Fraser and Neave (STU:FNV2) EBIT: €212 Mil (TTM As of Mar. 2026)


STU:FNV2 Fraser and Neave Ltd STU:FNV2
77 GF Score
Price €0.94
GF Value €0.86
! 8 Warning Signs
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What is Fraser and Neave EBIT?

Fraser and Neave STU:FNV2 -1.05% 77 EBIT is €212 Mil as of Mar. 2026. GuruFocus rates STU:FNV2 with a GF Score™ of 77/100 and a GF Value™ of €0.86. The stock has 8 warning signs investors should review.

Fraser and Neave's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was €120 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €212 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fraser and Neave's annualized ROC % for the quarter that ended in Mar. 2026 was 3.84%. Fraser and Neave's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 25.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fraser and Neave's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.44%.


Fraser and Neave  (STU:FNV2) EBIT Explanation

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

Fraser and Neave'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 )
=161.832 * ( 1 - 28.68% )/( (2930.382 + 3087.327)/ 2 )
=115.4185824/3008.8545
=3.84 %

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))
=3338.53 - 215.769 - ( 241.067 - max(0, 572.398 - 764.777+241.067))
=2930.382

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))
=3646.221 - 347.329 - ( 226.228 - max(0, 580.291 - 791.856+226.228))
=3087.327

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:

Fraser and Neave'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 )
=240.608/( ( (765.294 + max(174.99, 0)) + (794.958 + max(129.775, 0)) )/ 2 )
=240.608/( ( 940.284 + 924.733 )/ 2 )
=240.608/932.5085
=25.80 %

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)
=(213.128 + 209.313 + 87.243) - (215.769 + 0 + 118.925)
=174.99

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(246.961 + 221.475 + 31.056) - (347.329 + 0 + 22.388)
=129.775

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:

Fraser and Neave's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=211.558/2508.011
=8.44 %

* 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.


Fraser and Neave EBIT Related Terms


Fraser and Neave EBIT Historical Data

* Premium members only.

The historical data trend for Fraser and Neave'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.

Fraser and Neave EBIT Chart

Fraser and Neave Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 160.99 163.02 179.42 214.82 203.88

Fraser and Neave 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 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 115.98 97.50 118.02 91.25 120.30

STU:FNV2 vs KHC, GIS: EBIT Comparison

For the Packaged Foods subindustry, Fraser and Neave'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.


Fraser and Neave EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fraser and Neave's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fraser and Neave's EV-to-EBIT falls into.


STU:FNV2
77GF Score
Fraser and Neave Ltd STU:FNV2
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fraser and Neave 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 €212 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 €212 Mil mean?
Fraser and Neave (STU:FNV2) has a EBIT of €212 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fraser and Neave.
Is Fraser and Neave's EBIT too high?
Fraser and Neave's current EBIT is €212 Mil. Overall, Fraser and Neave has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Fraser and Neave's EBIT compare to KHC and GIS?
Fraser and Neave's EBIT of €212 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods 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 Fraser and Neave. Fraser and Neave's current EBIT is €212 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser and Neave stock overvalued right now?
Fraser and Neave (STU:FNV2) has a current EBIT of €212 Mil. The stock's GF Value™ is €0.86, compared to a current price of €0.94 — trading 9.3% above its estimated fair value. The current EBIT is €212 Mil. Fraser and Neave's overall GF Score™ is 77/100 with 8 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 Fraser and Neave (STU:FNV2), the current EBIT is €212 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 Fraser and Neave (STU:FNV2) Overvalued in 2026?

Based on GuruFocus' analysis, Fraser and Neave stock appears to be overvalued. The current stock price of €0.94 is trading 9.3% above its estimated GF Value™ of €0.86.

Key valuation signals for STU:FNV2:

  • EBIT: €212 Mil
  • GF Value™: €0.86 vs. price of €0.94 (9.3% above fair value)
  • GF Score™: 77/100 with 8 warning signs

No single metric tells the full story. See the STU:FNV2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fraser and Neave Business Description

Other Exchanges FNEVF:USAF99:Singapore
Address 438 Alexandra Road, Number 20-00 Alexandra Point, Singapore, SGP, 119958
Fraser and Neave Ltd is a Singapore-based company that operates through four segments: dairies, beverages, publishing and printing industries, and others. The dairy segment generates the majority of total revenue by manufacturing, marketing, and selling dairy products. The beverages segment is the next contributor to total revenue through the production and selling of soft drinks and alcoholic beverages. The publishing and printing business operates through a network of offices, printing plants, and distributors. The company mainly operates in Singapore, Malaysia, and Thailand.
77GF Score

Get the complete analysis for STU:FNV2

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

€0.94
Price
€0.86
GF Value