Kps AG (FRA:KSC) Operating Income: €-12.0 Mil (TTM As of Sep. 2025)


FRA:KSC Kps AG FRA:KSC
34 GF Score
Price €0.21
GF Value €0.87
Valuation Possible Value Trap
! 7 Warning Signs
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What is Kps AG Operating Income?

Kps AG FRA:KSC -9.09% 34 Operating Income is €-12.0 Mil as of Sep. 2025. GuruFocus rates FRA:KSC with a GF Score™ of 34/100 and a GF Value™ of €0.87 (Possible Value Trap). The stock has 7 warning signs investors should review.

Kps AG's Operating Income for the six months ended in Sep. 2025 was €-13.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was €-12.0 Mil.

Warning Sign:

Kps AG has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kps AG's Operating Income for the six months ended in Sep. 2025 was €-13.9 Mil. Kps AG's Revenue for the six months ended in Sep. 2025 was €57.0 Mil. Therefore, Kps AG's Operating Margin % for the quarter that ended in Sep. 2025 was -24.46%.

Kps 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. Kps AG's annualized ROC % for the quarter that ended in Sep. 2025 was -22.24%. Kps AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was -125.29%.

Kps AG  (FRA:KSC) Operating Income Explanation

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

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

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-27.888 * ( 1 - 0% )/( (135.792 + 115.016)/ 2 )
=-27.888/125.404
=-22.24 %

where

Invested Capital(Q: Mar. 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))
=124.819 - 6.869 - ( 8.789 - max(0, 55.759 - 37.917+8.789))
=135.792

Invested Capital(Q: Sep. 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))
=101.286 - 9.278 - ( 9.224 - max(0, 54.158 - 31.15+9.224))
=115.016

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

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

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

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-25.734/( ( (20.594 + max(-26.643, 0)) + (20.486 + max(-2.451, 0)) )/ 2 )
=-25.734/( ( 20.594 + 20.486 )/ 2 )
=-25.734/20.54
=-125.29 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(22.606 + 0 + 2.497) - (6.869 + 0 + 44.877)
=-26.643

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.147 + 0 + 2.257) - (9.278 + 0 + 13.577)
=-2.451

When net working capital is negative, 0 is used.

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

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

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

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=-13.944/57
=-24.46 %

* 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.

Kps AG Operating Income Related Terms

Kps AG Operating Income Historical Data

* Premium members only.

The historical data trend for Kps AG'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.

Kps AG Operating Income Chart

Kps AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.31 14.39 -3.68 -21.28 -12.05

Kps AG Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -7.68 -5.26 -16.02 1.90 -13.94
FRA:KSC
34GF Score
Kps AG FRA:KSC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kps 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-12.0 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 €-12.0 Mil mean?
Kps AG (FRA:KSC) has a Operating Income of €-12.0 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kps AG and its competitors.
Is Kps AG's Operating Income too high?
Kps AG's current Operating Income is €-12.0 Mil. Overall, Kps AG has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kps AG's Operating Income compare to IBM and ACN?
Kps AG's Operating Income of €-12.0 Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Kps AG and its competitors. Kps AG's current Operating Income is €-12.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kps AG stock overvalued right now?
Based on GuruFocus' analysis, Kps AG (FRA:KSC) is currently considered Possible Value Trap. The stock's GF Value™ is €0.87, compared to a current price of €0.21 — trading 75.9% below its estimated fair value. The current Operating Income is €-12.0 Mil. Kps AG's overall GF Score™ is 34/100 with 7 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 Kps AG (FRA:KSC), the current Operating Income is €-12.0 Mil as of Sep. 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 Kps AG (FRA:KSC) Overvalued in 2026?

Based on GuruFocus' analysis, Kps AG stock appears to be undervalued. The current stock price of €0.21 is trading 75.9% below its estimated GF Value™ of €0.87. GuruFocus considers Kps AG to be Possible Value Trap.

Key valuation signals for FRA:KSC:

  • Operating Income: €-12.0 Mil
  • GF Value™: €0.87 vs. price of €0.21 (75.9% below fair value)
  • GF Score™: 34/100 with 7 warning signs

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

Kps AG Business Description

Other Exchanges 0M2T:UKKSC:Germany
Address Beta-Strasse 10 H, Unterfohring, Munchen, BY, DEU, 85774
Kps AG is a German-based company that holds and consults information technology companies that provide business transformation and process optimization services. Its operating segments include Management Consulting / Transformation Consulting, System Integration, and Products /Licenses. The majority of its revenue comes from the Management consulting segment, which includes providing support for customers and developing concepts and solutions taking into account process, logistic, financial, and systems integration. The company's revenue includes the provision of services, revenue from maintenance contracts, and the sale of software. The company carries its operations in Germany, Switzerland, Scandinavia, the United Kingdom, Benelux, Spain, and others.
34GF Score

Get the complete analysis for FRA:KSC

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

€0.21
Price
€0.87
GF Value