Novolipetsk Steel PJSC (MIC:NLMK) EBIT: ₽471,801 Mil (TTM As of Dec. 2021)


MIC:NLMK Novolipetsk Steel PJSC MIC:NLMK
17 GF Score
Price ₽59.12
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What is Novolipetsk Steel PJSC EBIT?

Novolipetsk Steel PJSC MIC:NLMK -6.37% 17 EBIT is ₽471,801 Mil as of Dec. 2021. GuruFocus rates MIC:NLMK with a GF Score™ of 17/100.

Novolipetsk Steel PJSC's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2021 was ₽119,479 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2021 was ₽471,801 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Novolipetsk Steel PJSC's annualized ROC % for the quarter that ended in Dec. 2021 was 52.39%. Novolipetsk Steel PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 73.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Novolipetsk Steel PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2021 was 41.39%.

Novolipetsk Steel PJSC  (MIC:NLMK) EBIT Explanation

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

Novolipetsk Steel PJSC's annualized ROC % for the quarter that ended in Dec. 2021 is calculated as:

ROC % (Q: Dec. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2021 ) + Invested Capital (Q: Dec. 2021 ))/ count )
=480281.748 * ( 1 - 22.51% )/( (695132.975 + 725524.135)/ 2 )
=372170.3265252/710328.555
=52.39 %

where

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))
=865463.571 - 121445.496 - ( 48885.1 - max(0, 225426.808 - 359075.311+48885.1))
=695132.975

Invested Capital(Q: Dec. 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))
=899123.51 - 133526.606 - ( 40072.769 - max(0, 244872.713 - 397696.354+40072.769))
=725524.135

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

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

Novolipetsk Steel PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2021  Q: Dec. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=477915.828/( ( (463275.839 + max(178660.793, 0)) + (461354.387 + max(203099.44, 0)) )/ 2 )
=477915.828/( ( 641936.632 + 664453.827 )/ 2 )
=477915.828/653195.2295
=73.17 %

where Working Capital is:

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(101862.227 + 158273.733 + 39970.329) - (121445.496 + 0 + -2.9103830456734E-11)
=178660.793

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(107945.097 + 195853.81 + 32975.009) - (133526.606 + 0 + 147.87)
=203099.44

When net working capital is negative, 0 is used.

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

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

Novolipetsk Steel PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2021 )
=471800.52/1140001.027
=41.39 %

* 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.

Novolipetsk Steel PJSC EBIT Related Terms

Novolipetsk Steel PJSC EBIT Historical Data

* Premium members only.

The historical data trend for Novolipetsk Steel 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.

Novolipetsk Steel PJSC EBIT Chart

Novolipetsk Steel PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108,690.09 193,616.55 114,150.77 122,812.26 472,370.70

Novolipetsk Steel PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 48,066.69 75,220.86 126,353.37 150,747.33 119,478.96

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

For the Steel subindustry, Novolipetsk Steel 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.

Novolipetsk Steel PJSC EV-to-EBIT vs Steel Industry

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

* The bar in red indicates where Novolipetsk Steel PJSC's EV-to-EBIT falls into.


MIC:NLMK
17GF Score
Novolipetsk Steel PJSC MIC:NLMK
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Novolipetsk Steel 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽471,801 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 ₽471,801 Mil mean?
Novolipetsk Steel PJSC (MIC:NLMK) has a EBIT of ₽471,801 Mil as of Dec. 2021. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Novolipetsk Steel PJSC.
Is Novolipetsk Steel PJSC's EBIT too high?
Novolipetsk Steel PJSC's current EBIT is ₽471,801 Mil. Overall, Novolipetsk Steel PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Novolipetsk Steel PJSC's EBIT compare to NUE and STLD?
Novolipetsk Steel PJSC's EBIT of ₽471,801 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 Novolipetsk Steel PJSC. Novolipetsk Steel PJSC's current EBIT is ₽471,801 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novolipetsk Steel PJSC stock overvalued right now?
Novolipetsk Steel PJSC (MIC:NLMK) has a current EBIT of ₽471,801 Mil. The current EBIT is ₽471,801 Mil. Novolipetsk Steel 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 Novolipetsk Steel PJSC (MIC:NLMK), the current EBIT is ₽471,801 Mil as of Dec. 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.

Novolipetsk Steel PJSC Business Description

Address 2, Metallurgov Sq., Lipetsk, RUS, 398040
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.
17GF Score

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

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