Heiwa Paper Co (TSE:9929) FCF Margin %: 10.15% (As of Mar. 2026) — 641% Above Median


TSE:9929 Heiwa Paper Co Ltd TSE:9929
70 GF Score
Price 円467.00
GF Value 円437.78
Valuation Fairly Valued
! 5 Warning Signs
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What is Heiwa Paper Co FCF Margin %?

Heiwa Paper Co TSE:9929 +0.86% 70 FCF Margin % is 10.15% as of Mar. 2026, which is 641% above its 10-year median of 1.37. GuruFocus rates TSE:9929 with a GF Score™ of 70/100 and a GF Value™ of 円437.78 (Fairly Valued). The stock has 5 warning signs investors should review. Among 281 Forest Products companies, Heiwa Paper Co ranks better than 64.77% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Heiwa Paper Co's Free Cash Flow for the six months ended in Mar. 2026 was 円835 Mil. Heiwa Paper Co's Revenue for the six months ended in Mar. 2026 was 円8,223 Mil. Therefore, Heiwa Paper Co's FCF Margin % for the quarter that ended in Mar. 2026 was 10.15%.

As of today, Heiwa Paper Co's current FCF Yield % is 11.75%.

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

TSE:9929' s FCF Margin % Range Over the Past 10 Years
Min: -7.08   Med: 1.37   Max: 3.22
Current: 3.22


During the past 13 years, the highest FCF Margin % of Heiwa Paper Co was 3.22%. The lowest was -7.08%. And the median was 1.37%.

TSE:9929's FCF Margin % is ranked better than
64.77% of 281 companies
in the Forest Products industry
Industry Median: 0.02 vs TSE:9929: 3.22


Heiwa Paper Co FCF Margin % Related Terms


Heiwa Paper Co FCF Margin % Historical Data

* Premium members only.

The historical data trend for Heiwa Paper Co'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.

Heiwa Paper Co FCF Margin % Chart

Heiwa Paper Co 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 1.45 -7.08 0.48 -1.65 3.22

Heiwa Paper Co 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 3.68 1.77 -4.83 -4.31 10.15

Heiwa Paper Co FCF Margin % Competitor Comparison

For the Paper & Paper Products subindustry, Heiwa Paper Co'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.


Heiwa Paper Co FCF Margin % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Heiwa Paper Co's FCF Margin % falls into.


TSE:9929
70GF Score
Heiwa Paper Co Ltd TSE:9929
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Heiwa Paper Co FCF Margin % Calculation

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

Heiwa Paper Co'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 )
=507.996/15796.925
=3.22 %

Heiwa Paper Co'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 )
=834.597/8223.452
=10.15 %

* 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 10.15% mean?
Heiwa Paper Co (TSE:9929) has a FCF Margin % of 10.15% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Heiwa Paper Co and its competitors. This is 641% above median its historical median of 1.37. According to the industry distribution chart, Heiwa Paper Co ranks #99 out of 281 companies in the Forest Products industry, placing it in the top 35.2%.
Is Heiwa Paper Co's FCF Margin % too high?
Heiwa Paper Co's current FCF Margin % of 10.15% is 641% above median its 10-year median of 1.37. The Forest Products industry median FCF Margin % is 0.02. Heiwa Paper Co's value of 10.15% is 50650% above this industry median. Based on the distribution chart, Heiwa Paper Co ranks #99 out of 281 companies in the Forest Products industry, which is above the industry midpoint. Overall, Heiwa Paper Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Paper Co's FCF Margin % compare to competitors?
According to the Forest Products industry distribution chart, Heiwa Paper Co ranks #99 out of 281 companies for FCF Margin %. This puts Heiwa Paper Co in the upper half of its industry. The industry median FCF Margin % is 0.02. Heiwa Paper Co's value of 10.15% is 50650% above this benchmark. While the company's 10-year median is 1.37 vs. the industry median of 0.02, Heiwa Paper Co 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 Forest Products company?
The median FCF Margin % among Forest Products companies is 0.02, based on 281 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. Heiwa Paper Co's current FCF Margin % of 10.15% is 50650% 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 Heiwa Paper Co and its competitors. For the Forest Products industry, the median FCF Margin % is 0.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Paper Co's current FCF Margin % is 10.15%, which is 641% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.78, compared to a current price of 円467.00 — trading 6.7% above its estimated fair value. The current FCF Margin % is 10.15%, which is 641% above median its 10-year median of 1.37 and 50650% above the Forest Products industry median of 0.02. Heiwa Paper Co's overall GF Score™ is 70/100 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 Heiwa Paper Co (TSE:9929), the current FCF Margin % is 10.15% 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 Heiwa Paper Co (TSE:9929) Overvalued in 2026?

Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued. The current stock price of 円467.00 is trading 6.7% above its estimated GF Value™ of 円437.78. GuruFocus considers Heiwa Paper Co to be Fairly Valued.

Key valuation signals for TSE:9929:

  • FCF Margin %: 10.15% (641% above median its 10-year median of 1.37)
  • GF Value™: 円437.78 vs. price of 円467.00 (6.7% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 50650% above the Forest Products median (#99 of 281)

No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heiwa Paper Co Business Description

Address 1-22-11, Shinkawa Chuo-ku, Tokyo, JPN, 104-0033
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
70GF Score

Get the complete analysis for TSE:9929

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

円467.00
Price
円437.78
GF Value