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Quali-Smart HoldingsHKSE:01348 +6.90%37 Gross Margin % is 28.02% as of Sep. 2025, which is 104% above its 10-year median of 13.73. GuruFocus rates HKSE:01348 with a GF Score™ of 37/100 and a GF Value™ of HK$0.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 792 Travel & Leisure companies, Quali-Smart Holdings ranks worse than 95.96% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Quali-Smart Holdings had a gross margin of 28.02% for the quarter that ended in Sep. 2025 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Quali-Smart Holdings Gross Margin % Related Terms
Quali-Smart Holdings Gross Margin % Historical Data
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The historical data trend for Quali-Smart Holdings's Gross 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.
HKSE:01348 vs AS, HAS, LTH: Gross Margin % Comparison
For the Leisure subindustry, Quali-Smart Holdings's Gross Margin %, along with its competitors' market caps and Gross 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.
Quali-Smart Holdings Gross Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Quali-Smart Holdings's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Quali-Smart Holdings (HKSE:01348) has a Gross Margin % of 28.02% as of Sep. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Quali-Smart Holdings and its competitors. This is 104% above median its historical median of 13.73. Over the past decade, Quali-Smart Holdings' Gross Margin % has ranged from 5.66 to 32.64. According to the industry distribution chart, Quali-Smart Holdings ranks #760 out of 792 companies in the Travel & Leisure industry, placing it in the top 96%.
Is Quali-Smart Holdings' Gross Margin % too high?
Quali-Smart Holdings' current Gross Margin % of 28.02% is 104% above median its 10-year median of 13.73. Over the past 10 years, this metric has ranged from a low of 5.66 to a high of 32.64. The Travel & Leisure industry median Gross Margin % is 43.50. Quali-Smart Holdings' value of 28.02% is 35.6% below this industry median. Based on the distribution chart, Quali-Smart Holdings ranks #760 out of 792 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Quali-Smart Holdings has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quali-Smart Holdings' Gross Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Quali-Smart Holdings ranks #760 out of 792 companies for Gross Margin %. This places Quali-Smart Holdings in the lower half of its industry. The industry median Gross Margin % is 43.50. Quali-Smart Holdings' value of 28.02% is 35.6% below this benchmark. Historically, Quali-Smart Holdings' own Gross Margin % has ranged from 5.66 to 32.64 over the past decade. While the company's 10-year median is 13.73 vs. the industry median of 43.50, Quali-Smart Holdings has consistently been below 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 Gross Margin % for a Travel & Leisure company?
The median Gross Margin % among Travel & Leisure companies is 43.50, based on 792 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Quali-Smart Holdings's current Gross Margin % of 28.02% is 35.6% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Quali-Smart Holdings and its competitors. For the Travel & Leisure industry, the median Gross Margin % is 43.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quali-Smart Holdings's current Gross Margin % is 28.02%, which is 104% above median its own 10-year median of 13.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quali-Smart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Quali-Smart Holdings (HKSE:01348) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$0.25 — trading 2380% above its estimated fair value. The current Gross Margin % is 28.02%, which is 104% above median its 10-year median of 13.73 and 35.6% below the Travel & Leisure industry median of 43.50. Quali-Smart Holdings' overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Quali-Smart Holdings (HKSE:01348), the current Gross Margin % is 28.02% as of Sep. 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 Quali-Smart Holdings (HKSE:01348) Overvalued in 2026?
Based on GuruFocus' analysis, Quali-Smart Holdings stock appears to be overvalued.
The current stock price of HK$0.25 is trading 2380% above its estimated GF Value™ of HK$0.01.
GuruFocus considers Quali-Smart Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01348:
Gross Margin %: 28.02% (104% above median its 10-year median of 13.73)
GF Value™: HK$0.01 vs. price of HK$0.25 (2380% above fair value)
Industry Position: 35.6% below the Travel & Leisure median (#760 of 792)
No single metric tells the full story. See the HKSE:01348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
37GF Score
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