BUA Foods (NSA:BUAFOODS) Operating Income: ₦691,333 Mil (TTM As of Jun. 2026)

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NSA:BUAFOODS BUA Foods PLC NSA:BUAFOODS
91 GF Score
Price ₦760.60
GF Value ₦613.04
Valuation Modestly Overvalued
! 3 Warning Signs
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What is BUA Foods Operating Income?

BUA Foods NSA:BUAFOODS 91 Operating Income is ₦691,333 Mil as of Jun. 2026. GuruFocus rates NSA:BUAFOODS with a GF Score™ of 91/100 and a GF Value™ of ₦613.04 (Modestly Overvalued). The stock has 3 warning signs investors should review.

BUA Foods's Operating Income for the three months ended in Jun. 2026 was ₦164,237 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₦691,333 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. BUA Foods's Operating Income for the three months ended in Jun. 2026 was ₦164,237 Mil. BUA Foods's Revenue for the three months ended in Jun. 2026 was ₦370,499 Mil. Therefore, BUA Foods's Operating Margin % for the quarter that ended in Jun. 2026 was 44.33%.

Good Sign:

BUA Foods PLC operating margin is expanding. Margin expansion is usually a good sign.

BUA Foods's 5-Year average Growth Rate for Operating Margin % was 8.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BUA Foods's annualized ROC % for the quarter that ended in Jun. 2026 was 47.67%. BUA Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 165.90%.


BUA Foods  (NSA:BUAFOODS) Operating Income Explanation

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

BUA Foods's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=656946.848 * ( 1 - 7.02% )/( (1279799.332 + 1283104.034)/ 2 )
=610829.1792704/1281451.683
=47.67 %

where

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))
=1555681.33 - 222374.572 - ( 53507.426 - max(0, 698406.11 - 1159413.494+53507.426))
=1279799.332

Invested Capital(Q: Jun. 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))
=1671248.265 - 238625.311 - ( 149518.92 - max(0, 659852.614 - 1266011.449+149518.92))
=1283104.034

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

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

BUA Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=664862.708/( ( (396267.835 + max(-218223.091, 0)) + (405236.816 + max(-240496.592, 0)) )/ 2 )
=664862.708/( ( 396267.835 + 405236.816 )/ 2 )
=664862.708/400752.3255
=165.90 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7488.555 + 73305.831 + 14177.683) - (222374.572 + 0 + 90820.588)
=-218223.091

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7568.729 + 51229.524 + 17400.066) - (238625.311 + 0 + 78069.6)
=-240496.592

When net working capital is negative, 0 is used.

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

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

BUA Foods's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=164236.712/370499.411
=44.33 %

* 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.


BUA Foods Operating Income Related Terms


BUA Foods Operating Income Historical Data

* Premium members only.

The historical data trend for BUA Foods'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.

BUA Foods Operating Income Chart

BUA Foods Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 81,296.12 113,654.99 207,177.97 475,232.97 658,549.31

BUA Foods Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 145,587.45 152,644.86 219,652.19 154,798.97 164,236.71
NSA:BUAFOODS
91GF Score
BUA Foods PLC NSA:BUAFOODS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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BUA Foods 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦691,333 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 ₦691,333 Mil mean?
BUA Foods (NSA:BUAFOODS) has a Operating Income of ₦691,333 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on BUA Foods and its competitors.
Is BUA Foods' Operating Income too high?
BUA Foods' current Operating Income is ₦691,333 Mil. Overall, BUA Foods has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BUA Foods' Operating Income compare to KHC and GIS?
BUA Foods' Operating Income of ₦691,333 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 BUA Foods and its competitors. BUA Foods's current Operating Income is ₦691,333 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BUA Foods stock overvalued right now?
Based on GuruFocus' analysis, BUA Foods (NSA:BUAFOODS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦613.04, compared to a current price of ₦760.60 — trading 24.1% above its estimated fair value. The current Operating Income is ₦691,333 Mil. BUA Foods' overall GF Score™ is 91/100 with 3 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 BUA Foods (NSA:BUAFOODS), the current Operating Income is ₦691,333 Mil as of Jun. 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 BUA Foods (NSA:BUAFOODS) Overvalued in 2026?

Based on GuruFocus' analysis, BUA Foods stock appears to be overvalued. The current stock price of ₦760.60 is trading 24.1% above its estimated GF Value™ of ₦613.04. GuruFocus considers BUA Foods to be Modestly Overvalued.

Key valuation signals for NSA:BUAFOODS:

  • Operating Income: ₦691,333 Mil
  • GF Value™: ₦613.04 vs. price of ₦760.60 (24.1% above fair value)
  • GF Score™: 91/100 with 3 warning signs

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


BUA Foods Business Description

Address Churchgate Street, 3rd Floor BUA Towers, PC 32, P.O.Box 70106, Victoria Island, Lagos, NGA
BUA Foods PLC is involved in the food and fast-moving consumer goods business which processes, manufactures, and distributes food as well as packaged food. The company's business operations comprise five divisions, including Sugar, Flour, Pasta, Rice, and Edible Oils. It has four segments Flour segment, Sugar segment, Pasta segment, and Others. Maximum revenue is from sales of Flour.
91GF Score

Get the complete analysis for NSA:BUAFOODS

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

₦760.60
Price
₦613.04
GF Value