ShineMore Technology Materials Co (ROCO:8291) ROCE %: -26.55% (As of Dec. 2025)

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ROCO:8291 ShineMore Technology Materials Co Ltd ROCO:8291
30 GF Score
Price NT$27.35
GF Value NT$3.00
Valuation Significantly Overvalued
! 6 Warning Signs
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What is ShineMore Technology Materials Co ROCE %?

ShineMore Technology Materials Co ROCO:8291 +9.84% 30 ROCE % is -26.55% as of Dec. 2025. GuruFocus rates ROCO:8291 with a GF Score™ of 30/100 and a GF Value™ of NT$3.00 (Significantly Overvalued). The stock has 6 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. ShineMore Technology Materials Co's annualized ROCE % for the quarter that ended in Dec. 2025 was -26.55%.

ShineMore Technology Materials Co  (ROCO:8291) 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.

ShineMore Technology Materials Co ROCE % Related Terms

ShineMore Technology Materials Co ROCE % Historical Data

* Premium members only.

The historical data trend for ShineMore Technology Materials Co'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.

ShineMore Technology Materials Co ROCE % Chart

ShineMore Technology Materials Co 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 -10.20 -21.68 -41.17 -61.59 -27.25

ShineMore Technology Materials Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 -48.86 -30.03 -25.93 -27.43 -26.55
ROCO:8291
30GF Score
ShineMore Technology Materials Co Ltd ROCO:8291
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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ShineMore Technology Materials Co ROCE % Calculation

ShineMore Technology Materials Co'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 )
=-30.398/( ( (280.41 - 147.034) + (237.489 - 147.797) )/ 2 )
=-30.398/( (133.376+89.692)/ 2 )
=-30.398/111.534
=-27.25 %

ShineMore Technology Materials Co'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: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=-25.048/( ( (237.926 - 138.92) + (237.489 - 147.797) )/ 2 )
=-25.048/( ( 99.006 + 89.692 )/ 2 )
=-25.048/94.349
=-26.55 %

(1) Note: The EBIT data used here is four times the quarterly (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 -26.55% mean?
ShineMore Technology Materials Co (ROCO:8291) has a ROCE % of -26.55% as of Dec. 2025.
Is ShineMore Technology Materials Co's ROCE % too high?
ShineMore Technology Materials Co's current ROCE % is -26.55%. Overall, ShineMore Technology Materials Co has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ShineMore Technology Materials Co's ROCE % compare to APH and GLW?
ShineMore Technology Materials Co's ROCE % of -26.55% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.89. 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 Hardware company?
The median ROCE % among Hardware companies is 5.89, based on 2,452 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 Hardware industry, the median ROCE % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ShineMore Technology Materials Co's current ROCE % is -26.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShineMore Technology Materials Co stock overvalued right now?
Based on GuruFocus' analysis, ShineMore Technology Materials Co (ROCO:8291) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$3.00, compared to a current price of NT$27.35 — trading 811.7% above its estimated fair value. The current ROCE % is -26.55%. ShineMore Technology Materials Co's overall GF Score™ is 30/100 with 6 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 ShineMore Technology Materials Co (ROCO:8291), the current ROCE % is -26.55% 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 ShineMore Technology Materials Co (ROCO:8291) Overvalued in 2026?

Based on GuruFocus' analysis, ShineMore Technology Materials Co stock appears to be overvalued. The current stock price of NT$27.35 is trading 811.7% above its estimated GF Value™ of NT$3.00. GuruFocus considers ShineMore Technology Materials Co to be Significantly Overvalued.

Key valuation signals for ROCO:8291:

  • ROCE %: -26.55%
  • GF Value™: NT$3.00 vs. price of NT$27.35 (811.7% above fair value)
  • GF Score™: 30/100 with 6 warning signs

No single metric tells the full story. See the ROCO:8291 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ShineMore Technology Materials Co Business Description

Address No. 208, Binhai Road, Section 2, Dayuan District, Taoyuan, TWN, 33757
ShineMore Technology Materials Co Ltd is a company engaged in the manufacture, processing, and sales of copper-clad circuit laminate and adhesive films. Geographically, it derives a majority of its revenue from Taiwan and also has a presence in Japan. Its products include FR-4 CCL including Conventional FR-4 Material, Lead Free Material, Halogen Free(HF) Material, Low Flow Prepreg and Unclad FR-4 Material.
30GF Score

Get the complete analysis for ROCO:8291

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

NT$27.35
Price
NT$3.00
GF Value