Martifer SGPS (FRA:FRW) 3-Year ROIIC % : 37.04% (As of Dec. 2024)

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.

FRA:FRW Martifer SGPS SA FRA:FRW
67 GF Score
Price €2.28
GF Value €2.00
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Martifer SGPS 3-Year ROIIC %?

Martifer SGPS FRA:FRW -0.44% 67 3-Year ROIIC % is 37.04 as of Dec. 2024. GuruFocus rates FRA:FRW with a GF Score™ of 67/100 and a GF Value™ of €2.00 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,684 Construction companies, Martifer SGPS ranks better than 84.5% 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. Martifer SGPS's 3-Year ROIIC % for the quarter that ended in Dec. 2024 was 37.04%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Martifer SGPS's 3-Year ROIIC % or its related term are showing as below:

FRA:FRW's 3-Year ROIIC % is ranked better than
84.5% of 1684 companies
in the Construction industry
Industry Median: 4.64 vs FRA:FRW: 37.04

Martifer SGPS  (FRA:FRW) 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.


Martifer SGPS 3-Year ROIIC % Related Terms


Martifer SGPS 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Martifer SGPS'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.

Martifer SGPS 3-Year ROIIC % Chart

Martifer SGPS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.37 -7.76 -15.16 -6.77 37.04

Martifer SGPS Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
3-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 -6.77 0.00 37.04 0.00

FRA:FRW vs PWR, FIX, EME: 3-Year ROIIC % Comparison

For the Engineering & Construction subindustry, Martifer SGPS'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.


Martifer SGPS 3-Year ROIIC % vs Construction Industry

For the Construction industry and Industrials sector, Martifer SGPS's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Martifer SGPS's 3-Year ROIIC % falls into.


FRA:FRW
67GF Score
Martifer SGPS SA FRA:FRW
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Martifer SGPS 3-Year ROIIC % Calculation

Martifer SGPS's 3-Year ROIIC % for the quarter that ended in Dec. 2024 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 26.957596 (Dec. 2024) - 11.3907525 (Dec. 2021) )/( 220.455 (Dec. 2024) - 178.426 (Dec. 2021) )
=15.5668435/42.029
=37.04%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of 37.04 mean?
Martifer SGPS (FRA:FRW) has a 3-Year ROIIC % of 37.04 as of Dec. 2024. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Martifer SGPS and its competitors. According to the industry distribution chart, Martifer SGPS ranks #261 out of 1684 companies in the Construction industry, placing it in the top 15.5%.
Is Martifer SGPS's 3-Year ROIIC % too high?
Martifer SGPS's current 3-Year ROIIC % is 37.04. The Construction industry median 3-Year ROIIC % is 4.64. Martifer SGPS's value of 37.04 is 698.3% above this industry median. Based on the distribution chart, Martifer SGPS ranks #261 out of 1684 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Martifer SGPS has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Martifer SGPS's 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Martifer SGPS ranks #261 out of 1684 companies for 3-Year ROIIC %. This places Martifer SGPS in the top 16% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.64. Martifer SGPS's value of 37.04 is 698.3% 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 3-Year ROIIC % for a Construction company?
The median 3-Year ROIIC % among Construction companies is 4.64, based on 1,684 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. Martifer SGPS's current 3-Year ROIIC % of 37.04 is 698.3% 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 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 Martifer SGPS and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Martifer SGPS's current 3-Year ROIIC % is 37.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martifer SGPS stock overvalued right now?
Based on GuruFocus' analysis, Martifer SGPS (FRA:FRW) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.00, compared to a current price of €2.28 — trading 14% above its estimated fair value. The current 3-Year ROIIC % is 37.04 and 698.3% above the Construction industry median of 4.64. Martifer SGPS's overall GF Score™ is 67/100 with 4 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 Martifer SGPS (FRA:FRW), the current 3-Year ROIIC % is 37.04 as of Dec. 2024. 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 Martifer SGPS (FRA:FRW) Overvalued in 2026?

Based on GuruFocus' analysis, Martifer SGPS stock appears to be overvalued. The current stock price of €2.28 is trading 14% above its estimated GF Value™ of €2.00. GuruFocus considers Martifer SGPS to be Modestly Overvalued.

Key valuation signals for FRA:FRW:

  • 3-Year ROIIC %: 37.04
  • GF Value™: €2.00 vs. price of €2.28 (14% above fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 698.3% above the Construction median (#261 of 1684)

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


Martifer SGPS Business Description

Other Exchanges MAR:Portugal0GOI:UK
Address Apartado 17, Zona Industrial, Oliveira de Frades, PRT, 3684-001
Martifer SGPS SA is Portugal based holding company. Along with its subsidiaries, the firm operates in three business divisions: Metallic Constructions, which provides metallic constructions, aluminum and glass facades, and infrastructures for oil & gas; Naval Industry segment includes shipbuilding as well as the rendering of ship repair and ship conversion services; and Renewables segment includes the promotion and development of renewable energy projects, with special focus on the wind energy sector. Its geographical segments are Iberian Peninsula, Central Europe, and Other markets.
67GF Score

Get the complete analysis for FRA:FRW

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

€2.28
Price
€2.00
GF Value