Associated International Hotels (HKSE:00105) FCF Margin %: 40.73% (As of Mar. 2026) — 28% Below Median

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.

HKSE:00105 Associated International Hotels Ltd HKSE:00105
63 GF Score
Price HK$5.20
GF Value HK$5.18
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Associated International Hotels FCF Margin %?

Associated International Hotels HKSE:00105 63 FCF Margin % is 40.73% as of Mar. 2026, which is 28% below its 10-year median of 56.45. GuruFocus rates HKSE:00105 with a GF Score™ of 63/100 and a GF Value™ of HK$5.18 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,756 Real Estate companies, Associated International Hotels ranks better than 82.63% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Associated International Hotels's Free Cash Flow for the six months ended in Mar. 2026 was HK$57.8 Mil. Associated International Hotels's Revenue for the six months ended in Mar. 2026 was HK$142.0 Mil. Therefore, Associated International Hotels's FCF Margin % for the quarter that ended in Mar. 2026 was 40.73%.

As of today, Associated International Hotels's current FCF Yield % is 6.94%.

The historical rank and industry rank for Associated International Hotels's FCF Margin % or its related term are showing as below:

HKSE:00105' s FCF Margin % Range Over the Past 10 Years
Min: 33.61   Med: 56.45   Max: 69.6
Current: 44.74


During the past 13 years, the highest FCF Margin % of Associated International Hotels was 69.60%. The lowest was 33.61%. And the median was 56.45%.

HKSE:00105's FCF Margin % is ranked better than
82.63% of 1756 companies
in the Real Estate industry
Industry Median: 6.96 vs HKSE:00105: 44.74


Associated International Hotels FCF Margin % Related Terms


Associated International Hotels FCF Margin % Historical Data

* Premium members only.

The historical data trend for Associated International Hotels'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.

Associated International Hotels FCF Margin % Chart

Associated International Hotels 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 61.67 44.19 62.28 46.96 44.74

Associated International Hotels 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 53.59 52.67 41.08 48.60 40.73

HKSE:00105 vs CBRE, BEKE, JLL: FCF Margin % Comparison

For the Real Estate Services subindustry, Associated International Hotels'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.


Associated International Hotels FCF Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Associated International Hotels's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Associated International Hotels's FCF Margin % falls into.


HKSE:00105
63GF Score
Associated International Hotels Ltd HKSE:00105
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Associated International Hotels FCF Margin % Calculation

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

Associated International Hotels's FCF Margin for the fiscal year that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=129.858/290.222
=44.74 %

Associated International Hotels'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 )
=57.839/142.02
=40.73 %

* 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 40.73% mean?
Associated International Hotels (HKSE:00105) has a FCF Margin % of 40.73% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Associated International Hotels and its competitors. This is 28% below median its historical median of 56.45. Over the past decade, Associated International Hotels' FCF Margin % has ranged from 33.61 to 69.60. According to the industry distribution chart, Associated International Hotels ranks #305 out of 1756 companies in the Real Estate industry, placing it in the top 17.4%.
Is Associated International Hotels' FCF Margin % too high?
Associated International Hotels' current FCF Margin % of 40.73% is 28% below median its 10-year median of 56.45. Over the past 10 years, this metric has ranged from a low of 33.61 to a high of 69.60. The Real Estate industry median FCF Margin % is 6.96. Associated International Hotels' value of 40.73% is 485.2% above this industry median. Based on the distribution chart, Associated International Hotels ranks #305 out of 1756 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Associated International Hotels has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Associated International Hotels' FCF Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Associated International Hotels ranks #305 out of 1756 companies for FCF Margin %. This places Associated International Hotels in the top 17% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 6.96. Associated International Hotels' value of 40.73% is 485.2% above this benchmark. Historically, Associated International Hotels' own FCF Margin % has ranged from 33.61 to 69.60 over the past decade. While the company's 10-year median is 56.45 vs. the industry median of 6.96, Associated International Hotels 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 Real Estate company?
The median FCF Margin % among Real Estate companies is 6.96, based on 1,756 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. Associated International Hotels's current FCF Margin % of 40.73% is 485.2% 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 Associated International Hotels and its competitors. For the Real Estate industry, the median FCF Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated International Hotels's current FCF Margin % is 40.73%, which is 28% below median its own 10-year median of 56.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated International Hotels stock overvalued right now?
Based on GuruFocus' analysis, Associated International Hotels (HKSE:00105) is currently considered Fairly Valued. The stock's GF Value™ is HK$5.18, compared to a current price of HK$5.20 — trading 0.4% above its estimated fair value. The current FCF Margin % is 40.73%, which is 28% below median its 10-year median of 56.45 and 485.2% above the Real Estate industry median of 6.96. Associated International Hotels' overall GF Score™ is 63/100 with 6 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 Associated International Hotels (HKSE:00105), the current FCF Margin % is 40.73% 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 Associated International Hotels (HKSE:00105) Overvalued in 2026?

Based on GuruFocus' analysis, Associated International Hotels stock appears to be overvalued. The current stock price of HK$5.20 is trading 0.4% above its estimated GF Value™ of HK$5.18. GuruFocus considers Associated International Hotels to be Fairly Valued.

Key valuation signals for HKSE:00105:

  • FCF Margin %: 40.73% (28% below median its 10-year median of 56.45)
  • GF Value™: HK$5.18 vs. price of HK$5.20 (0.4% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 485.2% above the Real Estate median (#305 of 1756)

No single metric tells the full story. See the HKSE:00105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Associated International Hotels Business Description

Address 63 Nathan Road, 9th Floor, iSQUARE, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Associated International Hotels Ltd is a Hong-Kong investment holding company principally engaged in property-related businesses. Its only reportable segment is Property leasing. The company generates revenue from Interest income, Management fees, and Others. The properties under the company include iSQUARE, Good Luck Industrial Building as well as the offices in Euro Trade Centre in Hong Kong. Geographically, it derives revenue from Hong Kong.
63GF Score

Get the complete analysis for HKSE:00105

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

HK$5.20
Price
HK$5.18
GF Value