Zona Franca de Iquique (XSGO:ZOFRI) Operating Income: CLP15,835 Mil (TTM As of Mar. 2026)

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XSGO:ZOFRI Zona Franca de Iquique SA XSGO:ZOFRI
87 GF Score
Price CLP1,004.80
GF Value CLP951.40
Valuation Fairly Valued
! 6 Warning Signs
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What is Zona Franca de Iquique Operating Income?

Zona Franca de Iquique XSGO:ZOFRI 87 Operating Income is CLP15,835 Mil as of Mar. 2026. GuruFocus rates XSGO:ZOFRI with a GF Score™ of 87/100 and a GF Value™ of CLP951.40 (Fairly Valued). The stock has 6 warning signs investors should review.

Zona Franca de Iquique's Operating Income for the three months ended in Mar. 2026 was CLP3,806 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CLP15,835 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Zona Franca de Iquique's Operating Income for the three months ended in Mar. 2026 was CLP3,806 Mil. Zona Franca de Iquique's Revenue for the three months ended in Mar. 2026 was CLP13,748 Mil. Therefore, Zona Franca de Iquique's Operating Margin % for the quarter that ended in Mar. 2026 was 27.69%.

Warning Sign:

Zona Franca de Iquique SA operating margin has been in a 5-year decline. The average rate of decline per year is -2.5%.

Zona Franca de Iquique's 5-Year average Growth Rate for Operating Margin % was -2.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Zona Franca de Iquique's annualized ROC % for the quarter that ended in Mar. 2026 was 16.13%. Zona Franca de Iquique's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 298.53%.


Zona Franca de Iquique  (XSGO:ZOFRI) Operating Income Explanation

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

Zona Franca de Iquique'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 )
=15225.236 * ( 1 - 0% )/( (96465.607 + 92359.516)/ 2 )
=15225.236/94412.5615
=16.13 %

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))
=134620.318 - 21605.963 - ( 44179.534 - max(0, 36978.848 - 53527.596+44179.534))
=96465.607

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))
=136171.837 - 20705.674 - ( 44396.409 - max(0, 31939.36 - 55046.007+44396.409))
=92359.516

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

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

Zona Franca de Iquique'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 )
=15225.236/( ( (5139.231 + max(-31725.662, 0)) + (5060.865 + max(-26940.221, 0)) )/ 2 )
=15225.236/( ( 5139.231 + 5060.865 )/ 2 )
=15225.236/5100.048
=298.53 %

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)
=(2708.038 + 467.659 + 2077.489) - (21605.963 + 0 + 15372.885)
=-31725.662

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2317.822 + 490.47 + 2190.847) - (20705.674 + 0 + 11233.686)
=-26940.221

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 %:

Zona Franca de Iquique'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 )
=3806.309/13748.121
=27.69 %

* 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.


Zona Franca de Iquique Operating Income Related Terms


Zona Franca de Iquique Operating Income Historical Data

* Premium members only.

The historical data trend for Zona Franca de Iquique'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.

Zona Franca de Iquique Operating Income Chart

Zona Franca de Iquique 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 15,868.31 13,830.95 13,759.11 14,017.69 16,813.90

Zona Franca de Iquique 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 4,785.24 2,669.80 4,384.95 4,973.91 3,806.31
XSGO:ZOFRI
87GF Score
Zona Franca de Iquique SA XSGO:ZOFRI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Zona Franca de Iquique 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 CLP15,835 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 CLP15,835 Mil mean?
Zona Franca de Iquique (XSGO:ZOFRI) has a Operating Income of CLP15,835 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Zona Franca de Iquique and its competitors.
Is Zona Franca de Iquique's Operating Income too high?
Zona Franca de Iquique's current Operating Income is CLP15,835 Mil. Overall, Zona Franca de Iquique has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zona Franca de Iquique's Operating Income compare to CBRE and BEKE?
Zona Franca de Iquique's Operating Income of CLP15,835 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 Zona Franca de Iquique and its competitors. Zona Franca de Iquique's current Operating Income is CLP15,835 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zona Franca de Iquique stock overvalued right now?
Based on GuruFocus' analysis, Zona Franca de Iquique (XSGO:ZOFRI) is currently considered Fairly Valued. The stock's GF Value™ is CLP951.40, compared to a current price of CLP1,004.80 — trading 5.6% above its estimated fair value. The current Operating Income is CLP15,835 Mil. Zona Franca de Iquique's overall GF Score™ is 87/100 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 Zona Franca de Iquique (XSGO:ZOFRI), the current Operating Income is CLP15,835 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 Zona Franca de Iquique (XSGO:ZOFRI) Overvalued in 2026?

Based on GuruFocus' analysis, Zona Franca de Iquique stock appears to be overvalued. The current stock price of CLP1,004.80 is trading 5.6% above its estimated GF Value™ of CLP951.40. GuruFocus considers Zona Franca de Iquique to be Fairly Valued.

Key valuation signals for XSGO:ZOFRI:

  • Operating Income: CLP15,835 Mil
  • GF Value™: CLP951.40 vs. price of CLP1,004.80 (5.6% above fair value)
  • GF Score™: 87/100 with 6 warning signs

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


Zona Franca de Iquique Business Description

Address Zofri Walled Enclosure, Conventions Building S/N, Iquique, CHL
Zona Franca de Iquique SA operates in the nonresidential building operators sector. Its business includes the administration and exploitation of the Free Trade Zone of Iquique. The company offers the required infrastructure for companies to store, commercialize, and distribute their products in the markets. Its activities are divided into four business units which include Real Estate Management, Shopping Mall, Logistics Center, and Chacalluta Industrial Park. Maximum income for the company is derived from its Real Estate Management business unit which focuses on leasing land for the construction of warehouses and showrooms, both in the area of the Wholesale Sales Business Center (Walled Enclosure) and in the Industrial Business Center (Industrial District).
87GF Score

Get the complete analysis for XSGO:ZOFRI

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

CLP1,004.80
Price
CLP951.40
GF Value