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SAIC MotorSHSE:600104 -1.24%62 Net Margin % is 2.16% as of Mar. 2026, which is 26% below its 10-year median of 2.90. GuruFocus rates SHSE:600104 with a GF Score™ of 62/100 and a GF Value™ of ¥13.95 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,320 Vehicles & Parts companies, SAIC Motor ranks worse than 64.7% on this metric.
Net margin is calculated as Net Income divided by its Revenue. SAIC Motor's Net Income for the
three
months ended in Mar. 2026 was ¥3,026 Mil. SAIC Motor's Revenue for the
three
months ended in Mar. 2026 was ¥140,418 Mil. Therefore, SAIC Motor's net margin for the quarter that ended in Mar. 2026 was 2.16%.
The historical rank and industry rank for SAIC Motor's Net Margin % or its related term are showing as below:
SHSE:600104'
s Net Margin % Range Over the Past 10 Years
Min: 0.27 Med: 2.9 Max: 4.23
Current: 1.54
SHSE:600104's Net Margin % is ranked worse than 64.7% of 1320
companies
in the Vehicles & Parts industry
Industry Median: 3.255
vs SHSE:600104: 1.54
SAIC Motor (SHSE:600104) 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.
SAIC Motor Net Margin % Related Terms
SAIC Motor Net Margin % Historical Data
* Premium members only.
The historical data trend for SAIC Motor'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.
SHSE:600104 vs TSLA, GM, F: Net Margin % Comparison
For the Auto Manufacturers subindustry, SAIC Motor'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.
SAIC Motor Net Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SAIC Motor's Net Margin % distribution charts can be found below:
* The bar in red indicates where SAIC Motor'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.
SAIC Motor (SHSE:600104) has a Net Margin % of 2.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on SAIC Motor and its competitors. This is 26% below median its historical median of 2.90. Over the past decade, SAIC Motor's Net Margin % has ranged from 0.27 to 4.23. According to the industry distribution chart, SAIC Motor ranks #854 out of 1320 companies in the Vehicles & Parts industry, placing it in the top 64.7%.
Is SAIC Motor's Net Margin % too high?
SAIC Motor's current Net Margin % of 2.16% is 26% below median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 4.23. The Vehicles & Parts industry median Net Margin % is 3.26. SAIC Motor's value of 2.16% is 33.6% below this industry median. Based on the distribution chart, SAIC Motor ranks #854 out of 1320 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, SAIC Motor has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAIC Motor's Net Margin % compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, SAIC Motor ranks #854 out of 1320 companies for Net Margin %. This places SAIC Motor in the lower half of its industry. The industry median Net Margin % is 3.26. SAIC Motor's value of 2.16% is 33.6% below this benchmark. Historically, SAIC Motor's own Net Margin % has ranged from 0.27 to 4.23 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 3.26, SAIC Motor 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 Net Margin % for a Vehicles & Parts company?
The median Net Margin % among Vehicles & Parts companies is 3.26, based on 1,320 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. SAIC Motor's current Net Margin % of 2.16% is 33.6% 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 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 SAIC Motor and its competitors. For the Vehicles & Parts industry, the median Net Margin % is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAIC Motor's current Net Margin % is 2.16%, which is 26% below median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAIC Motor stock overvalued right now?
Based on GuruFocus' analysis, SAIC Motor (SHSE:600104) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.95, compared to a current price of ¥10.39 — trading 25.5% below its estimated fair value. The current Net Margin % is 2.16%, which is 26% below median its 10-year median of 2.90 and 33.6% below the Vehicles & Parts industry median of 3.26. SAIC Motor's overall GF Score™ is 62/100 with 4 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 SAIC Motor (SHSE:600104), the current Net Margin % is 2.16% 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 SAIC Motor (SHSE:600104) Overvalued in 2026?
Based on GuruFocus' analysis, SAIC Motor stock appears to be undervalued.
The current stock price of ¥10.39 is trading 25.5% below its estimated GF Value™ of ¥13.95.
GuruFocus considers SAIC Motor to be Modestly Undervalued.
Key valuation signals for SHSE:600104:
Net Margin %: 2.16% (26% below median its 10-year median of 2.90)
GF Value™: ¥13.95 vs. price of ¥10.39 (25.5% below fair value)
Industry Position: 33.6% below the Vehicles & Parts median (#854 of 1320)
No single metric tells the full story. See the SHSE:600104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. The company operates its business through two segments: the Vehicle and Parts Segment and the Financial Services Segment. The Vehicle and Parts segment focuses on the manufacturing and sale of automobiles and components. The Financial Services segment is engaged in offering various financial solutions. It generates the majority of its revenue from the Vehicle and Parts Segment.
62GF Score
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