China Merchants Land (HKSE:00978) FCF Margin %: -11.12% (As of Dec. 2025)


HKSE:00978 China Merchants Land Ltd HKSE:00978
44 GF Score
Price HK$0.23
GF Value HK$0.32
Valuation Modestly Undervalued
! 8 Warning Signs
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What is China Merchants Land FCF Margin %?

China Merchants Land HKSE:00978 -0.43% 44 FCF Margin % is -11.12% as of Dec. 2025. GuruFocus rates HKSE:00978 with a GF Score™ of 44/100 and a GF Value™ of HK$0.32 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,754 Real Estate companies, China Merchants Land ranks worse than 66.13% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. China Merchants Land's Free Cash Flow for the six months ended in Dec. 2025 was HK$-2,622 Mil. China Merchants Land's Revenue for the six months ended in Dec. 2025 was HK$23,587 Mil. Therefore, China Merchants Land's FCF Margin % for the quarter that ended in Dec. 2025 was -11.12%.

As of today, China Merchants Land's current FCF Yield % is -104.23%.

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

HKSE:00978' s FCF Margin % Range Over the Past 10 Years
Min: -23.63   Med: 11.27   Max: 40.39
Current: -4.13


During the past 13 years, the highest FCF Margin % of China Merchants Land was 40.39%. The lowest was -23.63%. And the median was 11.27%.

HKSE:00978's FCF Margin % is ranked worse than
66.13% of 1754 companies
in the Real Estate industry
Industry Median: 6.17 vs HKSE:00978: -4.13


China Merchants Land FCF Margin % Related Terms


China Merchants Land FCF Margin % Historical Data

* Premium members only.

The historical data trend for China Merchants Land'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.

China Merchants Land FCF Margin % Chart

China Merchants Land 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 -23.63 17.14 -1.97 31.68 -4.07

China Merchants Land Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -22.72 34.57 30.70 26.62 -11.12

China Merchants Land FCF Margin % Competitor Comparison

For the Real Estate - Diversified subindustry, China Merchants Land'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.


China Merchants Land FCF Margin % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, China Merchants Land's FCF Margin % distribution charts can be found below:

* The bar in red indicates where China Merchants Land's FCF Margin % falls into.


HKSE:00978
44GF Score
China Merchants Land Ltd HKSE:00978
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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China Merchants Land FCF Margin % Calculation

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

China Merchants Land'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 )
=-1181.178/28999.631
=-4.07 %

China Merchants Land's FCF Margin for the quarter that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-2621.875/23587.411
=-11.12 %

* 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 -11.12% mean?
China Merchants Land (HKSE:00978) has a FCF Margin % of -11.12% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on China Merchants Land and its competitors. According to the industry distribution chart, China Merchants Land ranks #1160 out of 1754 companies in the Real Estate industry, placing it in the top 66.1%.
Is China Merchants Land's FCF Margin % too high?
China Merchants Land's current FCF Margin % is -11.12%. Based on the distribution chart, China Merchants Land ranks #1160 out of 1754 companies in the Real Estate industry, which is below the industry midpoint. Overall, China Merchants Land has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Land's FCF Margin % compare to competitors?
According to the Real Estate industry distribution chart, China Merchants Land ranks #1160 out of 1754 companies for FCF Margin %. This places China Merchants Land in the lower half of its industry. The industry median FCF Margin % is 6.17. 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 Real Estate company?
The median FCF Margin % among Real Estate companies is 6.17, based on 1,754 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 China Merchants Land and its competitors. For the Real Estate industry, the median FCF Margin % is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Land's current FCF Margin % is -11.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Land stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Land (HKSE:00978) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.32, compared to a current price of HK$0.23 — trading 26.9% below its estimated fair value. The current FCF Margin % is -11.12%. China Merchants Land's overall GF Score™ is 44/100 with 8 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 China Merchants Land (HKSE:00978), the current FCF Margin % is -11.12% 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 China Merchants Land (HKSE:00978) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Land stock appears to be undervalued. The current stock price of HK$0.23 is trading 26.9% below its estimated GF Value™ of HK$0.32. GuruFocus considers China Merchants Land to be Modestly Undervalued.

Key valuation signals for HKSE:00978:

  • FCF Margin %: -11.12%
  • GF Value™: HK$0.32 vs. price of HK$0.23 (26.9% below fair value)
  • GF Score™: 44/100 with 8 warning signs

No single metric tells the full story. See the HKSE:00978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Merchants Land Business Description

Other Exchanges TNY1:Germany
Address No. 303 Des Voeux Road Central, 8th Floor, China Merchants Plaza, Hong Kong, HKG
China Merchants Land Ltd is an investment holding company. The company is principally engaged in the development, sale, lease, investment and management of properties; assets management; and investment holding activities. The company has two operating segment Development and sales of properties and property leasing (Properties Segment); and Asset management for office premises and shopping malls (Asset Management Segment). The company generated majority of revenue from Properties Segment. The company has presence in Foshan, Guangzhou, Nanjing and Jurong, Chongqing, Xi'an, and Hong Kong.
44GF Score

Get the complete analysis for HKSE:00978

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

HK$0.23
Price
HK$0.32
GF Value