Northam Platinum Holdings (FRA:7JR) Operating Income: €414 Mil (TTM As of Dec. 2025)

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FRA:7JR Northam Platinum Holdings Ltd FRA:7JR
86 GF Score
Price €11.70
GF Value €10.10
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Northam Platinum Holdings Operating Income?

Northam Platinum Holdings FRA:7JR +0.86% 86 Operating Income is €414 Mil as of Dec. 2025. GuruFocus rates FRA:7JR with a GF Score™ of 86/100 and a GF Value™ of €10.10 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Northam Platinum Holdings's Operating Income for the six months ended in Dec. 2025 was €297 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €414 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Northam Platinum Holdings's Operating Income for the six months ended in Dec. 2025 was €297 Mil. Northam Platinum Holdings's Revenue for the six months ended in Dec. 2025 was €1,180 Mil. Therefore, Northam Platinum Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was 25.15%.

Warning Sign:

Northam Platinum Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -22.1%.

Northam Platinum Holdings's 5-Year average Growth Rate for Operating Margin % was -22.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Northam Platinum Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was 19.47%. Northam Platinum Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 45.21%.

Northam Platinum Holdings  (FRA:7JR) Operating Income Explanation

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

Northam Platinum 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 )
=593.42 * ( 1 - 13.51% )/( (2392.28 + 2878.805)/ 2 )
=513.248958/2635.5425
=19.47 %

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))
=2825.658 - 107.874 - ( 325.504 - max(0, 356.42 - 858.803+325.504))
=2392.28

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))
=3419.513 - 82.856 - ( 457.852 - max(0, 446.459 - 1095.679+457.852))
=2878.805

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:

Northam Platinum 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 )
=987.004/( ( (1857.699 + max(143.376, 0)) + (2169.29 + max(195.649, 0)) )/ 2 )
=987.004/( ( 2001.075 + 2364.939 )/ 2 )
=987.004/2183.007
=45.21 %

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)
=(17.65 + 391.501 + 33.904) - (107.874 + 0 + 191.805)
=143.376

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29.583 + 493.689 + 42.908) - (82.856 + 0 + 287.675)
=195.649

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 %:

Northam Platinum 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 )
=296.71/1179.598
=25.15 %

* 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.

Northam Platinum Holdings Operating Income Related Terms

Northam Platinum Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Northam Platinum Holdings'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.

Northam Platinum Holdings Operating Income Chart

Northam Platinum Holdings Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial 961.48 891.55 761.13 241.68 170.31

Northam Platinum Holdings Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 119.22 119.57 57.09 117.32 296.71
FRA:7JR
86GF Score
Northam Platinum Holdings Ltd FRA:7JR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Northam Platinum 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 €414 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 €414 Mil mean?
Northam Platinum Holdings (FRA:7JR) has a Operating Income of €414 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Northam Platinum Holdings and its competitors.
Is Northam Platinum Holdings' Operating Income too high?
Northam Platinum Holdings' current Operating Income is €414 Mil. Overall, Northam Platinum Holdings has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northam Platinum Holdings' Operating Income compare to HL and SIND?
Northam Platinum Holdings' Operating Income of €414 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Operating Income depends on the Metals & Mining 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 Northam Platinum Holdings and its competitors. Northam Platinum Holdings's current Operating Income is €414 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northam Platinum Holdings stock overvalued right now?
Based on GuruFocus' analysis, Northam Platinum Holdings (FRA:7JR) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.10, compared to a current price of €11.70 — trading 15.8% above its estimated fair value. The current Operating Income is €414 Mil. Northam Platinum Holdings' overall GF Score™ is 86/100 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 Northam Platinum Holdings (FRA:7JR), the current Operating Income is €414 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 Northam Platinum Holdings (FRA:7JR) Overvalued in 2026?

Based on GuruFocus' analysis, Northam Platinum Holdings stock appears to be overvalued. The current stock price of €11.70 is trading 15.8% above its estimated GF Value™ of €10.10. GuruFocus considers Northam Platinum Holdings to be Modestly Overvalued.

Key valuation signals for FRA:7JR:

  • Operating Income: €414 Mil
  • GF Value™: €10.10 vs. price of €11.70 (15.8% above fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the FRA:7JR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Northam Platinum Holdings Business Description

Other Exchanges NPH:South AfricaNPTLF:USA
Address Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Jukskei View, Midrand, Waterfall City, GT, ZAF, 2090
Northam Platinum Holdings Ltd is an integrated producer of platinum group metals. Its primary joint products are the platinum, palladium, rhodium and gold (4E). The primary consumers of these metals are the motor manufacturing industry, the jewelry industry, and other industrial sectors. Its segments include Northam Holdings, Zondereinde mine (being Northam Platinum), Booysendal mine, Eland mine and the U.S recycling operations. The maximum revenue for the company is generated from its Zondereinde mine segment.
86GF Score

Get the complete analysis for FRA:7JR

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

€11.70
Price
€10.10
GF Value