Rex Concepts (WAR:REX) ROE %: -12.02% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:REX Rex Concepts SA WAR:REX
7 GF Score
Price zł12.20
! 1 Warning Sign
View Full Analysis

What is Rex Concepts ROE %?

Rex Concepts WAR:REX +1.84% 7 ROE % is -12.02% as of Dec. 2025. GuruFocus rates WAR:REX with a GF Score™ of 7/100. The stock has 1 warning sign investors should review. Among 344 Restaurants companies, Rex Concepts ranks worse than 81.1% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Rex Concepts's annualized net income for the quarter that ended in Dec. 2025 was zł-45.6 Mil. Rex Concepts's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was zł379.4 Mil. Therefore, Rex Concepts's annualized ROE % for the quarter that ended in Dec. 2025 was -12.02%.

The historical rank and industry rank for Rex Concepts's ROE % or its related term are showing as below:

WAR:REX' s ROE % Range Over the Past 10 Years
Min: -20.05   Med: -18.67   Max: -12.02
Current: -12.02

During the past 3 years, Rex Concepts's highest ROE % was -12.02%. The lowest was -20.05%. And the median was -18.67%.

WAR:REX's ROE % is ranked worse than
81.1% of 344 companies
in the Restaurants industry
Industry Median: 6.45 vs WAR:REX: -12.02

Rex Concepts  (WAR:REX) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-45.595/379.4305
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-45.595 / 594.568)*(594.568 / 875.445)*(875.445 / 379.4305)
=Net Margin %*Asset Turnover*Equity Multiplier
=-7.67 %*0.6792*2.3073
=ROA %*Equity Multiplier
=-5.21 %*2.3073
=-12.02 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-45.595/379.4305
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-45.595 / -62.08) * (-62.08 / -31.894) * (-31.894 / 594.568) * (594.568 / 875.445) * (875.445 / 379.4305)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7345 * 1.9464 * -5.36 % * 0.6792 * 2.3073
=-12.02 %

Note: The net income data used here is one times the annual (Dec. 2025) net income data. The Revenue data used here is one times the annual (Dec. 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.


Rex Concepts ROE % Related Terms


Rex Concepts ROE % Historical Data

* Premium members only.

The historical data trend for Rex Concepts'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.

Rex Concepts ROE % Chart

Rex Concepts Annual Data
Trend Dec23 Dec24 Dec25
ROE %
-18.67 -20.05 -12.02

Rex Concepts Semi-Annual Data
Dec23 Dec24 Dec25
ROE % -18.67 -20.05 -12.02

WAR:REX vs MCD, SBUX, YUM: ROE % Comparison

For the Restaurants subindustry, Rex Concepts'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.


Rex Concepts ROE % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Rex Concepts's ROE % distribution charts can be found below:

* The bar in red indicates where Rex Concepts's ROE % falls into.


WAR:REX
7GF Score
Rex Concepts SA WAR:REX
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rex Concepts ROE % Calculation

Rex Concepts's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-45.595/( (284.525+474.336)/ 2 )
=-45.595/379.4305
=-12.02 %

Rex Concepts's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Dec. 2024 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=-45.595/( (284.525+474.336)/ 2 )
=-45.595/379.4305
=-12.02 %

* 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 one times the annual (Dec. 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 -12.02% mean?
Rex Concepts (WAR:REX) has a ROE % of -12.02% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Rex Concepts and its competitors. According to the industry distribution chart, Rex Concepts ranks #279 out of 344 companies in the Restaurants industry, placing it in the top 81.1%.
Is Rex Concepts' ROE % too high?
Rex Concepts' current ROE % is -12.02%. Based on the distribution chart, Rex Concepts ranks #279 out of 344 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Rex Concepts has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Rex Concepts' ROE % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Rex Concepts ranks #279 out of 344 companies for ROE %. This places Rex Concepts in the lower half of its industry. The industry median ROE % is 6.45. 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 Restaurants company?
The median ROE % among Restaurants companies is 6.45, based on 344 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 Rex Concepts and its competitors. For the Restaurants industry, the median ROE % is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rex Concepts's current ROE % is -12.02%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rex Concepts stock overvalued right now?
Rex Concepts (WAR:REX) has a current ROE % of -12.02%. The current ROE % is -12.02%. Rex Concepts' overall GF Score™ is 7/100 with 1 warning sign 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 Rex Concepts (WAR:REX), the current ROE % is -12.02% 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.

Rex Concepts Business Description

Rex Concepts SA operates a chain of quick service restaurants (QSRs) in Central and Eastern Europe. The Group is the master franchisee of the Burger King and Popeyes brands in Poland, the Czech Republic, and Romania. It operates approximately 94 Burger King restaurants and 165 Popeyes restaurants in Poland, the Czech Republic, and Romania. In addition to operating its own restaurants, the Group's operations also include granting franchises to operate Burger King restaurants to third parties (sub franchisees) based on the Group's rights as master franchisee in Poland, the Czech Republic, and Romania.
7GF Score

Get the complete analysis for WAR:REX

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

zł12.20
Price