PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) Operating Income: Rp349,697 Mil (TTM As of Mar. 2026)

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ISX:BIPI PT Astrindo Nusantara Infrastruktur Tbk ISX:BIPI
74 GF Score
Price Rp142.00
GF Value Rp43.10
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PT Astrindo Nusantara Infrastruktur Tbk Operating Income?

PT Astrindo Nusantara Infrastruktur Tbk ISX:BIPI +1.43% 74 Operating Income is Rp349,697 Mil as of Mar. 2026. GuruFocus rates ISX:BIPI with a GF Score™ of 74/100 and a GF Value™ of Rp43.10 (Significantly Overvalued). The stock has 6 warning signs investors should review.

PT Astrindo Nusantara Infrastruktur Tbk's Operating Income for the three months ended in Mar. 2026 was Rp202,932 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was Rp349,697 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PT Astrindo Nusantara Infrastruktur Tbk's Operating Income for the three months ended in Mar. 2026 was Rp202,932 Mil. PT Astrindo Nusantara Infrastruktur Tbk's Revenue for the three months ended in Mar. 2026 was Rp803,179 Mil. Therefore, PT Astrindo Nusantara Infrastruktur Tbk's Operating Margin % for the quarter that ended in Mar. 2026 was 25.27%.

Warning Sign:

PT Astrindo Nusantara Infrastruktur Tbk operating margin has been in a 5-year decline. The average rate of decline per year is -33.8%.

PT Astrindo Nusantara Infrastruktur Tbk's 5-Year average Growth Rate for Operating Margin % was -33.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. PT Astrindo Nusantara Infrastruktur Tbk's annualized ROC % for the quarter that ended in Mar. 2026 was 0.56%. PT Astrindo Nusantara Infrastruktur Tbk's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 27.03%.


PT Astrindo Nusantara Infrastruktur Tbk  (ISX:BIPI) Operating Income Explanation

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

PT Astrindo Nusantara Infrastruktur Tbk'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 )
=811728.656 * ( 1 - 85.25% )/( (21558992.026 + 21086119.623)/ 2 )
=119729.97676/21322555.8245
=0.56 %

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))
=26727825.885 - 3263937.502 - ( 4653185.13 - max(0, 7552289.127 - 9457185.484+4653185.13))
=21558992.026

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))
=26473598.673 - 3253957.236 - ( 4654590.394 - max(0, 7280841.05 - 9414362.864+4654590.394))
=21086119.623

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

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

PT Astrindo Nusantara Infrastruktur Tbk'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 )
=1223585.976/( ( (4199419.594 + max(319908.043, 0)) + (4245357.125 + max(287646.651, 0)) )/ 2 )
=1223585.976/( ( 4519327.637 + 4533003.776 )/ 2 )
=1223585.976/4526165.7065
=27.03 %

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)
=(723301.595 + 145335.287 + 3216556.093) - (3263937.502 + 0 + 501347.43)
=319908.043

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(771436.794 + 83597.149 + 3261643.164) - (3253957.236 + 0 + 575073.22)
=287646.651

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 %:

PT Astrindo Nusantara Infrastruktur Tbk'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 )
=202932.164/803179.333
=25.27 %

* 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.


PT Astrindo Nusantara Infrastruktur Tbk Operating Income Related Terms


PT Astrindo Nusantara Infrastruktur Tbk Operating Income Historical Data

* Premium members only.

The historical data trend for PT Astrindo Nusantara Infrastruktur Tbk'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.

PT Astrindo Nusantara Infrastruktur Tbk Operating Income Chart

PT Astrindo Nusantara Infrastruktur Tbk 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 616,028.31 174,825.50 1,558,132.46 1,574,300.36 366,738.12

PT Astrindo Nusantara Infrastruktur Tbk 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 216,481.23 -64,796.23 160,905.31 50,656.01 202,932.16
ISX:BIPI
74GF Score
PT Astrindo Nusantara Infrastruktur Tbk ISX:BIPI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Astrindo Nusantara Infrastruktur Tbk 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 Rp349,697 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 Rp349,697 Mil mean?
PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) has a Operating Income of Rp349,697 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PT Astrindo Nusantara Infrastruktur Tbk and its competitors.
Is PT Astrindo Nusantara Infrastruktur Tbk's Operating Income too high?
PT Astrindo Nusantara Infrastruktur Tbk's current Operating Income is Rp349,697 Mil. Overall, PT Astrindo Nusantara Infrastruktur Tbk has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Astrindo Nusantara Infrastruktur Tbk's Operating Income compare to competitors?
PT Astrindo Nusantara Infrastruktur Tbk's Operating Income of Rp349,697 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 PT Astrindo Nusantara Infrastruktur Tbk and its competitors. PT Astrindo Nusantara Infrastruktur Tbk's current Operating Income is Rp349,697 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Astrindo Nusantara Infrastruktur Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp43.10, compared to a current price of Rp142.00 — trading 229.5% above its estimated fair value. The current Operating Income is Rp349,697 Mil. PT Astrindo Nusantara Infrastruktur Tbk's overall GF Score™ is 74/100 with 6 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 PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI), the current Operating Income is Rp349,697 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 PT Astrindo Nusantara Infrastruktur Tbk (ISX:BIPI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Astrindo Nusantara Infrastruktur Tbk stock appears to be overvalued. The current stock price of Rp142.00 is trading 229.5% above its estimated GF Value™ of Rp43.10. GuruFocus considers PT Astrindo Nusantara Infrastruktur Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BIPI:

  • Operating Income: Rp349,697 Mil
  • GF Value™: Rp43.10 vs. price of Rp142.00 (229.5% above fair value)
  • GF Score™: 74/100 with 6 warning signs

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


PT Astrindo Nusantara Infrastruktur Tbk Business Description

Address Jalan Mega Kuningan Barat III Lot. 10.1-6, Sopo Del Office Tower B, 21st Floor, South Jakarta, Jakarta, IDN, 12950
PT Astrindo Nusantara Infrastruktur Tbk is an Indonesia-based integrated infrastructure company engaged in energy and natural resources. The Company runs business activities in the development of coal network infrastructure projects, including Coal crusher, Coal Preparation Plant (CPP), and Overland Conveyor (OLC), as well as produces integrated coal distribution services. It also produces coal mining products. Its business segments are; Port services, Mining Coal Services, and Other services. It generates maximum revenue from the Mining Coal Services segment.
74GF Score

Get the complete analysis for ISX:BIPI

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

Rp142.00
Price
Rp43.10
GF Value