Operating Margin % is calculated as Operating Income divided by its Revenue. FSM Holdings's Operating Income for the
six
months ended in Jun. 2025 was HK$-3.38 Mil. FSM Holdings's Revenue for the
six
months ended in Jun. 2025 was HK$48.84 Mil. Therefore, FSM Holdings's Operating Margin % for the quarter that ended in Jun. 2025 was -6.92%.
The historical rank and industry rank for FSM Holdings's Operating Margin % or its related term are showing as below:
HKSE:01721'
s Operating Margin % Range Over the Past 10 Years
Min: -29.83 Med: 5.8 Max: 31.75
Current: -22.17
HKSE:01721's Operating Margin % is not ranked
in the Industrial Products industry.
Industry Median: 6.5
vs HKSE:01721: -22.17
FSM Holdings's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
FSM Holdings's Operating Income for the
six
months ended in Jun. 2025 was HK$-3.38 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2025 was HK$-20.82 Mil.
Warning Sign:
FSM Holdings Ltd had lost money in 67% of the time over the past 3quarters.
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.
FSM Holdings Operating Margin % Related Terms
FSM Holdings Operating Margin % Historical Data
* Premium members only.
The historical data trend for FSM 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:01721 vs ATI, CRS, MLI: Operating Margin % Comparison
For the Metal Fabrication subindustry, FSM 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.
FSM Holdings Operating Margin % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FSM Holdings's Operating Margin % distribution charts can be found below:
* The bar in red indicates where FSM 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.
FSM Holdings's Operating Margin % for the fiscal year that ended in Dec. 2024 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.
FSM Holdings (HKSE:01721) has a Operating Margin % of -6.92% as of Jun. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on FSM Holdings and its competitors.
Is FSM Holdings' Operating Margin % too high?
FSM Holdings' current Operating Margin % is -6.92%. Overall, FSM Holdings has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does FSM Holdings' Operating Margin % compare to ATI and CRS?
FSM Holdings' Operating Margin % of -6.92% can be compared against companies in the Industrial Products industry. The industry median Operating Margin % is 6.50. 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 an Industrial Products company?
The median Operating Margin % among Industrial Products companies is 6.50, based on 3,033 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. 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 FSM Holdings and its competitors. For the Industrial Products industry, the median Operating Margin % is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSM Holdings's current Operating Margin % is -6.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSM Holdings stock overvalued right now?
FSM Holdings (HKSE:01721) has a current Operating Margin % of -6.92%. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.14 — trading 62.2% below its estimated fair value. The current Operating Margin % is -6.92%. FSM Holdings' overall GF Score™ is 44/100 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 FSM Holdings (HKSE:01721), the current Operating Margin % is -6.92% as of Jun. 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 FSM Holdings (HKSE:01721) Overvalued in 2026?
Based on GuruFocus' analysis, FSM Holdings stock appears to be undervalued.
The current stock price of HK$0.14 is trading 62.2% below its estimated GF Value™ of HK$0.37.
Key valuation signals for HKSE:01721:
Operating Margin %: -6.92%
GF Value™: HK$0.37 vs. price of HK$0.14 (62.2% below fair value)
No single metric tells the full story. See the HKSE:01721 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSM Holdings Ltd is an investment holding company engaged in manufacturing sheet metal fabrication with a focus on precision engineering, precision machining service and provision of posttreatment processes; and online business in developing, distributing and operating online mobile games. The group has two business segments, namely the manufacturing business and the online business. Under the manufacturing business segment, it engages in sheet metal fabrication with a focus on precision engineering and precision machining services with production facilities based in Singapore and Malaysia. The group has established a dedicated development team in the online business segment, concentrating on crafting mobile games for all audience.
44GF Score
Get the complete analysis for HKSE:01721
Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01721 has been successfully added to your 
