Anjoy Foods Group Co (HKSE:02648) EBIT: HK$2,312 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02648 Anjoy Foods Group Co Ltd HKSE:02648
76 GF Score
Price HK$69.75
GF Value HK$75.71
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Anjoy Foods Group Co EBIT?

Anjoy Foods Group Co HKSE:02648 +0.65% 76 EBIT is HK$2,312 Mil as of Mar. 2026. GuruFocus rates HKSE:02648 with a GF Score™ of 76/100 and a GF Value™ of HK$75.71 (Fairly Valued). The stock has 3 warning signs investors should review.

Anjoy Foods Group Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was HK$852 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was HK$2,312 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Anjoy Foods Group Co's annualized ROC % for the quarter that ended in Mar. 2026 was 23.73%. Anjoy Foods Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Anjoy Foods Group Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.23%.


Anjoy Foods Group Co  (HKSE:02648) EBIT Explanation

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

Anjoy Foods Group Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3336.196 * ( 1 - 23.94% )/( (10754.035 + 10631.203)/ 2 )
=2537.5106776/10692.619
=23.73 %

where

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))
=22941.479 - 2665.318 - ( 9522.126 - max(0, 4731.647 - 14610.668+9522.126))
=10754.035

Invested Capital(Q: Mar. 2026 )
=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))
=23342.614 - 2309.867 - ( 10401.544 - max(0, 3965.31 - 14803.393+10401.544))
=10631.203

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Anjoy Foods Group Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3409.436/( ( (6160.77 + max(1345.296, 0)) + (6322.472 + max(1088.141, 0)) )/ 2 )
=3409.436/( ( 7506.066 + 7410.613 )/ 2 )
=3409.436/7458.3395
=45.71 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(741.762 + 4029.283 + 288.381) - (2665.318 + 0 + 1048.812)
=1345.296

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(664.668 + 3451.898 + 250.747) - (2309.867 + 0 + 969.305)
=1088.141

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Anjoy Foods Group Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2312.057/22607.836
=10.23 %

* 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.


Anjoy Foods Group Co EBIT Related Terms


Anjoy Foods Group Co EBIT Historical Data

* Premium members only.

The historical data trend for Anjoy Foods Group 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.

Anjoy Foods Group Co EBIT Chart

Anjoy Foods Group 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 1,092.85 1,607.16 2,133.33 2,124.47 2,044.65

Anjoy Foods Group Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 559.22 404.61 408.91 646.18 852.36

HKSE:02648 vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, Anjoy Foods Group 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.


Anjoy Foods Group Co EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Anjoy Foods Group Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Anjoy Foods Group Co's EV-to-EBIT falls into.


HKSE:02648
76GF Score
Anjoy Foods Group Co Ltd HKSE:02648
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anjoy Foods Group 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$2,312 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$2,312 Mil mean?
Anjoy Foods Group Co (HKSE:02648) has a EBIT of HK$2,312 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Anjoy Foods Group Co.
Is Anjoy Foods Group Co's EBIT too high?
Anjoy Foods Group Co's current EBIT is HK$2,312 Mil. Overall, Anjoy Foods Group Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Anjoy Foods Group Co's EBIT compare to KHC and GIS?
Anjoy Foods Group Co's EBIT of HK$2,312 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Anjoy Foods Group Co. Anjoy Foods Group Co's current EBIT is HK$2,312 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anjoy Foods Group Co stock overvalued right now?
Based on GuruFocus' analysis, Anjoy Foods Group Co (HKSE:02648) is currently considered Fairly Valued. The stock's GF Value™ is HK$75.71, compared to a current price of HK$69.75 — trading 7.9% below its estimated fair value. The current EBIT is HK$2,312 Mil. Anjoy Foods Group Co's overall GF Score™ is 76/100 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 Anjoy Foods Group Co (HKSE:02648), the current EBIT is HK$2,312 Mil as of Mar. 2026. 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 Anjoy Foods Group Co (HKSE:02648) Overvalued in 2026?

Based on GuruFocus' analysis, Anjoy Foods Group Co stock appears to be undervalued. The current stock price of HK$69.75 is trading 7.9% below its estimated GF Value™ of HK$75.71. GuruFocus considers Anjoy Foods Group Co to be Fairly Valued.

Key valuation signals for HKSE:02648:

  • EBIT: HK$2,312 Mil
  • GF Value™: HK$75.71 vs. price of HK$69.75 (7.9% below fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the HKSE:02648 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anjoy Foods Group Co Business Description

Other Exchanges 603345:China
Address Xinyang Road, No. 2508, Haicang District, Fujian Province, Xiamen, CHN, 361022
Anjoy Foods Group Co Ltd is a frozen food production company. It is engaged in the R&D, production, and sales of quick-frozen food products, such as quick-frozen flavored and processed products (quick-frozen surimi products and quick-frozen meat products), quick-frozen prepared dishes, and quick-frozen flour and rice products. The company operates across both domestic and international markets.
76GF Score

Get the complete analysis for HKSE:02648

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

HK$69.75
Price
HK$75.71
GF Value