Vantage Towers AG (HAM:VTWR) EBIT: €541 Mil (TTM As of Mar. 2023)


HAM:VTWR Vantage Towers AG HAM:VTWR
44 GF Score
Price €38.60
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What is Vantage Towers AG EBIT?

Vantage Towers AG HAM:VTWR 44 EBIT is €541 Mil as of Mar. 2023. GuruFocus rates HAM:VTWR with a GF Score™ of 44/100.

Vantage Towers AG's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2023 was €258 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was €541 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vantage Towers AG's annualized ROC % for the quarter that ended in Mar. 2023 was 4.04%. Vantage Towers AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 14.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Vantage Towers AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was 2.33%.

Vantage Towers AG  (HAM:VTWR) EBIT Explanation

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

Vantage Towers AG's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

ROC % (Q: Mar. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2022 ) + Invested Capital (Q: Mar. 2023 ))/ count )
=477.6 * ( 1 - 0% )/( (10431.7 + 13212.5)/ 2 )
=477.6/11822.1
=4.04 %

where

Invested Capital(Q: Sep. 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))
=10723.8 - 554.9 - ( 3.3 - max(0, 822.5 - 559.7+3.3))
=10431.7

Invested Capital(Q: Mar. 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))
=11035.8 - 322.1 - ( 177.5 - max(0, 3098.6 - 599.8+177.5))
=13212.5

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

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

Vantage Towers AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2022  Q: Mar. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=516.6/( ( (3367 + max(-384.6, 0)) + (3561.8 + max(-551.6, 0)) )/ 2 )
=516.6/( ( 3367 + 3561.8 )/ 2 )
=516.6/3464.4
=14.91 %

where Working Capital is:

Working Capital(Q: Sep. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(179.1 + 0 + -0.099999999999909) - (554.9 + 0 + 8.7)
=-384.6

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17.3 + 0 + 68.9) - (322.1 + 0 + 315.7)
=-551.6

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2023 )
=540.7/23203.948
=2.33 %

* 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.

Vantage Towers AG EBIT Related Terms

Vantage Towers AG EBIT Historical Data

* Premium members only.

The historical data trend for Vantage Towers 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.

Vantage Towers AG EBIT Chart

Vantage Towers AG Annual Data
Trend Mar21 Mar22 Mar23
EBIT
259.20 533.40 540.70

Vantage Towers AG Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23
EBIT Get a 7-Day Free Trial 169.70 253.60 279.80 282.40 258.30

HAM:VTWR vs BEKE, CBRE, CSGP: EBIT Comparison

For the Real Estate Services subindustry, Vantage Towers 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.

Vantage Towers AG EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Vantage Towers AG's EV-to-EBIT distribution charts can be found below:

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


HAM:VTWR
44GF Score
Vantage Towers AG HAM:VTWR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Vantage Towers 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €541 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 €541 Mil mean?
Vantage Towers AG (HAM:VTWR) has a EBIT of €541 Mil as of Mar. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Vantage Towers AG.
Is Vantage Towers AG's EBIT too high?
Vantage Towers AG's current EBIT is €541 Mil. Overall, Vantage Towers AG has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Towers AG's EBIT compare to BEKE and CBRE?
Vantage Towers AG's EBIT of €541 Mil can be compared against companies in the Real Estate 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 a Real Estate company?
A good EBIT depends on the Real Estate 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 Vantage Towers AG. Vantage Towers AG's current EBIT is €541 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Towers AG stock overvalued right now?
Vantage Towers AG (HAM:VTWR) has a current EBIT of €541 Mil. The current EBIT is €541 Mil. Vantage Towers AG's overall GF Score™ is 44/100. 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 Vantage Towers AG (HAM:VTWR), the current EBIT is €541 Mil as of Mar. 2023. 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.

Vantage Towers AG Business Description

Address Prinzenallee 11-13, Dusseldorf, NW, DEU, 40549
Vantage is the tower arm of Vodafone, spun off in 2021. Vantage fully owns 45,000 towers in Germany, Spain, Greece, and other European countries. Vantage also owns stakes in Inwit (22,000 towers, Vantage owns 33% stake), the Italian tower operator resulting from the merger of Vodafone and Telecom Italia's towers in the region, and Cornerstone (14,000 towers, 50% stake) a tower joint venture in the U.K. with Telefonica.
44GF Score

Get the complete analysis for HAM:VTWR

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

€38.60
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