Henderson Land Development Co (FRA:HLD) EBIT: €966 Mil (TTM As of Dec. 2025)


FRA:HLD Henderson Land Development Co Ltd FRA:HLD
73 GF Score
Price €2.79
GF Value €2.60
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Henderson Land Development Co EBIT?

Henderson Land Development Co FRA:HLD +0.95% 73 EBIT is €966 Mil as of Dec. 2025. GuruFocus rates FRA:HLD with a GF Score™ of 73/100 and a GF Value™ of €2.60 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Henderson Land Development Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was €557 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €966 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Henderson Land Development Co's annualized ROC % for the quarter that ended in Dec. 2025 was 0.88%. Henderson Land Development Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 14.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Henderson Land Development Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.30%.


Henderson Land Development Co  (FRA:HLD) EBIT Explanation

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

Henderson Land Development Co'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 )
=530.568 * ( 1 - 9.77% )/( (54869.238 + 54345.365)/ 2 )
=478.7315064/54607.3015
=0.88 %

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))
=58830.754 - 2012.13 - ( 1949.386 - max(0, 4114.953 - 12665.318+1949.386))
=54869.238

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))
=59201.03 - 2318.075 - ( 2537.59 - max(0, 4071.559 - 12621.108+2537.59))
=54345.365

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:

Henderson Land Development Co'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 )
=1114.696/( ( (789.497 + max(7074.104, 0)) + (771.045 + max(6364.39, 0)) )/ 2 )
=1114.696/( ( 7863.601 + 7135.435 )/ 2 )
=1114.696/7499.518
=14.86 %

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)
=(41.204 + 9304.956 + 556.746) - (2012.13 + 0 + 816.672)
=7074.104

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.159 + 8738.99 + 601.251) - (2318.075 + 0 + 698.935)
=6364.39

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:

Henderson Land Development Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=965.739/22436.972
=4.30 %

* 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.


Henderson Land Development Co EBIT Related Terms


Henderson Land Development Co EBIT Historical Data

* Premium members only.

The historical data trend for Henderson Land Development Co'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.

Henderson Land Development Co EBIT Chart

Henderson Land Development Co 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 1,801.21 1,441.21 1,442.93 1,281.13 963.12

Henderson Land Development Co 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 612.80 596.54 665.01 408.39 557.35

Henderson Land Development Co EBIT Competitor Comparison

For the Real Estate - Diversified subindustry, Henderson Land Development Co'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.


Henderson Land Development Co EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Henderson Land Development Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Henderson Land Development Co's EV-to-EBIT falls into.


FRA:HLD
73GF Score
Henderson Land Development Co Ltd FRA:HLD
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Henderson Land Development Co 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 €966 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 €966 Mil mean?
Henderson Land Development Co (FRA:HLD) has a EBIT of €966 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Henderson Land Development Co.
Is Henderson Land Development Co's EBIT too high?
Henderson Land Development Co's current EBIT is €966 Mil. Overall, Henderson Land Development Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Henderson Land Development Co's EBIT compare to competitors?
Henderson Land Development Co's EBIT of €966 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 Henderson Land Development Co. Henderson Land Development Co's current EBIT is €966 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henderson Land Development Co stock overvalued right now?
Based on GuruFocus' analysis, Henderson Land Development Co (FRA:HLD) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.60, compared to a current price of €2.79 — trading 7.3% above its estimated fair value. The current EBIT is €966 Mil. Henderson Land Development Co's overall GF Score™ is 73/100 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 Henderson Land Development Co (FRA:HLD), the current EBIT is €966 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 Henderson Land Development Co (FRA:HLD) Overvalued in 2026?

Based on GuruFocus' analysis, Henderson Land Development Co stock appears to be overvalued. The current stock price of €2.79 is trading 7.3% above its estimated GF Value™ of €2.60. GuruFocus considers Henderson Land Development Co to be Modestly Overvalued.

Key valuation signals for FRA:HLD:

  • EBIT: €966 Mil
  • GF Value™: €2.60 vs. price of €2.79 (7.3% above fair value)
  • GF Score™: 73/100 with 7 warning signs

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


Henderson Land Development Co Business Description

Address 8 Finance Street, 72nd -76th Floor, Two International Finance Centre, Central, Hong Kong, HKG
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Henderson Land directly controls four listed entities, including a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, a 33.4% stake in Hong Kong Ferry, and a 50.1% stake in Miramar Hotel & Investment.
73GF Score

Get the complete analysis for FRA:HLD

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

€2.79
Price
€2.60
GF Value