Emirates Integrated Telecommunications Co PJSC (DFM:DU) Operating Income: د.إ5,613 Mil (TTM As of Mar. 2026)


DFM:DU Emirates Integrated Telecommunications Co PJSC DFM:DU
76 GF Score
Price د.إ12.24
GF Value د.إ8.45
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Emirates Integrated Telecommunications Co PJSC Operating Income?

Emirates Integrated Telecommunications Co PJSC DFM:DU 76 Operating Income is د.إ5,613 Mil as of Mar. 2026. GuruFocus rates DFM:DU with a GF Score™ of 76/100 and a GF Value™ of د.إ8.45 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Emirates Integrated Telecommunications Co PJSC's Operating Income for the three months ended in Mar. 2026 was د.إ1,554 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was د.إ5,613 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Emirates Integrated Telecommunications Co PJSC's Operating Income for the three months ended in Mar. 2026 was د.إ1,554 Mil. Emirates Integrated Telecommunications Co PJSC's Revenue for the three months ended in Mar. 2026 was د.إ4,114 Mil. Therefore, Emirates Integrated Telecommunications Co PJSC's Operating Margin % for the quarter that ended in Mar. 2026 was 37.76%.

Good Sign:

Emirates Integrated Telecommunications Co PJSC operating margin is expanding. Margin expansion is usually a good sign.

Emirates Integrated Telecommunications Co PJSC's 5-Year average Growth Rate for Operating Margin % was 30.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Emirates Integrated Telecommunications Co PJSC's annualized ROC % for the quarter that ended in Mar. 2026 was 39.22%. Emirates Integrated Telecommunications Co PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 51.28%.


Emirates Integrated Telecommunications Co PJSC  (DFM:DU) Operating Income Explanation

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

Emirates Integrated Telecommunications Co PJSC's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=6214.624 * ( 1 - 5.6% )/( (15083.432 + 14834.35)/ 2 )
=5866.605056/14958.891
=39.22 %

where

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))
=19375.709 - 5960.805 - ( 2249.719 - max(0, 7222.68 - 5554.152+2249.719))
=15083.432

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))
=20222.191 - 7972.804 - ( 2944.784 - max(0, 9084.4 - 6499.437+2944.784))
=14834.35

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

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

Emirates Integrated Telecommunications Co PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6017.912/( ( (11804.162 + max(-3353.587, 0)) + (11668.628 + max(-4983.696, 0)) )/ 2 )
=6017.912/( ( 11804.162 + 11668.628 )/ 2 )
=6017.912/11736.395
=51.28 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2222.511 + 175.457 + 878.984) - (5960.805 + 0 + 669.734)
=-3353.587

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2252.633 + 153.767 + 1135.095) - (7972.804 + 0 + 552.387)
=-4983.696

When net working capital is negative, 0 is used.

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

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

Emirates Integrated Telecommunications Co PJSC's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1553.656/4114.108
=37.76 %

* 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.


Emirates Integrated Telecommunications Co PJSC Operating Income Related Terms


Emirates Integrated Telecommunications Co PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for Emirates Integrated Telecommunications Co PJSC'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.

Emirates Integrated Telecommunications Co PJSC Operating Income Chart

Emirates Integrated Telecommunications Co PJSC 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 1,364.72 1,725.72 2,200.28 4,579.86 5,377.37

Emirates Integrated Telecommunications Co PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1,321.53 1,348.54 1,363.91 1,346.47 1,553.66
DFM:DU
76GF Score
Emirates Integrated Telecommunications Co PJSC DFM:DU
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Emirates Integrated Telecommunications Co PJSC 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ5,613 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 د.إ5,613 Mil mean?
Emirates Integrated Telecommunications Co PJSC (DFM:DU) has a Operating Income of د.إ5,613 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Emirates Integrated Telecommunications Co PJSC and its competitors.
Is Emirates Integrated Telecommunications Co PJSC's Operating Income too high?
Emirates Integrated Telecommunications Co PJSC's current Operating Income is د.إ5,613 Mil. Overall, Emirates Integrated Telecommunications Co PJSC has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emirates Integrated Telecommunications Co PJSC's Operating Income compare to TMUS and VZ?
Emirates Integrated Telecommunications Co PJSC's Operating Income of د.إ5,613 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 Emirates Integrated Telecommunications Co PJSC and its competitors. Emirates Integrated Telecommunications Co PJSC's current Operating Income is د.إ5,613 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emirates Integrated Telecommunications Co PJSC stock overvalued right now?
Based on GuruFocus' analysis, Emirates Integrated Telecommunications Co PJSC (DFM:DU) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ8.45, compared to a current price of د.إ12.24 — trading 44.9% above its estimated fair value. The current Operating Income is د.إ5,613 Mil. Emirates Integrated Telecommunications Co PJSC's overall GF Score™ is 76/100 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 Emirates Integrated Telecommunications Co PJSC (DFM:DU), the current Operating Income is د.إ5,613 Mil as of Mar. 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 Emirates Integrated Telecommunications Co PJSC (DFM:DU) Overvalued in 2026?

Based on GuruFocus' analysis, Emirates Integrated Telecommunications Co PJSC stock appears to be overvalued. The current stock price of د.إ12.24 is trading 44.9% above its estimated GF Value™ of د.إ8.45. GuruFocus considers Emirates Integrated Telecommunications Co PJSC to be Significantly Overvalued.

Key valuation signals for DFM:DU:

  • Operating Income: د.إ5,613 Mil
  • GF Value™: د.إ8.45 vs. price of د.إ12.24 (44.9% above fair value)
  • GF Score™: 76/100 with 5 warning signs

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


Emirates Integrated Telecommunications Co PJSC Business Description

Address Al Salam Tower, Dubai Media City, P.O. Box 502666, Dubai, ARE
Emirates Integrated Telecommunications Co PJSC is a telecommunication service provider. The company provides telecommunications and entertainment services to customers in the UAE. It is organized into four business segments: Mobile, Fixed, Wholesale, and ICT and associated telecom services. The Mobile Segment derives the maximum revenue and offers mobility services to the enterprise and consumer market; and fixed services to the enterprise and consumer customers. Services include broadband, IPTV, home wireless, IP/VPN business internet, and telephony.; Wholesale Segment provides voice and SMS to national and international carriers and operators.; ICT and associated telecom services include broadcasting services, data center co-location, multi-cloud, cybersecurity, IOT and equipment etc.
76GF Score

Get the complete analysis for DFM:DU

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

د.إ12.24
Price
د.إ8.45
GF Value