Asia Commercial Holdings (HKSE:00104) FCF Margin %: 15.51% (As of Sep. 2025) — 47% Above Median

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HKSE:00104 Asia Commercial Holdings Ltd HKSE:00104
45 GF Score
Price HK$0.24
GF Value HK$0.22
Valuation Fairly Valued
! 5 Warning Signs
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What is Asia Commercial Holdings FCF Margin %?

Asia Commercial Holdings HKSE:00104 45 FCF Margin % is 15.51% as of Sep. 2025, which is 47% above its 10-year median of 10.53. GuruFocus rates HKSE:00104 with a GF Score™ of 45/100 and a GF Value™ of HK$0.22 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,129 Retail - Cyclical companies, Asia Commercial Holdings ranks better than 87.87% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Asia Commercial Holdings's Free Cash Flow for the six months ended in Sep. 2025 was HK$47.9 Mil. Asia Commercial Holdings's Revenue for the six months ended in Sep. 2025 was HK$308.8 Mil. Therefore, Asia Commercial Holdings's FCF Margin % for the quarter that ended in Sep. 2025 was 15.51%.

As of today, Asia Commercial Holdings's current FCF Yield % is 59.29%.

The historical rank and industry rank for Asia Commercial Holdings's FCF Margin % or its related term are showing as below:

HKSE:00104' s FCF Margin % Range Over the Past 10 Years
Min: -1.41   Med: 10.53   Max: 21.01
Current: 16.01


During the past 13 years, the highest FCF Margin % of Asia Commercial Holdings was 21.01%. The lowest was -1.41%. And the median was 10.53%.

HKSE:00104's FCF Margin % is ranked better than
87.87% of 1129 companies
in the Retail - Cyclical industry
Industry Median: 3.05 vs HKSE:00104: 16.01


Asia Commercial Holdings FCF Margin % Related Terms


Asia Commercial Holdings FCF Margin % Historical Data

* Premium members only.

The historical data trend for Asia Commercial Holdings'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.

Asia Commercial Holdings FCF Margin % Chart

Asia Commercial Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.01 11.82 9.59 14.52 0.00

Asia Commercial Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 11.13 12.92 15.97 15.51 0.00

HKSE:00104 vs CASY, WSM, DKS: FCF Margin % Comparison

For the Specialty Retail subindustry, Asia Commercial Holdings'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.


Asia Commercial Holdings FCF Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Asia Commercial Holdings's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Asia Commercial Holdings's FCF Margin % falls into.


HKSE:00104
45GF Score
Asia Commercial Holdings Ltd HKSE:00104
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Commercial Holdings FCF Margin % Calculation

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

Asia Commercial Holdings's FCF Margin for the fiscal year that ended in Mar. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Mar. 2025 )/Revenue (A: Mar. 2025 )
=102.97/709.373
=14.52 %

Asia Commercial Holdings's FCF Margin for the quarter that ended in Sep. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=47.874/308.764
=15.51 %

* 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 15.51% mean?
Asia Commercial Holdings (HKSE:00104) has a FCF Margin % of 15.51% as of Sep. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Asia Commercial Holdings and its competitors. This is 47% above median its historical median of 10.53. According to the industry distribution chart, Asia Commercial Holdings ranks #137 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 12.1%.
Is Asia Commercial Holdings' FCF Margin % too high?
Asia Commercial Holdings' current FCF Margin % of 15.51% is 47% above median its 10-year median of 10.53. The Retail - Cyclical industry median FCF Margin % is 3.05. Asia Commercial Holdings' value of 15.51% is 408.5% above this industry median. Based on the distribution chart, Asia Commercial Holdings ranks #137 out of 1129 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Commercial Holdings has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Commercial Holdings' FCF Margin % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Asia Commercial Holdings ranks #137 out of 1129 companies for FCF Margin %. This places Asia Commercial Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.05. Asia Commercial Holdings' value of 15.51% is 408.5% above this benchmark. While the company's 10-year median is 10.53 vs. the industry median of 3.05, Asia Commercial Holdings has consistently been above 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 a Retail - Cyclical company?
The median FCF Margin % among Retail - Cyclical companies is 3.05, based on 1,129 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. Asia Commercial Holdings's current FCF Margin % of 15.51% is 408.5% 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 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 Asia Commercial Holdings and its competitors. For the Retail - Cyclical industry, the median FCF Margin % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Commercial Holdings's current FCF Margin % is 15.51%, which is 47% above median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Commercial Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Commercial Holdings (HKSE:00104) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.24 — trading 10% above its estimated fair value. The current FCF Margin % is 15.51%, which is 47% above median its 10-year median of 10.53 and 408.5% above the Retail - Cyclical industry median of 3.05. Asia Commercial Holdings' overall GF Score™ is 45/100 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 Asia Commercial Holdings (HKSE:00104), the current FCF Margin % is 15.51% as of Sep. 2025. 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 Asia Commercial Holdings (HKSE:00104) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Commercial Holdings stock appears to be overvalued. The current stock price of HK$0.24 is trading 10% above its estimated GF Value™ of HK$0.22. GuruFocus considers Asia Commercial Holdings to be Fairly Valued.

Key valuation signals for HKSE:00104:

  • FCF Margin %: 15.51% (47% above median its 10-year median of 10.53)
  • GF Value™: HK$0.22 vs. price of HK$0.24 (10% above fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 408.5% above the Retail - Cyclical median (#137 of 1129)

No single metric tells the full story. See the HKSE:00104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Commercial Holdings Business Description

Address 183 Queen’s Road East, 3901, 39th Floor, The Hopewell Centre, Wanchai, Hong Kong, HKG
Asia Commercial Holdings Ltd is an investment holding company. It operates business through two segments: Sale of Watches (Retail and Wholesale) and Properties Leasing. The company earns the majority of its revenue from sales of watches. Geographically, the group generates maximum revenue from Mainland China, followed by Hong Kong, Switzerland, and the United Kingdom.
45GF Score

Get the complete analysis for HKSE:00104

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

HK$0.24
Price
HK$0.22
GF Value