China Starch Holdings (HKSE:03838) Enterprise Value: HK$633 Mil (As of Sep. 11, 2026) ***

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.

HKSE:03838 China Starch Holdings Ltd HKSE:03838
56 GF Score
Price HK$0.18
GF Value HK$0.16
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is China Starch Holdings Enterprise Value?

China Starch Holdings HKSE:03838 +1.72% 56 Enterprise Value is HK$633 Mil as of Sep. 11, 2026. GuruFocus rates HKSE:03838 with a GF Score™ of 56/100 and a GF Value™ of HK$0.16 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, China Starch Holdings's Enterprise Value is HK$633 Mil. China Starch Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-33 Mil. Therefore, China Starch Holdings's EV-to-EBIT ratio for today is -19.42.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, China Starch Holdings's Enterprise Value is HK$633 Mil. China Starch Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$15 Mil. Therefore, China Starch Holdings's EV-to-EBITDA ratio for today is 41.27.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, China Starch Holdings's Enterprise Value is HK$633 Mil. China Starch Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$11,271 Mil. Therefore, China Starch Holdings's EV-to-Revenue ratio for today is 0.06.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, China Starch Holdings's Enterprise Value is HK$633 Mil. China Starch Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$331 Mil. Therefore, China Starch Holdings's EV-to-OCF ratio for today is 1.91.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, China Starch Holdings's Enterprise Value is HK$633 Mil. China Starch Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-68 Mil. Therefore, China Starch Holdings's EV-to-FCF ratio for today is -9.27.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


China Starch Holdings  (HKSE:03838) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

China Starch Holdings's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=633.033/-32.602
=-19.42

China Starch Holdings's current Enterprise Value is HK$633 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Starch Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-33 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

China Starch Holdings's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=633.033/15.337
=41.27

China Starch Holdings's current Enterprise Value is HK$633 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Starch Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$15 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

China Starch Holdings's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=633.033/11270.886
=0.06

China Starch Holdings's current Enterprise Value is HK$633 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Starch Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$11,271 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

China Starch Holdings's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=633.033/331.202
=1.91

China Starch Holdings's current Enterprise Value is HK$633 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Starch Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$331 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

China Starch Holdings's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=633.033/-68.294
=-9.27

China Starch Holdings's current Enterprise Value is HK$633 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. China Starch Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-68 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.


China Starch Holdings Enterprise Value Related Terms


China Starch Holdings Enterprise Value Historical Data

* Premium members only.

The historical data trend for China Starch Holdings's Enterprise Value 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.

China Starch Holdings Enterprise Value Chart

China Starch Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 475.28 838.87 783.85 749.55 684.72

China Starch Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Enterprise Value 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 297.35 749.55 1,021.46 684.72 550.67

HKSE:03838 vs KHC, GIS: Enterprise Value Comparison

For the Packaged Foods subindustry, China Starch Holdings's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


China Starch Holdings Enterprise Value vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Starch Holdings's Enterprise Value distribution charts can be found below:

* The bar in red indicates where China Starch Holdings's Enterprise Value falls into.


HKSE:03838
56GF Score
China Starch Holdings Ltd HKSE:03838
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Starch Holdings Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

China Starch Holdings's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

China Starch Holdings's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of HK$633 Mil mean?
China Starch Holdings (HKSE:03838) has a Enterprise Value of HK$633 Mil as of Sep. 11, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on China Starch Holdings and its competitors.
Is China Starch Holdings' Enterprise Value too high?
China Starch Holdings' current Enterprise Value is HK$633 Mil. Overall, China Starch Holdings has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Starch Holdings' Enterprise Value compare to KHC and GIS?
China Starch Holdings' Enterprise Value of HK$633 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Consumer Packaged Goods company?
A good Enterprise Value depends on the Consumer Packaged Goods industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on China Starch Holdings and its competitors. China Starch Holdings's current Enterprise Value is HK$633 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Starch Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Starch Holdings (HKSE:03838) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.16, compared to a current price of HK$0.18 — trading 10.6% above its estimated fair value. The current Enterprise Value is HK$633 Mil. China Starch Holdings' overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For China Starch Holdings (HKSE:03838), the current Enterprise Value is HK$633 Mil as of Sep. 11, 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 China Starch Holdings (HKSE:03838) Overvalued in 2026?

Based on GuruFocus' analysis, China Starch Holdings stock appears to be overvalued. The current stock price of HK$0.18 is trading 10.6% above its estimated GF Value™ of HK$0.16. GuruFocus considers China Starch Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:03838:

  • Enterprise Value: HK$633 Mil
  • GF Value™: HK$0.16 vs. price of HK$0.18 (10.6% above fair value)
  • GF Score™: 56/100 with 7 warning signs

No single metric tells the full story. See the HKSE:03838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Starch Holdings Business Description

Address 39 Gloucester Road, Room 1101-1104, 11th Floor, Harcourt House, Wanchai, Hong Kong, HKG
China Starch Holdings Ltd principal activity of the Company is investment holding. The Company manufacture and sales of cornstarch, lysine, starch-based sweetener, modified starch and its related products. The group has two segments Upstream products which manufacture and sales of cornstarch and ancillary corn-refined products, and Fermented and downstream products which manufacture and sales of lysine, starch-based sweetener, modified starch and other products. Majority of revenue comes from Upstream Products. The Group's is predominately attributable to a single geographical region, which is the PRC.
56GF Score

Get the complete analysis for HKSE:03838

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

HK$0.18
Price
HK$0.16
GF Value