2 Cheap Cars Group (NZSE:2CC) EV-to-EBIT : 6.00 (As of Apr. 27, 2024)

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What is 2 Cheap Cars Group EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, 2 Cheap Cars Group's Enterprise Value is NZ$36.84 Mil. 2 Cheap Cars Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$6.14 Mil. Therefore, 2 Cheap Cars Group's EV-to-EBIT for today is 6.00.

The historical rank and industry rank for 2 Cheap Cars Group's EV-to-EBIT or its related term are showing as below:

NZSE:2CC' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.98 Med: 10.73 Max: 17.19
Current: 6.01

During the past 3 years, the highest EV-to-EBIT of 2 Cheap Cars Group was 17.19. The lowest was 5.98. And the median was 10.73.

NZSE:2CC's EV-to-EBIT is ranked better than
80.27% of 1044 companies
in the Vehicles & Parts industry
Industry Median: 12.595 vs NZSE:2CC: 6.01

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. 2 Cheap Cars Group's Enterprise Value for the quarter that ended in Sep. 2023 was NZ$40.06 Mil. 2 Cheap Cars Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$6.14 Mil. 2 Cheap Cars Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 15.32%.

2 Cheap Cars Group EV-to-EBIT Historical Data

The historical data trend for 2 Cheap Cars Group'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.

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2 Cheap Cars Group EV-to-EBIT Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

EV-to-EBIT

12.24

14.99

7.21

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EV-to-EBIT	Get a 7-Day Free Trial			-	14.99	-	7.21	-

Competitive Comparison of 2 Cheap Cars Group's EV-to-EBIT

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.

2 Cheap Cars Group's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's EV-to-EBIT falls into.

2 Cheap Cars Group EV-to-EBIT Calculation

2 Cheap Cars Group's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	36.835	/	6.136
	=	6.00

2 Cheap Cars Group's current Enterprise Value is NZ$36.84 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. 2 Cheap Cars Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$6.14 Mil.

2 Cheap Cars Group (NZSE:2CC) 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) %.

2 Cheap Cars Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2023 )	=	EBIT	/	Enterprise Value (Q: Sep. 2023 )
	=	6.136	/	40.062
	=	15.32 %

2 Cheap Cars Group's Enterprise Value for the quarter that ended in Sep. 2023 was NZ$40.06 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. 2 Cheap Cars Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was NZ$6.14 Mil.

2 Cheap Cars Group EV-to-EBIT Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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