Telekom Srpske a.d (XBLB:TLKM-R-A) Operating Income: BAM112.4 Mil (TTM As of Dec. 2025)

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XBLB:TLKM-R-A Telekom Srpske a.d XBLB:TLKM-R-A
100 GF Score
Price BAM0.98
GF Value BAM1.25
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Telekom Srpske a.d Operating Income?

Telekom Srpske a.d XBLB:TLKM-R-A -1.11% 100 Operating Income is BAM112.4 Mil as of Dec. 2025. GuruFocus rates XBLB:TLKM-R-A with a GF Score™ of 100/100 and a GF Value™ of BAM1.25 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Telekom Srpske a.d's Operating Income for the six months ended in Dec. 2025 was BAM67.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was BAM112.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Telekom Srpske a.d's Operating Income for the six months ended in Dec. 2025 was BAM67.3 Mil. Telekom Srpske a.d's Revenue for the six months ended in Dec. 2025 was BAM286.6 Mil. Therefore, Telekom Srpske a.d's Operating Margin % for the quarter that ended in Dec. 2025 was 23.47%.

Good Sign:

Telekom Srpske a.d operating margin is expanding. Margin expansion is usually a good sign.

Telekom Srpske a.d's 5-Year average Growth Rate for Operating Margin % was 9.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Telekom Srpske a.d's annualized ROC % for the quarter that ended in Dec. 2025 was 6.65%. Telekom Srpske a.d's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 17.29%.


Telekom Srpske a.d  (XBLB:TLKM-R-A) Operating Income Explanation

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

Telekom Srpske a.d'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 )
=134.542 * ( 1 - 7.88% )/( (1833.392 + 1896.252)/ 2 )
=123.9400904/1864.822
=6.65 %

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))
=1840.187 - 121.462 - ( 31.822 - max(0, 335.585 - 220.918+31.822))
=1833.392

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))
=1869.807 - 105.485 - ( 31.772 - max(0, 340.76 - 208.83+31.772))
=1896.252

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:

Telekom Srpske a.d'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 )
=173.876/( ( (986.575 + max(-57.753, 0)) + (1024.973 + max(-74.244, 0)) )/ 2 )
=173.876/( ( 986.575 + 1024.973 )/ 2 )
=173.876/1005.774
=17.29 %

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)
=(114.867 + 21.371 + 36.829) - (121.462 + 0 + 109.358)
=-57.753

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(117.514 + 17.464 + 27.367) - (105.485 + 0 + 131.104)
=-74.244

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 %:

Telekom Srpske a.d'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 )
=67.271/286.645
=23.47 %

* 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.


Telekom Srpske a.d Operating Income Related Terms


Telekom Srpske a.d Operating Income Historical Data

* Premium members only.

The historical data trend for Telekom Srpske a.d'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.

Telekom Srpske a.d Operating Income Chart

Telekom Srpske a.d 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 91.47 108.53 400.65 116.06 112.35

Telekom Srpske a.d 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 346.06 58.37 57.69 45.08 67.27
XBLB:TLKM-R-A
100GF Score
Telekom Srpske a.d XBLB:TLKM-R-A
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Telekom Srpske a.d 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 BAM112.4 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 BAM112.4 Mil mean?
Telekom Srpske a.d (XBLB:TLKM-R-A) has a Operating Income of BAM112.4 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Telekom Srpske a.d and its competitors.
Is Telekom Srpske a.d's Operating Income too high?
Telekom Srpske a.d's current Operating Income is BAM112.4 Mil. Overall, Telekom Srpske a.d has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Telekom Srpske a.d's Operating Income compare to TMUS and VZ?
Telekom Srpske a.d's Operating Income of BAM112.4 Mil can be compared against companies in the Telecommunication Services 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 Telecommunication Services company?
A good Operating Income depends on the Telecommunication Services 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 Telekom Srpske a.d and its competitors. Telekom Srpske a.d's current Operating Income is BAM112.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telekom Srpske a.d stock overvalued right now?
Based on GuruFocus' analysis, Telekom Srpske a.d (XBLB:TLKM-R-A) is currently considered Modestly Undervalued. The stock's GF Value™ is BAM1.25, compared to a current price of BAM0.98 — trading 21.6% below its estimated fair value. The current Operating Income is BAM112.4 Mil. Telekom Srpske a.d's overall GF Score™ is 100/100 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 Telekom Srpske a.d (XBLB:TLKM-R-A), the current Operating Income is BAM112.4 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 Telekom Srpske a.d (XBLB:TLKM-R-A) Overvalued in 2026?

Based on GuruFocus' analysis, Telekom Srpske a.d stock appears to be undervalued. The current stock price of BAM0.98 is trading 21.6% below its estimated GF Value™ of BAM1.25. GuruFocus considers Telekom Srpske a.d to be Modestly Undervalued.

Key valuation signals for XBLB:TLKM-R-A:

  • Operating Income: BAM112.4 Mil
  • GF Value™: BAM1.25 vs. price of BAM0.98 (21.6% below fair value)
  • GF Score™: 100/100 with 6 warning signs

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


Telekom Srpske a.d Business Description

Address 93, Kralja Petra I, Karadordevica, Banja Luka, BIH, 78000
Telekom Srpske a.d is a telecommunications company. It offers telecommunication services in the field of mobile telephony, fixed telephony, digital television, the Internet and data transfer. In addition to its core business, the company also offers a wide range of other telecommunication services, including other fixed telephone services, data transfer, lease lines, as well as additional services in the field of mobile telephony, internet and multimedia services. The company also provides services in the field of leasing, construction, management and protection of telecommunication infrastructure.
100GF Score

Get the complete analysis for XBLB:TLKM-R-A

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

BAM0.98
Price
BAM1.25
GF Value