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Conduit Holdings (LSE:CRE) EBIT : £172.4 Mil (TTM As of Dec. 2023)


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What is Conduit Holdings EBIT?

Conduit Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £109.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £172.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Conduit Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was 22.04%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Conduit Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 25.36%.


Conduit Holdings EBIT Historical Data

The historical data trend for Conduit Holdings'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.

Conduit Holdings EBIT Chart

Conduit Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
-3.42 -31.21 -30.38 172.22

Conduit Holdings Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EBIT Get a 7-Day Free Trial -21.88 -31.67 1.64 62.73 109.65

Competitive Comparison of Conduit Holdings's EBIT

For the Insurance - Reinsurance subindustry, Conduit Holdings'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.


Conduit Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Conduit Holdings's EV-to-EBIT distribution charts can be found below:

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



Conduit Holdings 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 semi-annually data reported by the company within the most recent 12 months, which was £172.4 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.


Conduit Holdings  (LSE:CRE) EBIT Explanation

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

Conduit Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=219.304 * ( 1 - 0% )/( (957.6985 + 1032.00465)/ 2 )
=219.304/994.851575
=22.04 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1046.232 - 5.544 - ( 93.535 - 5% * 210.91 )
=957.6985

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1181.998 - 9.48 - ( 157.842 - 5% * 346.573 )
=1032.00465

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) data.

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

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

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

Conduit Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=172.378/679.852
=25.36 %

* 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.


Conduit Holdings EBIT Related Terms

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Conduit Holdings (LSE:CRE) Business Description

Traded in Other Exchanges
Address
94 Pitts Bay Road, Ideation House, Pembroke, BMU, HM08
Conduit Holdings Ltd operates in the insurance industry. The company is engaged in the business of property and casualty reinsurance underwriting. The underwriting business is comprised of three principal divisions: property, casualty, and specialty. The majority is from the property division. Geographically, the majority is from the United States.

Conduit Holdings (LSE:CRE) Headlines

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