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Bulgartabac Holding AD (XBUL:BTH) EBIT : лв-9.6 Mil (TTM As of Dec. 2016)


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What is Bulgartabac Holding AD EBIT?

Bulgartabac Holding AD's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2016 was лв-23.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2016 was лв-9.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bulgartabac Holding AD's annualized ROC % for the quarter that ended in Dec. 2016 was -29.30%. Bulgartabac Holding AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 was -54.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.


Bulgartabac Holding AD EBIT Historical Data

The historical data trend for Bulgartabac Holding AD'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.

Bulgartabac Holding AD EBIT Chart

Bulgartabac Holding AD Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
EBIT
Get a 7-Day Free Trial 106.51 97.78 22.12 -14.45 -9.57

Bulgartabac Holding AD Quarterly Data
Dec09 Dec10 Dec11 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
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 -70.64 22.28 -6.75 -1.85 -23.24

Competitive Comparison of Bulgartabac Holding AD's EBIT

For the Tobacco subindustry, Bulgartabac Holding AD'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.


Bulgartabac Holding AD's EV-to-EBIT Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Bulgartabac Holding AD's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bulgartabac Holding AD's EV-to-EBIT falls into.



Bulgartabac Holding AD 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was лв-9.6 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.


Bulgartabac Holding AD  (XBUL:BTH) EBIT Explanation

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

Bulgartabac Holding AD's annualized ROC % for the quarter that ended in Dec. 2016 is calculated as:

ROC % (Q: Dec. 2016 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2016 ) + Invested Capital (Q: Dec. 2016 ))/ count )
=-144.688 * ( 1 - 1.82% )/( (460.734 + 508.937)/ 2 )
=-142.0546784/484.8355
=-29.30 %

where

Invested Capital(Q: Sep. 2016 )
=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))
=670.865 - 257.909 - ( 57.725 - max(0, 296.365 - 248.587+57.725))
=460.734

Note: The Operating Income data used here is four times the quarterly (Dec. 2016) data.

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

Bulgartabac Holding AD's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2016 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2016 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2016  Q: Dec. 2016
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-92.976/( ( (162.194 + max(-81.359, 0)) + (180.943 + max(-108.102, 0)) )/ 2 )
=-92.976/( ( 162.194 + 180.943 )/ 2 )
=-92.976/171.5685
=-54.19 %

where Working Capital is:

Working Capital(Q: Sep. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(125.201 + 43.303 + 22.358) - (257.909 + 0 + 14.312)
=-81.359

Working Capital(Q: Dec. 2016 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(128.132 + 31.734 + 21.147) - (270.387 + 0 + 18.728)
=-108.102

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2016) EBIT data.

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

Bulgartabac Holding AD's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2016 )
=-9.569/0.000
= %

* 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.


Bulgartabac Holding AD EBIT Related Terms

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Bulgartabac Holding AD (XBUL:BTH) Business Description

Traded in Other Exchanges
N/A
Address
62 Graf Ignatiev Street, Sofia, BGR, 1000
Bulgartabac Holding AD is a cigarettes manufacturer in Bulgaria. The company is an exporter of processed Virginia, Burley & Oriental tobaccos. It supplies aromatic and semi-aromatic types of tobaccos. Its products include Victory, Class S, Femina Slim, Prestige & Welcome.

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