Fomento de Construcciones y Contratas (FRA:FCC) EBIT : €719 Mil (TTM As of Jun. 2023)

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What is Fomento de Construcciones y Contratas EBIT?

Fomento de Construcciones y Contratas's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was €515 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was €719 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fomento de Construcciones y Contratas's annualized ROC % for the quarter that ended in Jun. 2023 was 6.01%. Fomento de Construcciones y Contratas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 25.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fomento de Construcciones y Contratas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 7.55%.

Fomento de Construcciones y Contratas EBIT Historical Data

The historical data trend for Fomento de Construcciones y Contratas'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.

Fomento de Construcciones y Contratas EBIT Chart

Fomento de Construcciones y Contratas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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533.21

635.10

562.84

914.98

670.90

Fomento de Construcciones y Contratas Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															412.46	502.52	467.19	203.71	515.11

Competitive Comparison of Fomento de Construcciones y Contratas's EBIT

For the Waste Management subindustry, Fomento de Construcciones y Contratas'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.

Fomento de Construcciones y Contratas's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Fomento de Construcciones y Contratas's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fomento de Construcciones y Contratas's EV-to-EBIT falls into.

Fomento de Construcciones y Contratas 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €719 Mil.

Fomento de Construcciones y Contratas (FRA:FCC) EBIT Explanation

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

Fomento de Construcciones y Contratas's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	945.19 * ( 1 - 23.83% )	/	( (12000.062	+	11954.215)	/ 2 )
=	719.951223	/	11977.1385
=	6.01 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	15282.541	-	2171.413	-	( 1728.429	-	max(0, 4296.933	-	5407.999	+	1728.429	))
=	12000.062

	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	))
=	15968.905	-	2924.784	-	( 1619.111	-	max(0, 4703.541	-	5793.447	+	1619.111	))
=	11954.215

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

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

Fomento de Construcciones y Contratas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1030.222	/	( ( (3496.804 + max(441.08, 0))	+	(3705.044 + max(477.733, 0)) )	/	2 )
=	1030.222	/	( ( 3937.884	+	4182.777 )	/	2 )
=	1030.222	/	4060.3305
=	25.37 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2020.809	+	1060.171	+	466.66)	-	(2171.413	+	0	+	935.147)
=	441.08

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2457.658	+	1205.198	+	180.743)	-	(2924.784	+	0	+	441.082)
=	477.733

When net working capital is negative, 0 is used.

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

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

Fomento de Construcciones y Contratas's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	718.825	/	9522.828
	=	7.55 %

Fomento de Construcciones y Contratas EBIT Related Terms

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Fomento de Construcciones y Contratas (FRA:FCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Fomento de Construcciones y Contratas SA (FRA:FCC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FMOCF:USA 0HAA:UK FCC:Spain FCC:Germany

Address

Federico Salmon, 13, Madrid, ESP, 28016

Website

http://www.fcc.es

Fomento de Construcciones y Contratas SA is in the business of environmental services, end to end water management, construction and cement. The company's activities include services related to urban water treatment, waste recovery, end to end water cycle and also infrastructure construction projects, building construction, manufacturing of cement and concrete and operation of quarries and mineral deposits. The firm derives majority of its revenues from environmental services segment. It carries out international operations in European, the US and Latin American markets.

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