SEM Holdings (HKSE:09929) EBIT: HK$-18.38 Mil (TTM As of Dec. 2025)

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HKSE:09929 SEM Holdings Ltd HKSE:09929
39 GF Score
Price HK$1.84
GF Value HK$0.01
Valuation Significantly Overvalued
! 8 Warning Signs
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What is SEM Holdings EBIT?

SEM Holdings HKSE:09929 -1.87% 39 EBIT is HK$-18.38 Mil as of Dec. 2025. GuruFocus rates HKSE:09929 with a GF Score™ of 39/100 and a GF Value™ of HK$0.01 (Significantly Overvalued). The stock has 8 warning signs investors should review.

SEM Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was HK$-19.01 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-18.38 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SEM Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was -31.97%. SEM Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -122.49%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SEM Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -0.50%.


SEM Holdings  (HKSE:09929) EBIT Explanation

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

SEM 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 )
=-39.584 * ( 1 - 0.14% )/( (109.905 + 137.417)/ 2 )
=-39.5285824/123.661
=-31.97 %

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))
=244.916 - 25.268 - ( 109.743 - max(0, 27.205 - 216.28+109.743))
=109.905

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:

SEM 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 )
=-38.01/( ( (28.636 + max(-3.726, 0)) + (18.305 + max(15.12, 0)) )/ 2 )
=-38.01/( ( 28.636 + 33.425 )/ 2 )
=-38.01/31.0305
=-122.49 %

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)
=(22.318 + 0 + 0) - (25.268 + 0 + 0.776)
=-3.726

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(44.341 + 0 + 2.488) - (26.359 + 0 + 5.35)
=15.12

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-18.376/3688.436
=-0.50 %

* 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.


SEM Holdings EBIT Related Terms


SEM Holdings EBIT Historical Data

* Premium members only.

The historical data trend for SEM 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.

SEM Holdings EBIT Chart

SEM 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 -4.47 -5.33 -7.91 4.03 -18.38

SEM Holdings 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 -13.40 -7.34 11.37 0.63 -19.01

HKSE:09929 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, SEM 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.


SEM Holdings EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, SEM Holdings's EV-to-EBIT distribution charts can be found below:

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


HKSE:09929
39GF Score
SEM Holdings Ltd HKSE:09929
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SEM 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$-18.38 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$-18.38 Mil mean?
SEM Holdings (HKSE:09929) has a EBIT of HK$-18.38 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SEM Holdings.
Is SEM Holdings' EBIT too high?
SEM Holdings' current EBIT is HK$-18.38 Mil. Overall, SEM Holdings has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SEM Holdings' EBIT compare to PWR and FIX?
SEM Holdings' EBIT of HK$-18.38 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 SEM Holdings. SEM Holdings's current EBIT is HK$-18.38 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SEM Holdings stock overvalued right now?
Based on GuruFocus' analysis, SEM Holdings (HKSE:09929) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$1.84 — trading 18300% above its estimated fair value. The current EBIT is HK$-18.38 Mil. SEM Holdings' overall GF Score™ is 39/100 with 8 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 SEM Holdings (HKSE:09929), the current EBIT is HK$-18.38 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 SEM Holdings (HKSE:09929) Overvalued in 2026?

Based on GuruFocus' analysis, SEM Holdings stock appears to be overvalued. The current stock price of HK$1.84 is trading 18300% above its estimated GF Value™ of HK$0.01. GuruFocus considers SEM Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:09929:

  • EBIT: HK$-18.38 Mil
  • GF Value™: HK$0.01 vs. price of HK$1.84 (18300% above fair value)
  • GF Score™: 39/100 with 8 warning signs

No single metric tells the full story. See the HKSE:09929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SEM Holdings Business Description

Address 70 Wing Tai Road, Unit 1, 4th Floor, Chai Wan Industrial City Phase II, Chai Wan, Hong Kong, HKG
SEM Holdings Ltd is an investment holding company. The principal activities of the group are providing electrical-related E&M engineering works, mainly consisting of supply, installation, and maintenance of electrical systems, for new and existing buildings in the projects of commercial and residential development, hotel development, casino development, public properties, and hotel renovation in Macau and Hong Kong, and trading of electrical cables. It generates the majority of its revenue from Hong Kong.
39GF Score

Get the complete analysis for HKSE:09929

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

HK$1.84
Price
HK$0.01
GF Value