Starlux Airlines Co (TPE:2646) Net Margin %: -1.78% (As of Dec. 2025)


TPE:2646 Starlux Airlines Co Ltd TPE:2646
48 GF Score
Price NT$21.20
GF Value NT$31.65
Valuation Possible Value Trap
! 9 Warning Signs
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What is Starlux Airlines Co Net Margin %?

Starlux Airlines Co TPE:2646 -3.42% 48 Net Margin % is -1.78% as of Dec. 2025. GuruFocus rates TPE:2646 with a GF Score™ of 48/100 and a GF Value™ of NT$31.65 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,008 Transportation companies, Starlux Airlines Co ranks worse than 77.38% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Starlux Airlines Co's Net Income for the three months ended in Dec. 2025 was NT$-202 Mil. Starlux Airlines Co's Revenue for the three months ended in Dec. 2025 was NT$11,356 Mil. Therefore, Starlux Airlines Co's net margin for the quarter that ended in Dec. 2025 was -1.78%.

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

TPE:2646' s Net Margin % Range Over the Past 10 Years
Min: -10619.64   Med: -156.77   Max: 3.73
Current: 0.62


TPE:2646's Net Margin % is ranked worse than
77.38% of 1008 companies
in the Transportation industry
Industry Median: 4.98 vs TPE:2646: 0.62

Starlux Airlines Co  (TPE:2646) 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.


Starlux Airlines Co Net Margin % Related Terms


Starlux Airlines Co Net Margin % Historical Data

* Premium members only.

The historical data trend for Starlux Airlines 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.

Starlux Airlines Co Net Margin % Chart

Starlux Airlines Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial -379.30 -156.77 0.66 3.73 0.62

Starlux Airlines Co Quarterly Data
Dec19 Dec20 Dec21 Jun22 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 -2.19 8.17 0.08 -4.18 -1.78

TPE:2646 vs DAL, UAL, LUV: Net Margin % Comparison

For the Airlines subindustry, Starlux Airlines 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.


Starlux Airlines Co Net Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Starlux Airlines Co's Net Margin % distribution charts can be found below:

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


TPE:2646
48GF Score
Starlux Airlines Co Ltd TPE:2646
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Starlux Airlines 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.

Starlux Airlines 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 )
=272.608/44053.262
=0.62 %

Starlux Airlines 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 )
=-202.033/11356.439
=-1.78 %

* 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 -1.78% mean?
Starlux Airlines Co (TPE:2646) has a Net Margin % of -1.78% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Starlux Airlines Co and its competitors. According to the industry distribution chart, Starlux Airlines Co ranks #780 out of 1008 companies in the Transportation industry, placing it in the top 77.4%.
Is Starlux Airlines Co's Net Margin % too high?
Starlux Airlines Co's current Net Margin % is -1.78%. Based on the distribution chart, Starlux Airlines Co ranks #780 out of 1008 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Starlux Airlines Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Starlux Airlines Co's Net Margin % compare to DAL and UAL?
According to the Transportation industry distribution chart, Starlux Airlines Co ranks #780 out of 1008 companies for Net Margin %. This places Starlux Airlines Co in the lower half of its industry. The industry median Net Margin % is 4.98. 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 Transportation company?
The median Net Margin % among Transportation companies is 4.98, based on 1,008 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 Starlux Airlines Co and its competitors. For the Transportation industry, the median Net Margin % is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlux Airlines Co's current Net Margin % is -1.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlux Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Starlux Airlines Co (TPE:2646) is currently considered Possible Value Trap. The stock's GF Value™ is NT$31.65, compared to a current price of NT$21.20 — trading 33% below its estimated fair value. The current Net Margin % is -1.78%. Starlux Airlines Co's overall GF Score™ is 48/100 with 9 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 Starlux Airlines Co (TPE:2646), the current Net Margin % is -1.78% 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 Starlux Airlines Co (TPE:2646) Overvalued in 2026?

Based on GuruFocus' analysis, Starlux Airlines Co stock appears to be undervalued. The current stock price of NT$21.20 is trading 33% below its estimated GF Value™ of NT$31.65. GuruFocus considers Starlux Airlines Co to be Possible Value Trap.

Key valuation signals for TPE:2646:

  • Net Margin %: -1.78%
  • GF Value™: NT$31.65 vs. price of NT$21.20 (33% below fair value)
  • GF Score™: 48/100 with 9 warning signs

No single metric tells the full story. See the TPE:2646 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Starlux Airlines Co Business Description

Address Zhongxiao E. Road, Section 4, No. 525, 11th Floor, Xinyi District, Taipei, TWN, 11470
Starlux Airlines Co Ltd is an airline company that offers airline services. The company provides civil air transportation, civil aviation personnel training, and other services. It offers flights to more than ten Northeast Asia, Southeast Asia, and Macau destinations. Geographically, the company generates maximum revenue from Taiwan, and the rest from Asia (excluding Taiwan), North America, and other regions.
48GF Score

Get the complete analysis for TPE:2646

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

NT$21.20
Price
NT$31.65
GF Value