TS Lines (HKSE:02510) EBIT: HK$2,600 Mil (TTM As of Dec. 2025)


HKSE:02510 TS Lines Ltd HKSE:02510
20 GF Score
Price HK$7.79
! 3 Warning Signs
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What is TS Lines EBIT?

TS Lines HKSE:02510 +1.56% 20 EBIT is HK$2,600 Mil as of Dec. 2025. GuruFocus rates HKSE:02510 with a GF Score™ of 20/100. The stock has 3 warning signs investors should review.

TS Lines's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$1,106 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$2,600 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TS Lines's annualized ROC % for the quarter that ended in Dec. 2025 was 10.88%. TS Lines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 15.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TS Lines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 25.15%.

TS Lines  (HKSE:02510) EBIT Explanation

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

TS Lines'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 )
=1582.692 * ( 1 - 0.2% )/( (14402.44 + 14643.217)/ 2 )
=1579.526616/14522.8285
=10.88 %

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))
=19725.525 - 2775.665 - ( 4597.718 - max(0, 3208.712 - 5756.132+4597.718))
=14402.44

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))
=19133.695 - 1408.449 - ( 3779.026 - max(0, 1828.356 - 4910.385+3779.026))
=14643.217

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:

TS Lines'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 )
=2212.268/( ( (13942.653 + max(-1944.577, 0)) + (14003.946 + max(-530.106, 0)) )/ 2 )
=2212.268/( ( 13942.653 + 14003.946 )/ 2 )
=2212.268/13973.2995
=15.83 %

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)
=(676.738 + 175.471 + 0) - (2775.665 + 0 + 21.121)
=-1944.577

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(782.772 + 154.48 + 0) - (1408.449 + 0 + 58.909)
=-530.106

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:

TS Lines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=2600.146/10337.700
=25.15 %

* 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.

TS Lines EBIT Related Terms

TS Lines EBIT Historical Data

* Premium members only.

The historical data trend for TS Lines'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.

TS Lines EBIT Chart

TS Lines Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
8,504.54 8,519.95 139.51 2,865.65 2,587.24

TS Lines Semi-Annual Data
Dec21 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
EBIT Get a 7-Day Free Trial 0.00 470.46 2,397.39 1,494.01 1,106.13

TS Lines EBIT Competitor Comparison

For the Marine Shipping subindustry, TS Lines'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.

TS Lines EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, TS Lines's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TS Lines's EV-to-EBIT falls into.


HKSE:02510
20GF Score
TS Lines Ltd HKSE:02510
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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TS Lines 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$2,600 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$2,600 Mil mean?
TS Lines (HKSE:02510) has a EBIT of HK$2,600 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on TS Lines.
Is TS Lines' EBIT too high?
TS Lines' current EBIT is HK$2,600 Mil. Overall, TS Lines has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does TS Lines' EBIT compare to competitors?
TS Lines' EBIT of HK$2,600 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 TS Lines. TS Lines's current EBIT is HK$2,600 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TS Lines stock overvalued right now?
TS Lines (HKSE:02510) has a current EBIT of HK$2,600 Mil. The current EBIT is HK$2,600 Mil. TS Lines' overall GF Score™ is 20/100 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 TS Lines (HKSE:02510), the current EBIT is HK$2,600 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.

TS Lines Business Description

Address Tun-Hwa North Road, No. 167, 6th Floor, Songshan District, Taipei, TWN, 105
TS Lines Ltd is a container shipping company focused on the Asia region. Its fleet consists of both owned and chartered vessels, focusing on high-frequency short-haul services originating from Asia. The Group generates maximum revenue from the provision of container shipping services, and also generates some income from other related services comprising slottage revenue, demurrage, and detention income. Geographically, it generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong Special Administrative Region, Taiwan, Japan, Australia, the Philippines, Thailand, India, and other countries.
20GF Score

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

HK$7.79
Price