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Asset PlusNZSE:APL -1.76%43 FCF Margin % is 60.64% as of Mar. 2026, which is 90% above its 10-year median of 31.99. GuruFocus rates NZSE:APL with a GF Score™ of 43/100 and a GF Value™ of NZ$0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 937 REITs companies, Asset Plus ranks better than 56.46% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Asset Plus's Free Cash Flow for the
six
months ended in Mar. 2026 was NZ$2.04 Mil. Asset Plus's Revenue for the
six
months ended in Mar. 2026 was NZ$3.36 Mil. Therefore, Asset Plus's FCF Margin % for the quarter that ended in Mar. 2026 was 60.64%.
The historical rank and industry rank for Asset Plus's FCF Margin % or its related term are showing as below:
NZSE:APL'
s FCF Margin % Range Over the Past 10 Years
Min: -2.01 Med: 31.99 Max: 47
Current: 47
During the past 13 years, the highest FCF Margin % of Asset Plus was 47.00%. The lowest was -2.01%. And the median was 31.99%.
NZSE:APL's FCF Margin % is ranked better than 56.46% of 937
companies
in the REITs industry
Industry Median: 39.9
vs NZSE:APL: 47.00
Asset Plus FCF Margin % Related Terms
Asset Plus FCF Margin % Historical Data
* Premium members only.
The historical data trend for Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: FCF Margin % Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Asset Plus'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.
Asset Plus (NZSE:APL) has a FCF Margin % of 60.64% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Asset Plus and its competitors. This is 90% above median its historical median of 31.99. According to the industry distribution chart, Asset Plus ranks #408 out of 937 companies in the REITs industry, placing it in the top 43.5%.
Is Asset Plus' FCF Margin % too high?
Asset Plus' current FCF Margin % of 60.64% is 90% above median its 10-year median of 31.99. The REITs industry median FCF Margin % is 39.90. Asset Plus' value of 60.64% is 52% above this industry median. Based on the distribution chart, Asset Plus ranks #408 out of 937 companies in the REITs industry, which is above the industry midpoint. Overall, Asset Plus has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' FCF Margin % compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #408 out of 937 companies for FCF Margin %. This puts Asset Plus in the upper half of its industry. The industry median FCF Margin % is 39.90. Asset Plus' value of 60.64% is 52% above this benchmark. While the company's 10-year median is 31.99 vs. the industry median of 39.90, Asset Plus 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 39.90, based on 937 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. Asset Plus's current FCF Margin % of 60.64% is 52% 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 Asset Plus and its competitors. For the REITs industry, the median FCF Margin % is 39.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current FCF Margin % is 60.64%, which is 90% above median its own 10-year median of 31.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Based on GuruFocus' analysis, Asset Plus (NZSE:APL) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.23, compared to a current price of NZ$0.17 — trading 27.4% below its estimated fair value. The current FCF Margin % is 60.64%, which is 90% above median its 10-year median of 31.99 and 52% above the REITs industry median of 39.90. Asset Plus' overall GF Score™ is 43/100 with 2 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 Asset Plus (NZSE:APL), the current FCF Margin % is 60.64% 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 Asset Plus (NZSE:APL) Overvalued in 2026?
Based on GuruFocus' analysis, Asset Plus stock appears to be undervalued.
The current stock price of NZ$0.17 is trading 27.4% below its estimated GF Value™ of NZ$0.23.
GuruFocus considers Asset Plus to be Modestly Undervalued.
Key valuation signals for NZSE:APL:
FCF Margin %: 60.64% (90% above median its 10-year median of 31.99)
GF Value™: NZ$0.23 vs. price of NZ$0.17 (27.4% below fair value)
Industry Position: 52% above the REITs median (#408 of 937)
No single metric tells the full story. See the NZSE:APL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
43GF Score
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