Dickson Concepts (International) (STU:DCK) Operating Income: €26.8 Mil (TTM As of Mar. 2026)

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STU:DCK Dickson Concepts (International) Ltd STU:DCK
70 GF Score
Price €0.64
GF Value €0.44
! 4 Warning Signs
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What is Dickson Concepts (International) Operating Income?

Dickson Concepts (International) STU:DCK 70 Operating Income is €26.8 Mil as of Mar. 2026. GuruFocus rates STU:DCK with a GF Score™ of 70/100 and a GF Value™ of €0.44. The stock has 4 warning signs investors should review.

Dickson Concepts (International)'s Operating Income for the six months ended in Mar. 2026 was €9.9 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €26.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dickson Concepts (International)'s Operating Income for the six months ended in Mar. 2026 was €9.9 Mil. Dickson Concepts (International)'s Revenue for the six months ended in Mar. 2026 was €112.3 Mil. Therefore, Dickson Concepts (International)'s Operating Margin % for the quarter that ended in Mar. 2026 was 8.86%.

Warning Sign:

Dickson Concepts (International) Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -9.4%.

Dickson Concepts (International)'s 5-Year average Growth Rate for Operating Margin % was -9.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dickson Concepts (International)'s annualized ROC % for the quarter that ended in Mar. 2026 was 9.16%. Dickson Concepts (International)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 184.05%.

Dickson Concepts (International)  (STU:DCK) Operating Income Explanation

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

Dickson Concepts (International)'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=19.884 * ( 1 - 35.61% )/( (139.332 + 140.19)/ 2 )
=12.8033076/139.761
=9.16 %

where

Invested Capital(Q: Sep. 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))
=548.669 - 34.381 - ( 456.417 - max(0, 119.971 - 494.927+456.417))
=139.332

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))
=564.188 - 46.456 - ( 475.869 - max(0, 136.066 - 513.608+475.869))
=140.19

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Dickson Concepts (International)'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=36.984/( ( (18.127 + max(-6.9239999999999, 0)) + (22.062 + max(-8.7170000000001, 0)) )/ 2 )
=36.984/( ( 18.127 + 22.062 )/ 2 )
=36.984/20.0945
=184.05 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.215 + 20.687 + 1.1610000000001) - (34.381 + 0 + 1.606)
=-6.9239999999999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.893 + 17.669 + 1.1769999999999) - (46.456 + 0 + 0)
=-8.7170000000001

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Dickson Concepts (International)'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 )
=9.942/112.268
=8.86 %

* 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.

Dickson Concepts (International) Operating Income Related Terms

Dickson Concepts (International) Operating Income Historical Data

* Premium members only.

The historical data trend for Dickson Concepts (International)'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.

Dickson Concepts (International) Operating Income Chart

Dickson Concepts (International) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.49 41.77 40.24 25.49 26.96

Dickson Concepts (International) Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 14.21 16.19 8.83 16.86 9.94
STU:DCK
70GF Score
Dickson Concepts (International) Ltd STU:DCK
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Dickson Concepts (International) 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 semi-annually data reported by the company within the most recent 12 months, which was €26.8 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 €26.8 Mil mean?
Dickson Concepts (International) (STU:DCK) has a Operating Income of €26.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Dickson Concepts (International) and its competitors.
Is Dickson Concepts (International)'s Operating Income too high?
Dickson Concepts (International)'s current Operating Income is €26.8 Mil. Overall, Dickson Concepts (International) has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Dickson Concepts (International)'s Operating Income compare to TPR?
Dickson Concepts (International)'s Operating Income of €26.8 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Operating Income depends on the Retail - Cyclical 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 Dickson Concepts (International) and its competitors. Dickson Concepts (International)'s current Operating Income is €26.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dickson Concepts (International) stock overvalued right now?
Dickson Concepts (International) (STU:DCK) has a current Operating Income of €26.8 Mil. The stock's GF Value™ is €0.44, compared to a current price of €0.64 — trading 44.3% above its estimated fair value. The current Operating Income is €26.8 Mil. Dickson Concepts (International)'s overall GF Score™ is 70/100 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 Dickson Concepts (International) (STU:DCK), the current Operating Income is €26.8 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 Dickson Concepts (International) (STU:DCK) Overvalued in 2026?

Based on GuruFocus' analysis, Dickson Concepts (International) stock appears to be overvalued. The current stock price of €0.64 is trading 44.3% above its estimated GF Value™ of €0.44.

Key valuation signals for STU:DCK:

  • Operating Income: €26.8 Mil
  • GF Value™: €0.44 vs. price of €0.64 (44.3% above fair value)
  • GF Score™: 70/100 with 4 warning signs

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

Dickson Concepts (International) Business Description

Other Exchanges DCOHF:USA00113:Hong Kong
Address 98 Granville Road, 4th Floor East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG
Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches, and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has a presence in Hong Kong, Taiwan, and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.
70GF Score

Get the complete analysis for STU:DCK

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

€0.64
Price
€0.44
GF Value