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ESR Group (HKSE:01821) EBIT : HK$1,097 Mil (TTM As of Jun. 2024)


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What is ESR Group EBIT?

ESR Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$-276 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$1,097 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ESR Group's annualized ROC % for the quarter that ended in Jun. 2024 was -0.54%. ESR Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -16.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. ESR Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.21%.


ESR Group EBIT Historical Data

The historical data trend for ESR Group'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.

ESR Group EBIT Chart

ESR Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 4,219.91 4,326.48 5,087.98 8,077.66 5,522.61

ESR Group Semi-Annual Data
Dec16 Dec17 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 4,856.36 3,260.11 4,162.61 1,372.33 -275.81

Competitive Comparison of ESR Group's EBIT

For the Real Estate Services subindustry, ESR Group'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.


ESR Group's EV-to-EBIT Distribution in the Real Estate Industry

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

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



ESR Group 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$1,097 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.


ESR Group  (HKSE:01821) EBIT Explanation

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

ESR Group'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 )
=-569.052 * ( 1 - -10.59% )/( (117017.889 + 116849.159)/ 2 )
=-629.3146068/116933.524
=-0.54 %

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))
=126449.058 - 3025.345 - ( 7477.774 - max(0, 12731.739 - 19137.563+7477.774))
=117017.889

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))
=123859.212 - 874.103 - ( 8613.305 - max(0, 17068.981 - 23204.931+8613.305))
=116849.159

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:

ESR Group'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 )
=-551.62/( ( (631.75 + max(2535.116, 0)) + (682.563 + max(3045.853, 0)) )/ 2 )
=-551.62/( ( 3166.866 + 3728.416 )/ 2 )
=-551.62/3447.641
=-16.00 %

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)
=(4161.538 + 0 + 3988.629) - (3025.345 + 0 + 2589.706)
=2535.116

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2854 + 0 + 7844.52) - (874.103 + 0 + 6778.564)
=3045.853

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:

ESR Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1096.52/90607.782
=1.21 %

* 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.


ESR Group EBIT Related Terms

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ESR Group Business Description

Traded in Other Exchanges
Address
Two Exchange Square, Suites 2905-06, 8 Connaught Place, Central, Hong Kong, HKG
ESR Group, or ESR, is one of the largest real asset managers in the Asia-Pacific, with USD 154 billion in total assets under management as of June 30, 2024. Most of its earnings are derived from fund management, where it manages underlying assets in investment vehicles such as a fund or REIT for fee income and a share of profits. It also develops and holds investment properties on its balance sheet for rental income and capital appreciation and will divest them into its managed funds and REITs over time to unlock and recycle the capital into other investment opportunities. In addition, to align its interest with its capital partners, ESR co-invests in the funds and REITs that it manages where it generates dividend income, pro rata earnings and value appreciation.
Executives
Gibson Stuart 2501 Other
Shen Jinchu 2201 Interest of corporation controlled by you
Jpmorgan Chase & Co. 2502 Approved lending agent
Tan Kheng Lian 2201 Interest of corporation controlled by you
Tan Chin Tuan Pte. Ltd. 2201 Interest of corporation controlled by you
Redwood Investor (cayman) Limited 2501 Other
Redwood Investment Company, Ltd. 2501 Other
Portes Charles Alexander 2501 Other
Redwood Investor Ii (cayman) Ltd. 2501 Other
Scgg Ii Gp, Llc 2201 Interest of corporation controlled by you
Sof-12 International Management Sarl 2201 Interest of corporation controlled by you
Sof-12 International Master Fund Scsp 2201 Interest of corporation controlled by you
Sof-12 International Scsp 2201 Interest of corporation controlled by you
S Asia Hold Co 1 Private Limited 2201 Interest of corporation controlled by you
Sof-12 Master Fund Management Sàrl 2201 Interest of corporation controlled by you

ESR Group Headlines

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