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S.A.S. Dragon HoldingsHKSE:01184 +0.23%65 Operating Margin % is 3.00% as of Dec. 2025, which is 5% above its 10-year median of 2.86. GuruFocus rates HKSE:01184 with a GF Score™ of 65/100 and a GF Value™ of HK$5.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,472 Hardware companies, S.A.S. Dragon Holdings ranks worse than 51.05% 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 Nokias 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.
S.A.S. Dragon Holdings Operating Margin % Related Terms
S.A.S. Dragon Holdings Operating Margin % Historical Data
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The historical data trend for S.A.S. Dragon Holdings's Operating 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.
HKSE:01184 vs SNX, ARW, AVT: Operating Margin % Comparison
For the Electronics & Computer Distribution subindustry, S.A.S. Dragon Holdings'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.
S.A.S. Dragon Holdings Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, S.A.S. Dragon Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where S.A.S. Dragon Holdings'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.
S.A.S. Dragon Holdings's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
S.A.S. Dragon Holdings (HKSE:01184) has a Operating Margin % of 3.00% as of Dec. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on S.A.S. Dragon Holdings and its competitors. This is near median its historical median of 2.86. Over the past decade, S.A.S. Dragon Holdings' Operating Margin % has ranged from 1.96 to 4.05. According to the industry distribution chart, S.A.S. Dragon Holdings ranks #1262 out of 2472 companies in the Hardware industry, placing it in the top 51.1%.
Is S.A.S. Dragon Holdings' Operating Margin % too high?
S.A.S. Dragon Holdings' current Operating Margin % of 3.00% is near median its 10-year median of 2.86. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 4.05. The Hardware industry median Operating Margin % is 3.91. S.A.S. Dragon Holdings' value of 3.00% is 23.2% below this industry median. Based on the distribution chart, S.A.S. Dragon Holdings ranks #1262 out of 2472 companies in the Hardware industry, which is below the industry midpoint. Overall, S.A.S. Dragon Holdings has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S.A.S. Dragon Holdings' Operating Margin % compare to SNX and ARW?
According to the Hardware industry distribution chart, S.A.S. Dragon Holdings ranks #1262 out of 2472 companies for Operating Margin %. This places S.A.S. Dragon Holdings in the lower half of its industry. The industry median Operating Margin % is 3.91. S.A.S. Dragon Holdings' value of 3.00% is 23.2% below this benchmark. Historically, S.A.S. Dragon Holdings' own Operating Margin % has ranged from 1.96 to 4.05 over the past decade. While the company's 10-year median is 2.86 vs. the industry median of 3.91, S.A.S. Dragon 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 Operating Margin % for a Hardware company?
The median Operating Margin % among Hardware companies is 3.91, based on 2,472 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. S.A.S. Dragon Holdings's current Operating Margin % of 3.00% is 23.2% 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 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 S.A.S. Dragon Holdings and its competitors. For the Hardware industry, the median Operating Margin % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S.A.S. Dragon Holdings's current Operating Margin % is 3.00%, which is near median its own 10-year median of 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S.A.S. Dragon Holdings stock overvalued right now?
Based on GuruFocus' analysis, S.A.S. Dragon Holdings (HKSE:01184) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$5.08, compared to a current price of HK$8.83 — trading 73.8% above its estimated fair value. The current Operating Margin % is 3.00%, which is near median its 10-year median of 2.86 and 23.2% below the Hardware industry median of 3.91. S.A.S. Dragon Holdings' overall GF Score™ is 65/100 with 5 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 S.A.S. Dragon Holdings (HKSE:01184), the current Operating Margin % is 3.00% 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 S.A.S. Dragon Holdings (HKSE:01184) Overvalued in 2026?
Based on GuruFocus' analysis, S.A.S. Dragon Holdings stock appears to be overvalued.
The current stock price of HK$8.83 is trading 73.8% above its estimated GF Value™ of HK$5.08.
GuruFocus considers S.A.S. Dragon Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01184:
Operating Margin %: 3.00% (near median its 10-year median of 2.86)
GF Value™: HK$5.08 vs. price of HK$8.83 (73.8% above fair value)
Industry Position: 23.2% below the Hardware median (#1262 of 2472)
No single metric tells the full story. See the HKSE:01184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S.A.S. Dragon Holdings Ltd is engaged in the distribution of electronic components and semiconductor products used in mobile phones, consumer electronics, computer and networking equipment, and telecommunication products. The Group is also involved in the sale and contract works of LED lighting and display products, distribution of business equipment, provision of related ancillary services, and property investments. Its segments are Sales of electronic components and semiconductors, Sales of business equipment and provision of related ancillary services, Contract works of LED lighting and display products, and Sales of LED lighting and display products. It generates maximum revenue from Sales of electronic components and semiconductors from Hong Kong.
65GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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