AS Silvano Fashion Group (WAR:SFG) Operating Income: zł47.1 Mil (TTM As of Mar. 2026)

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WAR:SFG AS Silvano Fashion Group WAR:SFG
84 GF Score
Price zł4.39
GF Value zł4.45
Valuation Fairly Valued
! 2 Warning Signs
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What is AS Silvano Fashion Group Operating Income?

AS Silvano Fashion Group WAR:SFG 84 Operating Income is zł47.1 Mil as of Mar. 2026. GuruFocus rates WAR:SFG with a GF Score™ of 84/100 and a GF Value™ of zł4.45 (Fairly Valued). The stock has 2 warning signs investors should review.

AS Silvano Fashion Group's Operating Income for the three months ended in Mar. 2026 was zł7.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł47.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. AS Silvano Fashion Group's Operating Income for the three months ended in Mar. 2026 was zł7.4 Mil. AS Silvano Fashion Group's Revenue for the three months ended in Mar. 2026 was zł51.6 Mil. Therefore, AS Silvano Fashion Group's Operating Margin % for the quarter that ended in Mar. 2026 was 14.31%.

Warning Sign:

AS Silvano Fashion Group operating margin has been in a 5-year decline. The average rate of decline per year is -3.7%.

AS Silvano Fashion Group's 5-Year average Growth Rate for Operating Margin % was -3.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AS Silvano Fashion Group's annualized ROC % for the quarter that ended in Mar. 2026 was 10.34%. AS Silvano Fashion Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.55%.


AS Silvano Fashion Group  (WAR:SFG) Operating Income Explanation

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

AS Silvano Fashion Group'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 )
=29.532 * ( 1 - 32.47% )/( (194.584 + 191.192)/ 2 )
=19.9429596/192.888
=10.34 %

where

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))
=414.238 - 21.677 - ( 201.369 - max(0, 37.495 - 353.437+201.369))
=191.192

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

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

AS Silvano Fashion Group'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 )
=29.532/( ( (37.076 + max(123.116, 0)) + (35.57 + max(122.611, 0)) )/ 2 )
=29.532/( ( 160.192 + 158.181 )/ 2 )
=29.532/159.1865
=18.55 %

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)
=(5.453 + 137.837 + 9.778) - (21.651 + 0 + 8.301)
=123.116

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.339 + 135.111 + 9.1900000000001) - (21.677 + 0 + 7.352)
=122.611

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 %:

AS Silvano Fashion Group'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 )
=7.383/51.589
=14.31 %

* 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.


AS Silvano Fashion Group Operating Income Related Terms


AS Silvano Fashion Group Operating Income Historical Data

* Premium members only.

The historical data trend for AS Silvano Fashion Group'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.

AS Silvano Fashion Group Operating Income Chart

AS Silvano Fashion Group 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 57.47 60.87 76.46 70.80 49.47

AS Silvano Fashion Group 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 5.72 19.86 19.05 0.78 7.38
WAR:SFG
84GF Score
AS Silvano Fashion Group WAR:SFG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AS Silvano Fashion Group 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 zł47.1 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 zł47.1 Mil mean?
AS Silvano Fashion Group (WAR:SFG) has a Operating Income of zł47.1 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on AS Silvano Fashion Group and its competitors.
Is AS Silvano Fashion Group's Operating Income too high?
AS Silvano Fashion Group's current Operating Income is zł47.1 Mil. Overall, AS Silvano Fashion Group has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AS Silvano Fashion Group's Operating Income compare to RL and LEVI?
AS Silvano Fashion Group's Operating Income of zł47.1 Mil can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Operating Income depends on the Manufacturing - Apparel & Accessories 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 AS Silvano Fashion Group and its competitors. AS Silvano Fashion Group's current Operating Income is zł47.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AS Silvano Fashion Group stock overvalued right now?
Based on GuruFocus' analysis, AS Silvano Fashion Group (WAR:SFG) is currently considered Fairly Valued. The stock's GF Value™ is zł4.45, compared to a current price of zł4.39 — trading 1.3% below its estimated fair value. The current Operating Income is zł47.1 Mil. AS Silvano Fashion Group's overall GF Score™ is 84/100 with 2 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 AS Silvano Fashion Group (WAR:SFG), the current Operating Income is zł47.1 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 AS Silvano Fashion Group (WAR:SFG) Overvalued in 2026?

Based on GuruFocus' analysis, AS Silvano Fashion Group stock appears to be undervalued. The current stock price of zł4.39 is trading 1.3% below its estimated GF Value™ of zł4.45. GuruFocus considers AS Silvano Fashion Group to be Fairly Valued.

Key valuation signals for WAR:SFG:

  • Operating Income: zł47.1 Mil
  • GF Value™: zł4.45 vs. price of zł4.39 (1.3% below fair value)
  • GF Score™: 84/100 with 2 warning signs

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


AS Silvano Fashion Group Business Description

Other Exchanges SFG1T:Estonia
Address Tulika 17, Tallinn, EST, 10613
AS Silvano Fashion Group is a retail brand company. It is an international lingerie distribution group involved in the design, manufacturing, and marketing of women's lingerie. Its brands include Milavitsa, Alisee, Aveline, Lauma Lingerie, Laumelle, and Hidalgo. It sells its brand products through the wholesale channel, and franchised sales, and owns retail operated under the Milavitsa and Lauma Lingerie retail chains. The operating segments of the group are Lingerie retail and Lingerie wholesale. The majority of the company's revenues are a result of the operation of the Lingerie wholesale channel. It has business operations in Russia, Belarus, Ukraine, Baltics, and other countries, with revenue from Russia.
84GF Score

Get the complete analysis for WAR:SFG

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

zł4.39
Price
zł4.45
GF Value