Fulgent Sun International (Holding) Co (TPE:9802) Gross Margin %: 18.06% (As of Dec. 2025) — Near Median


TPE:9802 Fulgent Sun International (Holding) Co Ltd TPE:9802
81 GF Score
Price NT$72.40
GF Value NT$112.14
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Fulgent Sun International (Holding) Co Gross Margin %?

Fulgent Sun International (Holding) Co TPE:9802 -0.41% 81 Gross Margin % is 18.06% as of Dec. 2025, which is 5% below its 10-year median of 19.00. GuruFocus rates TPE:9802 with a GF Score™ of 81/100 and a GF Value™ of NT$112.14 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Fulgent Sun International (Holding) Co ranks worse than 68.07% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Fulgent Sun International (Holding) Co's Gross Profit for the three months ended in Dec. 2025 was NT$826 Mil. Fulgent Sun International (Holding) Co's Revenue for the three months ended in Dec. 2025 was NT$4,575 Mil. Therefore, Fulgent Sun International (Holding) Co's Gross Margin % for the quarter that ended in Dec. 2025 was 18.06%.

Warning Sign:

Fulgent Sun International (Holding) Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -2%.


The historical rank and industry rank for Fulgent Sun International (Holding) Co's Gross Margin % or its related term are showing as below:

TPE:9802' s Gross Margin % Range Over the Past 10 Years
Min: 17.99   Med: 19   Max: 23.1
Current: 18.29


During the past 13 years, the highest Gross Margin % of Fulgent Sun International (Holding) Co was 23.10%. The lowest was 17.99%. And the median was 19.00%.

TPE:9802's Gross Margin % is ranked worse than
68.07% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.415 vs TPE:9802: 18.29

Fulgent Sun International (Holding) Co had a gross margin of 18.06% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Fulgent Sun International (Holding) Co was -2.00% per year.


Fulgent Sun International (Holding) Co  (TPE:9802) 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

Fulgent Sun International (Holding) Co had a gross margin of 18.06% for the quarter that ended in Dec. 2025 => No sustainable 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.


Fulgent Sun International (Holding) Co Gross Margin % Related Terms


Fulgent Sun International (Holding) Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Fulgent Sun International (Holding) Co'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.

Fulgent Sun International (Holding) Co Gross Margin % Chart

Fulgent Sun International (Holding) Co 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 18.04 23.10 18.91 19.08 18.29

Fulgent Sun International (Holding) Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 20.38 19.06 18.49 17.55 18.06

TPE:9802 vs NKE, DECK, ONON: Gross Margin % Comparison

For the Footwear & Accessories subindustry, Fulgent Sun International (Holding) Co'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.


Fulgent Sun International (Holding) Co Gross Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fulgent Sun International (Holding) Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Fulgent Sun International (Holding) Co's Gross Margin % falls into.


TPE:9802
81GF Score
Fulgent Sun International (Holding) Co Ltd TPE:9802
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fulgent Sun International (Holding) Co Gross Margin % Calculation

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

Fulgent Sun International (Holding) Co'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 )
=3163.2 / 17294.633
=(Revenue - Cost of Goods Sold) / Revenue
=(17294.633 - 14131.404) / 17294.633
=18.29 %

Fulgent Sun International (Holding) Co'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 )
=826.1 / 4575.286
=(Revenue - Cost of Goods Sold) / Revenue
=(4575.286 - 3749.167) / 4575.286
=18.06 %

* 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 18.06% mean?
Fulgent Sun International (Holding) Co (TPE:9802) has a Gross Margin % of 18.06% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Fulgent Sun International (Holding) Co and its competitors. This is near median its historical median of 19.00. Over the past decade, Fulgent Sun International (Holding) Co's Gross Margin % has ranged from 17.99 to 23.10. According to the industry distribution chart, Fulgent Sun International (Holding) Co ranks #697 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 68.1%.
Is Fulgent Sun International (Holding) Co's Gross Margin % too high?
Fulgent Sun International (Holding) Co's current Gross Margin % of 18.06% is near median its 10-year median of 19.00. Over the past 10 years, this metric has ranged from a low of 17.99 to a high of 23.10. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.42. Fulgent Sun International (Holding) Co's value of 18.06% is 36.4% below this industry median. Based on the distribution chart, Fulgent Sun International (Holding) Co ranks #697 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Fulgent Sun International (Holding) Co has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fulgent Sun International (Holding) Co's Gross Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fulgent Sun International (Holding) Co ranks #697 out of 1024 companies for Gross Margin %. This places Fulgent Sun International (Holding) Co in the lower half of its industry. The industry median Gross Margin % is 28.42. Fulgent Sun International (Holding) Co's value of 18.06% is 36.4% below this benchmark. Historically, Fulgent Sun International (Holding) Co's own Gross Margin % has ranged from 17.99 to 23.10 over the past decade. While the company's 10-year median is 19.00 vs. the industry median of 28.42, Fulgent Sun International (Holding) Co 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 Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.42, based on 1,024 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. Fulgent Sun International (Holding) Co's current Gross Margin % of 18.06% is 36.4% 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 Fulgent Sun International (Holding) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulgent Sun International (Holding) Co's current Gross Margin % is 18.06%, which is near median its own 10-year median of 19.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulgent Sun International (Holding) Co stock overvalued right now?
Based on GuruFocus' analysis, Fulgent Sun International (Holding) Co (TPE:9802) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$112.14, compared to a current price of NT$72.40 — trading 35.4% below its estimated fair value. The current Gross Margin % is 18.06%, which is near median its 10-year median of 19.00 and 36.4% below the Manufacturing - Apparel & Accessories industry median of 28.42. Fulgent Sun International (Holding) Co's overall GF Score™ is 81/100 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 Fulgent Sun International (Holding) Co (TPE:9802), the current Gross Margin % is 18.06% 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 Fulgent Sun International (Holding) Co (TPE:9802) Overvalued in 2026?

Based on GuruFocus' analysis, Fulgent Sun International (Holding) Co stock appears to be undervalued. The current stock price of NT$72.40 is trading 35.4% below its estimated GF Value™ of NT$112.14. GuruFocus considers Fulgent Sun International (Holding) Co to be Significantly Undervalued.

Key valuation signals for TPE:9802:

  • Gross Margin %: 18.06% (near median its 10-year median of 19.00)
  • GF Value™: NT$112.14 vs. price of NT$72.40 (35.4% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 36.4% below the Manufacturing - Apparel & Accessories median (#697 of 1024)

No single metric tells the full story. See the TPE:9802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fulgent Sun International (Holding) Co Business Description

Address No. 76, Section 3, Yunlin Road, Yunlin County, Douliu, TWN
Fulgent Sun International (Holding) Co Ltd is engaged in the business of production and sale of sports and leisure outdoor shoes. Its main business is the manufacturing of professional sports shoes and high-functional outdoor shoes. Its factories are located in China, Vietnam, and Cambodia.
81GF Score

Get the complete analysis for TPE:9802

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

NT$72.40
Price
NT$112.14
GF Value