GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Momentum Metropolitan Holdings Ltd (JSE:MTM) » Definitions » EBIT

Momentum Metropolitan Holdings (JSE:MTM) EBIT : R12,629 Mil (TTM As of Dec. 2023)


View and export this data going back to 1986. Start your Free Trial

What is Momentum Metropolitan Holdings EBIT?

Momentum Metropolitan Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was R4,971 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was R12,629 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Momentum Metropolitan Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 0.79%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Momentum Metropolitan Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -388.03%.


Momentum Metropolitan Holdings EBIT Historical Data

The historical data trend for Momentum Metropolitan 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.

Momentum Metropolitan Holdings EBIT Chart

Momentum Metropolitan Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,500.00 3,658.00 4,458.00 9,844.00 11,829.00

Momentum Metropolitan Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 3,055.00 6,789.00 4,171.00 7,658.00 4,971.00

Competitive Comparison of Momentum Metropolitan Holdings's EBIT

For the Insurance - Diversified subindustry, Momentum Metropolitan 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.


Momentum Metropolitan Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Momentum Metropolitan Holdings's EV-to-EBIT distribution charts can be found below:

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



Momentum Metropolitan 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 semi-annually data reported by the company within the most recent 12 months, which was R12,629 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.


Momentum Metropolitan Holdings  (JSE:MTM) EBIT Explanation

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

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

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=9942 * ( 1 - 52.05% )/( (584628.05 + 616362.55)/ 2 )
=4767.189/600495.3
=0.79 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=636799 - 20851 - ( 35013 - 5% * 73861 )
=584628.05

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=661328 - 10864 - ( 36687 - 5% * 51711 )
=616362.55

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=12629/-3254.643
=-388.03 %

* 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.


Momentum Metropolitan Holdings EBIT Related Terms

Thank you for viewing the detailed overview of Momentum Metropolitan Holdings's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Momentum Metropolitan Holdings (JSE:MTM) Business Description

Traded in Other Exchanges
Address
268 West Avenue, Centurion, GT, ZAF, 0157
Momentum Metropolitan Holdings Ltd is a financial services group. Its core businesses are long- and short-term insurance, asset management, investment, savings, healthcare administration, and employee benefits. Metropolitan and Momentum are the operating brands for offering product and service solutions to all market segments. The firm's operational segments are: Momentum Life, Momentum Investments, Metropolitan Life, Momentum Corporate, Momentum Metropolitan Health, Momentum Metropolitan Africa, Non-life Insurance, New Initiatives and Shareholders.

Momentum Metropolitan Holdings (JSE:MTM) Headlines

No Headlines