Cortina Holdings (SGX:C41) Net Margin %: 6.64% (As of Mar. 2026) — 11% Below 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:C41 Cortina Holdings Ltd SGX:C41
95 GF Score
Price S$3.90
GF Value S$3.89
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Cortina Holdings Net Margin %?

Cortina Holdings SGX:C41 +1.56% 95 Net Margin % is 6.64% as of Mar. 2026, which is 11% below its 10-year median of 7.45. GuruFocus rates SGX:C41 with a GF Score™ of 95/100 and a GF Value™ of S$3.89 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,129 Retail - Cyclical companies, Cortina Holdings ranks better than 74.58% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Cortina Holdings's Net Income for the six months ended in Mar. 2026 was S$33.9 Mil. Cortina Holdings's Revenue for the six months ended in Mar. 2026 was S$510.3 Mil. Therefore, Cortina Holdings's net margin for the quarter that ended in Mar. 2026 was 6.64%.

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

SGX:C41' s Net Margin % Range Over the Past 10 Years
Min: 3.02   Med: 7.45   Max: 9.59
Current: 6.58


SGX:C41's Net Margin % is ranked better than
74.58% of 1129 companies
in the Retail - Cyclical industry
Industry Median: 2.31 vs SGX:C41: 6.58

Cortina Holdings  (SGX:C41) 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.


Cortina Holdings Net Margin % Related Terms


Cortina Holdings Net Margin % Historical Data

* Premium members only.

The historical data trend for Cortina Holdings'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.

Cortina Holdings Net Margin % Chart

Cortina Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.59 9.26 7.53 7.37 6.58

Cortina Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 7.19 6.73 7.96 6.51 6.64

SGX:C41 vs TPR: Net Margin % Comparison

For the Luxury Goods subindustry, Cortina Holdings'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.


Cortina Holdings Net Margin % vs Retail - Cyclical Industry

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

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


SGX:C41
95GF Score
Cortina Holdings Ltd SGX:C41
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cortina Holdings 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.

Cortina Holdings's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=64.419/978.968
=6.58 %

Cortina Holdings's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=33.893/510.251
=6.64 %

* 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 6.64% mean?
Cortina Holdings (SGX:C41) has a Net Margin % of 6.64% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Cortina Holdings and its competitors. This is 11% below median its historical median of 7.45. Over the past decade, Cortina Holdings' Net Margin % has ranged from 3.02 to 9.59. According to the industry distribution chart, Cortina Holdings ranks #287 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 25.4%.
Is Cortina Holdings' Net Margin % too high?
Cortina Holdings' current Net Margin % of 6.64% is 11% below median its 10-year median of 7.45. Over the past 10 years, this metric has ranged from a low of 3.02 to a high of 9.59. The Retail - Cyclical industry median Net Margin % is 2.31. Cortina Holdings' value of 6.64% is 187.4% above this industry median. Based on the distribution chart, Cortina Holdings ranks #287 out of 1129 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Cortina Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cortina Holdings' Net Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Cortina Holdings ranks #287 out of 1129 companies for Net Margin %. This puts Cortina Holdings in the upper half of its industry. The industry median Net Margin % is 2.31. Cortina Holdings' value of 6.64% is 187.4% above this benchmark. Historically, Cortina Holdings' own Net Margin % has ranged from 3.02 to 9.59 over the past decade. While the company's 10-year median is 7.45 vs. the industry median of 2.31, Cortina Holdings 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 Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.31, based on 1,129 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. Cortina Holdings's current Net Margin % of 6.64% is 187.4% 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 Cortina Holdings and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cortina Holdings's current Net Margin % is 6.64%, which is 11% below median its own 10-year median of 7.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cortina Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cortina Holdings (SGX:C41) is currently considered Fairly Valued. The stock's GF Value™ is S$3.89, compared to a current price of S$3.90 — trading 0.3% above its estimated fair value. The current Net Margin % is 6.64%, which is 11% below median its 10-year median of 7.45 and 187.4% above the Retail - Cyclical industry median of 2.31. Cortina Holdings' overall GF Score™ is 95/100 with 7 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 Cortina Holdings (SGX:C41), the current Net Margin % is 6.64% as of Mar. 2026. 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 Cortina Holdings (SGX:C41) Overvalued in 2026?

Based on GuruFocus' analysis, Cortina Holdings stock appears to be overvalued. The current stock price of S$3.90 is trading 0.3% above its estimated GF Value™ of S$3.89. GuruFocus considers Cortina Holdings to be Fairly Valued.

Key valuation signals for SGX:C41:

  • Net Margin %: 6.64% (11% below median its 10-year median of 7.45)
  • GF Value™: S$3.89 vs. price of S$3.90 (0.3% above fair value)
  • GF Score™: 95/100 with 7 warning signs
  • Industry Position: 187.4% above the Retail - Cyclical median (#287 of 1129)

No single metric tells the full story. See the SGX:C41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cortina Holdings Business Description

Address 391B Orchard Road, No. 18-01 Ngee Ann City Tower B, Singapore, SGP, 238874
Cortina Holdings Ltd is engaged in the retail and distribution of luxury watches. It operates in two segments, namely Retail and Wholesale. The retail segment, which derives the majority of revenue, involves in retailing of the timepiece, branded pens, and accessories. The wholesale segment is involved in the wholesale of timepieces and luxury branded accessories. Its brands include brands, such as Rolex, Patek Philippe, Cartier, Chopard, H. Moser & Cie, Parmigiani Fleurier, Omega, and more.
95GF Score

Get the complete analysis for SGX:C41

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

S$3.90
Price
S$3.89
GF Value