Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUAC1) EBIT: S/.2,638 Mil (TTM As of Dec. 2018)

What is Union de Cervecerias Peruanas Backus & Johnston EBIT?

Union de Cervecerias Peruanas Backus & Johnston LIM:BACKUAC1 23 EBIT is S/.2,638 Mil as of Dec. 2018. GuruFocus rates LIM:BACKUAC1 with a GF Score™ of 23/100.

Union de Cervecerias Peruanas Backus & Johnston's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2018 was S/.2,638 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2018 was S/.2,638 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Union de Cervecerias Peruanas Backus & Johnston's annualized ROC % for the quarter that ended in Dec. 2018 was 54.76%. Union de Cervecerias Peruanas Backus & Johnston's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 112.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2018 was 2.29%.

Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUAC1) EBIT Explanation

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

Union de Cervecerias Peruanas Backus & Johnston's annualized ROC % for the quarter that ended in Dec. 2018 is calculated as:

	ROC % (Q: Dec. 2018 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2017 )	+	Invested Capital (Q: Dec. 2018 ))	/ count )
=	2542.259 * ( 1 - 29.94% )	/	( (3320.406	+	3184.55)	/ 2 )
=	1781.1066554	/	3252.478
=	54.76 %

where

	Invested Capital		(Q: Dec. 2017 )
=	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	))
=	5204.647	-	2380.232	-	( 1337.171	-	max(0, 2757.788	-	2261.797	+	1337.171	))
=	3320.406

	Invested Capital		(Q: Dec. 2018 )
=	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	))
=	5333.86	-	2306.448	-	( 708.03	-	max(0, 2614.885	-	2457.747	+	708.03	))
=	3184.55

Note: The Operating Income data used here is one times the annual (Dec. 2018) data.

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

Union de Cervecerias Peruanas Backus & Johnston's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2018 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2018 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2017		Q: Dec. 2018
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	2637.804	/	( ( (2360.016 + max(-2189.785, 0))	+	(2310.331 + max(-2095.628, 0)) )	/	2 )
=	2637.804	/	( ( 2360.016	+	2310.331 )	/	2 )
=	2637.804	/	2335.1735
=	112.96 %

where Working Capital is:

	Working Capital		(Q: Dec. 2017 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(295.192	+	213.926	+	30.288)	-	(2380.232	+	0	+	348.959)
=	-2189.785

	Working Capital		(Q: Dec. 2018 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(215.473	+	231.786	+	48.598)	-	(2306.448	+	0	+	285.037)
=	-2095.628

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2018) EBIT data.

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

Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2018 )
	=	2637.804	/	115434.495
	=	2.29 %

* 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.

Union de Cervecerias Peruanas Backus & Johnston EBIT Related Terms

Union de Cervecerias Peruanas Backus & Johnston EBIT Historical Data

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The historical data trend for Union de Cervecerias Peruanas Backus & Johnston's EBIT can be seen below:

Union de Cervecerias Peruanas Backus & Johnston EBIT Chart

Union de Cervecerias Peruanas Backus & Johnston Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

EBIT

Get a 7-Day Free Trial

1,311.44

1,625.53

1,230.50

2,039.08

2,637.80

Union de Cervecerias Peruanas Backus & Johnston Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
EBIT	Get a 7-Day Free Trial									1,311.44	1,625.53	1,230.50	2,039.08	2,637.80

Union de Cervecerias Peruanas Backus & Johnston EBIT Competitor Comparison

For the Beverages - Brewers subindustry, Union de Cervecerias Peruanas Backus & Johnston'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.

Union de Cervecerias Peruanas Backus & Johnston EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Union de Cervecerias Peruanas Backus & Johnston's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Union de Cervecerias Peruanas Backus & Johnston's EV-to-EBIT falls into.

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23GF Score

Union de Cervecerias Peruanas Backus & Johnston SA LIM:BACKUAC1

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Union de Cervecerias Peruanas Backus & Johnston 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Dec. 2018 was S/.2,638 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of S/.2,638 Mil mean?

Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUAC1) has a EBIT of S/.2,638 Mil as of Dec. 2018. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Union de Cervecerias Peruanas Backus & Johnston.

Is Union de Cervecerias Peruanas Backus & Johnston's EBIT too high?

Union de Cervecerias Peruanas Backus & Johnston's current EBIT is S/.2,638 Mil. Overall, Union de Cervecerias Peruanas Backus & Johnston has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.

How does Union de Cervecerias Peruanas Backus & Johnston's EBIT compare to competitors?

Union de Cervecerias Peruanas Backus & Johnston's EBIT of S/.2,638 Mil can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?

A good EBIT depends on the Beverages - Alcoholic 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 Union de Cervecerias Peruanas Backus & Johnston. Union de Cervecerias Peruanas Backus & Johnston's current EBIT is S/.2,638 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Union de Cervecerias Peruanas Backus & Johnston stock overvalued right now?

Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUAC1) has a current EBIT of S/.2,638 Mil. The current EBIT is S/.2,638 Mil. Union de Cervecerias Peruanas Backus & Johnston's overall GF Score™ is 23/100. 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 Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUAC1), the current EBIT is S/.2,638 Mil as of Dec. 2018. 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.

Union de Cervecerias Peruanas Backus & Johnston Business Description

Industry Consumer Defensive Beverages - Alcoholic

Comparable Companies LIM:PODERC1 LIM:CREDITC1 LIM:ENGIEC1 LIM:CPACASC1 LIM:BUENAVC1 LIM:ENDISPC1 LIM:MINCORC1 LIM:IFS LIM:FERREYC1 LIM:CONTINC1 XBRU:ABI XAMS:HEIA BSP:ABEV3 HKSE:01876 XAMS:HEIO OCSE:CARL B HKSE:00291 TSE:2502 SHSE:600600 TSE:2503

Address Nicolas Ayllon Number 3986, Ate, Lima, PER

Website http://www.backus.pe

Union de Cervecerias Peruanas Backus & Johnston SA is engaged in the business of production, packaging, sale, distribution, and all other types of business related to malted and malt beverages, non-alcoholic beverages, and carbonated waters. The company's main business also includes investment in securities of domestic and foreign companies; the exploitation of rural properties; the sale, processing, conservation, marketing, and export of agricultural products; and the provision of advisory services related to these products.

23GF Score

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S/.233.64

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