Cortina Holdings (SGX:C41) Operating Margin %: 16.28% (As of Mar. 2026) — 27% Above Median

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SGX:C41 Cortina Holdings Ltd SGX:C41
95 GF Score
Price S$3.84
GF Value S$3.89
Valuation Fairly Valued
! 7 Warning Signs
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What is Cortina Holdings Operating Margin %?

Cortina Holdings SGX:C41 95 Operating Margin % is 16.28% as of Mar. 2026, which is 27% above its 10-year median of 12.84. GuruFocus rates SGX:C41 with a GF Score™ of 95/100 and a GF Value™ of S$3.89 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Cortina Holdings ranks better than 90.44% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Cortina Holdings's Operating Income for the six months ended in Mar. 2026 was S$83.1 Mil. Cortina Holdings's Revenue for the six months ended in Mar. 2026 was S$510.3 Mil. Therefore, Cortina Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 16.28%.

Warning Sign:

Cortina Holdings Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -7.9%.

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

SGX:C41' s Operating Margin % Range Over the Past 10 Years
Min: 8.52   Med: 12.84   Max: 18.64
Current: 15.9


SGX:C41's Operating Margin % is ranked better than
90.44% of 1130 companies
in the Retail - Cyclical industry
Industry Median: 3.905 vs SGX:C41: 15.90

Cortina Holdings's 5-Year Average Operating Margin % Growth Rate was -7.90% per year.

Cortina Holdings's Operating Income for the six months ended in Mar. 2026 was S$83.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was S$155.7 Mil.


Cortina Holdings  (SGX:C41) 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.


Cortina Holdings Operating Margin % Related Terms


Cortina Holdings Operating Margin % Historical Data

* Premium members only.

The historical data trend for Cortina 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.

Cortina Holdings Operating Margin % Chart

Cortina Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.64 14.99 13.37 12.31 12.17

Cortina Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 17.39 15.83 16.20 15.50 16.28

SGX:C41 vs TPR: Operating Margin % Comparison

For the Luxury Goods subindustry, Cortina 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.


Cortina Holdings Operating Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cortina Holdings's Operating Margin % distribution charts can be found below:

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


SGX:C41
95GF Score
Cortina Holdings Ltd SGX:C41
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cortina 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.

Cortina Holdings's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=119.093 / 978.968
=12.17 %

Cortina Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=83.067 / 510.251
=16.28 %

* 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 16.28% mean?
Cortina Holdings (SGX:C41) has a Operating Margin % of 16.28% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Cortina Holdings and its competitors. This is 27% above median its historical median of 12.84. Over the past decade, Cortina Holdings' Operating Margin % has ranged from 8.52 to 18.64. According to the industry distribution chart, Cortina Holdings ranks #108 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 9.6%.
Is Cortina Holdings' Operating Margin % too high?
Cortina Holdings' current Operating Margin % of 16.28% is 27% above median its 10-year median of 12.84. Over the past 10 years, this metric has ranged from a low of 8.52 to a high of 18.64. The Retail - Cyclical industry median Operating Margin % is 3.91. Cortina Holdings' value of 16.28% is 316.9% above this industry median. Based on the distribution chart, Cortina Holdings ranks #108 out of 1130 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Cortina Holdings has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cortina Holdings' Operating Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, Cortina Holdings ranks #108 out of 1130 companies for Operating Margin %. This places Cortina Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.91. Cortina Holdings' value of 16.28% is 316.9% above this benchmark. Historically, Cortina Holdings' own Operating Margin % has ranged from 8.52 to 18.64 over the past decade. While the company's 10-year median is 12.84 vs. the industry median of 3.91, Cortina Holdings 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 3.91, based on 1,130 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. Cortina Holdings's current Operating Margin % of 16.28% is 316.9% 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 Cortina Holdings and its competitors. For the Retail - Cyclical 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. Cortina Holdings's current Operating Margin % is 16.28%, which is 27% above median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cortina Holdings stock overvalued right now?
Based on GuruFocus' analysis, Cortina Holdings (SGX:C41) is currently considered Fairly Valued. The stock's GF Value™ is S$3.89, compared to a current price of S$3.84 — trading 1.3% below its estimated fair value. The current Operating Margin % is 16.28%, which is 27% above median its 10-year median of 12.84 and 316.9% above the Retail - Cyclical industry median of 3.91. Cortina Holdings' overall GF Score™ is 95/100 with 7 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 Cortina Holdings (SGX:C41), the current Operating Margin % is 16.28% 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 Cortina Holdings (SGX:C41) Overvalued in 2026?

Based on GuruFocus' analysis, Cortina Holdings stock appears to be undervalued. The current stock price of S$3.84 is trading 1.3% below its estimated GF Value™ of S$3.89. GuruFocus considers Cortina Holdings to be Fairly Valued.

Key valuation signals for SGX:C41:

  • Operating Margin %: 16.28% (27% above median its 10-year median of 12.84)
  • GF Value™: S$3.89 vs. price of S$3.84 (1.3% below fair value)
  • GF Score™: 95/100 with 7 warning signs
  • Industry Position: 316.9% above the Retail - Cyclical median (#108 of 1130)

No single metric tells the full story. See the SGX:C41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cortina Holdings Business Description

Address 391B Orchard Road, No. 18-01 Ngee Ann City Tower B, Singapore, SGP, 238874
Cortina Holdings Ltd is engaged in the retail and distribution of luxury watches. It operates in two segments, namely Retail and Wholesale. The retail segment, which derives the majority of revenue, involves in retailing of the timepiece, branded pens, and accessories. The wholesale segment is involved in the wholesale of timepieces and luxury branded accessories. Its brands include brands, such as Rolex, Patek Philippe, Cartier, Chopard, H. Moser & Cie, Parmigiani Fleurier, Omega, and more.
95GF Score

Get the complete analysis for SGX:C41

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

S$3.84
Price
S$3.89
GF Value