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Fortinova Fastigheter AB (FRA:733) EBIT : €6.60 Mil (TTM As of Sep. 2024)


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What is Fortinova Fastigheter AB EBIT?

Fortinova Fastigheter AB's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €2.02 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €6.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fortinova Fastigheter AB's annualized ROC % for the quarter that ended in Sep. 2024 was 5.68%. Fortinova Fastigheter AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 73.03%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.95%.


Fortinova Fastigheter AB EBIT Historical Data

The historical data trend for Fortinova Fastigheter AB'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.

Fortinova Fastigheter AB EBIT Chart

Fortinova Fastigheter AB Annual Data
Trend Aug18 Aug19 Aug20 Aug21
EBIT
- 11.03 11.93 39.20

Fortinova Fastigheter AB Quarterly Data
Aug19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -3.47 -6.67 5.80 5.46 2.02

Competitive Comparison of Fortinova Fastigheter AB's EBIT

For the Real Estate Services subindustry, Fortinova Fastigheter AB'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.


Fortinova Fastigheter AB's EV-to-EBIT Distribution in the Real Estate Industry

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

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



Fortinova Fastigheter AB 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €6.60 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.


Fortinova Fastigheter AB  (FRA:733) EBIT Explanation

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

Fortinova Fastigheter AB's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=19.908 * ( 1 - -44.03% )/( (492.865 + 516.298)/ 2 )
=28.6734924/504.5815
=5.68 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Fortinova Fastigheter AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=8.068/( ( (1.453 + max(9.665, 0)) + (1.392 + max(9.584, 0)) )/ 2 )
=8.068/( ( 11.118 + 10.976 )/ 2 )
=8.068/11.047
=73.03 %

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)
=(1.054 + 8.611 + 3.5527136788005E-15) - (0 + 0 + 0)
=9.665

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.092 + 8.491 + 0.0010000000000012) - (0 + 0 + 0)
=9.584

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

Fortinova Fastigheter AB's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=6.602/338.985
=1.95 %

* 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.


Fortinova Fastigheter AB EBIT Related Terms

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Fortinova Fastigheter AB Business Description

Traded in Other Exchanges
Address
Norrgatan 10, Varberg, SWE, 432 41
Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

Fortinova Fastigheter AB Headlines

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