Emmis (EMMS) EBIT: $-24.72 Mil (TTM As of Feb. 2020)


EMMS Emmis Corp EMMS
16 GF Score
Price $1.55
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What is Emmis EBIT?

Emmis EMMS 16 EBIT is $-24.72 Mil as of Feb. 2020. GuruFocus rates EMMS with a GF Score™ of 16/100.

Emmis's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2020 was $-17.56 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2020 was $-24.72 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emmis's annualized ROC % for the quarter that ended in Feb. 2020 was -5.30%. Emmis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2020 was -258.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Emmis's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2020 was -82.00%.

Emmis  (OTCPK:EMMS) EBIT Explanation

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

Emmis's annualized ROC % for the quarter that ended in Feb. 2020 is calculated as:

ROC % (Q: Feb. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2019 ) + Invested Capital (Q: Feb. 2020 ))/ count )
=-11.148 * ( 1 - 41.15% )/( (123.925 + 123.633)/ 2 )
=-6.560598/123.779
=-5.30 %

where

Invested Capital(Q: Nov. 2019 )
=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))
=241.507 - 28.106 - ( 111.345 - max(0, 41.285 - 130.761+111.345))
=123.925

Invested Capital(Q: Feb. 2020 )
=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))
=221.992 - 7.237 - ( 93.036 - max(0, 20.414 - 111.536+93.036))
=123.633

Note: The Operating Income data used here is four times the quarterly (Feb. 2020) data.

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

Emmis's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2020 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2020 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2019  Q: Feb. 2020
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-70.22/( ( (23.899 + max(-13.197, 0)) + (23.63 + max(6.906, 0)) )/ 2 )
=-70.22/( ( 23.899 + 30.536 )/ 2 )
=-70.22/27.2175
=-258.00 %

where Working Capital is:

Working Capital(Q: Nov. 2019 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.599 + 0 + 13.817) - (28.106 + 2.639 + 1.868)
=-13.197

Working Capital(Q: Feb. 2020 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.627 + 0 + 13.873) - (7.237 + 2.605 + 1.752)
=6.906

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2020) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2020 )
=-24.722/30.148
=-82.00 %

* 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.

Emmis EBIT Related Terms

Emmis EBIT Historical Data

* Premium members only.

The historical data trend for Emmis'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.

Emmis EBIT Chart

Emmis Annual Data
Trend Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.72 31.13 88.17 19.65 -30.30

Emmis Quarterly Data
May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20
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 -2.69 4.70 -5.47 -6.40 -17.56

EMMS vs SALM, UONE, NTN: EBIT Comparison

For the Broadcasting subindustry, Emmis'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.

Emmis EV-to-EBIT vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Emmis's EV-to-EBIT distribution charts can be found below:

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


EMMS
16GF Score
Emmis Corp EMMS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Emmis 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 Feb. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24.72 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 $-24.72 Mil mean?
Emmis (EMMS) has a EBIT of $-24.72 Mil as of Feb. 2020. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Emmis.
Is Emmis' EBIT too high?
Emmis' current EBIT is $-24.72 Mil. Overall, Emmis has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Emmis' EBIT compare to SALM and UONE?
Emmis' EBIT of $-24.72 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good EBIT depends on the Media - Diversified 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 Emmis. Emmis's current EBIT is $-24.72 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emmis stock overvalued right now?
Emmis (EMMS) has a current EBIT of $-24.72 Mil. The current EBIT is $-24.72 Mil. Emmis' overall GF Score™ is 16/100. 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 Emmis (EMMS), the current EBIT is $-24.72 Mil as of Feb. 2020. 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.

Emmis Business Description

Address 40 Monument Circle, Suite 700, One EMMIS Plaza, Indianapolis, IN, USA, 46204
Emmis Corp, formerly Emmis Communications Corp is a diversified media company principally focused on radio broadcasting. The company owns and operates radio and magazine entities in large and medium-sized markets throughout the United States. Its operations have aligned into two business segments: Radio and Publishing. A vast majority of revenue is generated from the Radio segment. The company generates revenue in the form of Advertising; Circulation, which includes revenues from digital and home delivery subscriptions; Nontraditional, which includes ticket sales and sponsorship of events on their stations and magazine conduct; LMA(Local Marketing Agreement) Fees; and other revenues.
16GF Score

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

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