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.
African Rainbow Minerals's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was -35.15%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for African Rainbow Minerals's 3-Year ROIIC % or its related term are showing as below:
HAM:EB9's 3-Year ROIIC % is ranked worse than 74.62% of 2301
companies
in the Metals & Mining industry
Industry Median: -2.5
vs HAM:EB9: -35.15
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.
African Rainbow Minerals 3-Year ROIIC % Related Terms
African Rainbow Minerals 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.
For the Other Industrial Metals & Mining subindustry, African Rainbow Minerals'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.
African Rainbow Minerals 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, African Rainbow Minerals's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where African Rainbow Minerals's 3-Year ROIIC % falls into.
* 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.
African Rainbow Minerals (HAM:EB9) has a 3-Year ROIIC % of -35.15 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 African Rainbow Minerals and its competitors. According to the industry distribution chart, African Rainbow Minerals ranks #1717 out of 2301 companies in the Metals & Mining industry, placing it in the top 74.6%.
Is African Rainbow Minerals' 3-Year ROIIC % too high?
African Rainbow Minerals' current 3-Year ROIIC % is -35.15. Based on the distribution chart, African Rainbow Minerals ranks #1717 out of 2301 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, African Rainbow Minerals has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does African Rainbow Minerals' 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, African Rainbow Minerals ranks #1717 out of 2301 companies for 3-Year ROIIC %. This places African Rainbow Minerals in the lower half of its industry. 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 Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining 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 African Rainbow Minerals and its competitors. African Rainbow Minerals's current 3-Year ROIIC % is -35.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Rainbow Minerals stock overvalued right now?
Based on GuruFocus' analysis, African Rainbow Minerals (HAM:EB9) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.11, compared to a current price of €9.10 — trading 24.9% below its estimated fair value. The current 3-Year ROIIC % is -35.15. African Rainbow Minerals' overall GF Score™ is 74/100 with 6 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 African Rainbow Minerals (HAM:EB9), the current 3-Year ROIIC % is -35.15 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 African Rainbow Minerals (HAM:EB9) Overvalued in 2026?
Based on GuruFocus' analysis, African Rainbow Minerals stock appears to be undervalued.
The current stock price of €9.10 is trading 24.9% below its estimated GF Value™ of €12.11.
GuruFocus considers African Rainbow Minerals to be Significantly Undervalued.
Key valuation signals for HAM:EB9:
3-Year ROIIC %: -35.15
GF Value™: €12.11 vs. price of €9.10 (24.9% below fair value)
No single metric tells the full story. See the HAM:EB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
African Rainbow Minerals Ltd is a South African diversified mining and minerals company with operations in South Africa and Malaysia. The group operates through four main segments: ARM Platinum, which includes platinum group metals and nickel; ARM Ferrous, focused on iron ore, manganese ore, and chrome ore; ARM Coal, operating mainly in the Goedgevonden Mine; and ARM Corporate, which includes Machadodorp Works, gold investments, and other activities. The company produces manganese alloys and holds a strategic investment in gold. The company generates the majority of its revenue from South Africa and maintains a presence in Europe, the Americas, and the Far and Middle East.
74GF Score
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