Tian Cheng Holdings (HKSE:02110) FCF Margin %: -17.04% (As of Nov. 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.

What is Tian Cheng Holdings FCF Margin %?

Tian Cheng Holdings HKSE:02110 +1.35% FCF Margin % is -17.04% as of Nov. 2025. The stock has 3 warning signs investors should review. Among 1,766 Construction companies, Tian Cheng Holdings ranks worse than 85.67% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Tian Cheng Holdings's Free Cash Flow for the six months ended in Nov. 2025 was HK$-10.1 Mil. Tian Cheng Holdings's Revenue for the six months ended in Nov. 2025 was HK$59.3 Mil. Therefore, Tian Cheng Holdings's FCF Margin % for the quarter that ended in Nov. 2025 was -17.04%.

As of today, Tian Cheng Holdings's current FCF Yield % is -65.80%.

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

HKSE:02110' s FCF Margin % Range Over the Past 10 Years
Min: -20.62   Med: -3.04   Max: 15.9
Current: -13.85


During the past 9 years, the highest FCF Margin % of Tian Cheng Holdings was 15.90%. The lowest was -20.62%. And the median was -3.04%.

HKSE:02110's FCF Margin % is ranked worse than
85.67% of 1766 companies
in the Construction industry
Industry Median: 2.645 vs HKSE:02110: -13.85


Tian Cheng Holdings FCF Margin % Related Terms


Tian Cheng Holdings FCF Margin % Historical Data

* Premium members only.

The historical data trend for Tian Cheng 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.

Tian Cheng Holdings FCF Margin % Chart

Tian Cheng Holdings Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only 5.83 -11.29 -20.62 -12.00 -6.58

Tian Cheng Holdings Semi-Annual Data
May17 May18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
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 -1.79 -24.54 -1.98 -11.85 -17.04

HKSE:02110 vs PWR, FIX, EME: FCF Margin % Comparison

For the Engineering & Construction subindustry, Tian Cheng 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.


Tian Cheng Holdings FCF Margin % vs Construction Industry

For the Construction industry and Industrials sector, Tian Cheng Holdings's FCF Margin % distribution charts can be found below:

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



Tian Cheng Holdings FCF Margin % Calculation

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

Tian Cheng Holdings's FCF Margin for the fiscal year that ended in May. 2025 is calculated as

FCF Margin=Free Cash Flow (A: May. 2025 )/Revenue (A: May. 2025 )
=-13.349/202.785
=-6.58 %

Tian Cheng Holdings's FCF Margin for the quarter that ended in Nov. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Nov. 2025 )/Revenue (Q: Nov. 2025 )
=-10.106/59.314
=-17.04 %

* 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 -17.04% mean?
Tian Cheng Holdings (HKSE:02110) has a FCF Margin % of -17.04% as of Nov. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Tian Cheng Holdings and its competitors. According to the industry distribution chart, Tian Cheng Holdings ranks #1513 out of 1766 companies in the Construction industry, placing it in the top 85.7%.
Is Tian Cheng Holdings' FCF Margin % too high?
Tian Cheng Holdings' current FCF Margin % is -17.04%. Based on the distribution chart, Tian Cheng Holdings ranks #1513 out of 1766 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Tian Cheng Holdings' FCF Margin % compare to PWR and FIX?
According to the Construction industry distribution chart, Tian Cheng Holdings ranks #1513 out of 1766 companies for FCF Margin %. This places Tian Cheng Holdings in the lower half of its industry. The industry median FCF Margin % is 2.65. 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 Construction company?
The median FCF Margin % among Construction companies is 2.65, based on 1,766 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 Tian Cheng Holdings and its competitors. For the Construction industry, the median FCF Margin % is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Cheng Holdings's current FCF Margin % is -17.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.08 — trading 25% below its estimated fair value. The current FCF Margin % is -17.04%. 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 Tian Cheng Holdings (HKSE:02110), the current FCF Margin % is -17.04% as of Nov. 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.

Tian Cheng Holdings Business Description

Address 68 Mody Road, Rooms 506-507A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.