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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Finnovate Acquisition's Enterprise Value is $78.28 Mil. Finnovate Acquisition's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.01 Mil. Therefore, Finnovate Acquisition's EV-to-EBIT for today is -38.90.
The historical rank and industry rank for Finnovate Acquisition's EV-to-EBIT or its related term are showing as below:
Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Finnovate Acquisition's Enterprise Value for the quarter that ended in Mar. 2024 was $104.03 Mil. Finnovate Acquisition's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.01 Mil. Finnovate Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -1.93%.
The historical data trend for Finnovate Acquisition's EV-to-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.
Finnovate Acquisition Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
EV-to-EBIT | - | -151.48 | -51.14 |
Finnovate Acquisition Quarterly Data | |||||||||||||
Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EV-to-EBIT | Get a 7-Day Free Trial | -141.76 | -49.98 | -43.67 | -51.14 | -51.70 |
For the Shell Companies subindustry, Finnovate Acquisition'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.
For the Diversified Financial Services industry and Financial Services sector, Finnovate Acquisition's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Finnovate Acquisition's EV-to-EBIT falls into.
Finnovate Acquisition's EV-to-EBIT for today is calculated as:
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 78.276 | / | -2.012 | |
= | -38.90 |
Finnovate Acquisition's current Enterprise Value is $78.28 Mil.
Finnovate Acquisition's 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 $-2.01 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.
Finnovate Acquisition (NAS:FNVT) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.
Finnovate Acquisition's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:
Earnings Yield (Joel Greenblatt) % (Q: Mar. 2024 ) | = | EBIT | / | Enterprise Value (Q: Mar. 2024 ) |
= | -2.012 | / | 104.0297292 | |
= | -1.93 % |
Finnovate Acquisition's Enterprise Value for the quarter that ended in Mar. 2024 was $104.03 Mil.
Finnovate Acquisition's 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 $-2.01 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.
Thank you for viewing the detailed overview of Finnovate Acquisition's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Chun Yi Hao | director | 2 BURLINGTON WOODS DRIVE, SUITE 100, BURLINGTON MA 01803 |
Sanjay Prasad | director | 25 MALL ROAD, SUITE 330, BURLINGTON MA 01803 |
Tiemei Sarah Li | director | THE WHITE HOUSE, 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208 |
Meitav Investment House Ltd | 10 percent owner | 30 DEREKH SHESHET HA-YAMIM ST., BENE-BERAQ L3 5112302 |
Wang Chiu Wong | director, 10 percent owner, officer: Chief Financial Officer | THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN, E9 KY1 1208 |
Calvin Kung | director, 10 percent owner, officer: Chief Executive Officer | THE WHITE HOUSE 20 GENESIS CLOSE, GEORGE TOWN E9 KY1 1208 |
Sunorange Ltd. | 10 percent owner | C/O FINNOVATE ACQUISITION CORP., THE WHITE HOUSE 20 GENESIS CLOSE,, GEORGE TOWN E9 KY11208 |
Mitchell Alan Garber | director | ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109 |
Ron Avshalom Golan | director, officer: Chief Financial Officer | 6 FROGNAL CLOSE, LONDON X0 NW3 6YB |
Gustavo Rodolfo Schwed | director | 34 WEST 17TH STREET, PH, NEW YORK NY 10011 |
David Gershon | director, officer: Chief Executive Officer | 9 MAURIZIO VITALE APT. 47, TEL AVIV L3 6965104 |
Nadav Zohar | director | C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139 |
Jonathan Ophir | officer: Chief Investment Officer | C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139 |
Finnovate Sponsor L.p. | 10 percent owner | C/O FINNOVATE ACQUISITION CORP.,, 94 YIGAL ALON ST., TEL AVIV L3 6789139 |
Finnovate Sponsor Llc | 10 percent owner | C/O FINNOVATE ACQUISITION CORP., 94 YIGAL ALON ST., TEL AVIV L3 6789139 |
From GuruFocus
By Marketwired • 09-18-2023
By GuruFocusNews GuruFocusNews • 12-06-2021
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