First Tractor Co (STU:FTP) EBIT: €0.4 Mil (TTM As of Dec. 2025)


STU:FTP First Tractor Co Ltd STU:FTP
83 GF Score
Price €0.71
GF Value €0.77
Valuation Fairly Valued
! 7 Warning Signs
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What is First Tractor Co EBIT?

First Tractor Co STU:FTP 83 EBIT is €0.4 Mil as of Dec. 2025. GuruFocus rates STU:FTP with a GF Score™ of 83/100 and a GF Value™ of €0.77 (Fairly Valued). The stock has 7 warning signs investors should review.

First Tractor Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was €-29.2 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Tractor Co's annualized ROC % for the quarter that ended in Dec. 2025 was -8.92%. First Tractor Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -20.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Tractor Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 0.04%.


First Tractor Co  (STU:FTP) EBIT Explanation

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

First Tractor Co'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-138.264 * ( 1 - 20.16% )/( (1200.786 + 1273.391)/ 2 )
=-110.3899776/1237.0885
=-8.92 %

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))
=1943.162 - 413.715 - ( 328.661 - max(0, 884.069 - 1313.67+328.661))
=1200.786

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))
=1830.602 - 294.211 - ( 376.793 - max(0, 737.012 - 1000.012+376.793))
=1273.391

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

First Tractor Co'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-116.648/( ( (285.935 + max(409.594, 0)) + (298.96 + max(169, 0)) )/ 2 )
=-116.648/( ( 695.529 + 467.96 )/ 2 )
=-116.648/581.7445
=-20.05 %

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)
=(203.642 + 131.413 + 623.407) - (413.715 + 0 + 135.153)
=409.594

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.623 + 139.16 + 410.967) - (294.211 + 0 + 126.539)
=169

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=0.352/858.818
=0.04 %

* 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.


First Tractor Co EBIT Related Terms


First Tractor Co EBIT Historical Data

* Premium members only.

The historical data trend for First Tractor 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.

First Tractor Co EBIT Chart

First Tractor 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 70.90 87.37 132.32 138.72 115.07

First Tractor Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 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 29.54 -34.34 0.00 29.51 -29.16

STU:FTP vs CAT, DE, PCAR: EBIT Comparison

For the Farm & Heavy Construction Machinery subindustry, First Tractor 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.


First Tractor Co EV-to-EBIT vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, First Tractor Co's EV-to-EBIT distribution charts can be found below:

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


STU:FTP
83GF Score
First Tractor Co Ltd STU:FTP
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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First Tractor 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.4 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 €0.4 Mil mean?
First Tractor Co (STU:FTP) has a EBIT of €0.4 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on First Tractor Co.
Is First Tractor Co's EBIT too high?
First Tractor Co's current EBIT is €0.4 Mil. Overall, First Tractor Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Tractor Co's EBIT compare to CAT and DE?
First Tractor Co's EBIT of €0.4 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good EBIT depends on the Farm & Heavy Construction Machinery 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 First Tractor Co. First Tractor Co's current EBIT is €0.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Tractor Co stock overvalued right now?
Based on GuruFocus' analysis, First Tractor Co (STU:FTP) is currently considered Fairly Valued. The stock's GF Value™ is €0.77, compared to a current price of €0.71 — trading 7.8% below its estimated fair value. The current EBIT is €0.4 Mil. First Tractor Co's overall GF Score™ is 83/100 with 7 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 First Tractor Co (STU:FTP), the current EBIT is €0.4 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 First Tractor Co (STU:FTP) Overvalued in 2026?

Based on GuruFocus' analysis, First Tractor Co stock appears to be undervalued. The current stock price of €0.71 is trading 7.8% below its estimated GF Value™ of €0.77. GuruFocus considers First Tractor Co to be Fairly Valued.

Key valuation signals for STU:FTP:

  • EBIT: €0.4 Mil
  • GF Value™: €0.77 vs. price of €0.71 (7.8% below fair value)
  • GF Score™: 83/100 with 7 warning signs

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


First Tractor Co Business Description

Address No. 154 Jianshe Road, Henan Province, Luoyang, CHN, 471004
First Tractor Co Ltd is an agricultural machinery and equipment manufacturing service provider in China. The company focuses on the R&D and manufacturing of medium and largesized tractors and their core components, accelerating the product upgrades towards high-end, intelligent and green technologies. The company has two reportable segments: agricultural machinery segment and power machinery segment. The agricultural machinery segment is responsible for the production and sales of agricultural tractors and harvesters. The power machinery segment is mainly responsible for the production and sales of diesel engines. The majority of the company's revenue is derived from the Agricultural machinery segment.
83GF Score

Get the complete analysis for STU:FTP

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

€0.71
Price
€0.77
GF Value