Master-Pack Group Bhd (XKLS:7029) Operating Income: RM4.71 Mil (TTM As of Mar. 2026)

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XKLS:7029 Master-Pack Group Bhd XKLS:7029
73 GF Score
Price RM1.59
GF Value RM1.78
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Master-Pack Group Bhd Operating Income?

Master-Pack Group Bhd XKLS:7029 73 Operating Income is RM4.71 Mil as of Mar. 2026. GuruFocus rates XKLS:7029 with a GF Score™ of 73/100 and a GF Value™ of RM1.78 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Master-Pack Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM0.92 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM4.71 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Master-Pack Group Bhd's Operating Income for the three months ended in Mar. 2026 was RM0.92 Mil. Master-Pack Group Bhd's Revenue for the three months ended in Mar. 2026 was RM21.85 Mil. Therefore, Master-Pack Group Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 4.20%.

Good Sign:

Master-Pack Group Bhd operating margin is expanding. Margin expansion is usually a good sign.

Master-Pack Group Bhd's 5-Year average Growth Rate for Operating Margin % was 2.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Master-Pack Group Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 2.72%. Master-Pack Group Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.04%.

Master-Pack Group Bhd  (XKLS:7029) Operating Income Explanation

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

Master-Pack 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 )
=3.668 * ( 1 - 30.72% )/( (95.984 + 90.968)/ 2 )
=2.5411904/93.476
=2.72 %

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))
=194.249 - 10.745 - ( 87.52 - max(0, 17.892 - 121.158+87.52))
=95.984

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))
=190.718 - 14.175 - ( 85.575 - max(0, 16.192 - 118.511+85.575))
=90.968

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

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

Master-Pack 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 )
=3.668/( ( (54.337 + max(18.938, 0)) + (53.449 + max(18.761, 0)) )/ 2 )
=3.668/( ( 73.275 + 72.21 )/ 2 )
=3.668/72.7425
=5.04 %

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)
=(19.18 + 10.114 + 3.718) - (10.745 + 0 + 3.329)
=18.938

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18.365 + 9.289 + 5.282) - (14.175 + 0 + 0)
=18.761

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 %:

Master-Pack 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 )
=0.917/21.847
=4.20 %

* 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.

Master-Pack Group Bhd Operating Income Related Terms

Master-Pack Group Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for Master-Pack 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.

Master-Pack Group Bhd Operating Income Chart

Master-Pack Group Bhd 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 31.25 38.69 42.37 39.56 17.08

Master-Pack 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 2.83 2.24 0.92 0.64 0.92
XKLS:7029
73GF Score
Master-Pack Group Bhd XKLS:7029
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Master-Pack 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 RM4.71 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 RM4.71 Mil mean?
Master-Pack Group Bhd (XKLS:7029) has a Operating Income of RM4.71 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Master-Pack Group Bhd and its competitors.
Is Master-Pack Group Bhd's Operating Income too high?
Master-Pack Group Bhd's current Operating Income is RM4.71 Mil. Overall, Master-Pack Group Bhd has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Master-Pack Group Bhd's Operating Income compare to SW and PKG?
Master-Pack Group Bhd's Operating Income of RM4.71 Mil can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Operating Income depends on the Packaging & Containers 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 Master-Pack Group Bhd and its competitors. Master-Pack Group Bhd's current Operating Income is RM4.71 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master-Pack Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Master-Pack Group Bhd (XKLS:7029) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.78, compared to a current price of RM1.59 — trading 10.7% below its estimated fair value. The current Operating Income is RM4.71 Mil. Master-Pack Group Bhd's overall GF Score™ is 73/100 with 2 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 Master-Pack Group Bhd (XKLS:7029), the current Operating Income is RM4.71 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 Master-Pack Group Bhd (XKLS:7029) Overvalued in 2026?

Based on GuruFocus' analysis, Master-Pack Group Bhd stock appears to be undervalued. The current stock price of RM1.59 is trading 10.7% below its estimated GF Value™ of RM1.78. GuruFocus considers Master-Pack Group Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7029:

  • Operating Income: RM4.71 Mil
  • GF Value™: RM1.78 vs. price of RM1.59 (10.7% below fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the XKLS:7029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Master-Pack Group Bhd Business Description

Address 1574, Jalan Bukit Panchor, Seberang Perai Selatan, Nibong Tebal, PNG, MYS, 14300
Master-Pack Group Bhd is an investment holding company. The core activities of the company are the manufacture and sale of corrugated fibreboard cartons and packaging materials. Some of the products are sheet board, slotted type, telescope type, folder type, die-cut products, interior fitments, palletized shipping containers, and other packaging materials. Its customers are from different industries, namely Solar Equipment Manufacturers, Electrical and Electronics, Food and Beverages, Automotive, Chemicals, Medical, and others. Geographically, it operates in Malaysia, Vietnam, and other countries, with Malaysia generating the highest revenue.
73GF Score

Get the complete analysis for XKLS:7029

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

RM1.59
Price
RM1.78
GF Value