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BOW (Bowhead Specialty Holdings) EBIT : $7.6 Mil (TTM As of Jun. 2024)


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What is Bowhead Specialty Holdings EBIT?

Bowhead Specialty Holdings's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2024 was $7.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $7.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bowhead Specialty Holdings's annualized ROC % for the quarter that ended in Jun. 2024 was 2.11%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bowhead Specialty Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 0.96%.


Bowhead Specialty Holdings EBIT Historical Data

The historical data trend for Bowhead Specialty Holdings'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.

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Bowhead Specialty Holdings EBIT Chart

Bowhead Specialty Holdings Annual Data
Trend Dec22 Dec23
EBIT
- -

Bowhead Specialty Holdings Quarterly Data
Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
EBIT Get a 7-Day Free Trial - 8.46 - - 7.63

Competitive Comparison of Bowhead Specialty Holdings's EBIT

For the Insurance - Property & Casualty subindustry, Bowhead Specialty Holdings'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.


Bowhead Specialty Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Bowhead Specialty Holdings's EV-to-EBIT distribution charts can be found below:

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



Bowhead Specialty Holdings 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.6 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.


Bowhead Specialty Holdings  (NYSE:BOW) EBIT Explanation

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

Bowhead Specialty Holdings's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=30.536 * ( 1 - 25.33% )/( (1002.9849 + 1162.711)/ 2 )
=22.8012312/1082.84795
=2.11 %

where

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1114.545 - 42.607 - ( 73.485 - 5% * 90.638 )
=1002.9849

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=1395.173 - 57.083 - ( 180.324 - 5% * 98.9 )
=1162.711

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

Bowhead Specialty Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=7.634/798.461
=0.96 %

* 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.


Bowhead Specialty Holdings EBIT Related Terms

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Bowhead Specialty Holdings Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
1411 Broadway, Suite 3800, New York, NY, USA, 10018
Bowhead Specialty Holdings Inc is engaged in providing specialty P&C products. It is a specialty insurance group that generates revenues by underwriting and offering a variety of specialty insurance products to domestic markets through three distinct underwriting divisions: Casualty, Professional Liability and Healthcare. Casualty specialize in GL coverage for risks in the construction, distribution, heavy manufacturing, real estate and hospitality segments and also consider underwriting risks in a broader range of industries. Key revenue is generated from Casualty segment.