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Cannae Holdings (Cannae Holdings) EBIT : $-189.2 Mil (TTM As of Dec. 2023)


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What is Cannae Holdings EBIT?

Cannae Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $17.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-189.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cannae Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -8.72%. Cannae Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 35.02%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cannae Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -11.91%.


Cannae Holdings EBIT Historical Data

The historical data trend for Cannae Holdings's 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.

Cannae Holdings EBIT Chart

Cannae Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 255.70 2,190.90 -423.20 -323.30 -189.20

Cannae Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT 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 Premium Member Only 84.30 32.20 -59.10 -179.30 17.00

Competitive Comparison of Cannae Holdings's EBIT

For the Restaurants subindustry, Cannae Holdings'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.


Cannae Holdings's EV-to-EBIT Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cannae Holdings's EV-to-EBIT distribution charts can be found below:

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



Cannae Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-189.2 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.


Cannae Holdings  (NYSE:CNNE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cannae Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-98.8 * ( 1 - -130.08% )/( (2672.5 + 2542.7)/ 2 )
=-227.31904/2607.6
=-8.72 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Cannae Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=68/( ( (186.1 + max(-54.3, 0)) + (202.2 + max(-61.6, 0)) )/ 2 )
=68/( ( 186.1 + 202.2 )/ 2 )
=68/194.15
=35.02 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 45.2) - (88 + 11.5 + 0)
=-54.3

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 29.5) - (74.2 + 16.9 + 0)
=-61.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cannae Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-189.2/1588.267
=-11.91 %

* 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.


Cannae Holdings EBIT Related Terms

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Cannae Holdings (Cannae Holdings) Business Description

Traded in Other Exchanges
Address
1701 Village Center Circle, Las Vegas, NV, USA, 89134
Cannae Holdings Inc is a holding company that manages and operates a group of companies and investments. The company's reportable segments are Restaurant Group, Dun & Bradstreet, Sightline, Paysafe, Alight, Corporate and Other Affiliate Elimination.
Executives
Richard N Massey director 900 S. SHACKLEFORD ROAD, SUITE 401, LITTLE ROCK AR 72211
Curley Charles R Jr. officer: EVP, General Counsel 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89135
Ryan R. Caswell officer: President 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Peter T Sadowski officer: EVP, Chief Legal Officer FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Barry B Moullet director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Bryan D. Coy officer: Chief Financial Officer 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
David Aung director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Frank R Martire director CANNAE HOLDING, INC., 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Michael L Gravelle officer: EVP, Corp. Sect'y & Genl. Coun 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Brent B Bickett officer: President FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Richard L. Cox officer: Executive Vice President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Frank P Willey director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Erika Meinhardt director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Hugh R Harris director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Mark David Linehan director 5330 DEBBIE ROAD, SUITE 100, SANTA BARBARA CA 93111