Teqnion AB (FRA:M45) Operating Income: €16.6 Mil (TTM As of Jun. 2026)

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FRA:M45 Teqnion AB FRA:M45
65 GF Score
Price €14.44
GF Value €18.88
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Teqnion AB Operating Income?

Teqnion AB FRA:M45 -6.11% 65 Operating Income is €16.6 Mil as of Jun. 2026. GuruFocus rates FRA:M45 with a GF Score™ of 65/100 and a GF Value™ of €18.88 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Teqnion AB's Operating Income for the three months ended in Jun. 2026 was €6.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €16.6 Mil.

Warning Sign:

Teqnion AB 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. Teqnion AB's Operating Income for the three months ended in Jun. 2026 was €6.6 Mil. Teqnion AB's Revenue for the three months ended in Jun. 2026 was €47.2 Mil. Therefore, Teqnion AB's Operating Margin % for the quarter that ended in Jun. 2026 was 13.92%.

Warning Sign:

Teqnion AB operating margin has been in a 5-year decline. The average rate of decline per year is -12.4%.

Teqnion AB's 5-Year average Growth Rate for Operating Margin % was -12.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Teqnion AB's annualized ROC % for the quarter that ended in Jun. 2026 was 12.38%. Teqnion AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 64.82%.


Teqnion AB  (FRA:M45) Operating Income Explanation

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

Teqnion AB'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: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=26.308 * ( 1 - 18.4% )/( (167.816 + 178.854)/ 2 )
=21.467328/173.335
=12.38 %

where

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

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

Teqnion AB'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: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.672/( ( (20.23 + max(18.893, 0)) + (20.278 + max(22.897, 0)) )/ 2 )
=26.672/( ( 39.123 + 43.175 )/ 2 )
=26.672/41.149
=64.82 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(26.413 + 27.991 + 0.696) - (14.455 + 0 + 21.752)
=18.893

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.024 + 28.561 + 0.758) - (15.161 + 0 + 22.285)
=22.897

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Teqnion AB'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 )
=6.577/47.243
=13.92 %

* 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.


Teqnion AB Operating Income Related Terms


Teqnion AB Operating Income Historical Data

* Premium members only.

The historical data trend for Teqnion AB'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.

Teqnion AB Operating Income Chart

Teqnion AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 9.05 11.73 14.06 9.54 7.04

Teqnion AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 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 4.80 -0.58 4.31 6.27 6.58
FRA:M45
65GF Score
Teqnion AB FRA:M45
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Teqnion AB 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 quarterly data reported by the company within the most recent 12 months, which was €16.6 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 €16.6 Mil mean?
Teqnion AB (FRA:M45) has a Operating Income of €16.6 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Teqnion AB and its competitors.
Is Teqnion AB's Operating Income too high?
Teqnion AB's current Operating Income is €16.6 Mil. Overall, Teqnion AB has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Teqnion AB's Operating Income compare to HON and MMM?
Teqnion AB's Operating Income of €16.6 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Operating Income depends on the Conglomerates 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 Teqnion AB and its competitors. Teqnion AB's current Operating Income is €16.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teqnion AB stock overvalued right now?
Based on GuruFocus' analysis, Teqnion AB (FRA:M45) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.88, compared to a current price of €14.44 — trading 23.5% below its estimated fair value. The current Operating Income is €16.6 Mil. Teqnion AB's overall GF Score™ is 65/100 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 Teqnion AB (FRA:M45), the current Operating Income is €16.6 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 Teqnion AB (FRA:M45) Overvalued in 2026?

Based on GuruFocus' analysis, Teqnion AB stock appears to be undervalued. The current stock price of €14.44 is trading 23.5% below its estimated GF Value™ of €18.88. GuruFocus considers Teqnion AB to be Modestly Undervalued.

Key valuation signals for FRA:M45:

  • Operating Income: €16.6 Mil
  • GF Value™: €18.88 vs. price of €14.44 (23.5% below fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the FRA:M45 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Teqnion AB Business Description

Other Exchanges TEQ:Sweden
Address Dalvagen 14, Solna, SWE, 169 56
Teqnion AB is an industrial group that acquires stable niche companies with good cash flows to develop and own with an eternal horizon. The subsidiaries are managed in a decentralized manner with support from the parent company. Its group of companies consists of agency businesses that include brands, product and service companies developing solutions for specific industrial niches, and manufacturing companies that sell products under their own or customers' brands. Teqnion continuously supports its companies with planning work and problem-solving beyond the everyday management and financial resources. Geographically, the Group generates maximum revenue from Sweden, and the rest from the European Union (excluding Sweden), the United Kingdom, Norway, the USA, and the Rest of the world.
65GF Score

Get the complete analysis for FRA:M45

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

€14.44
Price
€18.88
GF Value