Uni-President Enterprises (TPE:1216) Operating Income: NT$35,097 Mil (TTM As of Mar. 2026)

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TPE:1216 Uni-President Enterprises Corp TPE:1216
89 GF Score
Price NT$75.70
GF Value NT$88.30
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Uni-President Enterprises Operating Income?

Uni-President Enterprises TPE:1216 +3.70% 89 Operating Income is NT$35,097 Mil as of Mar. 2026. GuruFocus rates TPE:1216 with a GF Score™ of 89/100 and a GF Value™ of NT$88.30 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Uni-President Enterprises's Operating Income for the three months ended in Mar. 2026 was NT$10,284 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was NT$35,097 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Uni-President Enterprises's Operating Income for the three months ended in Mar. 2026 was NT$10,284 Mil. Uni-President Enterprises's Revenue for the three months ended in Mar. 2026 was NT$175,017 Mil. Therefore, Uni-President Enterprises's Operating Margin % for the quarter that ended in Mar. 2026 was 5.88%.

Warning Sign:

Uni-President Enterprises Corp operating margin has been in a 5-year decline. The average rate of decline per year is -5.1%.

Uni-President Enterprises's 5-Year average Growth Rate for Operating Margin % was -5.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Uni-President Enterprises's annualized ROC % for the quarter that ended in Mar. 2026 was 4.73%. Uni-President Enterprises's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 17.03%.


Uni-President Enterprises  (TPE:1216) Operating Income Explanation

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

Uni-President Enterprises'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 )
=41136.012 * ( 1 - 26.51% )/( (633875.702 + 644242.172)/ 2 )
=30230.8552188/639058.937
=4.73 %

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))
=737441.27 - 137619.159 - ( 134549.54 - max(0, 271227.631 - 237174.04+134549.54))
=633875.702

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))
=749062.049 - 136736.27 - ( 141315.266 - max(0, 273723.981 - 241807.588+141315.266))
=644242.172

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

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

Uni-President Enterprises'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 )
=58248.7/( ( (340650.26 + max(-79174.319, 0)) + (343592.869 + max(-71234.293, 0)) )/ 2 )
=58248.7/( ( 340650.26 + 343592.869 )/ 2 )
=58248.7/342121.5645
=17.03 %

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)
=(19907.152 + 62285.424 + 11369.413) - (137619.159 + 0 + 35117.149)
=-79174.319

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20501.511 + 58206.374 + 12055.189) - (136736.27 + 0 + 25261.097)
=-71234.293

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 %:

Uni-President Enterprises'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 )
=10284.003/175017.371
=5.88 %

* 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.


Uni-President Enterprises Operating Income Related Terms


Uni-President Enterprises Operating Income Historical Data

* Premium members only.

The historical data trend for Uni-President Enterprises'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.

Uni-President Enterprises Operating Income Chart

Uni-President Enterprises 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 28,448.26 29,037.25 28,713.61 33,849.17 34,878.69

Uni-President Enterprises 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 10,065.67 10,280.97 10,446.17 4,085.88 10,284.00
TPE:1216
89GF Score
Uni-President Enterprises Corp TPE:1216
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Uni-President Enterprises 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 NT$35,097 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 NT$35,097 Mil mean?
Uni-President Enterprises (TPE:1216) has a Operating Income of NT$35,097 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Uni-President Enterprises and its competitors.
Is Uni-President Enterprises' Operating Income too high?
Uni-President Enterprises' current Operating Income is NT$35,097 Mil. Overall, Uni-President Enterprises has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Uni-President Enterprises' Operating Income compare to KHC and GIS?
Uni-President Enterprises' Operating Income of NT$35,097 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 Uni-President Enterprises and its competitors. Uni-President Enterprises's current Operating Income is NT$35,097 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Uni-President Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Uni-President Enterprises (TPE:1216) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$88.30, compared to a current price of NT$75.70 — trading 14.3% below its estimated fair value. The current Operating Income is NT$35,097 Mil. Uni-President Enterprises' overall GF Score™ is 89/100 with 6 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 Uni-President Enterprises (TPE:1216), the current Operating Income is NT$35,097 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 Uni-President Enterprises (TPE:1216) Overvalued in 2026?

Based on GuruFocus' analysis, Uni-President Enterprises stock appears to be undervalued. The current stock price of NT$75.70 is trading 14.3% below its estimated GF Value™ of NT$88.30. GuruFocus considers Uni-President Enterprises to be Modestly Undervalued.

Key valuation signals for TPE:1216:

  • Operating Income: NT$35,097 Mil
  • GF Value™: NT$88.30 vs. price of NT$75.70 (14.3% below fair value)
  • GF Score™: 89/100 with 6 warning signs

No single metric tells the full story. See the TPE:1216 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Uni-President Enterprises Business Description

Address No. 301, Zhongzheng Road, Yongkang District, Tainan, TWN, 710401
Uni-President Enterprises Corp is food conglomerates in Asia. It produces and sells a comprehensive range of food products through its company and affiliates. Core business includes food manufacturing and investments in other related business. The company operates in three segments- Dairy Department, Beverage Department and Food Department. Product categories include feeds, flour, edible oils, soy sauce, meat products, instant noodles, bread, beverages, dairy products, frozen food, and health food. Through its network of 200 affiliates, its convenient stores, retail, logistics, finance, and recreation operations are located all across Taiwan, mainland China, and Southeast Asia.
89GF Score

Get the complete analysis for TPE:1216

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

NT$75.70
Price
NT$88.30
GF Value