Black Sea Property (AQSE:BSP) ROCE %: 7.46% (As of Dec. 2025)

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What is Black Sea Property ROCE %?

Black Sea Property AQSE:BSP ROCE % is 7.46% as of Dec. 2025. The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Black Sea Property's annualized ROCE % for the quarter that ended in Dec. 2025 was 7.46%.

Black Sea Property  (AQSE:BSP) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Black Sea Property ROCE % Related Terms

Black Sea Property ROCE % Historical Data

* Premium members only.

The historical data trend for Black Sea Property's ROCE % 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.

Black Sea Property ROCE % Chart

Black Sea Property Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.51 10.93 19.01 6.63 3.81

Black Sea Property Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % 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 36.96 3.95 9.37 0.16 7.46

Black Sea Property ROCE % Calculation

Black Sea Property's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=2.73/( ( (102.157 - 30.522) + (107.133 - 35.485) )/ 2 )
=2.73/( (71.635+71.648)/ 2 )
=2.73/71.6415
=3.81 %

Black Sea Property's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=5.346/( ( (104.39 - 32.659) + (107.133 - 35.485) )/ 2 )
=5.346/( ( 71.731 + 71.648 )/ 2 )
=5.346/71.6895
=7.46 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 7.46% mean?
Black Sea Property (AQSE:BSP) has a ROCE % of 7.46% as of Dec. 2025.
Is Black Sea Property's ROCE % too high?
Black Sea Property's current ROCE % is 7.46%. The Real Estate industry median ROCE % is 4.63. Black Sea Property's value of 7.46% is 61.1% above this industry median.
How does Black Sea Property's ROCE % compare to CBRE and BEKE?
Black Sea Property's ROCE % of 7.46% can be compared against companies in the Real Estate industry. The industry median ROCE % is 4.63. Black Sea Property's value of 7.46% is 61.1% 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 ROCE % for a Real Estate company?
The median ROCE % among Real Estate companies is 4.63, based on 1,755 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Sea Property's current ROCE % of 7.46% is 61.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Real Estate industry, the median ROCE % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Sea Property's current ROCE % is 7.46%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Sea Property stock overvalued right now?
Based on GuruFocus' analysis, Black Sea Property (AQSE:BSP) is currently considered Fairly Valued. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading right at its estimated fair value. The current ROCE % is 7.46% and 61.1% above the Real Estate industry median of 4.63. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Black Sea Property (AQSE:BSP), the current ROCE % is 7.46% 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.

Black Sea Property Business Description

Address Victory House, Prospect Hill, 6th Floor, Douglas, IMN, IM1 1EQ
Black Sea Property PLC is a real estate company focused on investments in Bulgaria. It seeks to generate capital gains through development, financing and sale of property in Bulgaria, including the prime areas of Bulgaria's Black Sea coast, the ski resorts and the capital, Sofia. The Board is seeking to create a diverse portfolio of opportunistic and value-added Bulgarian real estate assets, including development land, partially completed construction projects and completed buildings.