Lee & Man Chemical Co (HKSE:00746) EBIT: HK$749 Mil (TTM As of Dec. 2025)

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HKSE:00746 Lee & Man Chemical Co Ltd HKSE:00746
75 GF Score
Price HK$4.70
GF Value HK$3.92
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Lee & Man Chemical Co EBIT?

Lee & Man Chemical Co HKSE:00746 -2.69% 75 EBIT is HK$749 Mil as of Dec. 2025. GuruFocus rates HKSE:00746 with a GF Score™ of 75/100 and a GF Value™ of HK$3.92 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Lee & Man Chemical Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$319 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$749 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lee & Man Chemical Co's annualized ROC % for the quarter that ended in Dec. 2025 was 6.76%. Lee & Man Chemical Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 10.40%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lee & Man Chemical Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.13%.


Lee & Man Chemical Co  (HKSE:00746) EBIT Explanation

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

Lee & Man Chemical 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 )
=616.06 * ( 1 - 25.61% )/( (6519.786 + 7046.183)/ 2 )
=458.287034/6782.9845
=6.76 %

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))
=7315.362 - 512.824 - ( 282.752 - max(0, 974.661 - 1403.568+282.752))
=6519.786

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))
=7721.025 - 512.01 - ( 162.832 - max(0, 1014.887 - 1261.314+162.832))
=7046.183

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:

Lee & Man Chemical 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 )
=638.362/( ( (5459.794 + max(420.934, 0)) + (6016.26 + max(379.376, 0)) )/ 2 )
=638.362/( ( 5880.728 + 6395.636 )/ 2 )
=638.362/6138.182
=10.40 %

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)
=(205.685 + 658.556 + 110.372) - (512.824 + 0 + 40.855)
=420.934

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(264.861 + 590.818 + 81.427) - (512.01 + 0 + 45.72)
=379.376

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:

Lee & Man Chemical Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=748.568/4947.805
=15.13 %

* 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.


Lee & Man Chemical Co EBIT Related Terms


Lee & Man Chemical Co EBIT Historical Data

* Premium members only.

The historical data trend for Lee & Man Chemical 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.

Lee & Man Chemical Co EBIT Chart

Lee & Man Chemical 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 1,658.70 1,436.78 533.18 618.10 723.61

Lee & Man Chemical Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 310.93 307.17 404.43 319.18 429.39

HKSE:00746 vs DOW: EBIT Comparison

For the Chemicals subindustry, Lee & Man Chemical 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.


Lee & Man Chemical Co EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lee & Man Chemical Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lee & Man Chemical Co's EV-to-EBIT falls into.


HKSE:00746
75GF Score
Lee & Man Chemical Co Ltd HKSE:00746
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lee & Man Chemical 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 HK$749 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 HK$749 Mil mean?
Lee & Man Chemical Co (HKSE:00746) has a EBIT of HK$749 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Lee & Man Chemical Co.
Is Lee & Man Chemical Co's EBIT too high?
Lee & Man Chemical Co's current EBIT is HK$749 Mil. Overall, Lee & Man Chemical Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lee & Man Chemical Co's EBIT compare to DOW?
Lee & Man Chemical Co's EBIT of HK$749 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good EBIT depends on the Chemicals 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 Lee & Man Chemical Co. Lee & Man Chemical Co's current EBIT is HK$749 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lee & Man Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Lee & Man Chemical Co (HKSE:00746) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$3.92, compared to a current price of HK$4.70 — trading 19.9% above its estimated fair value. The current EBIT is HK$749 Mil. Lee & Man Chemical Co's overall GF Score™ is 75/100 with 3 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 Lee & Man Chemical Co (HKSE:00746), the current EBIT is HK$749 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 Lee & Man Chemical Co (HKSE:00746) Overvalued in 2026?

Based on GuruFocus' analysis, Lee & Man Chemical Co stock appears to be overvalued. The current stock price of HK$4.70 is trading 19.9% above its estimated GF Value™ of HK$3.92. GuruFocus considers Lee & Man Chemical Co to be Modestly Overvalued.

Key valuation signals for HKSE:00746:

  • EBIT: HK$749 Mil
  • GF Value™: HK$3.92 vs. price of HK$4.70 (19.9% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the HKSE:00746 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lee & Man Chemical Co Business Description

Address 169 Electric Road, Unit B, 35th Floor, Lee & Man Commercial Center, North Point, Hong Kong, HKG
Lee & Man Chemical Co Ltd is an investment holding company. The company is engaged in the manufacture and sale of chemical products. Its products include Polymers, Basic Chemicals, Food / Water Additives, Paper Additives, and Lithium Ion Battery Additives. Its segment includes the Chemical segment manufacture and sale of chemical products; and the Property segment engaged in the development and sale of properties, properties held for rental, and supply of related property services. It generates the majority of its revenue from the Chemical segment. Its operations of the two segments are both located in the PRC. Its revenue of the Group's from external customers is derived from the PRC.
75GF Score

Get the complete analysis for HKSE:00746

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

HK$4.70
Price
HK$3.92
GF Value