China Foods (STU:CFH) Operating Income: €230 Mil (TTM As of Dec. 2025)

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STU:CFH China Foods Ltd STU:CFH
54 GF Score
Price €0.34
GF Value €0.35
Valuation Fairly Valued
! 1 Warning Sign
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What is China Foods Operating Income?

China Foods STU:CFH -1.72% 54 Operating Income is €230 Mil as of Dec. 2025. GuruFocus rates STU:CFH with a GF Score™ of 54/100 and a GF Value™ of €0.35 (Fairly Valued). The stock has 1 warning sign investors should review.

China Foods's Operating Income for the six months ended in Dec. 2025 was €73 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €230 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. China Foods's Operating Income for the six months ended in Dec. 2025 was €73 Mil. China Foods's Revenue for the six months ended in Dec. 2025 was €1,187 Mil. Therefore, China Foods's Operating Margin % for the quarter that ended in Dec. 2025 was 6.14%.

Good Sign:

China Foods Ltd operating margin is expanding. Margin expansion is usually a good sign.

China Foods's 5-Year average Growth Rate for Operating Margin % was 7.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Foods's annualized ROC % for the quarter that ended in Dec. 2025 was 6.20%. China Foods's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 20.87%.


China Foods  (STU:CFH) Operating Income Explanation

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

China Foods'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 )
=145.742 * ( 1 - 27.59% )/( (1661.553 + 1740.953)/ 2 )
=105.5317822/1701.253
=6.20 %

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))
=2263.88 - 597.949 - ( 611.567 - max(0, 992.919 - 997.297+611.567))
=1661.553

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))
=2229.256 - 410.432 - ( 551.632 - max(0, 905.103 - 982.974+551.632))
=1740.953

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:

China Foods'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 )
=151.084/( ( (759.486 + max(-789.25, 0)) + (688.211 + max(-552.89, 0)) )/ 2 )
=151.084/( ( 759.486 + 688.211 )/ 2 )
=151.084/723.8485
=20.87 %

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)
=(78.45 + 117.307 + 3.3869999999999) - (597.949 + 0 + 390.445)
=-789.25

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39.979 + 197.587 + 109.847) - (410.432 + 0 + 489.871)
=-552.89

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 %:

China Foods'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 )
=72.871/1187.309
=6.14 %

* 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.


China Foods Operating Income Related Terms


China Foods Operating Income Historical Data

* Premium members only.

The historical data trend for China 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.

China Foods Operating Income Chart

China Foods Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 183.03 210.85 222.96 240.12 230.59

China Foods Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 65.07 156.46 79.85 157.06 72.87
STU:CFH
54GF Score
China Foods Ltd STU:CFH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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China 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €230 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 €230 Mil mean?
China Foods (STU:CFH) has a Operating Income of €230 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on China Foods and its competitors.
Is China Foods' Operating Income too high?
China Foods' current Operating Income is €230 Mil. Overall, China Foods has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Foods' Operating Income compare to KO and PEP?
China Foods' Operating Income of €230 Mil can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Operating Income depends on the Beverages - Non-Alcoholic 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 China Foods and its competitors. China Foods's current Operating Income is €230 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Foods stock overvalued right now?
Based on GuruFocus' analysis, China Foods (STU:CFH) is currently considered Fairly Valued. The stock's GF Value™ is €0.35, compared to a current price of €0.34 — trading 2.3% below its estimated fair value. The current Operating Income is €230 Mil. China Foods' overall GF Score™ is 54/100 with 1 warning sign 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 China Foods (STU:CFH), the current Operating Income is €230 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 China Foods (STU:CFH) Overvalued in 2026?

Based on GuruFocus' analysis, China Foods stock appears to be undervalued. The current stock price of €0.34 is trading 2.3% below its estimated GF Value™ of €0.35. GuruFocus considers China Foods to be Fairly Valued.

Key valuation signals for STU:CFH:

  • Operating Income: €230 Mil
  • GF Value™: €0.35 vs. price of €0.34 (2.3% below fair value)
  • GF Score™: 54/100 with 1 warning sign

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


China Foods Business Description

Address 262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG
China Foods Ltd is an investment holding company that operates in the beverage business. It offers twenty-four brands of products in ten types of beverages which include sparkling drink, juice, water, milk drink, energy drink, tea, coffee, functional nutrition drink, sports drink, plant-based protein drink, and alcoholic drink.
54GF Score

Get the complete analysis for STU:CFH

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

€0.34
Price
€0.35
GF Value