TSG Development Co (ROCO:3521) Net Margin %: -153.12% (As of Dec. 2025)


ROCO:3521 TSG Development Co Ltd ROCO:3521
58 GF Score
Price NT$12.10
GF Value NT$10.12
Valuation Modestly Overvalued
! 2 Warning Signs
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What is TSG Development Co Net Margin %?

TSG Development Co ROCO:3521 +0.41% 58 Net Margin % is -153.12% as of Dec. 2025. GuruFocus rates ROCO:3521 with a GF Score™ of 58/100 and a GF Value™ of NT$10.12 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,761 Construction companies, TSG Development Co ranks worse than 80.35% on this metric.

Net margin is calculated as Net Income divided by its Revenue. TSG Development Co's Net Income for the three months ended in Dec. 2025 was NT$-17.1 Mil. TSG Development Co's Revenue for the three months ended in Dec. 2025 was NT$11.2 Mil. Therefore, TSG Development Co's net margin for the quarter that ended in Dec. 2025 was -153.12%.

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

ROCO:3521' s Net Margin % Range Over the Past 10 Years
Min: -69.54   Med: -13.59   Max: 8.47
Current: -3.71


ROCO:3521's Net Margin % is ranked worse than
80.35% of 1761 companies
in the Construction industry
Industry Median: 3.91 vs ROCO:3521: -3.71

TSG Development Co  (ROCO:3521) 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.


TSG Development Co Net Margin % Related Terms


TSG Development Co Net Margin % Historical Data

* Premium members only.

The historical data trend for TSG Development 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.

TSG Development Co Net Margin % Chart

TSG Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.79 -33.57 -69.54 -52.59 -3.71

TSG Development Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,716.86 -213.26 10.28 74.61 -153.12

ROCO:3521 vs PWR, FIX, EME: Net Margin % Comparison

For the Engineering & Construction subindustry, TSG Development 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.


TSG Development Co Net Margin % vs Construction Industry

For the Construction industry and Industrials sector, TSG Development Co's Net Margin % distribution charts can be found below:

* The bar in red indicates where TSG Development Co's Net Margin % falls into.


ROCO:3521
58GF Score
TSG Development Co Ltd ROCO:3521
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSG Development Co 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.

TSG Development Co's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=-9.166/246.806
=-3.71 %

TSG Development Co's Net Margin for the quarter that ended in Dec. 2025 is calculated as

Net Margin=Net Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-17.117/11.179
=-153.12 %

* 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 -153.12% mean?
TSG Development Co (ROCO:3521) has a Net Margin % of -153.12% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on TSG Development Co and its competitors. According to the industry distribution chart, TSG Development Co ranks #1415 out of 1761 companies in the Construction industry, placing it in the top 80.4%.
Is TSG Development Co's Net Margin % too high?
TSG Development Co's current Net Margin % is -153.12%. Based on the distribution chart, TSG Development Co ranks #1415 out of 1761 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, TSG Development Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSG Development Co's Net Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, TSG Development Co ranks #1415 out of 1761 companies for Net Margin %. This places TSG Development Co in the lower half of its industry. The industry median Net Margin % is 3.91. 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 Construction company?
The median Net Margin % among Construction companies is 3.91, based on 1,761 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. 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 TSG Development Co and its competitors. For the Construction industry, the median Net Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSG Development Co's current Net Margin % is -153.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSG Development Co stock overvalued right now?
Based on GuruFocus' analysis, TSG Development Co (ROCO:3521) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.12, compared to a current price of NT$12.10 — trading 19.6% above its estimated fair value. The current Net Margin % is -153.12%. TSG Development Co's overall GF Score™ is 58/100 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 TSG Development Co (ROCO:3521), the current Net Margin % is -153.12% 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 TSG Development Co (ROCO:3521) Overvalued in 2026?

Based on GuruFocus' analysis, TSG Development Co stock appears to be overvalued. The current stock price of NT$12.10 is trading 19.6% above its estimated GF Value™ of NT$10.12. GuruFocus considers TSG Development Co to be Modestly Overvalued.

Key valuation signals for ROCO:3521:

  • Net Margin %: -153.12%
  • GF Value™: NT$10.12 vs. price of NT$12.10 (19.6% above fair value)
  • GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSG Development Co Business Description

Address 25th Floor, No. 502, Jiuru 1st Road, Sanmin District, Kaohsiung City, Taipei, TWN, 235
TSG Development Co Ltd Formerly Datavan International Corp is engaged in the research and development, design, manufacture and sale of endpoint sales system software and hardware, import and export of computer information equipment and its peripheral equipment parts and accessories, and development and sale of residential and buildings for lease, investment in construction of public works and real estate trading. It operates in two reportable operating segments: Technology Business Division; and Construction Business Division, which earns majority of the revenue from real estate construction and related sales management services and other businesses. Geographically, its operations are spread across Asia, Europe, Americas and Other with majority of the revenue generating from Asia.
58GF Score

Get the complete analysis for ROCO:3521

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

NT$12.10
Price
NT$10.12
GF Value