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Tian Cheng HoldingsHKSE:02110 -1.56% 3-Year ROIIC % is 46.74 as of May. 2025, which is 449% above its 10-year median of 8.51. The stock has 3 warning signs investors should review. Among 1,696 Construction companies, Tian Cheng Holdings ranks better than 87.21% 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.
Tian Cheng Holdings's 3-Year ROIIC % for the quarter that ended in May. 2025 was 46.74%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Tian Cheng Holdings's 3-Year ROIIC % or its related term are showing as below:
HKSE:02110's 3-Year ROIIC % is ranked better than 87.21% of 1696
companies
in the Construction industry
Industry Median: 4.63
vs HKSE:02110: 46.74
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.
Tian Cheng Holdings 3-Year ROIIC % Related Terms
Tian Cheng Holdings 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Tian Cheng Holdings'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.
HKSE:02110 vs PWR, FIX, EME: 3-Year ROIIC % Comparison
For the Engineering & Construction subindustry, Tian Cheng Holdings'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.
Tian Cheng Holdings 3-Year ROIIC % vs Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Tian Cheng Holdings'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.
Tian Cheng Holdings (HKSE:02110) has a 3-Year ROIIC % of 46.74 as of May. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Tian Cheng Holdings and its competitors. This is 449% above median its historical median of 8.51. According to the industry distribution chart, Tian Cheng Holdings ranks #217 out of 1696 companies in the Construction industry, placing it in the top 12.8%.
Is Tian Cheng Holdings' 3-Year ROIIC % too high?
Tian Cheng Holdings' current 3-Year ROIIC % of 46.74 is 449% above median its 10-year median of 8.51. The Construction industry median 3-Year ROIIC % is 4.63. Tian Cheng Holdings' value of 46.74 is 909.5% above this industry median. Based on the distribution chart, Tian Cheng Holdings ranks #217 out of 1696 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.
How does Tian Cheng Holdings' 3-Year ROIIC % compare to PWR and FIX?
According to the Construction industry distribution chart, Tian Cheng Holdings ranks #217 out of 1696 companies for 3-Year ROIIC %. This places Tian Cheng Holdings in the top 13% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 4.63. Tian Cheng Holdings' value of 46.74 is 909.5% above this benchmark. While the company's 10-year median is 8.51 vs. the industry median of 4.63, Tian Cheng Holdings 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 a Construction company?
The median 3-Year ROIIC % among Construction companies is 4.63, based on 1,696 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. Tian Cheng Holdings's current 3-Year ROIIC % of 46.74 is 909.5% 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 Tian Cheng Holdings and its competitors. For the Construction industry, the median 3-Year ROIIC % is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Cheng Holdings's current 3-Year ROIIC % is 46.74, which is 449% above median its own 10-year median of 8.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.06 — trading 37% below its estimated fair value. The current 3-Year ROIIC % is 46.74, which is 449% above median its 10-year median of 8.51 and 909.5% above the Construction industry median of 4.63. 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 Tian Cheng Holdings (HKSE:02110), the current 3-Year ROIIC % is 46.74 as of May. 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.
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.
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