Hang Lung Properties (FRA:AOP) EBIT: €528 Mil (TTM As of Dec. 2025)


FRA:AOP Hang Lung Properties Ltd FRA:AOP
80 GF Score
Price €0.77
GF Value €0.88
! 7 Warning Signs
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What is Hang Lung Properties EBIT?

Hang Lung Properties FRA:AOP +0.16% 80 EBIT is €528 Mil as of Dec. 2025. GuruFocus rates FRA:AOP with a GF Score™ of 80/100 and a GF Value™ of €0.88. The stock has 7 warning signs investors should review.

Hang Lung Properties's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €225 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €528 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hang Lung Properties's annualized ROC % for the quarter that ended in Dec. 2025 was 1.84%. Hang Lung Properties's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 47.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hang Lung Properties's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.96%.


Hang Lung Properties  (FRA:AOP) EBIT Explanation

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

Hang Lung Properties'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 )
=642.958 * ( 1 - 34.52% )/( (22676.923 + 22989.665)/ 2 )
=421.0088984/22833.294
=1.84 %

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))
=24453.651 - 1013.963 - ( 762.765 - max(0, 1724.588 - 2636.702+762.765))
=22676.923

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))
=24466.231 - 781.253 - ( 695.313 - max(0, 1692.897 - 2557.237+695.313))
=22989.665

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:

Hang Lung Properties'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 )
=449.346/( ( (326.094 + max(531.228, 0)) + (335.309 + max(711.119, 0)) )/ 2 )
=449.346/( ( 857.322 + 1046.428 )/ 2 )
=449.346/951.875
=47.21 %

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)
=(15.023 + 1530.169 + -0.00099999999974898) - (1013.963 + 0 + 0)
=531.228

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(295.467 + 1566.457 + 0) - (781.253 + 0 + 369.552)
=711.119

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:

Hang Lung Properties's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=528.122/10646.180
=4.96 %

* 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.


Hang Lung Properties EBIT Related Terms


Hang Lung Properties EBIT Historical Data

* Premium members only.

The historical data trend for Hang Lung Properties'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.

Hang Lung Properties EBIT Chart

Hang Lung Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 829.96 762.56 795.73 599.29 526.18

Hang Lung Properties 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 350.72 294.76 294.85 303.45 224.67

FRA:AOP vs CBRE, BEKE: EBIT Comparison

For the Real Estate Services subindustry, Hang Lung Properties'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.


Hang Lung Properties EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hang Lung Properties's EV-to-EBIT distribution charts can be found below:

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


FRA:AOP
80GF Score
Hang Lung Properties Ltd FRA:AOP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hang Lung Properties 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 €528 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 €528 Mil mean?
Hang Lung Properties (FRA:AOP) has a EBIT of €528 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hang Lung Properties.
Is Hang Lung Properties' EBIT too high?
Hang Lung Properties' current EBIT is €528 Mil. Overall, Hang Lung Properties has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Properties' EBIT compare to CBRE and BEKE?
Hang Lung Properties' EBIT of €528 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good EBIT depends on the Real Estate 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 Hang Lung Properties. Hang Lung Properties's current EBIT is €528 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hang Lung Properties stock overvalued right now?
Hang Lung Properties (FRA:AOP) has a current EBIT of €528 Mil. The stock's GF Value™ is €0.88, compared to a current price of €0.77 — trading 12.6% below its estimated fair value. The current EBIT is €528 Mil. Hang Lung Properties' overall GF Score™ is 80/100 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 Hang Lung Properties (FRA:AOP), the current EBIT is €528 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 Hang Lung Properties (FRA:AOP) Overvalued in 2026?

Based on GuruFocus' analysis, Hang Lung Properties stock appears to be undervalued. The current stock price of €0.77 is trading 12.6% below its estimated GF Value™ of €0.88.

Key valuation signals for FRA:AOP:

  • EBIT: €528 Mil
  • GF Value™: €0.88 vs. price of €0.77 (12.6% below fair value)
  • GF Score™: 80/100 with 7 warning signs

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


Hang Lung Properties Business Description

Address 4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG
Hung Lung Properties, or HLP, is the property arm of Hang Lung Group Limited and primarily operates premium commercial properties in mainland China and Hong Kong. The company also develops and sells residential properties in both regions. Most of its revenue is generated from mainland China, with focus on retail malls in Tier 1 and 2 cities including Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang and Tianjin. The company is 59% owned by Hang Lung Group.
80GF Score

Get the complete analysis for FRA:AOP

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

€0.77
Price
€0.88
GF Value