BCCMY (BAIC Motor) Operating Income: $1,235 Mil (TTM As of Dec. 2025)

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BCCMY BAIC Motor Corp Ltd BCCMY
55 GF Score
Price $1.14
GF Value $2.29
Valuation Possible Value Trap
! 5 Warning Signs
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What is BAIC Motor Operating Income?

BAIC Motor BCCMY 55 Operating Income is $1,235 Mil as of Dec. 2025. GuruFocus rates BCCMY with a GF Score™ of 55/100 and a GF Value™ of $2.29 (Possible Value Trap). The stock has 5 warning signs investors should review.

BAIC Motor's Operating Income for the six months ended in Dec. 2025 was $398 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $1,235 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BAIC Motor's Operating Income for the six months ended in Dec. 2025 was $398 Mil. BAIC Motor's Revenue for the six months ended in Dec. 2025 was $11,593 Mil. Therefore, BAIC Motor's Operating Margin % for the quarter that ended in Dec. 2025 was 3.43%.

Warning Sign:

BAIC Motor Corp Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -15.2%.

BAIC Motor's 5-Year average Growth Rate for Operating Margin % was -15.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BAIC Motor's annualized ROC % for the quarter that ended in Dec. 2025 was 3.17%. BAIC Motor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.03%.


BAIC Motor  (OTCPK:BCCMY) Operating Income Explanation

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

BAIC Motor'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: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=795.104 * ( 1 - 43.49% )/( (13625.072 + 14687.344)/ 2 )
=449.3132704/14156.208
=3.17 %

where

Invested Capital(Q: Jun. 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))
=22938.911 - 9341.044 - ( 3780.195 - max(0, 10700.641 - 10673.436+3780.195))
=13625.072

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))
=23640.556 - 9513.703 - ( 3317.581 - max(0, 11341.765 - 10781.274+3317.581))
=14687.344

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

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

BAIC Motor'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: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1056.424/( ( (6241.943 + max(-4159.316, 0)) + (6162.149 + max(-5136.333, 0)) )/ 2 )
=1056.424/( ( 6241.943 + 6162.149 )/ 2 )
=1056.424/6202.046
=17.03 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1560.886 + 4019.738 + 44.440000000001) - (9341.044 + 0 + 443.336)
=-4159.316

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1925.46 + 3067.423 + 346.644) - (9513.703 + 0 + 962.157)
=-5136.333

When net working capital is negative, 0 is used.

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

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

BAIC Motor'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 )
=397.552/11592.533
=3.43 %

* 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.


BAIC Motor Operating Income Related Terms


BAIC Motor Operating Income Historical Data

* Premium members only.

The historical data trend for BAIC Motor'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.

BAIC Motor Operating Income Chart

BAIC Motor Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,684.21 3,757.72 3,287.53 2,454.27 1,251.33

BAIC Motor Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income 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 1,516.19 1,504.26 955.38 837.47 397.55
BCCMY
55GF Score
BAIC Motor Corp Ltd BCCMY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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BAIC Motor 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.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1,235 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 $1,235 Mil mean?
BAIC Motor (BCCMY) has a Operating Income of $1,235 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BAIC Motor and its competitors.
Is BAIC Motor's Operating Income too high?
BAIC Motor's current Operating Income is $1,235 Mil. Overall, BAIC Motor has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BAIC Motor's Operating Income compare to TSLA and GM?
BAIC Motor's Operating Income of $1,235 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 BAIC Motor and its competitors. BAIC Motor's current Operating Income is $1,235 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BAIC Motor stock overvalued right now?
Based on GuruFocus' analysis, BAIC Motor (BCCMY) is currently considered Possible Value Trap. The stock's GF Value™ is $2.29, compared to a current price of $1.14 — trading 50.4% below its estimated fair value. The current Operating Income is $1,235 Mil. BAIC Motor's overall GF Score™ is 55/100 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 BAIC Motor (BCCMY), the current Operating Income is $1,235 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 BAIC Motor (BCCMY) Overvalued in 2026?

Based on GuruFocus' analysis, BAIC Motor stock appears to be undervalued. The current stock price of $1.14 is trading 50.4% below its estimated GF Value™ of $2.29. GuruFocus considers BAIC Motor to be Possible Value Trap.

Key valuation signals for BCCMY:

  • Operating Income: $1,235 Mil
  • GF Value™: $2.29 vs. price of $1.14 (50.4% below fair value)
  • GF Score™: 55/100 with 5 warning signs

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


BAIC Motor Business Description

Address No. 99 Shuanghe Street, A5-061, Unit 101, 5th Floor, Building No 1, Courtyard, Shunyi District, Beijing, CHN, 101300
BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of the company's revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand. The company has two reportable segments which are Oil-powered vehicles which involve manufacturing and sales of passenger vehicles of fuel, and providing other businesses and related services, and New energy vehicles which also includes manufacturing and sales of passenger vehicles of new energy, and providing other business and related services.
55GF Score

Get the complete analysis for BCCMY

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

$1.14
Price
$2.29
GF Value