Atled (TSE:3969) FCF Margin %: 31.64% (As of Mar. 2026) — 25% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3969 Atled Corp TSE:3969
94 GF Score
Price 円1,406.00
GF Value 円1,722.96
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Atled FCF Margin %?

Atled TSE:3969 +0.14% 94 FCF Margin % is 31.64% as of Mar. 2026, which is 25% above its 10-year median of 25.30. GuruFocus rates TSE:3969 with a GF Score™ of 94/100 and a GF Value™ of 円1,722.96 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,817 Software companies, Atled ranks better than 93.01% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Atled's Free Cash Flow for the six months ended in Mar. 2026 was 円474 Mil. Atled's Revenue for the six months ended in Mar. 2026 was 円1,497 Mil. Therefore, Atled's FCF Margin % for the quarter that ended in Mar. 2026 was 31.64%.

As of today, Atled's current FCF Yield % is 7.50%.

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

TSE:3969' s FCF Margin % Range Over the Past 10 Years
Min: 21.67   Med: 25.3   Max: 37.18
Current: 27.15


During the past 12 years, the highest FCF Margin % of Atled was 37.18%. The lowest was 21.67%. And the median was 25.30%.

TSE:3969's FCF Margin % is ranked better than
93.01% of 2817 companies
in the Software industry
Industry Median: 2.3 vs TSE:3969: 27.15


Atled FCF Margin % Related Terms


Atled FCF Margin % Historical Data

* Premium members only.

The historical data trend for Atled'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.

Atled FCF Margin % Chart

Atled Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.18 22.29 25.29 25.11 27.15

Atled Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 25.52 23.22 26.98 22.36 31.64

TSE:3969 vs UBER, SHOP, CRM: FCF Margin % Comparison

For the Software - Application subindustry, Atled'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.


Atled FCF Margin % vs Software Industry

For the Software industry and Technology sector, Atled's FCF Margin % distribution charts can be found below:

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


TSE:3969
94GF Score
Atled Corp TSE:3969
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atled FCF Margin % Calculation

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

Atled'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 )
=787.967/2902.765
=27.15 %

Atled'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 )
=473.736/1497.412
=31.64 %

* 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 31.64% mean?
Atled (TSE:3969) has a FCF Margin % of 31.64% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Atled and its competitors. This is 25% above median its historical median of 25.30. Over the past decade, Atled's FCF Margin % has ranged from 21.67 to 37.18. According to the industry distribution chart, Atled ranks #197 out of 2817 companies in the Software industry, placing it in the top 7%.
Is Atled's FCF Margin % too high?
Atled's current FCF Margin % of 31.64% is 25% above median its 10-year median of 25.30. Over the past 10 years, this metric has ranged from a low of 21.67 to a high of 37.18. The Software industry median FCF Margin % is 2.30. Atled's value of 31.64% is 1275.7% above this industry median. Based on the distribution chart, Atled ranks #197 out of 2817 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Atled has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atled's FCF Margin % compare to UBER and SHOP?
According to the Software industry distribution chart, Atled ranks #197 out of 2817 companies for FCF Margin %. This places Atled in the top 7% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 2.30. Atled's value of 31.64% is 1275.7% above this benchmark. Historically, Atled's own FCF Margin % has ranged from 21.67 to 37.18 over the past decade. While the company's 10-year median is 25.30 vs. the industry median of 2.30, Atled 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 Software company?
The median FCF Margin % among Software companies is 2.30, based on 2,817 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. Atled's current FCF Margin % of 31.64% is 1275.7% 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 Atled and its competitors. For the Software industry, the median FCF Margin % is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atled's current FCF Margin % is 31.64%, which is 25% above median its own 10-year median of 25.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atled stock overvalued right now?
Based on GuruFocus' analysis, Atled (TSE:3969) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,722.96, compared to a current price of 円1,406.00 — trading 18.4% below its estimated fair value. The current FCF Margin % is 31.64%, which is 25% above median its 10-year median of 25.30 and 1275.7% above the Software industry median of 2.30. Atled's overall GF Score™ is 94/100 with 4 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 Atled (TSE:3969), the current FCF Margin % is 31.64% 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 Atled (TSE:3969) Overvalued in 2026?

Based on GuruFocus' analysis, Atled stock appears to be undervalued. The current stock price of 円1,406.00 is trading 18.4% below its estimated GF Value™ of 円1,722.96. GuruFocus considers Atled to be Modestly Undervalued.

Key valuation signals for TSE:3969:

  • FCF Margin %: 31.64% (25% above median its 10-year median of 25.30)
  • GF Value™: 円1,722.96 vs. price of 円1,406.00 (18.4% below fair value)
  • GF Score™: 94/100 with 4 warning signs
  • Industry Position: 1275.7% above the Software median (#197 of 2817)

No single metric tells the full story. See the TSE:3969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Atled Business Description

Address Shibuya Cross Tower, 1st Floor, Shibuya 2-chome 15, Shibuya-ku, Tokyo, JPN, 150-0002
Atled Corp provides information technology services. It is engaged in product development and cloud services. Its products include Agile works, X-point cloud, X-point, Atled work platform.
94GF Score

Get the complete analysis for TSE:3969

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

円1,406.00
Price
円1,722.96
GF Value