3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Dyno Nobel's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 26.57%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Dyno Nobel's 3-Year ROIIC % or its related term are showing as below:
ASX:DNL's 3-Year ROIIC % is ranked better than 81.34% of 1522
companies
in the Chemicals industry
Industry Median: -0.04
vs ASX:DNL: 26.57
Dyno Nobel (ASX:DNL) 3-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.
Dyno Nobel 3-Year ROIIC % Related Terms
Dyno Nobel 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Dyno Nobel's 3-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.
ASX:DNL vs LIN, SHW, ECL: 3-Year ROIIC % Comparison
For the Specialty Chemicals subindustry, Dyno Nobel's 3-Year ROIIC %, along with its competitors' market caps and 3-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.
Dyno Nobel 3-Year ROIIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dyno Nobel's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Dyno Nobel's 3-Year ROIIC % falls into.
Dyno Nobel's 3-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 385.42635 (Sep. 2025) - 954.56034 (Sep. 2022) )
/
( 6564.8 (Sep. 2025) - 8706.8 (Sep. 2022) )
=
-569.13399
/
-2142
=
26.57%***
* 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 3-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.
Dyno Nobel (ASX:DNL) has a 3-Year ROIIC % of 26.57 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dyno Nobel and its competitors. According to the industry distribution chart, Dyno Nobel ranks #284 out of 1522 companies in the Chemicals industry, placing it in the top 18.7%.
Is Dyno Nobel's 3-Year ROIIC % too high?
Dyno Nobel's current 3-Year ROIIC % is 26.57. Based on the distribution chart, Dyno Nobel ranks #284 out of 1522 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Dyno Nobel has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dyno Nobel's 3-Year ROIIC % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Dyno Nobel ranks #284 out of 1522 companies for 3-Year ROIIC %. This places Dyno Nobel in the top 19% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Chemicals company?
A good 3-Year ROIIC % depends on the Chemicals industry context. However, 3-Year ROIIC % 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Dyno Nobel and its competitors. Dyno Nobel's current 3-Year ROIIC % is 26.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dyno Nobel stock overvalued right now?
Based on GuruFocus' analysis, Dyno Nobel (ASX:DNL) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.22, compared to a current price of A$3.71 — trading 67.1% above its estimated fair value. The current 3-Year ROIIC % is 26.57. Dyno Nobel's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Dyno Nobel (ASX:DNL), the current 3-Year ROIIC % is 26.57 as of Sep. 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 Dyno Nobel (ASX:DNL) Overvalued in 2026?
Based on GuruFocus' analysis, Dyno Nobel stock appears to be overvalued.
The current stock price of A$3.71 is trading 67.1% above its estimated GF Value™ of A$2.22.
GuruFocus considers Dyno Nobel to be Significantly Overvalued.
Key valuation signals for ASX:DNL:
3-Year ROIIC %: 26.57
GF Value™: A$2.22 vs. price of A$3.71 (67.1% above fair value)
No single metric tells the full story. See the ASX:DNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dyno Nobel is a leading global explosives company with operations in Australia, Asia, and the Americas. We estimate its share of the global commercial explosives market at about 15%. Explosives traditionally contributed around 80% of EBIT, but with the sale of the fertilizers business, this moves to 100%.
61GF Score
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