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Equatorial Resources (ASX:EQX) EV-to-EBIT

: -4.47 (As of Today)
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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Equatorial Resources's Enterprise Value is A$5.37 Mil. Equatorial Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.20 Mil. Therefore, Equatorial Resources's EV-to-EBIT for today is -4.47.

The historical rank and industry rank for Equatorial Resources's EV-to-EBIT or its related term are showing as below:

ASX:EQX' s EV-to-EBIT Range Over the Past 10 Years
Min: -6.17   Med: 0   Max: 14.37
Current: -4.47

During the past 13 years, the highest EV-to-EBIT of Equatorial Resources was 14.37. The lowest was -6.17. And the median was 0.00.

ASX:EQX's EV-to-EBIT is ranked worse than
100% of 499 companies
in the Steel industry
Industry Median: 11.07 vs ASX:EQX: -4.47

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Equatorial Resources's Enterprise Value for the quarter that ended in Dec. 2023 was A$-0.49 Mil. Equatorial Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.20 Mil. Equatorial Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 246.42%.


Equatorial Resources EV-to-EBIT Historical Data

The historical data trend for Equatorial Resources'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.

Equatorial Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EV-to-EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.30 8.90 -0.07 -2.36 -1.37

Equatorial Resources Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EV-to-EBIT 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 Premium Member Only Premium Member Only Premium Member Only - -2.36 - -1.37 -

Competitive Comparison

For the Steel subindustry, Equatorial Resources'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.


Equatorial Resources EV-to-EBIT Distribution

For the Steel industry and Basic Materials sector, Equatorial Resources's EV-to-EBIT distribution charts can be found below:

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



Equatorial Resources EV-to-EBIT Calculation

Equatorial Resources's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=5.370/-1.201
=-4.47

Equatorial Resources's current Enterprise Value is A$5.37 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Equatorial Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.20 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.


Equatorial Resources  (ASX:EQX) 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) %.

Equatorial Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=-1.201/-0.487375
=246.42 %

Equatorial Resources's Enterprise Value for the quarter that ended in Dec. 2023 was A$-0.49 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Equatorial Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$-1.20 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.


Equatorial Resources EV-to-EBIT Related Terms

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


Equatorial Resources (ASX:EQX) Business Description

Traded in Other Exchanges
N/A
Address
28 The Esplanade, Level 9, BGC Centre, Perth, WA, AUS, 6000
Equatorial Resources Ltd is an iron ore exploration and development company. The company's iron ore projects are located in the Republic of Congo (ROC). The company focuses on advancing its existing mineral resource assets in Africa, as well as searching for new opportunities in the resources sector. It operates the Badondo Iron Project located in the northwest region of the Republic of Congo. Central & West Africa hosts a regional distribution of undeveloped world-class high-grade iron ore deposits. It is comprised of the same rock type and similar geological formation as the Carajas System in South America.