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Zhongtai Futures CoHKSE:01461 39 Net Margin % is 19.40% as of Dec. 2025, which is 76% above its 10-year median of 11.05. GuruFocus rates HKSE:01461 with a GF Score™ of 39/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 774 Capital Markets companies, Zhongtai Futures Co ranks worse than 52.84% on this metric.
Zhongtai Futures Co (HKSE:01461) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Zhongtai Futures Co Net Margin % Related Terms
Zhongtai Futures Co Net Margin % Historical Data
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The historical data trend for Zhongtai Futures Co's Net 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:01461 vs MS, GS, SCHW: Net Margin % Comparison
For the Capital Markets subindustry, Zhongtai Futures Co's Net Margin %, along with its competitors' market caps and Net 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.
Zhongtai Futures Co Net Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Zhongtai Futures Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Zhongtai Futures Co's Net 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.
Zhongtai Futures Co (HKSE:01461) has a Net Margin % of 19.40% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Zhongtai Futures Co and its competitors. This is 76% above median its historical median of 11.05. Over the past decade, Zhongtai Futures Co's Net Margin % has ranged from 0.77 to 34.86. According to the industry distribution chart, Zhongtai Futures Co ranks #409 out of 774 companies in the Capital Markets industry, placing it in the top 52.8%.
Is Zhongtai Futures Co's Net Margin % too high?
Zhongtai Futures Co's current Net Margin % of 19.40% is 76% above median its 10-year median of 11.05. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 34.86. The Capital Markets industry median Net Margin % is 14.93. Zhongtai Futures Co's value of 19.40% is 30% above this industry median. Based on the distribution chart, Zhongtai Futures Co ranks #409 out of 774 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Zhongtai Futures Co has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhongtai Futures Co's Net Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Zhongtai Futures Co ranks #409 out of 774 companies for Net Margin %. This places Zhongtai Futures Co in the lower half of its industry. The industry median Net Margin % is 14.93. Zhongtai Futures Co's value of 19.40% is 30% above this benchmark. Historically, Zhongtai Futures Co's own Net Margin % has ranged from 0.77 to 34.86 over the past decade. While the company's 10-year median is 11.05 vs. the industry median of 14.93, Zhongtai Futures Co 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 Net Margin % for a Capital Markets company?
The median Net Margin % among Capital Markets companies is 14.93, based on 774 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhongtai Futures Co's current Net Margin % of 19.40% is 30% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Zhongtai Futures Co and its competitors. For the Capital Markets industry, the median Net Margin % is 14.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongtai Futures Co's current Net Margin % is 19.40%, which is 76% above median its own 10-year median of 11.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongtai Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Zhongtai Futures Co (HKSE:01461) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.67 — trading 272.2% above its estimated fair value. The current Net Margin % is 19.40%, which is 76% above median its 10-year median of 11.05 and 30% above the Capital Markets industry median of 14.93. Zhongtai Futures Co's overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Zhongtai Futures Co (HKSE:01461), the current Net Margin % is 19.40% 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 Zhongtai Futures Co (HKSE:01461) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongtai Futures Co stock appears to be overvalued.
The current stock price of HK$0.67 is trading 272.2% above its estimated GF Value™ of HK$0.18.
GuruFocus considers Zhongtai Futures Co to be Significantly Overvalued.
Key valuation signals for HKSE:01461:
Net Margin %: 19.40% (76% above median its 10-year median of 11.05)
GF Value™: HK$0.18 vs. price of HK$0.67 (272.2% above fair value)
Industry Position: 30% above the Capital Markets median (#409 of 774)
No single metric tells the full story. See the HKSE:01461 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongtai Futures Co Ltd is mainly engaged in financial futures brokerage; commodity futures brokerage; consulting in futures investments; asset management; basis trading; warehouse receipt services; cooperative hedging; market making; over-the-counter derivatives business; information technology consulting services, and other business activities permitted by the CSRC. The Group's reportable segments are mainly classified into brokerage business segment, risk management business segment, and asset management segment, depending on the type of business. The company generates majority of income from Brokerage business segment.
39GF Score
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