Bosch Fren Sistemlerinayi ve Ticaret AS (IST:BFREN) Operating Income: ₺197 Mil (TTM As of Dec. 2025)

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IST:BFREN Bosch Fren Sistemleri Sanayi ve Ticaret AS IST:BFREN
60 GF Score
Price ₺129.80
GF Value ₺275.50
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Bosch Fren Sistemlerinayi ve Ticaret AS Operating Income?

Bosch Fren Sistemlerinayi ve Ticaret AS IST:BFREN +2.20% 60 Operating Income is ₺197 Mil as of Dec. 2025. GuruFocus rates IST:BFREN with a GF Score™ of 60/100 and a GF Value™ of ₺275.50 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Bosch Fren Sistemlerinayi ve Ticaret AS's Operating Income for the three months ended in Dec. 2025 was ₺56 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was ₺197 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bosch Fren Sistemlerinayi ve Ticaret AS's Operating Income for the three months ended in Dec. 2025 was ₺56 Mil. Bosch Fren Sistemlerinayi ve Ticaret AS's Revenue for the three months ended in Dec. 2025 was ₺870 Mil. Therefore, Bosch Fren Sistemlerinayi ve Ticaret AS's Operating Margin % for the quarter that ended in Dec. 2025 was 6.41%.

Warning Sign:

Bosch Fren Sistemleri Sanayi ve Ticaret AS operating margin has been in a 5-year decline. The average rate of decline per year is -12.4%.

Bosch Fren Sistemlerinayi ve Ticaret AS'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. Bosch Fren Sistemlerinayi ve Ticaret AS's annualized ROC % for the quarter that ended in Dec. 2025 was 16.79%. Bosch Fren Sistemlerinayi ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 43.10%.


Bosch Fren Sistemlerinayi ve Ticaret AS  (IST:BFREN) Operating Income Explanation

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

Bosch Fren Sistemlerinayi ve Ticaret AS'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: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=223.14 * ( 1 - 40.62% )/( (788.644 + 789.551)/ 2 )
=132.500532/789.0975
=16.79 %

where

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))
=1152.121 - 229.926 - ( 133.551 - max(0, 530.437 - 794.081+133.551))
=788.644

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))
=1246.754 - 299.595 - ( 157.608 - max(0, 567.46 - 895.582+157.608))
=789.551

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Bosch Fren Sistemlerinayi ve Ticaret AS'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: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=311.388/( ( (348.406 + max(354.492, 0)) + (340 + max(402.043, 0)) )/ 2 )
=311.388/( ( 702.898 + 742.043 )/ 2 )
=311.388/722.4705
=43.10 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(480.575 + 174.057 + 5.1810000000002) - (229.926 + 0 + 75.395)
=354.492

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(569.913 + 164.225 + 3.734) - (299.595 + 0 + 36.234)
=402.043

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Bosch Fren Sistemlerinayi ve Ticaret AS'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 )
=55.785/869.754
=6.41 %

* 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.


Bosch Fren Sistemlerinayi ve Ticaret AS Operating Income Related Terms


Bosch Fren Sistemlerinayi ve Ticaret AS Operating Income Historical Data

* Premium members only.

The historical data trend for Bosch Fren Sistemlerinayi ve Ticaret AS'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.

Bosch Fren Sistemlerinayi ve Ticaret AS Operating Income Chart

Bosch Fren Sistemlerinayi ve Ticaret AS 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 38.50 133.83 21.82 220.27 237.83

Bosch Fren Sistemlerinayi ve Ticaret AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 107.05 4.06 68.78 68.78 55.79
IST:BFREN
60GF Score
Bosch Fren Sistemleri Sanayi ve Ticaret AS IST:BFREN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bosch Fren Sistemlerinayi ve Ticaret AS 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 quarterly data reported by the company within the most recent 12 months, which was ₺197 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 ₺197 Mil mean?
Bosch Fren Sistemlerinayi ve Ticaret AS (IST:BFREN) has a Operating Income of ₺197 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bosch Fren Sistemlerinayi ve Ticaret AS and its competitors.
Is Bosch Fren Sistemlerinayi ve Ticaret AS's Operating Income too high?
Bosch Fren Sistemlerinayi ve Ticaret AS's current Operating Income is ₺197 Mil. Overall, Bosch Fren Sistemlerinayi ve Ticaret AS has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bosch Fren Sistemlerinayi ve Ticaret AS's Operating Income compare to ORLY and AZO?
Bosch Fren Sistemlerinayi ve Ticaret AS's Operating Income of ₺197 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 Bosch Fren Sistemlerinayi ve Ticaret AS and its competitors. Bosch Fren Sistemlerinayi ve Ticaret AS's current Operating Income is ₺197 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bosch Fren Sistemlerinayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Bosch Fren Sistemlerinayi ve Ticaret AS (IST:BFREN) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺275.50, compared to a current price of ₺129.80 — trading 52.9% below its estimated fair value. The current Operating Income is ₺197 Mil. Bosch Fren Sistemlerinayi ve Ticaret AS's overall GF Score™ is 60/100 with 2 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 Bosch Fren Sistemlerinayi ve Ticaret AS (IST:BFREN), the current Operating Income is ₺197 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 Bosch Fren Sistemlerinayi ve Ticaret AS (IST:BFREN) Overvalued in 2026?

Based on GuruFocus' analysis, Bosch Fren Sistemlerinayi ve Ticaret AS stock appears to be undervalued. The current stock price of ₺129.80 is trading 52.9% below its estimated GF Value™ of ₺275.50. GuruFocus considers Bosch Fren Sistemlerinayi ve Ticaret AS to be Significantly Undervalued.

Key valuation signals for IST:BFREN:

  • Operating Income: ₺197 Mil
  • GF Value™: ₺275.50 vs. price of ₺129.80 (52.9% below fair value)
  • GF Score™: 60/100 with 2 warning signs

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


Bosch Fren Sistemlerinayi ve Ticaret AS Business Description

Address Organize Sanayi Bolgesi Yesil Cad. No 27, Nilufer/Bursa, TUR, 16159
Bosch Fren Sistemleri Sanayi ve Ticaret AS is a Turkey-based company engaged in manufacturing of hydraulic brake systems for automotive and light commercial vehicles required by the automotive and the aftermarket. The company's areas of activities include Servo-Brakes, Brake master cylinders, and Brake support systems.
60GF Score

Get the complete analysis for IST:BFREN

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

₺129.80
Price
₺275.50
GF Value