Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) EBIT: R$20.25 Mil (TTM As of Jun. 2025)

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BSP:VSHO11 Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11
78 GF Score
Price R$73.77
GF Value R$86.53
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Fundo DE Investimento Imobiliario Votorantim Shopping EBIT?

Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11 -0.50% 78 EBIT is R$20.25 Mil as of Jun. 2025. GuruFocus rates BSP:VSHO11 with a GF Score™ of 78/100 and a GF Value™ of R$86.53 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Fundo DE Investimento Imobiliario Votorantim Shopping's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2025 was R$20.25 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2025 was R$20.25 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fundo DE Investimento Imobiliario Votorantim Shopping's annualized ROC % for the quarter that ended in Jun. 2025 was 8.93%. Fundo DE Investimento Imobiliario Votorantim Shopping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was 585.94%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fundo DE Investimento Imobiliario Votorantim Shopping's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was 13.36%.

Fundo DE Investimento Imobiliario Votorantim Shopping  (BSP:VSHO11) EBIT Explanation

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

Fundo DE Investimento Imobiliario Votorantim Shopping's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=20.253 * ( 1 - 0% )/( (215.75 + 238.009)/ 2 )
=20.253/226.8795
=8.93 %

where

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))
=219.325 - 1.588 - ( 1.987 - max(0, 1.74 - 7.713+1.987))
=215.75

Invested Capital(Q: Jun. 2025 )
=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))
=243.981 - 2.766 - ( 3.206 - max(0, 2.918 - 9.121+3.206))
=238.009

Note: The Operating Income data used here is one times the annual (Jun. 2025) data.

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

Fundo DE Investimento Imobiliario Votorantim Shopping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20.253/( ( (0 + max(3.951, 0)) + (0 + max(2.962, 0)) )/ 2 )
=20.253/( ( 3.951 + 2.962 )/ 2 )
=20.253/3.4565
=585.94 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.691 + 0 + 0) - (1.588 + 0 + 0.152)
=3.951

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.88 + 0 + 0) - (2.766 + 0 + 0.152)
=2.962

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Jun. 2025) EBIT data.

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

Fundo DE Investimento Imobiliario Votorantim Shopping's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2025 )
=20.253/151.622
=13.36 %

* 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.

Fundo DE Investimento Imobiliario Votorantim Shopping EBIT Related Terms

Fundo DE Investimento Imobiliario Votorantim Shopping EBIT Historical Data

* Premium members only.

The historical data trend for Fundo DE Investimento Imobiliario Votorantim Shopping'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.

Fundo DE Investimento Imobiliario Votorantim Shopping EBIT Chart

Fundo DE Investimento Imobiliario Votorantim Shopping Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial 8.79 17.65 16.05 18.34 20.25

Fundo DE Investimento Imobiliario Votorantim Shopping Semi-Annual Data
Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT Get a 7-Day Free Trial 8.79 17.65 16.05 18.34 20.25

BSP:VSHO11 vs SPG, O, KIM: EBIT Comparison

For the REIT - Retail subindustry, Fundo DE Investimento Imobiliario Votorantim Shopping'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.

Fundo DE Investimento Imobiliario Votorantim Shopping EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Fundo DE Investimento Imobiliario Votorantim Shopping's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fundo DE Investimento Imobiliario Votorantim Shopping's EV-to-EBIT falls into.


BSP:VSHO11
78GF Score
Fundo DE Investimento Imobiliario Votorantim Shopping BSP:VSHO11
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fundo DE Investimento Imobiliario Votorantim Shopping 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Jun. 2025 was R$20.25 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R$20.25 Mil mean?
Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) has a EBIT of R$20.25 Mil as of Jun. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fundo DE Investimento Imobiliario Votorantim Shopping.
Is Fundo DE Investimento Imobiliario Votorantim Shopping's EBIT too high?
Fundo DE Investimento Imobiliario Votorantim Shopping's current EBIT is R$20.25 Mil. Overall, Fundo DE Investimento Imobiliario Votorantim Shopping has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario Votorantim Shopping's EBIT compare to SPG and O?
Fundo DE Investimento Imobiliario Votorantim Shopping's EBIT of R$20.25 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fundo DE Investimento Imobiliario Votorantim Shopping. Fundo DE Investimento Imobiliario Votorantim Shopping's current EBIT is R$20.25 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario Votorantim Shopping stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$86.53, compared to a current price of R$73.77 — trading 14.7% below its estimated fair value. The current EBIT is R$20.25 Mil. Fundo DE Investimento Imobiliario Votorantim Shopping's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11), the current EBIT is R$20.25 Mil as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping stock appears to be undervalued. The current stock price of R$73.77 is trading 14.7% below its estimated GF Value™ of R$86.53. GuruFocus considers Fundo DE Investimento Imobiliario Votorantim Shopping to be Modestly Undervalued.

Key valuation signals for BSP:VSHO11:

  • EBIT: R$20.25 Mil
  • GF Value™: R$86.53 vs. price of R$73.77 (14.7% below fair value)
  • GF Score™: 78/100 with 2 warning signs

No single metric tells the full story. See the BSP:VSHO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fundo DE Investimento Imobiliario Votorantim Shopping Business Description

Industry Real EstateREITs
Address Avenida FARIA LIMA, 4300, 7th Floor, Sao Paulo, SP, BRA, 4538132
Fundo DE Investimento Imobiliario Votorantim Shopping is a closed-end fund with an indefinite term, divided into registered, book-entry shares that correspond to ideal fractions of its assets. The fund's objective is to provide shareholders with returns on their investment through the partial or total acquisition of real estate, real rights over real estate, including shares, units of special purpose entities or units of real estate investment funds, for the purpose of commercial exploitation of real estate ventures related to shopping centers and related activities, such as strip malls, outlets or power centers.
78GF Score

Get the complete analysis for BSP:VSHO11

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$73.77
Price
R$86.53
GF Value