Coremax (TPE:4739) 10-Year ROIIC % : 2.85% (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.

TPE:4739 Coremax Corp TPE:4739
65 GF Score
Price NT$69.10
GF Value NT$94.75
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Coremax 10-Year ROIIC %?

Coremax TPE:4739 -3.36% 65 10-Year ROIIC % is 2.85 as of Dec. 2025. GuruFocus rates TPE:4739 with a GF Score™ of 65/100 and a GF Value™ of NT$94.75 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,377 Chemicals companies, Coremax ranks worse than 55.63% on this metric.

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. Coremax's 10-Year ROIIC % for the quarter that ended in Dec. 2025 was 2.85%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Coremax's 10-Year ROIIC % or its related term are showing as below:

TPE:4739's 10-Year ROIIC % is ranked worse than
55.63% of 1377 companies
in the Chemicals industry
Industry Median: 4.39 vs TPE:4739: 2.85

Coremax  (TPE:4739) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Coremax 10-Year ROIIC % Related Terms


Coremax 10-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Coremax's 10-Year ROIIC % 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.

Coremax 10-Year ROIIC % Chart

Coremax Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
10-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.35 8.71 -2.14 3.42 2.85

Coremax Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
10-Year ROIIC % 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 0.00 0.00 0.00 2.85 0.00

TPE:4739 vs LIN, SHW, ECL: 10-Year ROIIC % Comparison

For the Specialty Chemicals subindustry, Coremax's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.


Coremax 10-Year ROIIC % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Coremax's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Coremax's 10-Year ROIIC % falls into.


TPE:4739
65GF Score
Coremax Corp TPE:4739
10-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coremax 10-Year ROIIC % Calculation

Coremax's 10-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

10-Year ROIIC %=10-Year Incremental Net Operating Profit After Taxes (NOPAT)**/10-Year Incremental Invested Capital**
=( 300.2300802 (Dec. 2025) - 169.1584148 (Dec. 2015) )/( 8944.339 (Dec. 2025) - 4345.961 (Dec. 2015) )
=131.0716654/4598.378
=2.85%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 10-Year ROIIC % →
What does a 10-Year ROIIC % of 2.85 mean?
Coremax (TPE:4739) has a 10-Year ROIIC % of 2.85 as of Dec. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Coremax and its competitors. According to the industry distribution chart, Coremax ranks #766 out of 1377 companies in the Chemicals industry, placing it in the top 55.6%.
Is Coremax's 10-Year ROIIC % too high?
Coremax's current 10-Year ROIIC % is 2.85. The Chemicals industry median 10-Year ROIIC % is 4.39. Coremax's value of 2.85 is 35.1% below this industry median. Based on the distribution chart, Coremax ranks #766 out of 1377 companies in the Chemicals industry, which is below the industry midpoint. Overall, Coremax has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coremax's 10-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Coremax ranks #766 out of 1377 companies for 10-Year ROIIC %. This places Coremax in the lower half of its industry. The industry median 10-Year ROIIC % is 4.39. Coremax's value of 2.85 is 35.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Chemicals company?
The median 10-Year ROIIC % among Chemicals companies is 4.39, based on 1,377 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coremax's current 10-Year ROIIC % of 2.85 is 35.1% below 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Coremax and its competitors. For the Chemicals industry, the median 10-Year ROIIC % is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coremax's current 10-Year ROIIC % is 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coremax stock overvalued right now?
Based on GuruFocus' analysis, Coremax (TPE:4739) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$94.75, compared to a current price of NT$69.10 — trading 27.1% below its estimated fair value. The current 10-Year ROIIC % is 2.85 and 35.1% below the Chemicals industry median of 4.39. Coremax's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Coremax (TPE:4739), the current 10-Year ROIIC % is 2.85 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 Coremax (TPE:4739) Overvalued in 2026?

Based on GuruFocus' analysis, Coremax stock appears to be undervalued. The current stock price of NT$69.10 is trading 27.1% below its estimated GF Value™ of NT$94.75. GuruFocus considers Coremax to be Modestly Undervalued.

Key valuation signals for TPE:4739:

  • 10-Year ROIIC %: 2.85
  • GF Value™: NT$94.75 vs. price of NT$69.10 (27.1% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 35.1% below the Chemicals median (#766 of 1377)

No single metric tells the full story. See the TPE:4739 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coremax Business Description

Address 11 Wenhua Road, Hsinchu Industrial Park, Hsinchu County, TWN, 30352
Coremax Corp is engaged in the manufacturing, sales, import, and export of oxidation catalysts, battery materials, chemical fertilizers, and specialty chemicals. The company operates in Oxidation catalyst department; Battery material department; Chemical fertilizers department; and Specialty chemical department. Geographically, the company generates its revenue from Taiwan and the rest from China and other regions.
65GF Score

Get the complete analysis for TPE:4739

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

NT$69.10
Price
NT$94.75
GF Value