Merafe ResourcesJSE:MRF 64 Net Margin % is -2.76% as of Dec. 2025. GuruFocus rates JSE:MRF with a GF Score™ of 64/100 and a GF Value™ of R0.99 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 843 Metals & Mining companies, Merafe Resources ranks worse than 53.62% on this metric.
The historical rank and industry rank for Merafe Resources's Net Margin % or its related term are showing as below:
JSE:MRF'
s Net Margin % Range Over the Past 10 Years
Min: -25.32 Med: 10.77 Max: 20.76
Current: 2.46
JSE:MRF's Net Margin % is ranked worse than 53.62% of 843
companies
in the Metals & Mining industry
Industry Median: 3.41
vs JSE:MRF: 2.46
Merafe Resources (JSE:MRF) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Merafe Resources Net Margin % Related Terms
Merafe Resources Net Margin % Historical Data
* Premium members only.
The historical data trend for Merafe Resources's Net 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.
Merafe Resources Net Margin % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Merafe Resources's Net Margin %, along with its competitors' market caps and Net 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.
Merafe Resources Net Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Net Margin % distribution charts can be found below:
* The bar in red indicates where Merafe Resources's Net 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.
Merafe Resources (JSE:MRF) has a Net Margin % of -2.76% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Merafe Resources and its competitors. According to the industry distribution chart, Merafe Resources ranks #452 out of 843 companies in the Metals & Mining industry, placing it in the top 53.6%.
Is Merafe Resources' Net Margin % too high?
Merafe Resources' current Net Margin % is -2.76%. Based on the distribution chart, Merafe Resources ranks #452 out of 843 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Merafe Resources has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Net Margin % compare to competitors?
According to the Metals & Mining industry distribution chart, Merafe Resources ranks #452 out of 843 companies for Net Margin %. This places Merafe Resources in the lower half of its industry. The industry median Net Margin % is 3.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Metals & Mining company?
The median Net Margin % among Metals & Mining companies is 3.41, based on 843 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Merafe Resources and its competitors. For the Metals & Mining industry, the median Net Margin % is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merafe Resources's current Net Margin % is -2.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Based on GuruFocus' analysis, Merafe Resources (JSE:MRF) is currently considered Modestly Overvalued. The stock's GF Value™ is R0.99, compared to a current price of R1.28 — trading 29.3% above its estimated fair value. The current Net Margin % is -2.76%. Merafe Resources' overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Merafe Resources (JSE:MRF), the current Net Margin % is -2.76% 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 Merafe Resources (JSE:MRF) Overvalued in 2026?
Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued.
The current stock price of R1.28 is trading 29.3% above its estimated GF Value™ of R0.99.
GuruFocus considers Merafe Resources to be Modestly Overvalued.
Key valuation signals for JSE:MRF:
Net Margin %: -2.76%
GF Value™: R0.99 vs. price of R1.28 (29.3% above fair value)
No single metric tells the full story. See the JSE:MRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
64GF Score
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