Bright Smart Securitiesmmodities Group (HKSE:01428) EBIT: HK$902 Mil (TTM As of Sep. 2025)


HKSE:01428 Bright Smart Securities & Commodities Group Ltd HKSE:01428
51 GF Score
Price HK$7.05
GF Value HK$2.28
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Bright Smart Securitiesmmodities Group EBIT?

Bright Smart Securitiesmmodities Group HKSE:01428 -0.56% 51 EBIT is HK$902 Mil as of Sep. 2025. GuruFocus rates HKSE:01428 with a GF Score™ of 51/100 and a GF Value™ of HK$2.28 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Bright Smart Securitiesmmodities Group's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2025 was HK$427 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was HK$902 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bright Smart Securitiesmmodities Group's annualized ROC % for the quarter that ended in Sep. 2025 was 8.38%. Bright Smart Securitiesmmodities Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 14.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Bright Smart Securitiesmmodities Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 5.51%.

Bright Smart Securitiesmmodities Group  (HKSE:01428) EBIT Explanation

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

Bright Smart Securitiesmmodities Group's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=586.038 * ( 1 - 11.25% )/( (5531.635 + 6887.014)/ 2 )
=520.108725/6209.3245
=8.38 %

where

Invested Capital(Q: Mar. 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))
=7690.628 - 1680.947 - ( 478.046 - max(0, 6185.078 - 7529.374+478.046))
=5531.635

Invested Capital(Q: Sep. 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))
=10177.138 - 2648.774 - ( 641.35 - max(0, 8341.77 - 10061.338+641.35))
=6887.014

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

Bright Smart Securitiesmmodities Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=853.404/( ( (61.609 + max(5249.671, 0)) + (43.837 + max(6656.747, 0)) )/ 2 )
=853.404/( ( 5311.28 + 6700.584 )/ 2 )
=853.404/6005.932
=14.21 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7012.365 + 0 + 2.7179999999998) - (1680.947 + 0 + 84.465)
=5249.671

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9382.979 + 0 + 1.6639999999989) - (2648.774 + 0 + 79.122000000001)
=6656.747

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

Bright Smart Securitiesmmodities Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=901.923/16377.779
=5.51 %

* 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.

Bright Smart Securitiesmmodities Group EBIT Related Terms

Bright Smart Securitiesmmodities Group EBIT Historical Data

* Premium members only.

The historical data trend for Bright Smart Securitiesmmodities Group'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.

Bright Smart Securitiesmmodities Group EBIT Chart

Bright Smart Securitiesmmodities Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 780.73 806.40 864.90 891.08 901.92

Bright Smart Securitiesmmodities Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 411.89 448.23 442.85 426.70 475.22

HKSE:01428 vs MS, GS, SCHW: EBIT Comparison

For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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.

Bright Smart Securitiesmmodities Group EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Bright Smart Securitiesmmodities Group's EV-to-EBIT falls into.


HKSE:01428
51GF Score
Bright Smart Securities & Commodities Group Ltd HKSE:01428
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bright Smart Securitiesmmodities Group 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$902 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$902 Mil mean?
Bright Smart Securitiesmmodities Group (HKSE:01428) has a EBIT of HK$902 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Bright Smart Securitiesmmodities Group.
Is Bright Smart Securitiesmmodities Group's EBIT too high?
Bright Smart Securitiesmmodities Group's current EBIT is HK$902 Mil. Overall, Bright Smart Securitiesmmodities Group has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Smart Securitiesmmodities Group's EBIT compare to MS and GS?
Bright Smart Securitiesmmodities Group's EBIT of HK$902 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good EBIT depends on the Capital Markets 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 Bright Smart Securitiesmmodities Group. Bright Smart Securitiesmmodities Group's current EBIT is HK$902 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Smart Securitiesmmodities Group stock overvalued right now?
Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group (HKSE:01428) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$2.28, compared to a current price of HK$7.05 — trading 209.2% above its estimated fair value. The current EBIT is HK$902 Mil. Bright Smart Securitiesmmodities Group's overall GF Score™ is 51/100 with 4 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 Bright Smart Securitiesmmodities Group (HKSE:01428), the current EBIT is HK$902 Mil as of Sep. 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 Bright Smart Securitiesmmodities Group (HKSE:01428) Overvalued in 2026?

Based on GuruFocus' analysis, Bright Smart Securitiesmmodities Group stock appears to be overvalued. The current stock price of HK$7.05 is trading 209.2% above its estimated GF Value™ of HK$2.28. GuruFocus considers Bright Smart Securitiesmmodities Group to be Significantly Overvalued.

Key valuation signals for HKSE:01428:

  • EBIT: HK$902 Mil
  • GF Value™: HK$2.28 vs. price of HK$7.05 (209.2% above fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the HKSE:01428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bright Smart Securitiesmmodities Group Business Description

Other Exchanges 0BX:Germany
Address 71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG
Bright Smart Securities & Commodities Group Ltd is a company that provides financial services, including securities broking, margin financing, commodities & futures broking, bullion trading and leveraged foreign exchange trading. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded overseas. The company generates majority of its revenue from the Securities broking segment.
51GF Score

Get the complete analysis for HKSE:01428

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

HK$7.05
Price
HK$2.28
GF Value