FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Icade's Free Cash Flow for the
six
months ended in Dec. 2025 was €49 Mil. Icade's Revenue for the
six
months ended in Dec. 2025 was €711 Mil. Therefore, Icade's FCF Margin % for the quarter that ended in Dec. 2025 was 6.85%.
The historical rank and industry rank for Icade's FCF Margin % or its related term are showing as below:
FRA:3IC'
s FCF Margin % Range Over the Past 10 Years
Min: -41.54 Med: -12.24 Max: 11.45
Current: -0.38
During the past 13 years, the highest FCF Margin % of Icade was 11.45%. The lowest was -41.54%. And the median was -12.24%.
FRA:3IC's FCF Margin % is ranked worse than 78.95% of 936
companies
in the REITs industry
Industry Median: 40.025
vs FRA:3IC: -0.38
Icade FCF Margin % Related Terms
Icade FCF Margin % Historical Data
* Premium members only.
The historical data trend for Icade'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.
FRA:3IC vs VICI, WPC, BNL: FCF Margin % Comparison
For the REIT - Diversified subindustry, Icade'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.
Icade FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Icade's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Icade'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.
Icade (FRA:3IC) has a FCF Margin % of 6.85% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Icade and its competitors. According to the industry distribution chart, Icade ranks #739 out of 936 companies in the REITs industry, placing it in the top 79%.
Is Icade's FCF Margin % too high?
Icade's current FCF Margin % is 6.85%. The REITs industry median FCF Margin % is 40.03. Icade's value of 6.85% is 82.9% below this industry median. Based on the distribution chart, Icade ranks #739 out of 936 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Icade has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Icade's FCF Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Icade ranks #739 out of 936 companies for FCF Margin %. This places Icade in the lower half of its industry. The industry median FCF Margin % is 40.03. Icade's value of 6.85% is 82.9% 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 FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 40.03, based on 936 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. Icade's current FCF Margin % of 6.85% is 82.9% 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 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 Icade and its competitors. For the REITs industry, the median FCF Margin % is 40.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icade's current FCF Margin % is 6.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icade stock overvalued right now?
Based on GuruFocus' analysis, Icade (FRA:3IC) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.55, compared to a current price of €18.72 — trading 38.2% above its estimated fair value. The current FCF Margin % is 6.85% and 82.9% below the REITs industry median of 40.03. Icade's overall GF Score™ is 59/100 with 5 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 Icade (FRA:3IC), the current FCF Margin % is 6.85% 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 Icade (FRA:3IC) Overvalued in 2026?
Based on GuruFocus' analysis, Icade stock appears to be overvalued.
The current stock price of €18.72 is trading 38.2% above its estimated GF Value™ of €13.55.
GuruFocus considers Icade to be Significantly Overvalued.
Key valuation signals for FRA:3IC:
FCF Margin %: 6.85%
GF Value™: €13.55 vs. price of €18.72 (38.2% above fair value)
Industry Position: 82.9% below the REITs median (#739 of 936)
No single metric tells the full story. See the FRA:3IC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icade is a French real estate investment trust involved in the ownership and management of commercial property around Paris. The company's real estate portfolio consists of offices, business premises (TV and photo studios, data centers, warehouses, etc.), other assets such as hotels, shops, and land reserves. Its flagship projects include EDENN, HYFIVE, and EQHO. The company has two operating segments: the Property Investment business and the Property Development business. The majority of revenue is derived from the Property Investment business, which focuses on holding and developing office properties and business parks for the rental of these assets and active management of this asset portfolio.
59GF Score
Get the complete analysis for FRA:3IC
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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