FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Tongwei Co's Free Cash Flow for the
three
months ended in Mar. 2026 was ¥-4,408 Mil. Tongwei Co's Revenue for the
three
months ended in Mar. 2026 was ¥12,125 Mil. Therefore, Tongwei Co's FCF Margin % for the quarter that ended in Mar. 2026 was -36.35%.
The historical rank and industry rank for Tongwei Co's FCF Margin % or its related term are showing as below:
SHSE:600438'
s FCF Margin % Range Over the Past 10 Years
Min: -29.62 Med: -5.49 Max: 20.08
Current: -15.16
During the past 13 years, the highest FCF Margin % of Tongwei Co was 20.08%. The lowest was -29.62%. And the median was -5.49%.
SHSE:600438's FCF Margin % is ranked worse than 74.12% of 1024
companies
in the Semiconductors industry
Industry Median: -0.8
vs SHSE:600438: -15.16
Tongwei Co FCF Margin % Related Terms
Tongwei Co FCF Margin % Historical Data
* Premium members only.
The historical data trend for Tongwei Co'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.
SHSE:600438 vs FSLR, NXT, ENPH: FCF Margin % Comparison
For the Solar subindustry, Tongwei Co'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.
Tongwei Co FCF Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Tongwei Co's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Tongwei Co's FCF Margin % falls into.
* 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.
Tongwei Co (SHSE:600438) has a FCF Margin % of -36.35% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Tongwei Co and its competitors. According to the industry distribution chart, Tongwei Co ranks #759 out of 1024 companies in the Semiconductors industry, placing it in the top 74.1%.
Is Tongwei Co's FCF Margin % too high?
Tongwei Co's current FCF Margin % is -36.35%. Based on the distribution chart, Tongwei Co ranks #759 out of 1024 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Tongwei Co has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tongwei Co's FCF Margin % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Tongwei Co ranks #759 out of 1024 companies for FCF Margin %. This places Tongwei Co in the lower half of its industry. 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 Semiconductors company?
A good FCF Margin % depends on the Semiconductors industry context. 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 Tongwei Co and its competitors. Tongwei Co's current FCF Margin % is -36.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongwei Co stock overvalued right now?
Based on GuruFocus' analysis, Tongwei Co (SHSE:600438) is currently considered Possible Value Trap. The stock's GF Value™ is ¥18.22, compared to a current price of ¥11.96 — trading 34.4% below its estimated fair value. The current FCF Margin % is -36.35%. Tongwei Co's overall GF Score™ is 62/100 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 Tongwei Co (SHSE:600438), the current FCF Margin % is -36.35% 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 Tongwei Co (SHSE:600438) Overvalued in 2026?
Based on GuruFocus' analysis, Tongwei Co stock appears to be undervalued.
The current stock price of ¥11.96 is trading 34.4% below its estimated GF Value™ of ¥18.22.
GuruFocus considers Tongwei Co to be Possible Value Trap.
Key valuation signals for SHSE:600438:
FCF Margin %: -36.35%
GF Value™: ¥18.22 vs. price of ¥11.96 (34.4% below fair value)
No single metric tells the full story. See the SHSE:600438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongwei is the world's largest polysilicon producer and a leading solar cell and module supplier. The solar business contributed more than 60% of revenue in 2025. In addition, Tongwei runs a feed and food business, which made up 35% of revenue in 2025.
62GF Score
Get the complete analysis for SHSE:600438
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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