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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. FSPG Hi-Tech Co's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 6.81%.
As of today (2026-08-21), FSPG Hi-Tech Co's WACC % is 5.97%. FSPG Hi-Tech Co's ROC % is 3.98% (calculated using TTM income statement data).
FSPG Hi-Tech Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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, FSPG Hi-Tech Co's WACC % is 5.97%. FSPG Hi-Tech Co's ROC % is 3.98% (calculated using TTM income statement data).
FSPG Hi-Tech Co 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.
FSPG Hi-Tech Co ROC % Related Terms
FSPG Hi-Tech Co ROC % Historical Data
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The historical data trend for FSPG Hi-Tech Co'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 four times the quarterly (Mar. 2026) 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.
FSPG Hi-Tech Co (SZSE:000973) has a ROC % of 6.81% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on FSPG Hi-Tech Co and its competitors.
Is FSPG Hi-Tech Co's ROC % too high?
FSPG Hi-Tech Co's current ROC % is 6.81%. The Chemicals industry median ROC % is 4.89. FSPG Hi-Tech Co's value of 6.81% is 39.3% above this industry median. Overall, FSPG Hi-Tech Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FSPG Hi-Tech Co's ROC % compare to DOW?
FSPG Hi-Tech Co's ROC % of 6.81% can be compared against companies in the Chemicals industry. The industry median ROC % is 4.89. FSPG Hi-Tech Co's value of 6.81% is 39.3% above this benchmark. 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 Chemicals company?
The median ROC % among Chemicals companies is 4.89, based on 1,584 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. FSPG Hi-Tech Co's current ROC % of 6.81% is 39.3% 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 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 FSPG Hi-Tech Co and its competitors. For the Chemicals industry, the median ROC % is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSPG Hi-Tech Co's current ROC % is 6.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSPG Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, FSPG Hi-Tech Co (SZSE:000973) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥14.43 — trading 104.4% above its estimated fair value. The current ROC % is 6.81% and 39.3% above the Chemicals industry median of 4.89. FSPG Hi-Tech Co's overall GF Score™ is 60/100 with 10 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 FSPG Hi-Tech Co (SZSE:000973), the current ROC % is 6.81% 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 FSPG Hi-Tech Co (SZSE:000973) Overvalued in 2026?
Based on GuruFocus' analysis, FSPG Hi-Tech Co stock appears to be overvalued.
The current stock price of ¥14.43 is trading 104.4% above its estimated GF Value™ of ¥7.06.
GuruFocus considers FSPG Hi-Tech Co to be Significantly Overvalued.
Key valuation signals for SZSE:000973:
ROC %: 6.81%
GF Value™: ¥7.06 vs. price of ¥14.43 (104.4% above fair value)
Industry Position: 39.3% above the Chemicals median
No single metric tells the full story. See the SZSE:000973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSPG Hi-Tech Co Ltd is a China-based company mainly engaged in the research and development, production, and sale of new energy, new materials, energy-saving technologies, and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw, and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing materials, such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use.
60GF Score
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