Union Coop (DFM:UNIONCOOP) Operating Income: د.إ311 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DFM:UNIONCOOP Union Coop DFM:UNIONCOOP
72 GF Score
Price د.إ2.17
GF Value د.إ2.71
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Union Coop Operating Income?

Union Coop DFM:UNIONCOOP 72 Operating Income is د.إ311 Mil as of Jun. 2026. GuruFocus rates DFM:UNIONCOOP with a GF Score™ of 72/100 and a GF Value™ of د.إ2.71 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Union Coop's Operating Income for the three months ended in Jun. 2026 was د.إ78 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was د.إ311 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Union Coop's Operating Income for the three months ended in Jun. 2026 was د.إ78 Mil. Union Coop's Revenue for the three months ended in Jun. 2026 was د.إ529 Mil. Therefore, Union Coop's Operating Margin % for the quarter that ended in Jun. 2026 was 14.69%.

Good Sign:

Union Coop operating margin is expanding. Margin expansion is usually a good sign.

Union Coop's 5-Year average Growth Rate for Operating Margin % was 2.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Union Coop's annualized ROC % for the quarter that ended in Jun. 2026 was 9.06%. Union Coop's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 13.49%.


Union Coop  (DFM:UNIONCOOP) Operating Income Explanation

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

Union Coop'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 )
=310.968 * ( 1 - 9.15% )/( (3133.073 + 3102.675)/ 2 )
=282.514428/3117.874
=9.06 %

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))
=3823.987 - 435.754 - ( 319.407 - max(0, 525.474 - 780.634+319.407))
=3133.073

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))
=3554.656 - 397.41 - ( 83.46 - max(0, 472.712 - 527.283+83.46))
=3102.675

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

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

Union Coop'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 )
=336.88/( ( (2502.791 + max(-74.939, 0)) + (2492.069 + max(-34.711, 0)) )/ 2 )
=336.88/( ( 2502.791 + 2492.069 )/ 2 )
=336.88/2497.43
=13.49 %

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)
=(24.786 + 362.974 + 39.463) - (435.754 + 0 + 66.408)
=-74.939

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(24.945 + 354.326 + 38.041) - (397.41 + 0 + 54.613)
=-34.711

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 %:

Union Coop'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 )
=77.742/529.077
=14.69 %

* 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.


Union Coop Operating Income Related Terms


Union Coop Operating Income Historical Data

* Premium members only.

The historical data trend for Union Coop'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.

Union Coop Operating Income Chart

Union Coop Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 189.47 401.88 338.08 339.11 336.49

Union Coop Quarterly Data
Dec20 Dec21 Dec22 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 90.38 59.87 62.60 110.96 77.74
DFM:UNIONCOOP
72GF Score
Union Coop DFM:UNIONCOOP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Coop 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 د.إ311 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.إ311 Mil mean?
Union Coop (DFM:UNIONCOOP) has a Operating Income of د.إ311 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Union Coop and its competitors.
Is Union Coop's Operating Income too high?
Union Coop's current Operating Income is د.إ311 Mil. Overall, Union Coop has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Union Coop's Operating Income compare to DDS and M?
Union Coop's Operating Income of د.إ311 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Union Coop and its competitors. Union Coop's current Operating Income is د.إ311 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Coop stock overvalued right now?
Based on GuruFocus' analysis, Union Coop (DFM:UNIONCOOP) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.71, compared to a current price of د.إ2.17 — trading 19.9% below its estimated fair value. The current Operating Income is د.إ311 Mil. Union Coop's overall GF Score™ is 72/100 with 2 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 Union Coop (DFM:UNIONCOOP), the current Operating Income is د.إ311 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 Union Coop (DFM:UNIONCOOP) Overvalued in 2026?

Based on GuruFocus' analysis, Union Coop stock appears to be undervalued. The current stock price of د.إ2.17 is trading 19.9% below its estimated GF Value™ of د.إ2.71. GuruFocus considers Union Coop to be Modestly Undervalued.

Key valuation signals for DFM:UNIONCOOP:

  • Operating Income: د.إ311 Mil
  • GF Value™: د.إ2.71 vs. price of د.إ2.17 (19.9% below fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Union Coop Business Description

Address The Tripoli Street, Al Warqa - 3, Dubai, ARE
Union Coop is engaged in establishing and managing hypermarkets in the United Arab Emirates. The company has several branches, and owns shopping centers namely; Al Warqa City Mall, Etihad Mall, Al Barsha Mall, Al Barsha South Mall ,Nad Al Hamar Center ,Al Nahda ,Motor City and Silicon Oasis. The company has also launched a chain of stores under the name of Coop, representing new concepts of shopping, as it includes outlets in addition to one branch of the Mini Coop chain, and Union Coop is the first consumer cooperative in the Middle East to include the concept of smart shopping. The company has three business segments that include retail, e-commerce, and real estate segment. It earns the majority of its revenue from the retail segment.
72GF Score

Get the complete analysis for DFM:UNIONCOOP

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

د.إ2.17
Price
د.إ2.71
GF Value