Montepino Logistica SOCIMI (XPAR:MLMTP) Operating Income: €39.71 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XPAR:MLMTP Montepino Logistica SOCIMI SA XPAR:MLMTP
54 GF Score
Price €9.70
GF Value €17.77
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Montepino Logistica SOCIMI Operating Income?

Montepino Logistica SOCIMI XPAR:MLMTP 54 Operating Income is €39.71 Mil as of Dec. 2025. GuruFocus rates XPAR:MLMTP with a GF Score™ of 54/100 and a GF Value™ of €17.77 (Possible Value Trap). The stock has 6 warning signs investors should review.

Montepino Logistica SOCIMI's Operating Income for the six months ended in Dec. 2025 was €39.71 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €39.71 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Montepino Logistica SOCIMI's Operating Income for the six months ended in Dec. 2025 was €39.71 Mil. Montepino Logistica SOCIMI's Revenue for the six months ended in Dec. 2025 was €61.70 Mil. Therefore, Montepino Logistica SOCIMI's Operating Margin % for the quarter that ended in Dec. 2025 was 64.36%.

Montepino Logistica SOCIMI'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. Montepino Logistica SOCIMI's annualized ROC % for the quarter that ended in Dec. 2025 was 2.06%. Montepino Logistica SOCIMI's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was %.


Montepino Logistica SOCIMI  (XPAR:MLMTP) Operating Income Explanation

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

Montepino Logistica SOCIMI'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: Dec. 2024 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=39.708 * ( 1 - 7.64% )/( (1541.68 + 2015.033)/ 2 )
=36.6743088/1778.3565
=2.06 %

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))
=1612.196 - 4.744 - ( 11.371 - max(0, 445.498 - 37.917+11.371))
=2015.033

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

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

Montepino Logistica SOCIMI'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: Dec. 2024  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=112.281/( ( (0 + max(-40.125, 0)) + (0 + max(-8.363, 0)) )/ 2 )
=112.281/( ( 0 + 0 )/ 2 )
=112.281/0
= %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.503 + 0.029 + 0.478) - (8.874 + 0 + 37.261)
=-40.125

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.629 + 0.029 + 17.274) - (4.744 + 0 + 28.551)
=-8.363

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2025) EBIT data.

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

Montepino Logistica SOCIMI'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 )
=39.708/61.698
=64.36 %

* 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.


Montepino Logistica SOCIMI Operating Income Related Terms


Montepino Logistica SOCIMI Operating Income Historical Data

* Premium members only.

The historical data trend for Montepino Logistica SOCIMI'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.

Montepino Logistica SOCIMI Operating Income Chart

Montepino Logistica SOCIMI Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
5.80 12.47 19.47 27.62 39.71

Montepino Logistica SOCIMI Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income 5.80 12.47 19.47 27.62 39.71
XPAR:MLMTP
54GF Score
Montepino Logistica SOCIMI SA XPAR:MLMTP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Montepino Logistica SOCIMI 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was €39.71 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 €39.71 Mil mean?
Montepino Logistica SOCIMI (XPAR:MLMTP) has a Operating Income of €39.71 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Montepino Logistica SOCIMI and its competitors.
Is Montepino Logistica SOCIMI's Operating Income too high?
Montepino Logistica SOCIMI's current Operating Income is €39.71 Mil. Overall, Montepino Logistica SOCIMI has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Montepino Logistica SOCIMI's Operating Income compare to PLD and PSA?
Montepino Logistica SOCIMI's Operating Income of €39.71 Mil can be compared against companies in the REITs 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 REITs company?
A good Operating Income depends on the REITs 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 Montepino Logistica SOCIMI and its competitors. Montepino Logistica SOCIMI's current Operating Income is €39.71 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Montepino Logistica SOCIMI stock overvalued right now?
Based on GuruFocus' analysis, Montepino Logistica SOCIMI (XPAR:MLMTP) is currently considered Possible Value Trap. The stock's GF Value™ is €17.77, compared to a current price of €9.70 — trading 45.4% below its estimated fair value. The current Operating Income is €39.71 Mil. Montepino Logistica SOCIMI's overall GF Score™ is 54/100 with 6 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 Montepino Logistica SOCIMI (XPAR:MLMTP), the current Operating Income is €39.71 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 Montepino Logistica SOCIMI (XPAR:MLMTP) Overvalued in 2026?

Based on GuruFocus' analysis, Montepino Logistica SOCIMI stock appears to be undervalued. The current stock price of €9.70 is trading 45.4% below its estimated GF Value™ of €17.77. GuruFocus considers Montepino Logistica SOCIMI to be Possible Value Trap.

Key valuation signals for XPAR:MLMTP:

  • Operating Income: €39.71 Mil
  • GF Value™: €17.77 vs. price of €9.70 (45.4% below fair value)
  • GF Score™: 54/100 with 6 warning signs

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


Montepino Logistica SOCIMI Business Description

Industry Real EstateREITs
Address 3, Calle Felipe Sanclemente 26, Zaragoza, ESP, 50001
Montepino Logística SOCIMI SA is a Spanish real estate investment company. The company focuses on logistics asset development in strategic corridors or sites to be leased by logistic operators, couriers, last-mile operators, or other companies that use the facilities for product storage and distribution. The company's only activity was the development of logistics facilities for lease.
54GF Score

Get the complete analysis for XPAR:MLMTP

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

€9.70
Price
€17.77
GF Value