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Vunani's Operating Income for the
six
months ended in Feb. 2026 was R213.3 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was R242.1 Mil.
Operating Margin % is calculated as Operating Income divided by its Revenue. Vunani's Operating Income for the
six
months ended in Feb. 2026 was R213.3 Mil. Vunani's Revenue for the
six
months ended in Feb. 2026 was R477.1 Mil. Therefore, Vunani's Operating Margin % for the quarter that ended in Feb. 2026 was 44.71%.
Good Sign:
Vunani Ltd operating margin is expanding. Margin expansion is usually a good sign.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Vunani's annualizedROC % for the quarter that ended in Feb. 2026 was 21.60%.
Vunani's annualizedROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 153.63%.
* 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.
Vunani Operating Income Related Terms
Vunani Operating Income Historical Data
* Premium members only.
The historical data trend for Vunani'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.
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 R242.1 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.
Vunani (JSE:VUN) has a Operating Income of R242.1 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vunani and its competitors.
Is Vunani's Operating Income too high?
Vunani's current Operating Income is R242.1 Mil. Overall, Vunani has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vunani's Operating Income compare to MS and GS?
Vunani's Operating Income of R242.1 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 Vunani and its competitors. Vunani's current Operating Income is R242.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vunani stock overvalued right now?
Based on GuruFocus' analysis, Vunani (JSE:VUN) is currently considered Fairly Valued. The stock's GF Value™ is R2.72, compared to a current price of R2.50 — trading 8.1% below its estimated fair value. The current Operating Income is R242.1 Mil. Vunani's overall GF Score™ is 83/100 with 8 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 Vunani (JSE:VUN), the current Operating Income is R242.1 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 Vunani (JSE:VUN) Overvalued in 2026?
Based on GuruFocus' analysis, Vunani stock appears to be undervalued.
The current stock price of R2.50 is trading 8.1% below its estimated GF Value™ of R2.72.
GuruFocus considers Vunani to be Fairly Valued.
Key valuation signals for JSE:VUN:
Operating Income: R242.1 Mil
GF Value™: R2.72 vs. price of R2.50 (8.1% below fair value)
No single metric tells the full story. See the JSE:VUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vunani Ltd is a financial services company. The company has five reportable segments: fund management, asset administration, advisory services, institutional securities broking, and insurance. The fund management comprises institutional and retail product offerings, which include equities, bonds, inflation-linked bonds, and property. The advisory segment provides corporate advisory and investment services. The institutional securities broking provides equity, derivative, and capital market trading services for institutional clients. The insurance segment provides short-term insurance, medical aid, individual life, and employee benefits in Eswatini. The asset administration provides beneficiary fund services for minor dependents of deceased retirement fund members.
83GF Score
Get the complete analysis for JSE:VUN
Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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