Sincere Security (ROCO:6721) EBIT: NT$137 Mil (TTM As of Mar. 2026)

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ROCO:6721 Sincere Security Corp Ltd ROCO:6721
90 GF Score
Price NT$52.00
GF Value NT$67.55
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Sincere Security EBIT?

Sincere Security ROCO:6721 +1.17% 90 EBIT is NT$137 Mil as of Mar. 2026. GuruFocus rates ROCO:6721 with a GF Score™ of 90/100 and a GF Value™ of NT$67.55 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Sincere Security's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was NT$42 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was NT$137 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sincere Security's annualized ROC % for the quarter that ended in Mar. 2026 was 31.74%. Sincere Security's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 44.69%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sincere Security's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.51%.


Sincere Security  (ROCO:6721) EBIT Explanation

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

Sincere Security'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 )
=167.82 * ( 1 - 20.04% )/( (326.802 + 518.709)/ 2 )
=134.188872/422.7555
=31.74 %

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))
=1239.273 - 490.396 - ( 422.075 - max(0, 540.23 - 1066.95+422.075))
=326.802

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))
=1194.994 - 357.308 - ( 318.977 - max(0, 458.99 - 1021.766+318.977))
=518.709

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

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

Sincere Security'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 )
=168.704/( ( (137.682 + max(141.221, 0)) + (136.043 + max(340.027, 0)) )/ 2 )
=168.704/( ( 278.903 + 476.07 )/ 2 )
=168.704/377.4865
=44.69 %

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)
=(615.31 + 0 + 29.565) - (490.396 + 0 + 13.258)
=141.221

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(681.532 + 0 + 21.257) - (357.308 + 0 + 5.454)
=340.027

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=136.875/1094.340
=12.51 %

* 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.


Sincere Security EBIT Related Terms


Sincere Security EBIT Historical Data

* Premium members only.

The historical data trend for Sincere Security'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.

Sincere Security EBIT Chart

Sincere Security Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only 139.16 86.31 96.42 126.79 132.75

Sincere Security 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 38.05 32.95 40.38 21.37 42.18

ROCO:6721 vs CTAS, CPRT, GPN: EBIT Comparison

For the Specialty Business Services subindustry, Sincere Security'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.


Sincere Security EV-to-EBIT vs Business Services Industry

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

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


ROCO:6721
90GF Score
Sincere Security Corp Ltd ROCO:6721
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sincere Security 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 NT$137 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 NT$137 Mil mean?
Sincere Security (ROCO:6721) has a EBIT of NT$137 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Sincere Security.
Is Sincere Security's EBIT too high?
Sincere Security's current EBIT is NT$137 Mil. Overall, Sincere Security has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Security's EBIT compare to CTAS and CPRT?
Sincere Security's EBIT of NT$137 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 Sincere Security. Sincere Security's current EBIT is NT$137 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Security stock overvalued right now?
Based on GuruFocus' analysis, Sincere Security (ROCO:6721) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$67.55, compared to a current price of NT$52.00 — trading 23% below its estimated fair value. The current EBIT is NT$137 Mil. Sincere Security's overall GF Score™ is 90/100 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 Sincere Security (ROCO:6721), the current EBIT is NT$137 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 Sincere Security (ROCO:6721) Overvalued in 2026?

Based on GuruFocus' analysis, Sincere Security stock appears to be undervalued. The current stock price of NT$52.00 is trading 23% below its estimated GF Value™ of NT$67.55. GuruFocus considers Sincere Security to be Modestly Undervalued.

Key valuation signals for ROCO:6721:

  • EBIT: NT$137 Mil
  • GF Value™: NT$67.55 vs. price of NT$52.00 (23% below fair value)
  • GF Score™: 90/100 with 3 warning signs

No single metric tells the full story. See the ROCO:6721 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sincere Security Business Description

Address Room 5, 2nd Floor, 201 Heping Street, Hsinchu County, Zhubei, TWN
Sincere Security Corp Ltd is a Taiwan based company involved in property management, cleaning services, mechanical and electrical air-conditioning maintenance and security monitoring. It provides services at science parks, hypermarkets, commercial buildings, schools, golf courses, villas and residential areas, and government units.
90GF Score

Get the complete analysis for ROCO:6721

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

NT$52.00
Price
NT$67.55
GF Value