Dunav Re a.d (XBEL:DNREM) ROC %: 4.15% (As of Dec. 2025)


XBEL:DNREM Dunav Re a.d XBEL:DNREM
13 GF Score
Price RSD10,800.00
! 3 Warning Signs
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What is Dunav Re a.d ROC %?

Dunav Re a.d XBEL:DNREM 13 ROC % is 4.15% as of Dec. 2025. GuruFocus rates XBEL:DNREM with a GF Score™ of 13/100. The stock has 3 warning signs investors should review.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Dunav Re a.d's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 4.15%.

As of today (2026-06-27), Dunav Re a.d's WACC % is 10.38%. Dunav Re a.d's ROC % is 11.60% (calculated using TTM income statement data). Dunav Re a.d generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


Dunav Re a.d  (XBEL:DNREM) 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, Dunav Re a.d's WACC % is 10.38%. Dunav Re a.d's ROC % is 11.60% (calculated using TTM income statement data). Dunav Re a.d generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.


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.


Dunav Re a.d ROC % Related Terms


Dunav Re a.d ROC % Historical Data

* Premium members only.

The historical data trend for Dunav Re a.d'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.

Dunav Re a.d ROC % Chart

Dunav Re a.d Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.92 4.97 9.80 11.11 11.32

Dunav Re a.d Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROC % 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 15.65 17.63 3.58 19.53 4.15
XBEL:DNREM
13GF Score
Dunav Re a.d XBEL:DNREM
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dunav Re a.d ROC % Calculation

Dunav Re a.d's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=1177.536 * ( 1 - 12.59% )/( (8744.2147 + 9441.72825)/ 2 )
=1029.2842176/9092.971475
=11.32 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=14529.703 - 1736.034 - ( 4391.292 - 5% * 6836.754 )
=8744.2147

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=17575.284 - 3041.33 - ( 5491.155 - 5% * 7978.585 )
=9441.72825

Dunav Re a.d's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=659.646 * ( 1 - 43.21% )/( (8784.47585 + 9257.7864)/ 2 )
=374.6129634/9021.131125
=4.15 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=16447.785 - 2913.908 - ( 4933.343 - 5% * 3678.837 )
=8784.47585

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=17575.284 - 3041.33 - ( 5491.155 - 5% * 4299.748 )
=9257.7864

Note: The EBIT data used here is two times the semi-annual (Dec. 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of 4.15% mean?
Dunav Re a.d (XBEL:DNREM) has a ROC % of 4.15% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Dunav Re a.d and its competitors.
Is Dunav Re a.d's ROC % too high?
Dunav Re a.d's current ROC % is 4.15%. The Insurance industry median ROC % is 3.36. Dunav Re a.d's value of 4.15% is 23.5% above this industry median. Overall, Dunav Re a.d has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Dunav Re a.d's ROC % compare to EG and RGA?
Dunav Re a.d's ROC % of 4.15% can be compared against companies in the Insurance industry. The industry median ROC % is 3.36. Dunav Re a.d's value of 4.15% is 23.5% 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 an Insurance company?
The median ROC % among Insurance companies is 3.36, based on 368 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. Dunav Re a.d's current ROC % of 4.15% is 23.5% 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 Dunav Re a.d and its competitors. For the Insurance industry, the median ROC % is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dunav Re a.d's current ROC % is 4.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dunav Re a.d stock overvalued right now?
Dunav Re a.d (XBEL:DNREM) has a current ROC % of 4.15%. The current ROC % is 4.15% and 23.5% above the Insurance industry median of 3.36. Dunav Re a.d's overall GF Score™ is 13/100 with 3 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 Dunav Re a.d (XBEL:DNREM), the current ROC % is 4.15% 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.

Dunav Re a.d Business Description

Address Bulevar kralja Aleksandra 18, 1st floor, Beograd, SRB, 11000
Dunav Re a.d is a joint-stock reinsurance company. It provides reinsurance protection. It operates in countries such as Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Albania, Turkish part of Cyprus, Germany, Russia, Bulgaria, North Africa (Morocco, Algeria), Asia-Emirates.
13GF Score

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

RSD10,800.00
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