EDNMY (Edenred SE) EBIT : $787 Mil (TTM As of Jun. 2024)

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What is Edenred SE EBIT?

Edenred SE's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $463 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $787 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Edenred SE's annualized ROC % for the quarter that ended in Jun. 2024 was 5.08%. Edenred SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 511.76%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Edenred SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 8.30%.

Edenred SE EBIT Historical Data

The historical data trend for Edenred SE'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.

Edenred SE EBIT Chart

Edenred SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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561.11

490.27

549.15

677.97

730.64

Edenred SE 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															284.36	393.01	404.12	323.88	462.86

Competitive Comparison of Edenred SE's EBIT

For the Credit Services subindustry, Edenred SE'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.

Edenred SE's EV-to-EBIT Distribution in the Credit Services Industry

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

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

Edenred SE 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 $787 Mil.

Edenred SE (OTCPK:EDNMY) EBIT Explanation

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

Edenred SE'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 )
=	925.726 * ( 1 - 32.89% )	/	( (11757.906	+	12715.824)	/ 2 )
=	621.2547186	/	12236.865
=	5.08 %

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	))
=	14498.364	-	3635.769	-	( 3664.122	-	max(0, 10601.963	-	9706.652	+	3664.122	))
=	11757.906

	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	))
=	14651.238	-	3755.651	-	( 3473.628	-	max(0, 11536.06	-	9715.823	+	3473.628	))
=	12715.824

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:

Edenred SE'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 )
=	925.726	/	( ( (174.482 + max(-4296.62, 0))	+	(187.298 + max(-3559.742, 0)) )	/	2 )
=	925.726	/	( ( 174.482	+	187.298 )	/	2 )
=	925.726	/	180.89
=	511.76 %

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)
=	(3040.349	+	73.064	+	2568.157)	-	(3635.769	+	0	+	6342.421)
=	-4296.62

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3311.087	+	766.416	+	2164.692)	-	(3755.651	+	0	+	6046.286)
=	-3559.742

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	786.745	/	9476.747
	=	8.30 %

Edenred SE EBIT Related Terms

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Edenred SE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Edenred SE (OTCPK:EDNMY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

EDNMF:USA EDENp:UK 0MUM:UK EDEN:France QSV:Germany EDEN:Austria

Address

14-16 Boulevard Garibaldi, Issy-les-Moulineaux, Paris, FRA, 92130

Website

https://www.edenred.com

Edenred is a France-listed prepaid corporate services provider operating in 45 countries. The company was listed in 2010 following a spinoff from hotel group Accor. Edenred's main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide to their employees as an additional benefit. The company is also involved in other areas such as prepaid fuel cards and payment and expense-management systems. Edenred is also moving "beyond" its historical services, adding wellbeing, gift, EV, toll and business to business accounts payable automation services.