Deep Source Holdings (FRA:TM4C) Selling, General, & Admin. Expense: €44 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:TM4C Deep Source Holdings Ltd FRA:TM4C
53 GF Score
Price €0.06
GF Value €0.02
! 7 Warning Signs
View Full Analysis

What is Deep Source Holdings Selling, General, & Admin. Expense?

Deep Source Holdings FRA:TM4C 53 Selling, General, & Admin. Expense is €44 Mil as of Dec. 2025. GuruFocus rates FRA:TM4C with a GF Score™ of 53/100 and a GF Value™ of €0.02. The stock has 7 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Deep Source Holdings's selling, general, & admin. expense for the six months ended in Dec. 2025 was €27 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was €44 Mil.


Deep Source Holdings  (FRA:TM4C) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Deep Source Holdings Selling, General, & Admin. Expense Related Terms


Deep Source Holdings Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Deep Source Holdings's Selling, General, & Admin. Expense 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.

Deep Source Holdings Selling, General, & Admin. Expense Chart

Deep Source Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.79 54.59 54.52 59.78 43.56

Deep Source Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Selling, General, & Admin. Expense 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 40.01 22.19 36.86 17.05 26.63

FRA:TM4C vs NUE, STLD, RS: Selling, General, & Admin. Expense Comparison

For the Steel subindustry, Deep Source Holdings's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Deep Source Holdings Selling, General, & Admin. Expense vs Steel Industry

For the Steel industry and Basic Materials sector, Deep Source Holdings's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Deep Source Holdings's Selling, General, & Admin. Expense falls into.


FRA:TM4C
53GF Score
Deep Source Holdings Ltd FRA:TM4C
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deep Source Holdings Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €44 Mil.

* 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.

What does a Selling, General, & Admin. Expense of €44 Mil mean?
Deep Source Holdings (FRA:TM4C) has a Selling, General, & Admin. Expense of €44 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Deep Source Holdings and its competitors.
Is Deep Source Holdings' Selling, General, & Admin. Expense too high?
Deep Source Holdings' current Selling, General, & Admin. Expense is €44 Mil. Overall, Deep Source Holdings has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Deep Source Holdings' Selling, General, & Admin. Expense compare to NUE and STLD?
Deep Source Holdings' Selling, General, & Admin. Expense of €44 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Steel company?
A good Selling, General, & Admin. Expense depends on the Steel industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Deep Source Holdings and its competitors. Deep Source Holdings's current Selling, General, & Admin. Expense is €44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deep Source Holdings stock overvalued right now?
Deep Source Holdings (FRA:TM4C) has a current Selling, General, & Admin. Expense of €44 Mil. The stock's GF Value™ is €0.02, compared to a current price of €0.06 — trading 185% above its estimated fair value. The current Selling, General, & Admin. Expense is €44 Mil. Deep Source Holdings' overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Deep Source Holdings (FRA:TM4C), the current Selling, General, & Admin. Expense is €44 Mil 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 Deep Source Holdings (FRA:TM4C) Overvalued in 2026?

Based on GuruFocus' analysis, Deep Source Holdings stock appears to be overvalued. The current stock price of €0.06 is trading 185% above its estimated GF Value™ of €0.02.

Key valuation signals for FRA:TM4C:

  • Selling, General, & Admin. Expense: €44 Mil
  • GF Value™: €0.02 vs. price of €0.06 (185% above fair value)
  • GF Score™: 53/100 with 7 warning signs

No single metric tells the full story. See the FRA:TM4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deep Source Holdings Business Description

Other Exchanges 00990:Hong Kong
Address 168-200 Connaught Road Central, Unit 3401-03, 34th Floor, China Merchants Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG
Deep Source Holdings Ltd and its subsidiaries are principally engaged in two business segments. The distribution, trading, and processing business segment involves the distribution, trading, and processing of bulk commodities and related products in Hong Kong, Singapore, and the People's Republic of China. Financial services business segment that involves the provision of securities and derivatives financial services, margin financing, and fund management in Hong Kong and Singapore. It generates a vast majority of revenues from the distribution, trading, and processing segment in Singapore.
53GF Score

Get the complete analysis for FRA:TM4C

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.06
Price
€0.02
GF Value