KDM Shipping (WAR:KDM) EBIT: zł2.3 Mil (TTM As of Jun. 2018)


What is KDM Shipping EBIT?

KDM Shipping WAR:KDM EBIT is zł2.3 Mil as of Jun. 2018.

KDM Shipping's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2018 was zł10.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2018 was zł2.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. KDM Shipping's annualized ROC % for the quarter that ended in Jun. 2018 was 9.66%. KDM Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 54.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. KDM Shipping's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2018 was 17.42%.

KDM Shipping  (WAR:KDM) EBIT Explanation

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

KDM Shipping's annualized ROC % for the quarter that ended in Jun. 2018 is calculated as:

ROC % (Q: Jun. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2017 ) + Invested Capital (Q: Jun. 2018 ))/ count )
=4.704 * ( 1 - 0.1% )/( (50.36 + 46.892)/ 2 )
=4.699296/48.626
=9.66 %

where

Invested Capital(Q: Dec. 2017 )
=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))
=137.361 - 8.588 - ( 78.413 - max(0, 19.564 - 104.58+78.413))
=50.36

Invested Capital(Q: Jun. 2018 )
=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))
=125.077 - 6.787 - ( 71.398 - max(0, 7.956 - 91.458+71.398))
=46.892

Note: The Operating Income data used here is two times the semi-annual (Jun. 2018) data.

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

KDM Shipping's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2017  Q: Jun. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=21.732/( ( (28.17 + max(9.084, 0)) + (29.287 + max(12.541, 0)) )/ 2 )
=21.732/( ( 37.254 + 41.828 )/ 2 )
=21.732/39.541
=54.96 %

where Working Capital is:

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.817 + 0.647 + 14.118) - (8.588 + 0 + 2.91)
=9.084

Working Capital(Q: Jun. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.975 + 0.085 + 0) - (6.787 + 0 + 0.732)
=12.541

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2018) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2018 )
=2.267/13.014
=17.42 %

* 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.

KDM Shipping EBIT Related Terms

KDM Shipping EBIT Historical Data

* Premium members only.

The historical data trend for KDM Shipping'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.

KDM Shipping EBIT Chart

KDM Shipping Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
EBIT
Get a 7-Day Free Trial 23.73 0.75 -17.37 -8.18 -2.01

KDM Shipping Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 -8.83 0.65 6.59 -8.60 10.87

WAR:KDM vs ESEA, GLBS, SHIP: EBIT Comparison

For the Marine Shipping subindustry, KDM Shipping'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.

KDM Shipping EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, KDM Shipping's EV-to-EBIT distribution charts can be found below:

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


KDM Shipping 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. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was zł2.3 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 zł2.3 Mil mean?
KDM Shipping (WAR:KDM) has a EBIT of zł2.3 Mil as of Jun. 2018. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on KDM Shipping.
Is KDM Shipping's EBIT too high?
KDM Shipping's current EBIT is zł2.3 Mil.
How does KDM Shipping's EBIT compare to ESEA and GLBS?
KDM Shipping's EBIT of zł2.3 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 KDM Shipping. KDM Shipping's current EBIT is zł2.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KDM Shipping stock overvalued right now?
KDM Shipping (WAR:KDM) has a current EBIT of zł2.3 Mil. The current EBIT is zł2.3 Mil. 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 KDM Shipping (WAR:KDM), the current EBIT is zł2.3 Mil as of Jun. 2018. 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.

KDM Shipping Business Description

Address 3 Michael Koutsofta Street, Limassol, CYP, 3031
KDM Shipping PLC is engaged in the shipping industry. It mainly focuses on the bulk river-sea freight in the Black, Azov and Mediterranean Sea regions. In addition, it is engaged in cargo freight, ship repair, and trading in grain, corn, oil and barley. The principal cargo of the company includes Grain, Metal Scrap, Sunflower seed meal, Bran, Fertilizers, and Cement.