SHS Holdings (SGX:566) EBIT: S$-10.4 Mil (TTM As of Dec. 2025)

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SGX:566 SHS Holdings Ltd SGX:566
27 GF Score
Price S$0.12
GF Value S$0.44
Valuation Possible Value Trap
! 4 Warning Signs
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What is SHS Holdings EBIT?

SHS Holdings SGX:566 -3.23% 27 EBIT is S$-10.4 Mil as of Dec. 2025. GuruFocus rates SGX:566 with a GF Score™ of 27/100 and a GF Value™ of S$0.44 (Possible Value Trap). The stock has 4 warning signs investors should review.

SHS Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was S$-8.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was S$-10.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SHS Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was -4.48%. SHS Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -13.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SHS Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -12.90%.


SHS Holdings  (SGX:566) EBIT Explanation

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

SHS 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 )
=-8.704 * ( 1 - 0% )/( (206.844 + 181.492)/ 2 )
=-8.704/194.168
=-4.48 %

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))
=360.034 - 119.539 - ( 63.358 - max(0, 143.287 - 202.29+63.358))
=181.492

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:

SHS 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 )
=-17.854/( ( (116.695 + max(-16.615, 0)) + (131.59 + max(7.453, 0)) )/ 2 )
=-17.854/( ( 116.695 + 139.043 )/ 2 )
=-17.854/127.869
=-13.96 %

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)
=(24.822 + 9.196 + 29.691) - (64.511 + 0 + 15.813)
=-16.615

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(115.541 + 13.09 + 3.51) - (119.539 + 0 + 5.149)
=7.453

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=-10.404/80.624
=-12.90 %

* 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.


SHS Holdings EBIT Related Terms


SHS Holdings EBIT Historical Data

* Premium members only.

The historical data trend for SHS 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.

SHS Holdings EBIT Chart

SHS 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 -2.56 6.44 4.33 3.65 -10.40

SHS 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 1.52 -0.53 4.18 -1.48 -8.93

SGX:566 vs CRS, ATI, MLI: EBIT Comparison

For the Metal Fabrication subindustry, SHS 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.


SHS Holdings EV-to-EBIT vs Industrial Products Industry

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

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


SGX:566
27GF Score
SHS Holdings Ltd SGX:566
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SHS 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 S$-10.4 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 S$-10.4 Mil mean?
SHS Holdings (SGX:566) has a EBIT of S$-10.4 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SHS Holdings.
Is SHS Holdings' EBIT too high?
SHS Holdings' current EBIT is S$-10.4 Mil. Overall, SHS Holdings has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SHS Holdings' EBIT compare to CRS and ATI?
SHS Holdings' EBIT of S$-10.4 Mil can be compared against companies in the Industrial 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 an Industrial Products company?
A good EBIT depends on the Industrial 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 SHS Holdings. SHS Holdings's current EBIT is S$-10.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHS Holdings stock overvalued right now?
Based on GuruFocus' analysis, SHS Holdings (SGX:566) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.44, compared to a current price of S$0.12 — trading 72.7% below its estimated fair value. The current EBIT is S$-10.4 Mil. SHS Holdings' overall GF Score™ is 27/100 with 4 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 SHS Holdings (SGX:566), the current EBIT is S$-10.4 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 SHS Holdings (SGX:566) Overvalued in 2026?

Based on GuruFocus' analysis, SHS Holdings stock appears to be undervalued. The current stock price of S$0.12 is trading 72.7% below its estimated GF Value™ of S$0.44. GuruFocus considers SHS Holdings to be Possible Value Trap.

Key valuation signals for SGX:566:

  • EBIT: S$-10.4 Mil
  • GF Value™: S$0.44 vs. price of S$0.12 (72.7% below fair value)
  • GF Score™: 27/100 with 4 warning signs

No single metric tells the full story. See the SGX:566 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SHS Holdings Business Description

Address 19 Tuas Avenue 20, Singapore, SGP, 638830
SHS Holdings Ltd is engaged in the design, engineering, and construction of steel, aluminium and glass structures. It is also engaged in corrosion prevention, structural steel and facade and solar energy operations. The company's segments include Corrosion prevention; Solar Energy; Engineering and Construction and Others. The Engineering & Construction segment, deriving the majority of the revenue, is engaged in the business of designing, engineering, and constructing steel, aluminium, and glass structures, and the design, construction, and manufacturing services in modular construction projects.
27GF Score

Get the complete analysis for SGX:566

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

S$0.12
Price
S$0.44
GF Value