LondonMetric Property (LSE:LMP) EBIT : £-148.4 Mil (TTM As of Sep. 2023)

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What is LondonMetric Property EBIT?

LondonMetric Property's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was £99.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was £-148.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. LondonMetric Property's annualized ROC % for the quarter that ended in Sep. 2023 was 4.25%. LondonMetric Property's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 33,066.67%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. LondonMetric Property's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -2.93%.

LondonMetric Property EBIT Historical Data

The historical data trend for LondonMetric Property'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.

LondonMetric Property EBIT Chart

LondonMetric Property Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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134.70

15.30

276.50

760.10

-478.10

LondonMetric Property 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															267.00	493.10	-230.50	-247.60	99.20

Competitive Comparison of LondonMetric Property's EBIT

For the REIT - Diversified subindustry, LondonMetric Property'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.

LondonMetric Property's EV-to-EBIT Distribution in the REITs Industry

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

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

LondonMetric Property 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 £-148.4 Mil.

LondonMetric Property (LSE:LMP) EBIT Explanation

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

LondonMetric Property'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 )
=	136 * ( 1 - -0.37% )	/	( (3123.3	+	3295)	/ 2 )
=	136.5032	/	3209.15
=	4.25 %

where

	Invested Capital		(Q: Mar. 2023 )
=	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	))
=	3078	-	26.3	-	( 23.9	-	max(0, 130.9	-	59.3	+	23.9	))
=	3123.3

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	3266.6	-	30.8	-	( 15.7	-	max(0, 110.8	-	51.6	+	15.7	))
=	3295

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:

LondonMetric Property'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 )
=	198.4	/	( ( (1.2 + max(-33.8, 0))	+	(0 + max(-38.4, 0)) )	/	2 )
=	198.4	/	( ( 1.2	+	0 )	/	2 )
=	198.4	/	0.6
=	33,066.67 %

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)
=	(2.5	+	1.1	+	28.5)	-	(26.3	+	0	+	39.6)
=	-33.8

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3.9	+	1.1	+	27.4)	-	(30.8	+	0	+	40)
=	-38.4

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:

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-148.4	/	5067.301
	=	-2.93 %

LondonMetric Property EBIT Related Terms

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LondonMetric Property (LSE:LMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LondonMetric Property PLC (LSE:LMP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

LNSPF:USA LMPl:UK

Address

One Curzon Street, London, GBR, W1J 5HB

Website

https://www.londonmetric.com

LondonMetric Property PLC is a real estate company that is engaged in property investment and development across the United Kingdom. The company focuses on properties in the retail and distribution businesses. The company categorizes its property portfolios in six segments: Distribution, retail parks, Long income, Office, Residential, and Development. The company generates its revenue mainly from contracted leases.

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