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.
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.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cemat AS's Enterprise Value is €29.43 Mil.
Cemat AS's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €6.58 Mil. Therefore, Cemat AS's EV-to-FCF for today is 4.47.
The historical rank and industry rank for Cemat AS's EV-to-FCF or its related term are showing as below:
FRA:1X9'
s EV-to-FCF Range Over the Past 10 Years
Min: -265.14 Med: -21.96 Max: 135.06
Current: 4.37
During the past 13 years, the highest EV-to-FCF of Cemat AS was 135.06. The lowest was -265.14. And the median was -21.96.
FRA:1X9's EV-to-FCF is ranked better than 85.04% of 1096
companies
in the Real Estate industry
Industry Median: 18.985
vs FRA:1X9: 4.37
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Cemat AS's share price for today is €0.0938.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cemat AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.033.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Cemat AS EV-to-FCF Related Terms
Cemat AS EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Cemat AS's EV-to-FCF 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 Real Estate Services subindustry, Cemat AS's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Cemat AS EV-to-FCF vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Cemat AS's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Cemat AS's EV-to-FCF falls into.
Cemat AS's current Enterprise Value is €29.43 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cemat AS's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €6.58 Mil.
* 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.
Cemat AS (FRA:1X9) has a EV-to-FCF of 4.47 as of Jul. 21, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cemat AS and its competitors. According to the industry distribution chart, Cemat AS ranks #164 out of 1096 companies in the Real Estate industry, placing it in the top 15%.
Is Cemat AS's EV-to-FCF too high?
Cemat AS's current EV-to-FCF is 4.47. The Real Estate industry median EV-to-FCF is 18.99. Cemat AS's value of 4.47 is 76.5% below this industry median. Based on the distribution chart, Cemat AS ranks #164 out of 1096 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Cemat AS has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cemat AS's EV-to-FCF compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Cemat AS ranks #164 out of 1096 companies for EV-to-FCF. This places Cemat AS in the top 15% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 18.99. Cemat AS's value of 4.47 is 76.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Real Estate company?
The median EV-to-FCF among Real Estate companies is 18.99, based on 1,096 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cemat AS's current EV-to-FCF of 4.47 is 76.5% below 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cemat AS and its competitors. For the Real Estate industry, the median EV-to-FCF is 18.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cemat AS's current EV-to-FCF is 4.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cemat AS stock overvalued right now?
Based on GuruFocus' analysis, Cemat AS (FRA:1X9) is currently considered Possible Value Trap. The stock's GF Value™ is €0.55, compared to a current price of €0.09 — trading 82.9% below its estimated fair value. The current EV-to-FCF is 4.47 and 76.5% below the Real Estate industry median of 18.99. Cemat AS's overall GF Score™ is 71/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Cemat AS (FRA:1X9), the current EV-to-FCF is 4.47 as of Jul. 21, 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 Cemat AS (FRA:1X9) Overvalued in 2026?
Based on GuruFocus' analysis, Cemat AS stock appears to be undervalued.
The current stock price of €0.09 is trading 82.9% below its estimated GF Value™ of €0.55.
GuruFocus considers Cemat AS to be Possible Value Trap.
Key valuation signals for FRA:1X9:
EV-to-FCF: 4.47
GF Value™: €0.55 vs. price of €0.09 (82.9% below fair value)
Industry Position: 76.5% below the Real Estate median (#164 of 1096)
No single metric tells the full story. See the FRA:1X9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cemat AS is a Denmark-based holding company that engages in the real estate business. The Group comprises two segments that is Property management division comprising letting of premises and land and the provision of utilities to tenants, including power, water, natural gas, facility services, etc. and the other is Property development including the preparation and implementation of development projects, in the field of housing and commercial space. The company derives maximum revenue from Property Management & Holding Segment.
71GF Score
Get the complete analysis for FRA:1X9
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:1X9 has been successfully added to your 
