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HKSE:03688'
s EV-to-FCF Range Over the Past 10 Years
Min: -1474.97 Med: -1.68 Max: 51.01
Current: 45.75
During the past 13 years, the highest EV-to-FCF of Top Spring International Holdings was 51.01. The lowest was -1474.97. And the median was -1.68.
HKSE:03688's EV-to-FCF is ranked worse than 77.62% of 1099
companies
in the Real Estate industry
Industry Median: 18.78
vs HKSE:03688: 45.75
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.
Top Spring International Holdings (HKSE:03688) 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.
Top Spring International Holdings's PE Ratio (TTM) for today is calculated as:
Top Spring International Holdings's share price for today is HK$0.19.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Top Spring International Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-1.900.
* 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.
Top Spring International Holdings EV-to-FCF Related Terms
Top Spring International Holdings 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.
Top Spring International Holdings EV-to-FCF Competitor Comparison
For the Real Estate - Development subindustry, Top Spring International Holdings'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.
Top Spring International Holdings EV-to-FCF vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Top Spring International Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Top Spring International Holdings's EV-to-FCF falls into.
Top Spring International Holdings's current Enterprise Value is HK$4,709 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Top Spring International Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$103 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.
Top Spring International Holdings (HKSE:03688) has a EV-to-FCF of 45.75 as of Sep. 07, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Top Spring International Holdings and its competitors. According to the industry distribution chart, Top Spring International Holdings ranks #853 out of 1099 companies in the Real Estate industry, placing it in the top 77.6%.
Is Top Spring International Holdings' EV-to-FCF too high?
Top Spring International Holdings' current EV-to-FCF is 45.75. The Real Estate industry median EV-to-FCF is 18.78. Top Spring International Holdings' value of 45.75 is 143.6% above this industry median. Based on the distribution chart, Top Spring International Holdings ranks #853 out of 1099 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Top Spring International Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Top Spring International Holdings' EV-to-FCF compare to competitors?
According to the Real Estate industry distribution chart, Top Spring International Holdings ranks #853 out of 1099 companies for EV-to-FCF. This places Top Spring International Holdings in the lower half of its industry. The industry median EV-to-FCF is 18.78. Top Spring International Holdings' value of 45.75 is 143.6% above this benchmark. 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 Real Estate company?
The median EV-to-FCF among Real Estate companies is 18.78, based on 1,099 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. Top Spring International Holdings's current EV-to-FCF of 45.75 is 143.6% above 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 Top Spring International Holdings and its competitors. For the Real Estate industry, the median EV-to-FCF is 18.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Spring International Holdings's current EV-to-FCF is 45.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Spring International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Top Spring International Holdings (HKSE:03688) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.36, compared to a current price of HK$0.19 — trading 47.2% below its estimated fair value. The current EV-to-FCF is 45.75 and 143.6% above the Real Estate industry median of 18.78. Top Spring International Holdings' overall GF Score™ is 36/100 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 Top Spring International Holdings (HKSE:03688), the current EV-to-FCF is 45.75 as of Sep. 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 Top Spring International Holdings (HKSE:03688) Overvalued in 2026?
Based on GuruFocus' analysis, Top Spring International Holdings stock appears to be undervalued.
The current stock price of HK$0.19 is trading 47.2% below its estimated GF Value™ of HK$0.36.
GuruFocus considers Top Spring International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:03688:
EV-to-FCF: 45.75
GF Value™: HK$0.36 vs. price of HK$0.19 (47.2% below fair value)
Industry Position: 143.6% above the Real Estate median (#853 of 1099)
No single metric tells the full story. See the HKSE:03688 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Top Spring International Holdings Ltd is an investment holding engaged in property development, property investment, property management and related services, and education-related services in the People's Republic of China. It generates the majority of its revenue from the Property development segment which develops and sells residential and commercial properties. Geographically the company has a presence in PRC, Hong Kong, and others, with key revenue coming from PRC.
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