CGN Mining Co (FRA:VBO) Operating Income: €1.1 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:VBO CGN Mining Co Ltd FRA:VBO
89 GF Score
Price €0.23
GF Value €0.23
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is CGN Mining Co Operating Income?

CGN Mining Co FRA:VBO -8.00% 89 Operating Income is €1.1 Mil as of Dec. 2025. GuruFocus rates FRA:VBO with a GF Score™ of 89/100 and a GF Value™ of €0.23 (Fairly Valued). The stock has 6 warning signs investors should review.

CGN Mining Co's Operating Income for the six months ended in Dec. 2025 was €29.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €1.1 Mil.

Warning Sign:

CGN Mining Co Ltd 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. CGN Mining Co's Operating Income for the six months ended in Dec. 2025 was €29.8 Mil. CGN Mining Co's Revenue for the six months ended in Dec. 2025 was €566.5 Mil. Therefore, CGN Mining Co's Operating Margin % for the quarter that ended in Dec. 2025 was 5.27%.

CGN Mining 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. CGN Mining Co's annualized ROC % for the quarter that ended in Dec. 2025 was 6.11%. CGN Mining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 66.76%.


CGN Mining Co  (FRA:VBO) Operating Income Explanation

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

CGN Mining Co's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=59.692 * ( 1 - 16.66% )/( (799.705 + 827.626)/ 2 )
=49.7473128/813.6655
=6.11 %

where

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))
=947.71 - 136.26 - ( 150.795 - max(0, 504.209 - 515.954+150.795))
=799.705

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))
=956.506 - 93.786 - ( 103.647 - max(0, 427.817 - 462.911+103.647))
=827.626

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

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

CGN Mining Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=156.204/( ( (0.503 + max(203.863, 0)) + (0.414 + max(263.193, 0)) )/ 2 )
=156.204/( ( 204.366 + 263.607 )/ 2 )
=156.204/233.9865
=66.76 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(90.403 + 240.356 + 10.173) - (136.26 + 0 + 0.80900000000003)
=203.863

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(191.447 + 151.784 + 13.747) - (93.786 + 0 + -0.00099999999997635)
=263.193

When net working capital is negative, 0 is used.

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

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

CGN Mining Co's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=29.846/566.478
=5.27 %

* 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.


CGN Mining Co Operating Income Related Terms


CGN Mining Co Operating Income Historical Data

* Premium members only.

The historical data trend for CGN Mining 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.

CGN Mining Co Operating Income Chart

CGN Mining Co 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 3.74 10.47 6.85 -16.12 1.32

CGN Mining Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -13.83 -6.69 -9.20 -28.71 29.85
FRA:VBO
89GF Score
CGN Mining Co Ltd FRA:VBO
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CGN Mining 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €1.1 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 €1.1 Mil mean?
CGN Mining Co (FRA:VBO) has a Operating Income of €1.1 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on CGN Mining Co and its competitors.
Is CGN Mining Co's Operating Income too high?
CGN Mining Co's current Operating Income is €1.1 Mil. Overall, CGN Mining Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CGN Mining Co's Operating Income compare to UEC and LEU?
CGN Mining Co's Operating Income of €1.1 Mil can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good Operating Income depends on the Other Energy Sources 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 CGN Mining Co and its competitors. CGN Mining Co's current Operating Income is €1.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CGN Mining Co stock overvalued right now?
Based on GuruFocus' analysis, CGN Mining Co (FRA:VBO) is currently considered Fairly Valued. The stock's GF Value™ is €0.23, compared to a current price of €0.23 — trading right at its estimated fair value. The current Operating Income is €1.1 Mil. CGN Mining Co's overall GF Score™ is 89/100 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 CGN Mining Co (FRA:VBO), the current Operating Income is €1.1 Mil as of Dec. 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 CGN Mining Co (FRA:VBO) Overvalued in 2026?

Based on GuruFocus' analysis, CGN Mining Co stock appears to be undervalued. The current stock price of €0.23 is trading 0% below its estimated GF Value™ of €0.23. GuruFocus considers CGN Mining Co to be Fairly Valued.

Key valuation signals for FRA:VBO:

  • Operating Income: €1.1 Mil
  • GF Value™: €0.23 vs. price of €0.23 (0% below fair value)
  • GF Score™: 89/100 with 6 warning signs

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


CGN Mining Co Business Description

Other Exchanges CGNMF:USA01164:Hong Kong
Address No. 26 Harbour Road, Room 1903, 19th Floor, China Resources Building, Wanchai, Hong Kong, HKG
CGN Mining Co Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the development and trade of natural uranium resources used by nuclear energy enterprises. The group's reporting segments are Natural uranium trading and Other investments. A majority of its revenue is generated from the Natural uranium trading segment, which engages in the trading of natural uranium in the United Kingdom and Hong Kong. Geographically, it derives maximum revenue from Europe (other than the UK), followed by the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR), the People's Republic of China, the United States, the United Kingdom, Canada, and other regions.
89GF Score

Get the complete analysis for FRA:VBO

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

€0.23
Price
€0.23
GF Value