Mainland Headwear Holdings (HKSE:01100) EBIT: HK$177 Mil (TTM As of Dec. 2025)


HKSE:01100 Mainland Headwear Holdings Ltd HKSE:01100
91 GF Score
Price HK$1.45
GF Value HK$1.80
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Mainland Headwear Holdings EBIT?

Mainland Headwear Holdings HKSE:01100 -2.03% 91 EBIT is HK$177 Mil as of Dec. 2025. GuruFocus rates HKSE:01100 with a GF Score™ of 91/100 and a GF Value™ of HK$1.80 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Mainland Headwear Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$91 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$177 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mainland Headwear Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 9.10%. Mainland Headwear Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 16.90%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mainland Headwear Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 26.19%.

Mainland Headwear Holdings  (HKSE:01100) EBIT Explanation

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

Mainland Headwear Holdings'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 )
=148.926 * ( 1 - 20.69% )/( (1272.789 + 1323.871)/ 2 )
=118.1132106/1298.33
=9.10 %

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))
=1961.637 - 427.851 - ( 260.997 - max(0, 636.509 - 1031.93+260.997))
=1272.789

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))
=1997.767 - 456.455 - ( 217.441 - max(0, 614.161 - 1073.674+217.441))
=1323.871

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:

Mainland Headwear Holdings'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 )
=182.754/( ( (720.482 + max(343.082, 0)) + (699.943 + max(399.778, 0)) )/ 2 )
=182.754/( ( 1063.564 + 1099.721 )/ 2 )
=182.754/1081.6425
=16.90 %

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)
=(401.737 + 350.842 + 18.354) - (427.851 + 0 + 0)
=343.082

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(431.752 + 399.095 + 25.386) - (456.455 + 0 + 0)
=399.778

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:

Mainland Headwear Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=177.199/676.676
=26.19 %

* 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.

Mainland Headwear Holdings EBIT Related Terms

Mainland Headwear Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Mainland Headwear Holdings'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.

Mainland Headwear Holdings EBIT Chart

Mainland Headwear Holdings 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 180.80 264.51 192.46 115.92 177.20

Mainland Headwear Holdings 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 91.96 67.08 48.84 85.82 91.38

HKSE:01100 vs NKE, DECK, ONON: EBIT Comparison

For the Footwear & Accessories subindustry, Mainland Headwear Holdings'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.

Mainland Headwear Holdings EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mainland Headwear Holdings's EV-to-EBIT distribution charts can be found below:

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


HKSE:01100
91GF Score
Mainland Headwear Holdings Ltd HKSE:01100
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Mainland Headwear Holdings 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$177 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$177 Mil mean?
Mainland Headwear Holdings (HKSE:01100) has a EBIT of HK$177 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Mainland Headwear Holdings.
Is Mainland Headwear Holdings' EBIT too high?
Mainland Headwear Holdings' current EBIT is HK$177 Mil. Overall, Mainland Headwear Holdings has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mainland Headwear Holdings' EBIT compare to NKE and DECK?
Mainland Headwear Holdings' EBIT of HK$177 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories 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 Mainland Headwear Holdings. Mainland Headwear Holdings's current EBIT is HK$177 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mainland Headwear Holdings stock overvalued right now?
Based on GuruFocus' analysis, Mainland Headwear Holdings (HKSE:01100) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.80, compared to a current price of HK$1.45 — trading 19.4% below its estimated fair value. The current EBIT is HK$177 Mil. Mainland Headwear Holdings' overall GF Score™ is 91/100 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 Mainland Headwear Holdings (HKSE:01100), the current EBIT is HK$177 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 Mainland Headwear Holdings (HKSE:01100) Overvalued in 2026?

Based on GuruFocus' analysis, Mainland Headwear Holdings stock appears to be undervalued. The current stock price of HK$1.45 is trading 19.4% below its estimated GF Value™ of HK$1.80. GuruFocus considers Mainland Headwear Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:01100:

  • EBIT: HK$177 Mil
  • GF Value™: HK$1.80 vs. price of HK$1.45 (19.4% below fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the HKSE:01100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mainland Headwear Holdings Business Description

Address 18 Sheung Yuet Road, Rooms 2301-2305, 23rd Floor, CTF Life Tower, Kowloon Bay, Kowloon, Hong Kong, HKG
Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the U.S. as the main market; followed by the European market. The key revenue is derived from the Manufacturing segment.
91GF Score

Get the complete analysis for HKSE:01100

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

HK$1.45
Price
HK$1.80
GF Value