Asphere Innovations PCL (BKK:AS) FCF Margin %: 2.09% (As of Mar. 2026) — 78% Below Median


BKK:AS Asphere Innovations PCL BKK:AS
67 GF Score
Price ฿2.28
GF Value ฿3.77
Valuation Possible Value Trap
! 5 Warning Signs
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What is Asphere Innovations PCL FCF Margin %?

Asphere Innovations PCL BKK:AS +1.79% 67 FCF Margin % is 2.09% as of Mar. 2026, which is 78% below its 10-year median of 9.65. GuruFocus rates BKK:AS with a GF Score™ of 67/100 and a GF Value™ of ฿3.77 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 551 Interactive Media companies, Asphere Innovations PCL ranks better than 66.42% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Asphere Innovations PCL's Free Cash Flow for the three months ended in Mar. 2026 was ฿6 Mil. Asphere Innovations PCL's Revenue for the three months ended in Mar. 2026 was ฿298 Mil. Therefore, Asphere Innovations PCL's FCF Margin % for the quarter that ended in Mar. 2026 was 2.09%.

As of today, Asphere Innovations PCL's current FCF Yield % is 12.45%.

The historical rank and industry rank for Asphere Innovations PCL's FCF Margin % or its related term are showing as below:

BKK:AS' s FCF Margin % Range Over the Past 10 Years
Min: -11.71   Med: 9.65   Max: 34.41
Current: 11.11


During the past 13 years, the highest FCF Margin % of Asphere Innovations PCL was 34.41%. The lowest was -11.71%. And the median was 9.65%.

BKK:AS's FCF Margin % is ranked better than
66.42% of 551 companies
in the Interactive Media industry
Industry Median: 3.96 vs BKK:AS: 11.11


Asphere Innovations PCL FCF Margin % Related Terms


Asphere Innovations PCL FCF Margin % Historical Data

* Premium members only.

The historical data trend for Asphere Innovations PCL's FCF Margin % 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.

Asphere Innovations PCL FCF Margin % Chart

Asphere Innovations PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.94 2.95 18.55 9.70 15.66

Asphere Innovations PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % 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 22.95 19.22 13.01 10.71 2.09

BKK:AS vs NTES, EA, TTWO: FCF Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, Asphere Innovations PCL's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.


Asphere Innovations PCL FCF Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Asphere Innovations PCL's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Asphere Innovations PCL's FCF Margin % falls into.


BKK:AS
67GF Score
Asphere Innovations PCL BKK:AS
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Asphere Innovations PCL FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Asphere Innovations PCL's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=191.139/1220.24
=15.66 %

Asphere Innovations PCL's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=6.24/297.933
=2.09 %

* 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 FCF Margin % →
What does a FCF Margin % of 2.09% mean?
Asphere Innovations PCL (BKK:AS) has a FCF Margin % of 2.09% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Asphere Innovations PCL and its competitors. This is 78% below median its historical median of 9.65. According to the industry distribution chart, Asphere Innovations PCL ranks #185 out of 551 companies in the Interactive Media industry, placing it in the top 33.6%.
Is Asphere Innovations PCL's FCF Margin % too high?
Asphere Innovations PCL's current FCF Margin % of 2.09% is 78% below median its 10-year median of 9.65. The Interactive Media industry median FCF Margin % is 3.96. Asphere Innovations PCL's value of 2.09% is 47.2% below this industry median. Based on the distribution chart, Asphere Innovations PCL ranks #185 out of 551 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Asphere Innovations PCL has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asphere Innovations PCL's FCF Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Asphere Innovations PCL ranks #185 out of 551 companies for FCF Margin %. This puts Asphere Innovations PCL in the upper half of its industry. The industry median FCF Margin % is 3.96. Asphere Innovations PCL's value of 2.09% is 47.2% below this benchmark. While the company's 10-year median is 9.65 vs. the industry median of 3.96, Asphere Innovations PCL 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 FCF Margin % for an Interactive Media company?
The median FCF Margin % among Interactive Media companies is 3.96, based on 551 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asphere Innovations PCL's current FCF Margin % of 2.09% is 47.2% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Asphere Innovations PCL and its competitors. For the Interactive Media industry, the median FCF Margin % is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asphere Innovations PCL's current FCF Margin % is 2.09%, which is 78% below median its own 10-year median of 9.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asphere Innovations PCL stock overvalued right now?
Based on GuruFocus' analysis, Asphere Innovations PCL (BKK:AS) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.77, compared to a current price of ฿2.28 — trading 39.5% below its estimated fair value. The current FCF Margin % is 2.09%, which is 78% below median its 10-year median of 9.65 and 47.2% below the Interactive Media industry median of 3.96. Asphere Innovations PCL's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Asphere Innovations PCL (BKK:AS), the current FCF Margin % is 2.09% as of Mar. 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 Asphere Innovations PCL (BKK:AS) Overvalued in 2026?

Based on GuruFocus' analysis, Asphere Innovations PCL stock appears to be undervalued. The current stock price of ฿2.28 is trading 39.5% below its estimated GF Value™ of ฿3.77. GuruFocus considers Asphere Innovations PCL to be Possible Value Trap.

Key valuation signals for BKK:AS:

  • FCF Margin %: 2.09% (78% below median its 10-year median of 9.65)
  • GF Value™: ฿3.77 vs. price of ฿2.28 (39.5% below fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 47.2% below the Interactive Media median (#185 of 551)

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


Asphere Innovations PCL Business Description

Other Exchanges 5ASA:Germany
Address Rama 9 Road, 51 Major Tower Rama 9 - Ramkhamhaeng 18th Floor, Room No. 3-8, Hua Mak, Bangkapi, Bangkok, THA, 10240
Asphere Innovations PCL is engaged in providing online game services. The Company operates in two segments: the publishing online game segment, which contributes the majority of the revenue and provides online game publishing services through the internet based on agreements between the publisher and game developers; and the distribution segment, which provides payment channel services. Other income mainly comprises revenue from the provision of marketing services. The Company offers a collection of games across PC and mobile platforms, covering genres such as MMORPG, Casual, SRPG, FPS, and MOBA. It operates in Thailand, Singapore, Vietnam, and other countries, with Singapore contributing the majority of the revenue.
67GF Score

Get the complete analysis for BKK:AS

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

฿2.28
Price
฿3.77
GF Value