Scandinavian Investment Group (FRA:2D2) Operating Income: €-0.51 Mil (TTM As of Dec. 2025)

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FRA:2D2 Scandinavian Investment Group Ltd FRA:2D2
31 GF Score
Price €0.42
! 4 Warning Signs
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What is Scandinavian Investment Group Operating Income?

Scandinavian Investment Group FRA:2D2 -1.41% 31 Operating Income is €-0.51 Mil as of Dec. 2025. GuruFocus rates FRA:2D2 with a GF Score™ of 31/100. The stock has 4 warning signs investors should review.

Scandinavian Investment Group's Operating Income for the six months ended in Dec. 2025 was €-0.38 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.51 Mil.

Warning Sign:

Scandinavian Investment Group Ltd has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Scandinavian Investment Group's Operating Income for the six months ended in Dec. 2025 was €-0.38 Mil. Scandinavian Investment Group's Revenue for the six months ended in Dec. 2025 was €0.00 Mil. Therefore, Scandinavian Investment Group's Operating Margin % for the quarter that ended in Dec. 2025 was %.

Scandinavian Investment Group'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. Scandinavian Investment Group's annualized ROC % for the quarter that ended in Dec. 2025 was -0.43%. Scandinavian Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.

Scandinavian Investment Group  (FRA:2D2) Operating Income Explanation

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

Scandinavian Investment Group's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-0.75 * ( 1 - 80.12% )/( (30.241 + 38.427)/ 2 )
=-0.1491/34.334
=-0.43 %

where

Invested Capital(Q: Jun. 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))
=42.854 - 0 - ( 17.305 - max(0, 4.826 - 17.439+17.305))
=30.241

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))
=50.49 - 0 - ( 17.031 - max(0, 5.155 - 17.218+17.031))
=38.427

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

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

Scandinavian Investment Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1.554/( ( (0 + max(-0.121, 0)) + (0 + max(-0.322, 0)) )/ 2 )
=1.554/( ( 0 + 0 )/ 2 )
=1.554/0
= %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0.121)
=-0.121

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0.322)
=-0.322

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

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

Scandinavian Investment Group's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-0.375/0
= %

* 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.

Scandinavian Investment Group Operating Income Related Terms

Scandinavian Investment Group Operating Income Historical Data

* Premium members only.

The historical data trend for Scandinavian Investment Group'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.

Scandinavian Investment Group Operating Income Chart

Scandinavian Investment Group 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 -0.38 -0.42 -0.46 -0.47 -0.51

Scandinavian Investment Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -0.19 -0.28 -0.19 -0.13 -0.38
FRA:2D2
31GF Score
Scandinavian Investment Group Ltd FRA:2D2
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Scandinavian Investment Group 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-0.51 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 €-0.51 Mil mean?
Scandinavian Investment Group (FRA:2D2) has a Operating Income of €-0.51 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Scandinavian Investment Group and its competitors.
Is Scandinavian Investment Group's Operating Income too high?
Scandinavian Investment Group's current Operating Income is €-0.51 Mil. Overall, Scandinavian Investment Group has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Investment Group's Operating Income compare to SSD and UFPI?
Scandinavian Investment Group's Operating Income of €-0.51 Mil can be compared against companies in the Forest Products 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 Forest Products company?
A good Operating Income depends on the Forest Products 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 Scandinavian Investment Group and its competitors. Scandinavian Investment Group's current Operating Income is €-0.51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Investment Group stock overvalued right now?
Scandinavian Investment Group (FRA:2D2) has a current Operating Income of €-0.51 Mil. The current Operating Income is €-0.51 Mil. Scandinavian Investment Group's overall GF Score™ is 31/100 with 4 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 Scandinavian Investment Group (FRA:2D2), the current Operating Income is €-0.51 Mil as of Dec. 2025. 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.

Scandinavian Investment Group Business Description

Other Exchanges SIG:Denmark
Address Herlev Hovedgade 195, Herlev, DNK, 2730
Scandinavian Investment Group Ltd is a listed trading company that invests in real estate, corporate bonds and shares in listed companies. The company takes an active and value-creating approach to all its investments, which means that it has a close dialog with the management of the companies it invests in as well as the tenants in the properties it owns.
31GF Score

Get the complete analysis for FRA:2D2

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

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