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Dickson Concepts (International)DCOHF 52 Operating Margin % is 8.86% as of Mar. 2026, which is 24% below its 10-year median of 11.71. GuruFocus rates DCOHF with a GF Scoreâ„¢ of 52/100 and a GF Valueâ„¢ of $0.58 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,128 Retail - Cyclical companies, Dickson Concepts (International) ranks better than 84.31% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But NokiaÂ’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Dickson Concepts (International) Operating Margin % Related Terms
Dickson Concepts (International) Operating 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.
For the Luxury Goods subindustry, Dickson Concepts (International)'s Operating Margin %, along with its competitors' market caps and Operating 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.
Dickson Concepts (International) Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Dickson Concepts (International)'s Operating Margin % distribution charts can be found below:
* The bar in red indicates where Dickson Concepts (International)'s Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* 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.
Dickson Concepts (International) (DCOHF) has a Operating Margin % of 8.86% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Dickson Concepts (International) and its competitors. This is 24% below median its historical median of 11.71. According to the industry distribution chart, Dickson Concepts (International) ranks #177 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 15.7%.
Is Dickson Concepts (International)'s Operating Margin % too high?
Dickson Concepts (International)'s current Operating Margin % of 8.86% is 24% below median its 10-year median of 11.71. The Retail - Cyclical industry median Operating Margin % is 3.89. Dickson Concepts (International)'s value of 8.86% is 127.8% above this industry median. Based on the distribution chart, Dickson Concepts (International) ranks #177 out of 1128 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Dickson Concepts (International) has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dickson Concepts (International)'s Operating Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Dickson Concepts (International) ranks #177 out of 1128 companies for Operating Margin %. This places Dickson Concepts (International) in the top 16% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.89. Dickson Concepts (International)'s value of 8.86% is 127.8% above this benchmark. While the company's 10-year median is 11.71 vs. the industry median of 3.89, Dickson Concepts (International) 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 Operating Margin % for a Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.89, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dickson Concepts (International)'s current Operating Margin % of 8.86% is 127.8% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Dickson Concepts (International) and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dickson Concepts (International)'s current Operating Margin % is 8.86%, which is 24% below median its own 10-year median of 11.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dickson Concepts (International) stock overvalued right now?
Based on GuruFocus' analysis, Dickson Concepts (International) (DCOHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.58, compared to a current price of $0.81 — trading 39.7% above its estimated fair value. The current Operating Margin % is 8.86%, which is 24% below median its 10-year median of 11.71 and 127.8% above the Retail - Cyclical industry median of 3.89. Dickson Concepts (International)'s overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Dickson Concepts (International) (DCOHF), the current Operating Margin % is 8.86% 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 Dickson Concepts (International) (DCOHF) Overvalued in 2026?
Based on GuruFocus' analysis, Dickson Concepts (International) stock appears to be overvalued.
The current stock price of $0.81 is trading 39.7% above its estimated GF Value™ of $0.58.
GuruFocus considers Dickson Concepts (International) to be Significantly Overvalued.
Key valuation signals for DCOHF:
Operating Margin %: 8.86% (24% below median its 10-year median of 11.71)
GF Value™: $0.58 vs. price of $0.81 (39.7% above fair value)
Industry Position: 127.8% above the Retail - Cyclical median (#177 of 1128)
No single metric tells the full story. See the DCOHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dickson Concepts (International) Business Description
Dickson Concepts (International) Ltd is a Hong Kong-based investment holding company engaged in the manufacturing and distribution of luxury lighters, writing instruments, leather goods, accessories, ready-to-wear clothing, watches, and fragrances. The group manages its businesses under two divisions namely, the Luxury Goods and Securities Investment business, of which it generates a majority of revenue from the Luxury goods segment. Geographically the firm has a presence in Hong Kong, Taiwan, and other territories, of which key revenue is generated from Hong Kong. The Luxury goods segment includes the sale of luxury goods to retail and wholesale customers and net income from concession and consignment sales.
52GF Score
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