Union Steel Holdings (SGX:ZB9) OCF Margin %: 8.73% (As of Jun. 2026) — 32% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SGX:ZB9 Union Steel Holdings Ltd SGX:ZB9
41 GF Score
Price S$0.48
! 8 Warning Signs
View Full Analysis

What is Union Steel Holdings OCF Margin %?

Union Steel Holdings SGX:ZB9 41 OCF Margin % is 8.73% as of Jun. 2026, which is 32% below its 10-year median of 12.85. GuruFocus rates SGX:ZB9 with a GF Score™ of 41/100. The stock has 8 warning signs investors should review. Among 237 Waste Management companies, Union Steel Holdings ranks better than 52.74% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Union Steel Holdings's Cash Flow from Operations for the six months ended in Jun. 2026 was S$4.5 Mil. Union Steel Holdings's Revenue for the six months ended in Jun. 2026 was S$51.0 Mil. Therefore, Union Steel Holdings's OCF Margin % for the quarter that ended in Jun. 2026 was 8.73%.

As of today, Union Steel Holdings's current OCF Yield % is 21.84%.

The historical rank and industry rank for Union Steel Holdings's OCF Margin % or its related term are showing as below:

SGX:ZB9' s OCF Margin % Range Over the Past 10 Years
Min: 0.22   Med: 12.85   Max: 25.42
Current: 11.43


During the past 13 years, the highest OCF Margin % of Union Steel Holdings was 25.42%. The lowest was 0.22%. And the median was 12.85%.

SGX:ZB9's OCF Margin % is ranked better than
52.74% of 237 companies
in the Waste Management industry
Industry Median: 10.15 vs SGX:ZB9: 11.43


Union Steel Holdings OCF Margin % Related Terms


Union Steel Holdings OCF Margin % Historical Data

* Premium members only.

The historical data trend for Union Steel Holdings'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.

Union Steel Holdings OCF Margin % Chart

Union Steel Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.12 14.09 12.38 25.42 11.43

Union Steel Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 24.61 29.10 20.88 13.88 8.73

SGX:ZB9 vs WM, RSG, WCN: OCF Margin % Comparison

For the Waste Management subindustry, Union Steel Holdings'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.


Union Steel Holdings OCF Margin % vs Waste Management Industry

For the Waste Management industry and Industrials sector, Union Steel Holdings's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Union Steel Holdings's OCF Margin % falls into.


SGX:ZB9
41GF Score
Union Steel Holdings Ltd SGX:ZB9
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Steel Holdings OCF Margin % Calculation

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

Union Steel Holdings's OCF Margin for the fiscal year that ended in Jun. 2026 is calculated as

OCF Margin=Cash Flow from Operations (A: Jun. 2026 )/Revenue (A: Jun. 2026 )
=12.257/107.263
=11.43 %

Union Steel Holdings's OCF Margin for the quarter that ended in Jun. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=4.456/51.045
=8.73 %

* 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 8.73% mean?
Union Steel Holdings (SGX:ZB9) has a OCF Margin % of 8.73% as of Jun. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Union Steel Holdings and its competitors. This is 32% below median its historical median of 12.85. Over the past decade, Union Steel Holdings' OCF Margin % has ranged from 0.22 to 25.42. According to the industry distribution chart, Union Steel Holdings ranks #112 out of 237 companies in the Waste Management industry, placing it in the top 47.3%.
Is Union Steel Holdings' OCF Margin % too high?
Union Steel Holdings' current OCF Margin % of 8.73% is 32% below median its 10-year median of 12.85. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 25.42. The Waste Management industry median OCF Margin % is 10.15. Union Steel Holdings' value of 8.73% is 14% below this industry median. Based on the distribution chart, Union Steel Holdings ranks #112 out of 237 companies in the Waste Management industry, which is above the industry midpoint. Overall, Union Steel Holdings has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Union Steel Holdings' OCF Margin % compare to WM and RSG?
According to the Waste Management industry distribution chart, Union Steel Holdings ranks #112 out of 237 companies for OCF Margin %. This puts Union Steel Holdings in the upper half of its industry. The industry median OCF Margin % is 10.15. Union Steel Holdings' value of 8.73% is 14% below this benchmark. Historically, Union Steel Holdings' own OCF Margin % has ranged from 0.22 to 25.42 over the past decade. While the company's 10-year median is 12.85 vs. the industry median of 10.15, Union Steel Holdings 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 OCF Margin % for a Waste Management company?
The median OCF Margin % among Waste Management companies is 10.15, based on 237 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. Union Steel Holdings's current OCF Margin % of 8.73% is 14% 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 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 Union Steel Holdings and its competitors. For the Waste Management industry, the median OCF Margin % is 10.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Steel Holdings's current OCF Margin % is 8.73%, which is 32% below median its own 10-year median of 12.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Steel Holdings stock overvalued right now?
Union Steel Holdings (SGX:ZB9) has a current OCF Margin % of 8.73%. The current OCF Margin % is 8.73%, which is 32% below median its 10-year median of 12.85 and 14% below the Waste Management industry median of 10.15. Union Steel Holdings' overall GF Score™ is 41/100 with 8 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 Union Steel Holdings (SGX:ZB9), the current OCF Margin % is 8.73% as of Jun. 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.

Union Steel Holdings Business Description

Address 33 Pioneer Road North, Singapore, SGP, 628474
Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals, which include import and export of scrap metals, waste collection services, trading, and leasing of metal products.; Scaffolding that provides scaffolding services and related consultancy services; Engineering, including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; and Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore, followed by India, Thailand, Malaysia, Indonesia, Pakistan, China, Bangladesh, and Other Countries.
41GF Score

Get the complete analysis for SGX:ZB9

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

S$0.48
Price