DRB-Hicom Bhd (XKLS:1619) Operating Income: RM1,487 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:1619 DRB-Hicom Bhd XKLS:1619
78 GF Score
Price RM0.96
GF Value RM1.30
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is DRB-Hicom Bhd Operating Income?

DRB-Hicom Bhd XKLS:1619 78 Operating Income is RM1,487 Mil as of Mar. 2026. GuruFocus rates XKLS:1619 with a GF Score™ of 78/100 and a GF Value™ of RM1.30 (Modestly Undervalued). The stock has 7 warning signs investors should review.

DRB-Hicom Bhd's Operating Income for the three months ended in Mar. 2026 was RM265 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM1,487 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. DRB-Hicom Bhd's Operating Income for the three months ended in Mar. 2026 was RM265 Mil. DRB-Hicom Bhd's Revenue for the three months ended in Mar. 2026 was RM4,761 Mil. Therefore, DRB-Hicom Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 5.56%.

Good Sign:

DRB-Hicom Bhd operating margin is expanding. Margin expansion is usually a good sign.

DRB-Hicom Bhd's 5-Year average Growth Rate for Operating Margin % was 21.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. DRB-Hicom Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 0.94%. DRB-Hicom Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.85%.


DRB-Hicom Bhd  (XKLS:1619) Operating Income Explanation

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

DRB-Hicom Bhd'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 )
=1059.632 * ( 1 - 20.1% )/( (91273.236 + 88259.412)/ 2 )
=846.645968/89766.324
=0.94 %

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))
=65769.329 - 2553.828 - ( 7490.208 - max(0, 44933.018 - 16875.283+7490.208))
=91273.236

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))
=65279.946 - 4972.786 - ( 6747.623 - max(0, 43928.025 - 15975.773+6747.623))
=88259.412

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

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

DRB-Hicom Bhd'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 )
=1294.44/( ( (5240.236 + max(-38178.277, 0)) + (5175.786 + max(-36888.819, 0)) )/ 2 )
=1294.44/( ( 5240.236 + 5175.786 )/ 2 )
=1294.44/5208.011
=24.85 %

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)
=(2348.84 + 2420.313 + 246.425) - (2553.828 + 0 + 40640.027)
=-38178.277

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2801.699 + 2542.992 + 21.082) - (4972.786 + 0 + 37281.806)
=-36888.819

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 %:

DRB-Hicom Bhd'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 )
=264.908/4761.414
=5.56 %

* 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.


DRB-Hicom Bhd Operating Income Related Terms


DRB-Hicom Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for DRB-Hicom Bhd'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.

DRB-Hicom Bhd Operating Income Chart

DRB-Hicom Bhd Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.22 439.54 442.10 280.08 667.82

DRB-Hicom Bhd 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 136.07 205.63 121.44 894.61 264.91
XKLS:1619
78GF Score
DRB-Hicom Bhd XKLS:1619
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DRB-Hicom Bhd 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 RM1,487 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 RM1,487 Mil mean?
DRB-Hicom Bhd (XKLS:1619) has a Operating Income of RM1,487 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on DRB-Hicom Bhd and its competitors.
Is DRB-Hicom Bhd's Operating Income too high?
DRB-Hicom Bhd's current Operating Income is RM1,487 Mil. Overall, DRB-Hicom Bhd has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DRB-Hicom Bhd's Operating Income compare to TSLA and GM?
DRB-Hicom Bhd's Operating Income of RM1,487 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Operating Income depends on the Vehicles & Parts 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 DRB-Hicom Bhd and its competitors. DRB-Hicom Bhd's current Operating Income is RM1,487 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DRB-Hicom Bhd stock overvalued right now?
Based on GuruFocus' analysis, DRB-Hicom Bhd (XKLS:1619) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.30, compared to a current price of RM0.96 — trading 26.2% below its estimated fair value. The current Operating Income is RM1,487 Mil. DRB-Hicom Bhd's overall GF Score™ is 78/100 with 7 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 DRB-Hicom Bhd (XKLS:1619), the current Operating Income is RM1,487 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 DRB-Hicom Bhd (XKLS:1619) Overvalued in 2026?

Based on GuruFocus' analysis, DRB-Hicom Bhd stock appears to be undervalued. The current stock price of RM0.96 is trading 26.2% below its estimated GF Value™ of RM1.30. GuruFocus considers DRB-Hicom Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:1619:

  • Operating Income: RM1,487 Mil
  • GF Value™: RM1.30 vs. price of RM0.96 (26.2% below fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the XKLS:1619 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DRB-Hicom Bhd Business Description

Address No. 2, Jalan Usahawan U1/8, Level 5, Wisma DRB-HICOM, Seksyen U1, Shah Alam, SGR, MYS, 40150
DRB-Hicom Bhd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments: Automotive, Aerospace and Defence, Postal, Banking, Services, and Properties. It generates maximum revenue from the Automotive segment, which is engaged in manufacturing, assembly, vehicle importation, pre-delivery inspection, vehicle leasing, distribution and sale of motor vehicles, motorcycles, and related spare parts and services. Geographically, the company generates a majority of its revenue from its operations within Malaysia, and also has a presence in other markets.
78GF Score

Get the complete analysis for XKLS:1619

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

RM0.96
Price
RM1.30
GF Value