Namura Shipbuilding Co (FRA:8AF) Operating Income: €158.0 Mil (TTM As of Mar. 2026)


FRA:8AF Namura Shipbuilding Co Ltd FRA:8AF
73 GF Score
Price €20.40
GF Value €11.73
! 2 Warning Signs
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What is Namura Shipbuilding Co Operating Income?

Namura Shipbuilding Co FRA:8AF +0.99% 73 Operating Income is €158.0 Mil as of Mar. 2026. GuruFocus rates FRA:8AF with a GF Score™ of 73/100 and a GF Value™ of €11.73. The stock has 2 warning signs investors should review.

Namura Shipbuilding Co's Operating Income for the three months ended in Mar. 2026 was €46.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €158.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Namura Shipbuilding Co's Operating Income for the three months ended in Mar. 2026 was €46.9 Mil. Namura Shipbuilding Co's Revenue for the three months ended in Mar. 2026 was €238.4 Mil. Therefore, Namura Shipbuilding Co's Operating Margin % for the quarter that ended in Mar. 2026 was 19.68%.

Namura Shipbuilding Co'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. Namura Shipbuilding Co's annualized ROC % for the quarter that ended in Mar. 2026 was 16.89%. Namura Shipbuilding Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 89.47%.


Namura Shipbuilding Co  (FRA:8AF) Operating Income Explanation

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

Namura Shipbuilding Co'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 )
=187.628 * ( 1 - 20.64% )/( (868.734 + 894.247)/ 2 )
=148.9015808/881.4905
=16.89 %

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))
=1374.994 - 103.763 - ( 594.116 - max(0, 524.22 - 926.717+594.116))
=868.734

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))
=1450.807 - 113.885 - ( 663.533 - max(0, 518.566 - 961.241+663.533))
=894.247

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

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

Namura Shipbuilding Co'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 )
=174.328/( ( (189.867 + max(-162.797, 0)) + (199.844 + max(-185.905, 0)) )/ 2 )
=174.328/( ( 189.867 + 199.844 )/ 2 )
=174.328/194.8555
=89.47 %

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)
=(265.909 + 27.085 + 39.607) - (103.763 + 0 + 391.635)
=-162.797

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(239.217 + 25.86 + 32.631) - (113.885 + 0 + 369.728)
=-185.905

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 %:

Namura Shipbuilding Co'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 )
=46.907/238.389
=19.68 %

* 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.


Namura Shipbuilding Co Operating Income Related Terms


Namura Shipbuilding Co Operating Income Historical Data

* Premium members only.

The historical data trend for Namura Shipbuilding Co'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.

Namura Shipbuilding Co Operating Income Chart

Namura Shipbuilding Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -72.99 67.05 101.28 182.86 153.10

Namura Shipbuilding Co 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 35.07 34.55 28.89 47.70 46.91
FRA:8AF
73GF Score
Namura Shipbuilding Co Ltd FRA:8AF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Namura Shipbuilding Co 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 €158.0 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 €158.0 Mil mean?
Namura Shipbuilding Co (FRA:8AF) has a Operating Income of €158.0 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Namura Shipbuilding Co and its competitors.
Is Namura Shipbuilding Co's Operating Income too high?
Namura Shipbuilding Co's current Operating Income is €158.0 Mil. Overall, Namura Shipbuilding Co has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Namura Shipbuilding Co's Operating Income compare to SPCX and GE?
Namura Shipbuilding Co's Operating Income of €158.0 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense 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 Namura Shipbuilding Co and its competitors. Namura Shipbuilding Co's current Operating Income is €158.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Namura Shipbuilding Co stock overvalued right now?
Namura Shipbuilding Co (FRA:8AF) has a current Operating Income of €158.0 Mil. The stock's GF Value™ is €11.73, compared to a current price of €20.40 — trading 73.9% above its estimated fair value. The current Operating Income is €158.0 Mil. Namura Shipbuilding Co's overall GF Score™ is 73/100 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 Namura Shipbuilding Co (FRA:8AF), the current Operating Income is €158.0 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 Namura Shipbuilding Co (FRA:8AF) Overvalued in 2026?

Based on GuruFocus' analysis, Namura Shipbuilding Co stock appears to be overvalued. The current stock price of €20.40 is trading 73.9% above its estimated GF Value™ of €11.73.

Key valuation signals for FRA:8AF:

  • Operating Income: €158.0 Mil
  • GF Value™: €11.73 vs. price of €20.40 (73.9% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the FRA:8AF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Namura Shipbuilding Co Business Description

Other Exchanges NMRSF:USA7014:Japan
Address 1-9, Itachibori 2-chome, Nikken Building, 8th Floor, Nishi-ku, Osaka, JPN
Namura Shipbuilding Co Ltd is in the business of infrastructure development operating in Japan. The company is in the business of shipbuilding, ship repairs, design, production and installation of bridge, floodgate and steel structure. Its products are bulk carrier, ore carrier, oil tanker, and LPG (Liquefied Petroleum Gas) carrier. The company also constructs car carriers, container ships, and cement carriers. In addition, the company offers maintenance work on aluminum high-speed passenger ships.
73GF Score

Get the complete analysis for FRA:8AF

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

€20.40
Price
€11.73
GF Value