Frosta AG (HAM:NLM) Operating Income: €52.2 Mil (TTM As of Jun. 2026)

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HAM:NLM Frosta AG HAM:NLM
81 GF Score
Price €104.50
GF Value €74.56
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Frosta AG Operating Income?

Frosta AG HAM:NLM +4.50% 81 Operating Income is €52.2 Mil as of Jun. 2026. GuruFocus rates HAM:NLM with a GF Score™ of 81/100 and a GF Value™ of €74.56 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Frosta AG's Operating Income for the six months ended in Jun. 2026 was €25.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €52.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Frosta AG's Operating Income for the six months ended in Jun. 2026 was €25.9 Mil. Frosta AG's Revenue for the six months ended in Jun. 2026 was €370.7 Mil. Therefore, Frosta AG's Operating Margin % for the quarter that ended in Jun. 2026 was 6.99%.

Good Sign:

Frosta AG operating margin is expanding. Margin expansion is usually a good sign.

Frosta AG's 5-Year average Growth Rate for Operating Margin % was 3.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Frosta AG's annualized ROC % for the quarter that ended in Jun. 2026 was 13.55%. Frosta AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 20.03%.


Frosta AG  (HAM:NLM) Operating Income Explanation

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

Frosta AG'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 )
=51.834 * ( 1 - 28% )/( (257.841 + 293.093)/ 2 )
=37.32048/275.467
=13.55 %

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))
=500.101 - 125.353 - ( 116.907 - max(0, 128.513 - 382.494+116.907))
=257.841

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:

Frosta AG'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 )
=51.156/( ( (110.141 + max(139.631, 0)) + (114.342 + max(146.778, 0)) )/ 2 )
=51.156/( ( 249.772 + 261.12 )/ 2 )
=51.156/255.446
=20.03 %

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)
=(91.636 + 165.877 + 7.4710000000001) - (125.353 + 0 + 0)
=139.631

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(96.242 + 129.66 + 8.467) - (87.591 + 0 + 0)
=146.778

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 %:

Frosta AG'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 )
=25.917/370.736
=6.99 %

* 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.


Frosta AG Operating Income Related Terms


Frosta AG Operating Income Historical Data

* Premium members only.

The historical data trend for Frosta 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.

Frosta AG Operating Income Chart

Frosta AG 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 36.84 32.01 47.29 59.73 54.51

Frosta AG 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 23.26 36.48 28.19 26.33 25.92
HAM:NLM
81GF Score
Frosta AG HAM:NLM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Frosta 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. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €52.2 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 €52.2 Mil mean?
Frosta AG (HAM:NLM) has a Operating Income of €52.2 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Frosta AG and its competitors.
Is Frosta AG's Operating Income too high?
Frosta AG's current Operating Income is €52.2 Mil. Overall, Frosta AG has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frosta AG's Operating Income compare to KHC and GIS?
Frosta AG's Operating Income of €52.2 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Frosta AG and its competitors. Frosta AG's current Operating Income is €52.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frosta AG stock overvalued right now?
Based on GuruFocus' analysis, Frosta AG (HAM:NLM) is currently considered Significantly Overvalued. The stock's GF Value™ is €74.56, compared to a current price of €104.50 — trading 40.2% above its estimated fair value. The current Operating Income is €52.2 Mil. Frosta AG's overall GF Score™ is 81/100 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 Frosta AG (HAM:NLM), the current Operating Income is €52.2 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 Frosta AG (HAM:NLM) Overvalued in 2026?

Based on GuruFocus' analysis, Frosta AG stock appears to be overvalued. The current stock price of €104.50 is trading 40.2% above its estimated GF Value™ of €74.56. GuruFocus considers Frosta AG to be Significantly Overvalued.

Key valuation signals for HAM:NLM:

  • Operating Income: €52.2 Mil
  • GF Value™: €74.56 vs. price of €104.50 (40.2% above fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Frosta AG Business Description

Other Exchanges NLM:Germany
Address Am Lunedeich 116, Bremerhaven, DEU, 27572
Frosta AG is a Germany based frozen food manufacturing company. The company produces and markets frozen foods which include vegetables, fruits, herbs, fish, and meals. The company has two separate sales units namely, the FRoSTA operating segment, which includes the brand business, the private label business and sales to home delivery services and catering business. The second unit is COPACK operating segment, which includes a private label and industrial business. It generates revenue from the operations of FRoSTA and COPACK segment. The company, through its subsidiaries, operates its business segments in Germany, and internationally.
81GF Score

Get the complete analysis for HAM:NLM

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

€104.50
Price
€74.56
GF Value