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Asiaray Media GroupHKSE:01993 +6.38%32 EV-to-FCF is 2.73 as of Aug. 05, 2026, which is 45% below its 10-year median of 4.97. GuruFocus rates HKSE:01993 with a GF Score™ of 32/100 and a GF Value™ of HK$0.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 609 Media - Diversified companies, Asiaray Media Group ranks better than 85.88% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Asiaray Media Group's Enterprise Value is HK$1,256 Mil.
Asiaray Media Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$461 Mil. Therefore, Asiaray Media Group's EV-to-FCF for today is 2.73.
The historical rank and industry rank for Asiaray Media Group's EV-to-FCF or its related term are showing as below:
HKSE:01993'
s EV-to-FCF Range Over the Past 10 Years
Min: -26.02 Med: 4.97 Max: 39.49
Current: 2.73
During the past 13 years, the highest EV-to-FCF of Asiaray Media Group was 39.49. The lowest was -26.02. And the median was 4.97.
HKSE:01993's EV-to-FCF is ranked better than 85.88% of 609
companies
in the Media - Diversified industry
Industry Median: 11.91
vs HKSE:01993: 2.73
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Asiaray Media Group (HKSE:01993) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Asiaray Media Group's PE Ratio (TTM) for today is calculated as:
Asiaray Media Group's share price for today is HK$0.50.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asiaray Media Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0.004.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Asiaray Media Group EV-to-FCF Related Terms
Asiaray Media Group EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Asiaray Media Group's EV-to-FCF 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.
For the Advertising Agencies subindustry, Asiaray Media Group's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Asiaray Media Group EV-to-FCF vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Asiaray Media Group's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Asiaray Media Group's EV-to-FCF falls into.
Asiaray Media Group's current Enterprise Value is HK$1,256 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asiaray Media Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$461 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.
Asiaray Media Group (HKSE:01993) has a EV-to-FCF of 2.73 as of Aug. 05, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Asiaray Media Group and its competitors. This is 45% below median its historical median of 4.97. According to the industry distribution chart, Asiaray Media Group ranks #86 out of 609 companies in the Media - Diversified industry, placing it in the top 14.1%.
Is Asiaray Media Group's EV-to-FCF too high?
Asiaray Media Group's current EV-to-FCF of 2.73 is 45% below median its 10-year median of 4.97. The Media - Diversified industry median EV-to-FCF is 11.91. Asiaray Media Group's value of 2.73 is 77.1% below this industry median. Based on the distribution chart, Asiaray Media Group ranks #86 out of 609 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Asiaray Media Group has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asiaray Media Group's EV-to-FCF compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Asiaray Media Group ranks #86 out of 609 companies for EV-to-FCF. This places Asiaray Media Group in the top 14% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 11.91. Asiaray Media Group's value of 2.73 is 77.1% below this benchmark. While the company's 10-year median is 4.97 vs. the industry median of 11.91, Asiaray Media Group 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 EV-to-FCF for a Media - Diversified company?
The median EV-to-FCF among Media - Diversified companies is 11.91, based on 609 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asiaray Media Group's current EV-to-FCF of 2.73 is 77.1% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Asiaray Media Group and its competitors. For the Media - Diversified industry, the median EV-to-FCF is 11.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asiaray Media Group's current EV-to-FCF is 2.73, which is 45% below median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asiaray Media Group stock overvalued right now?
Based on GuruFocus' analysis, Asiaray Media Group (HKSE:01993) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.56, compared to a current price of HK$0.50 — trading 10.7% below its estimated fair value. The current EV-to-FCF is 2.73, which is 45% below median its 10-year median of 4.97 and 77.1% below the Media - Diversified industry median of 11.91. Asiaray Media Group's overall GF Score™ is 32/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Asiaray Media Group (HKSE:01993), the current EV-to-FCF is 2.73 as of Aug. 05, 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 Asiaray Media Group (HKSE:01993) Overvalued in 2026?
Based on GuruFocus' analysis, Asiaray Media Group stock appears to be undervalued.
The current stock price of HK$0.50 is trading 10.7% below its estimated GF Value™ of HK$0.56.
GuruFocus considers Asiaray Media Group to be Modestly Undervalued.
Key valuation signals for HKSE:01993:
EV-to-FCF: 2.73 (45% below median its 10-year median of 4.97)
GF Value™: HK$0.56 vs. price of HK$0.50 (10.7% below fair value)
Industry Position: 77.1% below the Media - Diversified median (#86 of 609)
No single metric tells the full story. See the HKSE:01993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asiaray Media Group Ltd is an investment holding company. Along with its subsidiaries, it operates as an out-of-home media company in Greater China with a strategic focus on mega transport advertising media management, including airport, metro line, and high-speed rail line, etc. The Group's operating segments are: Airports business, Metro and billboards business, and Bus and other business. Maximum revenue is generated from the Metro and billboards business, which is involved in the operation of advertising services in metro lines and billboards, and building solutions. Geographically, the Group generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong and other regions.
32GF Score
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