Tan Chong International (SGX:T15) Gross Margin %: 21.74% (As of Dec. 2025) — 12% Above 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.

SGX:T15 Tan Chong International Ltd SGX:T15
73 GF Score
Price HK$1.60
GF Value HK$1.17
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Tan Chong International Gross Margin %?

Tan Chong International SGX:T15 73 Gross Margin % is 21.74% as of Dec. 2025, which is 12% above its 10-year median of 19.34. GuruFocus rates SGX:T15 with a GF Score™ of 73/100 and a GF Value™ of HK$1.17 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,310 Vehicles & Parts companies, Tan Chong International ranks better than 51.07% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Tan Chong International's Gross Profit for the six months ended in Dec. 2025 was HK$1,204 Mil. Tan Chong International's Revenue for the six months ended in Dec. 2025 was HK$5,536 Mil. Therefore, Tan Chong International's Gross Margin % for the quarter that ended in Dec. 2025 was 21.74%.


The historical rank and industry rank for Tan Chong International's Gross Margin % or its related term are showing as below:

SGX:T15' s Gross Margin % Range Over the Past 10 Years
Min: 17.14   Med: 19.34   Max: 20.19
Current: 20.19


During the past 13 years, the highest Gross Margin % of Tan Chong International was 20.19%. The lowest was 17.14%. And the median was 19.34%.

SGX:T15's Gross Margin % is ranked better than
51.07% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 19.8 vs SGX:T15: 20.19

Tan Chong International had a gross margin of 21.74% for the quarter that ended in Dec. 2025 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Tan Chong International was 2.40% per year.


Tan Chong International  (SGX:T15) 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

Tan Chong International had a gross margin of 21.74% for the quarter that ended in Dec. 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.


Tan Chong International Gross Margin % Related Terms


Tan Chong International Gross Margin % Historical Data

* Premium members only.

The historical data trend for Tan Chong International'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.

Tan Chong International Gross Margin % Chart

Tan Chong International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.24 17.14 19.54 19.82 20.19

Tan Chong International Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Gross Margin % 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 20.43 19.76 19.89 18.86 21.74

SGX:T15 vs CVNA, PAG, KMX: Gross Margin % Comparison

For the Auto & Truck Dealerships subindustry, Tan Chong International'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.


Tan Chong International Gross Margin % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tan Chong International's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tan Chong International's Gross Margin % falls into.


SGX:T15
73GF Score
Tan Chong International Ltd SGX:T15
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tan Chong International Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Tan Chong International's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=2431.2 / 12044.085
=(Revenue - Cost of Goods Sold) / Revenue
=(12044.085 - 9612.907) / 12044.085
=20.19 %

Tan Chong International's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=1203.7 / 5536.188
=(Revenue - Cost of Goods Sold) / Revenue
=(5536.188 - 4332.455) / 5536.188
=21.74 %

* 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.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 21.74% mean?
Tan Chong International (SGX:T15) has a Gross Margin % of 21.74% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Tan Chong International and its competitors. This is 12% above median its historical median of 19.34. Over the past decade, Tan Chong International's Gross Margin % has ranged from 17.14 to 20.19. According to the industry distribution chart, Tan Chong International ranks #641 out of 1310 companies in the Vehicles & Parts industry, placing it in the top 48.9%.
Is Tan Chong International's Gross Margin % too high?
Tan Chong International's current Gross Margin % of 21.74% is 12% above median its 10-year median of 19.34. Over the past 10 years, this metric has ranged from a low of 17.14 to a high of 20.19. The Vehicles & Parts industry median Gross Margin % is 19.80. Tan Chong International's value of 21.74% is 9.8% above this industry median. Based on the distribution chart, Tan Chong International ranks #641 out of 1310 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Tan Chong International has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tan Chong International's Gross Margin % compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Tan Chong International ranks #641 out of 1310 companies for Gross Margin %. This puts Tan Chong International in the upper half of its industry. The industry median Gross Margin % is 19.80. Tan Chong International's value of 21.74% is 9.8% above this benchmark. Historically, Tan Chong International's own Gross Margin % has ranged from 17.14 to 20.19 over the past decade. While the company's 10-year median is 19.34 vs. the industry median of 19.80, Tan Chong International 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 Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.80, based on 1,310 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. Tan Chong International's current Gross Margin % of 21.74% is 9.8% 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 Tan Chong International and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tan Chong International's current Gross Margin % is 21.74%, which is 12% above median its own 10-year median of 19.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tan Chong International stock overvalued right now?
Based on GuruFocus' analysis, Tan Chong International (SGX:T15) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.17, compared to a current price of HK$1.60 — trading 36.8% above its estimated fair value. The current Gross Margin % is 21.74%, which is 12% above median its 10-year median of 19.34 and 9.8% above the Vehicles & Parts industry median of 19.80. Tan Chong International's overall GF Score™ is 73/100 with 5 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 Tan Chong International (SGX:T15), the current Gross Margin % is 21.74% 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 Tan Chong International (SGX:T15) Overvalued in 2026?

Based on GuruFocus' analysis, Tan Chong International stock appears to be overvalued. The current stock price of HK$1.60 is trading 36.8% above its estimated GF Value™ of HK$1.17. GuruFocus considers Tan Chong International to be Significantly Overvalued.

Key valuation signals for SGX:T15:

  • Gross Margin %: 21.74% (12% above median its 10-year median of 19.34)
  • GF Value™: HK$1.17 vs. price of HK$1.60 (36.8% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 9.8% above the Vehicles & Parts median (#641 of 1310)

No single metric tells the full story. See the SGX:T15 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tan Chong International Business Description

Other Exchanges 00693:Hong Kong
Address 6-8 Harbour Road, Unit 3001, 30th Floor, Shui On Centre, Wanchai, Hong Kong, HKG
Tan Chong International Ltd is an automobile dealer. The company offers vehicles of the Nissan brand in Singapore, Hong Kong, China, and Thailand. The company has five business lines, namely, Motor vehicle distribution and dealership business, Heavy commercial vehicle and industrial equipment distribution business, Property rentals and development, Transportation, and Other operations, which include investment holding, hire purchase financing, provision of workshop services, and the manufacturing of vehicle seats.
73GF Score

Get the complete analysis for SGX:T15

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

HK$1.60
Price
HK$1.17
GF Value