SOSSF (Sonae SGPS) Operating Income: $431 Mil (TTM As of Mar. 2026)


SOSSF Sonae SGPS SA SOSSF
88 GF Score
Price $0.70
GF Value $0.45
! 8 Warning Signs
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What is Sonae SGPS Operating Income?

Sonae SGPS SOSSF 88 Operating Income is $431 Mil as of Mar. 2026. GuruFocus rates SOSSF with a GF Score™ of 88/100 and a GF Value™ of $0.45. The stock has 8 warning signs investors should review.

Sonae SGPS's Operating Income for the three months ended in Mar. 2026 was $97 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $431 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sonae SGPS's Operating Income for the three months ended in Mar. 2026 was $97 Mil. Sonae SGPS's Revenue for the three months ended in Mar. 2026 was $3,162 Mil. Therefore, Sonae SGPS's Operating Margin % for the quarter that ended in Mar. 2026 was 3.08%.

Good Sign:

Sonae SGPS SA operating margin is expanding. Margin expansion is usually a good sign.

Sonae SGPS's 5-Year average Growth Rate for Operating Margin % was 8.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sonae SGPS's annualized ROC % for the quarter that ended in Mar. 2026 was 2.95%. Sonae SGPS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.16%.


Sonae SGPS  (OTCPK:SOSSF) Operating Income Explanation

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

Sonae SGPS's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=389.028 * ( 1 - 15.16% )/( (11409.689 + 10937.989)/ 2 )
=330.0513552/11173.839
=2.95 %

where

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))
=13300.93 - 2834.912 - ( 682.021 - max(0, 3845.677 - 2902.006+682.021))
=11409.689

Invested Capital(Q: Mar. 2026 )
=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))
=13153.401 - 2974.487 - ( 592.943 - max(0, 3608.363 - 2849.288+592.943))
=10937.989

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Sonae SGPS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=564.248/( ( (4263.041 + max(-1315.26, 0)) + (4312.994 + max(-726.543, 0)) )/ 2 )
=564.248/( ( 4263.041 + 4312.994 )/ 2 )
=564.248/4288.0175
=13.16 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(261.714 + 1575.788 + 233.77) - (2834.912 + 0 + 551.62)
=-1315.26

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(570.684 + 1597.138 + 88.523) - (2974.487 + 0 + 8.4009999999998)
=-726.543

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Sonae SGPS's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=97.257/3162.044
=3.08 %

* 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.


Sonae SGPS Operating Income Related Terms


Sonae SGPS Operating Income Historical Data

* Premium members only.

The historical data trend for Sonae SGPS'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.

Sonae SGPS Operating Income Chart

Sonae SGPS 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 279.08 171.90 224.79 260.65 429.61

Sonae SGPS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 64.67 102.15 157.88 73.32 97.26
SOSSF
88GF Score
Sonae SGPS SA SOSSF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sonae SGPS 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $431 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 $431 Mil mean?
Sonae SGPS (SOSSF) has a Operating Income of $431 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sonae SGPS and its competitors.
Is Sonae SGPS's Operating Income too high?
Sonae SGPS's current Operating Income is $431 Mil. Overall, Sonae SGPS has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Sonae SGPS's Operating Income compare to KR and SFM?
Sonae SGPS's Operating Income of $431 Mil can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Operating Income depends on the Retail - Defensive 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 Sonae SGPS and its competitors. Sonae SGPS's current Operating Income is $431 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonae SGPS stock overvalued right now?
Sonae SGPS (SOSSF) has a current Operating Income of $431 Mil. The stock's GF Value™ is $0.45, compared to a current price of $0.70 — trading 55.6% above its estimated fair value. The current Operating Income is $431 Mil. Sonae SGPS's overall GF Score™ is 88/100 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 Sonae SGPS (SOSSF), the current Operating Income is $431 Mil as of Mar. 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 Sonae SGPS (SOSSF) Overvalued in 2026?

Based on GuruFocus' analysis, Sonae SGPS stock appears to be overvalued. The current stock price of $0.70 is trading 55.6% above its estimated GF Value™ of $0.45.

Key valuation signals for SOSSF:

  • Operating Income: $431 Mil
  • GF Value™: $0.45 vs. price of $0.70 (55.6% above fair value)
  • GF Score™: 88/100 with 8 warning signs

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


Sonae SGPS Business Description

Address Lugar do Espido, Via Norte, Apartado 1011, Maia, PRT, 4470-909
Sonae SGPS SA is a retail company that manages a variety of business portfolios, including food, sports goods, clothing & apparel, financial services, electronics, technology, and telecommunication. The company's business is divided into segments based on the business offerings: MC, Worten, Musti, Bright Pixel, Sierra, and NOS. The MC business segment, which generates maximum of the company's revenue, deals in the Portuguese food retail market and also operates in complementary businesses to retail activities, as well as in the health and beauty retail sector in Portugal and Spain. The company operates earns majority of its revenue in Portugal, while it also has its presence in Nordic Countries, Spain, Netherlands, Romania, France, Italy, England, and Rest of the World.
88GF Score

Get the complete analysis for SOSSF

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

$0.70
Price
$0.45
GF Value