Stalexport Autostrady (WAR:STX) Operating Income: zł-42.7 Mil (TTM As of Mar. 2026)

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WAR:STX Stalexport Autostrady SA WAR:STX
81 GF Score
Price zł1.88
GF Value zł3.05
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Stalexport Autostrady Operating Income?

Stalexport Autostrady WAR:STX -0.53% 81 Operating Income is zł-42.7 Mil as of Mar. 2026. GuruFocus rates WAR:STX with a GF Score™ of 81/100 and a GF Value™ of zł3.05 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Stalexport Autostrady's Operating Income for the three months ended in Mar. 2026 was zł-68.5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was zł-42.7 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Stalexport Autostrady's Operating Income for the three months ended in Mar. 2026 was zł-68.5 Mil. Stalexport Autostrady's Revenue for the three months ended in Mar. 2026 was zł1.4 Mil. Therefore, Stalexport Autostrady's Operating Margin % for the quarter that ended in Mar. 2026 was -4,948.23%.

Warning Sign:

Stalexport Autostrady SA operating margin has been in a 5-year decline. The average rate of decline per year is -9.4%.

Stalexport Autostrady's 5-Year average Growth Rate for Operating Margin % was -9.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stalexport Autostrady's annualized ROC % for the quarter that ended in Mar. 2026 was -45.34%. Stalexport Autostrady's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1,382.38%.


Stalexport Autostrady  (WAR:STX) Operating Income Explanation

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

Stalexport Autostrady'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 )
=-274.132 * ( 1 - 20.93% )/( (482.923 + 473.232)/ 2 )
=-216.7561724/478.0775
=-45.34 %

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))
=1103.637 - 161.071 - ( 790.186 - max(0, 373.843 - 833.486+790.186))
=482.923

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))
=1159.246 - 147.199 - ( 868.799 - max(0, 371.372 - 910.187+868.799))
=473.232

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

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

Stalexport Autostrady'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 )
=333.464/( ( (25.501 + max(-331.513, 0)) + (22.744 + max(-334.926, 0)) )/ 2 )
=333.464/( ( 25.501 + 22.744 )/ 2 )
=333.464/24.1225
=1,382.38 %

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)
=(29.548 + 2.931 + 9.5179999999999) - (161.071 + 0 + 212.439)
=-331.513

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(31.942 + 2.287 + 1.8910000000001) - (147.199 + 0 + 223.847)
=-334.926

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 %:

Stalexport Autostrady'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 )
=-68.533/1.385
=-4,948.23 %

* 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.


Stalexport Autostrady Operating Income Related Terms


Stalexport Autostrady Operating Income Historical Data

* Premium members only.

The historical data trend for Stalexport Autostrady'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.

Stalexport Autostrady Operating Income Chart

Stalexport Autostrady 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 121.98 58.15 115.26 168.74 100.89

Stalexport Autostrady 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 -62.46 -20.14 83.60 -37.62 -68.53
WAR:STX
81GF Score
Stalexport Autostrady SA WAR:STX
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Stalexport Autostrady 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 zł-42.7 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 zł-42.7 Mil mean?
Stalexport Autostrady (WAR:STX) has a Operating Income of zł-42.7 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Stalexport Autostrady and its competitors.
Is Stalexport Autostrady's Operating Income too high?
Stalexport Autostrady's current Operating Income is zł-42.7 Mil. Overall, Stalexport Autostrady has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Stalexport Autostrady's Operating Income compare to competitors?
Stalexport Autostrady's Operating Income of zł-42.7 Mil can be compared against companies in the Construction 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 Construction company?
A good Operating Income depends on the Construction 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 Stalexport Autostrady and its competitors. Stalexport Autostrady's current Operating Income is zł-42.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stalexport Autostrady stock overvalued right now?
Based on GuruFocus' analysis, Stalexport Autostrady (WAR:STX) is currently considered Significantly Undervalued. The stock's GF Value™ is zł3.05, compared to a current price of zł1.88 — trading 38.2% below its estimated fair value. The current Operating Income is zł-42.7 Mil. Stalexport Autostrady's overall GF Score™ is 81/100 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 Stalexport Autostrady (WAR:STX), the current Operating Income is zł-42.7 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 Stalexport Autostrady (WAR:STX) Overvalued in 2026?

Based on GuruFocus' analysis, Stalexport Autostrady stock appears to be undervalued. The current stock price of zł1.88 is trading 38.2% below its estimated GF Value™ of zł3.05. GuruFocus considers Stalexport Autostrady to be Significantly Undervalued.

Key valuation signals for WAR:STX:

  • Operating Income: zł-42.7 Mil
  • GF Value™: zł3.05 vs. price of zł1.88 (38.2% below fair value)
  • GF Score™: 81/100 with 4 warning signs

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


Stalexport Autostrady Business Description

Other Exchanges 8ZZ:Germany
Address ul. Piaskowa 20, Myslowice, POL, 41-404
Stalexport Autostrady SA is an engineering and infrastructure company based in Poland. It operates under two divisions; Management of motorways and provision of advisory and rental services. Its core business is the construction and maintenance of motorways throughout the country, especially Katowice-Krakow section of the A4 motorway. The company manufactures metal structures, installs industrial machinery, repairs fabricated metal products, constructs bridges and tunnels and underground railways and provides for electrical installations for infrastructure. Its other businesses comprise of the leasing office, parking spaces and provision of management and business advisory services.
81GF Score

Get the complete analysis for WAR:STX

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

zł1.88
Price
zł3.05
GF Value