Ecomembrane SpA (MIL:ECMB) Operating Income: €2.00 Mil (TTM As of Dec. 2025)


MIL:ECMB Ecomembrane SpA MIL:ECMB
56 GF Score
Price €5.50
GF Value €10.61
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Ecomembrane SpA Operating Income?

Ecomembrane SpA MIL:ECMB -1.79% 56 Operating Income is €2.00 Mil as of Dec. 2025. GuruFocus rates MIL:ECMB with a GF Score™ of 56/100 and a GF Value™ of €10.61 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Ecomembrane SpA's Operating Income for the six months ended in Dec. 2025 was €4.28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €2.00 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ecomembrane SpA's Operating Income for the six months ended in Dec. 2025 was €4.28 Mil. Ecomembrane SpA's Revenue for the six months ended in Dec. 2025 was €17.58 Mil. Therefore, Ecomembrane SpA's Operating Margin % for the quarter that ended in Dec. 2025 was 24.35%.

Ecomembrane SpA'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. Ecomembrane SpA's annualized ROC % for the quarter that ended in Dec. 2025 was 38.87%. Ecomembrane SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 157.21%.

Ecomembrane SpA  (MIL:ECMB) Operating Income Explanation

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

Ecomembrane SpA'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 )
=8.562 * ( 1 - 8.55% )/( (16.031 + 24.261)/ 2 )
=7.829949/20.146
=38.87 %

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))
=30.219 - 4.413 - ( 9.775 - max(0, 13.171 - 24.969+9.775))
=16.031

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))
=40.28 - 7.044 - ( 8.975 - max(0, 19.603 - 35.406+8.975))
=24.261

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:

Ecomembrane SpA'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 )
=8.328/( ( (1.543 + max(1.02, 0)) + (1.407 + max(6.625, 0)) )/ 2 )
=8.328/( ( 2.563 + 8.032 )/ 2 )
=8.328/5.2975
=157.21 %

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)
=(5.163 + 7.142 + 0.692) - (4.413 + 0 + 7.564)
=1.02

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8.938 + 14.68 + 1.118) - (7.044 + 0 + 11.067)
=6.625

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 %:

Ecomembrane SpA'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 )
=4.281/17.584
=24.35 %

* 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.

Ecomembrane SpA Operating Income Related Terms

Ecomembrane SpA Operating Income Historical Data

* Premium members only.

The historical data trend for Ecomembrane SpA'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.

Ecomembrane SpA Operating Income Chart

Ecomembrane SpA Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
1.97 2.82 1.12 0.87 2.00

Ecomembrane SpA Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial 1.98 -1.85 2.72 -2.28 4.28
MIL:ECMB
56GF Score
Ecomembrane SpA MIL:ECMB
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Ecomembrane SpA 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 €2.00 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 €2.00 Mil mean?
Ecomembrane SpA (MIL:ECMB) has a Operating Income of €2.00 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Ecomembrane SpA and its competitors.
Is Ecomembrane SpA's Operating Income too high?
Ecomembrane SpA's current Operating Income is €2.00 Mil. Overall, Ecomembrane SpA has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ecomembrane SpA's Operating Income compare to SW and PKG?
Ecomembrane SpA's Operating Income of €2.00 Mil can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Operating Income depends on the Packaging & Containers 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 Ecomembrane SpA and its competitors. Ecomembrane SpA's current Operating Income is €2.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomembrane SpA stock overvalued right now?
Based on GuruFocus' analysis, Ecomembrane SpA (MIL:ECMB) is currently considered Significantly Undervalued. The stock's GF Value™ is €10.61, compared to a current price of €5.50 — trading 48.2% below its estimated fair value. The current Operating Income is €2.00 Mil. Ecomembrane SpA's overall GF Score™ is 56/100 with 3 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 Ecomembrane SpA (MIL:ECMB), the current Operating Income is €2.00 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 Ecomembrane SpA (MIL:ECMB) Overvalued in 2026?

Based on GuruFocus' analysis, Ecomembrane SpA stock appears to be undervalued. The current stock price of €5.50 is trading 48.2% below its estimated GF Value™ of €10.61. GuruFocus considers Ecomembrane SpA to be Significantly Undervalued.

Key valuation signals for MIL:ECMB:

  • Operating Income: €2.00 Mil
  • GF Value™: €10.61 vs. price of €5.50 (48.2% below fair value)
  • GF Score™: 56/100 with 3 warning signs

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

Ecomembrane SpA Business Description

Other Exchanges IY0:Germany
Address Via Pari Opportunita, 9, Gadesco, Pieve Delmona, ITA, 26030
Ecomembrane SpA operates in the sector of design, sale, and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2, and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding, and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has an extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.
56GF Score

Get the complete analysis for MIL:ECMB

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

€5.50
Price
€10.61
GF Value