Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
FIBI Holdings Ltd
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 0.35x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.55x, which is below 1.
Fixed-asset turnover is 11.87x. Compare it with other names in the same basket.
Physical asset ratio
0.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.17BpropertyPlantAndEquipmentNetInventoryILA 0.00Not reported, treated as 0Total assetsILA 277.86BtotalAssetsInventory was not reported and is treated as zero.Result 0.4%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
11.87xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 13.87BtotalRevenueNet PP&EILA 1.17BpropertyPlantAndEquipmentNetResult 11.87x
Revenue per dollar of the physical asset base.
Capex / D&A
0.35xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 73.00McapitalExpendituresD&AILA 210.00MdepreciationAndAmortizationResult 0.35x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
ILA 417.51Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 277.86BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 404.00MintangibleAssetsLiabilitiesILA 262.65BtotalLiabTangible bookILA 14.80BShares35,453,000commonStockSharesOutstandingResult ILA 417.51
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
68.60xPrice / tangible bookPrice / tangible book per sharePriceILA 28.64KLatest quoteTangible book / shareILA 417.512025-12-31Result 68.60x
Price ILA 28.64K.
Fixed-charge coverage
0.55xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDAILA 3.92BebitdaCapexILA 73.00McapitalExpendituresInterestILA 6.95BinterestExpenseEBITDA − capexILA 3.85BShort-term debt was not reported, so the denominator is interest only.Result 0.55x
EBITDA minus capex, divided by interest only.
FCF yield
29.2%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flowILA 2.96BfreeCashFlowMarket capILA 10.15BMarketCapitalizationResult 29.2%
Latest free cash flow divided by current market cap (ILA 10.15B).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 3.71BoperatingIncomeTax expenseILA 1.39BincomeTaxExpensePretax incomeILA 3.71BincomeBeforeTaxTax rate37.4%EquityILA 7.07BtotalStockholderEquityDebtILA 13.11BshortLongTermDebtTotalCashILA 84.18BcashAndShortTermInvestmentsInvested capital—Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 3.17x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 0.8%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.02BpropertyPlantEquipmentInventoryILA 0.00Not reported, treated as 0Total assetsILA 134.13BtotalAssetsInventory was not reported and is treated as zero.Result 0.8% | 4.47xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenueILA 4.57BtotalRevenueNet PP&EILA 1.02BpropertyPlantEquipmentResult 4.47x | 0.86xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapexILA 142.00McapitalExpendituresD&AILA 166.00MdepreciationAndAmortizationResult 0.86x | ILA 230.70Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 134.13BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 239.00MintangibleAssetsLiabilitiesILA 125.71BtotalLiabTangible bookILA 8.18BShares35,452,640commonStockSharesOutstandingResult ILA 230.70 | 2.25xFixed-charge coverage · 2018-12-31(EBITDA − capex) / (interest + short-term debt)EBITDAILA 1.30BebitdaCapexILA 142.00McapitalExpendituresInterestILA 515.00MinterestExpenseShort-term debtILA 0.00shortLongTermDebtTotal − longTermDebtEBITDA − capexILA 1.16BShort-term debt is total debt minus long-term debt.Result 2.25x | ILA 2.71BFree cash flow · 2018-12-31Reported free cash flowOperating cash flowILA 2.86BtotalCashFromOperatingActivitiesCapexILA 142.00McapitalExpendituresFree cash flowILA 2.71BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 2.71B | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 1.14BoperatingIncomeTax expenseILA 408.00MincomeTaxExpensePretax incomeILA 1.14BincomeBeforeTaxTax rate35.9%EquityILA 3.92BtotalStockholderEquityDebtILA 4.99BshortLongTermDebtTotalCashILA 31.31BcashInvested capital—Result — | 1.11xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating incomeILA 1.14BoperatingIncomeNet PP&EILA 1.02BpropertyPlantEquipmentResult 1.11x |
| 2019 | 0.7%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 996.00MpropertyPlantEquipmentInventoryILA 0.00Not reported, treated as 0Total assetsILA 141.12BtotalAssetsInventory was not reported and is treated as zero.Result 0.7% | 4.62xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenueILA 4.60BtotalRevenueNet PP&EILA 996.00MpropertyPlantEquipmentResult 4.62x | 0.93xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapexILA 150.00McapitalExpendituresD&AILA 161.00MdepreciationAndAmortizationResult 0.93x | ILA 244.86Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 141.12BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 248.00MintangibleAssetsLiabilitiesILA 132.19BtotalLiabTangible bookILA 8.68BShares35,452,640commonStockSharesOutstandingResult ILA 244.86 | 2.77xFixed-charge coverage · 2019-12-31(EBITDA − capex) / interestEBITDAILA 1.49BebitdaCapexILA 150.00McapitalExpendituresInterestILA 483.00MinterestExpenseEBITDA − capexILA 1.34BShort-term debt was not reported, so the denominator is interest only.Result 2.77x | ILA 620.00MFree cash flow · 2019-12-31Reported free cash flowOperating cash flowILA 770.00MtotalCashFromOperatingActivitiesCapexILA 150.00McapitalExpendituresFree cash flowILA 620.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 620.00M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 1.33BoperatingIncomeTax expenseILA 478.00MincomeTaxExpensePretax incomeILA 1.33BincomeBeforeTaxTax rate36.0%EquityILA 4.15BtotalStockholderEquityDebtILA 3.67BshortLongTermDebtTotalCashILA 37.54BcashInvested capital—Result — | 1.33xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating incomeILA 1.33BoperatingIncomeNet PP&EILA 996.00MpropertyPlantEquipmentResult 1.33x |
| 2020 | 0.8%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.35BpropertyPlantEquipmentInventoryILA 0.00Not reported, treated as 0Total assetsILA 167.79BtotalAssetsInventory was not reported and is treated as zero.Result 0.8% | 3.26xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenueILA 4.40BtotalRevenueNet PP&EILA 1.35BpropertyPlantEquipmentResult 3.26x | 0.96xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapexILA 160.00McapitalExpendituresD&AILA 167.00MdepreciationAndAmortizationResult 0.96x | ILA 261.48Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 167.79BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 272.00MintangibleAssetsLiabilitiesILA 158.24BtotalLiabTangible bookILA 9.27BShares35,452,640commonStockSharesOutstandingResult ILA 261.48 | 4.69xFixed-charge coverage · 2020-12-31(EBITDA − capex) / interestEBITDAILA 1.29BebitdaCapexILA 160.00McapitalExpendituresInterestILA 241.00MinterestExpenseEBITDA − capexILA 1.13BShort-term debt was not reported, so the denominator is interest only.Result 4.69x | ILA 456.00MFree cash flow · 2020-12-31Reported free cash flowOperating cash flowILA 616.00MtotalCashFromOperatingActivitiesCapexILA 160.00McapitalExpendituresFree cash flowILA 456.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 456.00M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 1.12BoperatingIncomeTax expenseILA 368.00MincomeTaxExpensePretax incomeILA 1.12BincomeBeforeTaxTax rate32.8%EquityILA 4.43BtotalStockholderEquityDebtILA 4.78BshortLongTermDebtTotalCashILA 57.81BcashInvested capital—Result — | 0.83xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating incomeILA 1.12BoperatingIncomeNet PP&EILA 1.35BpropertyPlantEquipmentResult 0.83x |
| 2021 | 0.7%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.30BpropertyPlantEquipmentInventoryILA 0.00Not reported, treated as 0Total assetsILA 180.49BtotalAssetsInventory was not reported and is treated as zero.Result 0.7% | 3.78xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenueILA 4.90BtotalRevenueNet PP&EILA 1.30BpropertyPlantEquipmentResult 3.78x | 1.01xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapexILA 172.00McapitalExpendituresD&AILA 171.00MdepreciationAndAmortizationResult 1.01x | ILA 286.16Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 180.49BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 300.00MintangibleAssetsLiabilitiesILA 170.05BtotalLiabTangible bookILA 10.15BShares35,452,640commonStockSharesOutstandingResult ILA 286.16 | 5.92xFixed-charge coverage · 2021-12-31(EBITDA − capex) / interestEBITDAILA 2.28BebitdaCapexILA 172.00McapitalExpendituresInterestILA 356.00MinterestExpenseEBITDA − capexILA 2.11BShort-term debt was not reported, so the denominator is interest only.Result 5.92x | -ILA 1.26BFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-ILA 1.09BtotalCashFromOperatingActivitiesCapexILA 172.00McapitalExpendituresFree cash flow-ILA 1.26BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -ILA 1.26B | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 2.11BoperatingIncomeTax expenseILA 728.00MincomeTaxExpensePretax incomeILA 2.11BincomeBeforeTaxTax rate34.5%EquityILA 4.84BtotalStockholderEquityDebtILA 3.72BshortLongTermDebtTotalCashILA 57.39BcashInvested capital—Result — | 1.63xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating incomeILA 2.11BoperatingIncomeNet PP&EILA 1.30BpropertyPlantEquipmentResult 1.63x |
| 2022 | 0.7%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.28BpropertyPlantAndEquipmentNetInventoryILA 0.00Not reported, treated as 0Total assetsILA 195.97BtotalAssetsInventory was not reported and is treated as zero.Result 0.7% | 5.30xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenueILA 6.76BtotalRevenueNet PP&EILA 1.28BpropertyPlantAndEquipmentNetResult 5.30x | 0.96xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapexILA 171.00McapitalExpendituresD&AILA 178.00MdepreciationAndAmortizationResult 0.96x | ILA 302.52Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 195.97BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 317.00MintangibleAssetsLiabilitiesILA 184.92BtotalLiabTangible bookILA 10.73BShares35,452,640commonStockSharesOutstandingResult ILA 302.52 | 1.87xFixed-charge coverage · 2022-12-31(EBITDA − capex) / interestEBITDAILA 2.71BebitdaCapexILA 171.00McapitalExpendituresInterestILA 1.36BinterestExpenseEBITDA − capexILA 2.54BShort-term debt was not reported, so the denominator is interest only.Result 1.87x | ILA 3.24BFree cash flow · 2022-12-31Reported free cash flowOperating cash flowILA 3.41BtotalCashFromOperatingActivitiesCapexILA 171.00McapitalExpendituresFree cash flowILA 3.24BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 3.24B | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 2.53BoperatingIncomeTax expenseILA 884.00MincomeTaxExpensePretax incomeILA 2.53BincomeBeforeTaxTax rate34.9%EquityILA 5.11BtotalStockholderEquityDebtILA 5.13BshortLongTermDebtTotalCashILA 57.14BcashInvested capital—Result — | 1.98xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating incomeILA 2.53BoperatingIncomeNet PP&EILA 1.28BpropertyPlantAndEquipmentNetResult 1.98x |
| 2023 | 0.6%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.24BpropertyPlantAndEquipmentNetInventoryILA 0.00Not reported, treated as 0Total assetsILA 221.60BtotalAssetsInventory was not reported and is treated as zero.Result 0.6% | 9.26xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenueILA 11.50BtotalRevenueNet PP&EILA 1.24BpropertyPlantAndEquipmentNetResult 9.26x | 0.99xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapexILA 185.00McapitalExpendituresD&AILA 186.00MdepreciationAndAmortizationResult 0.99x | ILA 347.68Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 221.60BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 328.00MintangibleAssetsLiabilitiesILA 208.95BtotalLiabTangible bookILA 12.33BShares35,452,640commonStockSharesOutstandingResult ILA 347.68 | 0.66xFixed-charge coverage · 2023-12-31(EBITDA − capex) / interestEBITDAILA 3.42BebitdaCapexILA 185.00McapitalExpendituresInterestILA 4.88BinterestExpenseEBITDA − capexILA 3.24BShort-term debt was not reported, so the denominator is interest only.Result 0.66x | ILA 1.14BFree cash flow · 2023-12-31Reported free cash flowOperating cash flowILA 1.33BtotalCashFromOperatingActivitiesCapexILA 185.00McapitalExpendituresFree cash flowILA 1.14BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 1.14B | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 3.24BoperatingIncomeTax expenseILA 1.09BincomeTaxExpensePretax incomeILA 3.24BincomeBeforeTaxTax rate33.7%EquityILA 5.84BtotalStockholderEquityDebtILA 5.13BshortLongTermDebtTotalCashILA 68.87BcashInvested capital—Result — | 2.61xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating incomeILA 3.24BoperatingIncomeNet PP&EILA 1.24BpropertyPlantAndEquipmentNetResult 2.61x |
| 2024 | 0.5%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.17BpropertyPlantAndEquipmentNetInventoryILA 0.00Not reported, treated as 0Total assetsILA 248.57BtotalAssetsInventory was not reported and is treated as zero.Result 0.5% | 11.16xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenueILA 13.09BtotalRevenueNet PP&EILA 1.17BpropertyPlantAndEquipmentNetResult 11.16x | 1.17xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapexILA 234.00McapitalExpendituresD&AILA 200.00MdepreciationAndAmortizationResult 1.17x | ILA 387.25Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 248.57BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 363.00MintangibleAssetsLiabilitiesILA 234.48BtotalLiabTangible bookILA 13.73BShares35,453,000commonStockSharesOutstandingResult ILA 387.25 | 0.59xFixed-charge coverage · 2024-12-31(EBITDA − capex) / interestEBITDAILA 3.98BebitdaCapexILA 234.00McapitalExpendituresInterestILA 6.36BinterestExpenseEBITDA − capexILA 3.75BShort-term debt was not reported, so the denominator is interest only.Result 0.59x | ILA 1.23BFree cash flow · 2024-12-31Reported free cash flowOperating cash flowILA 1.47BtotalCashFromOperatingActivitiesCapexILA 234.00McapitalExpendituresFree cash flowILA 1.23BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 1.23B | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 3.78BoperatingIncomeTax expenseILA 1.38BincomeTaxExpensePretax incomeILA 3.78BincomeBeforeTaxTax rate36.6%EquityILA 6.50BtotalStockholderEquityDebtILA 4.82BshortLongTermDebtTotalCashILA 77.18BcashInvested capital—Result — | 3.23xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating incomeILA 3.78BoperatingIncomeNet PP&EILA 1.17BpropertyPlantAndEquipmentNetResult 3.23x |
| 2025 | 0.4%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&EILA 1.17BpropertyPlantAndEquipmentNetInventoryILA 0.00Not reported, treated as 0Total assetsILA 277.86BtotalAssetsInventory was not reported and is treated as zero.Result 0.4% | 11.87xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenueILA 13.87BtotalRevenueNet PP&EILA 1.17BpropertyPlantAndEquipmentNetResult 11.87x | 0.35xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapexILA 73.00McapitalExpendituresD&AILA 210.00MdepreciationAndAmortizationResult 0.35x | ILA 417.51Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsILA 277.86BtotalAssetsGoodwillILA 3.00MgoodWillIntangiblesILA 404.00MintangibleAssetsLiabilitiesILA 262.65BtotalLiabTangible bookILA 14.80BShares35,453,000commonStockSharesOutstandingResult ILA 417.51 | 0.55xFixed-charge coverage · 2025-12-31(EBITDA − capex) / interestEBITDAILA 3.92BebitdaCapexILA 73.00McapitalExpendituresInterestILA 6.95BinterestExpenseEBITDA − capexILA 3.85BShort-term debt was not reported, so the denominator is interest only.Result 0.55x | ILA 2.96BFree cash flow · 2025-12-31Reported free cash flowOperating cash flowILA 3.03BtotalCashFromOperatingActivitiesCapexILA 73.00McapitalExpendituresFree cash flowILA 2.96BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result ILA 2.96B | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeILA 3.71BoperatingIncomeTax expenseILA 1.39BincomeTaxExpensePretax incomeILA 3.71BincomeBeforeTaxTax rate37.4%EquityILA 7.07BtotalStockholderEquityDebtILA 13.11BshortLongTermDebtTotalCashILA 84.18BcashAndShortTermInvestmentsInvested capital—Result — | 3.17xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating incomeILA 3.71BoperatingIncomeNet PP&EILA 1.17BpropertyPlantAndEquipmentNetResult 3.17x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Fixed-charge coverage is EBITDA minus capex, divided by interest. Short-term debt was not reported, so principal due is left out.
Latest year inputs (2025)
Net PP&E: ILA 1.17B
Inventory: ILA 0.00
Total assets: ILA 277.86B
Goodwill: ILA 3.00M
Intangibles: ILA 404.00M
Liabilities: ILA 262.65B
Tangible book: ILA 14.80B
Shares: 35,453,000
Revenue: ILA 13.87B
Capex: ILA 73.00M
D&A: ILA 210.00M
EBITDA: ILA 3.92B
Interest: ILA 6.95B
Short-term debt: —
Free cash flow: ILA 2.96B
Operating income: ILA 3.71B
Invested capital: —
Tax rate: 37.4%