GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Property Group PLC (LSE:FPO) » Definitions » EBIT

First Property Group (LSE:FPO) EBIT : £0.17 Mil (TTM As of Sep. 2023)


View and export this data going back to 2000. Start your Free Trial

What is First Property Group EBIT?

First Property Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £-0.27 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £0.17 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Property Group's annualized ROC % for the quarter that ended in Sep. 2023 was -0.65%. First Property Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -110.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Property Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 0.60%.


First Property Group EBIT Historical Data

The historical data trend for First Property Group'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.

First Property Group EBIT Chart

First Property Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.49 6.86 -4.35 7.41 3.02

First Property Group Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 6.82 0.59 2.58 0.44 -0.27

Competitive Comparison of First Property Group's EBIT

For the Real Estate Services subindustry, First Property Group'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.


First Property Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Property Group's EV-to-EBIT distribution charts can be found below:

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



First Property Group 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.17 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.


First Property Group  (LSE:FPO) EBIT Explanation

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

First Property Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-0.366 * ( 1 - -39.42% )/( (73.311 + 83.123)/ 2 )
=-0.5102772/78.217
=-0.65 %

where

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

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

First Property Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-0.546/( ( (0.277 + max(-3.011, 0)) + (0.714 + max(-14.274, 0)) )/ 2 )
=-0.546/( ( 0.277 + 0.714 )/ 2 )
=-0.546/0.4955
=-110.19 %

where Working Capital is:

Working Capital(Q: Mar. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.888 + 0 + 0.536) - (3.21 + 0 + 1.225)
=-3.011

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2.309 + 0 + 0.57) - (4.566 + 0 + 12.587)
=-14.274

When net working capital is negative, 0 is used.

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

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

First Property Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=0.165/27.476
=0.60 %

* 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.


First Property Group EBIT Related Terms

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


First Property Group (LSE:FPO) Business Description

Traded in Other Exchanges
N/A
Address
32 St James’s Street, London, GBR, SW1A 1HD
First Property Group PLC is a property fund manager and investor with operations in the United Kingdom and Central Europe mainly in Poland. The company is organized into three segments including Property Fund Management, Group Properties, and other co-investment. It generates most of its revenue from the Group Properties segment. The Group Properties segment comprises the revenues and profits from its trading in its properties including rental and service charge income from the properties owned by the company.

First Property Group (LSE:FPO) Headlines