First Service Holding (HKSE:02107) FCF Margin %: 9.60% (As of Dec. 2025) — 42% Above Median

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HKSE:02107 First Service Holding Ltd HKSE:02107
61 GF Score
Price HK$0.44
GF Value HK$0.40
Valuation Fairly Valued
! 8 Warning Signs
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What is First Service Holding FCF Margin %?

First Service Holding HKSE:02107 +4.82% 61 FCF Margin % is 9.60% as of Dec. 2025, which is 42% above its 10-year median of 6.74. GuruFocus rates HKSE:02107 with a GF Score™ of 61/100 and a GF Value™ of HK$0.40 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,750 Real Estate companies, First Service Holding ranks worse than 61.89% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. First Service Holding's Free Cash Flow for the six months ended in Dec. 2025 was HK$70 Mil. First Service Holding's Revenue for the six months ended in Dec. 2025 was HK$726 Mil. Therefore, First Service Holding's FCF Margin % for the quarter that ended in Dec. 2025 was 9.60%.

As of today, First Service Holding's current FCF Yield % is 0.08%.

The historical rank and industry rank for First Service Holding's FCF Margin % or its related term are showing as below:

HKSE:02107' s FCF Margin % Range Over the Past 10 Years
Min: -1.91   Med: 6.74   Max: 12.13
Current: 0.03


During the past 9 years, the highest FCF Margin % of First Service Holding was 12.13%. The lowest was -1.91%. And the median was 6.74%.

HKSE:02107's FCF Margin % is ranked worse than
61.89% of 1750 companies
in the Real Estate industry
Industry Median: 6.855 vs HKSE:02107: 0.03


First Service Holding FCF Margin % Related Terms


First Service Holding FCF Margin % Historical Data

* Premium members only.

The historical data trend for First Service Holding'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.

First Service Holding FCF Margin % Chart

First Service Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only -0.65 -1.91 6.85 0.77 -0.02

First Service Holding Semi-Annual Data
Dec17 Dec18 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 14.56 -4.73 6.19 -9.26 9.60

HKSE:02107 vs CBRE, BEKE, JLL: FCF Margin % Comparison

For the Real Estate Services subindustry, First Service Holding'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.


First Service Holding FCF Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, First Service Holding's FCF Margin % distribution charts can be found below:

* The bar in red indicates where First Service Holding's FCF Margin % falls into.


HKSE:02107
61GF Score
First Service Holding Ltd HKSE:02107
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Service Holding FCF Margin % Calculation

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

First Service Holding'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 )
=-0.327/1481.621
=-0.02 %

First Service Holding'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 )
=69.655/725.865
=9.60 %

* 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 9.60% mean?
First Service Holding (HKSE:02107) has a FCF Margin % of 9.60% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on First Service Holding and its competitors. This is 42% above median its historical median of 6.74. According to the industry distribution chart, First Service Holding ranks #1083 out of 1750 companies in the Real Estate industry, placing it in the top 61.9%.
Is First Service Holding's FCF Margin % too high?
First Service Holding's current FCF Margin % of 9.60% is 42% above median its 10-year median of 6.74. The Real Estate industry median FCF Margin % is 6.86. First Service Holding's value of 9.60% is 40% above this industry median. Based on the distribution chart, First Service Holding ranks #1083 out of 1750 companies in the Real Estate industry, which is below the industry midpoint. Overall, First Service Holding has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Service Holding's FCF Margin % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, First Service Holding ranks #1083 out of 1750 companies for FCF Margin %. This places First Service Holding in the lower half of its industry. The industry median FCF Margin % is 6.86. First Service Holding's value of 9.60% is 40% above this benchmark. While the company's 10-year median is 6.74 vs. the industry median of 6.86, First Service Holding 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 6.86, based on 1,750 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. First Service Holding's current FCF Margin % of 9.60% is 40% 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 First Service Holding and its competitors. For the Real Estate industry, the median FCF Margin % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Service Holding's current FCF Margin % is 9.60%, which is 42% above median its own 10-year median of 6.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Service Holding stock overvalued right now?
Based on GuruFocus' analysis, First Service Holding (HKSE:02107) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.40, compared to a current price of HK$0.44 — trading 8.8% above its estimated fair value. The current FCF Margin % is 9.60%, which is 42% above median its 10-year median of 6.74 and 40% above the Real Estate industry median of 6.86. First Service Holding's overall GF Score™ is 61/100 with 8 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 First Service Holding (HKSE:02107), the current FCF Margin % is 9.60% 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 First Service Holding (HKSE:02107) Overvalued in 2026?

Based on GuruFocus' analysis, First Service Holding stock appears to be overvalued. The current stock price of HK$0.44 is trading 8.8% above its estimated GF Value™ of HK$0.40. GuruFocus considers First Service Holding to be Fairly Valued.

Key valuation signals for HKSE:02107:

  • FCF Margin %: 9.60% (42% above median its 10-year median of 6.74)
  • GF Value™: HK$0.40 vs. price of HK$0.44 (8.8% above fair value)
  • GF Score™: 61/100 with 8 warning signs
  • Industry Position: 40% above the Real Estate median (#1083 of 1750)

No single metric tells the full story. See the HKSE:02107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Service Holding Business Description

Address No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into two segments: First Property management services comprising of property management services, energy operation services under the service line of green living solutions and value-added services; and First Living segment provides green technology consulting service, system installation services, sale of goods, and energy operation services under the service line of green living solutions. It derives maximum revenue from First Property Management.
61GF Score

Get the complete analysis for HKSE:02107

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

HK$0.44
Price
HK$0.40
GF Value