Valener (TSX:VNR.PR.A.PFD) EBIT : C$80.33 Mil (TTM As of Jun. 2019)

View and export this data going back to 2012. Start your Free Trial

What is Valener EBIT?

Valener's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2019 was C$-0.95 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2019 was C$80.33 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Valener's annualized ROC % for the quarter that ended in Jun. 2019 was -0.05%. Valener's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Valener's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2019 was 157.71%.

Valener EBIT Historical Data

The historical data trend for Valener'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.

Valener EBIT Chart

Valener Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

EBIT

Get a 7-Day Free Trial

48.29

52.80

76.49

72.23

66.64

Valener Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
EBIT	Get a 7-Day Free Trial															2.36	-1.55	36.15	46.68	-0.95

Competitive Comparison of Valener's EBIT

For the Utilities - Regulated Gas subindustry, Valener'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.

Valener's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Valener's EV-to-EBIT distribution charts can be found below:

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

Valener 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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was C$80.33 Mil.

Valener (TSX:VNR.PR.A.PFD) EBIT Explanation

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

Valener's annualized ROC % for the quarter that ended in Jun. 2019 is calculated as:

	ROC % (Q: Jun. 2019 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2019 )	+	Invested Capital (Q: Jun. 2019 ))	/ count )
=	-0.812 * ( 1 - 42.34% )	/	( (968.684	+	943.741)	/ 2 )
=	-0.4681992	/	956.2125
=	-0.05 %

where

	Invested Capital		(Q: Mar. 2019 )
=	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	))
=	987.74	-	22.094	-	( 3.739	-	max(0, 22.121	-	19.083	+	3.739	))
=	968.684

	Invested Capital		(Q: Jun. 2019 )
=	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	))
=	960.058	-	17.38	-	( 1.116	-	max(0, 17.398	-	16.335	+	1.116	))
=	943.741

Note: The Operating Income data used here is four times the quarterly (Jun. 2019) data.

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

Valener's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2019 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2019 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2019		Q: Jun. 2019
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.796	/	( ( (0 + max(-22.098, 0))	+	(0 + max(-17.385, 0)) )	/	2 )
=	-3.796	/	( ( 0	+	0 )	/	2 )
=	-3.796	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.023)	-	(22.094	+	0	+	0.026999999999997)
=	-22.098

	Working Capital		(Q: Jun. 2019 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.013000000000002)	-	(17.38	+	0	+	0.018000000000001)
=	-17.385

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2019 )
	=	80.33	/	50.935
	=	157.71 %

Valener EBIT Related Terms

Thank you for viewing the detailed overview of Valener's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Valener (TSX:VNR.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Valener Inc (TSX:VNR.PR.A.PFD) » Definitions » EBIT

Traded in Other Exchanges

N/A

Address

1717 du Havre Street, Montreal, QC, CAN, H2K 2X3

Website

http://www.valener.com

Valener Inc is an investment holding company engaged in the regulated energy business in the United States and Canada through Gaz Metro. Its core business operations involve natural gas distribution in Quebec and Vermont as well as electricity distribution in Vermont. The company through its subsidiaries holds the interest in wind farm business. It serves more than 200,000 customers in Quebec and over 310,000 customers in Vermont.

Valener (TSX:VNR.PR.A.PFD) Headlines

No Headlines