Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Operating Income: د.إ120 Mil (TTM As of Dec. 2025)


ADX:ASM Al Seer Marine Supplies & Equipment PJSC ADX:ASM
68 GF Score
Price د.إ2.07
GF Value د.إ4.58
Valuation Possible Value Trap
! 5 Warning Signs
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What is Al Seer Marine Supplies & Equipment PJSC Operating Income?

Al Seer Marine Supplies & Equipment PJSC ADX:ASM -0.48% 68 Operating Income is د.إ120 Mil as of Dec. 2025. GuruFocus rates ADX:ASM with a GF Score™ of 68/100 and a GF Value™ of د.إ4.58 (Possible Value Trap). The stock has 5 warning signs investors should review.

Al Seer Marine Supplies & Equipment PJSC's Operating Income for the six months ended in Dec. 2025 was د.إ120 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was د.إ120 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Al Seer Marine Supplies & Equipment PJSC's Operating Income for the six months ended in Dec. 2025 was د.إ120 Mil. Al Seer Marine Supplies & Equipment PJSC's Revenue for the six months ended in Dec. 2025 was د.إ1,348 Mil. Therefore, Al Seer Marine Supplies & Equipment PJSC's Operating Margin % for the quarter that ended in Dec. 2025 was 8.88%.

Good Sign:

Al Seer Marine Supplies & Equipment PJSC operating margin is expanding. Margin expansion is usually a good sign.

Al Seer Marine Supplies & Equipment PJSC's 5-Year average Growth Rate for Operating Margin % was 3.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Al Seer Marine Supplies & Equipment PJSC's annualized ROC % for the quarter that ended in Dec. 2025 was 3.47%. Al Seer Marine Supplies & Equipment PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -11.31%.

Al Seer Marine Supplies & Equipment PJSC  (ADX:ASM) Operating Income Explanation

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

Al Seer Marine Supplies & Equipment PJSC'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: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=119.735 * ( 1 - 2.54% )/( (3741.4 + 2985.858)/ 2 )
=116.693731/3363.629
=3.47 %

where

Invested Capital(Q: Dec. 2024 )
=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))
=8387.906 - 118.765 - ( 5719.824 - max(0, 1713.472 - 6241.213+5719.824))
=3741.4

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))
=8028.706 - 104.235 - ( 5148.306 - max(0, 732.756 - 5671.369+5148.306))
=2985.858

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

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

Al Seer Marine Supplies & Equipment PJSC'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: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-223.701/( ( (1941.481 + max(143.703, 0)) + (1869.861 + max(-180.284, 0)) )/ 2 )
=-223.701/( ( 2085.184 + 1869.861 )/ 2 )
=-223.701/1977.5225
=-11.31 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(315.458 + 7.638 + 121.802) - (118.765 + 0 + 182.43)
=143.703

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(86.203 + 4.414 + 366.966) - (104.235 + 0 + 533.632)
=-180.284

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Al Seer Marine Supplies & Equipment PJSC's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=119.735/1348.178
=8.88 %

* 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.

4. 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 Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Al Seer Marine Supplies & Equipment PJSC Operating Income Related Terms

Al Seer Marine Supplies & Equipment PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for Al Seer Marine Supplies & Equipment PJSC's Operating Income 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.

Al Seer Marine Supplies & Equipment PJSC Operating Income Chart

Al Seer Marine Supplies & Equipment PJSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 54.61 96.38 106.68 98.14 119.74

Al Seer Marine Supplies & Equipment PJSC Semi-Annual Data
Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income Get a 7-Day Free Trial 54.61 96.38 106.68 98.14 119.74
ADX:ASM
68GF Score
Al Seer Marine Supplies & Equipment PJSC ADX:ASM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Seer Marine Supplies & Equipment PJSC Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was د.إ120 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 Operating Income →
What does a Operating Income of د.إ120 Mil mean?
Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) has a Operating Income of د.إ120 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Al Seer Marine Supplies & Equipment PJSC and its competitors.
Is Al Seer Marine Supplies & Equipment PJSC's Operating Income too high?
Al Seer Marine Supplies & Equipment PJSC's current Operating Income is د.إ120 Mil. Overall, Al Seer Marine Supplies & Equipment PJSC has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Al Seer Marine Supplies & Equipment PJSC's Operating Income compare to KEX?
Al Seer Marine Supplies & Equipment PJSC's Operating Income of د.إ120 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Transportation company?
A good Operating Income depends on the Transportation industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Al Seer Marine Supplies & Equipment PJSC and its competitors. Al Seer Marine Supplies & Equipment PJSC's current Operating Income is د.إ120 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Seer Marine Supplies & Equipment PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) is currently considered Possible Value Trap. The stock's GF Value™ is د.إ4.58, compared to a current price of د.إ2.07 — trading 54.8% below its estimated fair value. The current Operating Income is د.إ120 Mil. Al Seer Marine Supplies & Equipment PJSC's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Al Seer Marine Supplies & Equipment PJSC (ADX:ASM), the current Operating Income is د.إ120 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 Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Overvalued in 2026?

Based on GuruFocus' analysis, Al Seer Marine Supplies & Equipment PJSC stock appears to be undervalued. The current stock price of د.إ2.07 is trading 54.8% below its estimated GF Value™ of د.إ4.58. GuruFocus considers Al Seer Marine Supplies & Equipment PJSC to be Possible Value Trap.

Key valuation signals for ADX:ASM:

  • Operating Income: د.إ120 Mil
  • GF Value™: د.إ4.58 vs. price of د.إ2.07 (54.8% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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

Al Seer Marine Supplies & Equipment PJSC Business Description

Address Plot Number A-20, Sector MW-5, P.O. Box 33639, Mussafah Industrial City, Abu Dhabi, ARE
Al Seer Marine Supplies & Equipment PJSC is a maritime organization. Its service portfolio includes commercial shipping, yachting, boat building, large-scale 3D printing, unmanned vessel platforms and capabilities. The company has three segments, namely commercial shipping (commercial shipping, cargo, trade and maritime assets), yachting (management, maintenance, crewing and operations), IDT (3D printing, maintenance services, training, unmanned systems and capability development, construction & manufacturing new builds, boat building, ship building, naval architecture and engineering) and defense & security consultancy, unmanned systems, through life support and training). The majority of the company's revenue is derived from the Commercial shipping segment.
68GF Score

Get the complete analysis for ADX:ASM

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

د.إ2.07
Price
د.إ4.58
GF Value