Grupa Azoty (FRA:5PL) Operating Income: €-237 Mil (TTM As of Mar. 2026)


FRA:5PL Grupa Azoty SA FRA:5PL
55 GF Score
Price €4.08
GF Value €4.42
Valuation Fairly Valued
! 6 Warning Signs
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What is Grupa Azoty Operating Income?

Grupa Azoty FRA:5PL -3.50% 55 Operating Income is €-237 Mil as of Mar. 2026. GuruFocus rates FRA:5PL with a GF Score™ of 55/100 and a GF Value™ of €4.42 (Fairly Valued). The stock has 6 warning signs investors should review.

Grupa Azoty's Operating Income for the three months ended in Mar. 2026 was €-10 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €-237 Mil.

Warning Sign:

Grupa Azoty SA had lost money in 92% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Grupa Azoty's Operating Income for the three months ended in Mar. 2026 was €-10 Mil. Grupa Azoty's Revenue for the three months ended in Mar. 2026 was €847 Mil. Therefore, Grupa Azoty's Operating Margin % for the quarter that ended in Mar. 2026 was -1.23%.

Grupa Azoty'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. Grupa Azoty's annualized ROC % for the quarter that ended in Mar. 2026 was -0.74%. Grupa Azoty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -1.01%.


Grupa Azoty  (FRA:5PL) Operating Income Explanation

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

Grupa Azoty'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 )
=-41.736 * ( 1 - 0% )/( (5586.282 + 5713.406)/ 2 )
=-41.736/5649.844
=-0.74 %

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))
=4186.66 - 1154.356 - ( 114.734 - max(0, 3686.199 - 1132.221+114.734))
=5586.282

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))
=4459.289 - 1314.424 - ( 119.931 - max(0, 4009.06 - 1440.519+119.931))
=5713.406

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

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

Grupa Azoty'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 )
=-25.96/( ( (2577.623 + max(-809.276, 0)) + (2537.881 + max(-685.364, 0)) )/ 2 )
=-25.96/( ( 2577.623 + 2537.881 )/ 2 )
=-25.96/2557.752
=-1.01 %

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)
=(311.776 + 474.468 + 231.243) - (1154.356 + 0 + 672.407)
=-809.276

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(300.19 + 406.867 + 258.144) - (1314.424 + 0 + 336.141)
=-685.364

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 %:

Grupa Azoty'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 )
=-10.434/847.461
=-1.23 %

* 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.


Grupa Azoty Operating Income Related Terms


Grupa Azoty Operating Income Historical Data

* Premium members only.

The historical data trend for Grupa Azoty'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.

Grupa Azoty Operating Income Chart

Grupa Azoty 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 263.35 407.63 -516.59 -220.04 -293.70

Grupa Azoty 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 -124.52 -79.07 24.14 -171.35 -10.43
FRA:5PL
55GF Score
Grupa Azoty SA FRA:5PL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Grupa Azoty 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 €-237 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 €-237 Mil mean?
Grupa Azoty (FRA:5PL) has a Operating Income of €-237 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Grupa Azoty and its competitors.
Is Grupa Azoty's Operating Income too high?
Grupa Azoty's current Operating Income is €-237 Mil. Overall, Grupa Azoty has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grupa Azoty's Operating Income compare to CTVA and CF?
Grupa Azoty's Operating Income of €-237 Mil can be compared against companies in the Agriculture 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 an Agriculture company?
A good Operating Income depends on the Agriculture 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 Grupa Azoty and its competitors. Grupa Azoty's current Operating Income is €-237 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupa Azoty stock overvalued right now?
Based on GuruFocus' analysis, Grupa Azoty (FRA:5PL) is currently considered Fairly Valued. The stock's GF Value™ is €4.42, compared to a current price of €4.08 — trading 7.7% below its estimated fair value. The current Operating Income is €-237 Mil. Grupa Azoty's overall GF Score™ is 55/100 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 Grupa Azoty (FRA:5PL), the current Operating Income is €-237 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 Grupa Azoty (FRA:5PL) Overvalued in 2026?

Based on GuruFocus' analysis, Grupa Azoty stock appears to be undervalued. The current stock price of €4.08 is trading 7.7% below its estimated GF Value™ of €4.42. GuruFocus considers Grupa Azoty to be Fairly Valued.

Key valuation signals for FRA:5PL:

  • Operating Income: €-237 Mil
  • GF Value™: €4.42 vs. price of €4.08 (7.7% below fair value)
  • GF Score™: 55/100 with 6 warning signs

No single metric tells the full story. See the FRA:5PL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupa Azoty Business Description

Other Exchanges ATT:Poland
Address ul. Kwiatkowskiego 8, Tarnow, POL, 33-101
Grupa Azoty SA is a holding company, which through its subsidiaries, produces and sells chemicals, plastics, fertilizers, titanium, and extracts sulfur products. The firm organizes itself into five segments based on the product type. The Agro fertilizer segment, which generates the majority of revenue, sells fertilizers and agrochemicals. The Plastics segment sells a variety of plastic products to the automotive, construction, food, and textile industries. The Energy segment produces and sells electricity. The Chemicals segment sells oxo alcohols and other chemicals and its other segment comprises activities such as laboratory services, property rental, and other activities.
55GF Score

Get the complete analysis for FRA:5PL

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

€4.08
Price
€4.42
GF Value