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HKSE:02528's EV-to-FCF is ranked better than 91.9% of 778
companies
in the Retail - Cyclical industry
Industry Median: 13.445
vs HKSE:02528: 2.68
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.
Forward Fashion (International) Holdings Co (HKSE:02528) 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.
Forward Fashion (International) Holdings Co's PE Ratio (TTM) for today is calculated as:
Forward Fashion (International) Holdings Co's share price for today is HK$0.92.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Forward Fashion (International) Holdings Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0.140.
* 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.
Forward Fashion (International) Holdings Co EV-to-FCF Related Terms
Forward Fashion (International) Holdings Co EV-to-FCF Historical Data
* 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.
Forward Fashion (International) Holdings Co EV-to-FCF Chart
Forward Fashion (International) Holdings Co Annual Data
HKSE:02528 vs TJX, ROST, BURL: EV-to-FCF Comparison
For the Apparel Retail subindustry, Forward Fashion (International) Holdings Co'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.
Forward Fashion (International) Holdings Co EV-to-FCF vs Retail - Cyclical Industry
Forward Fashion (International) Holdings Co's current Enterprise Value is HK$428.5 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Forward Fashion (International) Holdings Co's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$160.0 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.
Forward Fashion (International) Holdings Co (HKSE:02528) has a EV-to-FCF of 2.68 as of Aug. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Forward Fashion (International) Holdings Co and its competitors. This is 23% above median its historical median of 2.18. Over the past decade, Forward Fashion (International) Holdings Co's EV-to-FCF has ranged from 1.14 to 5.55. According to the industry distribution chart, Forward Fashion (International) Holdings Co ranks #63 out of 778 companies in the Retail - Cyclical industry, placing it in the top 8.1%.
Is Forward Fashion (International) Holdings Co's EV-to-FCF too high?
Forward Fashion (International) Holdings Co's current EV-to-FCF of 2.68 is 23% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 5.55. The Retail - Cyclical industry median EV-to-FCF is 13.45. Forward Fashion (International) Holdings Co's value of 2.68 is 80.1% below this industry median. Based on the distribution chart, Forward Fashion (International) Holdings Co ranks #63 out of 778 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Forward Fashion (International) Holdings Co has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Fashion (International) Holdings Co's EV-to-FCF compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Forward Fashion (International) Holdings Co ranks #63 out of 778 companies for EV-to-FCF. This places Forward Fashion (International) Holdings Co in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 13.45. Forward Fashion (International) Holdings Co's value of 2.68 is 80.1% below this benchmark. Historically, Forward Fashion (International) Holdings Co's own EV-to-FCF has ranged from 1.14 to 5.55 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 13.45, Forward Fashion (International) Holdings Co 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 Retail - Cyclical company?
The median EV-to-FCF among Retail - Cyclical companies is 13.45, based on 778 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. Forward Fashion (International) Holdings Co's current EV-to-FCF of 2.68 is 80.1% 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 Forward Fashion (International) Holdings Co and its competitors. For the Retail - Cyclical industry, the median EV-to-FCF is 13.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Fashion (International) Holdings Co's current EV-to-FCF is 2.68, which is 23% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Fashion (International) Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co (HKSE:02528) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.92 — trading 283.3% above its estimated fair value. The current EV-to-FCF is 2.68, which is 23% above median its 10-year median of 2.18 and 80.1% below the Retail - Cyclical industry median of 13.45. Forward Fashion (International) Holdings Co's overall GF Score™ is 43/100 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 Forward Fashion (International) Holdings Co (HKSE:02528), the current EV-to-FCF is 2.68 as of Aug. 07, 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 Forward Fashion (International) Holdings Co (HKSE:02528) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Fashion (International) Holdings Co stock appears to be overvalued.
The current stock price of HK$0.92 is trading 283.3% above its estimated GF Value™ of HK$0.24.
GuruFocus considers Forward Fashion (International) Holdings Co to be Significantly Overvalued.
Key valuation signals for HKSE:02528:
EV-to-FCF: 2.68 (23% above median its 10-year median of 2.18)
GF Value™: HK$0.24 vs. price of HK$0.92 (283.3% above fair value)
Industry Position: 80.1% below the Retail - Cyclical median (#63 of 778)
No single metric tells the full story. See the HKSE:02528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forward Fashion (International) Holdings Co Ltd is engaged in the retail and wholesale of fashion apparel of international brands through its multi-brand and multi-store business model in the Chinese Mainland, Macau, and Hong Kong. The group also provides store management services for fashion brands and catering services in Macau. Its portfolio includes brands such as BLACK BARRETT, Calvin Klein, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger, Under Armour, and others. It operates across three geographical segments: the Chinese Mainland, Macau, and Hong Kong and others, with Macau contributing the majority of the Group's revenue.
43GF Score
Get the complete analysis for HKSE:02528
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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