Naturland Holding Zrt (BUD:NATURLAND) Operating Income: Ft2,086 Mil (TTM As of Jun. 2025)


BUD:NATURLAND Naturland Holding Zrt BUD:NATURLAND
61 GF Score
Price Ft2,800.00
GF Value Ft2,882.95
Valuation Fairly Valued
! 5 Warning Signs
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What is Naturland Holding Zrt Operating Income?

Naturland Holding Zrt BUD:NATURLAND -0.71% 61 Operating Income is Ft2,086 Mil as of Jun. 2025. GuruFocus rates BUD:NATURLAND with a GF Score™ of 61/100 and a GF Value™ of Ft2,882.95 (Fairly Valued). The stock has 5 warning signs investors should review.

Naturland Holding Zrt's Operating Income for the six months ended in Jun. 2025 was Ft1,053 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was Ft2,086 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Naturland Holding Zrt's Operating Income for the six months ended in Jun. 2025 was Ft1,053 Mil. Naturland Holding Zrt's Revenue for the six months ended in Jun. 2025 was Ft3,184 Mil. Therefore, Naturland Holding Zrt's Operating Margin % for the quarter that ended in Jun. 2025 was 33.07%.

Naturland Holding Zrt's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Naturland Holding Zrt's annualized ROC % for the quarter that ended in Jun. 2025 was 54.98%. Naturland Holding Zrt's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was 49.94%.

Naturland Holding Zrt  (BUD:NATURLAND) Operating Income Explanation

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

Naturland Holding Zrt's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

ROC % (Q: Jun. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Jun. 2025 ))/ count )
=2105.354 * ( 1 - 5.39% )/( (3635.458 + 3610.528)/ 2 )
=1991.8754194/3622.993
=54.98 %

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))
=4843.065 - 401.813 - ( 805.794 - max(0, 913.725 - 2542.755+805.794))
=3635.458

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))
=4370.448 - 446.059 - ( 313.861 - max(0, 949.79 - 2023.754+313.861))
=3610.528

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

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

Naturland Holding Zrt's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Jun. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1533.602/( ( (2258.476 + max(819.514, 0)) + (2293.658 + max(770.723, 0)) )/ 2 )
=1533.602/( ( 3077.99 + 3064.381 )/ 2 )
=1533.602/3071.1855
=49.94 %

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)
=(550.73 + 1141.832 + 12.167) - (401.813 + 0 + 483.402)
=819.514

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(518.44 + 1151.926 + 22.702) - (446.059 + 0 + 476.286)
=770.723

When net working capital is negative, 0 is used.

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

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

Naturland Holding Zrt's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2025 )/Revenue (Q: Jun. 2025 )
=1052.677/3183.528
=33.07 %

* 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.

Naturland Holding Zrt Operating Income Related Terms

Naturland Holding Zrt Operating Income Historical Data

* Premium members only.

The historical data trend for Naturland Holding Zrt'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.

Naturland Holding Zrt Operating Income Chart

Naturland Holding Zrt Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
194.80 1,394.41 1,667.20 1,690.83 2,006.33

Naturland Holding Zrt Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Operating Income Get a 7-Day Free Trial Premium Member Only 780.57 910.26 973.42 1,032.91 1,052.68
BUD:NATURLAND
61GF Score
Naturland Holding Zrt BUD:NATURLAND
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Naturland Holding Zrt 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was Ft2,086 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 Ft2,086 Mil mean?
Naturland Holding Zrt (BUD:NATURLAND) has a Operating Income of Ft2,086 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Naturland Holding Zrt and its competitors.
Is Naturland Holding Zrt's Operating Income too high?
Naturland Holding Zrt's current Operating Income is Ft2,086 Mil. Overall, Naturland Holding Zrt has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Naturland Holding Zrt's Operating Income compare to ZTS and UTHR?
Naturland Holding Zrt's Operating Income of Ft2,086 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Operating Income depends on the Drug Manufacturers 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 Naturland Holding Zrt and its competitors. Naturland Holding Zrt's current Operating Income is Ft2,086 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naturland Holding Zrt stock overvalued right now?
Based on GuruFocus' analysis, Naturland Holding Zrt (BUD:NATURLAND) is currently considered Fairly Valued. The stock's GF Value™ is Ft2,882.95, compared to a current price of Ft2,800.00 — trading 2.9% below its estimated fair value. The current Operating Income is Ft2,086 Mil. Naturland Holding Zrt's overall GF Score™ is 61/100 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 Naturland Holding Zrt (BUD:NATURLAND), the current Operating Income is Ft2,086 Mil as of Jun. 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 Naturland Holding Zrt (BUD:NATURLAND) Overvalued in 2026?

Based on GuruFocus' analysis, Naturland Holding Zrt stock appears to be undervalued. The current stock price of Ft2,800.00 is trading 2.9% below its estimated GF Value™ of Ft2,882.95. GuruFocus considers Naturland Holding Zrt to be Fairly Valued.

Key valuation signals for BUD:NATURLAND:

  • Operating Income: Ft2,086 Mil
  • GF Value™: Ft2,882.95 vs. price of Ft2,800.00 (2.9% below fair value)
  • GF Score™: 61/100 with 5 warning signs

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

Naturland Holding Zrt Business Description

Address Csillagvirag utca 8, Budapest, HUN, 1106
Naturland Holding Zrt thro9ugh its subsidiaries engage in the production of pharmaceutical products. It engages in the development, production, and wholesale of dietary supplements and cosmetics, herbal medicine, teas, and essential oils. The firm offers tablets, suppositories, ointments, and ophthalmic base solutions.
61GF Score

Get the complete analysis for BUD:NATURLAND

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

Ft2,800.00
Price
Ft2,882.95
GF Value