HMC Capital (ASX:HMC) EBIT: A$14.6 Mil (TTM As of Dec. 2025)


ASX:HMC HMC Capital Ltd ASX:HMC
65 GF Score
Price A$2.95
GF Value A$14.14
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is HMC Capital EBIT?

HMC Capital ASX:HMC 65 EBIT is A$14.6 Mil as of Dec. 2025. GuruFocus rates ASX:HMC with a GF Score™ of 65/100 and a GF Value™ of A$14.14 (Possible Value Trap). The stock has 7 warning signs investors should review.

HMC Capital's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was A$17.7 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was A$14.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. HMC Capital's annualized ROC % for the quarter that ended in Dec. 2025 was 1.39%. HMC Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. HMC Capital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.11%.

HMC Capital  (ASX:HMC) EBIT Explanation

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

HMC Capital's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=30.6 * ( 1 - 0% )/( (1579.4 + 2838.9)/ 2 )
=30.6/2209.15
=1.39 %

where

Invested Capital(Q: Jun. 2025 )
=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))
=2180.6 - 67.3 - ( 665.3 - max(0, 220.5 - 754.4+665.3))
=1579.4

Invested Capital(Q: Dec. 2025 )
=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))
=3449 - 35.3 - ( 574.8 - max(0, 1186 - 1952.2+574.8))
=2838.9

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

HMC Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=35.4/( ( (17.3 + max(-24.4, 0)) + (45 + max(326.1, 0)) )/ 2 )
=35.4/( ( 17.3 + 371.1 )/ 2 )
=35.4/194.2
=18.23 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.8 + 0 + 45.8) - (67.3 + 18.3 + 3.4)
=-24.4

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(53 + 0 + 1324.4) - (35.3 + 0 + 1016)
=326.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=14.6/1318.216
=1.11 %

* 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.

HMC Capital EBIT Related Terms

HMC Capital EBIT Historical Data

* Premium members only.

The historical data trend for HMC Capital'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.

HMC Capital EBIT Chart

HMC Capital Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial 4.49 127.09 94.36 145.60 300.10

HMC Capital Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 48.33 97.27 303.20 -3.10 17.70

ASX:HMC vs VICI, WPC, BNL: EBIT Comparison

For the REIT - Diversified subindustry, HMC Capital'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.

HMC Capital EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, HMC Capital's EV-to-EBIT distribution charts can be found below:

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


ASX:HMC
65GF Score
HMC Capital Ltd ASX:HMC
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HMC Capital 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$14.6 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of A$14.6 Mil mean?
HMC Capital (ASX:HMC) has a EBIT of A$14.6 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on HMC Capital.
Is HMC Capital's EBIT too high?
HMC Capital's current EBIT is A$14.6 Mil. Overall, HMC Capital has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HMC Capital's EBIT compare to VICI and WPC?
HMC Capital's EBIT of A$14.6 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on HMC Capital. HMC Capital's current EBIT is A$14.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HMC Capital stock overvalued right now?
Based on GuruFocus' analysis, HMC Capital (ASX:HMC) is currently considered Possible Value Trap. The stock's GF Value™ is A$14.14, compared to a current price of A$2.95 — trading 79.1% below its estimated fair value. The current EBIT is A$14.6 Mil. HMC Capital's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For HMC Capital (ASX:HMC), the current EBIT is A$14.6 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is HMC Capital (ASX:HMC) Overvalued in 2026?

Based on GuruFocus' analysis, HMC Capital stock appears to be undervalued. The current stock price of A$2.95 is trading 79.1% below its estimated GF Value™ of A$14.14. GuruFocus considers HMC Capital to be Possible Value Trap.

Key valuation signals for ASX:HMC:

  • EBIT: A$14.6 Mil
  • GF Value™: A$14.14 vs. price of A$2.95 (79.1% below fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the ASX:HMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HMC Capital Business Description

Industry Real EstateREITs
Other Exchanges 8320:Germany
Address 1 Macquarie Place, Level 7, Sydney, NSW, AUS, 2000
HMC Capital Ltd is a property group focused on ownership, development, and management. The company's operating segment includes Real Estate which comprises of HMC Capital managed HomeCo Daily Needs REIT, HealthCo Healthcare and Wellness REIT, HMC Wholesale Healthcare Fund and the Last Mile Logistics Fund; Private Equity which includes the HMC Capital Partners Fund I, a high conviction strategic stakes fund; and Corporate properties which includes unallocated costs and Capital Solutions activities which includes short term investments undertaken relating to non-HMC managed funds. It generates maximum revenue from the Real Estate segment. The company portfolio comprises mainly retail and services centers.
65GF Score

Get the complete analysis for ASX:HMC

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.95
Price
A$14.14
GF Value