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Mersen (FRA:CBE) EBIT : €126 Mil (TTM As of Dec. 2023)


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What is Mersen EBIT?

Mersen's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €126 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mersen's annualized ROC % for the quarter that ended in Dec. 2023 was 8.37%. Mersen's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mersen's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.36%.


Mersen EBIT Historical Data

The historical data trend for Mersen'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.

Mersen EBIT Chart

Mersen Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.80 14.80 85.90 106.30 126.00

Mersen Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 44.20 54.30 52.00 68.80 57.20

Competitive Comparison of Mersen's EBIT

For the Electrical Equipment & Parts subindustry, Mersen'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.


Mersen's EV-to-EBIT Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mersen's EV-to-EBIT distribution charts can be found below:

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



Mersen 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €126 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.


Mersen  (FRA:CBE) EBIT Explanation

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

Mersen's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=136.8 * ( 1 - 24.09% )/( (1218.6 + 1262.3)/ 2 )
=103.84488/1240.45
=8.37 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

Mersen's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=114.4/( ( (530.5 + max(205, 0)) + (612.3 + max(186, 0)) )/ 2 )
=114.4/( ( 735.5 + 798.3 )/ 2 )
=114.4/766.9
=14.92 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(185.4 + 316.9 + 19) - (210 + 0 + 106.3)
=205

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(168.8 + 299.2 + 17.8) - (208.7 + 0 + 91.1)
=186

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=126/1216.060
=10.36 %

* 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.


Mersen EBIT Related Terms

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Mersen (FRA:CBE) Business Description

Traded in Other Exchanges
Address
Tour Trinity, 1 bis place de la Defense, Courbevoie, FRA, 92400
Mersen SA manufactures and sells electrical power products and advanced materials in France, North America, the rest of Europe, the Asia-Pacific, and internationally. The business activity of the group functions through the Advanced Materials segment and Electrical Power segment. The Advanced Materials segment brings the businesses related to carbon materials - graphite specialties for high-temperature applications, anti-corrosion equipment designed primarily for chemicals and power transmission technologies, whereas the Electrical Power segment brings the businesses related to the electrical market - namely Solutions for Power Management and electrical protection and control, primarily fuses, industrial fuse holders, and surge protection solutions.

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