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FL Entertainment NV (XAMS:FLE) EBIT : €384 Mil (TTM As of Mar. 2024)


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What is FL Entertainment NV EBIT?

FL Entertainment NV's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €80 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €384 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FL Entertainment NV's annualized ROC % for the quarter that ended in Mar. 2024 was 4.46%. FL Entertainment NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 146.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. FL Entertainment NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.84%.

FL Entertainment NV EBIT Historical Data

The historical data trend for FL Entertainment NV'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.

FL Entertainment NV EBIT Chart

FL Entertainment NV Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial 42.10 191.80 117.50 146.00 357.70

FL Entertainment NV Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.10 56.80 76.70 171.10 79.50

Competitive Comparison of FL Entertainment NV's EBIT

For the Entertainment subindustry, FL Entertainment NV'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.

FL Entertainment NV's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, FL Entertainment NV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where FL Entertainment NV's EV-to-EBIT falls into.


FL Entertainment NV 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €384 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.

FL Entertainment NV  (XAMS:FLE) EBIT Explanation

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

FL Entertainment NV's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=403.6 * ( 1 - 42.64% )/( (5041.7 + 5348.5)/ 2 )
=231.50496/5195.1
=4.46 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5733 - 1039.9 - ( 468.4 - max(0, 2467.6 - 2119+468.4))
=5041.7

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5815.3 - 701.7 - ( 496.9 - max(0, 2464.2 - 2229.3+496.9))
=5348.5

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

FL Entertainment NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=318/( ( (219.8 + max(-619.8, 0)) + (215.6 + max(-335, 0)) )/ 2 )
=318/( ( 219.8 + 215.6 )/ 2 )
=318/217.7
=146.07 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(588.9 + 678.1 + 181.6) - (1039.9 + 0 + 1028.5)
=-619.8

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(628 + 708.1 + 396.3) - (701.7 + 0 + 1365.7)
=-335

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

FL Entertainment NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=384.1/6582.447
=5.84 %

* 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.

FL Entertainment NV EBIT Related Terms

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FL Entertainment NV (XAMS:FLE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » FL Entertainment NV (XAMS:FLE) » Definitions » EBIT
Comparable Companies
XAMS:AJAX NFLX DIS XAMS:UMG WBD LYV SIRI WMG XPAR:BOL FWONA FOXA NWSA XPAR:VIV ROKU PARA EDR XKRX:352820 TKO TSE:9602 MEGACPO
Traded in Other Exchanges
W320:Germany
Address
5 Rue Francois 1er, Paris, ITA, 75008
Website
https://www.flentertainment.com
FL Entertainment NV is an independent content production and fastest-growing online sports betting platform in Europe through its Banijay and Betclic Everest Group businesses. Banijay produces both scripted and non-scripted content across all genres, including reality shows, entertainment and talk shows, game shows, factual entertainment, documentary, drama, animation and comedy. Betclic Everest Group operates an online sports betting platform in Europe.

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