SPIC Hydropower Co (SHSE:600292) EBIT: ¥2,396 Mil (TTM As of Mar. 2026)


SHSE:600292 SPIC Hydropower Co Ltd SHSE:600292
42 GF Score
Price ¥12.56
GF Value ¥4.50
Valuation Significantly Overvalued
! 5 Warning Signs
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What is SPIC Hydropower Co EBIT?

SPIC Hydropower Co SHSE:600292 -2.48% 42 EBIT is ¥2,396 Mil as of Mar. 2026. GuruFocus rates SHSE:600292 with a GF Score™ of 42/100 and a GF Value™ of ¥4.50 (Significantly Overvalued). The stock has 5 warning signs investors should review.

SPIC Hydropower Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥714 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥2,396 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SPIC Hydropower Co's annualized ROC % for the quarter that ended in Mar. 2026 was 4.04%. SPIC Hydropower Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SPIC Hydropower Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.76%.


SPIC Hydropower Co  (SHSE:600292) EBIT Explanation

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

SPIC Hydropower 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 )
=2823.352 * ( 1 - 9.93% )/( (63121.985 + 62752.741)/ 2 )
=2542.9931464/62937.363
=4.04 %

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))
=63565.729 - 11290.871 - ( 801.115 - max(0, 21478.672 - 10631.545+801.115))
=63121.985

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))
=64761.635 - 11314.37 - ( 1046.937 - max(0, 21537.503 - 12232.027+1046.937))
=62752.741

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

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

SPIC Hydropower 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 )
=2856.764/( ( (48092.876 + max(-7944.754, 0)) + (47788.135 + max(-6983.699, 0)) )/ 2 )
=2856.764/( ( 48092.876 + 47788.135 )/ 2 )
=2856.764/47940.5055
=5.96 %

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)
=(2926.422 + 191.672 + 541.856) - (11290.871 + 0 + 313.833)
=-7944.754

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3615.405 + 300.345 + 792.062) - (11314.37 + 0 + 377.141)
=-6983.699

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:

SPIC Hydropower Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=2396.26/86970.667
=2.76 %

* 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.


SPIC Hydropower Co EBIT Related Terms


SPIC Hydropower Co EBIT Historical Data

* Premium members only.

The historical data trend for SPIC Hydropower 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.

SPIC Hydropower Co EBIT Chart

SPIC Hydropower 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 209.44 122.83 179.34 2,029.00 2,693.16

SPIC Hydropower 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 1,011.09 -938.38 69.12 2,551.33 714.19

SHSE:600292 vs NEE, SO, DUK: EBIT Comparison

For the Utilities - Regulated Electric subindustry, SPIC Hydropower 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.


SPIC Hydropower Co EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, SPIC Hydropower Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SPIC Hydropower Co's EV-to-EBIT falls into.


SHSE:600292
42GF Score
SPIC Hydropower Co Ltd SHSE:600292
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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SPIC Hydropower 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 ¥2,396 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 ¥2,396 Mil mean?
SPIC Hydropower Co (SHSE:600292) has a EBIT of ¥2,396 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SPIC Hydropower Co.
Is SPIC Hydropower Co's EBIT too high?
SPIC Hydropower Co's current EBIT is ¥2,396 Mil. Overall, SPIC Hydropower Co has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPIC Hydropower Co's EBIT compare to NEE and SO?
SPIC Hydropower Co's EBIT of ¥2,396 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good EBIT depends on the Utilities - Regulated 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 SPIC Hydropower Co. SPIC Hydropower Co's current EBIT is ¥2,396 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPIC Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, SPIC Hydropower Co (SHSE:600292) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.50, compared to a current price of ¥12.56 — trading 179.1% above its estimated fair value. The current EBIT is ¥2,396 Mil. SPIC Hydropower Co's overall GF Score™ is 42/100 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 SPIC Hydropower Co (SHSE:600292), the current EBIT is ¥2,396 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 SPIC Hydropower Co (SHSE:600292) Overvalued in 2026?

Based on GuruFocus' analysis, SPIC Hydropower Co stock appears to be overvalued. The current stock price of ¥12.56 is trading 179.1% above its estimated GF Value™ of ¥4.50. GuruFocus considers SPIC Hydropower Co to be Significantly Overvalued.

Key valuation signals for SHSE:600292:

  • EBIT: ¥2,396 Mil
  • GF Value™: ¥4.50 vs. price of ¥12.56 (179.1% above fair value)
  • GF Score™: 42/100 with 5 warning signs

No single metric tells the full story. See the SHSE:600292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SPIC Hydropower Co Business Description

Address No. 10, Huanghuan North Road, Building 1, Liangjiang New Area, Chongqing, CHN, 401122
SPIC Hydropower Co Ltd is engaged in energy and ecological integration activities, with a focus on hydropower generation and the integrated development and operation of river basin hydropower and new energy projects. Its business scope includes the provision of technical services, technology development and consultation, technology exchange and transfer, and technology promotion.
42GF Score

Get the complete analysis for SHSE:600292

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

¥12.56
Price
¥4.50
GF Value