Tai Kam Holdings (HKSE:08321) Operating Income: HK$-6.74 Mil (TTM As of Oct. 2025)


HKSE:08321 Tai Kam Holdings Ltd HKSE:08321
31 GF Score
Price HK$1.78
GF Value HK$0.18
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Tai Kam Holdings Operating Income?

Tai Kam Holdings HKSE:08321 31 Operating Income is HK$-6.74 Mil as of Oct. 2025. GuruFocus rates HKSE:08321 with a GF Score™ of 31/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Tai Kam Holdings's Operating Income for the six months ended in Oct. 2025 was HK$-7.46 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Oct. 2025 was HK$-6.74 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tai Kam Holdings's Operating Income for the six months ended in Oct. 2025 was HK$-7.46 Mil. Tai Kam Holdings's Revenue for the six months ended in Oct. 2025 was HK$15.80 Mil. Therefore, Tai Kam Holdings's Operating Margin % for the quarter that ended in Oct. 2025 was -47.21%.

Warning Sign:

Tai Kam Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -49.7%.

Tai Kam Holdings's 5-Year average Growth Rate for Operating Margin % was -49.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tai Kam Holdings's annualized ROC % for the quarter that ended in Oct. 2025 was -41.51%. Tai Kam Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 was 594.61%.


Tai Kam Holdings  (HKSE:08321) Operating Income Explanation

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

Tai Kam Holdings's annualized ROC % for the quarter that ended in Oct. 2025 is calculated as:

ROC % (Q: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Apr. 2025 ) + Invested Capital (Q: Oct. 2025 ))/ count )
=-14.922 * ( 1 - 0% )/( (38.982 + 32.921)/ 2 )
=-14.922/35.9515
=-41.51 %

where

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

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

Tai Kam Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Oct. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Oct. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Apr. 2025  Q: Oct. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=62.696/( ( (0 + max(21.088, 0)) + (0 + max(-8.523, 0)) )/ 2 )
=62.696/( ( 21.088 + 0 )/ 2 )
=62.696/10.544
=594.61 %

where Working Capital is:

Working Capital(Q: Apr. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.292 + 0 + 1.521) - (14.392 + 0 + 4.333)
=21.088

Working Capital(Q: Oct. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.59 + 0 + 1.733) - (19.612 + 0 + 5.234)
=-8.523

When net working capital is negative, 0 is used.

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

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

Tai Kam Holdings's Operating Margin % for the quarter that ended in Oct. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Oct. 2025 )/Revenue (Q: Oct. 2025 )
=-7.461/15.804
=-47.21 %

* 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.


Tai Kam Holdings Operating Income Related Terms


Tai Kam Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Tai Kam Holdings'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.

Tai Kam Holdings Operating Income Chart

Tai Kam Holdings Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.93 -4.51 -17.81 -3.21 -4.24

Tai Kam Holdings Semi-Annual Data
Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 -0.94 -2.27 -4.96 0.73 -7.46
HKSE:08321
31GF Score
Tai Kam Holdings Ltd HKSE:08321
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tai Kam Holdings 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 Oct. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-6.74 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 HK$-6.74 Mil mean?
Tai Kam Holdings (HKSE:08321) has a Operating Income of HK$-6.74 Mil as of Oct. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tai Kam Holdings and its competitors.
Is Tai Kam Holdings' Operating Income too high?
Tai Kam Holdings' current Operating Income is HK$-6.74 Mil. Overall, Tai Kam Holdings has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tai Kam Holdings' Operating Income compare to PWR and FIX?
Tai Kam Holdings' Operating Income of HK$-6.74 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Tai Kam Holdings and its competitors. Tai Kam Holdings's current Operating Income is HK$-6.74 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tai Kam Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tai Kam Holdings (HKSE:08321) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$1.78 — trading 888.9% above its estimated fair value. The current Operating Income is HK$-6.74 Mil. Tai Kam Holdings' overall GF Score™ is 31/100 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 Tai Kam Holdings (HKSE:08321), the current Operating Income is HK$-6.74 Mil as of Oct. 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 Tai Kam Holdings (HKSE:08321) Overvalued in 2026?

Based on GuruFocus' analysis, Tai Kam Holdings stock appears to be overvalued. The current stock price of HK$1.78 is trading 888.9% above its estimated GF Value™ of HK$0.18. GuruFocus considers Tai Kam Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:08321:

  • Operating Income: HK$-6.74 Mil
  • GF Value™: HK$0.18 vs. price of HK$1.78 (888.9% above fair value)
  • GF Score™: 31/100 with 4 warning signs

No single metric tells the full story. See the HKSE:08321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tai Kam Holdings Business Description

Address 99-105 Des Voeux Road Central, 2nd Floor, Dah Sing Life Building, Central, Hong Kong, HKG
Tai Kam Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the construction business, mainly site formation works and renovation works in Hong Kong. Site formation works generally include piling works, landslip preventive and remedial works for improving or maintaining the stability of slopes and/or retaining walls. Renovation works refer to the fitting-out work for premises in Hong Kong. The group considers its business of undertaking site formation works and renovation works as a main contractor in Hong Kong as a single operating segment.
31GF Score

Get the complete analysis for HKSE:08321

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

HK$1.78
Price
HK$0.18
GF Value