BCO Mercantil de Investimentos (BSP:BMIN4) EBIT: R$-3.70 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.

BSP:BMIN4 BCO Mercantil de Investimentos SA BSP:BMIN4
64 GF Score
Price R$18.02
GF Value R$29.12
Valuation Possible Value Trap
! 10 Warning Signs
View Full Analysis

What is BCO Mercantil de Investimentos EBIT?

BCO Mercantil de Investimentos BSP:BMIN4 +0.45% 64 EBIT is R$-3.70 Mil as of Mar. 2026. GuruFocus rates BSP:BMIN4 with a GF Score™ of 64/100 and a GF Value™ of R$29.12 (Possible Value Trap). The stock has 10 warning signs investors should review.

BCO Mercantil de Investimentos's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$-3.83 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$-3.70 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. BCO Mercantil de Investimentos's annualized ROC % for the quarter that ended in Mar. 2026 was -0.92%. BCO Mercantil de Investimentos's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -501.18%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. BCO Mercantil de Investimentos's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.73%.


BCO Mercantil de Investimentos  (BSP:BMIN4) EBIT Explanation

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

BCO Mercantil de Investimentos'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 )
=-15.316 * ( 1 - 46.9% )/( (903.478 + 865.859)/ 2 )
=-8.132796/884.6685
=-0.92 %

where

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

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

BCO Mercantil de Investimentos'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 )
=-15.316/( ( (0 + max(6.112, 0)) + (0 + max(-5.367, 0)) )/ 2 )
=-15.316/( ( 6.112 + 0 )/ 2 )
=-15.316/3.056
=-501.18 %

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)
=(0 + 0 + 15.464) - (2.659 + 0 + 6.693)
=6.112

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 10.172) - (13.541 + 0 + 1.998)
=-5.367

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. It is also linked to Joel Greenblatt's definition of Earnings Yield:

BCO Mercantil de Investimentos's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=-3.703/504.695
=-0.73 %

* 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.


BCO Mercantil de Investimentos EBIT Related Terms


BCO Mercantil de Investimentos EBIT Historical Data

* Premium members only.

The historical data trend for BCO Mercantil de Investimentos's EBIT 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.

BCO Mercantil de Investimentos EBIT Chart

BCO Mercantil de Investimentos Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.96 12.70 11.98 10.25 15.25

BCO Mercantil de Investimentos Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25 Mar26
EBIT 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 1.69 0.37 0.13 0.00 -3.83

BSP:BMIN4 vs PNC, USB: EBIT Comparison

For the Banks - Regional subindustry, BCO Mercantil de Investimentos's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BCO Mercantil de Investimentos EV-to-EBIT vs Banks Industry

For the Banks industry and Financial Services sector, BCO Mercantil de Investimentos's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where BCO Mercantil de Investimentos's EV-to-EBIT falls into.


BSP:BMIN4
64GF Score
BCO Mercantil de Investimentos SA BSP:BMIN4
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BCO Mercantil de Investimentos EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 R$-3.70 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 EBIT →
What does a EBIT of R$-3.70 Mil mean?
BCO Mercantil de Investimentos (BSP:BMIN4) has a EBIT of R$-3.70 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BCO Mercantil de Investimentos.
Is BCO Mercantil de Investimentos' EBIT too high?
BCO Mercantil de Investimentos' current EBIT is R$-3.70 Mil. Overall, BCO Mercantil de Investimentos has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BCO Mercantil de Investimentos' EBIT compare to PNC and USB?
BCO Mercantil de Investimentos' EBIT of R$-3.70 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Banks company?
A good EBIT depends on the Banks industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on BCO Mercantil de Investimentos. BCO Mercantil de Investimentos's current EBIT is R$-3.70 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCO Mercantil de Investimentos stock overvalued right now?
Based on GuruFocus' analysis, BCO Mercantil de Investimentos (BSP:BMIN4) is currently considered Possible Value Trap. The stock's GF Value™ is R$29.12, compared to a current price of R$18.02 — trading 38.1% below its estimated fair value. The current EBIT is R$-3.70 Mil. BCO Mercantil de Investimentos' overall GF Score™ is 64/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For BCO Mercantil de Investimentos (BSP:BMIN4), the current EBIT is R$-3.70 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 BCO Mercantil de Investimentos (BSP:BMIN4) Overvalued in 2026?

Based on GuruFocus' analysis, BCO Mercantil de Investimentos stock appears to be undervalued. The current stock price of R$18.02 is trading 38.1% below its estimated GF Value™ of R$29.12. GuruFocus considers BCO Mercantil de Investimentos to be Possible Value Trap.

Key valuation signals for BSP:BMIN4:

  • EBIT: R$-3.70 Mil
  • GF Value™: R$29.12 vs. price of R$18.02 (38.1% below fair value)
  • GF Score™: 64/100 with 10 warning signs

No single metric tells the full story. See the BSP:BMIN4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BCO Mercantil de Investimentos Business Description

Other Exchanges BMIN3:Brazil
Address Rua Rio de Janeiro 654, 6 Andar, Belo Horizonte, MG, BRA, 30160912
BCO Mercantil de Investimentos SA provides capital financing for productive activities in short, medium and long term projects. It operates as a subsidiary of Banco Mercantil do Brasil S.A.
64GF Score

Get the complete analysis for BSP:BMIN4

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

R$18.02
Price
R$29.12
GF Value