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.
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.
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ZCCM Investments Holdings's retained earnings for the quarter that ended in Dec. 2025 was ZMW17,482 Mil.
ZCCM Investments Holdings's quarterly retained earnings
increased
from Jun. 2024 (ZMW0 Mil) to Dec. 2024 (ZMW22,921 Mil) but then
declined
from Dec. 2024 (ZMW22,921 Mil) to Dec. 2025 (ZMW17,482 Mil).
ZCCM Investments Holdings's annual retained earnings
increased
from Dec. 2023 (ZMW-16,468 Mil) to Dec. 2024 (ZMW22,921 Mil) but then
declined
from Dec. 2024 (ZMW22,921 Mil) to Dec. 2025 (ZMW17,482 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
ZCCM Investments Holdings Retained Earnings Historical Data
* 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of ZMW17,482 Mil mean?
ZCCM Investments Holdings (LUS:ZCCM) has a Retained Earnings of ZMW17,482 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on ZCCM Investments Holdings and its competitors.
Is ZCCM Investments Holdings' Retained Earnings too high?
ZCCM Investments Holdings' current Retained Earnings is ZMW17,482 Mil. Overall, ZCCM Investments Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZCCM Investments Holdings' Retained Earnings compare to competitors?
ZCCM Investments Holdings' Retained Earnings of ZMW17,482 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Metals & Mining company?
A good Retained Earnings depends on the Metals & Mining industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on ZCCM Investments Holdings and its competitors. ZCCM Investments Holdings's current Retained Earnings is ZMW17,482 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZCCM Investments Holdings stock overvalued right now?
Based on GuruFocus' analysis, ZCCM Investments Holdings (LUS:ZCCM) is currently considered Significantly Overvalued. The stock's GF Value™ is ZMW1.75, compared to a current price of ZMW149.00 — trading 8414.3% above its estimated fair value. The current Retained Earnings is ZMW17,482 Mil. ZCCM Investments Holdings' overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For ZCCM Investments Holdings (LUS:ZCCM), the current Retained Earnings is ZMW17,482 Mil 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 ZCCM Investments Holdings (LUS:ZCCM) Overvalued in 2026?
Based on GuruFocus' analysis, ZCCM Investments Holdings stock appears to be overvalued.
The current stock price of ZMW149.00 is trading 8414.3% above its estimated GF Value™ of ZMW1.75.
GuruFocus considers ZCCM Investments Holdings to be Significantly Overvalued.
Key valuation signals for LUS:ZCCM:
Retained Earnings: ZMW17,482 Mil
GF Value™: ZMW1.75 vs. price of ZMW149.00 (8414.3% above fair value)
No single metric tells the full story. See the LUS:ZCCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZCCM Investments Holdings PLC is an investment holding company managing the Zambian Government's stake in the mining sector, as the Zambian Government. The company has three operational reportable segments: Mining and processing, Technical Services, and Investments. Maximum revenue is generated from its Mining and processing segment, which comprises entities active in the exploration activities, mining of minerals, and processing of finished products. The minerals mined include copper, gold, amethyst, manganese, and limestone. Geographically, the company generates a majority of its revenue from Switzerland, followed by Zambia, Malawi, India, and the Democratic Republic of Congo.
61GF Score
Get the complete analysis for LUS:ZCCM
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LUS:ZCCM has been successfully added to your 
