ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Aedes SpA's annualized return on capital (ROC %) for the quarter that ended in Jun. 2025 was -12.58%.
As of today (2026-06-28), Aedes SpA's WACC % is 5.45%. Aedes SpA's ROC % is -20.76% (calculated using TTM income statement data).
Aedes SpA earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Aedes SpA (MIL:AEDES) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Aedes SpA's WACC % is 5.45%. Aedes SpA's ROC % is -20.76% (calculated using TTM income statement data).
Aedes SpA earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Aedes SpA ROC % Related Terms
Aedes SpA ROC % Historical Data
* Premium members only.
The historical data trend for Aedes SpA's ROC % 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.
Note:
The Operating Income data used here is two times the semi-annual (Jun. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Aedes SpA (MIL:AEDES) has a ROC % of -12.58% as of Jun. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Aedes SpA and its competitors.
Is Aedes SpA's ROC % too high?
Aedes SpA's current ROC % is -12.58%. Overall, Aedes SpA has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aedes SpA's ROC % compare to SPG and O?
Aedes SpA's ROC % of -12.58% can be compared against companies in the REITs industry. The industry median ROC % is 3.74. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a REITs company?
The median ROC % among REITs companies is 3.74, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Aedes SpA and its competitors. For the REITs industry, the median ROC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aedes SpA's current ROC % is -12.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aedes SpA stock overvalued right now?
Based on GuruFocus' analysis, Aedes SpA (MIL:AEDES) is currently considered Possible Value Trap. The stock's GF Value™ is €5.82, compared to a current price of €0.85 — trading 85.5% below its estimated fair value. The current ROC % is -12.58%. Aedes SpA's overall GF Score™ is 35/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Aedes SpA (MIL:AEDES), the current ROC % is -12.58% as of Jun. 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 Aedes SpA (MIL:AEDES) Overvalued in 2026?
Based on GuruFocus' analysis, Aedes SpA stock appears to be undervalued.
The current stock price of €0.85 is trading 85.5% below its estimated GF Value™ of €5.82.
GuruFocus considers Aedes SpA to be Possible Value Trap.
Key valuation signals for MIL:AEDES:
ROC %: -12.58%
GF Value™: €5.82 vs. price of €0.85 (85.5% below fair value)
No single metric tells the full story. See the MIL:AEDES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aedes SpA operates in the real estate sector in Italy and internationally. Its two business lines, acquiring income properties to compete with the performances of European REITs and, on the other, creating a new generation of shopping and leisure centers through its pipeline development.
35GF Score
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