CBOAF (Cobram Estate Olives) Operating Income: $33.3 Mil (TTM As of Dec. 2025)


CBOAF Cobram Estate Olives Ltd CBOAF
32 GF Score
Price $2.88
GF Value $1.82
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Cobram Estate Olives Operating Income?

Cobram Estate Olives CBOAF 32 Operating Income is $33.3 Mil as of Dec. 2025. GuruFocus rates CBOAF with a GF Score™ of 32/100 and a GF Value™ of $1.82 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Cobram Estate Olives's Operating Income for the six months ended in Dec. 2025 was $-14.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $33.3 Mil.

Warning Sign:

Cobram Estate Olives Ltd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cobram Estate Olives's Operating Income for the six months ended in Dec. 2025 was $-14.2 Mil. Cobram Estate Olives's Revenue for the six months ended in Dec. 2025 was $77.6 Mil. Therefore, Cobram Estate Olives's Operating Margin % for the quarter that ended in Dec. 2025 was -18.30%.

Cobram Estate Olives'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. Cobram Estate Olives's annualized ROC % for the quarter that ended in Dec. 2025 was -5.20%. Cobram Estate Olives's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -1.63%.

Cobram Estate Olives  (OTCPK:CBOAF) Operating Income Explanation

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

Cobram Estate Olives'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 )
=-28.398 * ( 1 - 4.89% )/( (497.585 + 540.654)/ 2 )
=-27.0093378/519.1195
=-5.20 %

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))
=528.563 - 28.365 - ( 2.613 - max(0, 51.438 - 121.169+2.613))
=497.585

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))
=576.959 - 34.126 - ( 2.179 - max(0, 48.969 - 129.855+2.179))
=540.654

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:

Cobram Estate Olives'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 )
=-8.174/( ( (401.844 + max(73.391, 0)) + (441.205 + max(86.169, 0)) )/ 2 )
=-8.174/( ( 475.235 + 527.374 )/ 2 )
=-8.174/501.3045
=-1.63 %

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)
=(9.313 + 97.053 + 9.377) - (28.365 + 10.197 + 3.79)
=73.391

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.187 + 87.083 + 25.406) - (34.126 + 3.613 + 3.768)
=86.169

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 %:

Cobram Estate Olives'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 )
=-14.199/77.588
=-18.30 %

* 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.

Cobram Estate Olives Operating Income Related Terms

Cobram Estate Olives Operating Income Historical Data

* Premium members only.

The historical data trend for Cobram Estate Olives'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.

Cobram Estate Olives Operating Income Chart

Cobram Estate Olives Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Operating Income
-9.35 -0.21 11.31 41.38

Cobram Estate Olives Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.78 20.02 -5.97 47.52 -14.20
CBOAF
32GF Score
Cobram Estate Olives Ltd CBOAF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cobram Estate Olives 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 $33.3 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 $33.3 Mil mean?
Cobram Estate Olives (CBOAF) has a Operating Income of $33.3 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Cobram Estate Olives and its competitors.
Is Cobram Estate Olives' Operating Income too high?
Cobram Estate Olives' current Operating Income is $33.3 Mil. Overall, Cobram Estate Olives has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cobram Estate Olives' Operating Income compare to KHC and GIS?
Cobram Estate Olives' Operating Income of $33.3 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Cobram Estate Olives and its competitors. Cobram Estate Olives's current Operating Income is $33.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cobram Estate Olives stock overvalued right now?
Based on GuruFocus' analysis, Cobram Estate Olives (CBOAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.82, compared to a current price of $2.88 — trading 58.2% above its estimated fair value. The current Operating Income is $33.3 Mil. Cobram Estate Olives' overall GF Score™ is 32/100 with 6 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 Cobram Estate Olives (CBOAF), the current Operating Income is $33.3 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 Cobram Estate Olives (CBOAF) Overvalued in 2026?

Based on GuruFocus' analysis, Cobram Estate Olives stock appears to be overvalued. The current stock price of $2.88 is trading 58.2% above its estimated GF Value™ of $1.82. GuruFocus considers Cobram Estate Olives to be Significantly Overvalued.

Key valuation signals for CBOAF:

  • Operating Income: $33.3 Mil
  • GF Value™: $1.82 vs. price of $2.88 (58.2% above fair value)
  • GF Score™: 32/100 with 6 warning signs

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

Cobram Estate Olives Business Description

Other Exchanges JX9:GermanyCBO:Australia
Address 151 Broderick Road, Corio, Lara, VIC, AUS, 3212
Cobram Estate Olives Ltd is a producer and marketer of premium quality extra virgin olive oil. It owns the two Australian extra virgin olive oil brands, Cobram Estate and Red Island. The company's geographical segment includes Australia; United States of America and Innovation and value-added products. It derives a majority of revenue from Australian operations.
32GF Score

Get the complete analysis for CBOAF

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

$2.88
Price
$1.82
GF Value