Zest SpAMIL:ZEST -0.43%23 FCF Margin % is -50.11% as of Dec. 2025. GuruFocus rates MIL:ZEST with a GF Score™ of 23/100 and a GF Value™ of €0.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,461 Asset Management companies, Zest SpA ranks worse than 74.4% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Zest SpA's Free Cash Flow for the
six
months ended in Dec. 2025 was €-1.88 Mil. Zest SpA's Revenue for the
six
months ended in Dec. 2025 was €3.75 Mil. Therefore, Zest SpA's FCF Margin % for the quarter that ended in Dec. 2025 was -50.11%.
The historical rank and industry rank for Zest SpA's FCF Margin % or its related term are showing as below:
MIL:ZEST'
s FCF Margin % Range Over the Past 10 Years
Min: -115.29 Med: -29.42 Max: -3.63
Current: -20.29
During the past 13 years, the highest FCF Margin % of Zest SpA was -3.63%. The lowest was -115.29%. And the median was -29.42%.
MIL:ZEST's FCF Margin % is ranked worse than 74.4% of 1461
companies
in the Asset Management industry
Industry Median: 14.62
vs MIL:ZEST: -20.29
Zest SpA FCF Margin % Related Terms
Zest SpA FCF Margin % Historical Data
* Premium members only.
The historical data trend for Zest SpA'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.
For the Asset Management subindustry, Zest SpA'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.
Zest SpA FCF Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Zest SpA's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Zest SpA's FCF Margin % falls into.
* 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.
Zest SpA (MIL:ZEST) has a FCF Margin % of -50.11% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Zest SpA and its competitors. According to the industry distribution chart, Zest SpA ranks #1087 out of 1461 companies in the Asset Management industry, placing it in the top 74.4%.
Is Zest SpA's FCF Margin % too high?
Zest SpA's current FCF Margin % is -50.11%. Based on the distribution chart, Zest SpA ranks #1087 out of 1461 companies in the Asset Management industry, which is below the industry midpoint. Overall, Zest SpA has a GF Score™ of 23/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zest SpA's FCF Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Zest SpA ranks #1087 out of 1461 companies for FCF Margin %. This places Zest SpA in the lower half of its industry. The industry median FCF Margin % is 14.62. 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 an Asset Management company?
The median FCF Margin % among Asset Management companies is 14.62, based on 1,461 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 Zest SpA and its competitors. For the Asset Management industry, the median FCF Margin % is 14.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zest SpA's current FCF Margin % is -50.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zest SpA stock overvalued right now?
Based on GuruFocus' analysis, Zest SpA (MIL:ZEST) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.14, compared to a current price of €0.12 — trading 17.9% below its estimated fair value. The current FCF Margin % is -50.11%. Zest SpA's overall GF Score™ is 23/100 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 Zest SpA (MIL:ZEST), the current FCF Margin % is -50.11% 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 Zest SpA (MIL:ZEST) Overvalued in 2026?
Based on GuruFocus' analysis, Zest SpA stock appears to be undervalued.
The current stock price of €0.12 is trading 17.9% below its estimated GF Value™ of €0.14.
GuruFocus considers Zest SpA to be Modestly Undervalued.
Key valuation signals for MIL:ZEST:
FCF Margin %: -50.11%
GF Value™: €0.14 vs. price of €0.12 (17.9% below fair value)
No single metric tells the full story. See the MIL:ZEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.
23GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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