Nu-World Holdings (JSE:NWL) Operating Income: R88 Mil (TTM As of Feb. 2026)

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JSE:NWL Nu-World Holdings Ltd JSE:NWL
73 GF Score
Price R27.26
GF Value R31.70
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Nu-World Holdings Operating Income?

Nu-World Holdings JSE:NWL -2.64% 73 Operating Income is R88 Mil as of Feb. 2026. GuruFocus rates JSE:NWL with a GF Score™ of 73/100 and a GF Value™ of R31.70 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Nu-World Holdings's Operating Income for the six months ended in Feb. 2026 was R57 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was R88 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Nu-World Holdings's Operating Income for the six months ended in Feb. 2026 was R57 Mil. Nu-World Holdings's Revenue for the six months ended in Feb. 2026 was R1,281 Mil. Therefore, Nu-World Holdings's Operating Margin % for the quarter that ended in Feb. 2026 was 4.48%.

Nu-World Holdings'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. Nu-World Holdings's annualized ROC % for the quarter that ended in Feb. 2026 was 7.03%. Nu-World Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 9.62%.


Nu-World Holdings  (JSE:NWL) Operating Income Explanation

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

Nu-World Holdings's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=114.902 * ( 1 - 19.67% )/( (1285.658 + 1338.538)/ 2 )
=92.3007766/1312.098
=7.03 %

where

Invested Capital(Q: Aug. 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))
=1801.029 - 119.346 - ( 396.025 - max(0, 173.287 - 1671.577+396.025))
=1285.658

Invested Capital(Q: Feb. 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))
=1721.132 - 125.468 - ( 257.126 - max(0, 146.043 - 1578.27+257.126))
=1338.538

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

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

Nu-World Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=114.902/( ( (25.728 + max(1113.661, 0)) + (53.176 + max(1195.676, 0)) )/ 2 )
=114.902/( ( 1139.389 + 1248.852 )/ 2 )
=114.902/1194.1205
=9.62 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(501.693 + 691.044 + 86.006) - (119.346 + 0 + 45.736)
=1113.661

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(648.979 + 672.165 + 0) - (125.468 + 0 + 0)
=1195.676

When net working capital is negative, 0 is used.

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

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

Nu-World Holdings's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=57.451/1281.318
=4.48 %

* 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.


Nu-World Holdings Operating Income Related Terms


Nu-World Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Nu-World 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.

Nu-World Holdings Operating Income Chart

Nu-World Holdings Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.39 101.21 -12.02 36.98 84.16

Nu-World Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 0.00 0.00 53.72 30.44 57.45
JSE:NWL
73GF Score
Nu-World Holdings Ltd JSE:NWL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Nu-World 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R88 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 R88 Mil mean?
Nu-World Holdings (JSE:NWL) has a Operating Income of R88 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Nu-World Holdings and its competitors.
Is Nu-World Holdings' Operating Income too high?
Nu-World Holdings' current Operating Income is R88 Mil. Overall, Nu-World Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nu-World Holdings' Operating Income compare to AAPL?
Nu-World Holdings' Operating Income of R88 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Operating Income depends on the Hardware 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 Nu-World Holdings and its competitors. Nu-World Holdings's current Operating Income is R88 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nu-World Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nu-World Holdings (JSE:NWL) is currently considered Modestly Undervalued. The stock's GF Value™ is R31.70, compared to a current price of R27.26 — trading 14% below its estimated fair value. The current Operating Income is R88 Mil. Nu-World Holdings' overall GF Score™ is 73/100 with 3 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 Nu-World Holdings (JSE:NWL), the current Operating Income is R88 Mil as of Feb. 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 Nu-World Holdings (JSE:NWL) Overvalued in 2026?

Based on GuruFocus' analysis, Nu-World Holdings stock appears to be undervalued. The current stock price of R27.26 is trading 14% below its estimated GF Value™ of R31.70. GuruFocus considers Nu-World Holdings to be Modestly Undervalued.

Key valuation signals for JSE:NWL:

  • Operating Income: R88 Mil
  • GF Value™: R31.70 vs. price of R27.26 (14% below fair value)
  • GF Score™: 73/100 with 3 warning signs

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


Nu-World Holdings Business Description

Address 35 - 3rd Street, Wynberg, Sandton, Johannesburg, GT, ZAF, 2199
Nu-World Holdings Ltd, along with its subsidiaries, is engaged in importing, manufacturing, assembling, marketing, and distributing branded consumer goods, including consumer electronics, high-technology, small electrical appliances, white goods, liquor, and furniture. It also manufactures kitchenware and Telefunken. The company operates its business in geographic segments that include South Africa, Hong Kong, Australia, and the United Arab Emirates. The South African segment generates maximum revenue for the company.
73GF Score

Get the complete analysis for JSE:NWL

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

R27.26
Price
R31.70
GF Value