Secure Property Development & Investment (LSE:SPDI) EBIT: £-0.18 Mil (TTM As of Jun. 2025)

What is Secure Property Development & Investment EBIT?

Secure Property Development & Investment LSE:SPDI EBIT is £-0.18 Mil as of Jun. 2025. The stock has 3 warning signs investors should review.

Secure Property Development & Investment's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2025 was £0.05 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2025 was £-0.18 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Secure Property Development & Investment's annualized ROC % for the quarter that ended in Jun. 2025 was 0.30%. Secure Property Development & Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Secure Property Development & Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -5.48%.

Secure Property Development & Investment (LSE:SPDI) EBIT Explanation

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

Secure Property Development & Investment's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

	ROC % (Q: Jun. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Jun. 2025 ))	/ count )
=	0.062 * ( 1 - 13.04% )	/	( (17.594	+	18.42)	/ 2 )
=	0.0539152	/	18.007
=	0.30 %

where

	Invested Capital		(Q: Dec. 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	))
=	23.289	-	10.885	-	( 0.868	-	max(0, 18.081	-	12.891	+	0.868	))
=	17.594

	Invested Capital		(Q: Jun. 2025 )
=	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	))
=	23.818	-	12.845	-	( 0.184	-	max(0, 18.331	-	10.884	+	0.184	))
=	18.42

Note: The Operating Income data used here is two times the semi-annual (Jun. 2025) data.

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

Secure Property Development & Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2024		Q: Jun. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	0.094	/	( ( (0 + max(-7.364, 0))	+	(0 + max(-7.735, 0)) )	/	2 )
=	0.094	/	( ( 0	+	0 )	/	2 )
=	0.094	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.723	+	0	+	8.81)	-	(10.885	+	0	+	6.012)
=	-7.364

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1.273	+	0	+	8.982)	-	(12.845	+	0	+	5.145)
=	-7.735

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

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

Secure Property Development & Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2025 )
	=	-0.181	/	3.303
	=	-5.48 %

* 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.

Secure Property Development & Investment EBIT Related Terms

Secure Property Development & Investment EBIT Historical Data

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The historical data trend for Secure Property Development & Investment's EBIT can be seen below:

Secure Property Development & Investment EBIT Chart

Secure Property Development & Investment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EBIT

Get a 7-Day Free Trial

-1.00

0.36

-0.93

8.19

0.06

Secure Property Development & Investment Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25
EBIT	Get a 7-Day Free Trial															0.18	8.01	0.29	-0.23	0.05

LSE:SPDI vs CBRE, BEKE, CSGP: EBIT Comparison

For the Real Estate Services subindustry, Secure Property Development & Investment'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.

Secure Property Development & Investment EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Secure Property Development & Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Secure Property Development & Investment's EV-to-EBIT falls into.

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Secure Property Development & Investment 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.18 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of £-0.18 Mil mean?

Secure Property Development & Investment (LSE:SPDI) has a EBIT of £-0.18 Mil as of Jun. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Secure Property Development & Investment.

Is Secure Property Development & Investment's EBIT too high?

Secure Property Development & Investment's current EBIT is £-0.18 Mil.

How does Secure Property Development & Investment's EBIT compare to CBRE and BEKE?

Secure Property Development & Investment's EBIT of £-0.18 Mil can be compared against companies in the Real Estate 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 Real Estate company?

A good EBIT depends on the Real Estate 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 Secure Property Development & Investment. Secure Property Development & Investment's current EBIT is £-0.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Secure Property Development & Investment stock overvalued right now?

Based on GuruFocus' analysis, Secure Property Development & Investment (LSE:SPDI) is currently considered Possible Value Trap. The stock's GF Value™ is £0.05, compared to a current price of £0.01 — trading 77% below its estimated fair value. The current EBIT is £-0.18 Mil. 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 Secure Property Development & Investment (LSE:SPDI), the current EBIT is £-0.18 Mil as of Jun. 2025. 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.

Secure Property Development & Investment Business Description

Industry Real Estate Real Estate

Comparable Companies LSE:ALNA LSE:MPO LSE:FLK STC:VIC CBRE ISX:DCII XMAD:CLNX TSE:8830 XTER:VNA XTAE:AZRG BEKE HKSE:01972 ADX:MODON CSGP JLL HKSE:01209 SGX:9CI XSGO:MALLPLAZA HKSE:01997 XTER:DWNI

Other Exchanges SPDI.GB:UK

Address 6 Nikiforou Foka Street, Nicosia, CYP, 1060

Website https://www.secure-property.eu

Secure Property Development & Investment PLC is engaged in the acquisition, development, and management of real estate properties and projects. The company's operating segments include Warehouse, Residential, Land Plots, and Corporate.