Meikles (LSE:MIK) Net Margin %: 3.10% (As of Feb. 2024)


LSE:MIK Meikles Ltd LSE:MIK
17 GF Score
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What is Meikles Net Margin %?

Meikles LSE:MIK 17 Net Margin % is 3.10% as of Feb. 2024. GuruFocus rates LSE:MIK with a GF Score™ of 17/100.

Net margin is calculated as Net Income divided by its Revenue. Meikles's Net Income for the six months ended in Feb. 2024 was $921 Mil. Meikles's Revenue for the six months ended in Feb. 2024 was $29,745 Mil. Therefore, Meikles's net margin for the quarter that ended in Feb. 2024 was 3.10%.

The historical rank and industry rank for Meikles's Net Margin % or its related term are showing as below:


LSE:MIK's Net Margin % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 2.33
* Ranked among companies with meaningful Net Margin % only.

Meikles  (LSE:MIK) 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.

Meikles Net Margin % Related Terms

Meikles Net Margin % Historical Data

* Premium members only.

The historical data trend for Meikles'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.

Meikles Net Margin % Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21 Mar22 Feb24
Net Margin %
Get a 7-Day Free Trial Premium Member Only 3.92 12.42 0.89 2.34 2.87

Meikles Semi-Annual Data
Dec08 Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23 Feb24
Net 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 3.60 1.52 0.82 0.44 3.10

LSE:MIK vs DDS, M: Net Margin % Comparison

For the Department Stores subindustry, Meikles'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.

Meikles Net Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Net Margin % distribution charts can be found below:

* The bar in red indicates where Meikles's Net Margin % falls into.


LSE:MIK
17GF Score
Meikles Ltd LSE:MIK
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Meikles Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Meikles's Net Margin for the fiscal year that ended in Feb. 2024 is calculated as

Net Margin=Net Income (A: Feb. 2024 )/Revenue (A: Feb. 2024 )
=932.635/32446.172
=2.87 %

Meikles's Net Margin for the quarter that ended in Feb. 2024 is calculated as

Net Margin=Net Income (Q: Feb. 2024 )/Revenue (Q: Feb. 2024 )
=920.762/29744.802
=3.10 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 3.10% mean?
Meikles (LSE:MIK) has a Net Margin % of 3.10% as of Feb. 2024. Net margin is the ratio of total net income to net sales. View historical data on Meikles and its competitors.
Is Meikles' Net Margin % too high?
Meikles' current Net Margin % is 3.10%. The Retail - Cyclical industry median Net Margin % is 2.33. Meikles' value of 3.10% is 33% above this industry median. Overall, Meikles has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Meikles' Net Margin % compare to DDS and M?
Meikles' Net Margin % of 3.10% can be compared against companies in the Retail - Cyclical industry. The industry median Net Margin % is 2.33. Meikles' value of 3.10% is 33% above this benchmark. 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 Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.33, based on 1,128 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. Meikles's current Net Margin % of 3.10% is 33% 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 Meikles and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meikles's current Net Margin % is 3.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meikles stock overvalued right now?
Meikles (LSE:MIK) has a current Net Margin % of 3.10%. The current Net Margin % is 3.10% and 33% above the Retail - Cyclical industry median of 2.33. Meikles' overall GF Score™ is 17/100. 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 Meikles (LSE:MIK), the current Net Margin % is 3.10% as of Feb. 2024. 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.

Meikles Business Description

Address 4 Steppes Road, Highlands, Harare, ZWE
Meikles Ltd is a Zimbabwe-based investment holding company with diversified segments. Its Supermarkets segment operates a chain of stores offering groceries, fresh produce, and household goods, generating the majority of the revenue in Zimbabwe. The Hotels segment provides accommodation, food and beverage services, event hosting, and leisure facilities. The Properties segment develops, leases, and manages commercial properties. The Security Services segment provides on-site personnel to corporate and residential clients, while the Corporate segment oversees administration and strategic planning. Operations are divided between Zimbabwe and non-Zimbabwe, with the majority of revenue coming from Zimbabwe.
17GF Score

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

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