Fintel Energija a.d (XBEL:FINT) Operating Income: RSD-10.59 Mil (TTM As of Dec. 2025)

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XBEL:FINT Fintel Energija a.d XBEL:FINT
83 GF Score
Price RSD600.00
GF Value RSD700.84
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Fintel Energija a.d Operating Income?

Fintel Energija a.d XBEL:FINT 83 Operating Income is RSD-10.59 Mil as of Dec. 2025. GuruFocus rates XBEL:FINT with a GF Score™ of 83/100 and a GF Value™ of RSD700.84 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Fintel Energija a.d's Operating Income for the three months ended in Dec. 2025 was RSD-7.89 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was RSD-10.59 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Fintel Energija a.d's Operating Income for the three months ended in Dec. 2025 was RSD-7.89 Mil. Fintel Energija a.d's Revenue for the three months ended in Dec. 2025 was RSD11.23 Mil. Therefore, Fintel Energija a.d's Operating Margin % for the quarter that ended in Dec. 2025 was -70.26%.

Good Sign:

Fintel Energija a.d operating margin is expanding. Margin expansion is usually a good sign.

Fintel Energija a.d's 5-Year average Growth Rate for Operating Margin % was 4.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Fintel Energija a.d's annualized ROC % for the quarter that ended in Dec. 2025 was -0.22%. Fintel Energija a.d's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 1.35%.

Fintel Energija a.d  (XBEL:FINT) Operating Income Explanation

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

Fintel Energija a.d's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-31.564 * ( 1 - 0% )/( (0 + 14172.442)/ 1 )
=-31.564/14172.442
=-0.22 %

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))
=0 - 0 - ( 0 - max(0, 0 - 0+0))
=0

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))
=14343.723 - 140.593 - ( 1184.744 - max(0, 1767.275 - 1797.963+1184.744))
=14172.442

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Fintel Energija a.d's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=162.988/( ( (0 + max(0, 0)) + (12116.815 + max(-696.734, 0)) )/ 1 )
=162.988/( ( 0 + 12116.815 )/ 1 )
=162.988/12116.815
=1.35 %

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)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(205.445 + 7.312 + 63.426) - (140.593 + 0 + 832.324)
=-696.734

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Fintel Energija a.d's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-7.891/11.231
=-70.26 %

* 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.

Fintel Energija a.d Operating Income Related Terms

Fintel Energija a.d Operating Income Historical Data

* Premium members only.

The historical data trend for Fintel Energija a.d'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.

Fintel Energija a.d Operating Income Chart

Fintel Energija a.d Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 1,353.96 1,027.40 1,483.05 1,407.39 1,480.60

Fintel Energija a.d Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
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 -11.16 -8.78 0.00 -2.70 -7.89
XBEL:FINT
83GF Score
Fintel Energija a.d XBEL:FINT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Fintel Energija a.d 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was RSD-10.59 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 RSD-10.59 Mil mean?
Fintel Energija a.d (XBEL:FINT) has a Operating Income of RSD-10.59 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Fintel Energija a.d and its competitors.
Is Fintel Energija a.d's Operating Income too high?
Fintel Energija a.d's current Operating Income is RSD-10.59 Mil. Overall, Fintel Energija a.d has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fintel Energija a.d's Operating Income compare to competitors?
Fintel Energija a.d's Operating Income of RSD-10.59 Mil can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Operating Income depends on the Utilities - Independent Power Producers 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 Fintel Energija a.d and its competitors. Fintel Energija a.d's current Operating Income is RSD-10.59 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fintel Energija a.d stock overvalued right now?
Based on GuruFocus' analysis, Fintel Energija a.d (XBEL:FINT) is currently considered Modestly Undervalued. The stock's GF Value™ is RSD700.84, compared to a current price of RSD600.00 — trading 14.4% below its estimated fair value. The current Operating Income is RSD-10.59 Mil. Fintel Energija a.d's overall GF Score™ is 83/100 with 5 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 Fintel Energija a.d (XBEL:FINT), the current Operating Income is RSD-10.59 Mil as of Dec. 2025. 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 Fintel Energija a.d (XBEL:FINT) Overvalued in 2026?

Based on GuruFocus' analysis, Fintel Energija a.d stock appears to be undervalued. The current stock price of RSD600.00 is trading 14.4% below its estimated GF Value™ of RSD700.84. GuruFocus considers Fintel Energija a.d to be Modestly Undervalued.

Key valuation signals for XBEL:FINT:

  • Operating Income: RSD-10.59 Mil
  • GF Value™: RSD700.84 vs. price of RSD600.00 (14.4% below fair value)
  • GF Score™: 83/100 with 5 warning signs

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

Fintel Energija a.d Business Description

Address Masarikova Street No. 5, 21st Floor, Belgrade, SRB, 11000
Fintel Energija a.d is involved in the generation of power business which is sold only to EPS through wind power generation technology. It operates only one operating segment wind renewable energy sector. Currently, the company is engaged in the development, construction, and management of a wind power plant portfolio consisting of new wind farms in the north and northeast of Serbia.
83GF Score

Get the complete analysis for XBEL:FINT

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

RSD600.00
Price
RSD700.84
GF Value