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KCE Electronics PCLBKK:KCE-R 69 Capex-to-Operating-Cash-Flow is 0.32 as of Mar. 2026, which is 28% above its 10-year median of 0.25. GuruFocus rates BKK:KCE-R with a GF Score™ of 69/100 and a GF Value™ of ฿16.33. The stock has 10 warning signs investors should review. Among 1,515 Hardware companies, KCE Electronics PCL ranks better than 61.25% on this metric.
Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
KCE Electronics PCL Capex-to-Operating-Cash-Flow Related Terms
KCE Electronics PCL Capex-to-Operating-Cash-Flow Historical Data
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The historical data trend for KCE Electronics PCL's Capex-to-Operating-Cash-Flow 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.
BKK:KCE-R vs APH, GLW, TEL: Capex-to-Operating-Cash-Flow Comparison
For the Electronic Components subindustry, KCE Electronics PCL's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.
KCE Electronics PCL Capex-to-Operating-Cash-Flow vs Hardware Industry
For the Hardware industry and Technology sector, KCE Electronics PCL's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where KCE Electronics PCL's Capex-to-Operating-Cash-Flow 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.
What does a Capex-to-Operating-Cash-Flow of 0.32 mean?
KCE Electronics PCL (BKK:KCE-R) has a Capex-to-Operating-Cash-Flow of 0.32 as of Mar. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on KCE Electronics PCL and its competitors. This is 28% above median its historical median of 0.25. Over the past decade, KCE Electronics PCL's Capex-to-Operating-Cash-Flow has ranged from 0.11 to 1.00. According to the industry distribution chart, KCE Electronics PCL ranks #587 out of 1515 companies in the Hardware industry, placing it in the top 38.7%.
Is KCE Electronics PCL's Capex-to-Operating-Cash-Flow too high?
KCE Electronics PCL's current Capex-to-Operating-Cash-Flow of 0.32 is 28% above median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 1.00. The Hardware industry median Capex-to-Operating-Cash-Flow is 0.45. KCE Electronics PCL's value of 0.32 is 28.9% below this industry median. Based on the distribution chart, KCE Electronics PCL ranks #587 out of 1515 companies in the Hardware industry, which is above the industry midpoint. Overall, KCE Electronics PCL has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does KCE Electronics PCL's Capex-to-Operating-Cash-Flow compare to APH and GLW?
According to the Hardware industry distribution chart, KCE Electronics PCL ranks #587 out of 1515 companies for Capex-to-Operating-Cash-Flow. This puts KCE Electronics PCL in the upper half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.45. KCE Electronics PCL's value of 0.32 is 28.9% below this benchmark. Historically, KCE Electronics PCL's own Capex-to-Operating-Cash-Flow has ranged from 0.11 to 1.00 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.45, KCE Electronics PCL has consistently been below 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 Capex-to-Operating-Cash-Flow for a Hardware company?
The median Capex-to-Operating-Cash-Flow among Hardware companies is 0.45, based on 1,515 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KCE Electronics PCL's current Capex-to-Operating-Cash-Flow of 0.32 is 28.9% below 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 Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on KCE Electronics PCL and its competitors. For the Hardware industry, the median Capex-to-Operating-Cash-Flow is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KCE Electronics PCL's current Capex-to-Operating-Cash-Flow is 0.32, which is 28% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KCE Electronics PCL stock overvalued right now?
KCE Electronics PCL (BKK:KCE-R) has a current Capex-to-Operating-Cash-Flow of 0.32. The stock's GF Value™ is ฿16.33, compared to a current price of ฿24.00 — trading 47% above its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.32, which is 28% above median its 10-year median of 0.25 and 28.9% below the Hardware industry median of 0.45. KCE Electronics PCL's overall GF Score™ is 69/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For KCE Electronics PCL (BKK:KCE-R), the current Capex-to-Operating-Cash-Flow is 0.32 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 KCE Electronics PCL (BKK:KCE-R) Overvalued in 2026?
Based on GuruFocus' analysis, KCE Electronics PCL stock appears to be overvalued.
The current stock price of ฿24.00 is trading 47% above its estimated GF Value™ of ฿16.33.
Key valuation signals for BKK:KCE-R:
Capex-to-Operating-Cash-Flow: 0.32 (28% above median its 10-year median of 0.25)
GF Value™: ฿16.33 vs. price of ฿24.00 (47% above fair value)
Industry Position: 28.9% below the Hardware median (#587 of 1515)
No single metric tells the full story. See the BKK:KCE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KCE Electronics PCL and its subsidiaries manufacture and distribute printed circuit boards. The company is based in Thailand but earns the majority of its revenue internationally. It has three segments: Manufacturing and distributing of Prepreg and Laminate; Manufacturing and distributing of Printed Circuit Board; and Manufacturing and distributing of Chemical. The company manufactures printed circuit boards that are used in a variety of industries, including automotive, computer, industrial, and telecommunications systems. The company also manufactures and distributes chemicals and laminate products. The majority of its revenue is earned in Europe.
69GF Score
Get the complete analysis for BKK:KCE-R
Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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