Fundo DE Investimento Imobiliario Hectare CE (BSP:HCTR11) Operating Income: R$-258.82 Mil (TTM As of Dec. 2024)

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BSP:HCTR11 Fundo DE Investimento Imobiliario Hectare CE BSP:HCTR11
57 GF Score
Price R$16.50
GF Value R$29.68
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Fundo DE Investimento Imobiliario Hectare CE Operating Income?

Fundo DE Investimento Imobiliario Hectare CE BSP:HCTR11 +1.23% 57 Operating Income is R$-258.82 Mil as of Dec. 2024. GuruFocus rates BSP:HCTR11 with a GF Score™ of 57/100 and a GF Value™ of R$29.68 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Fundo DE Investimento Imobiliario Hectare CE's Operating Income for the six months ended in Dec. 2024 was R$-258.82 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was R$-258.82 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fundo DE Investimento Imobiliario Hectare CE's Operating Income for the six months ended in Dec. 2024 was R$-258.82 Mil. Fundo DE Investimento Imobiliario Hectare CE's Revenue for the six months ended in Dec. 2024 was R$-248.22 Mil. Therefore, Fundo DE Investimento Imobiliario Hectare CE's Operating Margin % for the quarter that ended in Dec. 2024 was 104.27%.

Good Sign:

Fundo DE Investimento Imobiliario Hectare CE operating margin is expanding. Margin expansion is usually a good sign.

Fundo DE Investimento Imobiliario Hectare CE's 5-Year average Growth Rate for Operating Margin % was 3.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fundo DE Investimento Imobiliario Hectare CE's annualized ROC % for the quarter that ended in Dec. 2024 was -1,577.19%. Fundo DE Investimento Imobiliario Hectare CE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was %.

Fundo DE Investimento Imobiliario Hectare CE  (BSP:HCTR11) Operating Income Explanation

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

Fundo DE Investimento Imobiliario Hectare CE's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-258.824 * ( 1 - 0% )/( (25.718 + 7.1029999999996)/ 2 )
=-258.824/16.4105
=-1,577.19 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=2571.95 - 0.775 - ( 2545.457 - max(0, 0.775 - 2571.95+2545.457))
=25.718

Invested Capital(Q: Dec. 2024 )
=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))
=2221.401 - 0.554 - ( 2213.744 - max(0, 0.554 - 2221.401+2213.744))
=7.1029999999996

Note: The Operating Income data used here is one times the annual (Dec. 2024) data.

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

Fundo DE Investimento Imobiliario Hectare CE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-258.824/( ( (0 + max(-0.775, 0)) + (0 + max(-0.55300000000025, 0)) )/ 2 )
=-258.824/( ( 0 + 0 )/ 2 )
=-258.824/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0.775 + 0 + 0)
=-0.775

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.00099999999974898) - (0.554 + 0 + 0)
=-0.55300000000025

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Fundo DE Investimento Imobiliario Hectare CE's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=-258.824/-248.224
=104.27 %

* 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.

Fundo DE Investimento Imobiliario Hectare CE Operating Income Related Terms

Fundo DE Investimento Imobiliario Hectare CE Operating Income Historical Data

* Premium members only.

The historical data trend for Fundo DE Investimento Imobiliario Hectare CE'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.

Fundo DE Investimento Imobiliario Hectare CE Operating Income Chart

Fundo DE Investimento Imobiliario Hectare CE Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial 60.24 292.90 323.55 124.82 -258.82

Fundo DE Investimento Imobiliario Hectare CE Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income Get a 7-Day Free Trial 60.24 292.90 323.55 124.82 -258.82
BSP:HCTR11
57GF Score
Fundo DE Investimento Imobiliario Hectare CE BSP:HCTR11
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fundo DE Investimento Imobiliario Hectare CE 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was R$-258.82 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 R$-258.82 Mil mean?
Fundo DE Investimento Imobiliario Hectare CE (BSP:HCTR11) has a Operating Income of R$-258.82 Mil as of Dec. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fundo DE Investimento Imobiliario Hectare CE and its competitors.
Is Fundo DE Investimento Imobiliario Hectare CE's Operating Income too high?
Fundo DE Investimento Imobiliario Hectare CE's current Operating Income is R$-258.82 Mil. Overall, Fundo DE Investimento Imobiliario Hectare CE has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario Hectare CE's Operating Income compare to BLK and BX?
Fundo DE Investimento Imobiliario Hectare CE's Operating Income of R$-258.82 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Operating Income depends on the Asset Management 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 Fundo DE Investimento Imobiliario Hectare CE and its competitors. Fundo DE Investimento Imobiliario Hectare CE's current Operating Income is R$-258.82 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fundo DE Investimento Imobiliario Hectare CE stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Hectare CE (BSP:HCTR11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$29.68, compared to a current price of R$16.50 — trading 44.4% below its estimated fair value. The current Operating Income is R$-258.82 Mil. Fundo DE Investimento Imobiliario Hectare CE's overall GF Score™ is 57/100 with 1 warning sign 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 Fundo DE Investimento Imobiliario Hectare CE (BSP:HCTR11), the current Operating Income is R$-258.82 Mil as of Dec. 2024. 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 Fundo DE Investimento Imobiliario Hectare CE (BSP:HCTR11) Overvalued in 2026?

Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Hectare CE stock appears to be undervalued. The current stock price of R$16.50 is trading 44.4% below its estimated GF Value™ of R$29.68. GuruFocus considers Fundo DE Investimento Imobiliario Hectare CE to be Significantly Undervalued.

Key valuation signals for BSP:HCTR11:

  • Operating Income: R$-258.82 Mil
  • GF Value™: R$29.68 vs. price of R$16.50 (44.4% below fair value)
  • GF Score™: 57/100 with 1 warning sign

No single metric tells the full story. See the BSP:HCTR11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fundo DE Investimento Imobiliario Hectare CE Business Description

Address Rua Fidencio Ramos, 195, cj. 71, Sau Paulo, SP, BRA
Fundo DE Investimento Imobiliario Hectare CE develops and invests in solutions for alternative investments. It designs investment structures to real estate projects in all development stages. It also offers advisory services which focus on financial solutions to real estate project development in Brazil.
57GF Score

Get the complete analysis for BSP:HCTR11

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

R$16.50
Price
R$29.68
GF Value