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Syncora Holdings (Syncora Holdings) EBIT : $21.51 Mil (TTM As of Mar. 2019)


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What is Syncora Holdings EBIT?

Syncora Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2019 was $59.24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2019 was $21.51 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Syncora Holdings's annualized ROC % for the quarter that ended in Mar. 2019 was 15.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Syncora Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2019 was 988.24%.


Syncora Holdings EBIT Historical Data

The historical data trend for Syncora Holdings'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.

* Premium members only.

Syncora Holdings EBIT Chart

Syncora Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -36.03 301.02 100.54 210.30 -26.13

Syncora Holdings Quarterly Data
Dec12 Dec13 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 11.60 -77.10 38.73 0.63 59.24

Competitive Comparison of Syncora Holdings's EBIT

For the Insurance - Specialty subindustry, Syncora Holdings'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.


Syncora Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Syncora Holdings's EV-to-EBIT distribution charts can be found below:

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



Syncora Holdings 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 Mar. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.51 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.


Syncora Holdings  (OTCPK:SYCRF) EBIT Explanation

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

Syncora Holdings's annualized ROC % for the quarter that ended in Mar. 2019 is calculated as:

ROC % (Q: Mar. 2019 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2018 ) + Invested Capital (Q: Mar. 2019 ))/ count )
=236.976 * ( 1 - 0.9% )/( (1482.09355 + 1505.96365)/ 2 )
=234.843216/1494.0286
=15.72 %

where

Invested Capital(Q: Dec. 2018 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1690.382 - 58.93 - ( 150.388 - 5% * 20.591 )
=1482.09355

Invested Capital(Q: Mar. 2019 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1632.919 - 61.491 - ( 65.557 - 5% * 1.853 )
=1505.96365

Note: The EBIT data used here is four times the quarterly (Mar. 2019) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Syncora Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2019 )
=21.514/2.177
=988.24 %

* 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.


Syncora Holdings EBIT Related Terms

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Syncora Holdings (Syncora Holdings) Business Description

Traded in Other Exchanges
N/A
Address
22 Victoria Street, Canon's Court, Hamilton, BMU, HM 12
Syncora Holdings Ltd is a Bermuda holding company that provides through its wholly-owned subsidiaries, financial guarantee insurance and reinsurance. It has one reportable operating business segment, Financial Guarantee Insurance. The financial guarantee business segment is conducted through its operating subsidiaries, SGI and SCAI.
Executives
Duncan P Hennes director SYNCORA HOLDINGS LTD, A S COOPER BLDG, 26 REID STREET, HAMILTON D0 HM11
Edward J Muhl director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Xl Insurance (bermuda) Ltd 10 percent owner XL HOUSE, ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Mary R Hennessy director 651 CLINTON AVE, HADDONFIELD NJ 08033
Claude Leblanc officer: Executive Vice President ONE BERMUDIANA ROAD, HAMILTON D0 HM 11

Syncora Holdings (Syncora Holdings) Headlines

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