GEK Terna Holding Real Estate Construction (ATH:GEKTERNA) EBIT : €410 Mil (TTM As of Jun. 2024)

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What is GEK Terna Holding Real Estate Construction EBIT?

GEK Terna Holding Real Estate Construction's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €181 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €410 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GEK Terna Holding Real Estate Construction's annualized ROC % for the quarter that ended in Jun. 2024 was 5.56%. GEK Terna Holding Real Estate Construction's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 32.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 12.90%.

GEK Terna Holding Real Estate Construction EBIT Historical Data

The historical data trend for GEK Terna Holding Real Estate Construction'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.

GEK Terna Holding Real Estate Construction EBIT Chart

GEK Terna Holding Real Estate Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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182.22

138.16

242.07

334.50

408.17

GEK Terna Holding Real Estate Construction Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial															88.69	245.82	178.64	229.53	180.73

Competitive Comparison of GEK Terna Holding Real Estate Construction's EBIT

For the Engineering & Construction subindustry, GEK Terna Holding Real Estate Construction'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.

GEK Terna Holding Real Estate Construction's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, GEK Terna Holding Real Estate Construction's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where GEK Terna Holding Real Estate Construction's EV-to-EBIT falls into.

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GEK Terna Holding Real Estate Construction 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €410 Mil.

GEK Terna Holding Real Estate Construction (ATH:GEKTERNA) EBIT Explanation

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

GEK Terna Holding Real Estate Construction's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	345.654 * ( 1 - 28.68% )	/	( (4185.057	+	4689.434)	/ 2 )
=	246.5204328	/	4437.2455
=	5.56 %

where

	Invested Capital		(Q: Dec. 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	))
=	6054.329	-	526.786	-	( 1342.486	-	max(0, 1354.222	-	3069.69	+	1342.486	))
=	4185.057

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	6282.006	-	444.86	-	( 1147.712	-	max(0, 2789.365	-	4565.56	+	1147.712	))
=	4689.434

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

GEK Terna Holding Real Estate Construction's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	361.468	/	( ( (1593.998 + max(88.536, 0))	+	(306.508 + max(218.902, 0)) )	/	2 )
=	361.468	/	( ( 1682.534	+	525.41 )	/	2 )
=	361.468	/	1103.972
=	32.74 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(556.115	+	66.93	+	525.223)	-	(526.786	+	0	+	532.946)
=	88.536

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(467.457	+	56.142	+	2137.267)	-	(444.86	+	0	+	1997.104)
=	218.902

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

GEK Terna Holding Real Estate Construction's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	410.265	/	3180.120
	=	12.90 %

GEK Terna Holding Real Estate Construction EBIT Related Terms

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GEK Terna Holding Real Estate Construction Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GEK Terna Holding Real Estate Construction SA (ATH:GEKTERNA) » Definitions » EBIT

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0JT4:UK 1GT:Germany

Address

85, Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.gekterna.com

GEK Terna Holding Real Estate Construction SA is a building construction company engaged in the development and management of investment property. The firm constructs property of any kind, manages self-financed or co-financed projects, operates energy projects, as well as its, participates in companies having similar activities. It operates in seven business segments, Construction, Electricity from RES, Electricity from thermal energy and EP/NG trading , Real Estate, Mining/Industry, Concessions, and Holding. GEK Terna operates in Greece, Balkans, Eastern Europe, the USA, and other regions.

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