Primary Health Properties (JSE:PHP) FCF Margin %: 98.69% (As of Jun. 2026) — 13% Above Median

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JSE:PHP Primary Health Properties PLC JSE:PHP
38 GF Score
Price R21.02
GF Value R43.08
Valuation Possible Value Trap
! 5 Warning Signs
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What is Primary Health Properties FCF Margin %?

Primary Health Properties JSE:PHP -2.32% 38 FCF Margin % is 98.69% as of Jun. 2026, which is 13% above its 10-year median of 86.96. GuruFocus rates JSE:PHP with a GF Score™ of 38/100 and a GF Value™ of R43.08 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 932 REITs companies, Primary Health Properties ranks better than 87.98% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Primary Health Properties's Free Cash Flow for the six months ended in Jun. 2026 was R3,300 Mil. Primary Health Properties's Revenue for the six months ended in Jun. 2026 was R3,343 Mil. Therefore, Primary Health Properties's FCF Margin % for the quarter that ended in Jun. 2026 was 98.69%.

As of today, Primary Health Properties's current FCF Yield % is 10.25%.

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

JSE:PHP' s FCF Margin % Range Over the Past 10 Years
Min: -202.15   Med: 86.96   Max: 204.91
Current: 86.54


During the past 13 years, the highest FCF Margin % of Primary Health Properties was 204.91%. The lowest was -202.15%. And the median was 86.96%.

JSE:PHP's FCF Margin % is ranked better than
87.98% of 932 companies
in the REITs industry
Industry Median: 40.925 vs JSE:PHP: 86.54


Primary Health Properties FCF Margin % Related Terms


Primary Health Properties FCF Margin % Historical Data

* Premium members only.

The historical data trend for Primary Health Properties'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.

Primary Health Properties FCF Margin % Chart

Primary Health Properties 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 63.04 137.38 204.91 146.24 79.91

Primary Health Properties Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 237.32 106.19 90.36 73.76 98.69

JSE:PHP vs WELL, VTR, OHI: FCF Margin % Comparison

For the REIT - Healthcare Facilities subindustry, Primary Health Properties'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.


Primary Health Properties FCF Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Primary Health Properties's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Primary Health Properties's FCF Margin % falls into.


JSE:PHP
38GF Score
Primary Health Properties PLC JSE:PHP
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Primary Health Properties FCF Margin % Calculation

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

Primary Health Properties'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 )
=4033.539/5047.557
=79.91 %

Primary Health Properties's FCF Margin for the quarter that ended in Jun. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=3299.571/3343.274
=98.69 %

* 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 98.69% mean?
Primary Health Properties (JSE:PHP) has a FCF Margin % of 98.69% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Primary Health Properties and its competitors. This is 13% above median its historical median of 86.96. According to the industry distribution chart, Primary Health Properties ranks #112 out of 932 companies in the REITs industry, placing it in the top 12%.
Is Primary Health Properties' FCF Margin % too high?
Primary Health Properties' current FCF Margin % of 98.69% is 13% above median its 10-year median of 86.96. The REITs industry median FCF Margin % is 40.93. Primary Health Properties' value of 98.69% is 141.1% above this industry median. Based on the distribution chart, Primary Health Properties ranks #112 out of 932 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Primary Health Properties has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Primary Health Properties' FCF Margin % compare to WELL and VTR?
According to the REITs industry distribution chart, Primary Health Properties ranks #112 out of 932 companies for FCF Margin %. This places Primary Health Properties in the top 12% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 40.93. Primary Health Properties' value of 98.69% is 141.1% above this benchmark. While the company's 10-year median is 86.96 vs. the industry median of 40.93, Primary Health Properties has consistently been above the industry average. 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 40.93, based on 932 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. Primary Health Properties's current FCF Margin % of 98.69% is 141.1% above 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 Primary Health Properties and its competitors. For the REITs industry, the median FCF Margin % is 40.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primary Health Properties's current FCF Margin % is 98.69%, which is 13% above median its own 10-year median of 86.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primary Health Properties stock overvalued right now?
Based on GuruFocus' analysis, Primary Health Properties (JSE:PHP) is currently considered Possible Value Trap. The stock's GF Value™ is R43.08, compared to a current price of R21.02 — trading 51.2% below its estimated fair value. The current FCF Margin % is 98.69%, which is 13% above median its 10-year median of 86.96 and 141.1% above the REITs industry median of 40.93. Primary Health Properties' overall GF Score™ is 38/100 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 Primary Health Properties (JSE:PHP), the current FCF Margin % is 98.69% as of Jun. 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 Primary Health Properties (JSE:PHP) Overvalued in 2026?

Based on GuruFocus' analysis, Primary Health Properties stock appears to be undervalued. The current stock price of R21.02 is trading 51.2% below its estimated GF Value™ of R43.08. GuruFocus considers Primary Health Properties to be Possible Value Trap.

Key valuation signals for JSE:PHP:

  • FCF Margin %: 98.69% (13% above median its 10-year median of 86.96)
  • GF Value™: R43.08 vs. price of R21.02 (51.2% below fair value)
  • GF Score™: 38/100 with 5 warning signs
  • Industry Position: 141.1% above the REITs median (#112 of 932)

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


Primary Health Properties Business Description

Industry Real EstateREITs
Address 15-16 Buckingham Street, 5th Floor, Burdett House, London, GBR, WC2N 6DU
Primary Health Properties PLC is a UK-based real estate investment trust. The company is engaged in making investments in integrated healthcare properties. Its services include Acquisition and development, Property management, Landlord and tenant, Asset management, and Finance. It seeks the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom and Ireland. It receives rental income on property investments.
38GF Score

Get the complete analysis for JSE:PHP

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

R21.02
Price
R43.08
GF Value