Marshall Monteagle (JSE:MMP) Operating Income: R-17 Mil (TTM As of Mar. 2026)

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.

JSE:MMP Marshall Monteagle PLC JSE:MMP
65 GF Score
Price R26.95
GF Value R26.93
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Marshall Monteagle Operating Income?

Marshall Monteagle JSE:MMP 65 Operating Income is R-17 Mil as of Mar. 2026. GuruFocus rates JSE:MMP with a GF Score™ of 65/100 and a GF Value™ of R26.93 (Fairly Valued). The stock has 4 warning signs investors should review.

Marshall Monteagle's Operating Income for the six months ended in Mar. 2026 was R4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R-17 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Marshall Monteagle's Operating Income for the six months ended in Mar. 2026 was R4 Mil. Marshall Monteagle's Revenue for the six months ended in Mar. 2026 was R830 Mil. Therefore, Marshall Monteagle's Operating Margin % for the quarter that ended in Mar. 2026 was 0.45%.

Marshall Monteagle'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. Marshall Monteagle's annualized ROC % for the quarter that ended in Mar. 2026 was 0.46%. Marshall Monteagle's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.40%.


Marshall Monteagle  (JSE:MMP) Operating Income Explanation

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

Marshall Monteagle's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=7.404 * ( 1 - 8.27% )/( (1390.653 + 1573.119)/ 2 )
=6.7916892/1481.886
=0.46 %

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))
=1964.639 - 177.162 - ( 396.824 - max(0, 275.231 - 1037.671+396.824))
=1390.653

Invested Capital(Q: Mar. 2026 )
=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))
=2102.066 - 103.83 - ( 425.117 - max(0, 247.154 - 1159.025+425.117))
=1573.119

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Marshall Monteagle's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=95.908/( ( (22.357 + max(460.949, 0)) + (21.188 + max(598.054, 0)) )/ 2 )
=95.908/( ( 483.306 + 619.242 )/ 2 )
=95.908/551.274
=17.40 %

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)
=(462.953 + 172.405 + 5.489) - (177.162 + 0 + 2.736)
=460.949

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(422.822 + 142.923 + 158.8) - (103.83 + 0 + 22.661)
=598.054

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Marshall Monteagle's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3.702/830.084
=0.45 %

* 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.


Marshall Monteagle Operating Income Related Terms


Marshall Monteagle Operating Income Historical Data

* Premium members only.

The historical data trend for Marshall Monteagle'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.

Marshall Monteagle Operating Income Chart

Marshall Monteagle Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 135.68 -41.38 -30.76 12.49 -16.08

Marshall Monteagle Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -24.01 17.44 -5.61 -20.58 3.70
JSE:MMP
65GF Score
Marshall Monteagle PLC JSE:MMP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marshall Monteagle 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 Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-17 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 R-17 Mil mean?
Marshall Monteagle (JSE:MMP) has a Operating Income of R-17 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Marshall Monteagle and its competitors.
Is Marshall Monteagle's Operating Income too high?
Marshall Monteagle's current Operating Income is R-17 Mil. Overall, Marshall Monteagle has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Marshall Monteagle's Operating Income compare to GWW and FAST?
Marshall Monteagle's Operating Income of R-17 Mil can be compared against companies in the Industrial Distribution 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 Industrial Distribution company?
A good Operating Income depends on the Industrial Distribution 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 Marshall Monteagle and its competitors. Marshall Monteagle's current Operating Income is R-17 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshall Monteagle stock overvalued right now?
Based on GuruFocus' analysis, Marshall Monteagle (JSE:MMP) is currently considered Fairly Valued. The stock's GF Value™ is R26.93, compared to a current price of R26.95 — trading 0.1% above its estimated fair value. The current Operating Income is R-17 Mil. Marshall Monteagle'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 Marshall Monteagle (JSE:MMP), the current Operating Income is R-17 Mil as of Mar. 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 Marshall Monteagle (JSE:MMP) Overvalued in 2026?

Based on GuruFocus' analysis, Marshall Monteagle stock appears to be overvalued. The current stock price of R26.95 is trading 0.1% above its estimated GF Value™ of R26.93. GuruFocus considers Marshall Monteagle to be Fairly Valued.

Key valuation signals for JSE:MMP:

  • Operating Income: R-17 Mil
  • GF Value™: R26.93 vs. price of R26.95 (0.1% above fair value)
  • GF Score™: 65/100 with 4 warning signs

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


Marshall Monteagle Business Description

Address 66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH
Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; majorly imports to South Africa and Latin America, and exports from South Africa.
65GF Score

Get the complete analysis for JSE:MMP

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

R26.95
Price
R26.93
GF Value