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.
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.
First Sponsor GroupSGX:ADN 69 Gross Margin % is 45.00% as of Dec. 2025, which is 1% above its 10-year median of 44.70. GuruFocus rates SGX:ADN with a GF Score™ of 69/100 and a GF Value™ of S$1.08 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,640 Real Estate companies, First Sponsor Group ranks better than 56.28% on this metric.
First Sponsor Group Ltd gross margin has been in long-term decline. The average rate of decline per year is -9.2%.
The historical rank and industry rank for First Sponsor Group's Gross Margin % or its related term are showing as below:
SGX:ADN'
s Gross Margin % Range Over the Past 10 Years
Min: 26 Med: 44.7 Max: 84.29
Current: 42.06
During the past 13 years, the highestGross Margin % of First Sponsor Group was 84.29%. The lowest was 26.00%. And the median was 44.70%.
SGX:ADN's Gross Margin % is ranked better than 56.28% of 1640
companies
in the Real Estate industry
Industry Median: 36.71
vs SGX:ADN: 42.06
First Sponsor Group had a gross margin of 45.00% for the quarter that ended in Dec. 2025 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for First Sponsor Group was -9.20% per year.
First Sponsor Group (SGX:ADN) Gross Margin % Explanation
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
First Sponsor Group had a gross margin of 45.00% for the quarter that ended in Dec. 2025 => Durable competitive advantage
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.
First Sponsor Group Gross Margin % Related Terms
First Sponsor Group Gross Margin % Historical Data
* Premium members only.
The historical data trend for First Sponsor Group'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.
First Sponsor Group Gross Margin % Competitor Comparison
For the Real Estate - Development subindustry, First Sponsor Group'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.
First Sponsor Group Gross Margin % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, First Sponsor Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where First Sponsor Group'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.
First Sponsor Group (SGX:ADN) has a Gross Margin % of 45.00% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on First Sponsor Group and its competitors. This is near median its historical median of 44.70. Over the past decade, First Sponsor Group's Gross Margin % has ranged from 26.00 to 84.29. According to the industry distribution chart, First Sponsor Group ranks #717 out of 1640 companies in the Real Estate industry, placing it in the top 43.7%.
Is First Sponsor Group's Gross Margin % too high?
First Sponsor Group's current Gross Margin % of 45.00% is near median its 10-year median of 44.70. Over the past 10 years, this metric has ranged from a low of 26.00 to a high of 84.29. The Real Estate industry median Gross Margin % is 36.71. First Sponsor Group's value of 45.00% is 22.6% above this industry median. Based on the distribution chart, First Sponsor Group ranks #717 out of 1640 companies in the Real Estate industry, which is above the industry midpoint. Overall, First Sponsor Group has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Sponsor Group's Gross Margin % compare to competitors?
According to the Real Estate industry distribution chart, First Sponsor Group ranks #717 out of 1640 companies for Gross Margin %. This puts First Sponsor Group in the upper half of its industry. The industry median Gross Margin % is 36.71. First Sponsor Group's value of 45.00% is 22.6% above this benchmark. Historically, First Sponsor Group's own Gross Margin % has ranged from 26.00 to 84.29 over the past decade. While the company's 10-year median is 44.70 vs. the industry median of 36.71, First Sponsor Group 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 Gross Margin % for a Real Estate company?
The median Gross Margin % among Real Estate companies is 36.71, based on 1,640 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. First Sponsor Group's current Gross Margin % of 45.00% is 22.6% 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 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 First Sponsor Group and its competitors. For the Real Estate industry, the median Gross Margin % is 36.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Sponsor Group's current Gross Margin % is 45.00%, which is near median its own 10-year median of 44.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Sponsor Group stock overvalued right now?
Based on GuruFocus' analysis, First Sponsor Group (SGX:ADN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.08, compared to a current price of S$1.00 — trading 7.4% below its estimated fair value. The current Gross Margin % is 45.00%, which is near median its 10-year median of 44.70 and 22.6% above the Real Estate industry median of 36.71. First Sponsor Group's overall GF Score™ is 69/100 with 6 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 First Sponsor Group (SGX:ADN), the current Gross Margin % is 45.00% 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 First Sponsor Group (SGX:ADN) Overvalued in 2026?
Based on GuruFocus' analysis, First Sponsor Group stock appears to be undervalued.
The current stock price of S$1.00 is trading 7.4% below its estimated GF Value™ of S$1.08.
GuruFocus considers First Sponsor Group to be Fairly Valued.
Key valuation signals for SGX:ADN:
Gross Margin %: 45.00% (near median its 10-year median of 44.70)
GF Value™: S$1.08 vs. price of S$1.00 (7.4% below fair value)
Industry Position: 22.6% above the Real Estate median (#717 of 1640)
No single metric tells the full story. See the SGX:ADN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Sponsor Group Ltd is an investment holding company. The principal activities of the company are investment holding, property development and sales, property investment, hotel ownership and operations, and provision of property financing services. The Hotel operations segment includes hotels and hot spring owners. The property development segment includes the development and/or purchase of properties for sale. The property investment segment includes the development and/or purchase of investment properties (including hotels) for rental income. The property financing segment includes the provision of non-pro rata interest-bearing loans to associates and joint ventures, provision of interest-bearing loans to third parties. Key revenue is derived from Property development.
69GF Score
Get the complete analysis for SGX:ADN
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:ADN has been successfully added to your 
