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Fortinova Fastigheter AB (FRA:733) Owner Earnings per Share (TTM) : (As of Sep. 2024)


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What is Fortinova Fastigheter AB Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Fortinova Fastigheter AB does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.


The historical rank and industry rank for Fortinova Fastigheter AB's Owner Earnings per Share (TTM) or its related term are showing as below:



FRA:733's Price-to-Owner-Earnings is not ranked *
in the Real Estate industry.
Industry Median: 10.53
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Fortinova Fastigheter AB's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was €-0.01. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was €-0.13. It's PE Ratio (TTM) ratio for today is At Loss.

Fortinova Fastigheter AB's EPS without NRI for the three months ended in Sep. 2024 was €0.05. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was €0.03. It's PE Ratio without NRI ratio for today is 74.84.


Fortinova Fastigheter AB Owner Earnings per Share (TTM) Historical Data

The historical data trend for Fortinova Fastigheter AB's Owner Earnings per Share (TTM) 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.

Fortinova Fastigheter AB Owner Earnings per Share (TTM) Chart

Fortinova Fastigheter AB Annual Data
Trend Aug18 Aug19 Aug20 Aug21
Owner Earnings per Share (TTM)
- - - -

Fortinova Fastigheter AB Quarterly Data
Aug19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Owner Earnings per Share (TTM) 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 - - - - -

Competitive Comparison of Fortinova Fastigheter AB's Owner Earnings per Share (TTM)

For the Real Estate Services subindustry, Fortinova Fastigheter AB's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.


Fortinova Fastigheter AB's Price-to-Owner-Earnings Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortinova Fastigheter AB's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Fortinova Fastigheter AB's Price-to-Owner-Earnings falls into.



Fortinova Fastigheter AB Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Fortinova Fastigheter AB does not have enough data to calculate Owner Earnings per Share (TTM). Please check Wal-Mart Stores Inc, as your reference.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Fortinova Fastigheter AB Owner Earnings per Share (TTM) Related Terms

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Fortinova Fastigheter AB Business Description

Traded in Other Exchanges
Address
Norrgatan 10, Varberg, SWE, 432 41
Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

Fortinova Fastigheter AB Headlines

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