Old Chang Kee (SGX:5ML) EBIT: S$12.9 Mil (TTM As of Mar. 2026)

What is Old Chang Kee EBIT?

Old Chang Kee SGX:5ML -1.68% 45 EBIT is S$12.9 Mil as of Mar. 2026. GuruFocus rates SGX:5ML with a GF Score™ of 45/100 and a GF Value™ of S$0.80 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Old Chang Kee's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was S$6.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was S$12.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Old Chang Kee's annualized ROC % for the quarter that ended in Mar. 2026 was 19.92%. Old Chang Kee's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 35.00%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Old Chang Kee's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.00%.

Old Chang Kee (SGX:5ML) EBIT Explanation

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

Old Chang Kee'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 )
=	13.426 * ( 1 - 20.08% )	/	( (53.69	+	54.041)	/ 2 )
=	10.7300592	/	53.8655
=	19.92 %

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	))
=	99.278	-	10.013	-	( 53.674	-	max(0, 25.305	-	60.88	+	53.674	))
=	53.69

	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	))
=	103.264	-	10.913	-	( 57.916	-	max(0, 26.105	-	64.415	+	57.916	))
=	54.041

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:

Old Chang Kee'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 )
=	12.406	/	( ( (35.277 + max(-6.422, 0))	+	(35.623 + max(-8.021, 0)) )	/	2 )
=	12.406	/	( ( 35.277	+	35.623 )	/	2 )
=	12.406	/	35.45
=	35.00 %

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)
=	(0.486	+	1.429	+	5.291)	-	(10.013	+	0	+	3.615)
=	-6.422

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.492	+	1.465	+	4.542)	-	(10.913	+	0	+	3.607)
=	-8.021

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:

Old Chang Kee's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	12.877	/	107.299
	=	12.00 %

* 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.

Old Chang Kee EBIT Related Terms

Old Chang Kee EBIT Historical Data

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The historical data trend for Old Chang Kee's EBIT can be seen below:

Old Chang Kee EBIT Chart

Old Chang Kee Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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6.85

8.36

13.59

14.67

12.88

Old Chang Kee Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
EBIT	Get a 7-Day Free Trial															7.35	8.17	6.51	6.67	6.20

SGX:5ML vs MCD, SBUX, CMG: EBIT Comparison

For the Restaurants subindustry, Old Chang Kee'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.

Old Chang Kee EV-to-EBIT vs Restaurants Industry

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

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

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45GF Score

Old Chang Kee Ltd SGX:5ML

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Old Chang Kee 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 S$12.9 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of S$12.9 Mil mean?

Old Chang Kee (SGX:5ML) has a EBIT of S$12.9 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Old Chang Kee.

Is Old Chang Kee's EBIT too high?

Old Chang Kee's current EBIT is S$12.9 Mil. Overall, Old Chang Kee has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Old Chang Kee's EBIT compare to MCD and SBUX?

Old Chang Kee's EBIT of S$12.9 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 Old Chang Kee. Old Chang Kee's current EBIT is S$12.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Old Chang Kee stock overvalued right now?

Based on GuruFocus' analysis, Old Chang Kee (SGX:5ML) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.80, compared to a current price of S$1.17 — trading 46.3% above its estimated fair value. The current EBIT is S$12.9 Mil. Old Chang Kee's overall GF Score™ is 45/100 with 5 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 Old Chang Kee (SGX:5ML), the current EBIT is S$12.9 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 Old Chang Kee (SGX:5ML) Overvalued in 2026?

Based on GuruFocus' analysis, Old Chang Kee stock appears to be overvalued. The current stock price of S$1.17 is trading 46.3% above its estimated GF Value™ of S$0.80. GuruFocus considers Old Chang Kee to be Significantly Overvalued.

Key valuation signals for SGX:5ML:

EBIT: S$12.9 Mil
GF Value™: S$0.80 vs. price of S$1.17 (46.3% above fair value)
GF Score™: 45/100 with 5 warning signs

No single metric tells the full story. See the SGX:5ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Old Chang Kee Business Description

Industry Consumer Cyclical Restaurants

Comparable Companies SGX:42R SGX:533 SGX:43A SGX:YK9 SGX:596 SGX:DRX SGX:5OI SGX:540 SGX:KYB SGX:5KI MCD SBUX LSE:CPG CMG YUM TSX:QSR TSX:QSP.UN DRI YUMC TXRH

Address 2 Woodlands Terrace, Singapore, SGP, 738427

Website https://www.oldchangkee.com

Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and a majority of its revenue is derived from Singapore. The company is engaged in the manufacture and sale of food products under brands such as Old Chang Kee, the Curry Times, and Dip n Go.

45GF Score

Get the complete analysis for SGX:5ML

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

S$1.17

Price

S$0.80

GF Value

View SGX:5ML Analysis

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