Substrate Artificial Inteligence (XMAD:SAI.B) ROCE %: -28.18% (As of Dec. 2025)


XMAD:SAI.B Substrate Artificial Inteligence SA XMAD:SAI.B
6 GF Score
Price €0.13
GF Value €0.53
Valuation Possible Value Trap
! 7 Warning Signs
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What is Substrate Artificial Inteligence ROCE %?

Substrate Artificial Inteligence XMAD:SAI.B 6 ROCE % is -28.18% as of Dec. 2025. GuruFocus rates XMAD:SAI.B with a GF Score™ of 6/100 and a GF Value™ of €0.53 (Possible Value Trap). 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. Substrate Artificial Inteligence's annualized ROCE % for the quarter that ended in Dec. 2025 was -28.18%.

Substrate Artificial Inteligence  (XMAD:SAI.B) 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.

Substrate Artificial Inteligence ROCE % Related Terms

Substrate Artificial Inteligence ROCE % Historical Data

* Premium members only.

The historical data trend for Substrate Artificial Inteligence'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.

Substrate Artificial Inteligence ROCE % Chart

Substrate Artificial Inteligence Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
-6.96 -64.22 -28.32 23.54 -12.58

Substrate Artificial Inteligence Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only -49.72 8.00 38.77 3.75 -28.18
XMAD:SAI.B
6GF Score
Substrate Artificial Inteligence SA XMAD:SAI.B
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Substrate Artificial Inteligence ROCE % Calculation

Substrate Artificial Inteligence'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 )
=-6.107/( ( (61.316 - 13.121) + (65.926 - 17.006) )/ 2 )
=-6.107/( (48.195+48.92)/ 2 )
=-6.107/48.5575
=-12.58 %

Substrate Artificial Inteligence'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 )
=-14.074/( ( (69.083 - 18.109) + (65.926 - 17.006) )/ 2 )
=-14.074/( ( 50.974 + 48.92 )/ 2 )
=-14.074/49.947
=-28.18 %

(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 -28.18% mean?
Substrate Artificial Inteligence (XMAD:SAI.B) has a ROCE % of -28.18% as of Dec. 2025.
Is Substrate Artificial Inteligence's ROCE % too high?
Substrate Artificial Inteligence's current ROCE % is -28.18%. Overall, Substrate Artificial Inteligence has a GF Score™ of 6/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Substrate Artificial Inteligence's ROCE % compare to MSFT and ORCL?
Substrate Artificial Inteligence's ROCE % of -28.18% can be compared against companies in the Software industry. The industry median ROCE % is 5.28. 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 Software company?
The median ROCE % among Software companies is 5.28, based on 2,711 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 Software industry, the median ROCE % is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Substrate Artificial Inteligence's current ROCE % is -28.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Substrate Artificial Inteligence stock overvalued right now?
Based on GuruFocus' analysis, Substrate Artificial Inteligence (XMAD:SAI.B) is currently considered Possible Value Trap. The stock's GF Value™ is €0.53, compared to a current price of €0.13 — trading 75.1% below its estimated fair value. The current ROCE % is -28.18%. Substrate Artificial Inteligence's overall GF Score™ is 6/100 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 Substrate Artificial Inteligence (XMAD:SAI.B), the current ROCE % is -28.18% 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 Substrate Artificial Inteligence (XMAD:SAI.B) Overvalued in 2026?

Based on GuruFocus' analysis, Substrate Artificial Inteligence stock appears to be undervalued. The current stock price of €0.13 is trading 75.1% below its estimated GF Value™ of €0.53. GuruFocus considers Substrate Artificial Inteligence to be Possible Value Trap.

Key valuation signals for XMAD:SAI.B:

  • ROCE %: -28.18%
  • GF Value™: €0.53 vs. price of €0.13 (75.1% below fair value)
  • GF Score™: 6/100 with 7 warning signs

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

Substrate Artificial Inteligence Business Description

Address C/ Maria de Molina, 41, Office 503, Madrid, ESP, 28006
Substrate Artificial Inteligence SA is an Artificial Intelligence company in Spain. Its software is applied in agritech, energy, industry, fintech, human resources, or health sectors. Its technology is easy to implement and allows it to address all the problems faced by companies in the digitization and streamlining of their processes, optimizing decision-making and generating great cost savings.
6GF Score

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

€0.13
Price
€0.53
GF Value