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Apple Flavor & Fragrance Group Co (SHSE:603020) 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.
Apple Flavor & Fragrance Group Co Net Margin % Related Terms
Apple Flavor & Fragrance Group Co Net Margin % Historical Data
* 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.
Apple Flavor & Fragrance Group Co Net Margin % Chart
SHSE:603020 vs LIN, SHW, ECL: Net Margin % Comparison
For the Specialty Chemicals subindustry, Apple Flavor & Fragrance Group 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.
Apple Flavor & Fragrance Group Co Net Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Apple Flavor & Fragrance Group Co's Net Margin % distribution charts can be found below:
* The bar in red indicates where Apple Flavor & Fragrance Group 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.
Apple Flavor & Fragrance Group Co (SHSE:603020) has a Net Margin % of 5.35% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Apple Flavor & Fragrance Group Co and its competitors. This is near median its historical median of 5.30. Over the past decade, Apple Flavor & Fragrance Group Co's Net Margin % has ranged from 3.26 to 8.36. According to the industry distribution chart, Apple Flavor & Fragrance Group Co ranks #843 out of 1580 companies in the Chemicals industry, placing it in the top 53.4%.
Is Apple Flavor & Fragrance Group Co's Net Margin % too high?
Apple Flavor & Fragrance Group Co's current Net Margin % of 5.35% is near median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 3.26 to a high of 8.36. The Chemicals industry median Net Margin % is 4.09. Apple Flavor & Fragrance Group Co's value of 5.35% is 30.8% above this industry median. Based on the distribution chart, Apple Flavor & Fragrance Group Co ranks #843 out of 1580 companies in the Chemicals industry, which is below the industry midpoint. Overall, Apple Flavor & Fragrance Group Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple Flavor & Fragrance Group Co's Net Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Apple Flavor & Fragrance Group Co ranks #843 out of 1580 companies for Net Margin %. This places Apple Flavor & Fragrance Group Co in the lower half of its industry. The industry median Net Margin % is 4.09. Apple Flavor & Fragrance Group Co's value of 5.35% is 30.8% above this benchmark. Historically, Apple Flavor & Fragrance Group Co's own Net Margin % has ranged from 3.26 to 8.36 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 4.09, Apple Flavor & Fragrance Group 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 Chemicals company?
The median Net Margin % among Chemicals companies is 4.09, based on 1,580 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. Apple Flavor & Fragrance Group Co's current Net Margin % of 5.35% is 30.8% 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 Apple Flavor & Fragrance Group Co and its competitors. For the Chemicals industry, the median Net Margin % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple Flavor & Fragrance Group Co's current Net Margin % is 5.35%, which is near median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple Flavor & Fragrance Group Co stock overvalued right now?
Based on GuruFocus' analysis, Apple Flavor & Fragrance Group Co (SHSE:603020) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.24, compared to a current price of ¥10.10 — trading 39.5% above its estimated fair value. The current Net Margin % is 5.35%, which is near median its 10-year median of 5.30 and 30.8% above the Chemicals industry median of 4.09. Apple Flavor & Fragrance Group Co's overall GF Score™ is 64/100 with 8 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 Apple Flavor & Fragrance Group Co (SHSE:603020), the current Net Margin % is 5.35% 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 Apple Flavor & Fragrance Group Co (SHSE:603020) Overvalued in 2026?
Based on GuruFocus' analysis, Apple Flavor & Fragrance Group Co stock appears to be overvalued.
The current stock price of ¥10.10 is trading 39.5% above its estimated GF Value™ of ¥7.24.
GuruFocus considers Apple Flavor & Fragrance Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:603020:
Net Margin %: 5.35% (near median its 10-year median of 5.30)
GF Value™: ¥7.24 vs. price of ¥10.10 (39.5% above fair value)
Industry Position: 30.8% above the Chemicals median (#843 of 1580)
No single metric tells the full story. See the SHSE:603020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apple Flavor & Fragrance Group Co Ltd is engaged in the development, manufacture, and sale of spices, flavors, and food ingredients. Its main products include spices which include synthetic and natural flavors, flavors (including food flavors and daily flavors) and industrial Cree which mainly include chocolate for frozen drinks and chocolate for baking, widely used in food, beverages, cigarettes, daily chemicals. It also engaged in the distribution of internationally renowned brands of butter, cheese, whipped cream, chocolate, cocoa, fruit products and other food ingredients.
64GF Score
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