Fraser & Neave Holdings Bhd (XKLS:3689) EBIT: RM653 Mil (TTM As of Mar. 2026)


XKLS:3689 Fraser & Neave Holdings Bhd XKLS:3689
87 GF Score
Price RM28.18
GF Value RM28.05
Valuation Fairly Valued
! 2 Warning Signs
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What is Fraser & Neave Holdings Bhd EBIT?

Fraser & Neave Holdings Bhd XKLS:3689 +2.85% 87 EBIT is RM653 Mil as of Mar. 2026. GuruFocus rates XKLS:3689 with a GF Score™ of 87/100 and a GF Value™ of RM28.05 (Fairly Valued). The stock has 2 warning signs investors should review.

Fraser & Neave Holdings Bhd's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was RM152 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was RM653 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fraser & Neave Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 9.19%. Fraser & Neave Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.96%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Fraser & Neave Holdings Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.29%.


Fraser & Neave Holdings Bhd  (XKLS:3689) EBIT Explanation

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

Fraser & Neave Holdings Bhd'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 )
=600.088 * ( 1 - 35.07% )/( (4220.572 + 4254.737)/ 2 )
=389.6371384/4237.6545
=9.19 %

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))
=5848.023 - 1001.337 - ( 626.114 - max(0, 1289.355 - 2340.75+626.114))
=4220.572

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))
=5785.775 - 924.913 - ( 606.125 - max(0, 1310.594 - 2261.553+606.125))
=4254.737

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

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

Fraser & Neave Holdings Bhd'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 )
=608.536/( ( (2780.244 + max(599.38, 0)) + (2790.747 + max(607.995, 0)) )/ 2 )
=608.536/( ( 3379.624 + 3398.742 )/ 2 )
=608.536/3389.183
=17.96 %

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)
=(931.067 + 783.569 + 0) - (1001.337 + 0 + 113.919)
=599.38

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(888.059 + 767.369 + 0) - (924.913 + 0 + 122.52)
=607.995

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=652.992/10378.518
=6.29 %

* 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 & Neave Holdings Bhd EBIT Related Terms


Fraser & Neave Holdings Bhd EBIT Historical Data

* Premium members only.

The historical data trend for Fraser & Neave Holdings Bhd'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 & Neave Holdings Bhd EBIT Chart

Fraser & Neave Holdings Bhd 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 482.49 459.59 659.93 732.66 765.51

Fraser & Neave Holdings Bhd 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 198.49 140.51 177.50 182.85 152.13

XKLS:3689 vs KO, PEP, MNST: EBIT Comparison

For the Beverages - Non-Alcoholic subindustry, Fraser & Neave Holdings Bhd'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 & Neave Holdings Bhd EV-to-EBIT vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fraser & Neave Holdings Bhd's EV-to-EBIT distribution charts can be found below:

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


XKLS:3689
87GF Score
Fraser & Neave Holdings Bhd XKLS:3689
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Fraser & Neave Holdings Bhd 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 RM653 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 RM653 Mil mean?
Fraser & Neave Holdings Bhd (XKLS:3689) has a EBIT of RM653 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Fraser & Neave Holdings Bhd.
Is Fraser & Neave Holdings Bhd's EBIT too high?
Fraser & Neave Holdings Bhd's current EBIT is RM653 Mil. Overall, Fraser & Neave Holdings Bhd has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fraser & Neave Holdings Bhd's EBIT compare to KO and PEP?
Fraser & Neave Holdings Bhd's EBIT of RM653 Mil can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good EBIT depends on the Beverages - Non-Alcoholic 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 & Neave Holdings Bhd. Fraser & Neave Holdings Bhd's current EBIT is RM653 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser & Neave Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd (XKLS:3689) is currently considered Fairly Valued. The stock's GF Value™ is RM28.05, compared to a current price of RM28.18 — trading 0.5% above its estimated fair value. The current EBIT is RM653 Mil. Fraser & Neave Holdings Bhd's overall GF Score™ is 87/100 with 2 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 & Neave Holdings Bhd (XKLS:3689), the current EBIT is RM653 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 & Neave Holdings Bhd (XKLS:3689) Overvalued in 2026?

Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd stock appears to be overvalued. The current stock price of RM28.18 is trading 0.5% above its estimated GF Value™ of RM28.05. GuruFocus considers Fraser & Neave Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:3689:

  • EBIT: RM653 Mil
  • GF Value™: RM28.05 vs. price of RM28.18 (0.5% above fair value)
  • GF Score™: 87/100 with 2 warning signs

No single metric tells the full story. See the XKLS:3689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fraser & Neave Holdings Bhd Business Description

Address No. 1 Jalan Bukit Belimbing 26/38, Persiaran Kuala Selangor, Seksyen 26, Shah Alam, SGR, MYS, 40400
Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand and operates through four main segments: F&B Malaysia, which generates maximum revenue, F&B Thailand, Property, and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Its core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N Seasons, F&N Ice Mountain, and others. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree, among others. Geographically, the company derives a majority of its revenue from Southeast Asia and the rest from other regions.
87GF Score

Get the complete analysis for XKLS:3689

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

RM28.18
Price
RM28.05
GF Value