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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Fundo DE Investimento Imobiliario Votorantim Shopping's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2025 was 8.93%.
As of today (2026-07-16), Fundo DE Investimento Imobiliario Votorantim Shopping's WACC % is 7.15%. Fundo DE Investimento Imobiliario Votorantim Shopping's ROIC % is 8.93% (calculated using TTM income statement data).
Fundo DE Investimento Imobiliario Votorantim Shopping generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Fundo DE Investimento Imobiliario Votorantim Shopping's WACC % is 7.15%. Fundo DE Investimento Imobiliario Votorantim Shopping's ROIC % is 8.93% (calculated using TTM income statement data).
Fundo DE Investimento Imobiliario Votorantim Shopping generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Fundo DE Investimento Imobiliario Votorantim Shopping ROIC % Related Terms
Fundo DE Investimento Imobiliario Votorantim Shopping ROIC % Historical 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.
Fundo DE Investimento Imobiliario Votorantim Shopping ROIC % Chart
Fundo DE Investimento Imobiliario Votorantim Shopping Annual Data
* 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.
Fundo DE Investimento Imobiliario Votorantim Shopping ROIC % vs REITs Industry
Note:
The Operating Income data used here is one times the annual (Jun. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) has a ROIC % of 8.93% as of Jun. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Fundo DE Investimento Imobiliario Votorantim Shopping and its competitors.
Is Fundo DE Investimento Imobiliario Votorantim Shopping's ROIC % too high?
Fundo DE Investimento Imobiliario Votorantim Shopping's current ROIC % is 8.93%. The REITs industry median ROIC % is 3.75. Fundo DE Investimento Imobiliario Votorantim Shopping's value of 8.93% is 138.1% above this industry median. Overall, Fundo DE Investimento Imobiliario Votorantim Shopping has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fundo DE Investimento Imobiliario Votorantim Shopping's ROIC % compare to SPG and O?
Fundo DE Investimento Imobiliario Votorantim Shopping's ROIC % of 8.93% can be compared against companies in the REITs industry. The industry median ROIC % is 3.75. Fundo DE Investimento Imobiliario Votorantim Shopping's value of 8.93% is 138.1% 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 ROIC % for a REITs company?
The median ROIC % among REITs companies is 3.75, based on 741 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fundo DE Investimento Imobiliario Votorantim Shopping's current ROIC % of 8.93% is 138.1% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Fundo DE Investimento Imobiliario Votorantim Shopping and its competitors. For the REITs industry, the median ROIC % is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fundo DE Investimento Imobiliario Votorantim Shopping's current ROIC % 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 Fundo DE Investimento Imobiliario Votorantim Shopping stock overvalued right now?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$86.51, compared to a current price of R$74.14 — trading 14.3% below its estimated fair value. The current ROIC % is 8.93% and 138.1% above the REITs industry median of 3.75. Fundo DE Investimento Imobiliario Votorantim Shopping's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11), the current ROIC % is 8.93% 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 Fundo DE Investimento Imobiliario Votorantim Shopping (BSP:VSHO11) Overvalued in 2026?
Based on GuruFocus' analysis, Fundo DE Investimento Imobiliario Votorantim Shopping stock appears to be undervalued.
The current stock price of R$74.14 is trading 14.3% below its estimated GF Value™ of R$86.51.
GuruFocus considers Fundo DE Investimento Imobiliario Votorantim Shopping to be Modestly Undervalued.
Key valuation signals for BSP:VSHO11:
ROIC %: 8.93%
GF Value™: R$86.51 vs. price of R$74.14 (14.3% below fair value)
No single metric tells the full story. See the BSP:VSHO11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fundo DE Investimento Imobiliario Votorantim Shopping Business Description
Fundo DE Investimento Imobiliario Votorantim Shopping is a closed-end fund with an indefinite term, divided into registered, book-entry shares that correspond to ideal fractions of its assets. The fund's objective is to provide shareholders with returns on their investment through the partial or total acquisition of real estate, real rights over real estate, including shares, units of special purpose entities or units of real estate investment funds, for the purpose of commercial exploitation of real estate ventures related to shopping centers and related activities, such as strip malls, outlets or power centers.
78GF Score
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