Emira Property Fund (JSE:EMI) FCF Margin %: -33.27% (As of Mar. 2026)


JSE:EMI Emira Property Fund Ltd JSE:EMI
59 GF Score
Price R13.57
GF Value R8.66
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Emira Property Fund FCF Margin %?

Emira Property Fund JSE:EMI -1.60% 59 FCF Margin % is -33.27% as of Mar. 2026. GuruFocus rates JSE:EMI with a GF Score™ of 59/100 and a GF Value™ of R8.66 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 936 REITs companies, Emira Property Fund ranks worse than 90.6% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Emira Property Fund's Free Cash Flow for the six months ended in Mar. 2026 was R-245 Mil. Emira Property Fund's Revenue for the six months ended in Mar. 2026 was R736 Mil. Therefore, Emira Property Fund's FCF Margin % for the quarter that ended in Mar. 2026 was -33.27%.

As of today, Emira Property Fund's current FCF Yield % is -7.28%.

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

JSE:EMI' s FCF Margin % Range Over the Past 10 Years
Min: -31.64   Med: -8.5   Max: 0.72
Current: -31.64


During the past 13 years, the highest FCF Margin % of Emira Property Fund was 0.72%. The lowest was -31.64%. And the median was -8.50%.

JSE:EMI's FCF Margin % is ranked worse than
90.6% of 936 companies
in the REITs industry
Industry Median: 40.025 vs JSE:EMI: -31.64


Emira Property Fund FCF Margin % Related Terms


Emira Property Fund FCF Margin % Historical Data

* Premium members only.

The historical data trend for Emira Property Fund'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.

Emira Property Fund FCF Margin % Chart

Emira Property Fund Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Mar24 Mar25 Mar26
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 -14.80 -2.41 -23.79 -31.64

Emira Property Fund Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23 Mar24 Sep24 Mar25 Sep25 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 -10.91 -13.30 -36.57 -29.99 -33.27

JSE:EMI vs VICI, WPC: FCF Margin % Comparison

For the REIT - Diversified subindustry, Emira Property Fund'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.


Emira Property Fund FCF Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Emira Property Fund's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Emira Property Fund's FCF Margin % falls into.


JSE:EMI
59GF Score
Emira Property Fund Ltd JSE:EMI
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Emira Property Fund FCF Margin % Calculation

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

Emira Property Fund's FCF Margin for the fiscal year that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=-461.754/1459.257
=-31.64 %

Emira Property Fund'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 )
=-244.72/735.563
=-33.27 %

* 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 -33.27% mean?
Emira Property Fund (JSE:EMI) has a FCF Margin % of -33.27% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Emira Property Fund and its competitors. According to the industry distribution chart, Emira Property Fund ranks #848 out of 936 companies in the REITs industry, placing it in the top 90.6%.
Is Emira Property Fund's FCF Margin % too high?
Emira Property Fund's current FCF Margin % is -33.27%. Based on the distribution chart, Emira Property Fund ranks #848 out of 936 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Emira Property Fund has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emira Property Fund's FCF Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Emira Property Fund ranks #848 out of 936 companies for FCF Margin %. This places Emira Property Fund in the lower half of its industry. The industry median FCF Margin % is 40.03. 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. 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 Emira Property Fund 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. Emira Property Fund's current FCF Margin % is -33.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emira Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Emira Property Fund (JSE:EMI) is currently considered Significantly Overvalued. The stock's GF Value™ is R8.66, compared to a current price of R13.57 — trading 56.7% above its estimated fair value. The current FCF Margin % is -33.27%. Emira Property Fund's overall GF Score™ is 59/100 with 7 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 Emira Property Fund (JSE:EMI), the current FCF Margin % is -33.27% 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 Emira Property Fund (JSE:EMI) Overvalued in 2026?

Based on GuruFocus' analysis, Emira Property Fund stock appears to be overvalued. The current stock price of R13.57 is trading 56.7% above its estimated GF Value™ of R8.66. GuruFocus considers Emira Property Fund to be Significantly Overvalued.

Key valuation signals for JSE:EMI:

  • FCF Margin %: -33.27%
  • GF Value™: R8.66 vs. price of R13.57 (56.7% above fair value)
  • GF Score™: 59/100 with 7 warning signs

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


Emira Property Fund Business Description

Industry Real EstateREITs
Address 33 Sloane Street, 1st Floor, Block A, Knightsbridge Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential, and industrial properties. The majority of the properties are in Gauteng, with the others in the Western Cape and KwaZulu-Natal. The company operates through five segments, namely: Office; Retail; Industrial; Residential; and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties. The residential segment comprises directly held residential property, and the corporate segment comprises the South African administration activities of the Group.
59GF Score

Get the complete analysis for JSE:EMI

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

R13.57
Price
R8.66
GF Value