Sandfire Resources (ASX:SFR) EBIT: A$426 Mil (TTM As of Dec. 2025)


ASX:SFR Sandfire Resources Ltd ASX:SFR
86 GF Score
Price A$19.67
GF Value A$14.50
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Sandfire Resources EBIT?

Sandfire Resources ASX:SFR -1.30% 86 EBIT is A$426 Mil as of Dec. 2025. GuruFocus rates ASX:SFR with a GF Score™ of 86/100 and a GF Value™ of A$14.50 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Sandfire Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was A$231 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was A$426 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sandfire Resources's annualized ROC % for the quarter that ended in Dec. 2025 was 8.14%. Sandfire Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 11.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sandfire Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.58%.

Sandfire Resources  (ASX:SFR) EBIT Explanation

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

Sandfire Resources'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 )
=473.862 * ( 1 - 31.95% )/( (4016.389 + 3904.911)/ 2 )
=322.463091/3960.65
=8.14 %

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))
=4405.944 - 273.609 - ( 169.986 - max(0, 336.667 - 452.613+169.986))
=4016.389

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))
=4356.036 - 257.504 - ( 206.512 - max(0, 314.84 - 508.461+206.512))
=3904.911

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:

Sandfire Resources'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 )
=462.668/( ( (3938.37 + max(-97.79, 0)) + (3830.562 + max(9.636, 0)) )/ 2 )
=462.668/( ( 3938.37 + 3840.198 )/ 2 )
=462.668/3889.284
=11.90 %

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)
=(65.054 + 138.833 + 11.709) - (273.609 + 4.338 + 35.439)
=-97.79

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(161.851 + 125.689 + 14.409) - (257.504 + 11.19 + 23.619)
=9.636

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=426.165/9307.056
=4.58 %

* 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.

Sandfire Resources EBIT Related Terms

Sandfire Resources EBIT Historical Data

* Premium members only.

The historical data trend for Sandfire Resources'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.

Sandfire Resources EBIT Chart

Sandfire Resources Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 266.32 299.87 -4.99 82.47 345.10

Sandfire Resources Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.99 108.66 154.48 194.83 231.33

ASX:SFR vs SCCO, FCX: EBIT Comparison

For the Copper subindustry, Sandfire Resources'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.

Sandfire Resources EV-to-EBIT vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sandfire Resources's EV-to-EBIT distribution charts can be found below:

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


ASX:SFR
86GF Score
Sandfire Resources Ltd ASX:SFR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sandfire Resources 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$426 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$426 Mil mean?
Sandfire Resources (ASX:SFR) has a EBIT of A$426 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Sandfire Resources.
Is Sandfire Resources' EBIT too high?
Sandfire Resources' current EBIT is A$426 Mil. Overall, Sandfire Resources has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sandfire Resources' EBIT compare to SCCO and FCX?
Sandfire Resources' EBIT of A$426 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good EBIT depends on the Metals & Mining 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 Sandfire Resources. Sandfire Resources's current EBIT is A$426 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandfire Resources stock overvalued right now?
Based on GuruFocus' analysis, Sandfire Resources (ASX:SFR) is currently considered Significantly Overvalued. The stock's GF Value™ is A$14.50, compared to a current price of A$19.67 — trading 35.7% above its estimated fair value. The current EBIT is A$426 Mil. Sandfire Resources' overall GF Score™ is 86/100 with 6 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 Sandfire Resources (ASX:SFR), the current EBIT is A$426 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 Sandfire Resources (ASX:SFR) Overvalued in 2026?

Based on GuruFocus' analysis, Sandfire Resources stock appears to be overvalued. The current stock price of A$19.67 is trading 35.7% above its estimated GF Value™ of A$14.50. GuruFocus considers Sandfire Resources to be Significantly Overvalued.

Key valuation signals for ASX:SFR:

  • EBIT: A$426 Mil
  • GF Value™: A$14.50 vs. price of A$19.67 (35.7% above fair value)
  • GF Score™: 86/100 with 6 warning signs

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

Sandfire Resources Business Description

Other Exchanges SFRRF:USAS2Z:Germany
Address 10 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005
Sandfire Resources Ltd is a copper-focused mineral exploration and development company. The company's operating segments include DeGrussa Copper operations, MATSA Copper Operations, Black Butte Copper Project, Motheo Copper Operations, and Exploration and Other. It derives key revenue from the MATSA Copper Operations segment, which consists of the Minas de Aguas Tenidas (MATSA) polymetallic mining complex in Spain and exploration and evaluation activities in Spain and Portugal. The operations comprise three underground mines and a central processing facility. The mines generate revenue from the sale of copper, zinc, and lead concentrates containing a silver by-product. Geographically, the company generates maximum revenue from Spain, followed by China, Sweden, Malaysia, and other regions.
86GF Score

Get the complete analysis for ASX:SFR

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

A$19.67
Price
A$14.50
GF Value