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Neo Performance Materials (TSX:NEO) EV-to-EBIT : 6.83 (As of Jun. 04, 2024)


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What is Neo Performance Materials EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Neo Performance Materials's Enterprise Value is C$214.7 Mil. Neo Performance Materials's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was C$31.4 Mil. Therefore, Neo Performance Materials's EV-to-EBIT for today is 6.83.

The historical rank and industry rank for Neo Performance Materials's EV-to-EBIT or its related term are showing as below:

TSX:NEO' s EV-to-EBIT Range Over the Past 10 Years
Min: -58.91   Med: 7.8   Max: 38.07
Current: 6.83

During the past 8 years, the highest EV-to-EBIT of Neo Performance Materials was 38.07. The lowest was -58.91. And the median was 7.80.

TSX:NEO's EV-to-EBIT is ranked better than
85.34% of 1221 companies
in the Chemicals industry
Industry Median: 17.99 vs TSX:NEO: 6.83

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Neo Performance Materials's Enterprise Value for the quarter that ended in Mar. 2024 was C$202.6 Mil. Neo Performance Materials's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was C$31.4 Mil. Neo Performance Materials's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 15.51%.


Neo Performance Materials EV-to-EBIT Historical Data

The historical data trend for Neo Performance Materials'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.

* Premium members only.

Neo Performance Materials EV-to-EBIT Chart

Neo Performance Materials Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial 7.93 -5.70 13.47 5.32 26.95

Neo Performance Materials Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EV-to-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 32.26 -47.07 35.32 26.95 6.45

Competitive Comparison of Neo Performance Materials's EV-to-EBIT

For the Specialty Chemicals subindustry, Neo Performance Materials'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.


Neo Performance Materials's EV-to-EBIT Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Neo Performance Materials's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Neo Performance Materials's EV-to-EBIT falls into.



Neo Performance Materials EV-to-EBIT Calculation

Neo Performance Materials's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=214.707/31.427
=6.83

Neo Performance Materials's current Enterprise Value is C$214.7 Mil.
Neo Performance Materials'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 C$31.4 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.


Neo Performance Materials  (TSX:NEO) 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) %.

Neo Performance Materials'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 )
=31.427/202.62808
=15.51 %

Neo Performance Materials's Enterprise Value for the quarter that ended in Mar. 2024 was C$202.6 Mil.
Neo Performance Materials'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 C$31.4 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.


Neo Performance Materials EV-to-EBIT Related Terms

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Neo Performance Materials (TSX:NEO) Business Description

Traded in Other Exchanges
Address
121 King Street West, Suite 1740, Toronto, ON, CAN, M5H 3T9
Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets. The Chemicals & Oxides segment manufactures and distributes a broad range of industrial materials. The Rare Metals segment produces specialty metals and their compounds, such as tantalum, niobium, hafnium, rhenium, gallium, and indium. Its geographical segments are Asia, North America, Europe, and Others.
Executives
Rahim Suleman Director, Senior Officer