Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) EBIT: ₽153,210 Mil (TTM As of Dec. 2023)


MIC:MAGN Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
17 GF Score
Price ₽17.67
View Full Analysis

What is Magnitogorsk Iron & Steel Works PJSC EBIT?

Magnitogorsk Iron & Steel Works PJSC MIC:MAGN -6.46% 17 EBIT is ₽153,210 Mil as of Dec. 2023. GuruFocus rates MIC:MAGN with a GF Score™ of 17/100.

Magnitogorsk Iron & Steel Works PJSC's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was ₽82,935 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₽153,210 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Magnitogorsk Iron & Steel Works PJSC's annualized ROC % for the quarter that ended in Dec. 2023 was 22.26%. Magnitogorsk Iron & Steel Works PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Magnitogorsk Iron & Steel Works PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 31.95%.

Magnitogorsk Iron & Steel Works PJSC  (MIC:MAGN) EBIT Explanation

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

Magnitogorsk Iron & Steel Works PJSC'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 )
=161120 * ( 1 - 17.04% )/( (558023 + 643069)/ 2 )
=133665.152/600546
=22.26 %

where

Invested Capital(Q: Jun. 2023 )
=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))
=824597 - 115065 - ( 151509 - max(0, 175576 - 372633+151509))
=558023

Invested Capital(Q: Dec. 2023 )
=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))
=902002 - 92220 - ( 166713 - max(0, 183741 - 397724+166713))
=643069

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:

Magnitogorsk Iron & Steel Works PJSC'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 )
=165870/( ( (439957 + max(102768, 0)) + (490298 + max(103163, 0)) )/ 2 )
=165870/( ( 542725 + 593461 )/ 2 )
=165870/568093
=29.20 %

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)
=(85490 + 124158 + 11476) - (115065 + 0 + 3291)
=102768

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(70827 + 128259 + 29830) - (92220 + 0 + 33533)
=103163

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:

Magnitogorsk Iron & Steel Works PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=153210/479456.722
=31.95 %

* 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.

Magnitogorsk Iron & Steel Works PJSC EBIT Related Terms

Magnitogorsk Iron & Steel Works PJSC EBIT Historical Data

* Premium members only.

The historical data trend for Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC EBIT Chart

Magnitogorsk Iron & Steel Works PJSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70,241.79 59,689.00 295,954.00 95,310.00 153,210.00

Magnitogorsk Iron & Steel Works PJSC Semi-Annual Data
Jun14 Dec14 Jun15 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 Premium Member Only Premium Member Only Premium Member Only 158,035.52 75,139.00 20,171.00 70,275.00 82,935.00

MIC:MAGN vs NUE, STLD, RS: EBIT Comparison

For the Steel subindustry, Magnitogorsk Iron & Steel Works PJSC'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.

Magnitogorsk Iron & Steel Works PJSC EV-to-EBIT vs Steel Industry

For the Steel industry and Basic Materials sector, Magnitogorsk Iron & Steel Works PJSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Magnitogorsk Iron & Steel Works PJSC's EV-to-EBIT falls into.


MIC:MAGN
17GF Score
Magnitogorsk Iron & Steel Works PJSC MIC:MAGN
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Magnitogorsk Iron & Steel Works PJSC 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 ₽153,210 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 ₽153,210 Mil mean?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a EBIT of ₽153,210 Mil as of Dec. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Magnitogorsk Iron & Steel Works PJSC.
Is Magnitogorsk Iron & Steel Works PJSC's EBIT too high?
Magnitogorsk Iron & Steel Works PJSC's current EBIT is ₽153,210 Mil. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's EBIT compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's EBIT of ₽153,210 Mil can be compared against companies in the Steel 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 Steel company?
A good EBIT depends on the Steel 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 Magnitogorsk Iron & Steel Works PJSC. Magnitogorsk Iron & Steel Works PJSC's current EBIT is ₽153,210 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current EBIT of ₽153,210 Mil. The current EBIT is ₽153,210 Mil. Magnitogorsk Iron & Steel Works PJSC's overall GF Score™ is 17/100. 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current EBIT is ₽153,210 Mil as of Dec. 2023. 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.

Magnitogorsk Iron & Steel Works PJSC Business Description

Address 93, Kirov Street, Chelyabinsk region, Magnitogorsk, RUS, 455000
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
17GF Score

Get the complete analysis for MIC:MAGN

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽17.67
Price