Hengyuan Refining Co Bhd (XKLS:4324) FCF Margin %: -7.59% (As of Mar. 2026)


XKLS:4324 Hengyuan Refining Co Bhd XKLS:4324
59 GF Score
Price RM1.03
GF Value RM1.19
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hengyuan Refining Co Bhd FCF Margin %?

Hengyuan Refining Co Bhd XKLS:4324 +1.98% 59 FCF Margin % is -7.59% as of Mar. 2026. GuruFocus rates XKLS:4324 with a GF Score™ of 59/100 and a GF Value™ of RM1.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 906 Oil & Gas companies, Hengyuan Refining Co Bhd ranks worse than 55.63% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Hengyuan Refining Co Bhd's Free Cash Flow for the three months ended in Mar. 2026 was RM-351 Mil. Hengyuan Refining Co Bhd's Revenue for the three months ended in Mar. 2026 was RM4,625 Mil. Therefore, Hengyuan Refining Co Bhd's FCF Margin % for the quarter that ended in Mar. 2026 was -7.59%.

As of today, Hengyuan Refining Co Bhd's current FCF Yield % is 52.80%.

The historical rank and industry rank for Hengyuan Refining Co Bhd's FCF Margin % or its related term are showing as below:

XKLS:4324' s FCF Margin % Range Over the Past 10 Years
Min: -1.75   Med: 0.28   Max: 5.88
Current: 2.12


During the past 13 years, the highest FCF Margin % of Hengyuan Refining Co Bhd was 5.88%. The lowest was -1.75%. And the median was 0.28%.

XKLS:4324's FCF Margin % is ranked worse than
55.63% of 906 companies
in the Oil & Gas industry
Industry Median: 3.285 vs XKLS:4324: 2.12


Hengyuan Refining Co Bhd FCF Margin % Related Terms


Hengyuan Refining Co Bhd FCF Margin % Historical Data

* Premium members only.

The historical data trend for Hengyuan Refining Co Bhd'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.

Hengyuan Refining Co Bhd FCF Margin % Chart

Hengyuan Refining Co Bhd 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 0.34 -0.63 -1.75 0.21 2.26

Hengyuan Refining Co Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -15.82 6.53 5.80 6.56 -7.59

XKLS:4324 vs VLO, MPC, PSX: FCF Margin % Comparison

For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co Bhd'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.


Hengyuan Refining Co Bhd FCF Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Hengyuan Refining Co Bhd's FCF Margin % falls into.


XKLS:4324
59GF Score
Hengyuan Refining Co Bhd XKLS:4324
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Hengyuan Refining Co Bhd FCF Margin % Calculation

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

Hengyuan Refining Co Bhd'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 )
=297.75/13165.369
=2.26 %

Hengyuan Refining Co Bhd's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-351.14/4624.544
=-7.59 %

* 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 -7.59% mean?
Hengyuan Refining Co Bhd (XKLS:4324) has a FCF Margin % of -7.59% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Hengyuan Refining Co Bhd and its competitors. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #504 out of 906 companies in the Oil & Gas industry, placing it in the top 55.6%.
Is Hengyuan Refining Co Bhd's FCF Margin % too high?
Hengyuan Refining Co Bhd's current FCF Margin % is -7.59%. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #504 out of 906 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's FCF Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #504 out of 906 companies for FCF Margin %. This places Hengyuan Refining Co Bhd in the lower half of its industry. The industry median FCF Margin % is 3.29. 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 an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.29, based on 906 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 Hengyuan Refining Co Bhd and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current FCF Margin % is -7.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.19, compared to a current price of RM1.03 — trading 13.4% below its estimated fair value. The current FCF Margin % is -7.59%. Hengyuan Refining Co Bhd's overall GF Score™ is 59/100 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 Hengyuan Refining Co Bhd (XKLS:4324), the current FCF Margin % is -7.59% 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 Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?

Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be undervalued. The current stock price of RM1.03 is trading 13.4% below its estimated GF Value™ of RM1.19. GuruFocus considers Hengyuan Refining Co Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4324:

  • FCF Margin %: -7.59%
  • GF Value™: RM1.19 vs. price of RM1.03 (13.4% below fair value)
  • GF Score™: 59/100 with 2 warning signs

No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hengyuan Refining Co Bhd Business Description

Industry EnergyOil & Gas
Address Jalan Pantai, Batu 1, Port Dickson, NSN, MYS, 71000
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
59GF Score

Get the complete analysis for XKLS:4324

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

RM1.03
Price
RM1.19
GF Value