Information and Communication Networks PCL (BKK:ICN) Operating Income: ฿210 Mil (TTM As of Jun. 2026)

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BKK:ICN Information and Communication Networks PCL BKK:ICN
77 GF Score
Price ฿2.20
GF Value ฿3.54
Valuation Possible Value Trap
! 8 Warning Signs
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What is Information and Communication Networks PCL Operating Income?

Information and Communication Networks PCL BKK:ICN 77 Operating Income is ฿210 Mil as of Jun. 2026. GuruFocus rates BKK:ICN with a GF Score™ of 77/100 and a GF Value™ of ฿3.54 (Possible Value Trap). The stock has 8 warning signs investors should review.

Information and Communication Networks PCL's Operating Income for the three months ended in Jun. 2026 was ฿81 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ฿210 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Information and Communication Networks PCL's Operating Income for the three months ended in Jun. 2026 was ฿81 Mil. Information and Communication Networks PCL's Revenue for the three months ended in Jun. 2026 was ฿890 Mil. Therefore, Information and Communication Networks PCL's Operating Margin % for the quarter that ended in Jun. 2026 was 9.10%.

Good Sign:

Information and Communication Networks PCL operating margin is expanding. Margin expansion is usually a good sign.

Information and Communication Networks PCL's 5-Year average Growth Rate for Operating Margin % was 4.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Information and Communication Networks PCL's annualized ROC % for the quarter that ended in Jun. 2026 was 14.14%. Information and Communication Networks PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 119.79%.


Information and Communication Networks PCL  (BKK:ICN) Operating Income Explanation

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

Information and Communication Networks PCL's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=323.848 * ( 1 - 19.58% )/( (1650.195 + 2034.4)/ 2 )
=260.4385616/1842.2975
=14.14 %

where

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))
=2699.509 - 1187.45 - ( 79.221 - max(0, 1709.982 - 1571.846+79.221))
=1650.195

Invested Capital(Q: Jun. 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))
=3330.79 - 1397.708 - ( 128.039 - max(0, 1849.379 - 1748.061+128.039))
=2034.4

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

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

Information and Communication Networks PCL's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=323.48/( ( (289.662 + max(-534.311, 0)) + (250.423 + max(-747.298, 0)) )/ 2 )
=323.48/( ( 289.662 + 250.423 )/ 2 )
=323.48/270.0425
=119.79 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(264.69 + 209.675 + 214.966) - (1187.45 + 14.048 + 22.144)
=-534.311

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(343.341 + 186.906 + 158.335) - (1397.708 + 10.562 + 27.61)
=-747.298

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Information and Communication Networks PCL's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=80.962/889.899
=9.10 %

* 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.


Information and Communication Networks PCL Operating Income Related Terms


Information and Communication Networks PCL Operating Income Historical Data

* Premium members only.

The historical data trend for Information and Communication Networks PCL'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.

Information and Communication Networks PCL Operating Income Chart

Information and Communication Networks PCL 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 197.51 167.21 220.00 187.18 128.27

Information and Communication Networks PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 38.41 33.30 22.86 72.57 80.96
BKK:ICN
77GF Score
Information and Communication Networks PCL BKK:ICN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Information and Communication Networks PCL 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿210 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 ฿210 Mil mean?
Information and Communication Networks PCL (BKK:ICN) has a Operating Income of ฿210 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Information and Communication Networks PCL and its competitors.
Is Information and Communication Networks PCL's Operating Income too high?
Information and Communication Networks PCL's current Operating Income is ฿210 Mil. Overall, Information and Communication Networks PCL has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Information and Communication Networks PCL's Operating Income compare to VZ and TMUS?
Information and Communication Networks PCL's Operating Income of ฿210 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Operating Income depends on the Telecommunication Services 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 Information and Communication Networks PCL and its competitors. Information and Communication Networks PCL's current Operating Income is ฿210 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Information and Communication Networks PCL stock overvalued right now?
Based on GuruFocus' analysis, Information and Communication Networks PCL (BKK:ICN) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.54, compared to a current price of ฿2.20 — trading 37.9% below its estimated fair value. The current Operating Income is ฿210 Mil. Information and Communication Networks PCL's overall GF Score™ is 77/100 with 8 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 Information and Communication Networks PCL (BKK:ICN), the current Operating Income is ฿210 Mil as of Jun. 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 Information and Communication Networks PCL (BKK:ICN) Overvalued in 2026?

Based on GuruFocus' analysis, Information and Communication Networks PCL stock appears to be undervalued. The current stock price of ฿2.20 is trading 37.9% below its estimated GF Value™ of ฿3.54. GuruFocus considers Information and Communication Networks PCL to be Possible Value Trap.

Key valuation signals for BKK:ICN:

  • Operating Income: ฿210 Mil
  • GF Value™: ฿3.54 vs. price of ฿2.20 (37.9% below fair value)
  • GF Score™: 77/100 with 8 warning signs

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


Information and Communication Networks PCL Business Description

Address Number 393, Sukhonthasawat Road, D.K.J. Building, 5th Floor, Latphrao Sub-district, Latphrao District, Bangkok, THA, 10230
Information and Communication Networks PCL is Engaged in telecommunications engineering business for government agencies, state enterprises and private companies. Its operations are carried only in Thailand. The Company is considered a full-service system integrator. The Company is able to provide design and installation services for telecommunication networks (Telecommunication System), which is a system in which the Company has expertise, as well as providing design and installation services for construction and other electrical systems (Construction and Electrical Systems). In addition, the Company also provides sales services for replacement equipment (Supply) and maintenance services for telecommunication networks (Maintenance).
77GF Score

Get the complete analysis for BKK:ICN

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

฿2.20
Price
฿3.54
GF Value