Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) Operating Margin %: 85.17% (As of Dec. 2025) — Near Median

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.

BSP:SNCI11 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda BSP:SNCI11
58 GF Score
Price R$87.44
GF Value R$144.00
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Margin %?

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa BSP:SNCI11 -0.57% 58 Operating Margin % is 85.17% as of Dec. 2025, which is 2% below its 10-year median of 86.98. GuruFocus rates BSP:SNCI11 with a GF Score™ of 58/100 and a GF Value™ of R$144.00 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 744 REITs companies, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks better than 91.94% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Income for the six months ended in Dec. 2025 was R$47.88 Mil. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Revenue for the six months ended in Dec. 2025 was R$56.22 Mil. Therefore, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % for the quarter that ended in Dec. 2025 was 85.17%.

The historical rank and industry rank for Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % or its related term are showing as below:

BSP:SNCI11' s Operating Margin % Range Over the Past 10 Years
Min: 84.55   Med: 86.98   Max: 95.46
Current: 85.17


BSP:SNCI11's Operating Margin % is ranked better than
91.94% of 744 companies
in the REITs industry
Industry Median: 52.735 vs BSP:SNCI11: 85.17

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Income for the six months ended in Dec. 2025 was R$47.88 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was R$47.88 Mil.


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa  (BSP:SNCI11) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Margin % Related Terms


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Margin % Historical Data

* Premium members only.

The historical data trend for Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % 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.

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Margin % Chart

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
0.00 95.46 88.79 84.55 85.17

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Semi-Annual Data
Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin % 0.00 95.46 88.79 84.55 85.17

BSP:SNCI11 vs NLY, AGNC, STWD: Operating Margin % Comparison

For the REIT - Mortgage subindustry, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % falls into.


BSP:SNCI11
58GF Score
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda BSP:SNCI11
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=47.884 / 56.221
=85.17 %

Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa'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 )
=47.884 / 56.221
=85.17 %

* 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 Margin % →
What does a Operating Margin % of 85.17% mean?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) has a Operating Margin % of 85.17% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors. This is near median its historical median of 86.98. Over the past decade, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % has ranged from 84.55 to 95.46. According to the industry distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #60 out of 744 companies in the REITs industry, placing it in the top 8.1%.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % too high?
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Operating Margin % of 85.17% is near median its 10-year median of 86.98. Over the past 10 years, this metric has ranged from a low of 84.55 to a high of 95.46. The REITs industry median Operating Margin % is 52.74. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's value of 85.17% is 61.5% above this industry median. Based on the distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #60 out of 744 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's Operating Margin % compare to NLY and AGNC?
According to the REITs industry distribution chart, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa ranks #60 out of 744 companies for Operating Margin %. This places Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa in the top 8% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 52.74. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's value of 85.17% is 61.5% above this benchmark. Historically, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's own Operating Margin % has ranged from 84.55 to 95.46 over the past decade. While the company's 10-year median is 86.98 vs. the industry median of 52.74, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.74, based on 744 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Operating Margin % of 85.17% is 61.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa and its competitors. For the REITs industry, the median Operating Margin % is 52.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's current Operating Margin % is 85.17%, which is near median its own 10-year median of 86.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock overvalued right now?
Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$144.00, compared to a current price of R$87.44 — trading 39.3% below its estimated fair value. The current Operating Margin % is 85.17%, which is near median its 10-year median of 86.98 and 61.5% above the REITs industry median of 52.74. Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa's overall GF Score™ is 58/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11), the current Operating Margin % is 85.17% 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 Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa (BSP:SNCI11) Overvalued in 2026?

Based on GuruFocus' analysis, Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa stock appears to be undervalued. The current stock price of R$87.44 is trading 39.3% below its estimated GF Value™ of R$144.00. GuruFocus considers Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa to be Significantly Undervalued.

Key valuation signals for BSP:SNCI11:

  • Operating Margin %: 85.17% (near median its 10-year median of 86.98)
  • GF Value™: R$144.00 vs. price of R$87.44 (39.3% below fair value)
  • GF Score™: 58/100 with 1 warning sign
  • Industry Position: 61.5% above the REITs median (#60 of 744)

No single metric tells the full story. See the BSP:SNCI11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Resa Business Description

Industry Real EstateREITs
Address Botafogo Beach, 501, 6th Floor, Rio de Janeiro, RJ, BRA, 22250040
Suno Recebiveis Imobiliarios Fundo DE Investimento Imobiliario Res Ltda objective is to invest, in real estate receivables certificates that include mortgage bills (LH); real estate credit bills (LCI); guaranteed real estate bills (LIG); certificates of additional construction potential issued pursuant to CVM Resolution 84; quotas of private equity investment funds; quotas of credit rights investment funds; shares or quotas of companies; shares, debentures, subscription warrants, their coupons, rights, subscription receipts, and other financial assets, securities, and marketable securities; real estate, as well as in any real rights over real estate, or through indirect investment in real estate by means of acquiring other Target Assets; and other financial assets, titles, and securities.
58GF Score

Get the complete analysis for BSP:SNCI11

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

R$87.44
Price
R$144.00
GF Value