Thanks for this, @gragou02.I did not realise that NCK had the...

Thanks for this, @gragou02.

I did not realise that NCK had the best net margin of all these companies.
Perhaps also due to a large part of leasing in their business.

This table also confirms that Step One and EZZ Life Science have really high margin (GM of 80 %+).
I suspect that the gross margin is also a function of the share of own products (100 % for Lovisa, Step One and EZZ, but much less for JB Hifi and SSG).

Regarding Step One and EZZ, they are very recent companies (STP created in 2017, EZZ even more recent), which had some accidents since their listing in 2021.
So it looks logical that the market remains cautious about these companies.