FHGDF (Founder Holdings) Operating Income: $4.2 Mil (TTM As of Dec. 2025)

What is Founder Holdings Operating Income?

Founder Holdings FHGDF 46 Operating Income is $4.2 Mil as of Dec. 2025. GuruFocus rates FHGDF with a GF Score™ of 46/100 and a GF Value™ of $0.08 (Fairly Valued). The stock has 4 warning signs investors should review.

Founder Holdings's Operating Income for the six months ended in Dec. 2025 was $5.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $4.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Founder Holdings's Operating Income for the six months ended in Dec. 2025 was $5.7 Mil. Founder Holdings's Revenue for the six months ended in Dec. 2025 was $72.4 Mil. Therefore, Founder Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 7.93%.

Warning Sign:

Founder Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -33.4%.

Founder Holdings's 5-Year average Growth Rate for Operating Margin % was -33.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Founder Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 17.10%. Founder Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 45.17%.

Founder Holdings (OTCPK:FHGDF) Operating Income Explanation

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

Founder Holdings'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 )
=	11.486 * ( 1 - 4.46% )	/	( (61.968	+	66.403)	/ 2 )
=	10.9737244	/	64.1855
=	17.10 %

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	))
=	175.612	-	23.109	-	( 90.535	-	max(0, 29.829	-	133.469	+	90.535	))
=	61.968

	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	))
=	184.112	-	12.262	-	( 105.447	-	max(0, 35.324	-	145.462	+	105.447	))
=	66.403

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:

Founder Holdings'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 )
=	12.39	/	( ( (23.239 + max(8.134, 0))	+	(21.741 + max(1.744, 0)) )	/	2 )
=	12.39	/	( ( 31.373	+	23.485 )	/	2 )
=	12.39	/	27.429
=	45.17 %

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)
=	(26.002	+	11.269	+	0.59100000000001)	-	(23.109	+	0	+	6.619)
=	8.134

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(26.429	+	7.866	+	2.61)	-	(12.262	+	0	+	22.899)
=	1.744

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 %:

Founder Holdings'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 )
	=	5.743	/	72.38
	=	7.93 %

* 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.

Founder Holdings Operating Income Related Terms

Founder Holdings Operating Income Historical Data

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The historical data trend for Founder Holdings's Operating Income can be seen below:

Founder Holdings Operating Income Chart

Founder Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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29.39

26.85

7.70

7.01

4.23

Founder Holdings Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Operating Income	Get a 7-Day Free Trial															0.97	-1.05	8.06	-1.50	5.74

46GF Score

Founder Holdings Ltd FHGDF

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Founder Holdings 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 $4.2 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $4.2 Mil mean?

Founder Holdings (FHGDF) has a Operating Income of $4.2 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Founder Holdings and its competitors.

Is Founder Holdings' Operating Income too high?

Founder Holdings' current Operating Income is $4.2 Mil. Overall, Founder Holdings has a GF Score™ of 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Founder Holdings' Operating Income compare to UBER and SHOP?

Founder Holdings' Operating Income of $4.2 Mil can be compared against companies in the Software 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 Software company?

A good Operating Income depends on the Software 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 Founder Holdings and its competitors. Founder Holdings's current Operating Income is $4.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Founder Holdings stock overvalued right now?

Based on GuruFocus' analysis, Founder Holdings (FHGDF) is currently considered Fairly Valued. The stock's GF Value™ is $0.08, compared to a current price of $0.07 — trading 7.8% below its estimated fair value. The current Operating Income is $4.2 Mil. Founder Holdings' overall GF Score™ is 46/100 with 4 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 Founder Holdings (FHGDF), the current Operating Income is $4.2 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 Founder Holdings (FHGDF) Overvalued in 2026?

Based on GuruFocus' analysis, Founder Holdings stock appears to be undervalued. The current stock price of $0.07 is trading 7.8% below its estimated GF Value™ of $0.08. GuruFocus considers Founder Holdings to be Fairly Valued.

Key valuation signals for FHGDF:

Operating Income: $4.2 Mil
GF Value™: $0.08 vs. price of $0.07 (7.8% below fair value)
GF Score™: 46/100 with 4 warning signs

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

Founder Holdings Business Description

Industry Technology Software

Comparable Companies HKSE:06959 HKSE:02392 HKSE:01808 HKSE:00536 HKSE:01450 HKSE:08205 HKSE:08635 HKSE:09600 HKSE:08156 HKSE:06610 XTER:SAP UBER SHOP CRM CDNS NOW ADP SNOW DDOG ADBE

Other Exchanges 00418:Hong Kong FOU1:Germany

Address 9 Hoi Shing Road, Unit 1408, 14th Floor, New Territories, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website https://www.founder.com.hk

Founder Holdings Ltd is an investment holding company engaged in providing information technology (IT) system services. Its core activities include the sale of software, hardware, and information products, along with software development and system integration. The Group serves industries such as printing, media, publishing, big data, and font libraries, offering advanced information processing technologies, solutions, and value-added services to support seamless digital experiences. It operates in domestic and overseas markets, with the majority of its revenue generated from Mainland China, alongside operations in Hong Kong and other regions.

46GF Score

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

$0.07

Price

$0.08

GF Value

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