Fire Rock Holdings (HKSE:01909) FCF Margin %: -11.86% (As of Dec. 2025)

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:01909 Fire Rock Holdings Ltd HKSE:01909
75 GF Score
Price HK$1.81
GF Value HK$3.02
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Fire Rock Holdings FCF Margin %?

Fire Rock Holdings HKSE:01909 +4.32% 75 FCF Margin % is -11.86% as of Dec. 2025. GuruFocus rates HKSE:01909 with a GF Score™ of 75/100 and a GF Value™ of HK$3.02 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 545 Interactive Media companies, Fire Rock Holdings ranks worse than 59.63% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Fire Rock Holdings's Free Cash Flow for the six months ended in Dec. 2025 was HK$-8.7 Mil. Fire Rock Holdings's Revenue for the six months ended in Dec. 2025 was HK$73.3 Mil. Therefore, Fire Rock Holdings's FCF Margin % for the quarter that ended in Dec. 2025 was -11.86%.

As of today, Fire Rock Holdings's current FCF Yield % is -0.41%.

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

HKSE:01909' s FCF Margin % Range Over the Past 10 Years
Min: -28.63   Med: 39.27   Max: 77.49
Current: -1.22


During the past 12 years, the highest FCF Margin % of Fire Rock Holdings was 77.49%. The lowest was -28.63%. And the median was 39.27%.

HKSE:01909's FCF Margin % is ranked worse than
59.63% of 545 companies
in the Interactive Media industry
Industry Median: 3.52 vs HKSE:01909: -1.22


Fire Rock Holdings FCF Margin % Related Terms


Fire Rock Holdings FCF Margin % Historical Data

* Premium members only.

The historical data trend for Fire Rock 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.

Fire Rock Holdings FCF Margin % Chart

Fire Rock Holdings 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 50.60 -2.35 -28.63 -2.27 -2.10

Fire Rock Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -22.72 -4.74 11.66 9.47 -11.86

HKSE:01909 vs NTES, EA, TTWO: FCF Margin % Comparison

For the Electronic Gaming & Multimedia subindustry, Fire Rock 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.


Fire Rock Holdings FCF Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Fire Rock Holdings's FCF Margin % distribution charts can be found below:

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


HKSE:01909
75GF Score
Fire Rock Holdings Ltd HKSE:01909
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fire Rock Holdings FCF Margin % Calculation

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

Fire Rock Holdings'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 )
=-3.071/146.204
=-2.10 %

Fire Rock Holdings's FCF Margin for the quarter that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-8.689/73.285
=-11.86 %

* 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 -11.86% mean?
Fire Rock Holdings (HKSE:01909) has a FCF Margin % of -11.86% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Fire Rock Holdings and its competitors. According to the industry distribution chart, Fire Rock Holdings ranks #325 out of 545 companies in the Interactive Media industry, placing it in the top 59.6%.
Is Fire Rock Holdings' FCF Margin % too high?
Fire Rock Holdings' current FCF Margin % is -11.86%. Based on the distribution chart, Fire Rock Holdings ranks #325 out of 545 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Fire Rock Holdings has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fire Rock Holdings' FCF Margin % compare to NTES and EA?
According to the Interactive Media industry distribution chart, Fire Rock Holdings ranks #325 out of 545 companies for FCF Margin %. This places Fire Rock Holdings in the lower half of its industry. The industry median FCF Margin % is 3.52. 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 3.52, based on 545 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. 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 Fire Rock Holdings and its competitors. For the Interactive Media industry, the median FCF Margin % is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fire Rock Holdings's current FCF Margin % is -11.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fire Rock Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fire Rock Holdings (HKSE:01909) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.02, compared to a current price of HK$1.81 — trading 40.1% below its estimated fair value. The current FCF Margin % is -11.86%. Fire Rock Holdings' overall GF Score™ is 75/100 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 Fire Rock Holdings (HKSE:01909), the current FCF Margin % is -11.86% as of Dec. 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 Fire Rock Holdings (HKSE:01909) Overvalued in 2026?

Based on GuruFocus' analysis, Fire Rock Holdings stock appears to be undervalued. The current stock price of HK$1.81 is trading 40.1% below its estimated GF Value™ of HK$3.02. GuruFocus considers Fire Rock Holdings to be Possible Value Trap.

Key valuation signals for HKSE:01909:

  • FCF Margin %: -11.86%
  • GF Value™: HK$3.02 vs. price of HK$1.81 (40.1% below fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the HKSE:01909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fire Rock Holdings Business Description

Address 70 Anson Road, Unit 15-02, Hub Synergy Point, Singapore, SGP, 079905
Fire Rock Holdings Ltd is an investment holding company engaged in the development of browser and mobile games. It is also involved in game design, programming, and graphics, and licensing game products to other game operators. Its segments are Game and software development and publishing, and Game operation and publishing. The company offers games in different language versions. The games of the company include Mythical Odyssey and Goddess of Glory. It generates the majority of its revenue from the Game operation and publishing segment.
75GF Score

Get the complete analysis for HKSE:01909

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

HK$1.81
Price
HK$3.02
GF Value