Directa Sim SpA (FRA:ZP7) Operating Income: €-0.55 Mil (TTM As of Dec. 2025)


FRA:ZP7 Directa Sim SpA FRA:ZP7
64 GF Score
Price €7.50
GF Value €6.01
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Directa Sim SpA Operating Income?

Directa Sim SpA FRA:ZP7 64 Operating Income is €-0.55 Mil as of Dec. 2025. GuruFocus rates FRA:ZP7 with a GF Score™ of 64/100 and a GF Value™ of €6.01 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Directa Sim SpA's Operating Income for the six months ended in Dec. 2025 was €-1.05 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.55 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Directa Sim SpA's Operating Income for the six months ended in Dec. 2025 was €-1.05 Mil. Directa Sim SpA's Revenue for the six months ended in Dec. 2025 was €13.91 Mil. Therefore, Directa Sim SpA's Operating Margin % for the quarter that ended in Dec. 2025 was -7.53%.

Good Sign:

Directa Sim SpA operating margin is expanding. Margin expansion is usually a good sign.

Directa Sim SpA's 5-Year average Growth Rate for Operating Margin % was 20.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Directa Sim SpA's annualized ROC % for the quarter that ended in Dec. 2025 was -1.39%. Directa Sim SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 26.34%.

Directa Sim SpA  (FRA:ZP7) Operating Income Explanation

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

Directa Sim SpA'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 )
=-2.096 * ( 1 - 32.63% )/( (87.219 + 115.797)/ 2 )
=-1.4120752/101.508
=-1.39 %

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))
=111.839 - 16.356 - ( 8.264 - max(0, 61.826 - 107.943+8.264))
=87.219

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))
=152.685 - 20.199 - ( 16.689 - max(0, 97.524 - 149.243+16.689))
=115.797

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:

Directa Sim SpA'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 )
=20.2/( ( (2.04 + max(61.94, 0)) + (1.824 + max(87.549, 0)) )/ 2 )
=20.2/( ( 63.98 + 89.373 )/ 2 )
=20.2/76.6765
=26.34 %

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)
=(73.706 + 0 + 5.751) - (16.356 + 0 + 1.161)
=61.94

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(74.976 + 0 + 33.929) - (20.199 + 0 + 1.157)
=87.549

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 %:

Directa Sim SpA'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 )
=-1.048/13.914
=-7.53 %

* 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.

Directa Sim SpA Operating Income Related Terms

Directa Sim SpA Operating Income Historical Data

* Premium members only.

The historical data trend for Directa Sim SpA'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.

Directa Sim SpA Operating Income Chart

Directa Sim SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -1.55 -2.01 -3.04 -2.75 -0.55

Directa Sim SpA Semi-Annual Data
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 -2.24 -0.24 -2.51 0.49 -1.05
FRA:ZP7
64GF Score
Directa Sim SpA FRA:ZP7
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Directa Sim SpA 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 €-0.55 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 €-0.55 Mil mean?
Directa Sim SpA (FRA:ZP7) has a Operating Income of €-0.55 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Directa Sim SpA and its competitors.
Is Directa Sim SpA's Operating Income too high?
Directa Sim SpA's current Operating Income is €-0.55 Mil. Overall, Directa Sim SpA has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Directa Sim SpA's Operating Income compare to MS and GS?
Directa Sim SpA's Operating Income of €-0.55 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 Directa Sim SpA and its competitors. Directa Sim SpA's current Operating Income is €-0.55 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Directa Sim SpA stock overvalued right now?
Based on GuruFocus' analysis, Directa Sim SpA (FRA:ZP7) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.01, compared to a current price of €7.50 — trading 24.8% above its estimated fair value. The current Operating Income is €-0.55 Mil. Directa Sim SpA's overall GF Score™ is 64/100 with 3 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 Directa Sim SpA (FRA:ZP7), the current Operating Income is €-0.55 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.

Is Directa Sim SpA (FRA:ZP7) Overvalued in 2026?

Based on GuruFocus' analysis, Directa Sim SpA stock appears to be overvalued. The current stock price of €7.50 is trading 24.8% above its estimated GF Value™ of €6.01. GuruFocus considers Directa Sim SpA to be Modestly Overvalued.

Key valuation signals for FRA:ZP7:

  • Operating Income: €-0.55 Mil
  • GF Value™: €6.01 vs. price of €7.50 (24.8% above fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the FRA:ZP7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Directa Sim SpA Business Description

Other Exchanges D:Italy
Address Via Bruno Buozzi, 5, Torino, ITA, 10121
Directa Sim SpA is an online brokerage firm that allows private investors to operate directly on financial markets. The financial products of the company include Stocks, Bonds, Futures, Funds, Options, and Certificates & CW, among others.
64GF Score

Get the complete analysis for FRA:ZP7

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

€7.50
Price
€6.01
GF Value