Smart-Core Holdings (HKSE:02166) EBIT: HK$212 Mil (TTM As of Dec. 2025)

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HKSE:02166 Smart-Core Holdings Ltd HKSE:02166
59 GF Score
Price HK$4.61
GF Value HK$1.52
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Smart-Core Holdings EBIT?

Smart-Core Holdings HKSE:02166 -4.06% 59 EBIT is HK$212 Mil as of Dec. 2025. GuruFocus rates HKSE:02166 with a GF Score™ of 59/100 and a GF Value™ of HK$1.52 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Smart-Core Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$143 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$212 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Smart-Core Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 12.31%. Smart-Core Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 27.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Smart-Core Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.55%.


Smart-Core Holdings  (HKSE:02166) EBIT Explanation

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

Smart-Core 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 )
=212.088 * ( 1 - 10.41% )/( (1502.323 + 1585.765)/ 2 )
=190.0096392/1544.044
=12.31 %

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))
=2264.038 - 601.511 - ( 160.204 - max(0, 1293.007 - 1901.506+160.204))
=1502.323

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))
=2264.101 - 524.376 - ( 153.96 - max(0, 1172.688 - 1838.806+153.96))
=1585.765

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:

Smart-Core 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 )
=286.002/( ( (11.692 + max(1034.959, 0)) + (40.63 + max(1016.245, 0)) )/ 2 )
=286.002/( ( 1046.651 + 1056.875 )/ 2 )
=286.002/1051.763
=27.19 %

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)
=(1094.718 + 421.562 + 200.461) - (601.511 + 0 + 80.271)
=1034.959

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1153.957 + 292.34 + 202.704) - (524.376 + 0 + 108.38)
=1016.245

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:

Smart-Core Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=211.568/3231.133
=6.55 %

* 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.


Smart-Core Holdings EBIT Related Terms


Smart-Core Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Smart-Core 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.

Smart-Core Holdings EBIT Chart

Smart-Core 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 525.39 537.48 166.27 141.51 211.57

Smart-Core 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 106.34 60.96 80.55 68.57 143.00

HKSE:02166 vs SNX, ARW, AVT: EBIT Comparison

For the Electronics & Computer Distribution subindustry, Smart-Core 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.


Smart-Core Holdings EV-to-EBIT vs Hardware Industry

For the Hardware industry and Technology sector, Smart-Core Holdings's EV-to-EBIT distribution charts can be found below:

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


HKSE:02166
59GF Score
Smart-Core Holdings Ltd HKSE:02166
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smart-Core 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$212 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$212 Mil mean?
Smart-Core Holdings (HKSE:02166) has a EBIT of HK$212 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Smart-Core Holdings.
Is Smart-Core Holdings' EBIT too high?
Smart-Core Holdings' current EBIT is HK$212 Mil. Overall, Smart-Core Holdings has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smart-Core Holdings' EBIT compare to SNX and ARW?
Smart-Core Holdings' EBIT of HK$212 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Smart-Core Holdings. Smart-Core Holdings's current EBIT is HK$212 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart-Core Holdings stock overvalued right now?
Based on GuruFocus' analysis, Smart-Core Holdings (HKSE:02166) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.52, compared to a current price of HK$4.61 — trading 203% above its estimated fair value. The current EBIT is HK$212 Mil. Smart-Core Holdings' overall GF Score™ is 59/100 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 Smart-Core Holdings (HKSE:02166), the current EBIT is HK$212 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 Smart-Core Holdings (HKSE:02166) Overvalued in 2026?

Based on GuruFocus' analysis, Smart-Core Holdings stock appears to be overvalued. The current stock price of HK$4.61 is trading 203% above its estimated GF Value™ of HK$1.52. GuruFocus considers Smart-Core Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:02166:

  • EBIT: HK$212 Mil
  • GF Value™: HK$1.52 vs. price of HK$4.61 (203% above fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the HKSE:02166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smart-Core Holdings Business Description

Address 70 Ta Chuen Ping Street, 15th Floor, Tower B, Regent Centre, Kwai Chung, New Territories, Hong Kong, HKG
Smart-Core Holdings Ltd is a distributor of integrated circuits and other electronic components and technology value-added service providers covering multiple market segments such as televisions, optoelectronic displays, smart terminals, memory, security monitoring, Internet of Things (IoT), and optical communications. Its service networks cover the majority of regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support, and software services. Its segments include Authorised distribution and Mixed distribution. It makes up the majority of the revenue from the Authorised distribution segment.
59GF Score

Get the complete analysis for HKSE:02166

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

HK$4.61
Price
HK$1.52
GF Value