Tian Chang Group Holdings (HKSE:02182) EBIT: HK$-6.6 Mil (TTM As of Dec. 2025)

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HKSE:02182 Tian Chang Group Holdings Ltd HKSE:02182
50 GF Score
Price HK$0.32
GF Value HK$0.27
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Tian Chang Group Holdings EBIT?

Tian Chang Group Holdings HKSE:02182 50 EBIT is HK$-6.6 Mil as of Dec. 2025. GuruFocus rates HKSE:02182 with a GF Score™ of 50/100 and a GF Value™ of HK$0.27 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Tian Chang Group Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$1.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-6.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tian Chang Group Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 0.00%. Tian Chang Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.51%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tian Chang Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -9.53%.


Tian Chang Group Holdings  (HKSE:02182) EBIT Explanation

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

Tian Chang Group 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 )
=9.602 * ( 1 - 100% )/( (692.214 + 664.062)/ 2 )
=0/678.138
=0.00 %

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))
=882.816 - 72.156 - ( 118.446 - max(0, 119.089 - 307.736+118.446))
=692.214

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))
=873.501 - 77.198 - ( 132.241 - max(0, 98.439 - 317.024+132.241))
=664.062

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:

Tian Chang Group 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 )
=3.216/( ( (545.495 + max(93.025, 0)) + (528.351 + max(88.291, 0)) )/ 2 )
=3.216/( ( 638.52 + 616.642 )/ 2 )
=3.216/627.581
=0.51 %

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)
=(113.991 + 68.065 + 7.223) - (72.156 + 0 + 24.098)
=93.025

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(113.445 + 62.413 + 8.874) - (77.198 + 0 + 19.243)
=88.291

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:

Tian Chang Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-6.624/69.526
=-9.53 %

* 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.


Tian Chang Group Holdings EBIT Related Terms


Tian Chang Group Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Tian Chang Group 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.

Tian Chang Group Holdings EBIT Chart

Tian Chang Group 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 120.07 124.03 31.36 -7.99 -6.62

Tian Chang Group Holdings Semi-Annual Data
Dec15 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 6.00 -9.11 1.12 -8.23 1.61

HKSE:02182 vs MMM, HON: EBIT Comparison

For the Conglomerates subindustry, Tian Chang Group 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.


Tian Chang Group Holdings EV-to-EBIT vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tian Chang Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tian Chang Group Holdings's EV-to-EBIT falls into.


HKSE:02182
50GF Score
Tian Chang Group Holdings Ltd HKSE:02182
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tian Chang Group 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$-6.6 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$-6.6 Mil mean?
Tian Chang Group Holdings (HKSE:02182) has a EBIT of HK$-6.6 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tian Chang Group Holdings.
Is Tian Chang Group Holdings' EBIT too high?
Tian Chang Group Holdings' current EBIT is HK$-6.6 Mil. Overall, Tian Chang Group Holdings has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tian Chang Group Holdings' EBIT compare to MMM and HON?
Tian Chang Group Holdings' EBIT of HK$-6.6 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good EBIT depends on the Conglomerates 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 Tian Chang Group Holdings. Tian Chang Group Holdings's current EBIT is HK$-6.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Chang Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Chang Group Holdings (HKSE:02182) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.27, compared to a current price of HK$0.32 — trading 16.7% above its estimated fair value. The current EBIT is HK$-6.6 Mil. Tian Chang Group Holdings' overall GF Score™ is 50/100 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 Tian Chang Group Holdings (HKSE:02182), the current EBIT is HK$-6.6 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 Tian Chang Group Holdings (HKSE:02182) Overvalued in 2026?

Based on GuruFocus' analysis, Tian Chang Group Holdings stock appears to be overvalued. The current stock price of HK$0.32 is trading 16.7% above its estimated GF Value™ of HK$0.27. GuruFocus considers Tian Chang Group Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:02182:

  • EBIT: HK$-6.6 Mil
  • GF Value™: HK$0.27 vs. price of HK$0.32 (16.7% above fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the HKSE:02182 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tian Chang Group Holdings Business Description

Address 55 Hoi Yuen Road, Workshop Unit 6, 13th Floor, Block B, Hoi Luen Industrial Centre, Kwun Tong, Hong Kong, HKG
Tian Chang Group Holdings Ltd is principally engaged in the manufacturing and sales of electronic cigarette products and providing integrated plastic solutions in Hong Kong and the PRC. It operates in the segments of the Integrated plastic solutions segment, the Electronic cigarette products segment, and the Medical consumable products segment. The E-cigarette products segment involves the manufacture and sales of e-cigarette products, whereas the Integrated plastic solutions segment consists of the manufacture and sales of moulds and plastic products. The company derives key revenue from the PRC.
50GF Score

Get the complete analysis for HKSE:02182

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

HK$0.32
Price
HK$0.27
GF Value