Merafe Resources (JSE:MRF) FCF Margin %: 16.08% (As of Dec. 2025) — 156% Above Median


JSE:MRF Merafe Resources Ltd JSE:MRF
64 GF Score
Price R1.29
GF Value R0.99
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Merafe Resources FCF Margin %?

Merafe Resources JSE:MRF +0.78% 64 FCF Margin % is 16.08% as of Dec. 2025, which is 156% above its 10-year median of 6.27. GuruFocus rates JSE:MRF with a GF Score™ of 64/100 and a GF Value™ of R0.99 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 847 Metals & Mining companies, Merafe Resources ranks better than 63.4% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Merafe Resources's Free Cash Flow for the six months ended in Dec. 2025 was R527 Mil. Merafe Resources's Revenue for the six months ended in Dec. 2025 was R3,276 Mil. Therefore, Merafe Resources's FCF Margin % for the quarter that ended in Dec. 2025 was 16.08%.

As of today, Merafe Resources's current FCF Yield % is 5.11%.

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

JSE:MRF' s FCF Margin % Range Over the Past 10 Years
Min: 1.18   Med: 6.27   Max: 16.91
Current: 2.82


During the past 13 years, the highest FCF Margin % of Merafe Resources was 16.91%. The lowest was 1.18%. And the median was 6.27%.

JSE:MRF's FCF Margin % is ranked better than
63.4% of 847 companies
in the Metals & Mining industry
Industry Median: -2.17 vs JSE:MRF: 2.82


Merafe Resources FCF Margin % Related Terms


Merafe Resources FCF Margin % Historical Data

* Premium members only.

The historical data trend for Merafe Resources'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.

Merafe Resources FCF Margin % Chart

Merafe Resources 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 8.26 15.29 13.07 12.82 2.82

Merafe Resources 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 14.30 12.62 13.08 -14.43 16.08

Merafe Resources FCF Margin % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Merafe Resources'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.


Merafe Resources FCF Margin % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Merafe Resources's FCF Margin % distribution charts can be found below:

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


JSE:MRF
64GF Score
Merafe Resources Ltd JSE:MRF
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Merafe Resources FCF Margin % Calculation

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

Merafe Resources'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 )
=163.283/5795.836
=2.82 %

Merafe Resources'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 )
=526.749/3276.386
=16.08 %

* 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 16.08% mean?
Merafe Resources (JSE:MRF) has a FCF Margin % of 16.08% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Merafe Resources and its competitors. This is 156% above median its historical median of 6.27. Over the past decade, Merafe Resources' FCF Margin % has ranged from 1.18 to 16.91. According to the industry distribution chart, Merafe Resources ranks #310 out of 847 companies in the Metals & Mining industry, placing it in the top 36.6%.
Is Merafe Resources' FCF Margin % too high?
Merafe Resources' current FCF Margin % of 16.08% is 156% above median its 10-year median of 6.27. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 16.91. Based on the distribution chart, Merafe Resources ranks #310 out of 847 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Merafe Resources has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' FCF Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Merafe Resources ranks #310 out of 847 companies for FCF Margin %. This puts Merafe Resources in the upper half of its industry. Historically, Merafe Resources' own FCF Margin % has ranged from 1.18 to 16.91 over the past decade. 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 Metals & Mining company?
A good FCF Margin % depends on the Metals & Mining industry context. 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 Merafe Resources and its competitors. Merafe Resources's current FCF Margin % is 16.08%, which is 156% above median its own 10-year median of 6.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Based on GuruFocus' analysis, Merafe Resources (JSE:MRF) is currently considered Modestly Overvalued. The stock's GF Value™ is R0.99, compared to a current price of R1.29 — trading 30.3% above its estimated fair value. The current FCF Margin % is 16.08%, which is 156% above median its 10-year median of 6.27. Merafe Resources' overall GF Score™ is 64/100 with 9 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 Merafe Resources (JSE:MRF), the current FCF Margin % is 16.08% 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 Merafe Resources (JSE:MRF) Overvalued in 2026?

Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued. The current stock price of R1.29 is trading 30.3% above its estimated GF Value™ of R0.99. GuruFocus considers Merafe Resources to be Modestly Overvalued.

Key valuation signals for JSE:MRF:

  • FCF Margin %: 16.08% (156% above median its 10-year median of 6.27)
  • GF Value™: R0.99 vs. price of R1.29 (30.3% above fair value)
  • GF Score™: 64/100 with 9 warning signs

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


Merafe Resources Business Description

Other Exchanges RZT:Germany
Address 35 Ballyclare Drive, Building B, 2nd Floor, Ballyoaks Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
64GF Score

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

R1.29
Price
R0.99
GF Value