Spur (JSE:SUR) EBIT: R440 Mil (TTM As of Dec. 2025)


JSE:SUR Spur Corp Ltd JSE:SUR
90 GF Score
Price R41.71
GF Value R40.24
Valuation Fairly Valued
! 9 Warning Signs
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What is Spur EBIT?

Spur JSE:SUR +3.22% 90 EBIT is R440 Mil as of Dec. 2025. GuruFocus rates JSE:SUR with a GF Score™ of 90/100 and a GF Value™ of R40.24 (Fairly Valued). The stock has 9 warning signs investors should review.

Spur's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was R250 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was R440 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Spur's annualized ROC % for the quarter that ended in Dec. 2025 was 38.48%. Spur's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 269.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Spur's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13.93%.


Spur  (JSE:SUR) EBIT Explanation

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

Spur'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 )
=456.794 * ( 1 - 29.46% )/( (843.924 + 830.905)/ 2 )
=322.2224876/837.4145
=38.48 %

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))
=1533.937 - 307.801 - ( 477.119 - max(0, 485.002 - 867.214+477.119))
=843.924

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))
=1508.269 - 315.006 - ( 402.281 - max(0, 465.544 - 827.902+402.281))
=830.905

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:

Spur'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 )
=500.242/( ( (159.952 + max(-3.528, 0)) + (175.211 + max(36.694, 0)) )/ 2 )
=500.242/( ( 159.952 + 211.905 )/ 2 )
=500.242/185.9285
=269.05 %

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)
=(142.421 + 171.96 + 75.714) - (307.801 + 0 + 85.822)
=-3.528

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(187.723 + 182.092 + 55.806) - (315.006 + 0 + 73.921)
=36.694

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=440.341/3160.620
=13.93 %

* 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.


Spur EBIT Related Terms


Spur EBIT Historical Data

* Premium members only.

The historical data trend for Spur'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.

Spur EBIT Chart

Spur Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 152.57 222.25 321.12 347.88 410.97

Spur Semi-Annual Data
Jun16 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 193.82 154.06 220.75 190.22 250.12

JSE:SUR vs MCD, SBUX, YUM: EBIT Comparison

For the Restaurants subindustry, Spur'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.


Spur EV-to-EBIT vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Spur's EV-to-EBIT distribution charts can be found below:

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


JSE:SUR
90GF Score
Spur Corp Ltd JSE:SUR
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Spur 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 R440 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 R440 Mil mean?
Spur (JSE:SUR) has a EBIT of R440 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Spur.
Is Spur's EBIT too high?
Spur's current EBIT is R440 Mil. Overall, Spur has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spur's EBIT compare to MCD and SBUX?
Spur's EBIT of R440 Mil can be compared against companies in the Restaurants 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 Restaurants company?
A good EBIT depends on the Restaurants 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 Spur. Spur's current EBIT is R440 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spur stock overvalued right now?
Based on GuruFocus' analysis, Spur (JSE:SUR) is currently considered Fairly Valued. The stock's GF Value™ is R40.24, compared to a current price of R41.71 — trading 3.7% above its estimated fair value. The current EBIT is R440 Mil. Spur's overall GF Score™ is 90/100 with 9 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 Spur (JSE:SUR), the current EBIT is R440 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 Spur (JSE:SUR) Overvalued in 2026?

Based on GuruFocus' analysis, Spur stock appears to be overvalued. The current stock price of R41.71 is trading 3.7% above its estimated GF Value™ of R40.24. GuruFocus considers Spur to be Fairly Valued.

Key valuation signals for JSE:SUR:

  • EBIT: R440 Mil
  • GF Value™: R40.24 vs. price of R41.71 (3.7% above fair value)
  • GF Score™: 90/100 with 9 warning signs

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


Spur Business Description

Address 14 Edison Way, Century Gate Business Park, Century City, Cape Town, WC, ZAF, 7441
Spur Corp Ltd is a South African multi-brand restaurant franchisor. The group operates as franchisor for the Spur Steak Ranches, Panarottis Pizza Pasta, John Dory's Fish Grill Sushi, The Hussar Grill, RocoMamas (including RocoGo), Casa Bella, Nikos, Doppio Zero and Piza e Vino brands. The company's segment includes South Africa and International segment. South Africa segment include: Franchise, Manufacturing and distribution, Retail company stores, Marketing and Other. International segment include Australasia, Rest of Africa and Middle East and Marketing. Key revenue is generated from South Africa segment.
90GF Score

Get the complete analysis for JSE:SUR

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

R41.71
Price
R40.24
GF Value