0.00 (As of Dec. 2022)


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What is Tier One Capital LP 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)."

Tier One Capital LP 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 Tier One Capital LP's Owner Earnings per Share (TTM) or its related term are showing as below:



XCNQ:TLP.UN'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.

Tier One Capital LP's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was C$0.33. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2023 was C$0.03. It's PE Ratio ratio for today is 100.00.

Tier One Capital LP's EPS without NRI for the three months ended in Sep. 2023 was C$0.37. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2023 was C$0.14. It's PE Ratio without NRI ratio for today is 18.57.


Tier One Capital LP Owner Earnings per Share (TTM) Historical Data

The historical data trend for Tier One Capital LP'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.

Tier One Capital LP Owner Earnings per Share (TTM) Chart

Tier One Capital LP Annual Data
Trend Sep13 Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Owner Earnings per Share (TTM)
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Tier One Capital LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Tier One Capital LP's Owner Earnings per Share (TTM)

For the Asset Management subindustry, Tier One Capital LP'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.


Tier One Capital LP's Price-to-Owner-Earnings Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tier One Capital LP's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Tier One Capital LP's Price-to-Owner-Earnings falls into.



Tier One Capital LP 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)

Tier One Capital LP 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.


Tier One Capital LP Owner Earnings per Share (TTM) Related Terms

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Tier One Capital LP (XCNQ:TLP.UN) Business Description

Traded in Other Exchanges
N/A
Address
56 The Esplanade, Suite 503, Toronto, ON, CAN, M5E 1A7
Tier One Capital LP invests in the debt securities of eligible businesses which have the potential for long-term growth. It invests in different sectors such as Media Technology, Health Care Information Technology, Security Software and Services, Other Technology and Financial, and Energy.

Tier One Capital LP (XCNQ:TLP.UN) Headlines

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