Hotung Investment Holdings (SGX:BLS) EBIT: S$11.79 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:BLS Hotung Investment Holdings Ltd SGX:BLS
68 GF Score
Price S$1.61
GF Value S$3.34
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Hotung Investment Holdings EBIT?

Hotung Investment Holdings SGX:BLS 68 EBIT is S$11.79 Mil as of Dec. 2025. GuruFocus rates SGX:BLS with a GF Score™ of 68/100 and a GF Value™ of S$3.34 (Possible Value Trap). The stock has 9 warning signs investors should review.

Hotung Investment Holdings's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2025 was S$20.19 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was S$11.79 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hotung Investment Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 19.32%. Hotung Investment Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3,728.72%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hotung Investment Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.61%.


Hotung Investment Holdings  (SGX:BLS) EBIT Explanation

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

Hotung Investment 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 )
=40.382 * ( 1 - 12.22% )/( (188.983 + 178.018)/ 2 )
=35.4473196/183.5005
=19.32 %

where

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:

Hotung Investment 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 )
=40.382/( ( (1.188 + max(-5.777, 0)) + (0.978 + max(-6.015, 0)) )/ 2 )
=40.382/( ( 1.188 + 0.978 )/ 2 )
=40.382/1.083
=3,728.72 %

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)
=(0.194 + 0 + 0) - (5.971 + 0 + 0)
=-5.777

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.542 + 0 + 0.14300000000001) - (1.955 + 0 + 4.745)
=-6.015

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=11.791/66.962
=17.61 %

* 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.


Hotung Investment Holdings EBIT Related Terms


Hotung Investment Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Hotung Investment 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.

Hotung Investment Holdings EBIT Chart

Hotung Investment 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 41.68 4.60 8.45 11.69 12.20

Hotung Investment 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 -2.81 1.14 10.56 -8.40 20.19

SGX:BLS vs BLK, BX, KKR: EBIT Comparison

For the Asset Management subindustry, Hotung Investment 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.


Hotung Investment Holdings EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Hotung Investment Holdings's EV-to-EBIT distribution charts can be found below:

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


SGX:BLS
68GF Score
Hotung Investment Holdings Ltd SGX:BLS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hotung Investment 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$11.79 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$11.79 Mil mean?
Hotung Investment Holdings (SGX:BLS) has a EBIT of S$11.79 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hotung Investment Holdings.
Is Hotung Investment Holdings' EBIT too high?
Hotung Investment Holdings' current EBIT is S$11.79 Mil. Overall, Hotung Investment Holdings has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hotung Investment Holdings' EBIT compare to BLK and BX?
Hotung Investment Holdings' EBIT of S$11.79 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good EBIT depends on the Asset Management 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 Hotung Investment Holdings. Hotung Investment Holdings's current EBIT is S$11.79 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotung Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hotung Investment Holdings (SGX:BLS) is currently considered Possible Value Trap. The stock's GF Value™ is S$3.34, compared to a current price of S$1.61 — trading 51.8% below its estimated fair value. The current EBIT is S$11.79 Mil. Hotung Investment Holdings' overall GF Score™ is 68/100 with 9 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 Hotung Investment Holdings (SGX:BLS), the current EBIT is S$11.79 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 Hotung Investment Holdings (SGX:BLS) Overvalued in 2026?

Based on GuruFocus' analysis, Hotung Investment Holdings stock appears to be undervalued. The current stock price of S$1.61 is trading 51.8% below its estimated GF Value™ of S$3.34. GuruFocus considers Hotung Investment Holdings to be Possible Value Trap.

Key valuation signals for SGX:BLS:

  • EBIT: S$11.79 Mil
  • GF Value™: S$3.34 vs. price of S$1.61 (51.8% below fair value)
  • GF Score™: 68/100 with 9 warning signs

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


Hotung Investment Holdings Business Description

Address 261, Sung-Chiang Road, 10th Floor, Taipei, TWN
Hotung Investment Holdings Ltd is a venture capital investment company. It focuses on start-up and expansion-stage companies mainly located in Taiwan, China, and Silicon Valley. The company operates through two segments namely Investment and Fund management. Its Investment segment derives majority revenue converges on achieving capital appreciation by investing in a balanced and diversified portfolio. The Fund management segment is involved in providing investment consultancy and advisory services to entities within the group.
68GF Score

Get the complete analysis for SGX:BLS

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

S$1.61
Price
S$3.34
GF Value