Techbond Group Bhd (XKLS:5289) Operating Income: RM15.9 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:5289 Techbond Group Bhd XKLS:5289
58 GF Score
Price RM0.28
GF Value RM0.30
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Techbond Group Bhd Operating Income?

Techbond Group Bhd XKLS:5289 58 Operating Income is RM15.9 Mil as of Mar. 2026. GuruFocus rates XKLS:5289 with a GF Score™ of 58/100 and a GF Value™ of RM0.30 (Fairly Valued). The stock has 5 warning signs investors should review.

Techbond Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM3.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM15.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Techbond Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM3.3 Mil. Techbond Group Bhd's Revenue for the three months ended in Mar. 2026 was RM30.8 Mil. Therefore, Techbond Group Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 10.86%.

Warning Sign:

Techbond Group Bhd operating margin has been in a 5-year decline. The average rate of decline per year is -7.1%.

Techbond Group Bhd's 5-Year average Growth Rate for Operating Margin % was -7.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Techbond Group Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 7.47%. Techbond Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.80%.


Techbond Group Bhd  (XKLS:5289) Operating Income Explanation

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

Techbond Group 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 )
=13.376 * ( 1 - 14.79% )/( (148.462 + 156.892)/ 2 )
=11.3976896/152.677
=7.47 %

where

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))
=295.117 - 6.246 - ( 131.979 - max(0, 19.556 - 188.758+131.979))
=156.892

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

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

Techbond Group 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 )
=19.952/( ( (93.268 + max(38.292, 0)) + (93.155 + max(44.909, 0)) )/ 2 )
=19.952/( ( 131.56 + 138.064 )/ 2 )
=19.952/134.812
=14.80 %

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)
=(18.851 + 30.2 + 0.136) - (10.895 + 0 + 0)
=38.292

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(19.957 + 30.581 + 0.61699999999999) - (6.246 + 0 + 0)
=44.909

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 %:

Techbond Group 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 )
=3.344/30.788
=10.86 %

* 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.


Techbond Group Bhd Operating Income Related Terms


Techbond Group Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Techbond Group 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.

Techbond Group Bhd Operating Income Chart

Techbond Group Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.29 7.64 7.12 20.45 18.53

Techbond Group 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 4.95 3.58 4.44 4.53 3.34
XKLS:5289
58GF Score
Techbond Group Bhd XKLS:5289
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Techbond Group 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 RM15.9 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 RM15.9 Mil mean?
Techbond Group Bhd (XKLS:5289) has a Operating Income of RM15.9 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Techbond Group Bhd and its competitors.
Is Techbond Group Bhd's Operating Income too high?
Techbond Group Bhd's current Operating Income is RM15.9 Mil. Overall, Techbond Group Bhd has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Techbond Group Bhd's Operating Income compare to LIN and SHW?
Techbond Group Bhd's Operating Income of RM15.9 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Operating Income depends on the Chemicals 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 Techbond Group Bhd and its competitors. Techbond Group Bhd's current Operating Income is RM15.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techbond Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Techbond Group Bhd (XKLS:5289) is currently considered Fairly Valued. The stock's GF Value™ is RM0.30, compared to a current price of RM0.28 — trading 8.3% below its estimated fair value. The current Operating Income is RM15.9 Mil. Techbond Group Bhd's overall GF Score™ is 58/100 with 5 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 Techbond Group Bhd (XKLS:5289), the current Operating Income is RM15.9 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 Techbond Group Bhd (XKLS:5289) Overvalued in 2026?

Based on GuruFocus' analysis, Techbond Group Bhd stock appears to be undervalued. The current stock price of RM0.28 is trading 8.3% below its estimated GF Value™ of RM0.30. GuruFocus considers Techbond Group Bhd to be Fairly Valued.

Key valuation signals for XKLS:5289:

  • Operating Income: RM15.9 Mil
  • GF Value™: RM0.30 vs. price of RM0.28 (8.3% below fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5289 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Techbond Group Bhd Business Description

Address No. 36, Jalan Anggerik Mokara 31/59, Seksyen 31, Kota Kemuning, Selangor, Shah Alam, SGR, MYS, 40460
Techbond Group Bhd is an investment holding company providing management services to its subsidiaries. Its segments are Industrial Adhesives & Sealants, Supporting Products and Services, and Chemicals, with the majority of revenue generated from Industrial Adhesives and Sealants. The company operates in Malaysia, Vietnam, Thailand, Indonesia, China, and other countries, with majority of revenue generated from Malaysia. It develops and manufactures water-based and hot melt adhesives, water-based and solvent-based sealants, and offers supporting products such as OEM adhesives, chemicals, repellents, cleaners, spare parts, and maintenance services. Its products include adhesives for woodworking, paper and packaging, mattresses, construction, hygiene, cigarettes, automotive, and bookbinding.
58GF Score

Get the complete analysis for XKLS:5289

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

RM0.28
Price
RM0.30
GF Value