Guangzhou R&F Properties Co (STU:G5HA) Operating Income: €-761 Mil (TTM As of Jun. 2026)

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STU:G5HA Guangzhou R&F Properties Co Ltd STU:G5HA
32 GF Score
Price €0.02
GF Value €0.05
Valuation Possible Value Trap
! 4 Warning Signs
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What is Guangzhou R&F Properties Co Operating Income?

Guangzhou R&F Properties Co STU:G5HA -4.92% 32 Operating Income is €-761 Mil as of Jun. 2026. GuruFocus rates STU:G5HA with a GF Score™ of 32/100 and a GF Value™ of €0.05 (Possible Value Trap). The stock has 4 warning signs investors should review.

Guangzhou R&F Properties Co's Operating Income for the six months ended in Jun. 2026 was €-195 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was €-761 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Guangzhou R&F Properties Co's Operating Income for the six months ended in Jun. 2026 was €-195 Mil. Guangzhou R&F Properties Co's Revenue for the six months ended in Jun. 2026 was €909 Mil. Therefore, Guangzhou R&F Properties Co's Operating Margin % for the quarter that ended in Jun. 2026 was -21.41%.

Guangzhou R&F Properties Co'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. Guangzhou R&F Properties Co's annualized ROC % for the quarter that ended in Jun. 2026 was -1.77%. Guangzhou R&F Properties Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -10.93%.


Guangzhou R&F Properties Co  (STU:G5HA) Operating Income Explanation

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

Guangzhou R&F Properties Co's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-389.374 * ( 1 - 0% )/( (22430.691 + 21565.278)/ 2 )
=-389.374/21997.9845
=-1.77 %

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))
=32600.416 - 15869.506 - ( 115.941 - max(0, 29757.768 - 24057.987+115.941))
=22430.691

Invested Capital(Q: Jun. 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))
=33344.979 - 17056.667 - ( 109.705 - max(0, 29957.175 - 24680.209+109.705))
=21565.278

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

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

Guangzhou R&F Properties Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-301.302/( ( (2319.756 + max(545.23, 0)) + (2646.883 + max(-73.080000000002, 0)) )/ 2 )
=-301.302/( ( 2864.986 + 2646.883 )/ 2 )
=-301.302/2755.9345
=-10.93 %

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)
=(258.963 + 17561.706 + 1157.233) - (15869.506 + 0 + 2563.166)
=545.23

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(269.741 + 17849.991 + 1149.974) - (17056.667 + 0 + 2286.119)
=-73.080000000002

When net working capital is negative, 0 is used.

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

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

Guangzhou R&F Properties Co's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-194.687/909.263
=-21.41 %

* 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.


Guangzhou R&F Properties Co Operating Income Related Terms


Guangzhou R&F Properties Co Operating Income Historical Data

* Premium members only.

The historical data trend for Guangzhou R&F Properties 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.

Guangzhou R&F Properties Co Operating Income Chart

Guangzhou R&F Properties 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 -1,616.78 -232.70 -570.68 -674.33 -612.33

Guangzhou R&F Properties Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 -92.38 -579.70 -45.92 -566.22 -194.69
STU:G5HA
32GF Score
Guangzhou R&F Properties Co Ltd STU:G5HA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Guangzhou R&F Properties 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 Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-761 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 €-761 Mil mean?
Guangzhou R&F Properties Co (STU:G5HA) has a Operating Income of €-761 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Guangzhou R&F Properties Co and its competitors.
Is Guangzhou R&F Properties Co's Operating Income too high?
Guangzhou R&F Properties Co's current Operating Income is €-761 Mil. Overall, Guangzhou R&F Properties Co has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Guangzhou R&F Properties Co's Operating Income compare to competitors?
Guangzhou R&F Properties Co's Operating Income of €-761 Mil can be compared against companies in the Real Estate 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 Real Estate company?
A good Operating Income depends on the Real Estate 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 Guangzhou R&F Properties Co and its competitors. Guangzhou R&F Properties Co's current Operating Income is €-761 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangzhou R&F Properties Co stock overvalued right now?
Based on GuruFocus' analysis, Guangzhou R&F Properties Co (STU:G5HA) is currently considered Possible Value Trap. The stock's GF Value™ is €0.05, compared to a current price of €0.02 — trading 65.2% below its estimated fair value. The current Operating Income is €-761 Mil. Guangzhou R&F Properties Co's overall GF Score™ is 32/100 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 Guangzhou R&F Properties Co (STU:G5HA), the current Operating Income is €-761 Mil as of Jun. 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 Guangzhou R&F Properties Co (STU:G5HA) Overvalued in 2026?

Based on GuruFocus' analysis, Guangzhou R&F Properties Co stock appears to be undervalued. The current stock price of €0.02 is trading 65.2% below its estimated GF Value™ of €0.05. GuruFocus considers Guangzhou R&F Properties Co to be Possible Value Trap.

Key valuation signals for STU:G5HA:

  • Operating Income: €-761 Mil
  • GF Value™: €0.05 vs. price of €0.02 (65.2% below fair value)
  • GF Score™: 32/100 with 4 warning signs

No single metric tells the full story. See the STU:G5HA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Guangzhou R&F Properties Co Business Description

Other Exchanges GZUHF:USA02777:Hong Kong
Address No. 10 Huaxia Road, 45-54th Floor, R&F Center, Pearl River New Town, Guangzhou, CHN, 510623
Guangzhou R&F Properties Co Ltd is principally engaged in the development and sale of properties, property investment, hotel operations, and the provision of other property development-related services. The company operates its business through four segments: Property Development, Property Investment, Hotel Operations, and Others. The majority of its revenue is generated from the Property Development. The company mainly focuses on mass residential property development projects on a variety of scales. The company operates its business in the domestic market and overseas markets.
32GF Score

Get the complete analysis for STU:G5HA

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

€0.02
Price
€0.05
GF Value