Kcell JSC (XKAZ:KCEL) Operating Income: ₸51,245 Mil (TTM As of Jun. 2026)

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XKAZ:KCEL Kcell JSC XKAZ:KCEL
55 GF Score
Price ₸3,180.82
GF Value ₸3,704.21
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Kcell JSC Operating Income?

Kcell JSC XKAZ:KCEL +0.50% 55 Operating Income is ₸51,245 Mil as of Jun. 2026. GuruFocus rates XKAZ:KCEL with a GF Score™ of 55/100 and a GF Value™ of ₸3,704.21 (Modestly Undervalued). The stock has 9 warning signs investors should review.

Kcell JSC's Operating Income for the three months ended in Jun. 2026 was ₸10,919 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₸51,245 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kcell JSC's Operating Income for the three months ended in Jun. 2026 was ₸10,919 Mil. Kcell JSC's Revenue for the three months ended in Jun. 2026 was ₸68,413 Mil. Therefore, Kcell JSC's Operating Margin % for the quarter that ended in Jun. 2026 was 15.96%.

Warning Sign:

Kcell JSC operating margin has been in a 5-year decline. The average rate of decline per year is -9.6%.

Kcell JSC's 5-Year average Growth Rate for Operating Margin % was -9.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kcell JSC's annualized ROC % for the quarter that ended in Jun. 2026 was 5.35%. Kcell JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 17.42%.


Kcell JSC  (XKAZ:KCEL) Operating Income Explanation

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

Kcell JSC's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=43676 * ( 1 - 33.627% )/( (539490 + 545213)/ 2 )
=28989.07148/542351.5
=5.35 %

where

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

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

Kcell JSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=56236/( ( (316849 + max(-3573, 0)) + (324768 + max(3854, 0)) )/ 2 )
=56236/( ( 316849 + 328622 )/ 2 )
=56236/322735.5
=17.42 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36411 + 12081 + 14696) - (32145 + 8848 + 25768)
=-3573

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(36381 + 19693 + 8803) - (26662 + 9262 + 25099)
=3854

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

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

Kcell JSC's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=10919/68413
=15.96 %

* 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.


Kcell JSC Operating Income Related Terms


Kcell JSC Operating Income Historical Data

* Premium members only.

The historical data trend for Kcell JSC'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.

Kcell JSC Operating Income Chart

Kcell JSC 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 49,470.00 56,720.00 49,899.00 36,130.00 40,009.00

Kcell JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 9,663.00 17,931.00 5,880.00 10,152.00 10,919.00
XKAZ:KCEL
55GF Score
Kcell JSC XKAZ:KCEL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kcell JSC 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₸51,245 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 ₸51,245 Mil mean?
Kcell JSC (XKAZ:KCEL) has a Operating Income of ₸51,245 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kcell JSC and its competitors.
Is Kcell JSC's Operating Income too high?
Kcell JSC's current Operating Income is ₸51,245 Mil. Overall, Kcell JSC has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kcell JSC's Operating Income compare to VZ and TMUS?
Kcell JSC's Operating Income of ₸51,245 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 Kcell JSC and its competitors. Kcell JSC's current Operating Income is ₸51,245 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kcell JSC stock overvalued right now?
Based on GuruFocus' analysis, Kcell JSC (XKAZ:KCEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₸3,704.21, compared to a current price of ₸3,180.82 — trading 14.1% below its estimated fair value. The current Operating Income is ₸51,245 Mil. Kcell JSC's overall GF Score™ is 55/100 with 9 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 Kcell JSC (XKAZ:KCEL), the current Operating Income is ₸51,245 Mil as of Jun. 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 Kcell JSC (XKAZ:KCEL) Overvalued in 2026?

Based on GuruFocus' analysis, Kcell JSC stock appears to be undervalued. The current stock price of ₸3,180.82 is trading 14.1% below its estimated GF Value™ of ₸3,704.21. GuruFocus considers Kcell JSC to be Modestly Undervalued.

Key valuation signals for XKAZ:KCEL:

  • Operating Income: ₸51,245 Mil
  • GF Value™: ₸3,704.21 vs. price of ₸3,180.82 (14.1% below fair value)
  • GF Score™: 55/100 with 9 warning signs

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


Kcell JSC Business Description

Address Alimzhanova Street, 51, Almaty, KAZ, 050004
Kcell JSC is a Kazakhstan-based company. It is engaged in providing mobile telecommunications services to both individuals and organizations including voice, SMS, MMS and data transmission. It offers Internet access and value-added services, including mobile content. The company is involved in designing, constructing and operating a cellular telecommunications network in the Republic of Kazakhstan using GSM (Global System for Mobile Communications) standard. It operates its business through Kcell which targets the mass market, corporate subscribers, public organizations as well as high-net-worth individuals. The company generates revenue from the sale of voice and other services, data service, handsets, and value-added services.
55GF Score

Get the complete analysis for XKAZ:KCEL

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

₸3,180.82
Price
₸3,704.21
GF Value