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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 %. MTN Zakhele Futhi (RF)'s annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2025 was 20.78%.
As of today (2026-07-20), MTN Zakhele Futhi (RF)'s WACC % is 14.70%. MTN Zakhele Futhi (RF)'s ROIC % is 8.40% (calculated using TTM income statement data).
MTN Zakhele Futhi (RF) earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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, MTN Zakhele Futhi (RF)'s WACC % is 14.70%. MTN Zakhele Futhi (RF)'s ROIC % is 8.40% (calculated using TTM income statement data).
MTN Zakhele Futhi (RF) earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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.
* 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.
For the Shell Companies subindustry, MTN Zakhele Futhi (RF)'s ROIC %, along with its competitors' market caps and ROIC % 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.
MTN Zakhele Futhi (RF) ROIC % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, MTN Zakhele Futhi (RF)'s ROIC % distribution charts can be found below:
* The bar in red indicates where MTN Zakhele Futhi (RF)'s ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-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.
MTN Zakhele Futhi (RF) (JSE:MTNZF) has a ROIC % of 20.78% 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 MTN Zakhele Futhi (RF) and its competitors.
Is MTN Zakhele Futhi (RF)'s ROIC % too high?
MTN Zakhele Futhi (RF)'s current ROIC % is 20.78%. Overall, MTN Zakhele Futhi (RF) has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does MTN Zakhele Futhi (RF)'s ROIC % compare to XXI and APAD?
MTN Zakhele Futhi (RF)'s ROIC % of 20.78% can be compared against companies in the Diversified Financial Services industry. 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 Diversified Financial Services company?
A good ROIC % depends on the Diversified Financial Services industry context. However, ROIC % 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 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 MTN Zakhele Futhi (RF) and its competitors. MTN Zakhele Futhi (RF)'s current ROIC % is 20.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Zakhele Futhi (RF) stock overvalued right now?
MTN Zakhele Futhi (RF) (JSE:MTNZF) has a current ROIC % of 20.78%. The stock's GF Value™ is R17.15, compared to a current price of R0.20 — trading 98.8% below its estimated fair value. The current ROIC % is 20.78%. MTN Zakhele Futhi (RF)'s overall GF Score™ is 34/100 with 3 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 MTN Zakhele Futhi (RF) (JSE:MTNZF), the current ROIC % is 20.78% 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 MTN Zakhele Futhi (RF) (JSE:MTNZF) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Zakhele Futhi (RF) stock appears to be undervalued.
The current stock price of R0.20 is trading 98.8% below its estimated GF Value™ of R17.15.
Key valuation signals for JSE:MTNZF:
ROIC %: 20.78%
GF Value™: R17.15 vs. price of R0.20 (98.8% below fair value)
No single metric tells the full story. See the JSE:MTNZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Zakhele Futhi (RF) Ltd is an investment company formed as a special purpose investment vehicle to facilitate the implementation of a Broad-Based Black Economic Empowerment. The company is engaged in acquiring and holding shares in MTN Group on behalf of the participating black public.
34GF Score
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