Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Operating Income: ر.ع28.30 Mil (TTM As of Mar. 2026)

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MUS:SSPW Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
66 GF Score
Price ر.ع0.26
GF Value ر.ع0.11
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Sembcorplalah Power & Water CompanyOG Operating Income?

Sembcorplalah Power & Water CompanyOG MUS:SSPW +1.57% 66 Operating Income is ر.ع28.30 Mil as of Mar. 2026. GuruFocus rates MUS:SSPW with a GF Score™ of 66/100 and a GF Value™ of ر.ع0.11 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Sembcorplalah Power & Water CompanyOG's Operating Income for the three months ended in Mar. 2026 was ر.ع6.42 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ر.ع28.30 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sembcorplalah Power & Water CompanyOG's Operating Income for the three months ended in Mar. 2026 was ر.ع6.42 Mil. Sembcorplalah Power & Water CompanyOG's Revenue for the three months ended in Mar. 2026 was ر.ع21.23 Mil. Therefore, Sembcorplalah Power & Water CompanyOG's Operating Margin % for the quarter that ended in Mar. 2026 was 30.22%.

Warning Sign:

Sembcorp Salalah Power & Water Company SAOG operating margin has been in a 5-year decline. The average rate of decline per year is -5.7%.

Sembcorplalah Power & Water CompanyOG's 5-Year average Growth Rate for Operating Margin % was -5.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sembcorplalah Power & Water CompanyOG's annualized ROC % for the quarter that ended in Mar. 2026 was 9.15%. Sembcorplalah Power & Water CompanyOG's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.49%.


Sembcorplalah Power & Water CompanyOG  (MUS:SSPW) Operating Income Explanation

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

Sembcorplalah Power & Water CompanyOG'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: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=25.66 * ( 1 - 15.03% )/( (245.884 + 230.495)/ 2 )
=21.803302/238.1895
=9.15 %

where

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

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

Sembcorplalah Power & Water CompanyOG'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: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=26.392/( ( (217.211 + max(16.347, 0)) + (214.646 + max(11.38, 0)) )/ 2 )
=26.392/( ( 233.558 + 226.026 )/ 2 )
=26.392/229.792
=11.49 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.15 + 5.99 + 14.324) - (7.971 + 0 + 3.146)
=16.347

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.361 + 6.134 + 11.512) - (10.352 + 0 + 3.275)
=11.38

When net working capital is negative, 0 is used.

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

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

Sembcorplalah Power & Water CompanyOG'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 )
=6.415/21.226
=30.22 %

* 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.


Sembcorplalah Power & Water CompanyOG Operating Income Related Terms


Sembcorplalah Power & Water CompanyOG Operating Income Historical Data

* Premium members only.

The historical data trend for Sembcorplalah Power & Water CompanyOG'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.

Sembcorplalah Power & Water CompanyOG Operating Income Chart

Sembcorplalah Power & Water CompanyOG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.19 30.12 28.91 29.44 28.35

Sembcorplalah Power & Water CompanyOG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 6.46 8.27 7.05 6.57 6.42
MUS:SSPW
66GF Score
Sembcorp Salalah Power & Water Company SAOG MUS:SSPW
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sembcorplalah Power & Water CompanyOG 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 quarterly data reported by the company within the most recent 12 months, which was ر.ع28.30 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 ر.ع28.30 Mil mean?
Sembcorplalah Power & Water CompanyOG (MUS:SSPW) has a Operating Income of ر.ع28.30 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sembcorplalah Power & Water CompanyOG and its competitors.
Is Sembcorplalah Power & Water CompanyOG's Operating Income too high?
Sembcorplalah Power & Water CompanyOG's current Operating Income is ر.ع28.30 Mil. Overall, Sembcorplalah Power & Water CompanyOG has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sembcorplalah Power & Water CompanyOG's Operating Income compare to CEG and VST?
Sembcorplalah Power & Water CompanyOG's Operating Income of ر.ع28.30 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Sembcorplalah Power & Water CompanyOG and its competitors. Sembcorplalah Power & Water CompanyOG's current Operating Income is ر.ع28.30 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sembcorplalah Power & Water CompanyOG stock overvalued right now?
Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG (MUS:SSPW) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.11, compared to a current price of ر.ع0.26 — trading 135.5% above its estimated fair value. The current Operating Income is ر.ع28.30 Mil. Sembcorplalah Power & Water CompanyOG's overall GF Score™ is 66/100 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW), the current Operating Income is ر.ع28.30 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 Sembcorplalah Power & Water CompanyOG (MUS:SSPW) Overvalued in 2026?

Based on GuruFocus' analysis, Sembcorplalah Power & Water CompanyOG stock appears to be overvalued. The current stock price of ر.ع0.26 is trading 135.5% above its estimated GF Value™ of ر.ع0.11. GuruFocus considers Sembcorplalah Power & Water CompanyOG to be Significantly Overvalued.

Key valuation signals for MUS:SSPW:

  • Operating Income: ر.ع28.30 Mil
  • GF Value™: ر.ع0.11 vs. price of ر.ع0.26 (135.5% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Sembcorplalah Power & Water CompanyOG Business Description

Address PO Box 1466, Salalah, OMN, 211
Sembcorp Salalah Power & Water Company SAOG develops, owns, and operates an electricity generation and seawater desalination plant located between the towns of Taqah and Mirbat. The plant meets the growing power and water demands of the region over the short, medium, and long term. The company generates its revenues from PWPA with Oman Power & Water Procurement Company. Under the terms of the PWPA, the plant's contracted power and water capacity are sold exclusively to OPWP on a long-term take-or-pay basis.
66GF Score

Get the complete analysis for MUS:SSPW

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

ر.ع0.26
Price
ر.ع0.11
GF Value