M&G (LSE:MNG) EBIT : £1,115 Mil (TTM As of Dec. 2023)

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What is M&G EBIT?

M&G's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was £824 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was £1,115 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. M&G's annualized ROC % for the quarter that ended in Dec. 2023 was 0.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. M&G's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.51%.

M&G EBIT Historical Data

The historical data trend for M&G'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.

M&G EBIT Chart

M&G Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,927.00

1,925.00

1,109.00

-2,721.00

1,115.00

M&G Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial									900.00	-1,630.00	-1,091.00	291.00	824.00

Competitive Comparison of M&G's EBIT

For the Asset Management subindustry, M&G'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.

M&G's EV-to-EBIT Distribution in the Asset Management Industry

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

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

M&G 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 £1,115 Mil.

M&G (LSE:MNG) EBIT Explanation

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

M&G'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 )
=	1648 * ( 1 - 62.32% )	/	( (184717.5	+	180263.75)	/ 2 )
=	620.9664	/	182490.625
=	0.34 %

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 )
=	189420	-	64	-	( 4743	-	5% * 2090 )
=	184717.5

	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 )
=	189622	-	4197	-	( 5590	-	5% * 8575 )
=	180263.75

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:

M&G's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1115	/	7686.833
	=	14.51 %

M&G EBIT Related Terms

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M&G (LSE:MNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G PLC (LSE:MNG) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

MGPUF:USA MNGl:UK 7MP:Germany

Address

10 Fenchurch Avenue, London, GBR, EC3M 5AG

Website

https://www.mandgprudential.com

M&G PLC is a United Kingdom-based company engaged in the savings and investments business. It serves retail customers, who want to build and protect their life savings, and provides investment solutions. The company's reportable segments are 1) Asset Management segment which generates revenues by charging fees that are typically based on the level of assets under management. The Asset Management segment also earns investment management revenues from the proportion of Retail and Savings assets it manages, 2) Retail and Savings segment which includes M and G Wealth, Heritage business and Other Retail and Savings business which relates to the company's international savings business. and 3) Corporate Centre segment includes central corporate costs and debt costs.

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