Sappi (FRA:SPI) FCF Margin %: -3.97% (As of Mar. 2026)


FRA:SPI Sappi Ltd FRA:SPI
52 GF Score
Price €0.57
GF Value €1.66
Valuation Possible Value Trap
! 6 Warning Signs
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What is Sappi FCF Margin %?

Sappi FRA:SPI +3.64% 52 FCF Margin % is -3.97% as of Mar. 2026. GuruFocus rates FRA:SPI with a GF Score™ of 52/100 and a GF Value™ of €1.66 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 279 Forest Products companies, Sappi ranks worse than 62.01% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Sappi's Free Cash Flow for the three months ended in Mar. 2026 was €-46 Mil. Sappi's Revenue for the three months ended in Mar. 2026 was €1,154 Mil. Therefore, Sappi's FCF Margin % for the quarter that ended in Mar. 2026 was -3.97%.

As of today, Sappi's current FCF Yield % is -42.69%.

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

FRA:SPI' s FCF Margin % Range Over the Past 10 Years
Min: -7.62   Med: 0.33   Max: 6.85
Current: -2.9


During the past 13 years, the highest FCF Margin % of Sappi was 6.85%. The lowest was -7.62%. And the median was 0.33%.

FRA:SPI's FCF Margin % is ranked worse than
62.01% of 279 companies
in the Forest Products industry
Industry Median: 0.06 vs FRA:SPI: -2.90


Sappi FCF Margin % Related Terms


Sappi FCF Margin % Historical Data

* Premium members only.

The historical data trend for Sappi'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.

Sappi FCF Margin % Chart

Sappi Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 6.85 3.39 -6.39 -7.62

Sappi 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 -15.29 -9.99 2.52 -0.23 -3.97

FRA:SPI vs SLVM: FCF Margin % Comparison

For the Paper & Paper Products subindustry, Sappi'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.


Sappi FCF Margin % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sappi's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Sappi's FCF Margin % falls into.


FRA:SPI
52GF Score
Sappi Ltd FRA:SPI
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sappi FCF Margin % Calculation

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

Sappi's FCF Margin for the fiscal year that ended in Sep. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Sep. 2025 )/Revenue (A: Sep. 2025 )
=-351.876/4617.84
=-7.62 %

Sappi'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 )
=-45.845/1153.91
=-3.97 %

* 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 -3.97% mean?
Sappi (FRA:SPI) has a FCF Margin % of -3.97% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Sappi and its competitors. According to the industry distribution chart, Sappi ranks #173 out of 279 companies in the Forest Products industry, placing it in the top 62%.
Is Sappi's FCF Margin % too high?
Sappi's current FCF Margin % is -3.97%. Based on the distribution chart, Sappi ranks #173 out of 279 companies in the Forest Products industry, which is below the industry midpoint. Overall, Sappi has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sappi's FCF Margin % compare to SLVM?
According to the Forest Products industry distribution chart, Sappi ranks #173 out of 279 companies for FCF Margin %. This places Sappi in the lower half of its industry. The industry median FCF Margin % is 0.06. 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 Forest Products company?
The median FCF Margin % among Forest Products companies is 0.06, based on 279 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 Sappi and its competitors. For the Forest Products industry, the median FCF Margin % is 0.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sappi's current FCF Margin % is -3.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sappi stock overvalued right now?
Based on GuruFocus' analysis, Sappi (FRA:SPI) is currently considered Possible Value Trap. The stock's GF Value™ is €1.66, compared to a current price of €0.57 — trading 65.7% below its estimated fair value. The current FCF Margin % is -3.97%. Sappi's overall GF Score™ is 52/100 with 6 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 Sappi (FRA:SPI), the current FCF Margin % is -3.97% 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 Sappi (FRA:SPI) Overvalued in 2026?

Based on GuruFocus' analysis, Sappi stock appears to be undervalued. The current stock price of €0.57 is trading 65.7% below its estimated GF Value™ of €1.66. GuruFocus considers Sappi to be Possible Value Trap.

Key valuation signals for FRA:SPI:

  • FCF Margin %: -3.97%
  • GF Value™: €1.66 vs. price of €0.57 (65.7% below fair value)
  • GF Score™: 52/100 with 6 warning signs

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


Sappi Business Description

Address 108 Oxford Road, Ground Floor, Houghton Estate, Rosebank, Oxford Room, Johannesburg, GT, ZAF, 2198
Sappi Ltd is engaged in the manufacturing of sustainable woodfibre-based products including specialty and packaging papers, graphic papers, release papers, pulp, and biomaterials like lignin and furfural from renewable resources. The products and services include Dissolving pulp, Graphic papers, Packaging and specialty papers, Casting and release papers, Biomaterials and Bio-energy. The company's geographical segments include Europe, North America and South Africa. The majority of revenue is generated from South Africa.
52GF Score

Get the complete analysis for FRA:SPI

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

€0.57
Price
€1.66
GF Value