Forward Fashion (International) Holdings Co (HKSE:02528) EBIT: HK$79.6 Mil (TTM As of Dec. 2025)

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HKSE:02528 Forward Fashion (International) Holdings Co Ltd HKSE:02528
43 GF Score
Price HK$0.93
GF Value HK$0.24
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Forward Fashion (International) Holdings Co EBIT?

Forward Fashion (International) Holdings Co HKSE:02528 43 EBIT is HK$79.6 Mil as of Dec. 2025. GuruFocus rates HKSE:02528 with a GF Score™ of 43/100 and a GF Value™ of HK$0.24 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Forward Fashion (International) Holdings Co's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$57.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$79.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Forward Fashion (International) Holdings Co's annualized ROC % for the quarter that ended in Dec. 2025 was 22.45%. Forward Fashion (International) Holdings Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 34.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Forward Fashion (International) Holdings Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 18.49%.


Forward Fashion (International) Holdings Co  (HKSE:02528) EBIT Explanation

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

Forward Fashion (International) Holdings Co'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 )
=93.126 * ( 1 - 0% )/( (435.368 + 394.306)/ 2 )
=93.126/414.837
=22.45 %

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))
=719.127 - 179.945 - ( 103.814 - max(0, 310.45 - 416.912+103.814))
=435.368

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))
=673.317 - 201.259 - ( 77.752 - max(0, 312.508 - 408.789+77.752))
=394.306

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:

Forward Fashion (International) Holdings Co'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 )
=114.406/( ( (261.132 + max(89.503, 0)) + (223.065 + max(87.465, 0)) )/ 2 )
=114.406/( ( 350.635 + 310.53 )/ 2 )
=114.406/330.5825
=34.61 %

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)
=(37.624 + 216.284 + 28.528) - (179.945 + 0 + 12.988)
=89.503

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.637 + 210.188 + 50.206) - (201.259 + 0 + 21.307)
=87.465

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:

Forward Fashion (International) Holdings Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=79.61/430.509
=18.49 %

* 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.


Forward Fashion (International) Holdings Co EBIT Related Terms


Forward Fashion (International) Holdings Co EBIT Historical Data

* Premium members only.

The historical data trend for Forward Fashion (International) Holdings Co'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.

Forward Fashion (International) Holdings Co EBIT Chart

Forward Fashion (International) Holdings Co 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 68.41 -15.52 1.35 -63.78 79.61

Forward Fashion (International) Holdings Co Semi-Annual Data
Dec16 Dec17 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 -2.53 -44.12 -19.66 22.41 57.20

HKSE:02528 vs TJX, ROST, BURL: EBIT Comparison

For the Apparel Retail subindustry, Forward Fashion (International) Holdings Co'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.


Forward Fashion (International) Holdings Co EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forward Fashion (International) Holdings Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Forward Fashion (International) Holdings Co's EV-to-EBIT falls into.


HKSE:02528
43GF Score
Forward Fashion (International) Holdings Co Ltd HKSE:02528
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forward Fashion (International) Holdings Co 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$79.6 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$79.6 Mil mean?
Forward Fashion (International) Holdings Co (HKSE:02528) has a EBIT of HK$79.6 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Forward Fashion (International) Holdings Co.
Is Forward Fashion (International) Holdings Co's EBIT too high?
Forward Fashion (International) Holdings Co's current EBIT is HK$79.6 Mil. Overall, Forward Fashion (International) Holdings Co has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Fashion (International) Holdings Co's EBIT compare to TJX and ROST?
Forward Fashion (International) Holdings Co's EBIT of HK$79.6 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical 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 Forward Fashion (International) Holdings Co. Forward Fashion (International) Holdings Co's current EBIT is HK$79.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Fashion (International) Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co (HKSE:02528) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.93 — trading 285.4% above its estimated fair value. The current EBIT is HK$79.6 Mil. Forward Fashion (International) Holdings Co's overall GF Score™ is 43/100 with 6 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 Forward Fashion (International) Holdings Co (HKSE:02528), the current EBIT is HK$79.6 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 Forward Fashion (International) Holdings Co (HKSE:02528) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co stock appears to be overvalued. The current stock price of HK$0.93 is trading 285.4% above its estimated GF Value™ of HK$0.24. GuruFocus considers Forward Fashion (International) Holdings Co to be Significantly Overvalued.

Key valuation signals for HKSE:02528:

  • EBIT: HK$79.6 Mil
  • GF Value™: HK$0.24 vs. price of HK$0.93 (285.4% above fair value)
  • GF Score™: 43/100 with 6 warning signs

No single metric tells the full story. See the HKSE:02528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forward Fashion (International) Holdings Co Business Description

Address 83 King Lam Street, Unit 5, 10th Floor, Tower B, Cheung Sha Wan, Kowloon, Hong Kong, HKG
Forward Fashion (International) Holdings Co Ltd is engaged in the retail and wholesale of fashion apparel of international brands through its multi-brand and multi-store business model in the Chinese Mainland, Macau, and Hong Kong. The group also provides store management services for fashion brands and catering services in Macau. Its portfolio includes brands such as BLACK BARRETT, Calvin Klein, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger, Under Armour, and others. It operates across three geographical segments: the Chinese Mainland, Macau, and Hong Kong and others, with Macau contributing the majority of the Group's revenue.
43GF Score

Get the complete analysis for HKSE:02528

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

HK$0.93
Price
HK$0.24
GF Value