Kcell JSC (XKAZ:KCEL) FCF Margin %: -38.24% (As of Mar. 2026)

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.

XKAZ:KCEL Kcell JSC XKAZ:KCEL
57 GF Score
Price ₸3,235.98
GF Value ₸3,652.09
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Kcell JSC FCF Margin %?

Kcell JSC XKAZ:KCEL +0.22% 57 FCF Margin % is -38.24% as of Mar. 2026. GuruFocus rates XKAZ:KCEL with a GF Score™ of 57/100 and a GF Value™ of ₸3,652.09 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 364 Telecommunication Services companies, Kcell JSC ranks worse than 88.46% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Kcell JSC's Free Cash Flow for the three months ended in Mar. 2026 was ₸-25,629 Mil. Kcell JSC's Revenue for the three months ended in Mar. 2026 was ₸67,028 Mil. Therefore, Kcell JSC's FCF Margin % for the quarter that ended in Mar. 2026 was -38.24%.

As of today, Kcell JSC's current FCF Yield % is -5.64%.

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

XKAZ:KCEL' s FCF Margin % Range Over the Past 10 Years
Min: -35.69   Med: 6.48   Max: 22.1
Current: -13.91


During the past 13 years, the highest FCF Margin % of Kcell JSC was 22.10%. The lowest was -35.69%. And the median was 6.48%.

XKAZ:KCEL's FCF Margin % is ranked worse than
88.46% of 364 companies
in the Telecommunication Services industry
Industry Median: 8.275 vs XKAZ:KCEL: -13.91


Kcell JSC FCF Margin % Related Terms


Kcell JSC FCF Margin % Historical Data

* Premium members only.

The historical data trend for Kcell JSC'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.

Kcell JSC FCF Margin % Chart

Kcell JSC 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 22.10 12.90 -35.69 -0.13 -8.59

Kcell JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 -18.57 -8.14 -3.31 -5.40 -38.24

XKAZ:KCEL vs VZ, TMUS, T: FCF Margin % Comparison

For the Telecom Services subindustry, Kcell JSC'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.


Kcell JSC FCF Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kcell JSC's FCF Margin % distribution charts can be found below:

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


XKAZ:KCEL
57GF Score
Kcell JSC XKAZ:KCEL
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kcell JSC FCF Margin % Calculation

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

Kcell JSC'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 )
=-21879/254749
=-8.59 %

Kcell JSC'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 )
=-25629/67028
=-38.24 %

* 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 -38.24% mean?
Kcell JSC (XKAZ:KCEL) has a FCF Margin % of -38.24% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Kcell JSC and its competitors. According to the industry distribution chart, Kcell JSC ranks #322 out of 364 companies in the Telecommunication Services industry, placing it in the top 88.5%.
Is Kcell JSC's FCF Margin % too high?
Kcell JSC's current FCF Margin % is -38.24%. Based on the distribution chart, Kcell JSC ranks #322 out of 364 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Kcell JSC has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kcell JSC's FCF Margin % compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Kcell JSC ranks #322 out of 364 companies for FCF Margin %. This places Kcell JSC in the lower half of its industry. The industry median FCF Margin % is 8.28. 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 Telecommunication Services company?
The median FCF Margin % among Telecommunication Services companies is 8.28, based on 364 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 Kcell JSC and its competitors. For the Telecommunication Services industry, the median FCF Margin % is 8.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kcell JSC's current FCF Margin % is -38.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kcell JSC stock overvalued right now?
Based on GuruFocus' analysis, Kcell JSC (XKAZ:KCEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₸3,652.09, compared to a current price of ₸3,235.98 — trading 11.4% below its estimated fair value. The current FCF Margin % is -38.24%. Kcell JSC's overall GF Score™ is 57/100 with 9 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 Kcell JSC (XKAZ:KCEL), the current FCF Margin % is -38.24% 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 Kcell JSC (XKAZ:KCEL) Overvalued in 2026?

Based on GuruFocus' analysis, Kcell JSC stock appears to be undervalued. The current stock price of ₸3,235.98 is trading 11.4% below its estimated GF Value™ of ₸3,652.09. GuruFocus considers Kcell JSC to be Modestly Undervalued.

Key valuation signals for XKAZ:KCEL:

  • FCF Margin %: -38.24%
  • GF Value™: ₸3,652.09 vs. price of ₸3,235.98 (11.4% below fair value)
  • GF Score™: 57/100 with 9 warning signs

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


Kcell JSC Business Description

Address Alimzhanova Street, 51, Almaty, KAZ, 050004
Kcell JSC is a Kazakhstan-based company. It is engaged in providing mobile telecommunications services to both individuals and organizations including voice, SMS, MMS and data transmission. It offers Internet access and value-added services, including mobile content. The company is involved in designing, constructing and operating a cellular telecommunications network in the Republic of Kazakhstan using GSM (Global System for Mobile Communications) standard. It operates its business through Kcell which targets the mass market, corporate subscribers, public organizations as well as high-net-worth individuals. The company generates revenue from the sale of voice and other services, data service, handsets, and value-added services.
57GF Score

Get the complete analysis for XKAZ:KCEL

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

₸3,235.98
Price
₸3,652.09
GF Value