Man King Holdings (HKSE:02193) Operating Margin %: -1.70% (As of Sep. 2025)


HKSE:02193 Man King Holdings Ltd HKSE:02193
41 GF Score
Price HK$0.29
GF Value HK$0.22
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Man King Holdings Operating Margin %?

Man King Holdings HKSE:02193 +7.55% 41 Operating Margin % is -1.70% as of Sep. 2025. GuruFocus rates HKSE:02193 with a GF Score™ of 41/100 and a GF Value™ of HK$0.22 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,762 Construction companies, Man King Holdings ranks worse than 89.95% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Man King Holdings's Operating Income for the six months ended in Sep. 2025 was HK$-3.3 Mil. Man King Holdings's Revenue for the six months ended in Sep. 2025 was HK$190.8 Mil. Therefore, Man King Holdings's Operating Margin % for the quarter that ended in Sep. 2025 was -1.70%.

The historical rank and industry rank for Man King Holdings's Operating Margin % or its related term are showing as below:

HKSE:02193' s Operating Margin % Range Over the Past 10 Years
Min: -15.74   Med: 1.58   Max: 20.13
Current: -12.35


HKSE:02193's Operating Margin % is ranked worse than
89.95% of 1762 companies
in the Construction industry
Industry Median: 5.895 vs HKSE:02193: -12.35

Man King Holdings's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Man King Holdings's Operating Income for the six months ended in Sep. 2025 was HK$-3.3 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was HK$-42.0 Mil.


Man King Holdings  (HKSE:02193) Operating Margin % Explanation

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 Nokia’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.


Man King Holdings Operating Margin % Related Terms


Man King Holdings Operating Margin % Historical Data

* Premium members only.

The historical data trend for Man King 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.

Man King Holdings Operating Margin % Chart

Man King Holdings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 6.03 7.87 -15.74 -11.21

Man King Holdings Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Operating 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 -4.65 -28.15 0.58 -25.98 -1.70

HKSE:02193 vs PWR, FIX, EME: Operating Margin % Comparison

For the Engineering & Construction subindustry, Man King 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.


Man King Holdings Operating Margin % vs Construction Industry

For the Construction industry and Industrials sector, Man King Holdings's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Man King Holdings's Operating Margin % falls into.


HKSE:02193
41GF Score
Man King Holdings Ltd HKSE:02193
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Man King Holdings Operating Margin % Calculation

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.

Man King Holdings's Operating Margin % for the fiscal year that ended in Mar. 2025 is calculated as

Operating Margin %=Operating Income (A: Mar. 2025 ) / Revenue (A: Mar. 2025 )
=-37.635 / 335.702
=-11.21 %

Man King Holdings's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as

Operating Margin %=Operating Income (Q: Sep. 2025 ) / Revenue (Q: Sep. 2025 )
=-3.251 / 190.832
=-1.70 %

* 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 Operating Margin % →
What does a Operating Margin % of -1.70% mean?
Man King Holdings (HKSE:02193) has a Operating Margin % of -1.70% as of Sep. 2025. Operating margin is the ratio of total operating income to net sales. View historical data on Man King Holdings and its competitors. According to the industry distribution chart, Man King Holdings ranks #1585 out of 1762 companies in the Construction industry, placing it in the top 90%.
Is Man King Holdings' Operating Margin % too high?
Man King Holdings' current Operating Margin % is -1.70%. Based on the distribution chart, Man King Holdings ranks #1585 out of 1762 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Man King Holdings has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Man King Holdings' Operating Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Man King Holdings ranks #1585 out of 1762 companies for Operating Margin %. This places Man King Holdings in the lower half of its industry. The industry median Operating Margin % is 5.90. 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 Construction company?
The median Operating Margin % among Construction companies is 5.90, based on 1,762 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 Man King Holdings and its competitors. For the Construction industry, the median Operating Margin % is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Man King Holdings's current Operating Margin % is -1.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man King Holdings stock overvalued right now?
Based on GuruFocus' analysis, Man King Holdings (HKSE:02193) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.29 — trading 29.5% above its estimated fair value. The current Operating Margin % is -1.70%. Man King Holdings' overall GF Score™ is 41/100 with 2 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 Man King Holdings (HKSE:02193), the current Operating Margin % is -1.70% as of Sep. 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 Man King Holdings (HKSE:02193) Overvalued in 2026?

Based on GuruFocus' analysis, Man King Holdings stock appears to be overvalued. The current stock price of HK$0.29 is trading 29.5% above its estimated GF Value™ of HK$0.22. GuruFocus considers Man King Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:02193:

  • Operating Margin %: -1.70%
  • GF Value™: HK$0.22 vs. price of HK$0.29 (29.5% above fair value)
  • GF Score™: 41/100 with 2 warning signs

No single metric tells the full story. See the HKSE:02193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Man King Holdings Business Description

Address 18 Tong Mi Road, Skyline Tower, Unit D, 10th Floor, Mongkok, Kowloon, Hong Kong, HKG
Man King Holdings Ltd is an investment holding company principally engaged in the provision of civil engineering services. It derives prime revenue from civil engineering works. The engineering works undertaken are mainly related to roads and drainage, site formation, and port works.
41GF Score

Get the complete analysis for HKSE:02193

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

HK$0.29
Price
HK$0.22
GF Value