Zambeef Products (LUS:ZMBF) Operating Income: ZMW607 Mil (TTM As of Mar. 2026)

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LUS:ZMBF Zambeef Products PLC LUS:ZMBF
92 GF Score
Price ZMW1.97
GF Value ZMW1.61
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Zambeef Products Operating Income?

Zambeef Products LUS:ZMBF -0.51% 92 Operating Income is ZMW607 Mil as of Mar. 2026. GuruFocus rates LUS:ZMBF with a GF Score™ of 92/100 and a GF Value™ of ZMW1.61 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Zambeef Products's Operating Income for the six months ended in Mar. 2026 was ZMW271 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ZMW607 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zambeef Products's Operating Income for the six months ended in Mar. 2026 was ZMW271 Mil. Zambeef Products's Revenue for the six months ended in Mar. 2026 was ZMW3,931 Mil. Therefore, Zambeef Products's Operating Margin % for the quarter that ended in Mar. 2026 was 6.90%.

Good Sign:

Zambeef Products PLC operating margin is expanding. Margin expansion is usually a good sign.

Zambeef Products's 5-Year average Growth Rate for Operating Margin % was 9.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zambeef Products's annualized ROC % for the quarter that ended in Mar. 2026 was 5.18%. Zambeef Products's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.46%.


Zambeef Products  (LUS:ZMBF) Operating Income Explanation

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

Zambeef Products'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 )
=542.622 * ( 1 - 13.26% )/( (9143.887 + 9036.718)/ 2 )
=470.6703228/9090.3025
=5.18 %

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))
=10243.681 - 855.347 - ( 244.447 - max(0, 2769.335 - 3039.239+244.447))
=9143.887

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))
=10212.397 - 928.586 - ( 247.093 - max(0, 2412.729 - 3042.017+247.093))
=9036.718

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:

Zambeef Products'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 )
=645.306/( ( (7001.171 + max(1498.913, 0)) + (6958.356 + max(1835.277, 0)) )/ 2 )
=645.306/( ( 8500.084 + 8793.633 )/ 2 )
=645.306/8646.8585
=7.46 %

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)
=(170.561 + 2480.463 + 21.655999999999) - (855.347 + 0 + 318.42)
=1498.913

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(487.284 + 2307.64 + 0) - (928.586 + 0 + 31.061)
=1835.277

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 %:

Zambeef Products'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 )
=271.311/3930.788
=6.90 %

* 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.


Zambeef Products Operating Income Related Terms


Zambeef Products Operating Income Historical Data

* Premium members only.

The historical data trend for Zambeef Products'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.

Zambeef Products Operating Income Chart

Zambeef Products Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 258.15 330.83 410.49 590.97 612.58

Zambeef Products Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 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 279.52 311.46 276.63 335.95 271.31
LUS:ZMBF
92GF Score
Zambeef Products PLC LUS:ZMBF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zambeef Products 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 ZMW607 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 ZMW607 Mil mean?
Zambeef Products (LUS:ZMBF) has a Operating Income of ZMW607 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zambeef Products and its competitors.
Is Zambeef Products' Operating Income too high?
Zambeef Products' current Operating Income is ZMW607 Mil. Overall, Zambeef Products has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zambeef Products' Operating Income compare to KHC and GIS?
Zambeef Products' Operating Income of ZMW607 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 Zambeef Products and its competitors. Zambeef Products's current Operating Income is ZMW607 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zambeef Products stock overvalued right now?
Based on GuruFocus' analysis, Zambeef Products (LUS:ZMBF) is currently considered Modestly Overvalued. The stock's GF Value™ is ZMW1.61, compared to a current price of ZMW1.97 — trading 22.4% above its estimated fair value. The current Operating Income is ZMW607 Mil. Zambeef Products' overall GF Score™ is 92/100 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 Zambeef Products (LUS:ZMBF), the current Operating Income is ZMW607 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 Zambeef Products (LUS:ZMBF) Overvalued in 2026?

Based on GuruFocus' analysis, Zambeef Products stock appears to be overvalued. The current stock price of ZMW1.97 is trading 22.4% above its estimated GF Value™ of ZMW1.61. GuruFocus considers Zambeef Products to be Modestly Overvalued.

Key valuation signals for LUS:ZMBF:

  • Operating Income: ZMW607 Mil
  • GF Value™: ZMW1.61 vs. price of ZMW1.97 (22.4% above fair value)
  • GF Score™: 92/100 with 8 warning signs

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


Zambeef Products Business Description

Other Exchanges ZAM:UK
Address Manda Road, Plot 4970, Industrial Area, Lusaka, ZMB
Zambeef Products PLC is a food retailer engaged in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, stock feed, and flour. The company has row cropping operations of maize, soya beans, and wheat crops under irrigation. The company's reportable segment includes Retailing and cold chain food products and Cropping and milling. The majority of the revenue for the company is generated from its cropping and milling segment which is involved in selling of sells wheat, soya, and maize grain, and flour mill and bread.
92GF Score

Get the complete analysis for LUS:ZMBF

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

ZMW1.97
Price
ZMW1.61
GF Value