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Befesa (XTER:BFSA) EBIT : €109 Mil (TTM As of Sep. 2024)


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What is Befesa EBIT?

Befesa's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was €18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was €109 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Befesa's annualized ROC % for the quarter that ended in Sep. 2024 was 1.54%. Befesa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 9.55%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Befesa's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 6.92%.


Befesa EBIT Historical Data

The historical data trend for Befesa'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.

Befesa EBIT Chart

Befesa Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.61 73.89 127.21 153.15 103.85

Befesa Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.54 36.37 27.19 27.69 18.09

Competitive Comparison of Befesa's EBIT

For the Waste Management subindustry, Befesa'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.


Befesa's EV-to-EBIT Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Befesa's EV-to-EBIT distribution charts can be found below:

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


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Befesa 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €109 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.


Befesa  (XTER:BFSA) EBIT Explanation

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

Befesa's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=92.292 * ( 1 - 70.44% )/( (1816.203 + 1723.612)/ 2 )
=27.2815152/1769.9075
=1.54 %

where

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))
=2005.244 - 211.018 - ( 107.935 - max(0, 384.811 - 362.834+107.935))
=1816.203

Invested Capital(Q: Sep. 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))
=1920.84 - 196.859 - ( 86.567 - max(0, 316.903 - 317.272+86.567))
=1723.612

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

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

Befesa's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=72.352/( ( (766.885 + max(-86.476, 0)) + (748.478 + max(-67.558, 0)) )/ 2 )
=72.352/( ( 766.885 + 748.478 )/ 2 )
=72.352/757.6815
=9.55 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(116.56 + 101.702 + 0.44400000000002) - (211.018 + 0 + 94.164)
=-86.476

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.08 + 97.477 + 0) - (196.859 + 0 + 65.256)
=-67.558

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=109.339/1580.022
=6.92 %

* 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.


Befesa EBIT Related Terms

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Befesa Business Description

Traded in Other Exchanges
Address
68-70, Boulevard de la Petrusse, Grand Duchy of Luxembourg, Luxembourg, LUX, L-2320
Befesa SA provides sustainable services for the recycling of hazardous residues from the Steel & Aluminium industry. It operates in two business segments: Steel dust recycling services & aluminum salt slags recycling services. In the Steel Dust Recycling segment, the company collects & recycles steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel. The Aluminum Salt Slags recycling services are divided into salt sags & secondary aluminum segments. Its secondary aluminum operations include the collection and recycling of aluminum scrap and other aluminum residues. The geographical segments are Spain, Germany, Netherlands, Belgium, Finland, France, United Kingdom, Italy, & others, out of which the majority is derived from Spain.
Executives
Georg Graf Von Waldersee Board of Directors
Asier Zarraonandia Ayo Board of Directors
Helmut Wieser Board of Directors
Javier Molina Montes Executive Chair
Natalia Latorre Arranz Board of Directors
Wolf Uwe Lehmann Chief Financial Officer and Member of the Board of Directors
Manuel Soto Serrano Board of Directors
Federico Barredo Ardanza Vice President of Aluminium Salt Slags Recycling Services and Member of the Senior Management

Befesa Headlines

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