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Phoenix Vega Mezz (ATH:PVMEZZ) EBIT : €58.21 Mil (TTM As of Jun. 2024)


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What is Phoenix Vega Mezz EBIT?

Phoenix Vega Mezz's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €52.70 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €58.21 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Phoenix Vega Mezz's annualized ROC % for the quarter that ended in Jun. 2024 was 186.22%. Phoenix Vega Mezz's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 70,731.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Phoenix Vega Mezz's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 94.46%.

Phoenix Vega Mezz EBIT Historical Data

The historical data trend for Phoenix Vega Mezz'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.

Phoenix Vega Mezz EBIT Chart

Phoenix Vega Mezz Annual Data
Trend Dec21 Dec22 Dec23
EBIT
- 5.03 12.32

Phoenix Vega Mezz Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
EBIT - - 6.81 5.51 52.70

Competitive Comparison of Phoenix Vega Mezz's EBIT

For the Asset Management subindustry, Phoenix Vega Mezz'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.

Phoenix Vega Mezz's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Phoenix Vega Mezz's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Phoenix Vega Mezz's EV-to-EBIT falls into.


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Phoenix Vega Mezz 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 €58.21 Mil.

* 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.

Phoenix Vega Mezz  (ATH:PVMEZZ) EBIT Explanation

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

Phoenix Vega Mezz'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 )
=105.39 * ( 1 - 0.71% )/( (33.272 + 79.113)/ 2 )
=104.641731/56.1925
=186.22 %

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))
=47.685 - 0.049 - ( 14.364 - max(0, 0.1 - 14.762+14.364))
=33.272

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))
=100.419 - 0.25 - ( 21.148 - max(0, 0.326 - 21.382+21.148))
=79.113

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:

Phoenix Vega Mezz'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 )
=105.39/( ( (0 + max(0.298, 0)) + (0 + max(-0.091999999999998, 0)) )/ 2 )
=105.39/( ( 0.298 + 0 )/ 2 )
=105.39/0.149
=70,731.54 %

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)
=(0.034 + 0 + 0.364) - (0.049 + 0 + 0.051)
=0.298

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.234) - (0.25 + 0 + 0.076)
=-0.091999999999998

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:

Phoenix Vega Mezz's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=58.209/61.626
=94.46 %

* 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.

Phoenix Vega Mezz EBIT Related Terms

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Phoenix Vega Mezz Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Phoenix Vega Mezz PLC (ATH:PVMEZZ) » Definitions » EBIT
Comparable Companies
ATH:ANDRO ATH:CNLCAP BLK BX KKR OSTO:INVE A TSX:BAM APO TSX:BN LSE:III AMP XSWX:PGHN OSTO:EQT ARES RJF STT XAMS:CVC TROW TSX:PHYS.U NTRS
Traded in Other Exchanges
N/A
Address
33 Vasilissis Friderikis, Palais D’ Ivoire House, 2nd Floor, Nicosia, CYP, 1066
Website
https://www.phoenixvegamezz.com.cy
Phoenix Vega Mezz PLC is engaged in holding and managing mezzanine and junior securitization notes.

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