Corticeira Amorim SGPS (XLIS:COR) EBIT : €130.0 Mil (TTM As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Corticeira Amorim SGPS EBIT?

Corticeira Amorim SGPS's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was €23.4 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €130.0 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corticeira Amorim SGPS's annualized ROC % for the quarter that ended in Dec. 2023 was 7.65%. Corticeira Amorim SGPS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 10.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corticeira Amorim SGPS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.57%.

Corticeira Amorim SGPS EBIT Historical Data

The historical data trend for Corticeira Amorim SGPS'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.

Corticeira Amorim SGPS EBIT Chart

Corticeira Amorim SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

Get a 7-Day Free Trial

92.84

81.84

103.03

119.79

130.05

Corticeira Amorim SGPS 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															21.13	36.12	44.84	25.72	23.37

Competitive Comparison of Corticeira Amorim SGPS's EBIT

For the Lumber & Wood Production subindustry, Corticeira Amorim SGPS'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.

Corticeira Amorim SGPS's EV-to-EBIT Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Corticeira Amorim SGPS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Corticeira Amorim SGPS's EV-to-EBIT falls into.

Corticeira Amorim SGPS 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 €130.0 Mil.

Corticeira Amorim SGPS (XLIS:COR) EBIT Explanation

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

Corticeira Amorim SGPS'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 )
=	73.68 * ( 1 - -22.15% )	/	( (1185.43	+	1166.096)	/ 2 )
=	90.00012	/	1175.763
=	7.65 %

where

	Invested Capital		(Q: Sep. 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	))
=	1489.124	-	239.654	-	( 64.04	-	max(0, 535.677	-	963.619	+	64.04	))
=	1185.43

	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	))
=	1415.225	-	169.543	-	( 79.586	-	max(0, 451.203	-	865.974	+	79.586	))
=	1166.096

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

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

Corticeira Amorim SGPS'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 )
=	93.496	/	( ( (421.53 + max(431.834, 0))	+	(443.343 + max(536.989, 0)) )	/	2 )
=	93.496	/	( ( 853.364	+	980.332 )	/	2 )
=	93.496	/	916.848
=	10.20 %

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)
=	(219.915	+	528.852	+	58.3)	-	(239.654	+	0	+	135.579)
=	431.834

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(203.08	+	517.888	+	54.784)	-	(169.543	+	0	+	69.22)
=	536.989

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:

Corticeira Amorim SGPS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	130.048	/	1516.767
	=	8.57 %

Corticeira Amorim SGPS EBIT Related Terms

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

Corticeira Amorim SGPS (XLIS:COR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Corticeira Amorim SGPS SA (XLIS:COR) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0O7J:UK AS4:Germany

Address

No. 380, Rua Comendador Américo Ferreira de Amorim, Mozelos, PRT, 4536-902

Website

https://www.corticeiraamorim.com

Corticeira Amorim SGPS SA (Corticeira Amorim) is a holding company engaged in cork-related products. Group organizes its activities into five business divisions: Raw Materials, Cork Stoppers, Floor and wall Coverings, Cork Composites, and Insulation Cork. The company's products include stoppers for wine and other spirits, granulated cork, rubber cork, cork floorings and giftware. The business of the company is operated through Portugal, Spain, Tunisia, the United States, Australia, Germany, China, Italy, Argentina, France and Netherlands. The company derives majority of the revenue from European region.