DKSH Holding (FRA:DS5) Operating Income: €337 Mil (TTM As of Jun. 2026)

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FRA:DS5 DKSH Holding Ltd FRA:DS5
78 GF Score
Price €69.00
GF Value €64.71
Valuation Fairly Valued
! 4 Warning Signs
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What is DKSH Holding Operating Income?

DKSH Holding FRA:DS5 78 Operating Income is €337 Mil as of Jun. 2026. GuruFocus rates FRA:DS5 with a GF Score™ of 78/100 and a GF Value™ of €64.71 (Fairly Valued). The stock has 4 warning signs investors should review.

DKSH Holding's Operating Income for the six months ended in Jun. 2026 was €156 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €337 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. DKSH Holding's Operating Income for the six months ended in Jun. 2026 was €156 Mil. DKSH Holding's Revenue for the six months ended in Jun. 2026 was €5,941 Mil. Therefore, DKSH Holding's Operating Margin % for the quarter that ended in Jun. 2026 was 2.63%.

Good Sign:

DKSH Holding Ltd operating margin is expanding. Margin expansion is usually a good sign.

DKSH Holding's 5-Year average Growth Rate for Operating Margin % was 6.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DKSH Holding's annualized ROC % for the quarter that ended in Jun. 2026 was 8.90%. DKSH Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 36.66%.


DKSH Holding  (FRA:DS5) Operating Income Explanation

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

DKSH Holding's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=312.536 * ( 1 - 27.85% )/( (2746.753 + 2319.807)/ 2 )
=225.494724/2533.28
=8.90 %

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))
=5893.768 - 2570.037 - ( 576.978 - max(0, 3105.221 - 4426.461+576.978))
=2746.753

Invested Capital(Q: Jun. 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))
=6027.458 - 3160.658 - ( 546.993 - max(0, 3274.791 - 4517.661+546.993))
=2319.807

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

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

DKSH Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=353.152/( ( (386.545 + max(784.985, 0)) + (389.313 + max(365.965, 0)) )/ 2 )
=353.152/( ( 1171.53 + 755.278 )/ 2 )
=353.152/963.404
=36.66 %

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)
=(2302.339 + 1343.96 + 168.784) - (2570.037 + 0 + 460.061)
=784.985

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1986.746 + 1483.951 + 58.098) - (3160.658 + 0 + 2.1720000000005)
=365.965

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

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

DKSH Holding's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=156.268/5941.125
=2.63 %

* 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.


DKSH Holding Operating Income Related Terms


DKSH Holding Operating Income Historical Data

* Premium members only.

The historical data trend for DKSH Holding'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.

DKSH Holding Operating Income Chart

DKSH Holding 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 251.95 295.48 320.65 351.32 350.54

DKSH Holding Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 158.82 187.66 168.56 181.11 156.27
FRA:DS5
78GF Score
DKSH Holding Ltd FRA:DS5
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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DKSH Holding 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. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €337 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 €337 Mil mean?
DKSH Holding (FRA:DS5) has a Operating Income of €337 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on DKSH Holding and its competitors.
Is DKSH Holding's Operating Income too high?
DKSH Holding's current Operating Income is €337 Mil. Overall, DKSH Holding has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKSH Holding's Operating Income compare to VRSK and EFX?
DKSH Holding's Operating Income of €337 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 DKSH Holding and its competitors. DKSH Holding's current Operating Income is €337 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKSH Holding stock overvalued right now?
Based on GuruFocus' analysis, DKSH Holding (FRA:DS5) is currently considered Fairly Valued. The stock's GF Value™ is €64.71, compared to a current price of €69.00 — trading 6.6% above its estimated fair value. The current Operating Income is €337 Mil. DKSH Holding's overall GF Score™ is 78/100 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 DKSH Holding (FRA:DS5), the current Operating Income is €337 Mil as of Jun. 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 DKSH Holding (FRA:DS5) Overvalued in 2026?

Based on GuruFocus' analysis, DKSH Holding stock appears to be overvalued. The current stock price of €69.00 is trading 6.6% above its estimated GF Value™ of €64.71. GuruFocus considers DKSH Holding to be Fairly Valued.

Key valuation signals for FRA:DS5:

  • Operating Income: €337 Mil
  • GF Value™: €64.71 vs. price of €69.00 (6.6% above fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the FRA:DS5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DKSH Holding Business Description

Address Wiesenstrasse 8, P.O. Box 888, Zurich, CHE, 8034
DKSH Holding Ltd offers market expansion services in Asia. The company provides a range of services, including sourcing, market insights, marketing and sales, eCommerce, distribution and logistics, and after-sales support. It offers expertise and on-the-ground logistical support. The company operates in five business segments: Consumer goods, Healthcare, Performance Materials, Technology and Other (non-Business Unit). The majority of the revenue is derived from the Healthcare segment, which offers pharmaceuticals, consumer health, and over-the-counter health products, as well as medical devices, and also offers services including product registration, marketing and sales, and capillary physical distribution.
78GF Score

Get the complete analysis for FRA:DS5

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

€69.00
Price
€64.71
GF Value