CAN2 Termik AS (IST:CANTE) 3-Year ROIIC % : -34.15% (As of Dec. 2025)

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.

IST:CANTE CAN2 Termik AS IST:CANTE
45 GF Score
Price ₺1.25
GF Value ₺0.74
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is CAN2 Termik AS 3-Year ROIIC %?

CAN2 Termik AS IST:CANTE -2.34% 45 3-Year ROIIC % is -34.15 as of Dec. 2025. GuruFocus rates IST:CANTE with a GF Score™ of 45/100 and a GF Value™ of ₺0.74 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 397 Utilities - Independent Power Producers companies, CAN2 Termik AS ranks worse than 88.92% 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. CAN2 Termik AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -34.15%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for CAN2 Termik AS's 3-Year ROIIC % or its related term are showing as below:

IST:CANTE's 3-Year ROIIC % is ranked worse than
88.92% of 397 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.15 vs IST:CANTE: -34.15

CAN2 Termik AS  (IST:CANTE) 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.


CAN2 Termik AS 3-Year ROIIC % Related Terms


CAN2 Termik AS 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for CAN2 Termik AS'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.

CAN2 Termik AS 3-Year ROIIC % Chart

CAN2 Termik AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only 5.54 27.11 0.00 1.38 -34.15

CAN2 Termik AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 -34.15 0.00

IST:CANTE vs CEG, VST, NRG: 3-Year ROIIC % Comparison

For the Utilities - Independent Power Producers subindustry, CAN2 Termik AS'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.


CAN2 Termik AS 3-Year ROIIC % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CAN2 Termik AS's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where CAN2 Termik AS's 3-Year ROIIC % falls into.


IST:CANTE
45GF Score
CAN2 Termik AS IST:CANTE
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CAN2 Termik AS 3-Year ROIIC % Calculation

CAN2 Termik AS's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( -721.998585 (Dec. 2025) - 3737.272 (Dec. 2022) )/( 29091.449 (Dec. 2025) - 16035.39 (Dec. 2022) )
=-4459.270585/13056.059
=-34.15%***

* 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 -34.15 mean?
CAN2 Termik AS (IST:CANTE) has a 3-Year ROIIC % of -34.15 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on CAN2 Termik AS and its competitors. According to the industry distribution chart, CAN2 Termik AS ranks #353 out of 397 companies in the Utilities - Independent Power Producers industry, placing it in the top 88.9%.
Is CAN2 Termik AS's 3-Year ROIIC % too high?
CAN2 Termik AS's current 3-Year ROIIC % is -34.15. Based on the distribution chart, CAN2 Termik AS ranks #353 out of 397 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, CAN2 Termik AS has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CAN2 Termik AS's 3-Year ROIIC % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, CAN2 Termik AS ranks #353 out of 397 companies for 3-Year ROIIC %. This places CAN2 Termik AS in the lower half of its industry. The industry median 3-Year ROIIC % is 1.15. 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 Utilities - Independent Power Producers company?
The median 3-Year ROIIC % among Utilities - Independent Power Producers companies is 1.15, based on 397 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. 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 CAN2 Termik AS and its competitors. For the Utilities - Independent Power Producers industry, the median 3-Year ROIIC % is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CAN2 Termik AS's current 3-Year ROIIC % is -34.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CAN2 Termik AS stock overvalued right now?
Based on GuruFocus' analysis, CAN2 Termik AS (IST:CANTE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺0.74, compared to a current price of ₺1.25 — trading 68.9% above its estimated fair value. The current 3-Year ROIIC % is -34.15. CAN2 Termik AS's overall GF Score™ is 45/100 with 5 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 CAN2 Termik AS (IST:CANTE), the current 3-Year ROIIC % is -34.15 as of Dec. 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 CAN2 Termik AS (IST:CANTE) Overvalued in 2026?

Based on GuruFocus' analysis, CAN2 Termik AS stock appears to be overvalued. The current stock price of ₺1.25 is trading 68.9% above its estimated GF Value™ of ₺0.74. GuruFocus considers CAN2 Termik AS to be Significantly Overvalued.

Key valuation signals for IST:CANTE:

  • 3-Year ROIIC %: -34.15
  • GF Value™: ₺0.74 vs. price of ₺1.25 (68.9% above fair value)
  • GF Score™: 45/100 with 5 warning signs

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


CAN2 Termik AS Business Description

Address Barbaros Mahallesi, Karanfil Sokak, Varyap Meridian Sitesi No:l lD, Villa 4 Bati Atajehir, Istanbul, TUR
CAN2 Termik AS is a company operating in the fields of electrical energy generation, procurement and mining. The Company is engaged in the establishment, commissioning, and leasing of domestic coal-based electrical energy production facilities, production of electrical energy, and the sale of the generated electrical energy and/or capacity to customers.
45GF Score

Get the complete analysis for IST:CANTE

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

₺1.25
Price
₺0.74
GF Value