First Steamship Co (TPE:2601) Net Margin %: 64.28% (As of Dec. 2025)


TPE:2601 First Steamship Co Ltd TPE:2601
48 GF Score
Price NT$5.35
GF Value NT$2.07
Valuation Significantly Overvalued
! 7 Warning Signs
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What is First Steamship Co Net Margin %?

First Steamship Co TPE:2601 -2.55% 48 Net Margin % is 64.28% as of Dec. 2025. GuruFocus rates TPE:2601 with a GF Score™ of 48/100 and a GF Value™ of NT$2.07 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,128 Retail - Cyclical companies, First Steamship Co ranks worse than 96.81% on this metric.

Net margin is calculated as Net Income divided by its Revenue. First Steamship Co's Net Income for the three months ended in Dec. 2025 was NT$-1,066 Mil. First Steamship Co's Revenue for the three months ended in Dec. 2025 was NT$-1,658 Mil. Therefore, First Steamship Co's net margin for the quarter that ended in Dec. 2025 was 64.28%.

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

TPE:2601' s Net Margin % Range Over the Past 10 Years
Min: -90.24   Med: -1.06   Max: 17.27
Current: -90.24


TPE:2601's Net Margin % is ranked worse than
96.81% of 1128 companies
in the Retail - Cyclical industry
Industry Median: 2.33 vs TPE:2601: -90.24

First Steamship Co  (TPE:2601) 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.


First Steamship Co Net Margin % Related Terms


First Steamship Co Net Margin % Historical Data

* Premium members only.

The historical data trend for First Steamship 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.

First Steamship Co Net Margin % Chart

First Steamship 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 2.19 0.10 -30.34 -17.88 -90.23

First Steamship 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 8.40 -11.24 -7.60 -7.29 64.28

TPE:2601 vs DDS, M: Net Margin % Comparison

For the Department Stores subindustry, First Steamship 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.


First Steamship Co Net Margin % vs Retail - Cyclical Industry

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

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


TPE:2601
48GF Score
First Steamship Co Ltd TPE:2601
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Steamship 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.

First Steamship 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 )
=-1343.91/1489.351
=-90.23 %

First Steamship 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 )
=-1065.623/-1657.672
=64.28 %

* 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 64.28% mean?
First Steamship Co (TPE:2601) has a Net Margin % of 64.28% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on First Steamship Co and its competitors. According to the industry distribution chart, First Steamship Co ranks #1092 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 96.8%.
Is First Steamship Co's Net Margin % too high?
First Steamship Co's current Net Margin % is 64.28%. The Retail - Cyclical industry median Net Margin % is 2.33. First Steamship Co's value of 64.28% is 2658.8% above this industry median. Based on the distribution chart, First Steamship Co ranks #1092 out of 1128 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, First Steamship Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Steamship Co's Net Margin % compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, First Steamship Co ranks #1092 out of 1128 companies for Net Margin %. This places First Steamship Co in the lower half of its industry. The industry median Net Margin % is 2.33. First Steamship Co's value of 64.28% is 2658.8% 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. First Steamship Co's current Net Margin % of 64.28% is 2658.8% 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 First Steamship Co 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. First Steamship Co's current Net Margin % is 64.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Steamship Co stock overvalued right now?
Based on GuruFocus' analysis, First Steamship Co (TPE:2601) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$2.07, compared to a current price of NT$5.35 — trading 158.5% above its estimated fair value. The current Net Margin % is 64.28% and 2658.8% above the Retail - Cyclical industry median of 2.33. First Steamship Co's overall GF Score™ is 48/100 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 First Steamship Co (TPE:2601), the current Net Margin % is 64.28% 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 First Steamship Co (TPE:2601) Overvalued in 2026?

Based on GuruFocus' analysis, First Steamship Co stock appears to be overvalued. The current stock price of NT$5.35 is trading 158.5% above its estimated GF Value™ of NT$2.07. GuruFocus considers First Steamship Co to be Significantly Overvalued.

Key valuation signals for TPE:2601:

  • Net Margin %: 64.28%
  • GF Value™: NT$2.07 vs. price of NT$5.35 (158.5% above fair value)
  • GF Score™: 48/100 with 7 warning signs
  • Industry Position: 2658.8% above the Retail - Cyclical median (#1092 of 1128)

No single metric tells the full story. See the TPE:2601 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Steamship Co Business Description

Address Section 2, Fuxing S. Road, 14th Floor., No.237, Da\'an District, Taipei, TWN, 106
First Steamship Co Ltd is engaged in business management consultancy, domestic and international investments, as well as development, rental and sale of residential and commercial buildings. It operates in four segments the Shipping department, the Investing department, the Department Store department, and the Rental department. The Shipping department engages in domestic and international marine transportation and related businesses. The Investing department engages in domestic and international investment business. The Department Store department engages in department store retail industry, and the Rental department engages in automobile finance leasing company businesses. The majority of revenue is derived from the Department Store department segment.
48GF Score

Get the complete analysis for TPE:2601

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

NT$5.35
Price
NT$2.07
GF Value