Hai Kwang Enterprise (TPE:2038) FCF Margin %: -2.05% (As of Dec. 2025)


TPE:2038 Hai Kwang Enterprise Corp TPE:2038
66 GF Score
Price NT$13.20
GF Value NT$15.11
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Hai Kwang Enterprise FCF Margin %?

Hai Kwang Enterprise TPE:2038 -0.38% 66 FCF Margin % is -2.05% as of Dec. 2025. GuruFocus rates TPE:2038 with a GF Score™ of 66/100 and a GF Value™ of NT$15.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 612 Steel companies, Hai Kwang Enterprise ranks better than 52.29% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Hai Kwang Enterprise's Free Cash Flow for the three months ended in Dec. 2025 was NT$-43 Mil. Hai Kwang Enterprise's Revenue for the three months ended in Dec. 2025 was NT$2,108 Mil. Therefore, Hai Kwang Enterprise's FCF Margin % for the quarter that ended in Dec. 2025 was -2.05%.

As of today, Hai Kwang Enterprise's current FCF Yield % is 4.93%.

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

TPE:2038' s FCF Margin % Range Over the Past 10 Years
Min: -26.81   Med: -4.08   Max: 16.54
Current: 1.41


During the past 13 years, the highest FCF Margin % of Hai Kwang Enterprise was 16.54%. The lowest was -26.81%. And the median was -4.08%.

TPE:2038's FCF Margin % is ranked better than
52.29% of 612 companies
in the Steel industry
Industry Median: 1.12 vs TPE:2038: 1.41


Hai Kwang Enterprise FCF Margin % Related Terms


Hai Kwang Enterprise FCF Margin % Historical Data

* Premium members only.

The historical data trend for Hai Kwang Enterprise'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.

Hai Kwang Enterprise FCF Margin % Chart

Hai Kwang Enterprise 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 5.91 -3.67 -4.48 -5.74 1.41

Hai Kwang Enterprise Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -23.06 9.90 3.76 -9.52 -2.05

TPE:2038 vs NUE, STLD, RS: FCF Margin % Comparison

For the Steel subindustry, Hai Kwang Enterprise'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.


Hai Kwang Enterprise FCF Margin % vs Steel Industry

For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Hai Kwang Enterprise's FCF Margin % falls into.


TPE:2038
66GF Score
Hai Kwang Enterprise Corp TPE:2038
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hai Kwang Enterprise FCF Margin % Calculation

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

Hai Kwang Enterprise'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 )
=126.252/8923.105
=1.41 %

Hai Kwang Enterprise'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 )
=-43.195/2107.954
=-2.05 %

* 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 -2.05% mean?
Hai Kwang Enterprise (TPE:2038) has a FCF Margin % of -2.05% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Hai Kwang Enterprise and its competitors. According to the industry distribution chart, Hai Kwang Enterprise ranks #292 out of 612 companies in the Steel industry, placing it in the top 47.7%.
Is Hai Kwang Enterprise's FCF Margin % too high?
Hai Kwang Enterprise's current FCF Margin % is -2.05%. Based on the distribution chart, Hai Kwang Enterprise ranks #292 out of 612 companies in the Steel industry, which is above the industry midpoint. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's FCF Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #292 out of 612 companies for FCF Margin %. This puts Hai Kwang Enterprise in the upper half of its industry. The industry median FCF Margin % is 1.12. 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 Steel company?
The median FCF Margin % among Steel companies is 1.12, based on 612 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 Hai Kwang Enterprise and its competitors. For the Steel industry, the median FCF Margin % is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current FCF Margin % is -2.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current FCF Margin % is -2.05%. Hai Kwang Enterprise's overall GF Score™ is 66/100 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 Hai Kwang Enterprise (TPE:2038), the current FCF Margin % is -2.05% 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?

Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued. The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11. GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.

Key valuation signals for TPE:2038:

  • FCF Margin %: -2.05%
  • GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hai Kwang Enterprise Business Description

Address No. 12, Yanhai 2nd Road, Xiaogang District, Kaohsiung City, TWN
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score

Get the complete analysis for TPE:2038

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

NT$13.20
Price
NT$15.11
GF Value