Waterfront Philippines (PHS:WPI) Operating Income: ₱298 Mil (TTM As of Sep. 2025)


PHS:WPI Waterfront Philippines Inc PHS:WPI
45 GF Score
Price ₱0.49
GF Value ₱0.52
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Waterfront Philippines Operating Income?

Waterfront Philippines PHS:WPI 45 Operating Income is ₱298 Mil as of Sep. 2025. GuruFocus rates PHS:WPI with a GF Score™ of 45/100 and a GF Value™ of ₱0.52 (Fairly Valued). The stock has 10 warning signs investors should review.

Waterfront Philippines's Operating Income for the three months ended in Sep. 2025 was ₱192 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was ₱298 Mil.

Warning Sign:

Waterfront Philippines Inc 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. Waterfront Philippines's Operating Income for the three months ended in Sep. 2025 was ₱192 Mil. Waterfront Philippines's Revenue for the three months ended in Sep. 2025 was ₱526 Mil. Therefore, Waterfront Philippines's Operating Margin % for the quarter that ended in Sep. 2025 was 36.49%.

Good Sign:

Waterfront Philippines Inc operating margin is expanding. Margin expansion is usually a good sign.

Waterfront Philippines's 5-Year average Growth Rate for Operating Margin % was 60.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Waterfront Philippines's annualized ROC % for the quarter that ended in Sep. 2025 was 3.14%. Waterfront Philippines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 5.65%.

Waterfront Philippines  (PHS:WPI) Operating Income Explanation

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

Waterfront Philippines's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=767.436 * ( 1 - 15.57% )/( (21636.899 + 19617.998)/ 2 )
=647.9462148/20627.4485
=3.14 %

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))
=22771.597 - 777.374 - ( 357.324 - max(0, 2965.058 - 8650.039+357.324))
=21636.899

Invested Capital(Q: Sep. 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))
=20921.436 - 969.492 - ( 333.946 - max(0, 2719.333 - 7584.331+333.946))
=19617.998

Note: The Operating Income data used here is four times the quarterly (Sep. 2025) data.

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

Waterfront Philippines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=531.964/( ( (9438.791 + max(-540.339, 0)) + (9393.186 + max(-530.438, 0)) )/ 2 )
=531.964/( ( 9438.791 + 9393.186 )/ 2 )
=531.964/9415.9885
=5.65 %

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)
=(1050.383 + 34.666 + 669.67) - (777.374 + 0 + 1517.684)
=-540.339

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1290.458 + 37.623 + 131.916) - (969.492 + 0 + 1020.943)
=-530.438

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

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

Waterfront Philippines's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=191.859/525.766
=36.49 %

* 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.

Waterfront Philippines Operating Income Related Terms

Waterfront Philippines Operating Income Historical Data

* Premium members only.

The historical data trend for Waterfront Philippines'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.

Waterfront Philippines Operating Income Chart

Waterfront Philippines Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 18.71 197.70 335.25 175.08

Waterfront Philippines Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 121.62 -192.93 162.60 136.26 191.86
PHS:WPI
45GF Score
Waterfront Philippines Inc PHS:WPI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waterfront Philippines 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 Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱298 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 ₱298 Mil mean?
Waterfront Philippines (PHS:WPI) has a Operating Income of ₱298 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Waterfront Philippines and its competitors.
Is Waterfront Philippines' Operating Income too high?
Waterfront Philippines' current Operating Income is ₱298 Mil. Overall, Waterfront Philippines has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Waterfront Philippines' Operating Income compare to LVS and MGM?
Waterfront Philippines' Operating Income of ₱298 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 Waterfront Philippines and its competitors. Waterfront Philippines's current Operating Income is ₱298 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waterfront Philippines stock overvalued right now?
Based on GuruFocus' analysis, Waterfront Philippines (PHS:WPI) is currently considered Fairly Valued. The stock's GF Value™ is ₱0.52, compared to a current price of ₱0.49 — trading 5.8% below its estimated fair value. The current Operating Income is ₱298 Mil. Waterfront Philippines' overall GF Score™ is 45/100 with 10 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 Waterfront Philippines (PHS:WPI), the current Operating Income is ₱298 Mil as of Sep. 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 Waterfront Philippines (PHS:WPI) Overvalued in 2026?

Based on GuruFocus' analysis, Waterfront Philippines stock appears to be undervalued. The current stock price of ₱0.49 is trading 5.8% below its estimated GF Value™ of ₱0.52. GuruFocus considers Waterfront Philippines to be Fairly Valued.

Key valuation signals for PHS:WPI:

  • Operating Income: ₱298 Mil
  • GF Value™: ₱0.52 vs. price of ₱0.49 (5.8% below fair value)
  • GF Score™: 45/100 with 10 warning signs

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

Waterfront Philippines Business Description

Address No.1 Waterfront Drive, Off Salinas Drive Lahug, Cebu, CEB, PHL, 6000
Waterfront Philippines Inc is an investment holding company for hotel, leisure, and tourism businesses. The company holds equity interests in hotels and resorts, a fitness gym, and entities engaged in the international marketing and promotion of casinos. The group's operating businesses are organized and managed separately according to hotel property location, with each segment representing a strategic business unit. Its segments are WCCCHI, WMCHI, DIHCI, Parent Company and Others, and APHC and Subsidiaries. The majority is from the WCCCHI segment.
45GF Score

Get the complete analysis for PHS:WPI

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

₱0.49
Price
₱0.52
GF Value