LFG Investment Holdings (HKSE:03938) EBIT : HK$4.35 Mil (TTM As of Sep. 2023)

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What is LFG Investment Holdings EBIT?

LFG Investment Holdings's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$12.51 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$4.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LFG Investment Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was 30.04%. LFG Investment Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 22.98%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LFG Investment Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 15.03%.

LFG Investment Holdings EBIT Historical Data

The historical data trend for LFG Investment 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.

LFG Investment Holdings EBIT Chart

LFG Investment Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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60.12

22.87

18.80

-0.04

-17.77

LFG Investment Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial								11.19	-11.23	-9.62	-8.16	12.51

Competitive Comparison of LFG Investment Holdings's EBIT

For the Capital Markets subindustry, LFG Investment 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.

LFG Investment Holdings's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, LFG Investment Holdings's EV-to-EBIT distribution charts can be found below:

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

LFG Investment 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$4.35 Mil.

LFG Investment Holdings (HKSE:03938) EBIT Explanation

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

LFG Investment Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	45.922 * ( 1 - 6.19% )	/	( (142.891	+	143.912)	/ 2 )
=	43.0794282	/	143.4015
=	30.04 %

where

	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	))
=	261.583	-	57.494	-	( 61.198	-	max(0, 113.209	-	249.04	+	61.198	))
=	142.891

	Invested Capital		(Q: Sep. 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	))
=	271.659	-	55.029	-	( 72.718	-	max(0, 112.589	-	262.808	+	72.718	))
=	143.912

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

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

LFG Investment Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	25.02	/	( ( (7.442 + max(102.108, 0))	+	(4.35 + max(103.901, 0)) )	/	2 )
=	25.02	/	( ( 109.55	+	108.251 )	/	2 )
=	25.02	/	108.9005
=	22.98 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(137.607	+	0	+	46.644)	-	(57.494	+	0	+	24.649)
=	102.108

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(134.485	+	0	+	53.389)	-	(55.029	+	0	+	28.944)
=	103.901

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	4.354	/	28.971
	=	15.03 %

LFG Investment Holdings EBIT Related Terms

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LFG Investment Holdings (HKSE:03938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LFG Investment Holdings Ltd (HKSE:03938) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Queen’s Road Central, Room 1601, 16th Floor China Building, Hong Kong, HKG

Website

https://www.legogroup.hk/en/index.php

LFG Investment Holdings Ltd is a financial services provider in Hong Kong, that engages in the provision of corporate finance advisory services; underwriting services; securities dealing and brokerage services; securities financing services; and asset management services. The company generates maximum revenue from Corporate finance advisory services.

Executives

Mui Ho Cheung Gary	2101 Beneficial owner
Ki Sin Yee Cindy
Lego Financial Group Limited	2101 Beneficial owner
Wong Wing Shing	2101 Beneficial owner

LFG Investment Holdings (HKSE:03938) Headlines

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