Courage Investment Group (SGX:CIN) ROE %: -5.74% (As of Jun. 2025)

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SGX:CIN Courage Investment Group Ltd SGX:CIN
39 GF Score
Price S$0.02
GF Value S$0.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Courage Investment Group ROE %?

Courage Investment Group SGX:CIN 39 ROE % is -5.74% as of Jun. 2025. GuruFocus rates SGX:CIN with a GF Score™ of 39/100 and a GF Value™ of S$0.01 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 986 Transportation companies, Courage Investment Group ranks worse than 83.37% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Courage Investment Group's annualized net income for the quarter that ended in Jun. 2025 was S$-4.38 Mil. Courage Investment Group's average Total Stockholders Equity over the quarter that ended in Jun. 2025 was S$76.35 Mil. Therefore, Courage Investment Group's annualized ROE % for the quarter that ended in Jun. 2025 was -5.74%.

The historical rank and industry rank for Courage Investment Group's ROE % or its related term are showing as below:

SGX:CIN' s ROE % Range Over the Past 10 Years
Min: -81.09   Med: 1.12   Max: 37.33
Current: -0.64

During the past 13 years, Courage Investment Group's highest ROE % was 37.33%. The lowest was -81.09%. And the median was 1.12%.

SGX:CIN's ROE % is ranked worse than
83.37% of 986 companies
in the Transportation industry
Industry Median: 7.575 vs SGX:CIN: -0.64

Courage Investment Group  (SGX:CIN) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2025 )
=Net Income/Total Stockholders Equity
=-4.382/76.345
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-4.382 / 11.238)*(11.238 / 78.571)*(78.571 / 76.345)
=Net Margin %*Asset Turnover*Equity Multiplier
=-38.99 %*0.143*1.0292
=ROA %*Equity Multiplier
=-5.58 %*1.0292
=-5.74 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2025 )
=Net Income/Total Stockholders Equity
=-4.382/76.345
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-4.382 / -4.382) * (-4.382 / -5.146) * (-5.146 / 11.238) * (11.238 / 78.571) * (78.571 / 76.345)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.8515 * -45.79 % * 0.143 * 1.0292
=-5.74 %

Note: The net income data used here is two times the semi-annual (Jun. 2025) net income data. The Revenue data used here is two times the semi-annual (Jun. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Courage Investment Group ROE % Related Terms


Courage Investment Group ROE % Historical Data

* Premium members only.

The historical data trend for Courage Investment Group's ROE % 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.

Courage Investment Group ROE % Chart

Courage Investment Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.09 1.82 -6.67 2.96 -0.59

Courage Investment Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % 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 -10.17 4.46 1.46 -5.74 4.69

Courage Investment Group ROE % Competitor Comparison

For the Marine Shipping subindustry, Courage Investment Group's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Courage Investment Group ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, Courage Investment Group's ROE % distribution charts can be found below:

* The bar in red indicates where Courage Investment Group's ROE % falls into.


SGX:CIN
39GF Score
Courage Investment Group Ltd SGX:CIN
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Courage Investment Group ROE % Calculation

Courage Investment Group's annualized ROE % for the fiscal year that ended in Dec. 2024 is calculated as

ROE %=Net Income (A: Dec. 2024 )/( (Total Stockholders Equity (A: Dec. 2023 )+Total Stockholders Equity (A: Dec. 2024 ))/ count )
=2.304/( (76.06+79.409)/ 2 )
=2.304/77.7345
=2.96 %

Courage Investment Group's annualized ROE % for the quarter that ended in Jun. 2025 is calculated as

ROE %=Net Income (Q: Jun. 2025 )/( (Total Stockholders Equity (Q: Dec. 2024 )+Total Stockholders Equity (Q: Jun. 2025 ))/ count )
=-4.382/( (79.409+73.281)/ 2 )
=-4.382/76.345
=-5.74 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Jun. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -5.74% mean?
Courage Investment Group (SGX:CIN) has a ROE % of -5.74% as of Jun. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Courage Investment Group and its competitors. According to the industry distribution chart, Courage Investment Group ranks #822 out of 986 companies in the Transportation industry, placing it in the top 83.4%.
Is Courage Investment Group's ROE % too high?
Courage Investment Group's current ROE % is -5.74%. Based on the distribution chart, Courage Investment Group ranks #822 out of 986 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Courage Investment Group has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Courage Investment Group's ROE % compare to competitors?
According to the Transportation industry distribution chart, Courage Investment Group ranks #822 out of 986 companies for ROE %. This places Courage Investment Group in the lower half of its industry. The industry median ROE % is 7.58. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.58, based on 986 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Courage Investment Group and its competitors. For the Transportation industry, the median ROE % is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Courage Investment Group's current ROE % is -5.74%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Courage Investment Group stock overvalued right now?
Based on GuruFocus' analysis, Courage Investment Group (SGX:CIN) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.01, compared to a current price of S$0.02 — trading 60% above its estimated fair value. The current ROE % is -5.74%. Courage Investment Group's overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Courage Investment Group (SGX:CIN), the current ROE % is -5.74% as of Jun. 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 Courage Investment Group (SGX:CIN) Overvalued in 2026?

Based on GuruFocus' analysis, Courage Investment Group stock appears to be overvalued. The current stock price of S$0.02 is trading 60% above its estimated GF Value™ of S$0.01. GuruFocus considers Courage Investment Group to be Significantly Overvalued.

Key valuation signals for SGX:CIN:

  • ROE %: -5.74%
  • GF Value™: S$0.01 vs. price of S$0.02 (60% above fair value)
  • GF Score™: 39/100 with 2 warning signs

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


Courage Investment Group Business Description

Other Exchanges 01145:Hong Kong
Address 23 Harbour Road, Rooms 1405-1412, 14th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG
Courage Investment Group Ltd is an investment holding company. The company's reportable segments include Marine transportation, Merchandise trading, Property holding and investment, and Investment holding. It generates maximum revenue from the Marine transportation segment, which comprises mainly the vessel chartering business. Geographically, it derives a majority of its revenue from Hong Kong.
39GF Score

Get the complete analysis for SGX:CIN

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

S$0.02
Price
S$0.01
GF Value