New Frontier Properties (JSE:NFP) EBIT : R86.6 Mil (TTM As of May. 2020)

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What is New Frontier Properties EBIT?

New Frontier Properties's earnings before interest and taxes (EBIT) for the three months ended in May. 2020 was R10.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2020 was R86.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. New Frontier Properties's annualized ROC % for the quarter that ended in May. 2020 was 2.34%. New Frontier Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2020 was 1,026.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. New Frontier Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2020 was 2.68%.

New Frontier Properties EBIT Historical Data

The historical data trend for New Frontier Properties'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.

New Frontier Properties EBIT Chart

New Frontier Properties Annual Data

Trend

Dec14

Aug16

Aug17

Aug18

Aug19

EBIT

64.56

95.79

-1,284.55

-1,141.56

New Frontier Properties Quarterly Data
	May15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
EBIT	Get a 7-Day Free Trial															-885.17	-133.22	211.63	-2.30	10.51

Competitive Comparison of New Frontier Properties's EBIT

For the REIT - Retail subindustry, New Frontier Properties'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.

New Frontier Properties's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, New Frontier Properties's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where New Frontier Properties's EV-to-EBIT falls into.

New Frontier Properties 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 May. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was R86.6 Mil.

New Frontier Properties (JSE:NFP) EBIT Explanation

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

New Frontier Properties's annualized ROC % for the quarter that ended in May. 2020 is calculated as:

	ROC % (Q: May. 2020 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Feb. 2020 )	+	Invested Capital (Q: May. 2020 ))	/ count )
=	48.044 * ( 1 - 6.63% )	/	( (1785.646	+	2052.254)	/ 2 )
=	44.8586828	/	1918.95
=	2.34 %

where

	Invested Capital		(Q: Feb. 2020 )
=	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	))
=	1399.001	-	73.487	-	( 32.053	-	max(0, 571.706	-	111.574	+	32.053	))
=	1785.646

	Invested Capital		(Q: May. 2020 )
=	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	))
=	1554.936	-	41.333	-	( 31.85	-	max(0, 613.914	-	75.263	+	31.85	))
=	2052.254

Note: The Operating Income data used here is four times the quarterly (May. 2020) data.

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

New Frontier Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2020 is calculated as:

	ROC (Joel Greenblatt) %		(Q: May. 2020 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Feb. 2020		Q: May. 2020
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	42.048	/	( ( (0.078 + max(6.033, 0))	+	(0 + max(2.079, 0)) )	/	2 )
=	42.048	/	( ( 6.111	+	2.079 )	/	2 )
=	42.048	/	4.095
=	1,026.81 %

where Working Capital is:

	Working Capital		(Q: Feb. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(79.52	+	0	+	0.0010000000000048)	-	(73.487	+	0	+	0.00099999999997635)
=	6.033

	Working Capital		(Q: May. 2020 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(43.413	+	0	+	0)	-	(41.333	+	0	+	0.00099999999997635)
=	2.079

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2020) EBIT data.

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

New Frontier Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: May. 2020 )
	=	86.626	/	3235.263
	=	2.68 %

New Frontier Properties EBIT Related Terms

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New Frontier Properties (JSE:NFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » New Frontier Properties Ltd (JSE:NFP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

B45 Twenty Foot Road, 5th Floor, La Croisette, Grand Baie, MUS

Website

http://newfrontierprop.com

New Frontier Properties Ltd operates as a UK real estate investment trust. The company's primary objective is to acquire and develop good quality, income-generating retail and logistics property in the UK and Europe. Its investment portfolio comprises UK shopping centers, Cleveland Centre in Middlesbrough, Coopers Square in Burton upon Trent, and Houndshill Shopping Centre in Blackpool.

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