Hiyes International Co (TPE:2348) EV-to-FCF: -24.08 (As of Aug. 24, 2026)

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.

TPE:2348 Hiyes International Co Ltd TPE:2348
76 GF Score
Price NT$72.40
GF Value NT$105.57
Valuation Possible Value Trap
! 12 Warning Signs
View Full Analysis

What is Hiyes International Co EV-to-FCF?

Hiyes International Co TPE:2348 +0.84% 76 EV-to-FCF is -24.08 as of Aug. 24, 2026. GuruFocus rates TPE:2348 with a GF Score™ of 76/100 and a GF Value™ of NT$105.57 (Possible Value Trap). The stock has 12 warning signs investors should review. Among 1,102 Real Estate companies, Hiyes International Co ranks worse than 90744.01% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Hiyes International Co's Enterprise Value is NT$43,183 Mil. Hiyes International Co's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was NT$-1,793 Mil. Therefore, Hiyes International Co's EV-to-FCF for today is -24.08.

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

TPE:2348' s EV-to-FCF Range Over the Past 10 Years
Min: -81.8   Med: -6.53   Max: 21.3
Current: -14.77

During the past 13 years, the highest EV-to-FCF of Hiyes International Co was 21.30. The lowest was -81.80. And the median was -6.53.

TPE:2348's EV-to-FCF is ranked worse than
100% of 1102 companies
in the Real Estate industry
Industry Median: 18.59 vs TPE:2348: -14.77

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 (2026-08-24), Hiyes International Co's stock price is NT$72.40. Hiyes International Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$4.438. Therefore, Hiyes International Co's PE Ratio (TTM) for today is 16.31.


Hiyes International Co  (TPE:2348) 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.

Hiyes International Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=72.40/4.438
=16.31

Hiyes International Co's share price for today is NT$72.40.
Hiyes International 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 NT$4.438.

* 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.


Hiyes International Co EV-to-FCF Related Terms


Hiyes International Co EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Hiyes International 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.

Hiyes International Co EV-to-FCF Chart

Hiyes International 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 -5.00 -17.13 11.03 -8.75 -37.89

Hiyes International 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 -5.34 -18.38 -37.89 -14.77 0.00

TPE:2348 vs CBRE, BEKE, JLL: EV-to-FCF Comparison

For the Real Estate Services subindustry, Hiyes International 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.


Hiyes International Co EV-to-FCF vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hiyes International Co's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Hiyes International Co's EV-to-FCF falls into.


TPE:2348
76GF Score
Hiyes International Co Ltd TPE:2348
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiyes International Co EV-to-FCF Calculation

Hiyes International Co's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=43183.243/-1793.436
=-24.08

Hiyes International Co's current Enterprise Value is NT$43,183 Mil.
Hiyes International Co's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-1,793 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 -24.08 mean?
Hiyes International Co (TPE:2348) has a EV-to-FCF of -24.08 as of Aug. 24, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Hiyes International Co and its competitors. According to the industry distribution chart, Hiyes International Co ranks #999999 out of 1102 companies in the Real Estate industry.
Is Hiyes International Co's EV-to-FCF too high?
Hiyes International Co's current EV-to-FCF is -24.08. Based on the distribution chart, Hiyes International Co ranks #999999 out of 1102 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Hiyes International Co has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hiyes International Co's EV-to-FCF compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hiyes International Co ranks #999999 out of 1102 companies for EV-to-FCF. This places Hiyes International Co in the lower half of its industry. The industry median EV-to-FCF is 18.59. 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 18.59, based on 1,102 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 Hiyes International Co and its competitors. For the Real Estate industry, the median EV-to-FCF is 18.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiyes International Co's current EV-to-FCF is -24.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiyes International Co stock overvalued right now?
Based on GuruFocus' analysis, Hiyes International Co (TPE:2348) is currently considered Possible Value Trap. The stock's GF Value™ is NT$105.57, compared to a current price of NT$72.40 — trading 31.4% below its estimated fair value. The current EV-to-FCF is -24.08. Hiyes International Co's overall GF Score™ is 76/100 with 12 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 Hiyes International Co (TPE:2348), the current EV-to-FCF is -24.08 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 Hiyes International Co (TPE:2348) Overvalued in 2026?

Based on GuruFocus' analysis, Hiyes International Co stock appears to be undervalued. The current stock price of NT$72.40 is trading 31.4% below its estimated GF Value™ of NT$105.57. GuruFocus considers Hiyes International Co to be Possible Value Trap.

Key valuation signals for TPE:2348:

  • EV-to-FCF: -24.08
  • GF Value™: NT$105.57 vs. price of NT$72.40 (31.4% below fair value)
  • GF Score™: 76/100 with 12 warning signs

No single metric tells the full story. See the TPE:2348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiyes International Co Business Description

Address No. 260, Dunhua North Road, 7th Floor, Songshan District, Taipei, TWN
Hiyes International Co Ltd operates in the real estate industry. The Company has two reporting segments: the agency sales segment of real estate, and the construction segment, in which the former engages in the brokerage of real estate sales, and the construction segment engages in the operation and construction of residential houses, sales of real estate, and other related businesses.
76GF Score

Get the complete analysis for TPE:2348

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

NT$72.40
Price
NT$105.57
GF Value