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DCYHY (Discovery) EBIT : $708 Mil (TTM As of Jun. 2024)


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What is Discovery EBIT?

Discovery's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $370 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $708 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Discovery's annualized ROC % for the quarter that ended in Jun. 2024 was 4.09%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Discovery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 9.72%.


Discovery EBIT Historical Data

The historical data trend for Discovery'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.

Discovery EBIT Chart

Discovery Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 140.60 448.28 575.11 625.29 711.27

Discovery 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 208.73 339.70 312.14 337.74 369.80

Competitive Comparison of Discovery's EBIT

For the Insurance - Life subindustry, Discovery'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.


Discovery's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Discovery's EV-to-EBIT distribution charts can be found below:

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



Discovery 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 $708 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.


Discovery  (OTCPK:DCYHY) EBIT Explanation

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

Discovery's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=739.592 * ( 1 - 23.35% )/( (13281.6307 + 14430.6073)/ 2 )
=566.897268/13856.119
=4.09 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=14057.147 - 81.469 - ( 778.573 - 5% * 1690.514 )
=13281.6307

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=15416.434 - 78.571 - ( 1006.018 - 5% * 1975.246 )
=14430.6073

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

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Discovery's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=707.534/7276.860
=9.72 %

* 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.


Discovery EBIT Related Terms

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Discovery Business Description

Address
1 Discovery Place, Sandton, Johannesburg, GT, ZAF, 2196
Discovery Ltd sells multiple insurance products and provides investment management services. The company has reportable segments based on a combination of products and services which are Health South Africa, Life South Africa, Invest South Africa, Vitality South Africa, Insure South Africa, Bank South Africa, Health United Kingdom, Life United Kingdom, and other segment which include SA insure, SA bank, SA distribution, vitality group. It serves employers for health insurance, as well as individual clients who buy health and life insurance and investment products across the UK, us, China, Singapore, and Australia.

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