Ultimate Products (CHIX:ULTPL) Operating Income: £7.2 Mil (TTM As of Jan. 2026)

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CHIX:ULTPL Ultimate Products PLC CHIX:ULTPL
64 GF Score
Price £0.48
GF Value £1.12
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Ultimate Products Operating Income?

Ultimate Products CHIX:ULTPL 64 Operating Income is £7.2 Mil as of Jan. 2026. GuruFocus rates CHIX:ULTPL with a GF Score™ of 64/100 and a GF Value™ of £1.12 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Ultimate Products's Operating Income for the six months ended in Jan. 2026 was £3.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was £7.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ultimate Products's Operating Income for the six months ended in Jan. 2026 was £3.3 Mil. Ultimate Products's Revenue for the six months ended in Jan. 2026 was £74.5 Mil. Therefore, Ultimate Products's Operating Margin % for the quarter that ended in Jan. 2026 was 4.41%.

Good Sign:

Ultimate Products PLC operating margin is expanding. Margin expansion is usually a good sign.

Ultimate Products's 5-Year average Growth Rate for Operating Margin % was 0.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ultimate Products's annualized ROC % for the quarter that ended in Jan. 2026 was 6.45%. Ultimate Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 22.01%.


Ultimate Products  (CHIX:ULTPl) Operating Income Explanation

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

Ultimate Products's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=6.562 * ( 1 - 28.68% )/( (77.572 + 67.501)/ 2 )
=4.6800184/72.5365
=6.45 %

where

Note: The Operating Income data used here is two times the semi-annual (Jan. 2026) data.

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

Ultimate Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6.56/( ( (5.8 + max(26.735, 0)) + (5.314 + max(21.762, 0)) )/ 2 )
=6.56/( ( 32.535 + 27.076 )/ 2 )
=6.56/29.8055
=22.01 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(25.779 + 32.452 + 0.067) - (24.598 + 0 + 6.965)
=26.735

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(23.84 + 36.044 + 0.194) - (36.682 + 0 + 1.634)
=21.762

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jan. 2026) EBIT data.

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

Ultimate Products's Operating Margin % for the quarter that ended in Jan. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jan. 2026 )/Revenue (Q: Jan. 2026 )
=3.281/74.45
=4.41 %

* 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.


Ultimate Products Operating Income Related Terms


Ultimate Products Operating Income Historical Data

* Premium members only.

The historical data trend for Ultimate Products'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.

Ultimate Products Operating Income Chart

Ultimate Products Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.03 16.28 17.12 15.69 9.70

Ultimate Products Semi-Annual Data
Jul15 Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 10.09 5.61 5.81 3.89 3.28
CHIX:ULTPL
64GF Score
Ultimate Products PLC CHIX:ULTPL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ultimate Products 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was £7.2 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 £7.2 Mil mean?
Ultimate Products (CHIX:ULTPL) has a Operating Income of £7.2 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ultimate Products and its competitors.
Is Ultimate Products' Operating Income too high?
Ultimate Products' current Operating Income is £7.2 Mil. Overall, Ultimate Products has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Products' Operating Income compare to SN and SGI?
Ultimate Products' Operating Income of £7.2 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances 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 Ultimate Products and its competitors. Ultimate Products's current Operating Income is £7.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Products stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Products (CHIX:ULTPL) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.12, compared to a current price of £0.48 — trading 57.5% below its estimated fair value. The current Operating Income is £7.2 Mil. Ultimate Products' overall GF Score™ is 64/100 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 Ultimate Products (CHIX:ULTPL), the current Operating Income is £7.2 Mil as of Jan. 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 Ultimate Products (CHIX:ULTPL) Overvalued in 2026?

Based on GuruFocus' analysis, Ultimate Products stock appears to be undervalued. The current stock price of £0.48 is trading 57.5% below its estimated GF Value™ of £1.12. GuruFocus considers Ultimate Products to be Significantly Undervalued.

Key valuation signals for CHIX:ULTPL:

  • Operating Income: £7.2 Mil
  • GF Value™: £1.12 vs. price of £0.48 (57.5% below fair value)
  • GF Score™: 64/100 with 6 warning signs

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


Ultimate Products Business Description

Other Exchanges ULTP:UK3DJ:Germany
Address Victoria Street, Manor Mill, Chadderton, Oldham, Manchester, GBR, OL9 0DD
Ultimate Products PLC designs, develops and distributes homeware products across its key brands, including the household names Salter and Beldray. Its other brands include Progress, Kleenez, Petra, Maxim, Russell Hobbs, and Intempo among others. The company sells products across different categories, such as small domestic appliances, housewares, laundry, audio, and heating and cooling. Its products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers. Geographically, the company derives its key revenue from the United Kingdom and the rest from Germany, Rest of Europe and the Rest of the world.
64GF Score

Get the complete analysis for CHIX:ULTPL

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

£0.48
Price
£1.12
GF Value