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Independent Capital AGHAM:I8CK -1.23%49 3-Year ROIIC % is 17.46 as of Dec. 2024, which is 33% above its 10-year median of 13.16. GuruFocus rates HAM:I8CK with a GF Score™ of 49/100 and a GF Value™ of €5.16 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 656 Asset Management companies, Independent Capital AG ranks better than 67.99% 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.
Independent Capital AG's 3-Year ROIIC % for the quarter that ended in Dec. 2024 was 17.46%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Independent Capital AG's 3-Year ROIIC % or its related term are showing as below:
HAM:I8CK's 3-Year ROIIC % is ranked better than 67.99% of 656
companies
in the Asset Management industry
Industry Median: 1.845
vs HAM:I8CK: 17.46
Independent Capital AG (HAM:I8CK) 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.
Independent Capital AG 3-Year ROIIC % Related Terms
Independent Capital AG 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Independent Capital AG'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.
HAM:I8CK vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, Independent Capital AG'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.
Independent Capital AG 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Independent Capital AG's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Independent Capital AG's 3-Year ROIIC % falls into.
Independent Capital AG'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**
=
( 0.377 (Dec. 2024) - 0.194 (Dec. 2021) )
/
( 1.625 (Dec. 2024) - 0.577 (Dec. 2021) )
=
0.183
/
1.048
=
17.46%***
* 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.
Independent Capital AG (HAM:I8CK) has a 3-Year ROIIC % of 17.46 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 Independent Capital AG and its competitors. This is 33% above median its historical median of 13.16. According to the industry distribution chart, Independent Capital AG ranks #210 out of 656 companies in the Asset Management industry, placing it in the top 32%.
Is Independent Capital AG's 3-Year ROIIC % too high?
Independent Capital AG's current 3-Year ROIIC % of 17.46 is 33% above median its 10-year median of 13.16. The Asset Management industry median 3-Year ROIIC % is 1.85. Independent Capital AG's value of 17.46 is 846.3% above this industry median. Based on the distribution chart, Independent Capital AG ranks #210 out of 656 companies in the Asset Management industry, which is above the industry midpoint. Overall, Independent Capital AG has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Independent Capital AG's 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, Independent Capital AG ranks #210 out of 656 companies for 3-Year ROIIC %. This puts Independent Capital AG in the upper half of its industry. The industry median 3-Year ROIIC % is 1.85. Independent Capital AG's value of 17.46 is 846.3% above this benchmark. While the company's 10-year median is 13.16 vs. the industry median of 1.85, Independent Capital AG has consistently been above 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 Asset Management company?
The median 3-Year ROIIC % among Asset Management companies is 1.85, based on 656 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. Independent Capital AG's current 3-Year ROIIC % of 17.46 is 846.3% 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 Independent Capital AG and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Capital AG's current 3-Year ROIIC % is 17.46, which is 33% above median its own 10-year median of 13.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Capital AG stock overvalued right now?
Based on GuruFocus' analysis, Independent Capital AG (HAM:I8CK) is currently considered Possible Value Trap. The stock's GF Value™ is €5.16, compared to a current price of €0.80 — trading 84.5% below its estimated fair value. The current 3-Year ROIIC % is 17.46, which is 33% above median its 10-year median of 13.16 and 846.3% above the Asset Management industry median of 1.85. Independent Capital AG's overall GF Score™ is 49/100 with 1 warning sign 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 Independent Capital AG (HAM:I8CK), the current 3-Year ROIIC % is 17.46 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 Independent Capital AG (HAM:I8CK) Overvalued in 2026?
Based on GuruFocus' analysis, Independent Capital AG stock appears to be undervalued.
The current stock price of €0.80 is trading 84.5% below its estimated GF Value™ of €5.16.
GuruFocus considers Independent Capital AG to be Possible Value Trap.
Key valuation signals for HAM:I8CK:
3-Year ROIIC %: 17.46 (33% above median its 10-year median of 13.16)
GF Value™: €5.16 vs. price of €0.80 (84.5% below fair value)
Industry Position: 846.3% above the Asset Management median (#210 of 656)
No single metric tells the full story. See the HAM:I8CK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Independent Capital AG is a financing solutions provider. The company follows the crowd-solution principle and supports financing projects across the world by providing comprehensive advice on country-specific funding opportunities.
49GF Score
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