New Hope (FRA:OD8) EBIT : €432 Mil (TTM As of Jul. 2024)

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What is New Hope EBIT?

New Hope's earnings before interest and taxes (EBIT) for the six months ended in Jul. 2024 was €207 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jul. 2024 was €432 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Hope's annualized ROC % for the quarter that ended in Jul. 2024 was 9.88%. New Hope's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 34.50%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. New Hope's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jul. 2024 was 18.77%.

New Hope EBIT Historical Data

The historical data trend for New Hope'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.

New Hope EBIT Chart

New Hope Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

EBIT

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-124.44

82.98

958.71

947.83

434.09

New Hope Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
EBIT	Get a 7-Day Free Trial															632.12	620.10	362.10	225.20	206.70

Competitive Comparison of New Hope's EBIT

For the Thermal Coal subindustry, New Hope'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.

New Hope's EV-to-EBIT Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, New Hope's EV-to-EBIT distribution charts can be found below:

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

New Hope 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 Jul. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €432 Mil.

New Hope (FRA:OD8) EBIT Explanation

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

New Hope's annualized ROC % for the quarter that ended in Jul. 2024 is calculated as:

	ROC % (Q: Jul. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jan. 2024 )	+	Invested Capital (Q: Jul. 2024 ))	/ count )
=	228.044 * ( 1 - 32.7% )	/	( (1488.976	+	1618.287)	/ 2 )
=	153.473612	/	1553.6315
=	9.88 %

where

	Invested Capital		(Q: Jan. 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	))
=	1860.037	-	75.589	-	( 295.472	-	max(0, 142.158	-	578.367	+	295.472	))
=	1488.976

	Invested Capital		(Q: Jul. 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	))
=	2133.437	-	116.425	-	( 507.146	-	max(0, 378.078	-	776.803	+	507.146	))
=	1618.287

Note: The Operating Income data used here is two times the semi-annual (Jul. 2024) data.

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

New Hope's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jul. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jul. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jan. 2024		Q: Jul. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	413.402	/	( ( (1091.373 + max(146.506, 0))	+	(1121.109 + max(37.71, 0)) )	/	2 )
=	413.402	/	( ( 1237.879	+	1158.819 )	/	2 )
=	413.402	/	1198.349
=	34.50 %

where Working Capital is:

	Working Capital		(Q: Jan. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(105.672	+	58.096	+	119.127)	-	(75.589	+	0	+	60.8)
=	146.506

	Working Capital		(Q: Jul. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(63.462	+	71.812	+	108.553)	-	(116.425	+	0	+	89.692)
=	37.71

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jul. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jul. 2024 )
	=	431.903	/	2301.608
	=	18.77 %

New Hope EBIT Related Terms

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New Hope Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » New Hope Corp Ltd (FRA:OD8) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

NHPEF:USA OD8:Germany NHC:Australia

Address

175 Eagle Street, Level 18, Brisbane, QLD, AUS, 4000

Website

https://www.newhopegroup.com.au

New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 8.7 million in fiscal 2024, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 20% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.

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