Hwa Fong Rubber Ind Co (TPE:2109) EBIT: NT$620 Mil (TTM As of Sep. 2025)


TPE:2109 Hwa Fong Rubber Ind Co Ltd TPE:2109
73 GF Score
Price NT$14.55
GF Value NT$14.80
Valuation Fairly Valued
! 3 Warning Signs
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What is Hwa Fong Rubber Ind Co EBIT?

Hwa Fong Rubber Ind Co TPE:2109 -0.34% 73 EBIT is NT$620 Mil as of Sep. 2025. GuruFocus rates TPE:2109 with a GF Score™ of 73/100 and a GF Value™ of NT$14.80 (Fairly Valued). The stock has 3 warning signs investors should review.

Hwa Fong Rubber Ind Co's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2025 was NT$110 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2025 was NT$620 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hwa Fong Rubber Ind Co's annualized ROC % for the quarter that ended in Sep. 2025 was 4.58%. Hwa Fong Rubber Ind Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 12.12%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hwa Fong Rubber Ind Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 13.46%.


Hwa Fong Rubber Ind Co  (TPE:2109) EBIT Explanation

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

Hwa Fong Rubber Ind Co's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=254.988 * ( 1 - 19.26% )/( (4642.942 + 4346.854)/ 2 )
=205.8773112/4494.898
=4.58 %

where

Invested Capital(Q: Jun. 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))
=7632.456 - 525.365 - ( 2464.149 - max(0, 1404.891 - 4234.686+2464.149))
=4642.942

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))
=7785.121 - 614.874 - ( 2823.393 - max(0, 1580.163 - 4419.209+2823.393))
=4346.854

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

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

Hwa Fong Rubber Ind Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=439.028/( ( (2701.205 + max(1042.121, 0)) + (2734.019 + max(766.756, 0)) )/ 2 )
=439.028/( ( 3743.326 + 3500.775 )/ 2 )
=439.028/3622.0505
=12.12 %

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)
=(677.868 + 1001.321 + 52.425999999999) - (525.365 + 0 + 164.129)
=1042.121

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(495.747 + 992.517 + 66.340999999999) - (614.874 + 0 + 172.975)
=766.756

When net working capital is negative, 0 is used.

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

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

Hwa Fong Rubber Ind Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2025 )
=620.367/4608.459
=13.46 %

* 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.


Hwa Fong Rubber Ind Co EBIT Related Terms


Hwa Fong Rubber Ind Co EBIT Historical Data

* Premium members only.

The historical data trend for Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co EBIT Chart

Hwa Fong Rubber Ind Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 792.91 805.41 675.68 835.77 782.64

Hwa Fong Rubber Ind Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 68.41 251.63 180.17 78.81 109.76

TPE:2109 vs ORLY, AZO: EBIT Comparison

For the Auto Parts subindustry, Hwa Fong Rubber Ind 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.


Hwa Fong Rubber Ind Co EV-to-EBIT vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hwa Fong Rubber Ind Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hwa Fong Rubber Ind Co's EV-to-EBIT falls into.


TPE:2109
73GF Score
Hwa Fong Rubber Ind Co Ltd TPE:2109
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hwa Fong Rubber Ind 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 Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$620 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 NT$620 Mil mean?
Hwa Fong Rubber Ind Co (TPE:2109) has a EBIT of NT$620 Mil as of Sep. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hwa Fong Rubber Ind Co.
Is Hwa Fong Rubber Ind Co's EBIT too high?
Hwa Fong Rubber Ind Co's current EBIT is NT$620 Mil. Overall, Hwa Fong Rubber Ind Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hwa Fong Rubber Ind Co's EBIT compare to ORLY and AZO?
Hwa Fong Rubber Ind Co's EBIT of NT$620 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good EBIT depends on the Vehicles & Parts 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 Hwa Fong Rubber Ind Co. Hwa Fong Rubber Ind Co's current EBIT is NT$620 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwa Fong Rubber Ind Co stock overvalued right now?
Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co (TPE:2109) is currently considered Fairly Valued. The stock's GF Value™ is NT$14.80, compared to a current price of NT$14.55 — trading 1.7% below its estimated fair value. The current EBIT is NT$620 Mil. Hwa Fong Rubber Ind Co's overall GF Score™ is 73/100 with 3 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 Hwa Fong Rubber Ind Co (TPE:2109), the current EBIT is NT$620 Mil as of Sep. 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 Hwa Fong Rubber Ind Co (TPE:2109) Overvalued in 2026?

Based on GuruFocus' analysis, Hwa Fong Rubber Ind Co stock appears to be undervalued. The current stock price of NT$14.55 is trading 1.7% below its estimated GF Value™ of NT$14.80. GuruFocus considers Hwa Fong Rubber Ind Co to be Fairly Valued.

Key valuation signals for TPE:2109:

  • EBIT: NT$620 Mil
  • GF Value™: NT$14.80 vs. price of NT$14.55 (1.7% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the TPE:2109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hwa Fong Rubber Ind Co Business Description

Address No.300, Chung-Shan Road, Section 2, Ta-Tsun Township, Changhua County, Changhua, TWN, 515002
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company engaged in the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. The company is engaged in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks, and radial tires. The company's reportable segments from a geographical perspective are Taiwan, Thailand, the United States of America, China and Other areas. The company generates the majority of its revenue from Other Areas.
73GF Score

Get the complete analysis for TPE:2109

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

NT$14.55
Price
NT$14.80
GF Value