SPSTF (Singapore Post) Operating Income: $12.2 Mil (TTM As of Mar. 2026)


SPSTF Singapore Post Ltd SPSTF
42 GF Score
Price $0.25
GF Value $0.22
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Singapore Post Operating Income?

Singapore Post SPSTF 42 Operating Income is $12.2 Mil as of Mar. 2026. GuruFocus rates SPSTF with a GF Score™ of 42/100 and a GF Value™ of $0.22 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Singapore Post's Operating Income for the six months ended in Mar. 2026 was $7.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $12.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Singapore Post's Operating Income for the six months ended in Mar. 2026 was $7.6 Mil. Singapore Post's Revenue for the six months ended in Mar. 2026 was $146.6 Mil. Therefore, Singapore Post's Operating Margin % for the quarter that ended in Mar. 2026 was 5.18%.

Warning Sign:

Singapore Post Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.2%.

Singapore Post's 5-Year average Growth Rate for Operating Margin % was -4.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Singapore Post's annualized ROC % for the quarter that ended in Mar. 2026 was 1.15%. Singapore Post's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 34.16%.


Singapore Post  (OTCPK:SPSTF) Operating Income Explanation

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

Singapore Post'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: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=15.178 * ( 1 - 13.02% )/( (1086.264 + 1203.578)/ 2 )
=13.2018244/1144.921
=1.15 %

where

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))
=1597.32 - 194.063 - ( 462.434 - max(0, 214.654 - 531.647+462.434))
=1086.264

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))
=1595.292 - 119.533 - ( 471.876 - max(0, 251.056 - 523.237+471.876))
=1203.578

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

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

Singapore Post'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: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=82.742/( ( (246.042 + max(-143.131, 0)) + (238.446 + max(-124.335, 0)) )/ 2 )
=82.742/( ( 246.042 + 238.446 )/ 2 )
=82.742/242.244
=34.16 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49.619 + 0.011 + 19.583) - (194.063 + 0 + 18.281)
=-143.131

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(35.646 + 0.011 + 11.262) - (119.533 + 0 + 51.721)
=-124.335

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

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

Singapore Post'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 )
=7.589/146.643
=5.18 %

* 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.


Singapore Post Operating Income Related Terms


Singapore Post Operating Income Historical Data

* Premium members only.

The historical data trend for Singapore Post'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.

Singapore Post Operating Income Chart

Singapore Post Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.13 69.40 26.40 28.04 12.26

Singapore Post Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 19.94 12.98 15.45 4.66 7.59
SPSTF
42GF Score
Singapore Post Ltd SPSTF
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Singapore Post 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 semi-annually data reported by the company within the most recent 12 months, which was $12.2 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 $12.2 Mil mean?
Singapore Post (SPSTF) has a Operating Income of $12.2 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Singapore Post and its competitors.
Is Singapore Post's Operating Income too high?
Singapore Post's current Operating Income is $12.2 Mil. Overall, Singapore Post has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Post's Operating Income compare to UPS and FDX?
Singapore Post's Operating Income of $12.2 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Operating Income depends on the Transportation 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 Singapore Post and its competitors. Singapore Post's current Operating Income is $12.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Post stock overvalued right now?
Based on GuruFocus' analysis, Singapore Post (SPSTF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.22, compared to a current price of $0.25 — trading 14.5% above its estimated fair value. The current Operating Income is $12.2 Mil. Singapore Post's overall GF Score™ is 42/100 with 7 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 Singapore Post (SPSTF), the current Operating Income is $12.2 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 Singapore Post (SPSTF) Overvalued in 2026?

Based on GuruFocus' analysis, Singapore Post stock appears to be overvalued. The current stock price of $0.25 is trading 14.5% above its estimated GF Value™ of $0.22. GuruFocus considers Singapore Post to be Modestly Overvalued.

Key valuation signals for SPSTF:

  • Operating Income: $12.2 Mil
  • GF Value™: $0.22 vs. price of $0.25 (14.5% above fair value)
  • GF Score™: 42/100 with 7 warning signs

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


Singapore Post Business Description

Address 10 Eunos Road 8, Singapore Post Centre, Singapore, SGP, 408600
Singapore Post Ltd is a Singapore-based provider of postal and parcel delivery services. It operates through the following business segments: Post and Parcel, Logistics, Property, and Others. The Post and Parcel segment provides delivery services such as collecting, transporting, and distributing mail. The Logistics segment provides services like freight forwarding and eCommerce logistics, warehousing, fulfillment, delivery, and other value-added services in Asia Pacific. The Property segment leases commercial and self-storage properties. It generates maximum revenue from the Logistics segment. Geographically, the company operates in Australia, which is its key revenue-generating market, Singapore, and other countries.
42GF Score

Get the complete analysis for SPSTF

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

$0.25
Price
$0.22
GF Value