Hainan Airlines Holding Co (SHSE:600221) EBIT: ¥8,092 Mil (TTM As of Mar. 2026)


SHSE:600221 Hainan Airlines Holding Co Ltd SHSE:600221
67 GF Score
Price ¥1.39
GF Value ¥1.79
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hainan Airlines Holding Co EBIT?

Hainan Airlines Holding Co SHSE:600221 -2.80% 67 EBIT is ¥8,092 Mil as of Mar. 2026. GuruFocus rates SHSE:600221 with a GF Score™ of 67/100 and a GF Value™ of ¥1.79 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Hainan Airlines Holding Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥2,677 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥8,092 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hainan Airlines Holding Co's annualized ROC % for the quarter that ended in Mar. 2026 was 4.63%. Hainan Airlines Holding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.22%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hainan Airlines Holding Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.25%.


Hainan Airlines Holding Co  (SHSE:600221) EBIT Explanation

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

Hainan Airlines Holding Co'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 )
=6648.928 * ( 1 - 0.1% )/( (143509.224 + 143247.985)/ 2 )
=6642.279072/143378.6045
=4.63 %

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))
=152285.31 - 20659.663 - ( 13953.016 - max(0, 45435.306 - 33551.729+13953.016))
=143509.224

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))
=150173.784 - 17490.309 - ( 12065.308 - max(0, 42581.475 - 32016.965+12065.308))
=143247.985

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

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

Hainan Airlines Holding Co'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 )
=10708.372/( ( (87872.353 + max(-13561.409, 0)) + (87389.788 + max(-10123.08, 0)) )/ 2 )
=10708.372/( ( 87872.353 + 87389.788 )/ 2 )
=10708.372/87631.0705
=12.22 %

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)
=(4192.463 + 2347.361 + 3936.358) - (20659.663 + 0 + 3377.928)
=-13561.409

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4476.174 + 2525.475 + 4261.561) - (17490.309 + 0 + 3895.981)
=-10123.08

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:

Hainan Airlines Holding Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=8092.11/154036.607
=5.25 %

* 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.


Hainan Airlines Holding Co EBIT Related Terms


Hainan Airlines Holding Co EBIT Historical Data

* Premium members only.

The historical data trend for Hainan Airlines Holding Co'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.

Hainan Airlines Holding Co EBIT Chart

Hainan Airlines Holding Co 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 6,880.99 -23,325.04 3,554.40 2,862.96 6,677.68

Hainan Airlines Holding Co 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 1,262.66 796.92 4,016.06 602.04 2,677.09

SHSE:600221 vs DAL, UAL, LUV: EBIT Comparison

For the Airlines subindustry, Hainan Airlines Holding Co'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.


Hainan Airlines Holding Co EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Hainan Airlines Holding Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hainan Airlines Holding Co's EV-to-EBIT falls into.


SHSE:600221
67GF Score
Hainan Airlines Holding Co Ltd SHSE:600221
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hainan Airlines Holding Co 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 ¥8,092 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 ¥8,092 Mil mean?
Hainan Airlines Holding Co (SHSE:600221) has a EBIT of ¥8,092 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hainan Airlines Holding Co.
Is Hainan Airlines Holding Co's EBIT too high?
Hainan Airlines Holding Co's current EBIT is ¥8,092 Mil. Overall, Hainan Airlines Holding Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hainan Airlines Holding Co's EBIT compare to DAL and UAL?
Hainan Airlines Holding Co's EBIT of ¥8,092 Mil can be compared against companies in the Transportation 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 Transportation company?
A good EBIT depends on the Transportation 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 Hainan Airlines Holding Co. Hainan Airlines Holding Co's current EBIT is ¥8,092 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Airlines Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Airlines Holding Co (SHSE:600221) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥1.79, compared to a current price of ¥1.39 — trading 22.3% below its estimated fair value. The current EBIT is ¥8,092 Mil. Hainan Airlines Holding Co's overall GF Score™ is 67/100 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 Hainan Airlines Holding Co (SHSE:600221), the current EBIT is ¥8,092 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 Hainan Airlines Holding Co (SHSE:600221) Overvalued in 2026?

Based on GuruFocus' analysis, Hainan Airlines Holding Co stock appears to be undervalued. The current stock price of ¥1.39 is trading 22.3% below its estimated GF Value™ of ¥1.79. GuruFocus considers Hainan Airlines Holding Co to be Modestly Undervalued.

Key valuation signals for SHSE:600221:

  • EBIT: ¥8,092 Mil
  • GF Value™: ¥1.79 vs. price of ¥1.39 (22.3% below fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the SHSE:600221 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hainan Airlines Holding Co Business Description

Other Exchanges 900945:China
Address No. 9 Meilan Airport Road, Building 21, Comprehensive Office Building, Hainan Airlines Haikou Meilan Base, Meilan District, Hainan Province, Haikou, CHN, 571126
Hainan Airlines Holding Co Ltd is an airline company. The company is engaged in operating approved domestic air passenger and cargo transportation business, as well as business charter flight business to neighboring countries and regions. It is also engaged in the production of in-flight supplies, aviation equipment, aviation ground equipment and spare parts, terminal services and operations, and provides insurance agency services.
67GF Score

Get the complete analysis for SHSE:600221

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

¥1.39
Price
¥1.79
GF Value