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Synlait Milk's Operating Income for the
six
months ended in Jan. 2026 was NZ$-72 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Jan. 2026 was NZ$-151 Mil.
Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Synlait Milk's annualizedROC % for the quarter that ended in Jan. 2026 was -10.70%.
Synlait Milk's annualizedROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was -10.74%.
Synlait Milk (NZSE:SML) Operating Income Explanation
1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Synlait Milk's annualizedROC % for the quarter that ended in Jan. 2026 is calculated as:
* 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.
Synlait Milk Operating Income Related Terms
Synlait Milk Operating Income Historical Data
* Premium members only.
The historical data trend for Synlait Milk'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.
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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was NZ$-151 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Synlait Milk (NZSE:SML) has a Operating Income of NZ$-151 Mil as of Jan. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Synlait Milk and its competitors.
Is Synlait Milk's Operating Income too high?
Synlait Milk's current Operating Income is NZ$-151 Mil. Overall, Synlait Milk has a GF Score™ of 29/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Synlait Milk's Operating Income compare to KHC and GIS?
Synlait Milk's Operating Income of NZ$-151 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 Synlait Milk and its competitors. Synlait Milk's current Operating Income is NZ$-151 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synlait Milk stock overvalued right now?
Based on GuruFocus' analysis, Synlait Milk (NZSE:SML) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$0.33, compared to a current price of NZ$0.38 — trading 15.2% above its estimated fair value. The current Operating Income is NZ$-151 Mil. Synlait Milk's overall GF Score™ is 29/100 with 4 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 Synlait Milk (NZSE:SML), the current Operating Income is NZ$-151 Mil as of Jan. 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 Synlait Milk (NZSE:SML) Overvalued in 2026?
Based on GuruFocus' analysis, Synlait Milk stock appears to be overvalued.
The current stock price of NZ$0.38 is trading 15.2% above its estimated GF Value™ of NZ$0.33.
GuruFocus considers Synlait Milk to be Modestly Overvalued.
Key valuation signals for NZSE:SML:
Operating Income: NZ$-151 Mil
GF Value™: NZ$0.33 vs. price of NZ$0.38 (15.2% above fair value)
No single metric tells the full story. See the NZSE:SML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. Its segment are Synlait and Dairyworks, out of which it derives maximum revenue from Synlait segment.
29GF Score
Get the complete analysis for NZSE:SML
Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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