Fiplasto (BUE:FIPL) Operating Income: ARS-13,560 Mil (TTM As of Mar. 2026)

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BUE:FIPL Fiplasto SA BUE:FIPL
71 GF Score
Price ARS167.00
GF Value ARS203.92
Valuation Modestly Undervalued
! 12 Warning Signs
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What is Fiplasto Operating Income?

Fiplasto BUE:FIPL +1.83% 71 Operating Income is ARS-13,560 Mil as of Mar. 2026. GuruFocus rates BUE:FIPL with a GF Score™ of 71/100 and a GF Value™ of ARS203.92 (Modestly Undervalued). The stock has 12 warning signs investors should review.

Fiplasto's Operating Income for the three months ended in Mar. 2026 was ARS-4,309 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ARS-13,560 Mil.

Warning Sign:

Fiplasto SA had lost money in 58% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fiplasto's Operating Income for the three months ended in Mar. 2026 was ARS-4,309 Mil. Fiplasto's Revenue for the three months ended in Mar. 2026 was ARS12,121 Mil. Therefore, Fiplasto's Operating Margin % for the quarter that ended in Mar. 2026 was -35.55%.

Fiplasto's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fiplasto's annualized ROC % for the quarter that ended in Mar. 2026 was -14.31%. Fiplasto's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -28.65%.


Fiplasto  (BUE:FIPL) Operating Income Explanation

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

Fiplasto'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 )
=-17236 * ( 1 - 20.81% )/( (95510 + 95301)/ 2 )
=-13649.1884/95405.5
=-14.31 %

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:

Fiplasto'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 )
=-20312/( ( (53680 + max(16971, 0)) + (55649 + max(15486, 0)) )/ 2 )
=-20312/( ( 70651 + 71135 )/ 2 )
=-20312/70893
=-28.65 %

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)
=(6788 + 18063 + 1484) - (5430 + 0 + 3934)
=16971

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8014 + 16371 + 1555) - (6328 + 0 + 4126)
=15486

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 %:

Fiplasto'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 )
=-4309/12121
=-35.55 %

* 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.


Fiplasto Operating Income Related Terms


Fiplasto Operating Income Historical Data

* Premium members only.

The historical data trend for Fiplasto'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.

Fiplasto Operating Income Chart

Fiplasto 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 116.65 1,487.34 5,532.80 11,279.00 -9,822.00

Fiplasto 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 -5,539.00 -4,340.00 -3,271.00 -1,640.00 -4,309.00
BUE:FIPL
71GF Score
Fiplasto SA BUE:FIPL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fiplasto 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 ARS-13,560 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 ARS-13,560 Mil mean?
Fiplasto (BUE:FIPL) has a Operating Income of ARS-13,560 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fiplasto and its competitors.
Is Fiplasto's Operating Income too high?
Fiplasto's current Operating Income is ARS-13,560 Mil. Overall, Fiplasto has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fiplasto's Operating Income compare to SN and SGI?
Fiplasto's Operating Income of ARS-13,560 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Operating Income depends on the Furnishings, Fixtures & Appliances 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 Fiplasto and its competitors. Fiplasto's current Operating Income is ARS-13,560 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiplasto stock overvalued right now?
Based on GuruFocus' analysis, Fiplasto (BUE:FIPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS203.92, compared to a current price of ARS167.00 — trading 18.1% below its estimated fair value. The current Operating Income is ARS-13,560 Mil. Fiplasto's overall GF Score™ is 71/100 with 12 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 Fiplasto (BUE:FIPL), the current Operating Income is ARS-13,560 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 Fiplasto (BUE:FIPL) Overvalued in 2026?

Based on GuruFocus' analysis, Fiplasto stock appears to be undervalued. The current stock price of ARS167.00 is trading 18.1% below its estimated GF Value™ of ARS203.92. GuruFocus considers Fiplasto to be Modestly Undervalued.

Key valuation signals for BUE:FIPL:

  • Operating Income: ARS-13,560 Mil
  • GF Value™: ARS203.92 vs. price of ARS167.00 (18.1% below fair value)
  • GF Score™: 71/100 with 12 warning signs

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


Fiplasto Business Description

Address Piso 10, Alsina 756, Buenos Aires, ARG, C1087AAL
Fiplasto SA operates in the furniture industry. The principal business activity of the company is the manufacturing and marketing of wood fiber boards. The company serves a wide variety of industries in Argentina and the world that use its hardboard products for applications as diverse as auto parts, packaging, manufacture of furniture and doors, boards, formworks for construction, exhibitors, and posters. The company has two segments, Hardboard and Furniture, where it generates the majority of its revenue from the Hardboard segment.
71GF Score

Get the complete analysis for BUE:FIPL

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

ARS167.00
Price
ARS203.92
GF Value