Agrana Beteiligungs AG (LTS:0DHR) Operating Income: €79 Mil (TTM As of May. 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.

LTS:0DHR Agrana Beteiligungs AG LTS:0DHR
68 GF Score
Price €22.18
GF Value €22.00
! 7 Warning Signs
View Full Analysis

What is Agrana Beteiligungs AG Operating Income?

Agrana Beteiligungs AG LTS:0DHR 68 Operating Income is €79 Mil as of May. 2026. GuruFocus rates LTS:0DHR with a GF Score™ of 68/100 and a GF Value™ of €22.00. The stock has 7 warning signs investors should review.

Agrana Beteiligungs AG's Operating Income for the three months ended in May. 2026 was €33 Mil. Its Operating Income for the trailing twelve months (TTM) ended in May. 2026 was €79 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Agrana Beteiligungs AG's Operating Income for the three months ended in May. 2026 was €33 Mil. Agrana Beteiligungs AG's Revenue for the three months ended in May. 2026 was €855 Mil. Therefore, Agrana Beteiligungs AG's Operating Margin % for the quarter that ended in May. 2026 was 3.88%.

Warning Sign:

Agrana Beteiligungs AG operating margin has been in a 5-year decline. The average rate of decline per year is -9.5%.

Agrana Beteiligungs AG's 5-Year average Growth Rate for Operating Margin % was -9.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Agrana Beteiligungs AG's annualized ROC % for the quarter that ended in May. 2026 was 5.53%. Agrana Beteiligungs AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 was 9.77%.


Agrana Beteiligungs AG  (LTS:0DHR) Operating Income Explanation

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

Agrana Beteiligungs AG's annualized ROC % for the quarter that ended in May. 2026 is calculated as:

ROC % (Q: May. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2026 ) + Invested Capital (Q: May. 2026 ))/ count )
=132.8 * ( 1 - 24.31% )/( (1648.003 + 1989.7)/ 2 )
=100.51632/1818.8515
=5.53 %

where

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))
=2438.275 - 666.279 - ( 123.993 - max(0, 893.103 - 1434.453+123.993))
=1648.003

Note: The Operating Income data used here is four times the quarterly (May. 2026) data.

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

Agrana Beteiligungs AG's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2026  Q: May. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=132.8/( ( (710.514 + max(600.775, 0)) + (721.7 + max(684.6, 0)) )/ 2 )
=132.8/( ( 1311.289 + 1406.3 )/ 2 )
=132.8/1358.7945
=9.77 %

where Working Capital is:

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(220.935 + 941.616 + 147.909) - (666.279 + 0 + 43.406)
=600.775

Working Capital(Q: May. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(313.5 + 863.4 + 152.5) - (396.3 + 0 + 248.5)
=684.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2026) EBIT data.

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

Agrana Beteiligungs AG's Operating Margin % for the quarter that ended in May. 2026 is calculated as:

Operating Margin %=Operating Income (Q: May. 2026 )/Revenue (Q: May. 2026 )
=33.2/855.3
=3.88 %

* 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.


Agrana Beteiligungs AG Operating Income Related Terms


Agrana Beteiligungs AG Operating Income Historical Data

* Premium members only.

The historical data trend for Agrana Beteiligungs AG'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.

Agrana Beteiligungs AG Operating Income Chart

Agrana Beteiligungs AG Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 76.99 161.48 165.55 56.14 49.44

Agrana Beteiligungs AG Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 25.70 24.07 20.40 1.04 33.20
LTS:0DHR
68GF Score
Agrana Beteiligungs AG LTS:0DHR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agrana Beteiligungs AG 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €79 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 €79 Mil mean?
Agrana Beteiligungs AG (LTS:0DHR) has a Operating Income of €79 Mil as of May. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Agrana Beteiligungs AG and its competitors.
Is Agrana Beteiligungs AG's Operating Income too high?
Agrana Beteiligungs AG's current Operating Income is €79 Mil. Overall, Agrana Beteiligungs AG has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Agrana Beteiligungs AG's Operating Income compare to KHC and GIS?
Agrana Beteiligungs AG's Operating Income of €79 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods 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 Agrana Beteiligungs AG and its competitors. Agrana Beteiligungs AG's current Operating Income is €79 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agrana Beteiligungs AG stock overvalued right now?
Agrana Beteiligungs AG (LTS:0DHR) has a current Operating Income of €79 Mil. The stock's GF Value™ is €22.00, compared to a current price of €22.18 — trading 0.8% above its estimated fair value. The current Operating Income is €79 Mil. Agrana Beteiligungs AG's overall GF Score™ is 68/100 with 7 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 Agrana Beteiligungs AG (LTS:0DHR), the current Operating Income is €79 Mil as of May. 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 Agrana Beteiligungs AG (LTS:0DHR) Overvalued in 2026?

Based on GuruFocus' analysis, Agrana Beteiligungs AG stock appears to be overvalued. The current stock price of €22.18 is trading 0.8% above its estimated GF Value™ of €22.00.

Key valuation signals for LTS:0DHR:

  • Operating Income: €79 Mil
  • GF Value™: €22.00 vs. price of €22.18 (0.8% above fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the LTS:0DHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agrana Beteiligungs AG Business Description

Other Exchanges AGB2:GermanyAGR:Austria
Address Friedrich-Wilhelm-Raiffeisen-Platz 1, Vienna, AUT, A-1020
Agrana Beteiligungs AG is a processor and refiner of agricultural raw materials. It operates in three segments, FBS generates revenue with formulations for the dairy, bakery, ice cream and food service industries and with fruit juice concentrates such as apple and berry juice concentrates, fruit wines, beverage bases and aromas; ACS-Starch segment processes and refines corn, wheat and potatoes into starch products for the food industry, the paper, textile and construction chemicals sectors, and the pharmaceutical and cosmetic industries, fertilizers and animal feeds; and ACS-Sugar segment processes sugar beet from contract growers for use in sweets, non-alcoholic beverages and pharmaceutical applications and produces fertilizers and feedstuff for use in agriculture and animal husbandry.
68GF Score

Get the complete analysis for LTS:0DHR

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

€22.18
Price
€22.00
GF Value