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GuruFocus has detected 5 Warning Signs with Nicholas Financial Inc $NICK.
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Nicholas Financial Inc (NAS:NICK)
EV-to-EBIT
11.56 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Nicholas Financial Inc's enterprise value is $276.12 Mil. Nicholas Financial Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $23.88 Mil. Therefore, Nicholas Financial Inc's EV/EBIT ratio for today is 11.56.

NICK' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.1   Max: 15.37
Current: 15.37

6.1
15.37

During the past 13 years, the highest EV/EBIT Ratio of Nicholas Financial Inc was 15.37. The lowest was 6.10. And the median was 8.90.

NICK's EV-to-EBIT is ranked higher than
61% of the 374 Companies
in the Global Credit Services industry.

( Industry Median: 16.65 vs. NICK: 15.37 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Nicholas Financial Inc's enterprise value for the quarter that ended in Dec. 2016 was $303.18 Mil. Nicholas Financial Inc's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was $23.88 Mil. Nicholas Financial Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 was 7.88%.


Definition

Nicholas Financial Inc's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=276.124/23.881
=11.56

Nicholas Financial Inc's current Enterprise Value is $276.12 Mil.
Nicholas Financial Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 6.685 (Mar. 2016 ) + 6.95 (Jun. 2016 ) + 5.401 (Sep. 2016 ) + 4.845 (Dec. 2016 ) = $23.88 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider 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).

Nicholas Financial Inc's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Dec. 2016 )=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=23.881/303.1802
=7.88 %

Nicholas Financial Inc's Enterprise Value for the quarter that ended in Dec. 2016 was $303.18 Mil.
Nicholas Financial Inc's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was 6.685 (Mar. 2016 ) + 6.95 (Jun. 2016 ) + 5.401 (Sep. 2016 ) + 4.845 (Dec. 2016 ) = $23.88 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Nicholas Financial Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
ev2ebit 11.9211.088.527.896.508.019.289.4610.060.00

Nicholas Financial Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ev2ebit 10.009.469.379.969.9310.0610.1711.0512.700.00
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