Metcash (HAM:MG9) EBIT: €266 Mil (TTM As of Apr. 2026)


HAM:MG9 Metcash Ltd HAM:MG9
76 GF Score
Price €1.79
GF Value €2.11
! 2 Warning Signs
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What is Metcash EBIT?

Metcash HAM:MG9 -2.19% 76 EBIT is €266 Mil as of Apr. 2026. GuruFocus rates HAM:MG9 with a GF Score™ of 76/100 and a GF Value™ of €2.11. The stock has 2 warning signs investors should review.

Metcash's earnings before interest and taxes (EBIT) for the six months ended in Apr. 2026 was €138 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was €266 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metcash's annualized ROC % for the quarter that ended in Apr. 2026 was 10.69%. Metcash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 32.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Metcash's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 8.52%.


Metcash  (HAM:MG9) EBIT Explanation

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

Metcash's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2025 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=334.36 * ( 1 - 28.33% )/( (2124.098 + 2357.315)/ 2 )
=239.635812/2240.7065
=10.69 %

where

Invested Capital(Q: Oct. 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))
=4041.125 - 1865.667 - ( 51.36 - max(0, 2098.784 - 2283.41+51.36))
=2124.098

Invested Capital(Q: Apr. 2026 )
=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))
=4242.559 - 1844.071 - ( 41.173 - max(0, 2137.803 - 2283.699+41.173))
=2357.315

Note: The Operating Income data used here is two times the semi-annual (Apr. 2026) data.

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

Metcash's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2025  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=276.39/( ( (666.78 + max(268.613, 0)) + (747.61 + max(-37.232, 0)) )/ 2 )
=276.39/( ( 935.393 + 747.61 )/ 2 )
=276.39/841.5015
=32.84 %

where Working Capital is:

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1224.708 + 980.734 + 26.608) - (1865.667 + 0.281 + 97.489)
=268.613

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1006.171 + 918.549 + 4.73) - (1844.071 + 10.49 + 112.121)
=-37.232

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Apr. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=266.286/3126.459
=8.52 %

* 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.


Metcash EBIT Related Terms


Metcash EBIT Historical Data

* Premium members only.

The historical data trend for Metcash'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.

Metcash EBIT Chart

Metcash Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 256.53 249.63 260.92 258.27 276.27

Metcash Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 124.31 137.67 132.94 128.09 138.20

HAM:MG9 vs SYY, USFD, PFGC: EBIT Comparison

For the Food Distribution subindustry, Metcash'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.


Metcash EV-to-EBIT vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Metcash's EV-to-EBIT distribution charts can be found below:

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


HAM:MG9
76GF Score
Metcash Ltd HAM:MG9
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Metcash 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 Apr. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €266 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 €266 Mil mean?
Metcash (HAM:MG9) has a EBIT of €266 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Metcash.
Is Metcash's EBIT too high?
Metcash's current EBIT is €266 Mil. Overall, Metcash has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Metcash's EBIT compare to SYY and USFD?
Metcash's EBIT of €266 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good EBIT depends on the Retail - Defensive 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 Metcash. Metcash's current EBIT is €266 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metcash stock overvalued right now?
Metcash (HAM:MG9) has a current EBIT of €266 Mil. The stock's GF Value™ is €2.11, compared to a current price of €1.79 — trading 15.2% below its estimated fair value. The current EBIT is €266 Mil. Metcash's overall GF Score™ is 76/100 with 2 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 Metcash (HAM:MG9), the current EBIT is €266 Mil as of Apr. 2026. 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 Metcash (HAM:MG9) Overvalued in 2026?

Based on GuruFocus' analysis, Metcash stock appears to be undervalued. The current stock price of €1.79 is trading 15.2% below its estimated GF Value™ of €2.11.

Key valuation signals for HAM:MG9:

  • EBIT: €266 Mil
  • GF Value™: €2.11 vs. price of €1.79 (15.2% below fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the HAM:MG9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metcash Business Description

Address 1 Thomas Holt Drive, Macquarie Park, Sydney, NSW, AUS, 2113
Metcash is a wholesaler, and to a lesser extent a retailer, specializing in food, liquor, and hardware. Centralized wholesale distribution enables independent retailers to gain access to the combined scale of many retailers to negotiate material volume discounts.The food segment distributes a range of products and services to independent supermarket and convenience stores. The hardware segment distributes hardware products to independent retail outlets and operates company-owned stores. The liquor segment distributes liquor products to independent retailers and venues like pubs.
76GF Score

Get the complete analysis for HAM:MG9

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

€1.79
Price
€2.11
GF Value