NDGPY (Nine Dragons Paper (Holdings)) EBIT: $830 Mil (TTM As of Dec. 2025)


NDGPY Nine Dragons Paper (Holdings) Ltd NDGPY
73 GF Score
Price $16.75
GF Value $12.54
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Nine Dragons Paper (Holdings) EBIT?

Nine Dragons Paper (Holdings) NDGPY 73 EBIT is $830 Mil as of Dec. 2025. GuruFocus rates NDGPY with a GF Score™ of 73/100 and a GF Value™ of $12.54 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Nine Dragons Paper (Holdings)'s earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was $490 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was $830 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Nine Dragons Paper (Holdings)'s annualized ROC % for the quarter that ended in Dec. 2025 was 4.27%. Nine Dragons Paper (Holdings)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Nine Dragons Paper (Holdings)'s Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 6.05%.


Nine Dragons Paper (Holdings)  (OTCPK:NDGPY) EBIT Explanation

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

Nine Dragons Paper (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 )
=935.978 * ( 1 - 16.22% )/( (18222.722 + 18480.922)/ 2 )
=784.1623684/18351.822
=4.27 %

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))
=20756.249 - 2206.745 - ( 1569.694 - max(0, 4521.86 - 4848.642+1569.694))
=18222.722

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))
=21138.476 - 2211.188 - ( 883.471 - max(0, 4016.8 - 4463.166+883.471))
=18480.922

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:

Nine Dragons Paper (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 )
=980.588/( ( (15258.294 + max(-352.607, 0)) + (16454.092 + max(-265.528, 0)) )/ 2 )
=980.588/( ( 15258.294 + 16454.092 )/ 2 )
=980.588/15856.193
=6.18 %

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)
=(449.372 + 1455.349 + 40.184999999999) - (2206.745 + 0 + 90.767999999999)
=-352.607

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(518.379 + 1474.66 + 63.759) - (2211.188 + 0 + 111.138)
=-265.528

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=830.182/13720.968
=6.05 %

* 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.


Nine Dragons Paper (Holdings) EBIT Related Terms


Nine Dragons Paper (Holdings) EBIT Historical Data

* Premium members only.

The historical data trend for Nine Dragons Paper (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.

Nine Dragons Paper (Holdings) EBIT Chart

Nine Dragons Paper (Holdings) 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 1,415.32 618.54 -224.72 377.83 581.05

Nine Dragons Paper (Holdings) 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 174.18 206.41 237.84 339.89 490.29

Nine Dragons Paper (Holdings) EBIT Competitor Comparison

For the Paper & Paper Products subindustry, Nine Dragons Paper (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.


Nine Dragons Paper (Holdings) EV-to-EBIT vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s EV-to-EBIT falls into.


NDGPY
73GF Score
Nine Dragons Paper (Holdings) Ltd NDGPY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Nine Dragons Paper (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 $830 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 $830 Mil mean?
Nine Dragons Paper (Holdings) (NDGPY) has a EBIT of $830 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Nine Dragons Paper (Holdings).
Is Nine Dragons Paper (Holdings)'s EBIT too high?
Nine Dragons Paper (Holdings)'s current EBIT is $830 Mil. Overall, Nine Dragons Paper (Holdings) has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nine Dragons Paper (Holdings)'s EBIT compare to competitors?
Nine Dragons Paper (Holdings)'s EBIT of $830 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good EBIT depends on the Forest Products 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 Nine Dragons Paper (Holdings). Nine Dragons Paper (Holdings)'s current EBIT is $830 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Dragons Paper (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) (NDGPY) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.54, compared to a current price of $16.75 — trading 33.6% above its estimated fair value. The current EBIT is $830 Mil. Nine Dragons Paper (Holdings)'s overall GF Score™ is 73/100 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 Nine Dragons Paper (Holdings) (NDGPY), the current EBIT is $830 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 Nine Dragons Paper (Holdings) (NDGPY) Overvalued in 2026?

Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) stock appears to be overvalued. The current stock price of $16.75 is trading 33.6% above its estimated GF Value™ of $12.54. GuruFocus considers Nine Dragons Paper (Holdings) to be Significantly Overvalued.

Key valuation signals for NDGPY:

  • EBIT: $830 Mil
  • GF Value™: $12.54 vs. price of $16.75 (33.6% above fair value)
  • GF Score™: 73/100 with 6 warning signs

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


Nine Dragons Paper (Holdings) Business Description

Other Exchanges NDGPF:USA02689:Hong Kong
Address No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
73GF Score

Get the complete analysis for NDGPY

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

$16.75
Price
$12.54
GF Value