Trematon Capital Investments (JSE:TMT) Operating Income: R-6.1 Mil (TTM As of Feb. 2026)

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JSE:TMT Trematon Capital Investments Ltd JSE:TMT
57 GF Score
Price R1.16
GF Value R11.64
Valuation Possible Value Trap
! 8 Warning Signs
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What is Trematon Capital Investments Operating Income?

Trematon Capital Investments JSE:TMT -4.92% 57 Operating Income is R-6.1 Mil as of Feb. 2026. GuruFocus rates JSE:TMT with a GF Score™ of 57/100 and a GF Value™ of R11.64 (Possible Value Trap). The stock has 8 warning signs investors should review.

Trematon Capital Investments's Operating Income for the six months ended in Feb. 2026 was R-10.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Feb. 2026 was R-6.1 Mil.

Warning Sign:

Trematon Capital Investments Ltd 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. Trematon Capital Investments's Operating Income for the six months ended in Feb. 2026 was R-10.6 Mil. Trematon Capital Investments's Revenue for the six months ended in Feb. 2026 was R2.5 Mil. Therefore, Trematon Capital Investments's Operating Margin % for the quarter that ended in Feb. 2026 was -423.35%.

Trematon Capital Investments'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. Trematon Capital Investments's annualized ROC % for the quarter that ended in Feb. 2026 was -4.14%. Trematon Capital Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -8.77%.


Trematon Capital Investments  (JSE:TMT) Operating Income Explanation

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

Trematon Capital Investments's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=-21.1 * ( 1 - 0% )/( (520.404 + 499.517)/ 2 )
=-21.1/509.9605
=-4.14 %

where

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

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

Trematon Capital Investments's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-28.384/( ( (327.586 + max(-22.503, 0)) + (319.737 + max(-27.648, 0)) )/ 2 )
=-28.384/( ( 327.586 + 319.737 )/ 2 )
=-28.384/323.6615
=-8.77 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.017 + 27.175 + 4.56) - (63.255 + 0 + 0)
=-22.503

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.345 + 19.172 + 1.657) - (60.823 + 0 + -0.00099999999999056)
=-27.648

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

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

Trematon Capital Investments's Operating Margin % for the quarter that ended in Feb. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Feb. 2026 )/Revenue (Q: Feb. 2026 )
=-10.55/2.492
=-423.35 %

* 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.


Trematon Capital Investments Operating Income Related Terms


Trematon Capital Investments Operating Income Historical Data

* Premium members only.

The historical data trend for Trematon Capital Investments'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.

Trematon Capital Investments Operating Income Chart

Trematon Capital Investments Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 90.58 112.85 127.20 21.21 -1.78

Trematon Capital Investments Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 14.95 6.26 -6.23 4.45 -10.55
JSE:TMT
57GF Score
Trematon Capital Investments Ltd JSE:TMT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Trematon Capital Investments 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-6.1 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 R-6.1 Mil mean?
Trematon Capital Investments (JSE:TMT) has a Operating Income of R-6.1 Mil as of Feb. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Trematon Capital Investments and its competitors.
Is Trematon Capital Investments' Operating Income too high?
Trematon Capital Investments' current Operating Income is R-6.1 Mil. Overall, Trematon Capital Investments has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Trematon Capital Investments' Operating Income compare to CBRE and BEKE?
Trematon Capital Investments' Operating Income of R-6.1 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Trematon Capital Investments and its competitors. Trematon Capital Investments's current Operating Income is R-6.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trematon Capital Investments stock overvalued right now?
Based on GuruFocus' analysis, Trematon Capital Investments (JSE:TMT) is currently considered Possible Value Trap. The stock's GF Value™ is R11.64, compared to a current price of R1.16 — trading 90% below its estimated fair value. The current Operating Income is R-6.1 Mil. Trematon Capital Investments' overall GF Score™ is 57/100 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 Trematon Capital Investments (JSE:TMT), the current Operating Income is R-6.1 Mil as of Feb. 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 Trematon Capital Investments (JSE:TMT) Overvalued in 2026?

Based on GuruFocus' analysis, Trematon Capital Investments stock appears to be undervalued. The current stock price of R1.16 is trading 90% below its estimated GF Value™ of R11.64. GuruFocus considers Trematon Capital Investments to be Possible Value Trap.

Key valuation signals for JSE:TMT:

  • Operating Income: R-6.1 Mil
  • GF Value™: R11.64 vs. price of R1.16 (90% below fair value)
  • GF Score™: 57/100 with 8 warning signs

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


Trematon Capital Investments Business Description

Address 42 Hans Strijdom Avenue, 3rd Floor, Aria North Wharf, Foreshore, Cape Town, WC, ZAF, 8001
Trematon Capital Investments Ltd operates as an investment holding company that invests in assets and businesses that its management believes are undervalued and have the potential to achieve its targeted internal rate of return. The company's reportable segments are Property investments, Education, Edutech, UK property investments, Corporate and other. Maximum revenue for the company is generated from its Property investments segment which generates income from the sale of investment property and inventory, rental income on investment property, fair value gains on property investments, and dividend income from reporting entities within the segment. Geographically, the company has a business presence in South Africa and the United Kingdom.
57GF Score

Get the complete analysis for JSE:TMT

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

R1.16
Price
R11.64
GF Value