Scandinavian Astor Group AB (NGM:ASTOR) Operating Income: kr52.2 Mil (TTM As of Mar. 2026)

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NGM:ASTOR Scandinavian Astor Group AB NGM:ASTOR
55 GF Score
Price kr18.60
GF Value kr37.96
Valuation Possible Value Trap
! 5 Warning Signs
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What is Scandinavian Astor Group AB Operating Income?

Scandinavian Astor Group AB NGM:ASTOR +0.27% 55 Operating Income is kr52.2 Mil as of Mar. 2026. GuruFocus rates NGM:ASTOR with a GF Score™ of 55/100 and a GF Value™ of kr37.96 (Possible Value Trap). The stock has 5 warning signs investors should review.

Scandinavian Astor Group AB's Operating Income for the three months ended in Mar. 2026 was kr10.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was kr52.2 Mil.

Warning Sign:

Scandinavian Astor Group AB has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Scandinavian Astor Group AB's Operating Income for the three months ended in Mar. 2026 was kr10.4 Mil. Scandinavian Astor Group AB's Revenue for the three months ended in Mar. 2026 was kr130.1 Mil. Therefore, Scandinavian Astor Group AB's Operating Margin % for the quarter that ended in Mar. 2026 was 8.02%.

Scandinavian Astor Group AB'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. Scandinavian Astor Group AB's annualized ROC % for the quarter that ended in Mar. 2026 was 4.57%. Scandinavian Astor Group AB's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.39%.


Scandinavian Astor Group AB  (NGM:ASTOR) Operating Income Explanation

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

Scandinavian Astor Group AB'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 )
=41.716 * ( 1 - 0% )/( (926.971 + 896.847)/ 2 )
=41.716/911.909
=4.57 %

where

Invested Capital(Q: Dec. 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))
=1179.587 - 41.144 - ( 211.472 - max(0, 264.736 - 569.75+211.472))
=926.971

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))
=1182.867 - 37.346 - ( 248.674 - max(0, 254.754 - 555.509+248.674))
=896.847

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

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

Scandinavian Astor Group AB'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 )
=67.044/( ( (270.671 + max(76.735, 0)) + (268.417 + max(113.275, 0)) )/ 2 )
=67.044/( ( 347.406 + 381.692 )/ 2 )
=67.044/364.549
=18.39 %

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)
=(159.705 + 138.674 + 5.005) - (41.144 + 0 + 185.505)
=76.735

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(86.549 + 152.911 + 67.375) - (37.346 + 0 + 156.214)
=113.275

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 %:

Scandinavian Astor Group AB'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 )
=10.429/130.116
=8.02 %

* 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.


Scandinavian Astor Group AB Operating Income Related Terms


Scandinavian Astor Group AB Operating Income Historical Data

* Premium members only.

The historical data trend for Scandinavian Astor Group AB'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.

Scandinavian Astor Group AB Operating Income Chart

Scandinavian Astor Group AB Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Operating Income
-9.10 -4.04 2.48 39.96

Scandinavian Astor Group AB Quarterly Data
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 2.67 2.63 6.62 32.50 10.43
NGM:ASTOR
55GF Score
Scandinavian Astor Group AB NGM:ASTOR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Scandinavian Astor Group AB 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 kr52.2 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 kr52.2 Mil mean?
Scandinavian Astor Group AB (NGM:ASTOR) has a Operating Income of kr52.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Scandinavian Astor Group AB and its competitors.
Is Scandinavian Astor Group AB's Operating Income too high?
Scandinavian Astor Group AB's current Operating Income is kr52.2 Mil. Overall, Scandinavian Astor Group AB has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Astor Group AB's Operating Income compare to SPCX and GE?
Scandinavian Astor Group AB's Operating Income of kr52.2 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense 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 Scandinavian Astor Group AB and its competitors. Scandinavian Astor Group AB's current Operating Income is kr52.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Astor Group AB stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Astor Group AB (NGM:ASTOR) is currently considered Possible Value Trap. The stock's GF Value™ is kr37.96, compared to a current price of kr18.60 — trading 51% below its estimated fair value. The current Operating Income is kr52.2 Mil. Scandinavian Astor Group AB's overall GF Score™ is 55/100 with 5 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 Scandinavian Astor Group AB (NGM:ASTOR), the current Operating Income is kr52.2 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 Scandinavian Astor Group AB (NGM:ASTOR) Overvalued in 2026?

Based on GuruFocus' analysis, Scandinavian Astor Group AB stock appears to be undervalued. The current stock price of kr18.60 is trading 51% below its estimated GF Value™ of kr37.96. GuruFocus considers Scandinavian Astor Group AB to be Possible Value Trap.

Key valuation signals for NGM:ASTOR:

  • Operating Income: kr52.2 Mil
  • GF Value™: kr37.96 vs. price of kr18.60 (51% below fair value)
  • GF Score™: 55/100 with 5 warning signs

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


Scandinavian Astor Group AB Business Description

Other Exchanges Y73:Germany
Address Torshamnsgatan 9, Kista, Stockholm, SWE, 164 40
Scandinavian Astor Group AB is a prominent player in the defence industry, specialising in delivering high-quality products, services and technical solutions, in the defence sector and civil security, and other industrial segments. The Group is divided into three business areas: Astor Industry, Astor Tech and Astor Protect. The company generates revenues by selling customized products and services to the defense and security sectors, as well as civilian markets. Geographically, it operates in Sweden, Other EMEA, Americas, and Asia Pacific.
55GF Score

Get the complete analysis for NGM:ASTOR

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

kr18.60
Price
kr37.96
GF Value