Mudanjiang Hengfeng Paper Co (SHSE:600356) EV-to-FCF: 11.08 (As of Aug. 28, 2026) — 23% Below Median

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.

SHSE:600356 Mudanjiang Hengfeng Paper Co Ltd SHSE:600356
71 GF Score
Price ¥8.79
GF Value ¥8.43
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Mudanjiang Hengfeng Paper Co EV-to-FCF?

Mudanjiang Hengfeng Paper Co SHSE:600356 -0.23% 71 EV-to-FCF is 11.08 as of Aug. 28, 2026, which is 23% below its 10-year median of 14.30. GuruFocus rates SHSE:600356 with a GF Score™ of 71/100 and a GF Value™ of ¥8.43 (Fairly Valued). The stock has 4 warning signs investors should review. Among 151 Forest Products companies, Mudanjiang Hengfeng Paper Co ranks better than 63.58% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Mudanjiang Hengfeng Paper Co's Enterprise Value is ¥3,077 Mil. Mudanjiang Hengfeng Paper Co's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was ¥278 Mil. Therefore, Mudanjiang Hengfeng Paper Co's EV-to-FCF for today is 11.08.

The historical rank and industry rank for Mudanjiang Hengfeng Paper Co's EV-to-FCF or its related term are showing as below:

SHSE:600356' s EV-to-FCF Range Over the Past 10 Years
Min: -425.3   Med: 14.3   Max: 825.8
Current: 11.08

During the past 13 years, the highest EV-to-FCF of Mudanjiang Hengfeng Paper Co was 825.80. The lowest was -425.30. And the median was 14.30.

SHSE:600356's EV-to-FCF is ranked better than
63.58% of 151 companies
in the Forest Products industry
Industry Median: 15.6 vs SHSE:600356: 11.08

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.

As of today (2026-08-28), Mudanjiang Hengfeng Paper Co's stock price is ¥8.79. Mudanjiang Hengfeng Paper Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ¥0.690. Therefore, Mudanjiang Hengfeng Paper Co's PE Ratio (TTM) for today is 12.74.


Mudanjiang Hengfeng Paper Co  (SHSE:600356) 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.

Mudanjiang Hengfeng Paper Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=8.79/0.690
=12.74

Mudanjiang Hengfeng Paper Co's share price for today is ¥8.79.
Mudanjiang Hengfeng Paper Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0.690.

* 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.


Mudanjiang Hengfeng Paper Co EV-to-FCF Related Terms


Mudanjiang Hengfeng Paper Co EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Mudanjiang Hengfeng Paper Co'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.

Mudanjiang Hengfeng Paper Co EV-to-FCF Chart

Mudanjiang Hengfeng Paper Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.26 11.23 26.47 -36.26 21.73

Mudanjiang Hengfeng Paper Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-FCF 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 72.88 -39.56 21.73 22.16 9.42

Mudanjiang Hengfeng Paper Co EV-to-FCF Competitor Comparison

For the Paper & Paper Products subindustry, Mudanjiang Hengfeng Paper 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.


Mudanjiang Hengfeng Paper Co EV-to-FCF vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mudanjiang Hengfeng Paper Co's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Mudanjiang Hengfeng Paper Co's EV-to-FCF falls into.


SHSE:600356
71GF Score
Mudanjiang Hengfeng Paper Co Ltd SHSE:600356
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mudanjiang Hengfeng Paper Co EV-to-FCF Calculation

Mudanjiang Hengfeng Paper Co's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3077.289/277.739
=11.08

Mudanjiang Hengfeng Paper Co's current Enterprise Value is ¥3,077 Mil.
Mudanjiang Hengfeng Paper Co's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥278 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.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 11.08 mean?
Mudanjiang Hengfeng Paper Co (SHSE:600356) has a EV-to-FCF of 11.08 as of Aug. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Mudanjiang Hengfeng Paper Co and its competitors. This is 23% below median its historical median of 14.30. According to the industry distribution chart, Mudanjiang Hengfeng Paper Co ranks #55 out of 151 companies in the Forest Products industry, placing it in the top 36.4%.
Is Mudanjiang Hengfeng Paper Co's EV-to-FCF too high?
Mudanjiang Hengfeng Paper Co's current EV-to-FCF of 11.08 is 23% below median its 10-year median of 14.30. The Forest Products industry median EV-to-FCF is 15.60. Mudanjiang Hengfeng Paper Co's value of 11.08 is 29% below this industry median. Based on the distribution chart, Mudanjiang Hengfeng Paper Co ranks #55 out of 151 companies in the Forest Products industry, which is above the industry midpoint. Overall, Mudanjiang Hengfeng Paper Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mudanjiang Hengfeng Paper Co's EV-to-FCF compare to competitors?
According to the Forest Products industry distribution chart, Mudanjiang Hengfeng Paper Co ranks #55 out of 151 companies for EV-to-FCF. This puts Mudanjiang Hengfeng Paper Co in the upper half of its industry. The industry median EV-to-FCF is 15.60. Mudanjiang Hengfeng Paper Co's value of 11.08 is 29% below this benchmark. While the company's 10-year median is 14.30 vs. the industry median of 15.60, Mudanjiang Hengfeng Paper 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 Forest Products company?
The median EV-to-FCF among Forest Products companies is 15.60, based on 151 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. Mudanjiang Hengfeng Paper Co's current EV-to-FCF of 11.08 is 29% 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 Mudanjiang Hengfeng Paper Co and its competitors. For the Forest Products industry, the median EV-to-FCF is 15.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mudanjiang Hengfeng Paper Co's current EV-to-FCF is 11.08, which is 23% below median its own 10-year median of 14.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mudanjiang Hengfeng Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Mudanjiang Hengfeng Paper Co (SHSE:600356) is currently considered Fairly Valued. The stock's GF Value™ is ¥8.43, compared to a current price of ¥8.79 — trading 4.3% above its estimated fair value. The current EV-to-FCF is 11.08, which is 23% below median its 10-year median of 14.30 and 29% below the Forest Products industry median of 15.60. Mudanjiang Hengfeng Paper Co's overall GF Score™ is 71/100 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 Mudanjiang Hengfeng Paper Co (SHSE:600356), the current EV-to-FCF is 11.08 as of Aug. 28, 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 Mudanjiang Hengfeng Paper Co (SHSE:600356) Overvalued in 2026?

Based on GuruFocus' analysis, Mudanjiang Hengfeng Paper Co stock appears to be overvalued. The current stock price of ¥8.79 is trading 4.3% above its estimated GF Value™ of ¥8.43. GuruFocus considers Mudanjiang Hengfeng Paper Co to be Fairly Valued.

Key valuation signals for SHSE:600356:

  • EV-to-FCF: 11.08 (23% below median its 10-year median of 14.30)
  • GF Value™: ¥8.43 vs. price of ¥8.79 (4.3% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 29% below the Forest Products median (#55 of 151)

No single metric tells the full story. See the SHSE:600356 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mudanjiang Hengfeng Paper Co Business Description

Address No. 11 Hengfeng Road, Yangming District, Heilongjiang Province, Mudanjiang, CHN, 157013
Mudanjiang Hengfeng Paper Co Ltd manufactures cigarette-related papers in China. Its main products include cigarette paper, plug wrap paper, aluminum foil backing paper, tipping base paper and over a hundred types of industrial specialty paper.
71GF Score

Get the complete analysis for SHSE:600356

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

¥8.79
Price
¥8.43
GF Value