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Empiric Student Property (LSE:ESP) EBIT : £69.60 Mil (TTM As of Dec. 2023)


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What is Empiric Student Property EBIT?

Empiric Student Property's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £36.50 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £69.60 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Empiric Student Property's annualized ROC % for the quarter that ended in Dec. 2023 was 3.26%. Empiric Student Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 1,269.57%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Empiric Student Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.87%.


Empiric Student Property EBIT Historical Data

The historical data trend for Empiric Student Property'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.

Empiric Student Property EBIT Chart

Empiric Student Property Annual Data
Trend Jun15 Jun16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 66.72 -12.13 40.80 81.70 69.60

Empiric Student Property Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 27.98 76.80 4.90 33.10 36.50

Competitive Comparison of Empiric Student Property's EBIT

For the REIT - Residential subindustry, Empiric Student Property'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.


Empiric Student Property's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Empiric Student Property's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Empiric Student Property's EV-to-EBIT falls into.



Empiric Student Property 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £69.60 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.


Empiric Student Property  (LSE:ESP) EBIT Explanation

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

Empiric Student Property's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=36.6 * ( 1 - 0% )/( (1057.6 + 1190.2)/ 2 )
=36.6/1123.9
=3.26 %

where

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

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

Empiric Student Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=73/( ( (2.2 + max(7.3, 0)) + (2 + max(-30.9, 0)) )/ 2 )
=73/( ( 9.5 + 2 )/ 2 )
=73/5.75
=1,269.57 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.6 + 0 + 38.3) - (21.8 + 0 + 11.8)
=7.3

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.4 + 0 + 26) - (5.5 + 0 + 52.8)
=-30.9

When net working capital is negative, 0 is used.

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

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

Empiric Student Property's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=69.6/884.556
=7.87 %

* 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.


Empiric Student Property EBIT Related Terms

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Empiric Student Property (LSE:ESP) Business Description

Traded in Other Exchanges
N/A
Address
72 Borough High Street, 1st Floor Hop Yard Studios, London, GBR, SE1 1XF
Empiric Student Property PLC is a real estate company. It is engaged in investing in and managing premium purpose-built student accommodation in central locations in prime university cities and towns in the United Kingdom. Its investment portfolio includes Centro Court, Canal Bridge, Brook Studios, James House, and Edge Apartments among others. The company earns operating revenue from student accommodation rental.