Novares Group (XPAR:NVS) EBIT: € Mil (TTM As of Jun. 2017)


What is Novares Group EBIT?

Novares Group XPAR:NVS EBIT is € Mil as of Jun. 2017.

Novares Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2017 was €29.86 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Novares Group's annualized ROC % for the quarter that ended in Jun. 2017 was 7.92%. Novares Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 was 24.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Novares Group  (XPAR:NVS) EBIT Explanation

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

Novares Group's annualized ROC % for the quarter that ended in Jun. 2017 is calculated as:

ROC % (Q: Jun. 2017 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2016 ) + Invested Capital (Q: Jun. 2017 ))/ count )
=59.714 * ( 1 - 27.51% )/( (572.942 + 520.542)/ 2 )
=43.2866786/546.742
=7.92 %

where

Invested Capital(Q: Dec. 2016 )
=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))
=811.291 - 265.496 - ( 68.402 - max(0, 424.597 - 397.45+68.402))
=572.942

Invested Capital(Q: Jun. 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))
=815.785 - 306.104 - ( 50.669 - max(0, 397.57 - 386.709+50.669))
=520.542

Note: The Operating Income data used here is two times the semi-annual (Jun. 2017) data.

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

Novares Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2017 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2017 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2016  Q: Jun. 2017
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=59.714/( ( (230.545 + max(2.111, 0)) + (247.376 + max(-13.888, 0)) )/ 2 )
=59.714/( ( 232.656 + 247.376 )/ 2 )
=59.714/240.016
=24.88 %

where Working Capital is:

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(180.041 + 41.99 + 107.017) - (265.496 + 0 + 61.441)
=2.111

Working Capital(Q: Jun. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(172.985 + 45.364 + 117.691) - (306.104 + 0 + 43.824)
=-13.888

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2017) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2017 )
=/0.000
= %

* 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.

Novares Group EBIT Related Terms

Novares Group EBIT Historical Data

* Premium members only.

The historical data trend for Novares Group'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.

Novares Group EBIT Chart

Novares Group Annual Data
Trend Dec16
EBIT
35.01

Novares Group Semi-Annual Data
Jun16 Dec16 Jun17
EBIT 13.24 21.77 29.86

XPAR:NVS vs : EBIT Comparison

For the Auto Parts subindustry, Novares Group'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.

Novares Group EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Novares Group's EV-to-EBIT distribution charts can be found below:

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


Novares Group 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. 2017 adds up the semi-annually data reported by the company within the most recent 12 months, which was € 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 € Mil mean?
Novares Group (XPAR:NVS) has a EBIT of € Mil as of Jun. 2017. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Novares Group.
Is Novares Group's EBIT too high?
Novares Group's current EBIT is € Mil.
How does Novares Group's EBIT compare to ?
Novares Group's EBIT of € Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 Novares Group. Novares Group's current EBIT is € Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novares Group stock overvalued right now?
Novares Group (XPAR:NVS) has a current EBIT of € Mil. The current EBIT is € 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 Novares Group (XPAR:NVS), the current EBIT is € Mil as of Jun. 2017. 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.

Novares Group Business Description

Comparable Companies
Address 361 avenue du General de Gaulle, Clamart, Paris, FRA, FR-92140
Novares Group SA is a plastic solutions provider that designs and manufactures complex components and systems serving the automotive industry. The company designs and produces automotive parts and specializes in technical plastic injection for automobiles. Its product portfolio consists of Engine Components, Bezels and Clusters, Air Vents and Decoration Trims, Interior and Car Body Trim, Handles, Exterior Paint and Surfaces, and E-Powertrain Components.