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Western Marine ShipyardDHA:WMSHIPYARD -2.00%76 3-Year ROIIC % is 3.01 as of Jun. 2025, which is 214% above its 10-year median of 0.96. GuruFocus rates DHA:WMSHIPYARD with a GF Score™ of 76/100 and a GF Value™ of BDT13.05 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 321 Aerospace & Defense companies, Western Marine Shipyard ranks worse than 52.65% on this metric.
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.
Western Marine Shipyard's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 3.01%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Western Marine Shipyard's 3-Year ROIIC % or its related term are showing as below:
DHA:WMSHIPYARD's 3-Year ROIIC % is ranked worse than 52.65% of 321
companies
in the Aerospace & Defense industry
Industry Median: 3.74
vs DHA:WMSHIPYARD: 3.01
Western Marine Shipyard (DHA:WMSHIPYARD) 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.
Western Marine Shipyard 3-Year ROIIC % Related Terms
Western Marine Shipyard 3-Year ROIIC % 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.
DHA:WMSHIPYARD vs SPCX, GE, RTX: 3-Year ROIIC % Comparison
For the Aerospace & Defense subindustry, Western Marine Shipyard'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.
Western Marine Shipyard 3-Year ROIIC % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Western Marine Shipyard's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Western Marine Shipyard's 3-Year ROIIC % falls into.
Western Marine Shipyard 3-Year ROIIC % Calculation
Western Marine Shipyard's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 332.711 (Jun. 2025) - 213.170356 (Jun. 2022) )
/
( 27606.141 (Jun. 2025) - 23638.467 (Jun. 2022) )
=
119.540644
/
3967.674
=
3.01%***
* 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.
Western Marine Shipyard (DHA:WMSHIPYARD) has a 3-Year ROIIC % of 3.01 as of Jun. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Western Marine Shipyard and its competitors. This is 214% above median its historical median of 0.96. According to the industry distribution chart, Western Marine Shipyard ranks #169 out of 321 companies in the Aerospace & Defense industry, placing it in the top 52.6%.
Is Western Marine Shipyard's 3-Year ROIIC % too high?
Western Marine Shipyard's current 3-Year ROIIC % of 3.01 is 214% above median its 10-year median of 0.96. The Aerospace & Defense industry median 3-Year ROIIC % is 3.74. Western Marine Shipyard's value of 3.01 is 19.5% below this industry median. Based on the distribution chart, Western Marine Shipyard ranks #169 out of 321 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Western Marine Shipyard has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Marine Shipyard's 3-Year ROIIC % compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Western Marine Shipyard ranks #169 out of 321 companies for 3-Year ROIIC %. This places Western Marine Shipyard in the lower half of its industry. The industry median 3-Year ROIIC % is 3.74. Western Marine Shipyard's value of 3.01 is 19.5% below this benchmark. While the company's 10-year median is 0.96 vs. the industry median of 3.74, Western Marine Shipyard has consistently been below the industry average. 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 an Aerospace & Defense company?
The median 3-Year ROIIC % among Aerospace & Defense companies is 3.74, based on 321 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Marine Shipyard's current 3-Year ROIIC % of 3.01 is 19.5% 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 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 Western Marine Shipyard and its competitors. For the Aerospace & Defense industry, the median 3-Year ROIIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Marine Shipyard's current 3-Year ROIIC % is 3.01, which is 214% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Marine Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Western Marine Shipyard (DHA:WMSHIPYARD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT13.05, compared to a current price of BDT9.80 — trading 24.9% below its estimated fair value. The current 3-Year ROIIC % is 3.01, which is 214% above median its 10-year median of 0.96 and 19.5% below the Aerospace & Defense industry median of 3.74. Western Marine Shipyard's overall GF Score™ is 76/100 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 Western Marine Shipyard (DHA:WMSHIPYARD), the current 3-Year ROIIC % is 3.01 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 Western Marine Shipyard (DHA:WMSHIPYARD) Overvalued in 2026?
Based on GuruFocus' analysis, Western Marine Shipyard stock appears to be undervalued.
The current stock price of BDT9.80 is trading 24.9% below its estimated GF Value™ of BDT13.05.
GuruFocus considers Western Marine Shipyard to be Modestly Undervalued.
Key valuation signals for DHA:WMSHIPYARD:
3-Year ROIIC %: 3.01 (214% above median its 10-year median of 0.96)
GF Value™: BDT13.05 vs. price of BDT9.80 (24.9% below fair value)
Industry Position: 19.5% below the Aerospace & Defense median (#169 of 321)
No single metric tells the full story. See the DHA:WMSHIPYARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Marine Shipyard Ltd is a public limited company engaged in shipbuilding and related marine engineering activities and operates as an export-oriented shipyard in Bangladesh. The Company specializes in the construction of various vessels, including multi-purpose cargo ships, inland container vessels, inland tankers, passenger ships, Ro-Ro ferries, port utility vessels, tugs, offshore petroleum vessels, fishing trawlers, barges, dredgers, and landing crafts. Its activities mainly comprise new shipbuilding for domestic use and for export markets, supported by in-house ship design facilities and shipyard operations. The Company operates in Bangladesh and has exported vessels to countries such as Germany, Norway, Ecuador, New Zealand, and Kenya, as well as serving domestic clients.
76GF Score
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3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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