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Lai Sun Development Co's EBITDA for the
six
months ended in Jan. 2026 was HK$-557 Mil.
Its EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 was HK$-2,794 Mil.
During the past 3 years, the average EBITDA Growth Rate was -60.00% per year.
During the past 5 years, the average EBITDA Growth Rate was -6.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA Growth Rate using EBITDA data.
During the past 13 years, the highest 3-Year average EBITDA Growth Rate of Lai Sun Development Co was 105.20% per year. The lowest was -60.00% per year. And the median was 2.00% per year.
Lai Sun Development Co's EBITDA per Share for the
six
months ended in Jan. 2026 was HK$-0.38.
Its EBITDA per share for the trailing twelve months (TTM) ended in Jan. 2026 was HK$-1.92.
During the past 3 years, the average EBITDA per Share Growth Rate was -37.50% per year.
During the past 5 years, the average EBITDA per Share Growth Rate was 10.70% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA per share growth rate using EBITDA per Share data.
During the past 13 years, the highest 3-Year average EBITDA per Share Growth Rate of Lai Sun Development Co was 56.50% per year. The lowest was -65.50% per year. And the median was -4.00% per year.
Lai Sun Development Co (HKSE:00488) EBITDA Explanation
EBITDA is a cash flow measure that ignores changes in working capital. EBITDA minus Depreciation, and Amortization (DA) equals Operating Income. Operating Income is profit before interest and taxes. Of course, Interest and taxes need to be paid.
While depreciation and amortization expenses do not need to be paid in cash, assets - especially tangible assets - do need to be replaced over time. EBITDA is not a measure of profit in any sense. EBITDA is a measure of cash generation by a business where the uses of that cash may be more or less discretionary depending on the nature of the business.
The EBITDA of a TV station is largely discretionary. Owners may use much of the EBITDA generated by a TV station as they see fit. The EBITDA of a railroad is largely non-discretionary. Owners must use much of the EBITDA generated by a railroad to replace the physical assets of the railroad or the business will literally fall apart over time.
EBITDA can be thought of as the cash a business generates that is available to:
Add more inventory
Add more receivables
Replace property, plant, and equipment
Add more property, plant, and equipment
Pay interest
Pay taxes
And finally: pay owners
EBITDA is widely used in financial analysis because Depreciation and Amortization are not present day cash expenses.. Depreciation and amortization are the spreading out of the costs of assets over the time in which those assets provide benefits. Today's depreciation and amortization expenses relate to assets bought in the past. The assets being expensed may or may not need to be replaced in the future. And the cost to replace the assets may be more or less than it was in the past. For this reason, the depreciation and amortization expenses a company records in the present year may have no relationship to the actual cash costs needed to maintain its assets in future years.
A company's depreciation expense depends on both its expectations about the assets it owns and its choice of accounting methods. Two companies owning identical assets may have different depreciation expenses because they have different expectations about the useful lives of those assets and because they make different accounting choices.
Analysts use EBITDA to remove this element of personal choice from a company's accounting statements. The use of EBITDA is an attempt to make the results of different companies more comparable and uniform.
Be Aware
Although depreciation is not a cash cost it is a real business cost because the company has to pay for the fixed assets when they purchase them. Both Warren Buffett and Charlie Munger hate the idea of EBITDA because in this calculation, depreciation is not counted as an expense.
EBITDA over Revenue is a good metric for comparing the operating efficiencies between companies because EBITDA is less vulnerable to companies' accounting choices. For this reason, EBITDA is used in ranking the Predictability of Companies. Also Price-to-EBITDA is sometimes used in valuations.
* 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.
Lai Sun Development Co EBITDA Competitor Comparison
For the Real Estate - Diversified subindustry, Lai Sun Development Co's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.
Lai Sun Development Co EV-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lai Sun Development Co's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Lai Sun Development Co's EV-to-EBITDA falls into.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.
Lai Sun Development Co's EBITDA for the fiscal year that ended in Jul. 2025 is calculated as
Lai Sun Development Co's EBITDA was directly provided by GuruFocus' data source Morningstar. For the fiscal year ended in Jul. 2025, Lai Sun Development Co's EBITDA was HK$-1,466 Mil.
Lai Sun Development Co's EBITDA for the quarter that ended in Jan. 2026 is calculated as
Lai Sun Development Co's EBITDA was directly provided by GuruFocus' data source Morningstar. For the quarter ended in Jan. 2026, Lai Sun Development Co's EBITDA was HK$-557 Mil.
EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-2,794 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sometimes companies may have already deducted Depreciation and Amortization from Gross Profit. In this case Depreciation and Amortization needs to be added back when calculating EBITDA.
Lai Sun Development Co (HKSE:00488) has a EBITDA of HK$-2,794 Mil as of Jan. 2026. Ebitda is the difference between operating revenue and operating expenses not including depreciation and amortization. View historical data on Lai Sun Development Co.
Is Lai Sun Development Co's EBITDA too high?
Lai Sun Development Co's current EBITDA is HK$-2,794 Mil. Overall, Lai Sun Development Co has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lai Sun Development Co's EBITDA compare to competitors?
Lai Sun Development Co's EBITDA of HK$-2,794 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA for a Real Estate company?
A good EBITDA depends on the Real Estate industry context. However, EBITDA 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 EBITDA mean?
A high EBITDA can signal that a stock is expensive relative to its fundamentals. Ebitda is the difference between operating revenue and operating expenses not including depreciation and amortization. View historical data on Lai Sun Development Co. Lai Sun Development Co's current EBITDA is HK$-2,794 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lai Sun Development Co stock overvalued right now?
Based on GuruFocus' analysis, Lai Sun Development Co (HKSE:00488) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.56, compared to a current price of HK$0.80 — trading 42.9% above its estimated fair value. The current EBITDA is HK$-2,794 Mil. Lai Sun Development Co's overall GF Score™ is 34/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA calculated?
EBITDA is calculated from a company's financial statements. For Lai Sun Development Co (HKSE:00488), the current EBITDA is HK$-2,794 Mil as of Jan. 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 Lai Sun Development Co (HKSE:00488) Overvalued in 2026?
Based on GuruFocus' analysis, Lai Sun Development Co stock appears to be overvalued.
The current stock price of HK$0.80 is trading 42.9% above its estimated GF Value™ of HK$0.56.
GuruFocus considers Lai Sun Development Co to be Significantly Overvalued.
Key valuation signals for HKSE:00488:
EBITDA: HK$-2,794 Mil
GF Value™: HK$0.56 vs. price of HK$0.80 (42.9% above fair value)
No single metric tells the full story. See the HKSE:00488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lai Sun Development Co Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in various reportable operating segments such as; property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation, and others. The property development and sales segment which derives a majority of its revenue, is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Mainland China and Macau, and the rest from Hong Kong, the United Kingdom, Vietnam, and other regions.
34GF Score
Get the complete analysis for HKSE:00488
EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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