Independent Capital AG (HAM:I8CK) EBIT: €0.50 Mil (TTM As of Dec. 2024)


HAM:I8CK Independent Capital AG HAM:I8CK
44 GF Score
Price €0.82
GF Value €5.07
Valuation Possible Value Trap
! 5 Warning Signs
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What is Independent Capital AG EBIT?

Independent Capital AG HAM:I8CK 44 EBIT is €0.50 Mil as of Dec. 2024. GuruFocus rates HAM:I8CK with a GF Score™ of 44/100 and a GF Value™ of €5.07 (Possible Value Trap). The stock has 5 warning signs investors should review.

Independent Capital AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2024 was €0.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was €0.50 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Independent Capital AG's annualized ROC % for the quarter that ended in Dec. 2024 was 24.34%. Independent Capital AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 1,380.82%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Independent Capital AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 107.69%.

Independent Capital AG  (HAM:I8CK) EBIT Explanation

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

Independent Capital AG's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=0.377 * ( 1 - 0% )/( (1.473 + 1.625)/ 2 )
=0.377/1.549
=24.34 %

where

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))
=1.549 - 0.002 - ( 0.074 - max(0, 0.044 - 0.191+0.074))
=1.473

Invested Capital(Q: Dec. 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))
=2.073 - 0.022 - ( 0.455 - max(0, 0.076 - 0.502+0.455))
=1.625

Note: The Operating Income data used here is one times the annual (Dec. 2024) data.

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

Independent Capital AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=0.504/( ( (0 + max(0.073, 0)) + (0 + max(-0.029, 0)) )/ 2 )
=0.504/( ( 0.073 + 0 )/ 2 )
=0.504/0.0365
=1,380.82 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.03 + 0 + 0.087) - (0.002 + 0 + 0.042)
=0.073

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.03 + 0 + 0.017) - (0.022 + 0 + 0.054)
=-0.029

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2024) EBIT data.

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

Independent Capital AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2024 )
=0.504/0.468
=107.69 %

* 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.

Independent Capital AG EBIT Related Terms

Independent Capital AG EBIT Historical Data

* Premium members only.

The historical data trend for Independent Capital 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.

Independent Capital AG EBIT Chart

Independent Capital AG Annual Data
Trend Dec11 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.14 0.19 0.96 0.12 0.50

Independent Capital AG Semi-Annual Data
Dec10 Dec11 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.14 0.19 0.96 0.12 0.50

HAM:I8CK vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, Independent Capital 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.

Independent Capital AG EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Independent Capital AG's EV-to-EBIT distribution charts can be found below:

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


HAM:I8CK
44GF Score
Independent Capital AG HAM:I8CK
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Independent Capital 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was €0.50 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €0.50 Mil mean?
Independent Capital AG (HAM:I8CK) has a EBIT of €0.50 Mil as of Dec. 2024. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Independent Capital AG.
Is Independent Capital AG's EBIT too high?
Independent Capital AG's current EBIT is €0.50 Mil. Overall, Independent Capital AG has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Independent Capital AG's EBIT compare to BLK and BX?
Independent Capital AG's EBIT of €0.50 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Asset Management company?
A good EBIT depends on the Asset Management industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Independent Capital AG. Independent Capital AG's current EBIT is €0.50 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Capital AG stock overvalued right now?
Based on GuruFocus' analysis, Independent Capital AG (HAM:I8CK) is currently considered Possible Value Trap. The stock's GF Value™ is €5.07, compared to a current price of €0.82 — trading 83.8% below its estimated fair value. The current EBIT is €0.50 Mil. Independent Capital AG's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Independent Capital AG (HAM:I8CK), the current EBIT is €0.50 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Independent Capital AG (HAM:I8CK) Overvalued in 2026?

Based on GuruFocus' analysis, Independent Capital AG stock appears to be undervalued. The current stock price of €0.82 is trading 83.8% below its estimated GF Value™ of €5.07. GuruFocus considers Independent Capital AG to be Possible Value Trap.

Key valuation signals for HAM:I8CK:

  • EBIT: €0.50 Mil
  • GF Value™: €5.07 vs. price of €0.82 (83.8% below fair value)
  • GF Score™: 44/100 with 5 warning signs

No single metric tells the full story. See the HAM:I8CK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Independent Capital AG Business Description

Address Karlstrasse 52, Althengstett, Calw, BW, DEU, 75382
Independent Capital AG is a financing solutions provider. The company follows the crowd-solution principle and supports financing projects across the world by providing comprehensive advice on country-specific funding opportunities.
44GF Score

Get the complete analysis for HAM:I8CK

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.82
Price
€5.07
GF Value