CTGDF (China Tourism Group Duty Free) OCF Margin %: 23.01% (As of Mar. 2026) — 110% Above Median

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CTGDF China Tourism Group Duty Free Corp Ltd CTGDF
81 GF Score
Price $6.25
GF Value $7.91
! 4 Warning Signs
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What is China Tourism Group Duty Free OCF Margin %?

China Tourism Group Duty Free CTGDF 81 OCF Margin % is 23.01% as of Mar. 2026, which is 110% above its 10-year median of 10.98. GuruFocus rates CTGDF with a GF Score™ of 81/100 and a GF Value™ of $7.91. The stock has 4 warning signs investors should review. Among 1,128 Retail - Cyclical companies, China Tourism Group Duty Free ranks better than 65.78% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. China Tourism Group Duty Free's Cash Flow from Operations for the three months ended in Mar. 2026 was $565 Mil. China Tourism Group Duty Free's Revenue for the three months ended in Mar. 2026 was $2,453 Mil. Therefore, China Tourism Group Duty Free's OCF Margin % for the quarter that ended in Mar. 2026 was 23.01%.

As of today, China Tourism Group Duty Free's current OCF Yield % is 4.65%.

The historical rank and industry rank for China Tourism Group Duty Free's OCF Margin % or its related term are showing as below:

CTGDF' s OCF Margin % Range Over the Past 10 Years
Min: -6.27   Med: 10.98   Max: 22.4
Current: 9.78


During the past 13 years, the highest OCF Margin % of China Tourism Group Duty Free was 22.40%. The lowest was -6.27%. And the median was 10.98%.

CTGDF's OCF Margin % is ranked better than
65.78% of 1128 companies
in the Retail - Cyclical industry
Industry Median: 5.45 vs CTGDF: 9.78


China Tourism Group Duty Free OCF Margin % Related Terms


China Tourism Group Duty Free OCF Margin % Historical Data

* Premium members only.

The historical data trend for China Tourism Group Duty Free's OCF 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.

China Tourism Group Duty Free OCF Margin % Chart

China Tourism Group Duty Free Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.31 -6.27 22.40 14.06 11.28

China Tourism Group Duty Free Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF 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 28.65 -19.20 6.67 19.31 23.01

CTGDF vs CASY, WSM, ULTA: OCF Margin % Comparison

For the Specialty Retail subindustry, China Tourism Group Duty Free's OCF Margin %, along with its competitors' market caps and OCF 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.


China Tourism Group Duty Free OCF Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's OCF Margin % distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's OCF Margin % falls into.


CTGDF
81GF Score
China Tourism Group Duty Free Corp Ltd CTGDF
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Tourism Group Duty Free OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

China Tourism Group Duty Free's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=860.2/7623.464
=11.28 %

China Tourism Group Duty Free's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=564.501/2452.957
=23.01 %

* 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 OCF Margin % →
What does a OCF Margin % of 23.01% mean?
China Tourism Group Duty Free (CTGDF) has a OCF Margin % of 23.01% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on China Tourism Group Duty Free and its competitors. This is 110% above median its historical median of 10.98. According to the industry distribution chart, China Tourism Group Duty Free ranks #386 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 34.2%.
Is China Tourism Group Duty Free's OCF Margin % too high?
China Tourism Group Duty Free's current OCF Margin % of 23.01% is 110% above median its 10-year median of 10.98. The Retail - Cyclical industry median OCF Margin % is 5.45. China Tourism Group Duty Free's value of 23.01% is 322.2% above this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #386 out of 1128 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's OCF Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #386 out of 1128 companies for OCF Margin %. This puts China Tourism Group Duty Free in the upper half of its industry. The industry median OCF Margin % is 5.45. China Tourism Group Duty Free's value of 23.01% is 322.2% above this benchmark. While the company's 10-year median is 10.98 vs. the industry median of 5.45, China Tourism Group Duty Free 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 OCF Margin % for a Retail - Cyclical company?
The median OCF Margin % among Retail - Cyclical companies is 5.45, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Tourism Group Duty Free's current OCF Margin % of 23.01% is 322.2% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on China Tourism Group Duty Free and its competitors. For the Retail - Cyclical industry, the median OCF Margin % is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current OCF Margin % is 23.01%, which is 110% above median its own 10-year median of 10.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current OCF Margin % of 23.01%. The stock's GF Value™ is $7.91, compared to a current price of $6.25 — trading 21% below its estimated fair value. The current OCF Margin % is 23.01%, which is 110% above median its 10-year median of 10.98 and 322.2% above the Retail - Cyclical industry median of 5.45. China Tourism Group Duty Free's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For China Tourism Group Duty Free (CTGDF), the current OCF Margin % is 23.01% 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 China Tourism Group Duty Free (CTGDF) Overvalued in 2026?

Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued. The current stock price of $6.25 is trading 21% below its estimated GF Value™ of $7.91.

Key valuation signals for CTGDF:

  • OCF Margin %: 23.01% (110% above median its 10-year median of 10.98)
  • GF Value™: $7.91 vs. price of $6.25 (21% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 322.2% above the Retail - Cyclical median (#386 of 1128)

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


China Tourism Group Duty Free Business Description

Other Exchanges 01880:Hong Kong601888:China
Address No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score

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

$6.25
Price
$7.91
GF Value