EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Hai Kwang Enterprise's Enterprise Value is NT$6,837 Mil.
Hai Kwang Enterprise's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was NT$126 Mil. Therefore, Hai Kwang Enterprise's EV-to-FCF for today is 54.16.
The historical rank and industry rank for Hai Kwang Enterprise's EV-to-FCF or its related term are showing as below:
TPE:2038'
s EV-to-FCF Range Over the Past 10 Years
Min: -60 Med: -5.6 Max: 226.68
Current: 54.93
During the past 13 years, the highest EV-to-FCF of Hai Kwang Enterprise was 226.68. The lowest was -60.00. And the median was -5.60.
TPE:2038's EV-to-FCF is ranked worse than 81.06% of 359
companies
in the Steel industry
Industry Median: 15.94
vs TPE:2038: 54.93
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.
Hai Kwang Enterprise (TPE:2038) 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.
Hai Kwang Enterprise's PE Ratio (TTM) for today is calculated as:
Hai Kwang Enterprise's share price for today is NT$13.20.
Hai Kwang Enterprise's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-0.564.
* 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.
Hai Kwang Enterprise EV-to-FCF Related Terms
Hai Kwang Enterprise EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Hai Kwang Enterprise'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 Steel subindustry, Hai Kwang Enterprise'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.
Hai Kwang Enterprise EV-to-FCF vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's EV-to-FCF falls into.
Hai Kwang Enterprise's current Enterprise Value is NT$6,837 Mil.
Hai Kwang Enterprise's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$126 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.
Hai Kwang Enterprise (TPE:2038) has a EV-to-FCF of 54.16 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hai Kwang Enterprise and its competitors. According to the industry distribution chart, Hai Kwang Enterprise ranks #291 out of 359 companies in the Steel industry, placing it in the top 81.1%.
Is Hai Kwang Enterprise's EV-to-FCF too high?
Hai Kwang Enterprise's current EV-to-FCF is 54.16. The Steel industry median EV-to-FCF is 15.94. Hai Kwang Enterprise's value of 54.16 is 239.8% above this industry median. Based on the distribution chart, Hai Kwang Enterprise ranks #291 out of 359 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's EV-to-FCF compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #291 out of 359 companies for EV-to-FCF. This places Hai Kwang Enterprise in the lower half of its industry. The industry median EV-to-FCF is 15.94. Hai Kwang Enterprise's value of 54.16 is 239.8% 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 Steel company?
The median EV-to-FCF among Steel companies is 15.94, based on 359 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. Hai Kwang Enterprise's current EV-to-FCF of 54.16 is 239.8% 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 Hai Kwang Enterprise and its competitors. For the Steel industry, the median EV-to-FCF is 15.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current EV-to-FCF is 54.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current EV-to-FCF is 54.16 and 239.8% above the Steel industry median of 15.94. Hai Kwang Enterprise's overall GF Score™ is 66/100 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 Hai Kwang Enterprise (TPE:2038), the current EV-to-FCF is 54.16 as of Jul. 09, 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11.
GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.
Key valuation signals for TPE:2038:
EV-to-FCF: 54.16
GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
Industry Position: 239.8% above the Steel median (#291 of 359)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score
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EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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