HIAG Immobilien Holding AG (XSWX:HIAG) EBIT : CHF70.9 Mil (TTM As of Dec. 2023)

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What is HIAG Immobilien Holding AG EBIT?

HIAG Immobilien Holding AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was CHF36.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was CHF70.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HIAG Immobilien Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 was 1.73%. HIAG Immobilien Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8,268.81%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HIAG Immobilien Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.71%.

HIAG Immobilien Holding AG EBIT Historical Data

The historical data trend for HIAG Immobilien Holding AG'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.

HIAG Immobilien Holding AG EBIT Chart

HIAG Immobilien Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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-78.69

69.26

113.63

115.30

70.91

HIAG Immobilien Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															62.72	61.97	53.34	34.92	35.99

Competitive Comparison of HIAG Immobilien Holding AG's EBIT

For the Real Estate - Diversified subindustry, HIAG Immobilien Holding AG'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.

HIAG Immobilien Holding AG's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, HIAG Immobilien Holding AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where HIAG Immobilien Holding AG's EV-to-EBIT falls into.

HIAG Immobilien Holding AG 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was CHF70.9 Mil.

HIAG Immobilien Holding AG (XSWX:HIAG) EBIT Explanation

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

HIAG Immobilien Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	56.948 * ( 1 - 36.18% )	/	( (2138.757	+	2071.667)	/ 2 )
=	36.3442136	/	2105.212
=	1.73 %

where

	Invested Capital		(Q: Jun. 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	))
=	2054.936	-	15.103	-	( 142.022	-	max(0, 319.295	-	220.371	+	142.022	))
=	2138.757

	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	))
=	2004.276	-	29.678	-	( 25.362	-	max(0, 206.463	-	109.394	+	25.362	))
=	2071.667

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

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

HIAG Immobilien Holding AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	71.98	/	( ( (1.143 + max(-10.26, 0))	+	(0.598 + max(-31.311, 0)) )	/	2 )
=	71.98	/	( ( 1.143	+	0.598 )	/	2 )
=	71.98	/	0.8705
=	8,268.81 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.935	+	39.345	+	2.8421709430404E-14)	-	(15.103	+	0	+	37.437)
=	-10.26

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.444	+	19.846	+	1.862)	-	(29.678	+	0	+	26.785)
=	-31.311

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

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

HIAG Immobilien Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	70.91	/	1504.670
	=	4.71 %

HIAG Immobilien Holding AG EBIT Related Terms

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HIAG Immobilien Holding AG (XSWX:HIAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » HIAG Immobilien Holding AG (XSWX:HIAG) » Definitions » EBIT

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Traded in Other Exchanges

HIAGz:UK

Address

Aeschenplatz 7, Basel, CHE, 4052

Website

https://www.hiag.com/en

HIAG Immobilien Holding AG is a property redevelopment company. The company's portfolio covers 40 sites with a total land area of 2.5 million square meters. Its core business focuses on the management of master plans and building permit procedures, site marketing, the steering of redevelopment processes, and portfolio management, including property administration. About 91% of its real estate portfolio is situated in the economic catchment areas of Zurich/Zug, Baden/Brugg, Basel, and Geneva. The company's business activities are divided into three segments Yielding Portfolio, Development Portfolio, and the Transaction segment.

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