MYNAY (Mynaric AG) EBIT: $-85.09 Mil (TTM As of Dec. 2023)


MYNAY Mynaric AG MYNAY
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What is Mynaric AG EBIT?

Mynaric AG MYNAY -96.00% 10 EBIT is $-85.09 Mil as of Dec. 2023. GuruFocus rates MYNAY with a GF Score™ of 10/100.

Mynaric AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $-53.91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-85.09 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mynaric AG's annualized ROC % for the quarter that ended in Dec. 2023 was -87.57%. Mynaric AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -244.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mynaric AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -850,940.00%.

Mynaric AG  (OTCPK:MYNAY) EBIT Explanation

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

Mynaric AG'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 )
=-100.62 * ( 1 - 0.9% )/( (95.315 + 132.416)/ 2 )
=-99.71442/113.8655
=-87.57 %

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))
=134.373 - 10.957 - ( 51.189 - max(0, 51.807 - 79.908+51.189))
=95.315

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))
=129.865 - 18.647 - ( 26.126 - max(0, 81.663 - 60.465+26.126))
=132.416

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:

Mynaric AG'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 )
=-107.828/( ( (34.816 + max(-20.462, 0)) + (53.549 + max(-39.24, 0)) )/ 2 )
=-107.828/( ( 34.816 + 53.549 )/ 2 )
=-107.828/44.1825
=-244.05 %

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)
=(0.077 + 19.427 + 6.52) - (10.957 + 33.778 + 1.751)
=-20.462

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.716 + 24.749 + 7.442) - (18.647 + 51.614 + 1.886)
=-39.24

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:

Mynaric AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-85.094/0.010
=-850,940.00 %

* 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.

Mynaric AG EBIT Related Terms

Mynaric AG EBIT Historical Data

* Premium members only.

The historical data trend for Mynaric AG'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.

Mynaric AG EBIT Chart

Mynaric AG Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -11.00 -24.05 -46.94 -75.49 -85.30

Mynaric AG Semi-Annual Data
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 -28.78 -34.41 -41.01 -31.18 -53.91

MYNAY vs CSCO, MSI, HPE: EBIT Comparison

For the Communication Equipment subindustry, Mynaric AG'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.

Mynaric AG EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Mynaric AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Mynaric AG's EV-to-EBIT falls into.


MYNAY
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Mynaric AG MYNAY
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Mynaric AG 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 $-85.09 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 $-85.09 Mil mean?
Mynaric AG (MYNAY) has a EBIT of $-85.09 Mil as of Dec. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mynaric AG.
Is Mynaric AG's EBIT too high?
Mynaric AG's current EBIT is $-85.09 Mil. Overall, Mynaric AG has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Mynaric AG's EBIT compare to CSCO and MSI?
Mynaric AG's EBIT of $-85.09 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Mynaric AG. Mynaric AG's current EBIT is $-85.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mynaric AG stock overvalued right now?
Mynaric AG (MYNAY) has a current EBIT of $-85.09 Mil. The current EBIT is $-85.09 Mil. Mynaric AG's overall GF Score™ is 10/100. 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 Mynaric AG (MYNAY), the current EBIT is $-85.09 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.

Mynaric AG Business Description

Address Bertha-Kipfmuller-Strasse 2-8, Munich, BY, DEU, 81249
Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminals. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eyes, satellite constellations, earth observation satellites, and others. Geographically, its key revenue is derived from the United States.
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