SMIT Holdings (HKSE:02239) ROCE %: 24.90% (As of Dec. 2025)

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HKSE:02239 SMIT Holdings Ltd HKSE:02239
40 GF Score
Price HK$1.36
GF Value HK$0.83
Valuation Significantly Overvalued
! 5 Warning Signs
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What is SMIT Holdings ROCE %?

SMIT Holdings HKSE:02239 40 ROCE % is 24.90% as of Dec. 2025. GuruFocus rates HKSE:02239 with a GF Score™ of 40/100 and a GF Value™ of HK$0.83 (Significantly Overvalued). The stock has 5 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. SMIT Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was 24.90%.

SMIT Holdings  (HKSE:02239) 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.

SMIT Holdings ROCE % Related Terms

SMIT Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for SMIT Holdings'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.

SMIT Holdings ROCE % Chart

SMIT Holdings 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 5.33 34.05 -7.87 -22.98 0.70

SMIT Holdings 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 -14.27 -16.82 -29.39 -23.38 24.90
HKSE:02239
40GF Score
SMIT Holdings Ltd HKSE:02239
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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SMIT Holdings ROCE % Calculation

SMIT Holdings'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 )
=7.812/( ( (1175.338 - 55.844) + (1204.507 - 105.974) )/ 2 )
=7.812/( (1119.494+1098.533)/ 2 )
=7.812/1109.0135
=0.70 %

SMIT Holdings'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 )
=261.186/( ( (1045.441 - 46.173) + (1204.507 - 105.974) )/ 2 )
=261.186/( ( 999.268 + 1098.533 )/ 2 )
=261.186/1048.9005
=24.90 %

(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 24.90% mean?
SMIT Holdings (HKSE:02239) has a ROCE % of 24.90% as of Dec. 2025.
Is SMIT Holdings' ROCE % too high?
SMIT Holdings' current ROCE % is 24.90%. The Semiconductors industry median ROCE % is 4.99. SMIT Holdings' value of 24.90% is 399.5% above this industry median. Overall, SMIT Holdings has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMIT Holdings' ROCE % compare to NVDA and AVGO?
SMIT Holdings' ROCE % of 24.90% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.99. SMIT Holdings' value of 24.90% is 399.5% 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 ROCE % for a Semiconductors company?
The median ROCE % among Semiconductors companies is 4.99, based on 1,018 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. SMIT Holdings's current ROCE % of 24.90% is 399.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median ROCE % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMIT Holdings's current ROCE % is 24.90%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMIT Holdings stock overvalued right now?
Based on GuruFocus' analysis, SMIT Holdings (HKSE:02239) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.83, compared to a current price of HK$1.36 — trading 63.9% above its estimated fair value. The current ROCE % is 24.90% and 399.5% above the Semiconductors industry median of 4.99. SMIT Holdings' overall GF Score™ is 40/100 with 5 warning signs to review. 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 SMIT Holdings (HKSE:02239), the current ROCE % is 24.90% 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 SMIT Holdings (HKSE:02239) Overvalued in 2026?

Based on GuruFocus' analysis, SMIT Holdings stock appears to be overvalued. The current stock price of HK$1.36 is trading 63.9% above its estimated GF Value™ of HK$0.83. GuruFocus considers SMIT Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:02239:

  • ROCE %: 24.90%
  • GF Value™: HK$0.83 vs. price of HK$1.36 (63.9% above fair value)
  • GF Score™: 40/100 with 5 warning signs
  • Industry Position: 399.5% above the Semiconductors median

No single metric tells the full story. See the HKSE:02239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SMIT Holdings Business Description

Address 26 Harbour Road, Room 4202-04, 42nd Floor, China Resources Building, Wanchai, Hong Kong, HKG
SMIT Holdings Ltd is an investment holding company. The company is principally engaged in the development and sales of conditional access modules; research, development and sales of smart sensing-oriented products and solution; and provision of integrated circuit solutions. The company has four reportable segments: CAM, Intelligent Sense, Investments, and Other businesses. The company generates the majority of its revenue from the CAM segment is engaged in the development and sales of security products that enable secure distribution and delivery of digital content to television. Geographically, the company generates the majority of its revenue from Europe, followed by China (including Hong Kong) and Others.
40GF Score

Get the complete analysis for HKSE:02239

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

HK$1.36
Price
HK$0.83
GF Value