Independent Capital AGHAM:I8CK 44 Pretax Margin % is 100.80% as of Dec. 2024, which is 17% above its 10-year median of 86.33. GuruFocus rates HAM:I8CK with a GF Score™ of 44/100 and a GF Value™ of €5.09 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,572 Asset Management companies, Independent Capital AG ranks better than 83.91% on this metric.
The historical rank and industry rank for Independent Capital AG's Pretax Margin % or its related term are showing as below:
HAM:I8CK'
s Pretax Margin % Range Over the Past 10 Years
Min: -326.67 Med: 86.33 Max: 307.94
Current: 100.8
HAM:I8CK's Pretax Margin % is ranked better than 83.91% of 1572
companies
in the Asset Management industry
Industry Median: 89.835
vs HAM:I8CK: 100.80
Independent Capital AG (HAM:I8CK) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Independent Capital AG Pretax Margin % Related Terms
Independent Capital AG Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Independent Capital AG's Pretax 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.
HAM:I8CK vs BLK, BX, KKR: Pretax Margin % Comparison
For the Asset Management subindustry, Independent Capital AG's Pretax Margin %, along with its competitors' market caps and Pretax 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.
Independent Capital AG Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Independent Capital AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Independent Capital AG's Pretax Margin % falls into.
* 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.
Independent Capital AG (HAM:I8CK) has a Pretax Margin % of 100.80% as of Dec. 2024. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Independent Capital AG and its competitors. This is 17% above median its historical median of 86.33. According to the industry distribution chart, Independent Capital AG ranks #253 out of 1572 companies in the Asset Management industry, placing it in the top 16.1%.
Is Independent Capital AG's Pretax Margin % too high?
Independent Capital AG's current Pretax Margin % of 100.80% is 17% above median its 10-year median of 86.33. The Asset Management industry median Pretax Margin % is 89.84. Independent Capital AG's value of 100.80% is 12.2% above this industry median. Based on the distribution chart, Independent Capital AG ranks #253 out of 1572 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Independent Capital AG has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Independent Capital AG's Pretax Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Independent Capital AG ranks #253 out of 1572 companies for Pretax Margin %. This places Independent Capital AG in the top 16% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 89.84. Independent Capital AG's value of 100.80% is 12.2% above this benchmark. While the company's 10-year median is 86.33 vs. the industry median of 89.84, Independent Capital AG 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.84, based on 1,572 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independent Capital AG's current Pretax Margin % of 100.80% is 12.2% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Independent Capital AG and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Capital AG's current Pretax Margin % is 100.80%, which is 17% above median its own 10-year median of 86.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Capital AG stock overvalued right now?
Based on GuruFocus' analysis, Independent Capital AG (HAM:I8CK) is currently considered Possible Value Trap. The stock's GF Value™ is €5.09, compared to a current price of €0.82 — trading 83.9% below its estimated fair value. The current Pretax Margin % is 100.80%, which is 17% above median its 10-year median of 86.33 and 12.2% above the Asset Management industry median of 89.84. Independent Capital AG's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Independent Capital AG (HAM:I8CK), the current Pretax Margin % is 100.80% as of Dec. 2024. 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 Independent Capital AG (HAM:I8CK) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Capital AG stock appears to be undervalued.
The current stock price of €0.82 is trading 83.9% below its estimated GF Value™ of €5.09.
GuruFocus considers Independent Capital AG to be Possible Value Trap.
Key valuation signals for HAM:I8CK:
Pretax Margin %: 100.80% (17% above median its 10-year median of 86.33)
GF Value™: €5.09 vs. price of €0.82 (83.9% below fair value)
Industry Position: 12.2% above the Asset Management median (#253 of 1572)
No single metric tells the full story. See the HAM:I8CK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independent Capital AG is a financing solutions provider. The company follows the crowd-solution principle and supports financing projects across the world by providing comprehensive advice on country-specific funding opportunities.
44GF Score
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