Icelandiclmon AS (OISE:ISLAX) Operating Income: kr-3,531 Mil (TTM As of Dec. 2025)

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OISE:ISLAX Icelandic Salmon AS OISE:ISLAX
47 GF Score
Price kr805.00
GF Value kr1,136.11
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Icelandiclmon AS Operating Income?

Icelandiclmon AS OISE:ISLAX 47 Operating Income is kr-3,531 Mil as of Dec. 2025. GuruFocus rates OISE:ISLAX with a GF Score™ of 47/100 and a GF Value™ of kr1,136.11 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Icelandiclmon AS's Operating Income for the six months ended in Dec. 2025 was kr169 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was kr-3,531 Mil.

Warning Sign:

Icelandic Salmon AS 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. Icelandiclmon AS's Operating Income for the six months ended in Dec. 2025 was kr169 Mil. Icelandiclmon AS's Revenue for the six months ended in Dec. 2025 was kr7,874 Mil. Therefore, Icelandiclmon AS's Operating Margin % for the quarter that ended in Dec. 2025 was 2.15%.

Icelandiclmon AS'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. Icelandiclmon AS's annualized ROC % for the quarter that ended in Dec. 2025 was 0.10%. Icelandiclmon AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.51%.


Icelandiclmon AS  (OISE:ISLAX) Operating Income Explanation

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

Icelandiclmon AS's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=337.93 * ( 1 - 89.66% )/( (33956.531 + 37821.68)/ 2 )
=34.941962/35889.1055
=0.10 %

where

Invested Capital(Q: Jun. 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))
=37613.894 - 2933.316 - ( 724.047 - max(0, 4073.583 - 15718.509+724.047))
=33956.531

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))
=40199.173 - 1321.969 - ( 1055.524 - max(0, 3597.072 - 18785.994+1055.524))
=37821.68

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

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

Icelandiclmon AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=439.598/( ( (16398.174 + max(11096.699, 0)) + (15756.326 + max(14862.69, 0)) )/ 2 )
=439.598/( ( 27494.873 + 30619.016 )/ 2 )
=439.598/29056.9445
=1.51 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1413.243 + 12616.771 + 0) - (2933.316 + 0 + -0.00099999999974898)
=11096.699

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1080.508 + 16235.637 + -3.6379788070917E-12) - (1321.969 + 0 + 1131.486)
=14862.69

When net working capital is negative, 0 is used.

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

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

Icelandiclmon AS's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=168.965/7874.191
=2.15 %

* 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.


Icelandiclmon AS Operating Income Related Terms


Icelandiclmon AS Operating Income Historical Data

* Premium members only.

The historical data trend for Icelandiclmon AS'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.

Icelandiclmon AS Operating Income Chart

Icelandiclmon AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 567.04 4,505.46 1,771.40 399.43 -3,587.25

Icelandiclmon AS Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -225.14 329.63 78.78 -3,699.90 168.97
OISE:ISLAX
47GF Score
Icelandic Salmon AS OISE:ISLAX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Icelandiclmon AS 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-3,531 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 kr-3,531 Mil mean?
Icelandiclmon AS (OISE:ISLAX) has a Operating Income of kr-3,531 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Icelandiclmon AS and its competitors.
Is Icelandiclmon AS's Operating Income too high?
Icelandiclmon AS's current Operating Income is kr-3,531 Mil. Overall, Icelandiclmon AS has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Icelandiclmon AS's Operating Income compare to ADM and BG?
Icelandiclmon AS's Operating Income of kr-3,531 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 Icelandiclmon AS and its competitors. Icelandiclmon AS's current Operating Income is kr-3,531 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandiclmon AS stock overvalued right now?
Based on GuruFocus' analysis, Icelandiclmon AS (OISE:ISLAX) is currently considered Modestly Undervalued. The stock's GF Value™ is kr1,136.11, compared to a current price of kr805.00 — trading 29.1% below its estimated fair value. The current Operating Income is kr-3,531 Mil. Icelandiclmon AS's overall GF Score™ is 47/100 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 Icelandiclmon AS (OISE:ISLAX), the current Operating Income is kr-3,531 Mil as of Dec. 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 Icelandiclmon AS (OISE:ISLAX) Overvalued in 2026?

Based on GuruFocus' analysis, Icelandiclmon AS stock appears to be undervalued. The current stock price of kr805.00 is trading 29.1% below its estimated GF Value™ of kr1,136.11. GuruFocus considers Icelandiclmon AS to be Modestly Undervalued.

Key valuation signals for OISE:ISLAX:

  • Operating Income: kr-3,531 Mil
  • GF Value™: kr1,136.11 vs. price of kr805.00 (29.1% below fair value)
  • GF Score™: 47/100 with 7 warning signs

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


Icelandiclmon AS Business Description

Other Exchanges ISLAX:NorwayI6X:Germany
Address Industriveien 51, Kverva, NOR, 7266
Icelandic Salmon AS is an aquaculture company in Iceland. It is engaged in the production, processing and sale of salmon and salmon-based products. Geographically, it derives the majority of revenue from Europe and the rest from North America and Asia.
47GF Score

Get the complete analysis for OISE:ISLAX

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

kr805.00
Price
kr1,136.11
GF Value