FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Qualitas's Free Cash Flow for the
six
months ended in Dec. 2025 was A$-95.2 Mil. Qualitas's Revenue for the
six
months ended in Dec. 2025 was A$60.8 Mil. Therefore, Qualitas's FCF Margin % for the quarter that ended in Dec. 2025 was -156.72%.
The historical rank and industry rank for Qualitas's FCF Margin % or its related term are showing as below:
ASX:QAL'
s FCF Margin % Range Over the Past 10 Years
Min: -39.67 Med: 42.08 Max: 85.11
Current: -39.67
During the past 5 years, the highest FCF Margin % of Qualitas was 85.11%. The lowest was -39.67%. And the median was 42.08%.
ASX:QAL's FCF Margin % is ranked worse than 78.91% of 1465
companies
in the Asset Management industry
Industry Median: 14.69
vs ASX:QAL: -39.67
Qualitas FCF Margin % Related Terms
Qualitas FCF Margin % Historical Data
* Premium members only.
The historical data trend for Qualitas'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 Asset Management subindustry, Qualitas'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.
Qualitas FCF Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Qualitas's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Qualitas'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.
Qualitas (ASX:QAL) has a FCF Margin % of -156.72% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Qualitas and its competitors. According to the industry distribution chart, Qualitas ranks #1156 out of 1465 companies in the Asset Management industry, placing it in the top 78.9%.
Is Qualitas' FCF Margin % too high?
Qualitas' current FCF Margin % is -156.72%. Based on the distribution chart, Qualitas ranks #1156 out of 1465 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Qualitas has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' FCF Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Qualitas ranks #1156 out of 1465 companies for FCF Margin %. This places Qualitas in the lower half of its industry. The industry median FCF Margin % is 14.69. 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 Asset Management company?
The median FCF Margin % among Asset Management companies is 14.69, based on 1,465 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 Qualitas and its competitors. For the Asset Management industry, the median FCF Margin % is 14.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitas's current FCF Margin % is -156.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Fairly Valued. The stock's GF Value™ is A$3.18, compared to a current price of A$2.93 — trading 7.9% below its estimated fair value. The current FCF Margin % is -156.72%. Qualitas' overall GF Score™ is 63/100 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 Qualitas (ASX:QAL), the current FCF Margin % is -156.72% 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 Qualitas (ASX:QAL) Overvalued in 2026?
Based on GuruFocus' analysis, Qualitas stock appears to be undervalued.
The current stock price of A$2.93 is trading 7.9% below its estimated GF Value™ of A$3.18.
GuruFocus considers Qualitas to be Fairly Valued.
Key valuation signals for ASX:QAL:
FCF Margin %: -156.72%
GF Value™: A$3.18 vs. price of A$2.93 (7.9% below fair value)
No single metric tells the full story. See the ASX:QAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
63GF 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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