Universal Robina (PHS:URC) Operating Income: ₱15,319 Mil (TTM As of Mar. 2026)


PHS:URC Universal Robina Corp PHS:URC
85 GF Score
Price ₱64.00
GF Value ₱99.68
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Universal Robina Operating Income?

Universal Robina PHS:URC -0.54% 85 Operating Income is ₱15,319 Mil as of Mar. 2026. GuruFocus rates PHS:URC with a GF Score™ of 85/100 and a GF Value™ of ₱99.68 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Universal Robina's Operating Income for the three months ended in Mar. 2026 was ₱5,368 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₱15,319 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Universal Robina's Operating Income for the three months ended in Mar. 2026 was ₱5,368 Mil. Universal Robina's Revenue for the three months ended in Mar. 2026 was ₱47,873 Mil. Therefore, Universal Robina's Operating Margin % for the quarter that ended in Mar. 2026 was 11.21%.

Warning Sign:

Universal Robina Corp operating margin has been in a 5-year decline. The average rate of decline per year is -4%.

Universal Robina's 5-Year average Growth Rate for Operating Margin % was -4.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Universal Robina's annualized ROC % for the quarter that ended in Mar. 2026 was 11.28%. Universal Robina's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.25%.


Universal Robina  (PHS:URC) Operating Income Explanation

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

Universal Robina'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 )
=21471.532 * ( 1 - 20.38% )/( (153844.467 + 149190.009)/ 2 )
=17095.6337784/151517.238
=11.28 %

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))
=183049.48 - 17683.64 - ( 11521.373 - max(0, 52457.758 - 77518.137+11521.373))
=153844.467

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))
=188606.152 - 25863.666 - ( 13552.477 - max(0, 57552.635 - 81734.287+13552.477))
=149190.009

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

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

Universal Robina'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 )
=21934.42/( ( (72996.558 + max(33081.726, 0)) + (74063.696 + max(26277.917, 0)) )/ 2 )
=21934.42/( ( 106078.284 + 100341.613 )/ 2 )
=21934.42/103209.9485
=21.25 %

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)
=(18069.992 + 38159.032 + 5593.339) - (17683.64 + 0 + 11056.997)
=33081.726

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17715.984 + 40461.023 + 5039.832) - (25863.666 + 0 + 11075.256)
=26277.917

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 %:

Universal Robina'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 )
=5367.883/47872.956
=11.21 %

* 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.


Universal Robina Operating Income Related Terms


Universal Robina Operating Income Historical Data

* Premium members only.

The historical data trend for Universal Robina'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.

Universal Robina Operating Income Chart

Universal Robina Annual Data
Trend Sep16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12,144.18 14,905.78 17,152.73 16,484.07 15,422.50

Universal Robina Quarterly Data
Jun21 Sep21 Dec21 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 Premium Member Only Premium Member Only Premium Member Only 5,471.21 3,950.46 2,960.51 3,040.32 5,367.88
PHS:URC
85GF Score
Universal Robina Corp PHS:URC
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Universal Robina 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 ₱15,319 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 ₱15,319 Mil mean?
Universal Robina (PHS:URC) has a Operating Income of ₱15,319 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Universal Robina and its competitors.
Is Universal Robina's Operating Income too high?
Universal Robina's current Operating Income is ₱15,319 Mil. Overall, Universal Robina has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Robina's Operating Income compare to KHC and GIS?
Universal Robina's Operating Income of ₱15,319 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 Universal Robina and its competitors. Universal Robina's current Operating Income is ₱15,319 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Robina stock overvalued right now?
Based on GuruFocus' analysis, Universal Robina (PHS:URC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱99.68, compared to a current price of ₱64.00 — trading 35.8% below its estimated fair value. The current Operating Income is ₱15,319 Mil. Universal Robina's overall GF Score™ is 85/100 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 Universal Robina (PHS:URC), the current Operating Income is ₱15,319 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 Universal Robina (PHS:URC) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Robina stock appears to be undervalued. The current stock price of ₱64.00 is trading 35.8% below its estimated GF Value™ of ₱99.68. GuruFocus considers Universal Robina to be Significantly Undervalued.

Key valuation signals for PHS:URC:

  • Operating Income: ₱15,319 Mil
  • GF Value™: ₱99.68 vs. price of ₱64.00 (35.8% below fair value)
  • GF Score™: 85/100 with 3 warning signs

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


Universal Robina Business Description

Other Exchanges UVRBY:USAUVRBF:USA
Address E. Rodriguez, Jr. Avenue C5 Road, 8th Floor, Tera Tower, Bridgetowne, Ugong Norte, Metro Manila, Quezon City, PHL, 1110
Universal Robina Corp is branded food products companies in the Philippines and has a powerful presence in ASEAN markets. The Group organized into three business segments branded consumer foods which manufactures, distributes, sells and markets a diverse mix of food and beverage products; Animal Nutrition and Health which focuses on animal nutrition through its core animal feeds business, complemented by the expansion of its pet food portfolio, and its drugs and disinfectants; and Commodities. The corporate business segment engages in bonds and securities investment and fund sourcing activities. The majority of revenue comes from Branded consumer foods. The Group operates in the Philippines, Vietnam, Thailand, Myanmar, Indonesia, Malaysia, Singapore, China and Hong Kong.
85GF Score

Get the complete analysis for PHS:URC

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

₱64.00
Price
₱99.68
GF Value