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H.I.G. Acquisition (H.I.G. Acquisition) EV-to-EBIT : 49.29 (As of Jun. 14, 2024)


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What is H.I.G. Acquisition EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, H.I.G. Acquisition's Enterprise Value is $456.75 Mil. H.I.G. Acquisition's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $9.27 Mil. Therefore, H.I.G. Acquisition's EV-to-EBIT for today is 49.29.

The historical rank and industry rank for H.I.G. Acquisition's EV-to-EBIT or its related term are showing as below:

HIGA's EV-to-EBIT is not ranked *
in the Diversified Financial Services industry.
Industry Median: 9.53
* Ranked among companies with meaningful EV-to-EBIT only.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. H.I.G. Acquisition's Enterprise Value for the quarter that ended in Jun. 2022 was $450.38 Mil. H.I.G. Acquisition's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $9.27 Mil. H.I.G. Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 2.06%.

H.I.G. Acquisition EV-to-EBIT Historical Data

The historical data trend for H.I.G. Acquisition's EV-to-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.

H.I.G. Acquisition EV-to-EBIT Chart

H.I.G. Acquisition Annual Data
Trend Dec20 Dec21
EV-to-EBIT
- 53.53

H.I.G. Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
EV-to-EBIT Get a 7-Day Free Trial - -194.77 53.53 48.59 48.60

Competitive Comparison of H.I.G. Acquisition's EV-to-EBIT

For the Shell Companies subindustry, H.I.G. Acquisition'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.

H.I.G. Acquisition's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, H.I.G. Acquisition's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where H.I.G. Acquisition's EV-to-EBIT falls into.


H.I.G. Acquisition EV-to-EBIT Calculation

H.I.G. Acquisition's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=456.747/9.267
=49.29

H.I.G. Acquisition's current Enterprise Value is $456.75 Mil.
H.I.G. Acquisition's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.27 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.

H.I.G. Acquisition  (NYSE:HIGA) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

H.I.G. Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2022 ) =EBIT / Enterprise Value (Q: Jun. 2022 )
=9.267/450.38223931
=2.06 %

H.I.G. Acquisition's Enterprise Value for the quarter that ended in Jun. 2022 was $450.38 Mil.
H.I.G. Acquisition's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.27 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.

H.I.G. Acquisition EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of H.I.G. Acquisition's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

H.I.G. Acquisition (H.I.G. Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » H.I.G. Acquisition Corp (NYSE:HIGA) » Definitions » EV-to-EBIT
Comparable Companies
LEAP RNER ENPC ARTA HCVI LHC CPAR PCPC TPGY TWLV GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
1450 Brickell Avenue, 31st Floor, Miami, FL, USA, 33131
Website
https://www.higacquisitioncorp.com
H.I.G. Acquisition Corp is a blank check company.
Executives
William Mitchell director 50 MARCUS DRIVE, MELVILLE NY 11747
Christopher J Oconnell director MEDTRONIC, INC., 710 MEDTRONIC PKWY, MINNEAPOLIS MN 55432
Sidney Taurel director ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Brian D Schwartz director, 10 percent owner, officer: CEO and Director 1450 BRICKELL AVE., 31ST FLOOR, MIAMI FL 33131
Richard Siegel officer: VP and General Counsel 1450 BRICKELL AVENUE, 31ST FLOOR, MIAMI FL 33131
Timur Akazhanov officer: Chief Financial Officer C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
H.i.g. Acquisition Advisors, Llc 10 percent owner 1450 BRICKELL AVENUE, MIAMI FL 33131
Robby B Wolfson director, 10 percent owner, officer: President and Director C/O H.I.G. ACQUISITION, 1450 BRICKELL AVENUE, MIAMI FL 33131
Anreas Beroutsos director C/O H.I.G. ACQUISITION, 1450 BRICKELL AVENUE, MIAMI FL 33131