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Financial Engines (Financial Engines) EBIT : $96.3 Mil (TTM As of Mar. 2018)


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What is Financial Engines EBIT?

Financial Engines's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2018 was $26.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2018 was $96.3 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Financial Engines's annualized ROC % for the quarter that ended in Mar. 2018 was 10.31%. Financial Engines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 111.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Financial Engines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 3.36%.


Financial Engines EBIT Historical Data

The historical data trend for Financial Engines'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.

Financial Engines EBIT Chart

Financial Engines Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.90 60.76 49.16 53.97 85.95

Financial Engines Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 17.09 20.08 25.06 24.48 26.68

Competitive Comparison of Financial Engines's EBIT

For the Asset Management subindustry, Financial Engines'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.


Financial Engines's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Financial Engines's EV-to-EBIT distribution charts can be found below:

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



Financial Engines 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $96.3 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.


Financial Engines  (NAS:FNGN) EBIT Explanation

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

Financial Engines's annualized ROC % for the quarter that ended in Mar. 2018 is calculated as:

ROC % (Q: Mar. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2017 ) + Invested Capital (Q: Mar. 2018 ))/ count )
=106.728 * ( 1 - 36.11% )/( (666.955 + 656.413)/ 2 )
=68.1885192/661.684
=10.31 %

where

Invested Capital(Q: Dec. 2017 )
=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))
=925.902 - 34.404 - ( 224.543 - max(0, 69.584 - 354.319+224.543))
=666.955

Invested Capital(Q: Mar. 2018 )
=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))
=930.73 - 35.498 - ( 238.819 - max(0, 51.937 - 371.135+238.819))
=656.413

Note: The Operating Income data used here is four times the quarterly (Mar. 2018) data.

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

Financial Engines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2017  Q: Mar. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=106.728/( ( (25.88 + max(60.192, 0)) + (25.663 + max(80.379, 0)) )/ 2 )
=106.728/( ( 86.072 + 106.042 )/ 2 )
=106.728/96.057
=111.11 %

where Working Capital is:

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(116.116 + 0 + 13.66) - (34.404 + 6.468 + 28.712)
=60.192

Working Capital(Q: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(116.541 + 0 + 15.775) - (35.498 + 3.372 + 13.067)
=80.379

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

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

Financial Engines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2018 )
=96.304/2864.070
=3.36 %

* 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.


Financial Engines EBIT Related Terms

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Financial Engines (Financial Engines) Business Description

Traded in Other Exchanges
N/A
Address
Financial Engines Inc is a provider of technology-enabled portfolio management services, investment advice, and retirement income services. The company offers its host of services to participants in employer-sponsored defined-contribution plans, plan sponsors, and plan providers. Plan participants are offered discretionary management of their plan assets, in addition to investment-decision-making on behalf of the plan participant. A similar service is offered to plan sponsors, where the sponsor enlists the company as a subadvisor to carry out managerial duties for plan participants. Financial Engines also provides investment recommendations for participants choosing to manage their own portfolio, in addition to retirement-readiness assessments and guidance for claiming social security.
Executives
John B Shoven director
Robert A Huret director 130 MERCHANT ST 22ND FLR, HONOLULU HI 96813
David B Yoffie director 2200 MISSION COLLEGE BLVD, RNB 4-151, SANTA CLARA CA 95054
Michael E. Martin director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Craig L Foster officer: EVP & CFO 2580 ORCHARD PARKWAY, SAN JOSE CA 95131
Heidi Fields director 5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
Blake R. Grossman director BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Joseph Grundfest director STANFORD LAW SCHOOL, 559 NATHAN ABBOTT WAY, STANFORD CA 94305
John Bunch officer: EVP, COO & Pres FE Advisors 6940 COLUMBIA GATEWAY DR. SUITE 200 COLUMBIA MD 21046
Warburg Pincus & Co. director 450 LEXINGTON AVENUE, NEW YORK, NY NY 100173147
Warburg Pincus X Partners, L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus Private Equity X, L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus X Gp L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Warburg Pincus X, L.p. director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Wpp Gp Llc director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVE, NEW YORK NY 10017

Financial Engines (Financial Engines) Headlines

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Baron Funds Comments on Financial Engines

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