Ems-Chemie Holding AG (FRA:EMC1) EBIT : €513 Mil (TTM As of Dec. 2023)

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What is Ems-Chemie Holding AG EBIT?

Ems-Chemie Holding AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €226 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €513 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ems-Chemie Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 was 24.55%. Ems-Chemie Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ems-Chemie Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.32%.

Ems-Chemie Holding AG EBIT Historical Data

The historical data trend for Ems-Chemie Holding AG'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.

Ems-Chemie Holding AG EBIT Chart

Ems-Chemie Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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568.88

473.16

616.93

615.38

522.48

Ems-Chemie Holding AG 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															307.51	315.92	287.07	287.03	225.58

Competitive Comparison of Ems-Chemie Holding AG's EBIT

For the Specialty Chemicals subindustry, Ems-Chemie Holding AG'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.

Ems-Chemie Holding AG's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ems-Chemie Holding AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ems-Chemie Holding AG's EV-to-EBIT falls into.

Ems-Chemie Holding AG 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 €513 Mil.

Ems-Chemie Holding AG (FRA:EMC1) EBIT Explanation

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

Ems-Chemie Holding AG'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 )
=	451.94 * ( 1 - -1.07% )	/	( (2110.681	+	1610.173)	/ 2 )
=	456.775758	/	1860.427
=	24.55 %

where

	Invested Capital		(Q: Jun. 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	))
=	2520.721	-	173.242	-	( 236.798	-	max(0, 315.731	-	1764.197	+	236.798	))
=	2110.681

	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	))
=	2297.963	-	194.467	-	( 493.323	-	max(0, 310.945	-	1458.435	+	493.323	))
=	1610.173

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:

Ems-Chemie Holding AG'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 )
=	451.15	/	( ( (637.612 + max(1217.819, 0))	+	(647.305 + max(592.488, 0)) )	/	2 )
=	451.15	/	( ( 1855.431	+	1239.793 )	/	2 )
=	451.15	/	1547.612
=	29.15 %

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)
=	(362.885	+	592.508	+	572.006)	-	(173.242	+	0	+	136.338)
=	1217.819

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(314.955	+	523.703	+	35.422)	-	(194.467	+	0	+	87.125)
=	592.488

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:

Ems-Chemie Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	512.603	/	15437.464
	=	3.32 %

Ems-Chemie Holding AG EBIT Related Terms

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Ems-Chemie Holding AG (FRA:EMC1) Business Description

Industry

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Traded in Other Exchanges

EMSHF:USA EMSNz:UK 0QM9:UK EMSN:Switzerland

Address

Via Innovativa 1, Domat/Ems, CHE, 7013

Website

https://www.ems-group.com

Ems-Chemie Holding AG is a holding company, which, through its subsidiaries, manufactures and sells a variety of chemical-based products. The firm organizes itself into two segments based on product type: High-Performance Polymers and Specialty Chemicals. The High-Performance Polymers segment, which generates the majority of revenue, sells plastic products to the automotive, electrical, and electronics industries. The Specialty Chemicals segment sells fibres, bonding agents for tires, and fusible bonding yarns for textiles and powder coating products. The majority of revenue comes from Europe.

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