Metisa Metalurgica Timboense (BSP:MTSA4) Operating Income: R$28.1 Mil (TTM As of Mar. 2026)

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BSP:MTSA4 Metisa Metalurgica Timboense SA BSP:MTSA4
66 GF Score
Price R$45.00
GF Value R$41.83
Valuation Fairly Valued
! 8 Warning Signs
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What is Metisa Metalurgica Timboense Operating Income?

Metisa Metalurgica Timboense BSP:MTSA4 +0.87% 66 Operating Income is R$28.1 Mil as of Mar. 2026. GuruFocus rates BSP:MTSA4 with a GF Score™ of 66/100 and a GF Value™ of R$41.83 (Fairly Valued). The stock has 8 warning signs investors should review.

Metisa Metalurgica Timboense's Operating Income for the three months ended in Mar. 2026 was R$3.8 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was R$28.1 Mil.

Warning Sign:

Metisa Metalurgica Timboense SA 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. Metisa Metalurgica Timboense's Operating Income for the three months ended in Mar. 2026 was R$3.8 Mil. Metisa Metalurgica Timboense's Revenue for the three months ended in Mar. 2026 was R$105.1 Mil. Therefore, Metisa Metalurgica Timboense's Operating Margin % for the quarter that ended in Mar. 2026 was 3.65%.

Warning Sign:

Metisa Metalurgica Timboense SA operating margin has been in a 5-year decline. The average rate of decline per year is -21.7%.

Metisa Metalurgica Timboense's 5-Year average Growth Rate for Operating Margin % was -21.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Metisa Metalurgica Timboense's annualized ROC % for the quarter that ended in Mar. 2026 was 2.59%. Metisa Metalurgica Timboense's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 16.83%.


Metisa Metalurgica Timboense  (BSP:MTSA4) Operating Income Explanation

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

Metisa Metalurgica Timboense'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 )
=15.352 * ( 1 - 42.2% )/( (342.596 + 342.313)/ 2 )
=8.873456/342.4545
=2.59 %

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))
=615.029 - 38.188 - ( 234.245 - max(0, 96.965 - 475.695+234.245))
=342.596

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))
=624.105 - 46.352 - ( 235.44 - max(0, 101.418 - 483.728+235.44))
=342.313

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

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

Metisa Metalurgica Timboense'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 )
=52.888/( ( (137.576 + max(177.059, 0)) + (139.337 + max(174.461, 0)) )/ 2 )
=52.888/( ( 314.635 + 313.798 )/ 2 )
=52.888/314.2165
=16.83 %

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)
=(86.23 + 146.797 + 7.956) - (38.188 + 0 + 25.736)
=177.059

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(89.012 + 152.461 + 6.412) - (46.352 + 0 + 27.072)
=174.461

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 %:

Metisa Metalurgica Timboense'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 )
=3.838/105.051
=3.65 %

* 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.


Metisa Metalurgica Timboense Operating Income Related Terms


Metisa Metalurgica Timboense Operating Income Historical Data

* Premium members only.

The historical data trend for Metisa Metalurgica Timboense'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.

Metisa Metalurgica Timboense Operating Income Chart

Metisa Metalurgica Timboense 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 76.01 117.31 59.74 29.99 30.93

Metisa Metalurgica Timboense 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 7.25 10.71 13.16 0.42 3.84
BSP:MTSA4
66GF Score
Metisa Metalurgica Timboense SA BSP:MTSA4
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Metisa Metalurgica Timboense 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 R$28.1 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$28.1 Mil mean?
Metisa Metalurgica Timboense (BSP:MTSA4) has a Operating Income of R$28.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Metisa Metalurgica Timboense and its competitors.
Is Metisa Metalurgica Timboense's Operating Income too high?
Metisa Metalurgica Timboense's current Operating Income is R$28.1 Mil. Overall, Metisa Metalurgica Timboense has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Metisa Metalurgica Timboense's Operating Income compare to CAT and DE?
Metisa Metalurgica Timboense's Operating Income of R$28.1 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Operating Income depends on the Farm & Heavy Construction Machinery 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 Metisa Metalurgica Timboense and its competitors. Metisa Metalurgica Timboense's current Operating Income is R$28.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metisa Metalurgica Timboense stock overvalued right now?
Based on GuruFocus' analysis, Metisa Metalurgica Timboense (BSP:MTSA4) is currently considered Fairly Valued. The stock's GF Value™ is R$41.83, compared to a current price of R$45.00 — trading 7.6% above its estimated fair value. The current Operating Income is R$28.1 Mil. Metisa Metalurgica Timboense's overall GF Score™ is 66/100 with 8 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 Metisa Metalurgica Timboense (BSP:MTSA4), the current Operating Income is R$28.1 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 Metisa Metalurgica Timboense (BSP:MTSA4) Overvalued in 2026?

Based on GuruFocus' analysis, Metisa Metalurgica Timboense stock appears to be overvalued. The current stock price of R$45.00 is trading 7.6% above its estimated GF Value™ of R$41.83. GuruFocus considers Metisa Metalurgica Timboense to be Fairly Valued.

Key valuation signals for BSP:MTSA4:

  • Operating Income: R$28.1 Mil
  • GF Value™: R$41.83 vs. price of R$45.00 (7.6% above fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the BSP:MTSA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Metisa Metalurgica Timboense Business Description

Address Rua Fritz Lorenz, 2442, Distrito Industrial - PO Box: 11, Timbo, SC, BRA, 89120000
Metisa Metalurgica Timboense SA manufactures and markets steel parts for industrial and agricultural equipment. Its products include parts for agricultural equipment, tractors, railways, blades for the construction sector, and hand tools, among others. It offers agricultural disc blades and implements for a range of equipment, including sugar-alcohol sector; stone saw blades; blades and edges, teeth, adapters and tips, track shoes, and grouser bars for tractors, bulldozers, scrapers, excavators, earth movers, motor graders; and railroad accessories, such as tie plates, joint bars, metallic cores, and steel sleepers for the construction of permanent ways. The company also provides hand tools comprising shovels, spades, picks, post hole diggers, and hoes.
66GF Score

Get the complete analysis for BSP:MTSA4

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

R$45.00
Price
R$41.83
GF Value