MMHTF (Miramar Hotel & Investment Co) Operating Income: $67.4 Mil (TTM As of Dec. 2025)

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MMHTF Miramar Hotel & Investment Co Ltd MMHTF
82 GF Score
Price $1.27
GF Value $1.37
! 4 Warning Signs
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What is Miramar Hotel & Investment Co Operating Income?

Miramar Hotel & Investment Co MMHTF 82 Operating Income is $67.4 Mil as of Dec. 2025. GuruFocus rates MMHTF with a GF Score™ of 82/100 and a GF Value™ of $1.37. The stock has 4 warning signs investors should review.

Miramar Hotel & Investment Co's Operating Income for the six months ended in Dec. 2025 was $32.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $67.4 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Miramar Hotel & Investment Co's Operating Income for the six months ended in Dec. 2025 was $32.6 Mil. Miramar Hotel & Investment Co's Revenue for the six months ended in Dec. 2025 was $165.3 Mil. Therefore, Miramar Hotel & Investment Co's Operating Margin % for the quarter that ended in Dec. 2025 was 19.69%.

Warning Sign:

Miramar Hotel & Investment Co Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -10.4%.

Miramar Hotel & Investment Co's 5-Year average Growth Rate for Operating Margin % was -10.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Miramar Hotel & Investment Co's annualized ROC % for the quarter that ended in Dec. 2025 was 2.85%. Miramar Hotel & Investment Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 341.33%.


Miramar Hotel & Investment Co  (OTCPK:MMHTF) Operating Income Explanation

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

Miramar Hotel & Investment Co'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 )
=65.104 * ( 1 - 12.46% )/( (1994.02 + 2009.93)/ 2 )
=56.9920416/2001.975
=2.85 %

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))
=2889.568 - 81.145 - ( 879.47 - max(0, 115.589 - 929.992+879.47))
=1994.02

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))
=2915.864 - 58.314 - ( 887.817 - max(0, 91.047 - 938.667+887.817))
=2009.93

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:

Miramar Hotel & Investment Co'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 )
=108.278/( ( (31.279 + max(-87.395, 0)) + (32.165 + max(-59.842, 0)) )/ 2 )
=108.278/( ( 31.279 + 32.165 )/ 2 )
=108.278/31.722
=341.33 %

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)
=(7.953 + 14.436 + 0.057999999999993) - (81.145 + 0 + 28.697)
=-87.395

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.858 + 14.866 + 0.41100000000006) - (58.314 + 0 + 27.663)
=-59.842

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 %:

Miramar Hotel & Investment Co'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 )
=32.552/165.333
=19.69 %

* 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.


Miramar Hotel & Investment Co Operating Income Related Terms


Miramar Hotel & Investment Co Operating Income Historical Data

* Premium members only.

The historical data trend for Miramar Hotel & Investment Co'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.

Miramar Hotel & Investment Co Operating Income Chart

Miramar Hotel & Investment Co 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 62.04 58.75 85.89 84.63 67.67

Miramar Hotel & Investment Co 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 43.16 41.80 42.63 34.81 32.55
MMHTF
82GF Score
Miramar Hotel & Investment Co Ltd MMHTF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Miramar Hotel & Investment Co 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 $67.4 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 $67.4 Mil mean?
Miramar Hotel & Investment Co (MMHTF) has a Operating Income of $67.4 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Miramar Hotel & Investment Co and its competitors.
Is Miramar Hotel & Investment Co's Operating Income too high?
Miramar Hotel & Investment Co's current Operating Income is $67.4 Mil. Overall, Miramar Hotel & Investment Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Miramar Hotel & Investment Co's Operating Income compare to BKNG and ABNB?
Miramar Hotel & Investment Co's Operating Income of $67.4 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 Miramar Hotel & Investment Co and its competitors. Miramar Hotel & Investment Co's current Operating Income is $67.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miramar Hotel & Investment Co stock overvalued right now?
Miramar Hotel & Investment Co (MMHTF) has a current Operating Income of $67.4 Mil. The stock's GF Value™ is $1.37, compared to a current price of $1.27 — trading 7.3% below its estimated fair value. The current Operating Income is $67.4 Mil. Miramar Hotel & Investment Co's overall GF Score™ is 82/100 with 4 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 Miramar Hotel & Investment Co (MMHTF), the current Operating Income is $67.4 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 Miramar Hotel & Investment Co (MMHTF) Overvalued in 2026?

Based on GuruFocus' analysis, Miramar Hotel & Investment Co stock appears to be undervalued. The current stock price of $1.27 is trading 7.3% below its estimated GF Value™ of $1.37.

Key valuation signals for MMHTF:

  • Operating Income: $67.4 Mil
  • GF Value™: $1.37 vs. price of $1.27 (7.3% below fair value)
  • GF Score™: 82/100 with 4 warning signs

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


Miramar Hotel & Investment Co Business Description

Other Exchanges 00071:Hong Kong
Address 132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Miramar Hotel & Investment Co Ltd is an investment holding company. Along with its subsidiaries it operates in five reportbale segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provides hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in providing travel agency services; and Others. Maximum revenue for the group is generated from the Travel operation segment. Geographically, it generates maximum revenue from the Hong Kong Special Administrative Region, followed by the People's Republic of China, and United Kingdom.
82GF Score

Get the complete analysis for MMHTF

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

$1.27
Price
$1.37
GF Value