aconnic AG (FRA:CFC) Operating Income: €-21.34 Mil (TTM As of Jun. 2025)

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Valuation Modestly Overvalued

6 Warning Signs

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What is aconnic AG Operating Income?

aconnic AG FRA:CFC 39 Operating Income is €-21.34 Mil as of Jun. 2025. GuruFocus rates FRA:CFC with a GF Score™ of 39/100 and a GF Value™ of €0.46 (Modestly Overvalued). The stock has 6 warning signs investors should review.

aconnic AG's Operating Income for the six months ended in Jun. 2025 was €-14.17 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was €-21.34 Mil.

Warning Sign:

aconnic AG has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. aconnic AG's Operating Income for the six months ended in Jun. 2025 was €-14.17 Mil. aconnic AG's Revenue for the six months ended in Jun. 2025 was €7.94 Mil. Therefore, aconnic AG's Operating Margin % for the quarter that ended in Jun. 2025 was -178.53%.

aconnic AG'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. aconnic AG's annualized ROC % for the quarter that ended in Jun. 2025 was -87.31%. aconnic AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 was -1,009.80%.

aconnic AG (FRA:CFC) Operating Income Explanation

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

aconnic AG's annualized ROC % for the quarter that ended in Jun. 2025 is calculated as:

	ROC % (Q: Jun. 2025 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2024 )	+	Invested Capital (Q: Jun. 2025 ))	/ count )
=	-28.34 * ( 1 - 0% )	/	( (30.093	+	34.825)	/ 2 )
=	-28.34	/	32.459
=	-87.31 %

where

	Invested Capital		(Q: Dec. 2024 )
=	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	))
=	50.458	-	37.251	-	( 1.04	-	max(0, 37.251	-	20.365	+	1.04	))
=	30.093

	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	))
=	49.995	-	37.56	-	( 0.538	-	max(0, 37.681	-	15.291	+	0.538	))
=	34.825

Note: The Operating Income data used here is two times the semi-annual (Jun. 2025) data.

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

aconnic AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2025 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2025 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2024		Q: Jun. 2025
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-28.436	/	( ( (2.98 + max(-18.143, 0))	+	(2.652 + max(-23.206, 0)) )	/	2 )
=	-28.436	/	( ( 2.98	+	2.652 )	/	2 )
=	-28.436	/	2.816
=	-1,009.80 %

where Working Capital is:

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.402	+	11.149	+	0.557)	-	(37.251	+	0	+	0)
=	-18.143

	Working Capital		(Q: Jun. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7.805	+	5.905	+	0.765)	-	(37.56	+	0	+	0.121)
=	-23.206

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

aconnic AG's Operating Margin % for the quarter that ended in Jun. 2025 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2025 )	/	Revenue (Q: Jun. 2025 )
	=	-14.17	/	7.937
	=	-178.53 %

* 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.

aconnic AG Operating Income Related Terms

aconnic AG Operating Income Historical Data

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The historical data trend for aconnic AG's Operating Income can be seen below:

aconnic AG Operating Income Chart

aconnic AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Operating Income

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-3.87

2.98

1.01

3.03

-6.85

aconnic AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25
Operating Income	Get a 7-Day Free Trial															3.73	-0.70	0.32	-7.17	-14.17

39GF Score

aconnic AG FRA:CFC

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

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aconnic AG 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-21.34 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of €-21.34 Mil mean?

aconnic AG (FRA:CFC) has a Operating Income of €-21.34 Mil as of Jun. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on aconnic AG and its competitors.

Is aconnic AG's Operating Income too high?

aconnic AG's current Operating Income is €-21.34 Mil. Overall, aconnic AG has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does aconnic AG's Operating Income compare to CSCO and MSI?

aconnic AG's Operating Income of €-21.34 Mil can be compared against companies in the Hardware 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 Hardware company?

A good Operating Income depends on the Hardware 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 aconnic AG and its competitors. aconnic AG's current Operating Income is €-21.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is aconnic AG stock overvalued right now?

Based on GuruFocus' analysis, aconnic AG (FRA:CFC) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.46, compared to a current price of €0.53 — trading 14.1% above its estimated fair value. The current Operating Income is €-21.34 Mil. aconnic AG's overall GF Score™ is 39/100 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 aconnic AG (FRA:CFC), the current Operating Income is €-21.34 Mil as of Jun. 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 aconnic AG (FRA:CFC) Overvalued in 2026?

Based on GuruFocus' analysis, aconnic AG stock appears to be overvalued. The current stock price of €0.53 is trading 14.1% above its estimated GF Value™ of €0.46. GuruFocus considers aconnic AG to be Modestly Overvalued.

Key valuation signals for FRA:CFC:

Operating Income: €-21.34 Mil
GF Value™: €0.46 vs. price of €0.53 (14.1% above fair value)
GF Score™: 39/100 with 6 warning signs

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

aconnic AG Business Description

Industry Technology Hardware

Comparable Companies FRA:C3RY HAM:MT3 FRA:B1GR FRA:HYI XTER:P4O XTER:V6C XTER:FEV CSCO SHSE:601138 SZSE:300308 MSI SZSE:300502 CIEN LITE UI OHEL:NOKIA OSTO:ERIC B SZSE:300394 HPE TPE:2345

Other Exchanges CFC:Germany CFC:Germany

Address Riesstrabe 16, Munich, DEU, 80992

Website https://www.aconnic.com

aconnic AG is engaged in systems, telecommunication systems for broadband, wired networks, manufacturing of electronic products, providers of services for development, production, logistics of electronic modules and systems. Geographically it operates through the region of Germany and internationally. Majority of its revenue comes from the systems and electronic products business.

39GF Score

Get the complete analysis for FRA:CFC

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

€0.53

Price

€0.46

GF Value

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