Vukile Property Fund (NAM:VKN) Net Margin %: 115.77% (As of Mar. 2026) — 101% Above Median


NAM:VKN Vukile Property Fund Ltd NAM:VKN
73 GF Score
Price N$24.89
GF Value N$21.63
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Vukile Property Fund Net Margin %?

Vukile Property Fund NAM:VKN 73 Net Margin % is 115.77% as of Mar. 2026, which is 101% above its 10-year median of 57.61. GuruFocus rates NAM:VKN with a GF Score™ of 73/100 and a GF Value™ of N$21.63 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 928 REITs companies, Vukile Property Fund ranks better than 87.18% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Vukile Property Fund's Net Income for the six months ended in Mar. 2026 was N$3,329 Mil. Vukile Property Fund's Revenue for the six months ended in Mar. 2026 was N$2,875 Mil. Therefore, Vukile Property Fund's net margin for the quarter that ended in Mar. 2026 was 115.77%.

The historical rank and industry rank for Vukile Property Fund's Net Margin % or its related term are showing as below:

NAM:VKN' s Net Margin % Range Over the Past 10 Years
Min: -2.94   Med: 57.61   Max: 118.89
Current: 98.66


NAM:VKN's Net Margin % is ranked better than
87.18% of 928 companies
in the REITs industry
Industry Median: 44.95 vs NAM:VKN: 98.66

Vukile Property Fund  (NAM:VKN) 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.


Vukile Property Fund Net Margin % Related Terms


Vukile Property Fund Net Margin % Historical Data

* Premium members only.

The historical data trend for Vukile Property Fund'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.

Vukile Property Fund Net Margin % Chart

Vukile Property Fund Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.94 52.90 39.84 70.82 98.66

Vukile Property Fund Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Net 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 20.86 58.68 81.50 81.47 115.77

NAM:VKN vs SPG, O, KIM: Net Margin % Comparison

For the REIT - Retail subindustry, Vukile Property Fund'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.


Vukile Property Fund Net Margin % vs REITs Industry

For the REITs industry and Real Estate sector, Vukile Property Fund's Net Margin % distribution charts can be found below:

* The bar in red indicates where Vukile Property Fund's Net Margin % falls into.


NAM:VKN
73GF Score
Vukile Property Fund Ltd NAM:VKN
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vukile Property Fund Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Vukile Property Fund's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=5659.835/5736.719
=98.66 %

Vukile Property Fund's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3328.677/2875.259
=115.77 %

* 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 Net Margin % →
What does a Net Margin % of 115.77% mean?
Vukile Property Fund (NAM:VKN) has a Net Margin % of 115.77% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Vukile Property Fund and its competitors. This is 101% above median its historical median of 57.61. According to the industry distribution chart, Vukile Property Fund ranks #119 out of 928 companies in the REITs industry, placing it in the top 12.8%.
Is Vukile Property Fund's Net Margin % too high?
Vukile Property Fund's current Net Margin % of 115.77% is 101% above median its 10-year median of 57.61. The REITs industry median Net Margin % is 44.95. Vukile Property Fund's value of 115.77% is 157.6% above this industry median. Based on the distribution chart, Vukile Property Fund ranks #119 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Vukile Property Fund has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vukile Property Fund's Net Margin % compare to SPG and O?
According to the REITs industry distribution chart, Vukile Property Fund ranks #119 out of 928 companies for Net Margin %. This places Vukile Property Fund in the top 13% of its industry — outperforming the majority of peers. The industry median Net Margin % is 44.95. Vukile Property Fund's value of 115.77% is 157.6% above this benchmark. While the company's 10-year median is 57.61 vs. the industry median of 44.95, Vukile Property Fund 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 44.95, based on 928 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. Vukile Property Fund's current Net Margin % of 115.77% is 157.6% 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 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 Vukile Property Fund and its competitors. For the REITs industry, the median Net Margin % is 44.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vukile Property Fund's current Net Margin % is 115.77%, which is 101% above median its own 10-year median of 57.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vukile Property Fund stock overvalued right now?
Based on GuruFocus' analysis, Vukile Property Fund (NAM:VKN) is currently considered Modestly Overvalued. The stock's GF Value™ is N$21.63, compared to a current price of N$24.89 — trading 15.1% above its estimated fair value. The current Net Margin % is 115.77%, which is 101% above median its 10-year median of 57.61 and 157.6% above the REITs industry median of 44.95. Vukile Property Fund's overall GF Score™ is 73/100 with 6 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 Vukile Property Fund (NAM:VKN), the current Net Margin % is 115.77% 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 Vukile Property Fund (NAM:VKN) Overvalued in 2026?

Based on GuruFocus' analysis, Vukile Property Fund stock appears to be overvalued. The current stock price of N$24.89 is trading 15.1% above its estimated GF Value™ of N$21.63. GuruFocus considers Vukile Property Fund to be Modestly Overvalued.

Key valuation signals for NAM:VKN:

  • Net Margin %: 115.77% (101% above median its 10-year median of 57.61)
  • GF Value™: N$21.63 vs. price of N$24.89 (15.1% above fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 157.6% above the REITs median (#119 of 928)

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


Vukile Property Fund Business Description

Industry Real EstateREITs
Other Exchanges VKE:South Africa
Address 11 Ninth Street, 4th Floor, Houghton Estate, Johannesburg, GT, ZAF, 2198
Vukile Property Fund Ltd is a real estate company that owns property throughout South Africa. The company derives its revenue predominantly from property leases. Retail properties, particularly shopping malls, represent more than half of Vukile's property portfolio. Offices, industrial buildings, and sovereign properties are also its portfolio constituents. The majority of the company's tenants are large, listed national companies and franchises, with the remainder comprising government and midsize to large professional firms. The company's geographical segment includes South Africa and the Iberian Peninsula, which is further disaggregated into Spain and Portugal.
73GF Score

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

N$24.89
Price
N$21.63
GF Value