EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Ray Go Solar Holdings Bhd's Enterprise Value is RM39.16 Mil.
Ray Go Solar Holdings Bhd's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was RM1.35 Mil. Therefore, Ray Go Solar Holdings Bhd's EV-to-FCF for today is 29.03.
The historical rank and industry rank for Ray Go Solar Holdings Bhd's EV-to-FCF or its related term are showing as below:
XKLS:03052'
s EV-to-FCF Range Over the Past 10 Years
Min: -4.21 Med: 15.36 Max: 323.4
Current: 29.03
During the past 7 years, the highest EV-to-FCF of Ray Go Solar Holdings Bhd was 323.40. The lowest was -4.21. And the median was 15.36.
XKLS:03052's EV-to-FCF is not ranked
in the Semiconductors industry.
Industry Median: 48.01
vs XKLS:03052: 29.03
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.
Ray Go Solar Holdings Bhd (XKLS:03052) 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.
Ray Go Solar Holdings Bhd's PE Ratio (TTM) for today is calculated as:
Ray Go Solar Holdings Bhd's share price for today is RM0.17.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ray Go Solar Holdings Bhd's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was RM0.005.
* 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.
Ray Go Solar Holdings Bhd EV-to-FCF Related Terms
Ray Go Solar Holdings Bhd 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.
XKLS:03052 vs FSLR, NXT, ENPH: EV-to-FCF Comparison
For the Solar subindustry, Ray Go Solar Holdings Bhd'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.
Ray Go Solar Holdings Bhd EV-to-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Ray Go Solar Holdings Bhd's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Ray Go Solar Holdings Bhd's EV-to-FCF falls into.
Ray Go Solar Holdings Bhd's current Enterprise Value is RM39.16 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ray Go Solar Holdings Bhd's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was RM1.35 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.
Ray Go Solar Holdings Bhd (XKLS:03052) has a EV-to-FCF of 29.03 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Ray Go Solar Holdings Bhd and its competitors. This is 89% above median its historical median of 15.36.
Is Ray Go Solar Holdings Bhd's EV-to-FCF too high?
Ray Go Solar Holdings Bhd's current EV-to-FCF of 29.03 is 89% above median its 10-year median of 15.36. The Semiconductors industry median EV-to-FCF is 48.01. Ray Go Solar Holdings Bhd's value of 29.03 is 39.5% below this industry median. Overall, Ray Go Solar Holdings Bhd has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Ray Go Solar Holdings Bhd's EV-to-FCF compare to FSLR and NXT?
Ray Go Solar Holdings Bhd's EV-to-FCF of 29.03 can be compared against companies in the Semiconductors industry. The industry median EV-to-FCF is 48.01. Ray Go Solar Holdings Bhd's value of 29.03 is 39.5% below this benchmark. While the company's 10-year median is 15.36 vs. the industry median of 48.01, Ray Go Solar Holdings Bhd 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 Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 48.01, based on 503 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. Ray Go Solar Holdings Bhd's current EV-to-FCF of 29.03 is 39.5% 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 Ray Go Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median EV-to-FCF is 48.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Go Solar Holdings Bhd's current EV-to-FCF is 29.03, which is 89% above median its own 10-year median of 15.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Go Solar Holdings Bhd stock overvalued right now?
Ray Go Solar Holdings Bhd (XKLS:03052) has a current EV-to-FCF of 29.03. The stock's GF Value™ is RM0.24, compared to a current price of RM0.17 — trading 29.2% below its estimated fair value. The current EV-to-FCF is 29.03, which is 89% above median its 10-year median of 15.36 and 39.5% below the Semiconductors industry median of 48.01. Ray Go Solar Holdings Bhd's overall GF Score™ is 43/100 with 7 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 Ray Go Solar Holdings Bhd (XKLS:03052), the current EV-to-FCF is 29.03 as of Jul. 02, 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 Ray Go Solar Holdings Bhd (XKLS:03052) Overvalued in 2026?
Based on GuruFocus' analysis, Ray Go Solar Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 29.2% below its estimated GF Value™ of RM0.24.
Key valuation signals for XKLS:03052:
EV-to-FCF: 29.03 (89% above median its 10-year median of 15.36)
GF Value™: RM0.24 vs. price of RM0.17 (29.2% below fair value)
Industry Position: 39.5% below the Semiconductors median
No single metric tells the full story. See the XKLS:03052 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ray Go Solar Holdings Bhd is a solar engineering procurement construction (EPC) company providing integrated solar services throughout the entire process of installing a photovoltaic (PV) system. Its business segments include Sales of energy generated from solar projects; and Engineering, Procurement, Construction, and Commissions (EPCC) in solar projects; and operations and maintenance for solar projects. Maximum revenue for the company is derived from its EPCC segment. Geographically, it operates only in Malaysia.
43GF Score
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