Union Steel Holdings (SGX:ZB9) ROCE %: 8.93% (As of Dec. 2025)

What is Union Steel Holdings ROCE %?

Union Steel Holdings SGX:ZB9 52 ROCE % is 8.93% as of Dec. 2025. GuruFocus rates SGX:ZB9 with a GF Score™ of 52/100 and a GF Value™ of S$0.50 (Fairly Valued). 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. Union Steel Holdings's annualized ROCE % for the quarter that ended in Dec. 2025 was 8.93%.

Union Steel Holdings (SGX:ZB9) 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.

Union Steel Holdings ROCE % Related Terms

Union Steel Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Union Steel 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.

Union Steel Holdings ROCE % Chart

Union Steel Holdings Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

ROCE %

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14.40

11.20

14.46

15.13

10.48

Union Steel 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															17.56	12.92	13.72	6.97	8.93

52GF Score

Union Steel Holdings Ltd SGX:ZB9

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Union Steel Holdings ROCE % Calculation

Union Steel Holdings's annualized ROCE % for the fiscal year that ended in Jun. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2025 )		(A: Jun. 2024 )		(A: Jun. 2025 )
	=	12.644	/	( ( (159.01 - 49.368)	+	(179.088 - 47.486) )	/ 2 )
	=	12.644	/	( (109.642	+	131.602)	/ 2 )
	=	12.644	/	120.622
	=	10.48 %

Union Steel 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 )
	=	12.344	/	( ( (179.088 - 47.486)	+	(196.486 - 51.527) )	/ 2 )
	=	12.344	/	( ( 131.602	+	144.959 )	/ 2 )
	=	12.344	/	138.2805
	=	8.93 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 8.93% mean?

Union Steel Holdings (SGX:ZB9) has a ROCE % of 8.93% as of Dec. 2025.

Is Union Steel Holdings' ROCE % too high?

Union Steel Holdings' current ROCE % is 8.93%. The Waste Management industry median ROCE % is 5.65. Union Steel Holdings' value of 8.93% is 58.1% above this industry median. Overall, Union Steel Holdings has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Union Steel Holdings' ROCE % compare to WM and RSG?

Union Steel Holdings' ROCE % of 8.93% can be compared against companies in the Waste Management industry. The industry median ROCE % is 5.65. Union Steel Holdings' value of 8.93% is 58.1% 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 Waste Management company?

The median ROCE % among Waste Management companies is 5.65, based on 237 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. Union Steel Holdings's current ROCE % of 8.93% is 58.1% 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 Waste Management industry, the median ROCE % is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Steel Holdings's current ROCE % is 8.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Union Steel Holdings stock overvalued right now?

Based on GuruFocus' analysis, Union Steel Holdings (SGX:ZB9) is currently considered Fairly Valued. The stock's GF Value™ is S$0.50, compared to a current price of S$0.49 — trading 2% below its estimated fair value. The current ROCE % is 8.93% and 58.1% above the Waste Management industry median of 5.65. Union Steel Holdings' overall GF Score™ is 52/100 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 Union Steel Holdings (SGX:ZB9), the current ROCE % is 8.93% 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 Union Steel Holdings (SGX:ZB9) Overvalued in 2026?

Based on GuruFocus' analysis, Union Steel Holdings stock appears to be undervalued. The current stock price of S$0.49 is trading 2% below its estimated GF Value™ of S$0.50. GuruFocus considers Union Steel Holdings to be Fairly Valued.

Key valuation signals for SGX:ZB9:

ROCE %: 8.93%
GF Value™: S$0.50 vs. price of S$0.49 (2% below fair value)
GF Score™: 52/100 with 5 warning signs
Industry Position: 58.1% above the Waste Management median

No single metric tells the full story. See the SGX:ZB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Union Steel Holdings Business Description

Industry Industrials Waste Management

Comparable Companies SGX:1E3 SGX:NEX SGX:L23 SGX:5CT SGX:SES WM RSG WCN XPAR:VIE CLH GFL XMAD:FCC CWST XBRU:UMI SZSE:002340 SHSE:603568 SHSE:603588 ASX:CWY HKSE:00257 TSX:SES

Address 33 Pioneer Road North, Singapore, SGP, 628474

Website https://www.unionsteel.com.sg

Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals, which include import and export of scrap metals, waste collection services, trading, and leasing of metal products.; Scaffolding that provides scaffolding services and related consultancy services; Engineering, including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; and Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore, followed by India, Thailand, Malaysia, Indonesia, Pakistan, China, Bangladesh, and Other Countries.

52GF Score

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S$0.49

Price

S$0.50

GF Value

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