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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Time Watch Investments's Enterprise Value is HK$-658.4 Mil.
Time Watch Investments's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$57.3 Mil. Therefore, Time Watch Investments's EV-to-FCF for today is -11.48.
The historical rank and industry rank for Time Watch Investments's EV-to-FCF or its related term are showing as below:
HKSE:02033'
s EV-to-FCF Range Over the Past 10 Years
Min: -13.92 Med: 2.57 Max: 6.21
Current: -11.48
During the past 13 years, the highest EV-to-FCF of Time Watch Investments was 6.21. The lowest was -13.92. And the median was 2.57.
HKSE:02033's EV-to-FCF is ranked better than 99.37% of 639
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 14.89
vs HKSE:02033: -11.48
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.
Time Watch Investments (HKSE:02033) 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.
Time Watch Investments's PE Ratio (TTM) for today is calculated as:
Time Watch Investments's share price for today is HK$0.233.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Time Watch Investments's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-0.022.
* 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.
* 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.
HKSE:02033 vs NKE, DECK, ONON: EV-to-FCF Comparison
For the Footwear & Accessories subindustry, Time Watch Investments'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.
Time Watch Investments EV-to-FCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Time Watch Investments's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Time Watch Investments's EV-to-FCF falls into.
Time Watch Investments's current Enterprise Value is HK$-658.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Time Watch Investments's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$57.3 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.
Time Watch Investments (HKSE:02033) has a EV-to-FCF of -11.48 as of Aug. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Time Watch Investments and its competitors. According to the industry distribution chart, Time Watch Investments ranks #4 out of 639 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 0.59999999999999%.
Is Time Watch Investments' EV-to-FCF too high?
Time Watch Investments' current EV-to-FCF is -11.48. Based on the distribution chart, Time Watch Investments ranks #4 out of 639 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Time Watch Investments has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Time Watch Investments' EV-to-FCF compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Time Watch Investments ranks #4 out of 639 companies for EV-to-FCF. This places Time Watch Investments in the top 1% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.89. 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 Manufacturing - Apparel & Accessories company?
The median EV-to-FCF among Manufacturing - Apparel & Accessories companies is 14.89, based on 639 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. 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 Time Watch Investments and its competitors. For the Manufacturing - Apparel & Accessories industry, the median EV-to-FCF is 14.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Time Watch Investments's current EV-to-FCF is -11.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Time Watch Investments stock overvalued right now?
Based on GuruFocus' analysis, Time Watch Investments (HKSE:02033) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.23 — trading 1.3% above its estimated fair value. The current EV-to-FCF is -11.48. Time Watch Investments' overall GF Score™ is 43/100 with 4 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 Time Watch Investments (HKSE:02033), the current EV-to-FCF is -11.48 as of Aug. 24, 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 Time Watch Investments (HKSE:02033) Overvalued in 2026?
Based on GuruFocus' analysis, Time Watch Investments stock appears to be overvalued.
The current stock price of HK$0.23 is trading 1.3% above its estimated GF Value™ of HK$0.23.
GuruFocus considers Time Watch Investments to be Fairly Valued.
Key valuation signals for HKSE:02033:
EV-to-FCF: -11.48
GF Value™: HK$0.23 vs. price of HK$0.23 (1.3% above fair value)
No single metric tells the full story. See the HKSE:02033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Time Watch Investments Ltd is an investment holding company that operates as a manufacturer, brand-owner, and retailer of watches in the People's Republic of China (PRC). The company operates through following segments: Tian Wang Watch Business, Watch Movements Trading Business, and Other Brands (PRC) Business. The company generates maximum revenue from the Tian Wang Watch Business that involves manufacturing, the wholesale and retail business of owned brand watches, Tian Wang Watch. Its geographical segments include the PRC, which is the key revenue generator, and the Asia Pacific.
43GF Score
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