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SPIE (XPAR:SPIE) EBIT : €451 Mil (TTM As of Dec. 2023)


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What is SPIE EBIT?

SPIE's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was €297 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was €451 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPIE's annualized ROC % for the quarter that ended in Dec. 2023 was 5.08%. SPIE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 103.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SPIE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.06%.


SPIE EBIT Historical Data

The historical data trend for SPIE'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.

SPIE EBIT Chart

SPIE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 332.30 193.42 333.33 308.96 450.70

SPIE Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 212.77 144.51 164.44 153.35 297.35

Competitive Comparison of SPIE's EBIT

For the Engineering & Construction subindustry, SPIE'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.


SPIE's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, SPIE's EV-to-EBIT distribution charts can be found below:

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



SPIE 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 €451 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.


SPIE  (XPAR:SPIE) EBIT Explanation

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

SPIE's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=569.504 * ( 1 - 33.41% )/( (6969.147 + 7959.473)/ 2 )
=379.2327136/7464.31
=5.08 %

where

Invested Capital(Q: Jun. 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))
=8698.938 - 2065.84 - ( 577.824 - max(0, 3903.111 - 3567.062+577.824))
=6969.147

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))
=9150.452 - 1523.165 - ( 1219.93 - max(0, 4074.878 - 3742.692+1219.93))
=7959.473

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

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

SPIE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=594.7/( ( (527.815 + max(-1661.491, 0)) + (616.811 + max(-1823.408, 0)) )/ 2 )
=594.7/( ( 527.815 + 616.811 )/ 2 )
=594.7/572.313
=103.91 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1203.869 + 58.939 + 546.404) - (2065.84 + 0 + 1404.863)
=-1661.491

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1218.595 + 49.163 + 426.06) - (1523.165 + 0 + 1994.061)
=-1823.408

When net working capital is negative, 0 is used.

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

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=450.699/7438.744
=6.06 %

* 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.


SPIE EBIT Related Terms

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SPIE (XPAR:SPIE) Business Description

Traded in Other Exchanges
Address
10, Avenue de l’Entreprise, Cergy-Pontoise, FRA, 95863
SPIE SA is a European provider of multi-technical services in electrical, mechanical, and HVAC engineering and communication systems as well as specialized energy-related services. The group structures its activities around four operating segments: France, North-Western Europe, Germany and Central Europe, Oil and Gas and Nuclear. The group also offers services and support to information and communication systems infrastructure, telecom services, and security and safety of buildings. The majority of its revenue is derived from the France segment.

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