Honkarakenne Oyj (LTS:0EPR) Operating Income: €-3.90 Mil (TTM As of Dec. 2025)

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LTS:0EPR Honkarakenne Oyj LTS:0EPR
69 GF Score
Price €2.44
GF Value €2.40
! 5 Warning Signs
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What is Honkarakenne Oyj Operating Income?

Honkarakenne Oyj LTS:0EPR 69 Operating Income is €-3.90 Mil as of Dec. 2025. GuruFocus rates LTS:0EPR with a GF Score™ of 69/100 and a GF Value™ of €2.40. The stock has 5 warning signs investors should review.

Honkarakenne Oyj's Operating Income for the six months ended in Dec. 2025 was €-1.10 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €-3.90 Mil.

Warning Sign:

Honkarakenne Oyj has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Honkarakenne Oyj's Operating Income for the six months ended in Dec. 2025 was €-1.10 Mil. Honkarakenne Oyj's Revenue for the six months ended in Dec. 2025 was €20.40 Mil. Therefore, Honkarakenne Oyj's Operating Margin % for the quarter that ended in Dec. 2025 was -5.39%.

Honkarakenne Oyj'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. Honkarakenne Oyj's annualized ROC % for the quarter that ended in Dec. 2025 was -12.02%. Honkarakenne Oyj's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -25.82%.

Honkarakenne Oyj  (LTS:0EPR) Operating Income Explanation

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

Honkarakenne Oyj'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 )
=-2.2 * ( 1 - 0% )/( (15.6 + 20.992)/ 2 )
=-2.2/18.296
=-12.02 %

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))
=28.1 - 12.3 - ( 5 - max(0, 13.1 - 13.3+5))
=15.6

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))
=21.834 - 1.683 - ( 2.468 - max(0, 9.275 - 8.434+2.468))
=20.992

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:

Honkarakenne Oyj'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 )
=-2.8/( ( (11.3 + max(-4.8, 0)) + (10.388 + max(-3.301, 0)) )/ 2 )
=-2.8/( ( 11.3 + 10.388 )/ 2 )
=-2.8/10.844
=-25.82 %

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)
=(2.9 + 5.4 + 0) - (12.3 + 0 + 0.8)
=-4.8

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.895 + 4.338 + -1.7763568394003E-15) - (1.683 + 0 + 6.851)
=-3.301

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 %:

Honkarakenne Oyj'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 )
=-1.1/20.4
=-5.39 %

* 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.

Honkarakenne Oyj Operating Income Related Terms

Honkarakenne Oyj Operating Income Historical Data

* Premium members only.

The historical data trend for Honkarakenne Oyj'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.

Honkarakenne Oyj Operating Income Chart

Honkarakenne Oyj 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 3.43 4.12 -0.10 -2.14 -4.22

Honkarakenne Oyj Semi-Annual Data
Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only 0.00 -2.70 1.40 -2.80 -1.10
LTS:0EPR
69GF Score
Honkarakenne Oyj LTS:0EPR
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Honkarakenne Oyj 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 €-3.90 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 €-3.90 Mil mean?
Honkarakenne Oyj (LTS:0EPR) has a Operating Income of €-3.90 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Honkarakenne Oyj and its competitors.
Is Honkarakenne Oyj's Operating Income too high?
Honkarakenne Oyj's current Operating Income is €-3.90 Mil. Overall, Honkarakenne Oyj has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Honkarakenne Oyj's Operating Income compare to DHI and PHM?
Honkarakenne Oyj's Operating Income of €-3.90 Mil can be compared against companies in the Homebuilding & 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 Homebuilding & Construction company?
A good Operating Income depends on the Homebuilding & 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 Honkarakenne Oyj and its competitors. Honkarakenne Oyj's current Operating Income is €-3.90 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honkarakenne Oyj stock overvalued right now?
Honkarakenne Oyj (LTS:0EPR) has a current Operating Income of €-3.90 Mil. The stock's GF Value™ is €2.40, compared to a current price of €2.44 — trading 1.7% above its estimated fair value. The current Operating Income is €-3.90 Mil. Honkarakenne Oyj's overall GF Score™ is 69/100 with 5 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 Honkarakenne Oyj (LTS:0EPR), the current Operating Income is €-3.90 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 Honkarakenne Oyj (LTS:0EPR) Overvalued in 2026?

Based on GuruFocus' analysis, Honkarakenne Oyj stock appears to be overvalued. The current stock price of €2.44 is trading 1.7% above its estimated GF Value™ of €2.40.

Key valuation signals for LTS:0EPR:

  • Operating Income: €-3.90 Mil
  • GF Value™: €2.40 vs. price of €2.44 (1.7% above fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the LTS:0EPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Honkarakenne Oyj Business Description

Other Exchanges HONBS:Finland
Address Hongantie 41, Karstula, FIN, FI-43500
Honkarakenne Oyj is a Finnish company engaged in the manufacture and sales of log houses in Finland and abroad. It supplies contemporary log homes, traditional log homes, holiday lodges and log cabins for organic, healthy and ecological living. The company also offers services including Honka design service, building service, and extension services. Its business is divided into two geographical operating segments including Finland and Export. The company derives a majority of its revenue from Finland. The Group sells and manufactures log and solid-wood house packages as well as related design and construction services. The sales income related to company's primary business activities is presented as revenue.
69GF Score

Get the complete analysis for LTS:0EPR

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

€2.44
Price
€2.40
GF Value