Cerved Group SpA (MEX:CERVN) EBIT: MXN1,356.65 Mil (TTM As of Sep. 2021)


What is Cerved Group SpA EBIT?

Cerved Group SpA MEX:CERVN 8 EBIT is MXN1,356.65 Mil as of Sep. 2021. GuruFocus rates MEX:CERVN with a GF Score™ of 8/100. The stock has 8 warning signs investors should review.

Cerved Group SpA's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2021 was MXN52.20 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2021 was MXN1,356.65 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cerved Group SpA's annualized ROC % for the quarter that ended in Sep. 2021 was 0.97%. Cerved Group SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 9.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cerved Group SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 2.97%.

Cerved Group SpA  (MEX:CERVN) EBIT Explanation

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

Cerved Group SpA's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

ROC % (Q: Sep. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Sep. 2021 ))/ count )
=300.932 * ( 1 - 0% )/( (29803.215 + 32270.269)/ 2 )
=300.932/31036.742
=0.97 %

where

Invested Capital(Q: Jun. 2021 )
=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))
=35635.385 - 4378.936 - ( 1453.234 - max(0, 5313.727 - 7671.676+1453.234))
=29803.215

Invested Capital(Q: Sep. 2021 )
=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))
=36088.076 - 1902.807 - ( 2238.597 - max(0, 6199.588 - 8114.588+2238.597))
=32270.269

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

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

Cerved Group SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=208.812/( ( (1307.297 + max(1258.178, 0)) + (1261.757 + max(782.252, 0)) )/ 2 )
=208.812/( ( 2565.475 + 2044.009 )/ 2 )
=208.812/2304.742
=9.06 %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5781.494 + 0 + 436.948) - (4378.936 + 0 + 581.328)
=1258.178

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5224.272 + 0 + 651.719) - (1902.807 + 0 + 3190.932)
=782.252

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

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

Cerved Group SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2021 )
=1356.646/45643.276
=2.97 %

* 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.

Cerved Group SpA EBIT Related Terms

Cerved Group SpA EBIT Historical Data

* Premium members only.

The historical data trend for Cerved Group SpA'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.

Cerved Group SpA EBIT Chart

Cerved Group SpA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,953.44 2,392.86 2,792.62 2,178.62 1,744.23

Cerved Group SpA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 Premium Member Only Premium Member Only Premium Member Only 1,073.46 -166.88 774.35 696.97 52.20

MEX:CERVN vs VALU: EBIT Comparison

For the Financial Data & Stock Exchanges subindustry, Cerved Group SpA'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.

Cerved Group SpA EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Cerved Group SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cerved Group SpA's EV-to-EBIT falls into.


Cerved Group SpA 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN1,356.65 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MXN1,356.65 Mil mean?
Cerved Group SpA (MEX:CERVN) has a EBIT of MXN1,356.65 Mil as of Sep. 2021. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cerved Group SpA.
Is Cerved Group SpA's EBIT too high?
Cerved Group SpA's current EBIT is MXN1,356.65 Mil. Overall, Cerved Group SpA has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Cerved Group SpA's EBIT compare to VALU?
Cerved Group SpA's EBIT of MXN1,356.65 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Cerved Group SpA. Cerved Group SpA's current EBIT is MXN1,356.65 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cerved Group SpA stock overvalued right now?
Cerved Group SpA (MEX:CERVN) has a current EBIT of MXN1,356.65 Mil. The current EBIT is MXN1,356.65 Mil. Cerved Group SpA's overall GF Score™ is 8/100 with 8 warning signs to review. 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 Cerved Group SpA (MEX:CERVN), the current EBIT is MXN1,356.65 Mil as of Sep. 2021. 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.

Cerved Group SpA Business Description

Address Via Dell’Unione Europea, 6A, 6B, San Donato Milanese, Milan, ITA, 20097
Cerved Group SpA is a holding company that owns the Cerved Group, an Italian credit information service provider. It operates through three segments. The Risk Management segment, which accounts for the majority of the Cerved Group's revenue, offers products and services that help businesses and financial institutions to assess the credit status of their customers, business counterparties, and potential customers. The Growth Services segment offers information and analyses that help customers to understand the target market and regions, develop businesses, and improve customer satisfaction. The credit management segment assesses and manages troubled receivables and assets. It generates the majority of its revenue from the Italian domestic market.