Sincere Navigation (TPE:2605) ROCE %: 13.98% (As of Dec. 2025)

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TPE:2605 Sincere Navigation Corp TPE:2605
84 GF Score
Price NT$31.65
GF Value NT$28.06
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Sincere Navigation ROCE %?

Sincere Navigation TPE:2605 +4.98% 84 ROCE % is 13.98% as of Dec. 2025. GuruFocus rates TPE:2605 with a GF Score™ of 84/100 and a GF Value™ of NT$28.06 (Modestly Overvalued). The stock has 7 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. Sincere Navigation's annualized ROCE % for the quarter that ended in Dec. 2025 was 13.98%.

Sincere Navigation  (TPE:2605) 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.

Sincere Navigation ROCE % Related Terms

Sincere Navigation ROCE % Historical Data

* Premium members only.

The historical data trend for Sincere Navigation'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.

Sincere Navigation ROCE % Chart

Sincere Navigation 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 4.65 1.64 3.26 6.83 5.76

Sincere Navigation 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 5.15 1.05 5.27 4.54 13.98
TPE:2605
84GF Score
Sincere Navigation Corp TPE:2605
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sincere Navigation ROCE % Calculation

Sincere Navigation'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 )
=1035.423/( ( (22364.572 - 3862.686) + (22014.034 - 4534.891) )/ 2 )
=1035.423/( (18501.886+17479.143)/ 2 )
=1035.423/17990.5145
=5.76 %

Sincere Navigation'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 )
=2358.384/( ( (20784.884 - 4525.125) + (22014.034 - 4534.891) )/ 2 )
=2358.384/( ( 16259.759 + 17479.143 )/ 2 )
=2358.384/16869.451
=13.98 %

(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 13.98% mean?
Sincere Navigation (TPE:2605) has a ROCE % of 13.98% as of Dec. 2025.
Is Sincere Navigation's ROCE % too high?
Sincere Navigation's current ROCE % is 13.98%. The Transportation industry median ROCE % is 7.73. Sincere Navigation's value of 13.98% is 80.9% above this industry median. Overall, Sincere Navigation has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Navigation's ROCE % compare to competitors?
Sincere Navigation's ROCE % of 13.98% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.73. Sincere Navigation's value of 13.98% is 80.9% 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 Transportation company?
The median ROCE % among Transportation companies is 7.73, based on 990 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. Sincere Navigation's current ROCE % of 13.98% is 80.9% 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 Transportation industry, the median ROCE % is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sincere Navigation's current ROCE % is 13.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Navigation stock overvalued right now?
Based on GuruFocus' analysis, Sincere Navigation (TPE:2605) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.06, compared to a current price of NT$31.65 — trading 12.8% above its estimated fair value. The current ROCE % is 13.98% and 80.9% above the Transportation industry median of 7.73. Sincere Navigation's overall GF Score™ is 84/100 with 7 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 Sincere Navigation (TPE:2605), the current ROCE % is 13.98% 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 Sincere Navigation (TPE:2605) Overvalued in 2026?

Based on GuruFocus' analysis, Sincere Navigation stock appears to be overvalued. The current stock price of NT$31.65 is trading 12.8% above its estimated GF Value™ of NT$28.06. GuruFocus considers Sincere Navigation to be Modestly Overvalued.

Key valuation signals for TPE:2605:

  • ROCE %: 13.98%
  • GF Value™: NT$28.06 vs. price of NT$31.65 (12.8% above fair value)
  • GF Score™: 84/100 with 7 warning signs
  • Industry Position: 80.9% above the Transportation median

No single metric tells the full story. See the TPE:2605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sincere Navigation Business Description

Address Fuxing South Road, 14th Floor, No. 368, Section 1, Taipei, TWN, 10656
Sincere Navigation Corp is a bulk shipping transportation company in Taiwan. The company's main business line is to provide an integrated shipping solution. It provides a consistent, high-quality transportation service to customers around the world in key industries such as coal and iron ore mining, steel, energy, and paper. It provides tug and barge services. Its segment includes the Bulk carrier and Oil tanker segments. It derives the majority of the revenue from the Bulk carrier segment.
84GF Score

Get the complete analysis for TPE:2605

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

NT$31.65
Price
NT$28.06
GF Value