Sabvest Capital (JSE:SBP) Operating Income: R1,390.5 Mil (TTM As of Dec. 2025)

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JSE:SBP Sabvest Capital Ltd JSE:SBP
90 GF Score
Price R142.00
GF Value R124.83
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Sabvest Capital Operating Income?

Sabvest Capital JSE:SBP +0.71% 90 Operating Income is R1,390.5 Mil as of Dec. 2025. GuruFocus rates JSE:SBP with a GF Score™ of 90/100 and a GF Value™ of R124.83 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Sabvest Capital's Operating Income for the six months ended in Dec. 2025 was R1,028.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R1,390.5 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sabvest Capital's Operating Income for the six months ended in Dec. 2025 was R1,028.5 Mil. Sabvest Capital's Revenue for the six months ended in Dec. 2025 was R261.1 Mil. Therefore, Sabvest Capital's Operating Margin % for the quarter that ended in Dec. 2025 was 393.90%.

Warning Sign:

Sabvest Capital Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -8.2%.

Sabvest Capital's 5-Year average Growth Rate for Operating Margin % was -8.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sabvest Capital's annualized ROC % for the quarter that ended in Dec. 2025 was 36.46%. Sabvest Capital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.


Sabvest Capital  (JSE:SBP) Operating Income Explanation

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

Sabvest Capital'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 )
=2057.09 * ( 1 - 0% )/( (5226.18 + 6058.1)/ 2 )
=2057.09/5642.14
=36.46 %

where

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:

Sabvest Capital'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 )
=1765.286/( ( (0 + max(-1.751, 0)) + (0 + max(-2.5, 0)) )/ 2 )
=1765.286/( ( 0 + 0 )/ 2 )
=1765.286/0
= %

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)
=(0.414 + 0 + 5.5511151231258E-17) - (2.165 + 0 + 0)
=-1.751

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (2.5 + 0 + 0)
=-2.5

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 %:

Sabvest Capital'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 )
=1028.545/261.119
=393.90 %

* 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.


Sabvest Capital Operating Income Related Terms


Sabvest Capital Operating Income Historical Data

* Premium members only.

The historical data trend for Sabvest Capital'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.

Sabvest Capital Operating Income Chart

Sabvest Capital 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 751.93 783.52 98.94 1,054.23 1,390.48

Sabvest Capital Semi-Annual Data
Dec16 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 -70.89 410.15 644.08 361.93 1,028.55
JSE:SBP
90GF Score
Sabvest Capital Ltd JSE:SBP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sabvest Capital 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 R1,390.5 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 R1,390.5 Mil mean?
Sabvest Capital (JSE:SBP) has a Operating Income of R1,390.5 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sabvest Capital and its competitors.
Is Sabvest Capital's Operating Income too high?
Sabvest Capital's current Operating Income is R1,390.5 Mil. Overall, Sabvest Capital has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sabvest Capital's Operating Income compare to BLK and BX?
Sabvest Capital's Operating Income of R1,390.5 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Operating Income depends on the Asset Management 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 Sabvest Capital and its competitors. Sabvest Capital's current Operating Income is R1,390.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sabvest Capital stock overvalued right now?
Based on GuruFocus' analysis, Sabvest Capital (JSE:SBP) is currently considered Modestly Overvalued. The stock's GF Value™ is R124.83, compared to a current price of R142.00 — trading 13.8% above its estimated fair value. The current Operating Income is R1,390.5 Mil. Sabvest Capital's overall GF Score™ is 90/100 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 Sabvest Capital (JSE:SBP), the current Operating Income is R1,390.5 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 Sabvest Capital (JSE:SBP) Overvalued in 2026?

Based on GuruFocus' analysis, Sabvest Capital stock appears to be overvalued. The current stock price of R142.00 is trading 13.8% above its estimated GF Value™ of R124.83. GuruFocus considers Sabvest Capital to be Modestly Overvalued.

Key valuation signals for JSE:SBP:

  • Operating Income: R1,390.5 Mil
  • GF Value™: R124.83 vs. price of R142.00 (13.8% above fair value)
  • GF Score™: 90/100 with 6 warning signs

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


Sabvest Capital Business Description

Address 39 Rivonia Road, Ground Floor, 4 Commerce Square, Sandhurst, Sandton, ZAF, 2196
Sabvest Capital Ltd is an investment company that focuses on industrial and service businesses.
90GF Score

Get the complete analysis for JSE:SBP

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

R142.00
Price
R124.83
GF Value