TopkeyTPE:4536 +0.91%85 FCF Margin % is 20.11% as of Dec. 2025, which is 61% above its 10-year median of 12.51. GuruFocus rates TPE:4536 with a GF Score™ of 85/100 and a GF Value™ of NT$175.89 (Fairly Valued). The stock has 4 warning signs investors should review. Among 844 Travel & Leisure companies, Topkey ranks better than 79.38% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Topkey's Free Cash Flow for the
three
months ended in Dec. 2025 was NT$376 Mil. Topkey's Revenue for the
three
months ended in Dec. 2025 was NT$1,869 Mil. Therefore, Topkey's FCF Margin % for the quarter that ended in Dec. 2025 was 20.11%.
The historical rank and industry rank for Topkey's FCF Margin % or its related term are showing as below:
TPE:4536'
s FCF Margin % Range Over the Past 10 Years
Min: -0.31 Med: 12.51 Max: 21.7
Current: 18.95
During the past 13 years, the highest FCF Margin % of Topkey was 21.70%. The lowest was -0.31%. And the median was 12.51%.
TPE:4536's FCF Margin % is ranked better than 79.38% of 844
companies
in the Travel & Leisure industry
Industry Median: 5.86
vs TPE:4536: 18.95
Topkey FCF Margin % Related Terms
Topkey FCF Margin % Historical Data
* Premium members only.
The historical data trend for Topkey'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.
For the Leisure subindustry, Topkey'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.
Topkey FCF Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Topkey's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Topkey'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.
Topkey (TPE:4536) has a FCF Margin % of 20.11% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Topkey and its competitors. This is 61% above median its historical median of 12.51. According to the industry distribution chart, Topkey ranks #174 out of 844 companies in the Travel & Leisure industry, placing it in the top 20.6%.
Is Topkey's FCF Margin % too high?
Topkey's current FCF Margin % of 20.11% is 61% above median its 10-year median of 12.51. The Travel & Leisure industry median FCF Margin % is 5.86. Topkey's value of 20.11% is 243.2% above this industry median. Based on the distribution chart, Topkey ranks #174 out of 844 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Topkey has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topkey's FCF Margin % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Topkey ranks #174 out of 844 companies for FCF Margin %. This places Topkey in the top 21% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 5.86. Topkey's value of 20.11% is 243.2% above this benchmark. While the company's 10-year median is 12.51 vs. the industry median of 5.86, Topkey 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 Travel & Leisure company?
The median FCF Margin % among Travel & Leisure companies is 5.86, based on 844 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. Topkey's current FCF Margin % of 20.11% is 243.2% 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 Topkey and its competitors. For the Travel & Leisure industry, the median FCF Margin % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topkey's current FCF Margin % is 20.11%, which is 61% above median its own 10-year median of 12.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topkey stock overvalued right now?
Based on GuruFocus' analysis, Topkey (TPE:4536) is currently considered Fairly Valued. The stock's GF Value™ is NT$175.89, compared to a current price of NT$166.00 — trading 5.6% below its estimated fair value. The current FCF Margin % is 20.11%, which is 61% above median its 10-year median of 12.51 and 243.2% above the Travel & Leisure industry median of 5.86. Topkey's overall GF Score™ is 85/100 with 4 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 Topkey (TPE:4536), the current FCF Margin % is 20.11% 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 Topkey (TPE:4536) Overvalued in 2026?
Based on GuruFocus' analysis, Topkey stock appears to be undervalued.
The current stock price of NT$166.00 is trading 5.6% below its estimated GF Value™ of NT$175.89.
GuruFocus considers Topkey to be Fairly Valued.
Key valuation signals for TPE:4536:
FCF Margin %: 20.11% (61% above median its 10-year median of 12.51)
GF Value™: NT$175.89 vs. price of NT$166.00 (5.6% below fair value)
Industry Position: 243.2% above the Travel & Leisure median (#174 of 844)
No single metric tells the full story. See the TPE:4536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topkey Corp is mainly engaged in the production, processing, sale, international trading, and agency services of sporting goods, carbon fiber products, glass fiber products, and composite materials. Revenue from the sales of goods comes from the sales of sporting goods which accounts for the majority of the company's revenue, aviation products, and medical products. Revenue from the rendering of services comes from professional labor services. The company operates in Asia which is also its key revenue-generating market, Europe, America, and other regions.
85GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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