FM Global Logistics Holdings Bhd (XKLS:7210) Operating Income: RM57.6 Mil (TTM As of Mar. 2026)

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XKLS:7210 FM Global Logistics Holdings Bhd XKLS:7210
45 GF Score
Price RM0.59
GF Value RM0.58
Valuation Fairly Valued
! 7 Warning Signs
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What is FM Global Logistics Holdings Bhd Operating Income?

FM Global Logistics Holdings Bhd XKLS:7210 45 Operating Income is RM57.6 Mil as of Mar. 2026. GuruFocus rates XKLS:7210 with a GF Score™ of 45/100 and a GF Value™ of RM0.58 (Fairly Valued). The stock has 7 warning signs investors should review.

FM Global Logistics Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM13.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was RM57.6 Mil.

Warning Sign:

FM Global Logistics Holdings Bhd has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. FM Global Logistics Holdings Bhd's Operating Income for the three months ended in Mar. 2026 was RM13.4 Mil. FM Global Logistics Holdings Bhd's Revenue for the three months ended in Mar. 2026 was RM216.6 Mil. Therefore, FM Global Logistics Holdings Bhd's Operating Margin % for the quarter that ended in Mar. 2026 was 6.19%.

Good Sign:

FM Global Logistics Holdings Bhd operating margin is expanding. Margin expansion is usually a good sign.

FM Global Logistics Holdings Bhd's 5-Year average Growth Rate for Operating Margin % was 4.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FM Global Logistics Holdings Bhd's annualized ROC % for the quarter that ended in Mar. 2026 was 6.02%. FM Global Logistics Holdings Bhd's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.89%.


FM Global Logistics Holdings Bhd  (XKLS:7210) Operating Income Explanation

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

FM Global Logistics Holdings 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 )
=53.628 * ( 1 - 26.74% )/( (645.157 + 661.094)/ 2 )
=39.2878728/653.1255
=6.02 %

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))
=871.519 - 133.534 - ( 92.828 - max(0, 233.018 - 361.74+92.828))
=645.157

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))
=866.556 - 117.88 - ( 87.582 - max(0, 226.555 - 347.019+87.582))
=661.094

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

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

FM Global Logistics Holdings 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 )
=54.932/( ( (474.882 + max(135.378, 0)) + (484.408 + max(141.557, 0)) )/ 2 )
=54.932/( ( 610.26 + 625.965 )/ 2 )
=54.932/618.1125
=8.89 %

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)
=(266.36 + 0 + 2.552) - (133.534 + 0 + 2.8421709430404E-14)
=135.378

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(256.895 + 0 + 2.542) - (117.88 + 0 + 0)
=141.557

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 %:

FM Global Logistics Holdings 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 )
=13.407/216.569
=6.19 %

* 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.


FM Global Logistics Holdings Bhd Operating Income Related Terms


FM Global Logistics Holdings Bhd Operating Income Historical Data

* Premium members only.

The historical data trend for FM Global Logistics Holdings 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.

FM Global Logistics Holdings Bhd Operating Income Chart

FM Global Logistics Holdings 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 35.91 60.79 54.52 38.55 46.27

FM Global Logistics Holdings 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 13.30 13.16 15.13 15.87 13.41
XKLS:7210
45GF Score
FM Global Logistics Holdings Bhd XKLS:7210
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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FM Global Logistics Holdings 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 RM57.6 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 RM57.6 Mil mean?
FM Global Logistics Holdings Bhd (XKLS:7210) has a Operating Income of RM57.6 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on FM Global Logistics Holdings Bhd and its competitors.
Is FM Global Logistics Holdings Bhd's Operating Income too high?
FM Global Logistics Holdings Bhd's current Operating Income is RM57.6 Mil. Overall, FM Global Logistics Holdings Bhd has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FM Global Logistics Holdings Bhd's Operating Income compare to UPS and FDX?
FM Global Logistics Holdings Bhd's Operating Income of RM57.6 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 FM Global Logistics Holdings Bhd and its competitors. FM Global Logistics Holdings Bhd's current Operating Income is RM57.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FM Global Logistics Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, FM Global Logistics Holdings Bhd (XKLS:7210) is currently considered Fairly Valued. The stock's GF Value™ is RM0.58, compared to a current price of RM0.59 — trading 1.7% above its estimated fair value. The current Operating Income is RM57.6 Mil. FM Global Logistics Holdings Bhd's overall GF Score™ is 45/100 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 FM Global Logistics Holdings Bhd (XKLS:7210), the current Operating Income is RM57.6 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 FM Global Logistics Holdings Bhd (XKLS:7210) Overvalued in 2026?

Based on GuruFocus' analysis, FM Global Logistics Holdings Bhd stock appears to be overvalued. The current stock price of RM0.59 is trading 1.7% above its estimated GF Value™ of RM0.58. GuruFocus considers FM Global Logistics Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:7210:

  • Operating Income: RM57.6 Mil
  • GF Value™: RM0.58 vs. price of RM0.59 (1.7% above fair value)
  • GF Score™: 45/100 with 7 warning signs

No single metric tells the full story. See the XKLS:7210 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FM Global Logistics Holdings Bhd Business Description

Address Kawasan Perindustrian Bandar Sultan Suleiman, Lot 37, Lebuh Sultan Mohamed 1, Port Klang, SGR, MYS, 42000
FM Global Logistics Holdings Bhd is a provider of international freight services. The company's segments include Malaysia, Australia, Indonesia, Thailand, Vietnam, India, and the United States of America, which are involved in providing integrated freight forwarding and logistics services such as sea freight, air freight, land freight, warehouse and distribution, and support services. The other operating segments comprise operations related to investment holding and provision of management services, provision of IT application solutions, support services, and trading of goods. The company derives maximum revenue from Malaysia.
45GF Score

Get the complete analysis for XKLS:7210

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

RM0.59
Price
RM0.58
GF Value