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Cochlear (ASX:COH) EV-to-EBIT : 42.88 (As of May. 02, 2024)


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What is Cochlear EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cochlear's Enterprise Value is A$20,494 Mil. Cochlear's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$478 Mil. Therefore, Cochlear's EV-to-EBIT for today is 42.88.

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

ASX:COH' s EV-to-EBIT Range Over the Past 10 Years
Min: -56.06   Med: 32.21   Max: 54.93
Current: 42.88

During the past 13 years, the highest EV-to-EBIT of Cochlear was 54.93. The lowest was -56.06. And the median was 32.21.

ASX:COH's EV-to-EBIT is ranked worse than
79.7% of 463 companies
in the Medical Devices & Instruments industry
Industry Median: 19.93 vs ASX:COH: 42.88

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Cochlear's Enterprise Value for the quarter that ended in Dec. 2023 was A$19,336 Mil. Cochlear's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$478 Mil. Cochlear's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 2.47%.


Cochlear EV-to-EBIT Historical Data

The historical data trend for Cochlear'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.

Cochlear EV-to-EBIT Chart

Cochlear Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.47 -46.76 42.89 31.55 36.18

Cochlear Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 31.55 - 36.18 -

Competitive Comparison of Cochlear's EV-to-EBIT

For the Medical Devices subindustry, Cochlear'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.


Cochlear's EV-to-EBIT Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Cochlear's EV-to-EBIT distribution charts can be found below:

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



Cochlear EV-to-EBIT Calculation

Cochlear's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=20494.262/477.9
=42.88

Cochlear's current Enterprise Value is A$20,494 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cochlear's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$478 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.


Cochlear  (ASX:COH) 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) %.

Cochlear's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=477.9/19335.666639
=2.47 %

Cochlear's Enterprise Value for the quarter that ended in Dec. 2023 was A$19,336 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cochlear's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was A$478 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.


Cochlear EV-to-EBIT Related Terms

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


Cochlear (ASX:COH) Business Description

Traded in Other Exchanges
Address
1 University Avenue, Macquarie University, Sydney, NSW, AUS, 2109
Cochlear is the leading cochlear implant device manufacturer with around 60% global market share. Developed markets contribute 80% of group revenue where cochlear implants are the standard of care for children with severe to profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2020, 49% of revenue came from the Americas, 35% from Europe, the Middle East, and Africa, and 16% from the Asia-Pacific segment.

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