Hwang Chang General Contractor Co (TPE:2543) EBIT: NT$1,914 Mil (TTM As of Dec. 2025)

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TPE:2543 Hwang Chang General Contractor Co Ltd TPE:2543
80 GF Score
Price NT$39.55
GF Value NT$33.50
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Hwang Chang General Contractor Co EBIT?

Hwang Chang General Contractor Co TPE:2543 +2.20% 80 EBIT is NT$1,914 Mil as of Dec. 2025. GuruFocus rates TPE:2543 with a GF Score™ of 80/100 and a GF Value™ of NT$33.50 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Hwang Chang General Contractor Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2025 was NT$523 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1,914 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hwang Chang General Contractor Co's annualized ROC % for the quarter that ended in Dec. 2025 was 11.51%. Hwang Chang General Contractor Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 20.99%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hwang Chang General Contractor Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.89%.


Hwang Chang General Contractor Co  (TPE:2543) EBIT Explanation

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

Hwang Chang General Contractor 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 )
=2049.996 * ( 1 - 18% )/( (14241.516 + 14959.605)/ 2 )
=1680.99672/14600.5605
=11.51 %

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))
=19469.999 - 3294.711 - ( 3287.638 - max(0, 7810.915 - 9744.687+3287.638))
=14241.516

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))
=20431.423 - 3952.345 - ( 3543.877 - max(0, 8268.691 - 9788.164+3543.877))
=14959.605

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

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

Hwang Chang General Contractor 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 )
=2092.54/( ( (9511.033 + max(-2875.729, 0)) + (10423.318 + max(-3197.864, 0)) )/ 2 )
=2092.54/( ( 9511.033 + 10423.318 )/ 2 )
=2092.54/9967.1755
=20.99 %

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)
=(2347.743 + 8.83 + 728.97) - (3294.711 + 0 + 2666.561)
=-2875.729

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1762.845 + 8.841 + 761.25) - (3952.345 + 0 + 1778.455)
=-3197.864

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:

Hwang Chang General Contractor Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2025 )
=1914.246/21520.606
=8.89 %

* 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.


Hwang Chang General Contractor Co EBIT Related Terms


Hwang Chang General Contractor Co EBIT Historical Data

* Premium members only.

The historical data trend for Hwang Chang General Contractor 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.

Hwang Chang General Contractor Co EBIT Chart

Hwang Chang General Contractor 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 483.82 368.88 779.98 2,651.48 1,914.25

Hwang Chang General Contractor Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 888.88 397.79 446.84 546.48 523.14

TPE:2543 vs PWR, FIX, EME: EBIT Comparison

For the Engineering & Construction subindustry, Hwang Chang General Contractor 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.


Hwang Chang General Contractor Co EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Hwang Chang General Contractor Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hwang Chang General Contractor Co's EV-to-EBIT falls into.


TPE:2543
80GF Score
Hwang Chang General Contractor Co Ltd TPE:2543
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hwang Chang General Contractor 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 NT$1,914 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$1,914 Mil mean?
Hwang Chang General Contractor Co (TPE:2543) has a EBIT of NT$1,914 Mil as of Dec. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hwang Chang General Contractor Co.
Is Hwang Chang General Contractor Co's EBIT too high?
Hwang Chang General Contractor Co's current EBIT is NT$1,914 Mil. Overall, Hwang Chang General Contractor Co has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hwang Chang General Contractor Co's EBIT compare to PWR and FIX?
Hwang Chang General Contractor Co's EBIT of NT$1,914 Mil can be compared against companies in the Construction 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 Construction company?
A good EBIT depends on the Construction 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 Hwang Chang General Contractor Co. Hwang Chang General Contractor Co's current EBIT is NT$1,914 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hwang Chang General Contractor Co stock overvalued right now?
Based on GuruFocus' analysis, Hwang Chang General Contractor Co (TPE:2543) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$33.50, compared to a current price of NT$39.55 — trading 18.1% above its estimated fair value. The current EBIT is NT$1,914 Mil. Hwang Chang General Contractor Co's overall GF Score™ is 80/100 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 Hwang Chang General Contractor Co (TPE:2543), the current EBIT is NT$1,914 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 Hwang Chang General Contractor Co (TPE:2543) Overvalued in 2026?

Based on GuruFocus' analysis, Hwang Chang General Contractor Co stock appears to be overvalued. The current stock price of NT$39.55 is trading 18.1% above its estimated GF Value™ of NT$33.50. GuruFocus considers Hwang Chang General Contractor Co to be Modestly Overvalued.

Key valuation signals for TPE:2543:

  • EBIT: NT$1,914 Mil
  • GF Value™: NT$33.50 vs. price of NT$39.55 (18.1% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the TPE:2543 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hwang Chang General Contractor Co Business Description

Address Tanmei Street, No. 539, 23rd Floor, Neihu District, Taipei, TWN, 114
Hwang Chang General Contractor Co Ltd is mainly engaged in the contracting business of civil engineering projects. It undertakes projects like the construction of bridges, metro stations, parking lots, residential complexes, highways, etc. The company's reportable segments are Construction and Concrete. A majority of its revenue is generated from the Construction segment, which is mainly engaged in the contracting business of civil engineering projects. The Concrete segment is mainly engaged in the manufacturing and selling business of ready-mix concrete.
80GF Score

Get the complete analysis for TPE:2543

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

NT$39.55
Price
NT$33.50
GF Value