Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) Operating Income: ₺153 Mil (TTM As of Mar. 2026)

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IST:MAKIM Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi IST:MAKIM
82 GF Score
Price ₺18.46
GF Value ₺26.59
Valuation Significantly Undervalued
! 8 Warning Signs
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What is Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Operating Income?

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi IST:MAKIM +2.44% 82 Operating Income is ₺153 Mil as of Mar. 2026. GuruFocus rates IST:MAKIM with a GF Score™ of 82/100 and a GF Value™ of ₺26.59 (Significantly Undervalued). The stock has 8 warning signs investors should review.

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Operating Income for the three months ended in Mar. 2026 was ₺11 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺153 Mil.

Warning Sign:

Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi 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. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Operating Income for the three months ended in Mar. 2026 was ₺11 Mil. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Revenue for the three months ended in Mar. 2026 was ₺366 Mil. Therefore, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Operating Margin % for the quarter that ended in Mar. 2026 was 2.93%.

Warning Sign:

Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi operating margin has been in a 5-year decline. The average rate of decline per year is -20.4%.

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's 5-Year average Growth Rate for Operating Margin % was -20.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.19%.


Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi  (IST:MAKIM) Operating Income Explanation

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

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi'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 )
=42.956 * ( 1 - 100% )/( (1222.434 + 1438.019)/ 2 )
=0/1330.2265
=0.00 %

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))
=1769.592 - 267.405 - ( 279.753 - max(0, 512.79 - 931.562+279.753))
=1222.434

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))
=2050.717 - 275.633 - ( 337.065 - max(0, 679.521 - 1137.123+337.065))
=1438.019

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

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

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi'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 )
=103.044/( ( (772.447 + max(363.17, 0)) + (893.266 + max(486.827, 0)) )/ 2 )
=103.044/( ( 1135.617 + 1380.093 )/ 2 )
=103.044/1257.855
=8.19 %

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)
=(307.691 + 299.884 + 44.21) - (267.405 + 0 + 21.21)
=363.17

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(356.981 + 385.932 + 56.899) - (275.633 + 0 + 37.352)
=486.827

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 %:

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi'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 )
=10.739/366.495
=2.93 %

* 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.


Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Operating Income Related Terms


Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Operating Income Historical Data

* Premium members only.

The historical data trend for Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi'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.

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Operating Income Chart

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 46.62 135.44 368.90 215.94 135.28

Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi 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 0.99 -20.85 71.31 92.01 10.74
IST:MAKIM
82GF Score
Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi IST:MAKIM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi 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 ₺153 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 ₺153 Mil mean?
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) has a Operating Income of ₺153 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi and its competitors.
Is Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Operating Income too high?
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's current Operating Income is ₺153 Mil. Overall, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Operating Income compare to GEV and ETN?
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's Operating Income of ₺153 Mil can be compared against companies in the Industrial 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 an Industrial Products company?
A good Operating Income depends on the Industrial 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 Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi and its competitors. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's current Operating Income is ₺153 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi stock overvalued right now?
Based on GuruFocus' analysis, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺26.59, compared to a current price of ₺18.46 — trading 30.6% below its estimated fair value. The current Operating Income is ₺153 Mil. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's overall GF Score™ is 82/100 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 Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM), the current Operating Income is ₺153 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 Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) Overvalued in 2026?

Based on GuruFocus' analysis, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi stock appears to be undervalued. The current stock price of ₺18.46 is trading 30.6% below its estimated GF Value™ of ₺26.59. GuruFocus considers Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi to be Significantly Undervalued.

Key valuation signals for IST:MAKIM:

  • Operating Income: ₺153 Mil
  • GF Value™: ₺26.59 vs. price of ₺18.46 (30.6% below fair value)
  • GF Score™: 82/100 with 8 warning signs

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


Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Business Description

Address Erkunt Caddesi No:20, Sincan Organize Sanayi Bolgesi, Sincan, Ankara, TUR, 06930
Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi engages in production of own designed plunge electro erosion machines. It works on the design, development, and production issues of the electromechanical devices. It offers Turnstile Systems, Biometric Systems, Access Control Systems, Cameras and Accessories, and Alarm Systems, among others. It operates in three main sectors namely Access Control, Investment Casting, and Doner Cutting Equipment.
82GF Score

Get the complete analysis for IST:MAKIM

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

₺18.46
Price
₺26.59
GF Value