SEM Holdings (HKSE:09929) ROCE %: -18.47% (As of Dec. 2025)

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HKSE:09929 SEM Holdings Ltd HKSE:09929
39 GF Score
Price HK$1.84
GF Value HK$0.01
Valuation Significantly Overvalued
! 8 Warning Signs
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What is SEM Holdings ROCE %?

SEM Holdings HKSE:09929 -1.87% 39 ROCE % is -18.47% as of Dec. 2025. GuruFocus rates HKSE:09929 with a GF Score™ of 39/100 and a GF Value™ of HK$0.01 (Significantly Overvalued). 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. SEM Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was -18.47%.

SEM Holdings  (HKSE:09929) 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.

SEM Holdings ROCE % Related Terms

SEM Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for SEM 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.

SEM Holdings ROCE % Chart

SEM 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 -1.96 -2.34 -3.61 1.86 -8.92

SEM Holdings Semi-Annual Data
Dec16 Dec17 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 -12.23 -6.95 10.69 0.58 -18.47
HKSE:09929
39GF Score
SEM Holdings Ltd HKSE:09929
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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SEM Holdings ROCE % Calculation

SEM 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 )
=-18.376/( ( (257.6 - 39.726) + (226.361 - 32.42) )/ 2 )
=-18.376/( (217.874+193.941)/ 2 )
=-18.376/205.9075
=-8.92 %

SEM 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 )
=-38.01/( ( (244.916 - 27.205) + (226.361 - 32.42) )/ 2 )
=-38.01/( ( 217.711 + 193.941 )/ 2 )
=-38.01/205.826
=-18.47 %

(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 -18.47% mean?
SEM Holdings (HKSE:09929) has a ROCE % of -18.47% as of Dec. 2025.
Is SEM Holdings' ROCE % too high?
SEM Holdings' current ROCE % is -18.47%. Overall, SEM Holdings has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SEM Holdings' ROCE % compare to PWR and FIX?
SEM Holdings' ROCE % of -18.47% can be compared against companies in the Construction industry. The industry median ROCE % is 8.25. 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 Construction company?
The median ROCE % among Construction companies is 8.25, based on 1,758 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. 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 Construction industry, the median ROCE % is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SEM Holdings's current ROCE % is -18.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SEM Holdings stock overvalued right now?
Based on GuruFocus' analysis, SEM Holdings (HKSE:09929) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$1.84 — trading 18300% above its estimated fair value. The current ROCE % is -18.47%. SEM Holdings' overall GF Score™ is 39/100 with 8 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 SEM Holdings (HKSE:09929), the current ROCE % is -18.47% 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 SEM Holdings (HKSE:09929) Overvalued in 2026?

Based on GuruFocus' analysis, SEM Holdings stock appears to be overvalued. The current stock price of HK$1.84 is trading 18300% above its estimated GF Value™ of HK$0.01. GuruFocus considers SEM Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:09929:

  • ROCE %: -18.47%
  • GF Value™: HK$0.01 vs. price of HK$1.84 (18300% above fair value)
  • GF Score™: 39/100 with 8 warning signs

No single metric tells the full story. See the HKSE:09929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SEM Holdings Business Description

Address 70 Wing Tai Road, Unit 1, 4th Floor, Chai Wan Industrial City Phase II, Chai Wan, Hong Kong, HKG
SEM Holdings Ltd is an investment holding company. The principal activities of the group are providing electrical-related E&M engineering works, mainly consisting of supply, installation, and maintenance of electrical systems, for new and existing buildings in the projects of commercial and residential development, hotel development, casino development, public properties, and hotel renovation in Macau and Hong Kong, and trading of electrical cables. It generates the majority of its revenue from Hong Kong.
39GF Score

Get the complete analysis for HKSE:09929

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

HK$1.84
Price
HK$0.01
GF Value