VBARE Iberian Properties SOCIMI (XMAD:YVBA) EBIT : €2.35 Mil (TTM As of Jun. 2024)

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What is VBARE Iberian Properties SOCIMI EBIT?

VBARE Iberian Properties SOCIMI's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was €0.99 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was €2.35 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. VBARE Iberian Properties SOCIMI's annualized ROC % for the quarter that ended in Jun. 2024 was 1.94%. VBARE Iberian Properties SOCIMI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 180.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. VBARE Iberian Properties SOCIMI's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 3.95%.

VBARE Iberian Properties SOCIMI EBIT Historical Data

The historical data trend for VBARE Iberian Properties SOCIMI'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.

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VBARE Iberian Properties SOCIMI EBIT Chart

VBARE Iberian Properties SOCIMI Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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3.82

-0.48

0.54

1.12

2.42

VBARE Iberian Properties SOCIMI Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
EBIT	Get a 7-Day Free Trial											1.47	-0.35	1.05	1.36	0.99

Competitive Comparison of VBARE Iberian Properties SOCIMI's EBIT

For the REIT - Residential subindustry, VBARE Iberian Properties SOCIMI'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.

VBARE Iberian Properties SOCIMI's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, VBARE Iberian Properties SOCIMI's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where VBARE Iberian Properties SOCIMI's EV-to-EBIT falls into.

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VBARE Iberian Properties SOCIMI 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. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €2.35 Mil.

VBARE Iberian Properties SOCIMI (XMAD:YVBA) EBIT Explanation

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

VBARE Iberian Properties SOCIMI's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	1.372 * ( 1 - 0% )	/	( (70.289	+	71.332)	/ 2 )
=	1.372	/	70.8105
=	1.94 %

where

	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	))
=	71.573	-	0.57	-	( 0.714	-	max(0, 1.825	-	2.548	+	0.714	))
=	70.289

	Invested Capital		(Q: Jun. 2024 )
=	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	))
=	71.785	-	0.338	-	( 0.28	-	max(0, 1.83	-	1.945	+	0.28	))
=	71.332

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

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

VBARE Iberian Properties SOCIMI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1.972	/	( ( (0.009 + max(1.042, 0))	+	(0.005 + max(1.127, 0)) )	/	2 )
=	1.972	/	( ( 1.051	+	1.132 )	/	2 )
=	1.972	/	1.0915
=	180.67 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.088	+	0	+	1.709)	-	(0.57	+	0	+	0.185)
=	1.042

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.066	+	0	+	1.547)	-	(0.338	+	0	+	0.148)
=	1.127

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

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

VBARE Iberian Properties SOCIMI's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2024 )
	=	2.35	/	59.471
	=	3.95 %

VBARE Iberian Properties SOCIMI EBIT Related Terms

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VBARE Iberian Properties SOCIMI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » VBARE Iberian Properties SOCIMI SA (XMAD:YVBA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle General Castonas, 11, 1-izq, Madrid, ESP, 28004

Website

https://www.vbarealestate.com

VBARE Iberian Properties SOCIMI SA is a real estate investment vehicle engaged in the acquisition and management of residential assets for lease. In addition, the firm focuses on investing in assets whose prices are below their market value. Its real estate portfolio includes some properties located in Madrid, Spain.

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