Zeda (JSE:ZZD) EBIT: R1,679 Mil (TTM As of Mar. 2026)


JSE:ZZD Zeda Ltd JSE:ZZD
81 GF Score
Price R14.19
GF Value R13.60
Valuation Fairly Valued
! 6 Warning Signs
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What is Zeda EBIT?

Zeda JSE:ZZD +0.50% 81 EBIT is R1,679 Mil as of Mar. 2026. GuruFocus rates JSE:ZZD with a GF Score™ of 81/100 and a GF Value™ of R13.60 (Fairly Valued). The stock has 6 warning signs investors should review.

Zeda's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was R866 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R1,679 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zeda's annualized ROC % for the quarter that ended in Mar. 2026 was 11.05%. Zeda's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.14%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Zeda's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.98%.


Zeda  (JSE:ZZD) EBIT Explanation

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

Zeda'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1612.69 * ( 1 - 26.79% )/( (10045.157 + 11315.709)/ 2 )
=1180.650349/10680.433
=11.05 %

where

Invested Capital(Q: Sep. 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))
=14158.403 - 3001.386 - ( 1111.86 - max(0, 5964.235 - 8323.705+1111.86))
=10045.157

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))
=14850.188 - 2576.811 - ( 957.668 - max(0, 5701.601 - 8862.571+957.668))
=11315.709

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Zeda'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1732.99/( ( (5195.683 + max(3612.234, 0)) + (5308.99 + max(4992.6, 0)) )/ 2 )
=1732.99/( ( 8807.917 + 10301.59 )/ 2 )
=1732.99/9554.7535
=18.14 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1303.915 + 990.245 + 4647.931) - (3001.386 + 0 + 328.471)
=3612.234

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2003.35 + 823.957 + 5077.596) - (2576.811 + 0 + 335.492)
=4992.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1679.047/9337.661
=17.98 %

* 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.


Zeda EBIT Related Terms


Zeda EBIT Historical Data

* Premium members only.

The historical data trend for Zeda'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.

Zeda EBIT Chart

Zeda Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial 883.55 1,270.77 1,591.87 1,562.13 1,688.15

Zeda Semi-Annual Data
Sep19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 814.92 747.20 875.59 812.55 866.50

JSE:ZZD vs URI, SUNB, AER: EBIT Comparison

For the Rental & Leasing Services subindustry, Zeda'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.


Zeda EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, Zeda's EV-to-EBIT distribution charts can be found below:

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


JSE:ZZD
81GF Score
Zeda Ltd JSE:ZZD
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zeda 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 semi-annually data reported by the company within the most recent 12 months, which was R1,679 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 R1,679 Mil mean?
Zeda (JSE:ZZD) has a EBIT of R1,679 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Zeda.
Is Zeda's EBIT too high?
Zeda's current EBIT is R1,679 Mil. Overall, Zeda has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zeda's EBIT compare to URI and SUNB?
Zeda's EBIT of R1,679 Mil can be compared against companies in the Business Services 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 Business Services company?
A good EBIT depends on the Business Services 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 Zeda. Zeda's current EBIT is R1,679 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zeda stock overvalued right now?
Based on GuruFocus' analysis, Zeda (JSE:ZZD) is currently considered Fairly Valued. The stock's GF Value™ is R13.60, compared to a current price of R14.19 — trading 4.3% above its estimated fair value. The current EBIT is R1,679 Mil. Zeda's overall GF Score™ is 81/100 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 Zeda (JSE:ZZD), the current EBIT is R1,679 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 Zeda (JSE:ZZD) Overvalued in 2026?

Based on GuruFocus' analysis, Zeda stock appears to be overvalued. The current stock price of R14.19 is trading 4.3% above its estimated GF Value™ of R13.60. GuruFocus considers Zeda to be Fairly Valued.

Key valuation signals for JSE:ZZD:

  • EBIT: R1,679 Mil
  • GF Value™: R13.60 vs. price of R14.19 (4.3% above fair value)
  • GF Score™: 81/100 with 6 warning signs

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


Zeda Business Description

Other Exchanges LJ0:Germany
Address 2 Sysie Road, Croydon, Johannesburg, GT, ZAF, 1691
Zeda Ltd operates as a non-manufacturing integrated vehicle mobility solutions business, providing car rental, fleet management, and leasing solutions in South Africa and 10 other countries in Sub-Saharan Africa. It offers integrated vehicle-based mobility solutions through a fleet leasing and car rental platform, providing a full range of short-, medium-, and long-term mobility solutions to a broad range of customers. The Group operates in two segments: the Car Rental business segment, which provides short-term car rentals ranging from one day up to 12 months; and the Leasing Business segment, which provides long-term fleet solutions exceeding 12 months to corporate and public sector customers. The majority of revenue is derived from the Car Rental segment.
81GF Score

Get the complete analysis for JSE:ZZD

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

R14.19
Price
R13.60
GF Value