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Midland Holdings (HKSE:01200) EBIT : HK$155 Mil (TTM As of Jun. 2024)


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What is Midland Holdings EBIT?

Midland Holdings's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$222 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$155 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Midland Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 43.20%. Midland Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 99.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Midland Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 32.33%.


Midland Holdings EBIT Historical Data

The historical data trend for Midland Holdings'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.

Midland Holdings EBIT Chart

Midland Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.51 184.12 174.08 -555.45 -0.23

Midland Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -238.74 -316.71 66.90 -67.13 222.24

Competitive Comparison of Midland Holdings's EBIT

For the Real Estate Services subindustry, Midland Holdings'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.


Midland Holdings's EV-to-EBIT Distribution in the Real Estate Industry

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

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



Midland Holdings 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$155 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.


Midland Holdings  (HKSE:01200) EBIT Explanation

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

Midland Holdings's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=474.834 * ( 1 - 15.67% )/( (898.64 + 955.396)/ 2 )
=400.4275122/927.018
=43.20 %

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))
=3569.187 - 2404.95 - ( 532.147 - max(0, 2796.788 - 3062.385+532.147))
=898.64

Invested Capital(Q: Jun. 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))
=5051.894 - 3580.834 - ( 664.582 - max(0, 4127.712 - 4643.376+664.582))
=955.396

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

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

Midland Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=444.482/( ( (382.466 + max(-99.489, 0)) + (310.599 + max(200.024, 0)) )/ 2 )
=444.482/( ( 382.466 + 510.623 )/ 2 )
=444.482/446.5445
=99.54 %

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)
=(2305.078 + 0 + 0.38300000000027) - (2404.95 + 0 + 0)
=-99.489

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3780.267 + 0 + 0.59100000000035) - (3580.834 + 0 + 9.0949470177293E-13)
=200.024

When net working capital is negative, 0 is used.

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

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

Midland Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=155.113/479.751
=32.33 %

* 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.


Midland Holdings EBIT Related Terms

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Midland Holdings Business Description

Traded in Other Exchanges
N/A
Address
19 Des Voeux Road Central, Room 2505-8, 25th Floor, World Wide House, Hong Kong, HKG
Midland Holdings Ltd is an investment holding company principally engaged in the provision of property agency services for residential, commercial, and industrial properties and shops. The company is also engaged in the leasing of property, the operation of an Internet Website, and the provision of immigration consultancy services, administration, and treasury services to group companies, as well as professional surveying consultancy and valuation services in Hong Kong through its subsidiaries. It generates the majority of its revenue from the Residential properties segment.
Executives
Lam Yuen Hing 2101 Beneficial owner
Southern Field Trading Limited 2201 Interest of corporation controlled by you
Sunluck Services Limited 2101 Beneficial owner
Wong Kin Yip Freddie 2201 Interest of corporation controlled by you
Tang Mei Lai Metty
Edgbaston Investment Partners Llp 2102 Investment manager
Massachusetts Financial Services Company 2102 Investment manager
Sun Life Financial Inc. 2201 Interest of corporation controlled by you
Sun Life Of Canada (u.s.) Financial Services Holdings, Inc. 2201 Interest of corporation controlled by you
Hosking Partners Llp 2102 Investment manager

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