Icade (FRA:3IC) EBIT : €-983 Mil (TTM As of Jun. 2024)

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What is Icade EBIT?

Icade's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €-190 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €-983 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Icade's annualized ROC % for the quarter that ended in Jun. 2024 was 1.13%. Icade's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -44.44%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Icade's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -18.66%.

Icade EBIT Historical Data

The historical data trend for Icade'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.

Icade EBIT Chart

Icade Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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453.20

305.80

753.20

-101.40

-1,231.30

Icade 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															230.40	-331.80	-438.00	-793.30	-189.80

Competitive Comparison of Icade's EBIT

For the REIT - Diversified subindustry, Icade'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.

Icade's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Icade's EV-to-EBIT distribution charts can be found below:

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

Icade 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 €-983 Mil.

Icade (FRA:3IC) EBIT Explanation

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

Icade'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 )
=	108.2 * ( 1 - 11.42% )	/	( (8635.2	+	8339.2)	/ 2 )
=	95.84356	/	8487.2
=	1.13 %

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	))
=	11601	-	1093.4	-	( 1872.4	-	max(0, 1865.3	-	4637.7	+	1872.4	))
=	8635.2

	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	))
=	10823.5	-	1330.6	-	( 1153.7	-	max(0, 1999.6	-	4072.8	+	1153.7	))
=	8339.2

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:

Icade'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 )
=	-379.6	/	( ( (55.9 + max(1066, 0))	+	(45.7 + max(540.8, 0)) )	/	2 )
=	-379.6	/	( ( 1121.9	+	586.5 )	/	2 )
=	-379.6	/	854.2
=	-44.44 %

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)
=	(168.9	+	742.2	+	1460.2)	-	(1093.4	+	0	+	211.9)
=	1066

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(172.9	+	695.5	+	1135.6)	-	(1330.6	+	0	+	132.6)
=	540.8

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	-983.1	/	5267.477
	=	-18.66 %

Icade EBIT Related Terms

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Icade Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Icade (FRA:3IC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

CDMGF:USA ICADp:UK 0K4O:UK ICAD:France 3IC:Germany

Address

Immeuble Open, 27, Rue Camille Desmoulins, Issy-les-Moulineaux, Paris, FRA, 92445

Website

https://www.icade.fr

Icade is a French real estate investment trust involved in the ownership and management of commercial property around Paris. The vast majority of Icade's real estate portfolio is split between office and business park properties. Nearly all of these are located in Greater Paris with roughly half residing in the inner and outer rings of the metro area. Icade derives Majority of its revenue from its Property Development division through the sale of real estate. Rental income from short- to mid-term leases out of its Property Investment division also represents a substantial revenue stream. Institutional investors, private investors, and buyers represent fairly equal parts of the company's customer orders. Icade also has holdings in healthcare properties outside of the Paris region.

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