Ushine Photonics (ROCO:3678) FCF Margin %: 5.01% (As of Dec. 2025) — 31% 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.

ROCO:3678 Ushine Photonics Corp ROCO:3678
77 GF Score
Price NT$50.00
GF Value NT$57.68
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Ushine Photonics FCF Margin %?

Ushine Photonics ROCO:3678 -1.96% 77 FCF Margin % is 5.01% as of Dec. 2025, which is 31% below its 10-year median of 7.29. GuruFocus rates ROCO:3678 with a GF Score™ of 77/100 and a GF Value™ of NT$57.68 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,576 Chemicals companies, Ushine Photonics ranks better than 79.57% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Ushine Photonics's Free Cash Flow for the six months ended in Dec. 2025 was NT$11.3 Mil. Ushine Photonics's Revenue for the six months ended in Dec. 2025 was NT$225.2 Mil. Therefore, Ushine Photonics's FCF Margin % for the quarter that ended in Dec. 2025 was 5.01%.

As of today, Ushine Photonics's current FCF Yield % is 3.37%.

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

ROCO:3678' s FCF Margin % Range Over the Past 10 Years
Min: -5.87   Med: 7.29   Max: 24.58
Current: 9.82


During the past 13 years, the highest FCF Margin % of Ushine Photonics was 24.58%. The lowest was -5.87%. And the median was 7.29%.

ROCO:3678's FCF Margin % is ranked better than
79.57% of 1576 companies
in the Chemicals industry
Industry Median: 1.95 vs ROCO:3678: 9.82


Ushine Photonics FCF Margin % Related Terms


Ushine Photonics FCF Margin % Historical Data

* Premium members only.

The historical data trend for Ushine Photonics'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.

Ushine Photonics FCF Margin % Chart

Ushine Photonics 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 5.64 24.58 18.72 4.18 9.82

Ushine Photonics 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 4.15 -10.75 14.61 14.60 5.01

ROCO:3678 vs DOW: FCF Margin % Comparison

For the Chemicals subindustry, Ushine Photonics'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.


Ushine Photonics FCF Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ushine Photonics's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Ushine Photonics's FCF Margin % falls into.


ROCO:3678
77GF Score
Ushine Photonics Corp ROCO:3678
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ushine Photonics FCF Margin % Calculation

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

Ushine Photonics'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 )
=44.389/451.92
=9.82 %

Ushine Photonics'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 )
=11.28/225.163
=5.01 %

* 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 5.01% mean?
Ushine Photonics (ROCO:3678) has a FCF Margin % of 5.01% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ushine Photonics and its competitors. This is 31% below median its historical median of 7.29. According to the industry distribution chart, Ushine Photonics ranks #322 out of 1576 companies in the Chemicals industry, placing it in the top 20.4%.
Is Ushine Photonics' FCF Margin % too high?
Ushine Photonics' current FCF Margin % of 5.01% is 31% below median its 10-year median of 7.29. The Chemicals industry median FCF Margin % is 1.95. Ushine Photonics' value of 5.01% is 156.9% above this industry median. Based on the distribution chart, Ushine Photonics ranks #322 out of 1576 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Ushine Photonics has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ushine Photonics' FCF Margin % compare to DOW?
According to the Chemicals industry distribution chart, Ushine Photonics ranks #322 out of 1576 companies for FCF Margin %. This places Ushine Photonics in the top 20% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 1.95. Ushine Photonics' value of 5.01% is 156.9% above this benchmark. While the company's 10-year median is 7.29 vs. the industry median of 1.95, Ushine Photonics 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 Chemicals company?
The median FCF Margin % among Chemicals companies is 1.95, based on 1,576 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. Ushine Photonics's current FCF Margin % of 5.01% is 156.9% 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 Ushine Photonics and its competitors. For the Chemicals industry, the median FCF Margin % is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ushine Photonics's current FCF Margin % is 5.01%, which is 31% below median its own 10-year median of 7.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ushine Photonics stock overvalued right now?
Based on GuruFocus' analysis, Ushine Photonics (ROCO:3678) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$57.68, compared to a current price of NT$50.00 — trading 13.3% below its estimated fair value. The current FCF Margin % is 5.01%, which is 31% below median its 10-year median of 7.29 and 156.9% above the Chemicals industry median of 1.95. Ushine Photonics' overall GF Score™ is 77/100 with 2 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 Ushine Photonics (ROCO:3678), the current FCF Margin % is 5.01% 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 Ushine Photonics (ROCO:3678) Overvalued in 2026?

Based on GuruFocus' analysis, Ushine Photonics stock appears to be undervalued. The current stock price of NT$50.00 is trading 13.3% below its estimated GF Value™ of NT$57.68. GuruFocus considers Ushine Photonics to be Modestly Undervalued.

Key valuation signals for ROCO:3678:

  • FCF Margin %: 5.01% (31% below median its 10-year median of 7.29)
  • GF Value™: NT$57.68 vs. price of NT$50.00 (13.3% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 156.9% above the Chemicals median (#322 of 1576)

No single metric tells the full story. See the ROCO:3678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ushine Photonics Business Description

Address No. 199, Section 3, Huanbei Road, Hsinchu, Chupei City, TWN, 302
Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.
77GF Score

Get the complete analysis for ROCO:3678

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

NT$50.00
Price
NT$57.68
GF Value