Sonae SGPS (XLIS:SON) EBIT : €649 Mil (TTM As of Mar. 2024)

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What is Sonae SGPS EBIT?

Sonae SGPS's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €649 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sonae SGPS's annualized ROC % for the quarter that ended in Mar. 2024 was 1.97%. Sonae SGPS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sonae SGPS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 13.61%.

Sonae SGPS EBIT Historical Data

The historical data trend for Sonae SGPS'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.

Sonae SGPS EBIT Chart

Sonae SGPS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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340.99

145.91

405.66

457.43

581.60

Sonae SGPS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															68.84	125.24	158.80	282.37	82.75

Competitive Comparison of Sonae SGPS's EBIT

For the Department Stores subindustry, Sonae SGPS'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.

Sonae SGPS's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sonae SGPS's EV-to-EBIT distribution charts can be found below:

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

Sonae SGPS 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €649 Mil.

Sonae SGPS (XLIS:SON) EBIT Explanation

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

Sonae SGPS's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	191.816 * ( 1 - 19.71% )	/	( (7490.8	+	8136.958)	/ 2 )
=	154.0090664	/	7813.879
=	1.97 %

where

	Invested Capital		(Q: Dec. 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	))
=	8845.055	-	1846.389	-	( 711.03	-	max(0, 2502.075	-	2009.941	+	711.03	))
=	7490.8

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	9566.469	-	2154.176	-	( 481.375	-	max(0, 2618.863	-	1894.198	+	481.375	))
=	8136.958

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Sonae SGPS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	331.012	/	( ( (2987.075 + max(-1013.317, 0))	+	(3078.932 + max(-758.319, 0)) )	/	2 )
=	331.012	/	( ( 2987.075	+	3078.932 )	/	2 )
=	331.012	/	3033.0035
=	10.91 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(163.256	+	798.646	+	291.041)	-	(1846.389	+	0	+	419.871)
=	-1013.317

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(434.949	+	822.349	+	155.525)	-	(2154.176	+	0	+	16.966)
=	-758.319

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

Sonae SGPS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	649.16	/	4768.773
	=	13.61 %

Sonae SGPS EBIT Related Terms

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Sonae SGPS (XLIS:SON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sonae SGPS SA (XLIS:SON) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

0ML0:UK YSON:Germany

Address

Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909

Website

https://www.sonae.pt

Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into eight segments based on the business offerings: Sonae MC, Worten, Sonae Fashion, Iberian Sports Retail Group, Sonae FS, Sonae IM, Sonae Sierra, and NOS. The Sonae MC business segment, which generates most of the company's revenue, is the company's food retail unit and operates restaurants, supermarkets, and convenience stores, among others. The company operates globally but earns most of its revenue in Portugal.