Centum Investment Co (NAI:CTUM) Operating Income: KES-1,776 Mil (TTM As of Sep. 2025)

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NAI:CTUM Centum Investment Co Ltd NAI:CTUM
35 GF Score
Price KES18.70
GF Value KES2.52
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Centum Investment Co Operating Income?

Centum Investment Co NAI:CTUM +4.76% 35 Operating Income is KES-1,776 Mil as of Sep. 2025. GuruFocus rates NAI:CTUM with a GF Score™ of 35/100 and a GF Value™ of KES2.52 (Significantly Overvalued). The stock has 11 warning signs investors should review.

Centum Investment Co's Operating Income for the six months ended in Sep. 2025 was KES-383 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was KES-1,776 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Centum Investment Co's Operating Income for the six months ended in Sep. 2025 was KES-383 Mil. Centum Investment Co's Revenue for the six months ended in Sep. 2025 was KES1,803 Mil. Therefore, Centum Investment Co's Operating Margin % for the quarter that ended in Sep. 2025 was -21.22%.

Centum Investment Co'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. Centum Investment Co's annualized ROC % for the quarter that ended in Sep. 2025 was -0.51%. Centum Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 3.19%.


Centum Investment Co  (NAI:CTUM) Operating Income Explanation

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

Centum Investment Co's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=-765.03 * ( 1 - 47.64% )/( (75141.692 + 82759)/ 2 )
=-400.569708/78950.346
=-0.51 %

where

Invested Capital(Q: Mar. 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))
=82350.483 - 5556.882 - ( 1651.909 - max(0, 10005.272 - 12689.812+1651.909))
=75141.692

Note: The Operating Income data used here is two times the semi-annual (Sep. 2025) data.

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

Centum Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=177.04/( ( (7138.903 + max(3944.118, 0)) + (0 + max(0, 0)) )/ 2 )
=177.04/( ( 11083.021 + 0 )/ 2 )
=177.04/5541.5105
=3.19 %

where Working Capital is:

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(766.289 + 8493.339 + 1036.481) - (5556.882 + 0 + 795.109)
=3944.118

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2025) EBIT data.

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

Centum Investment Co's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=-382.515/1802.971
=-21.22 %

* 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.


Centum Investment Co Operating Income Related Terms


Centum Investment Co Operating Income Historical Data

* Premium members only.

The historical data trend for Centum Investment Co'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.

Centum Investment Co Operating Income Chart

Centum Investment Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,525.75 3,144.87 419.62 -449.96 -1,310.06

Centum Investment Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 -113.69 -336.27 83.02 -1,393.08 -382.52
NAI:CTUM
35GF Score
Centum Investment Co Ltd NAI:CTUM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Centum Investment Co 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 Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was KES-1,776 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 KES-1,776 Mil mean?
Centum Investment Co (NAI:CTUM) has a Operating Income of KES-1,776 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Centum Investment Co and its competitors.
Is Centum Investment Co's Operating Income too high?
Centum Investment Co's current Operating Income is KES-1,776 Mil. Overall, Centum Investment Co has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Centum Investment Co's Operating Income compare to MS and GS?
Centum Investment Co's Operating Income of KES-1,776 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 Centum Investment Co and its competitors. Centum Investment Co's current Operating Income is KES-1,776 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centum Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Centum Investment Co (NAI:CTUM) is currently considered Significantly Overvalued. The stock's GF Value™ is KES2.52, compared to a current price of KES18.70 — trading 642.1% above its estimated fair value. The current Operating Income is KES-1,776 Mil. Centum Investment Co's overall GF Score™ is 35/100 with 11 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 Centum Investment Co (NAI:CTUM), the current Operating Income is KES-1,776 Mil as of Sep. 2025. 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 Centum Investment Co (NAI:CTUM) Overvalued in 2026?

Based on GuruFocus' analysis, Centum Investment Co stock appears to be overvalued. The current stock price of KES18.70 is trading 642.1% above its estimated GF Value™ of KES2.52. GuruFocus considers Centum Investment Co to be Significantly Overvalued.

Key valuation signals for NAI:CTUM:

  • Operating Income: KES-1,776 Mil
  • GF Value™: KES2.52 vs. price of KES18.70 (642.1% above fair value)
  • GF Score™: 35/100 with 11 warning signs

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


Centum Investment Co Business Description

Address Limuru Road, Two Rivers Office Towers, P.O. Box 10518, 9th Floor, South Tower, Nairobi, KEN, 00100
Centum Investment Co Ltd is an investment company that provides access to a portfolio of inaccessible, quality, diversified investments to investors. Its objective is to consistently generate market-beating returns by building extraordinary enterprises throughout Africa. The company's operating segment include Private Equity; Real Estate and Marketable securities. The Private Equity segment includes publishing, financial services, and utility companies as well as also responsible for managing Development Portfolio. The Marketable securities segment includes dividend and interest income, real estate sales and proceeds from exits in the private equity and marketable securities portfolios and the Real Estate segment includes developments in East Africa.
35GF Score

Get the complete analysis for NAI:CTUM

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

KES18.70
Price
KES2.52
GF Value