Hengyuan Refining Co Bhd (XKLS:4324) EBIT: RM667 Mil (TTM As of Mar. 2026)


XKLS:4324 Hengyuan Refining Co Bhd XKLS:4324
59 GF Score
Price RM1.03
GF Value RM1.19
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hengyuan Refining Co Bhd EBIT?

Hengyuan Refining Co Bhd XKLS:4324 +1.98% 59 EBIT is RM667 Mil as of Mar. 2026. GuruFocus rates XKLS:4324 with a GF Score™ of 59/100 and a GF Value™ of RM1.19 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Hengyuan Refining Co Bhd's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was RM552 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was RM667 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Hengyuan Refining Co Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 66.60%. Hengyuan Refining Co Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 111.37%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Hengyuan Refining Co Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 49.05%.


Hengyuan Refining Co Bhd  (XKLS:4324) EBIT Explanation

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

Hengyuan Refining Co 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 )
=2197.984 * ( 1 - 0% )/( (3192.772 + 3407.933)/ 2 )
=2197.984/3300.3525
=66.60 %

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))
=4303.268 - 1777.379 - ( 905.763 - max(0, 2958.017 - 2291.134+905.763))
=3192.772

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))
=5750.455 - 2750.951 - ( 527.278 - max(0, 4110.744 - 3702.315+527.278))
=3407.933

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

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

Hengyuan Refining Co 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 )
=2206.564/( ( (1999.466 + max(-504.812, 0)) + (1963.279 + max(-17.153, 0)) )/ 2 )
=2206.564/( ( 1999.466 + 1963.279 )/ 2 )
=2206.564/1981.3725
=111.37 %

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)
=(484.27 + 833.768 + 61.104) - (1777.379 + 0 + 106.575)
=-504.812

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1754.165 + 1095.959 + 170.88) - (2750.951 + 0 + 287.206)
=-17.153

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:

Hengyuan Refining Co Bhd's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=667.368/1360.462
=49.05 %

* 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.


Hengyuan Refining Co Bhd EBIT Related Terms


Hengyuan Refining Co Bhd EBIT Historical Data

* Premium members only.

The historical data trend for Hengyuan Refining Co 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.

Hengyuan Refining Co Bhd EBIT Chart

Hengyuan Refining Co Bhd 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 141.59 -338.29 -386.09 -216.89 -20.06

Hengyuan Refining Co 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 -135.79 -47.07 59.03 103.77 551.64

XKLS:4324 vs VLO, MPC, PSX: EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co 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.


Hengyuan Refining Co Bhd EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hengyuan Refining Co Bhd's EV-to-EBIT falls into.


XKLS:4324
59GF Score
Hengyuan Refining Co Bhd XKLS:4324
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Hengyuan Refining Co 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 RM667 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 RM667 Mil mean?
Hengyuan Refining Co Bhd (XKLS:4324) has a EBIT of RM667 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Hengyuan Refining Co Bhd.
Is Hengyuan Refining Co Bhd's EBIT too high?
Hengyuan Refining Co Bhd's current EBIT is RM667 Mil. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's EBIT compare to VLO and MPC?
Hengyuan Refining Co Bhd's EBIT of RM667 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good EBIT depends on the Oil & Gas 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 Hengyuan Refining Co Bhd. Hengyuan Refining Co Bhd's current EBIT is RM667 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.19, compared to a current price of RM1.03 — trading 13.4% below its estimated fair value. The current EBIT is RM667 Mil. Hengyuan Refining Co Bhd's overall GF Score™ is 59/100 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 Hengyuan Refining Co Bhd (XKLS:4324), the current EBIT is RM667 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 Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?

Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be undervalued. The current stock price of RM1.03 is trading 13.4% below its estimated GF Value™ of RM1.19. GuruFocus considers Hengyuan Refining Co Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4324:

  • EBIT: RM667 Mil
  • GF Value™: RM1.19 vs. price of RM1.03 (13.4% below fair value)
  • GF Score™: 59/100 with 2 warning signs

No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hengyuan Refining Co Bhd Business Description

Industry EnergyOil & Gas
Address Jalan Pantai, Batu 1, Port Dickson, NSN, MYS, 71000
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
59GF Score

Get the complete analysis for XKLS:4324

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

RM1.03
Price
RM1.19
GF Value