Coronation Fund ManagersJSE:CML +0.49%72 3-Year ROIIC % is 0.17 as of Sep. 2025, which is 81% below its 10-year median of 0.90. GuruFocus rates JSE:CML with a GF Score™ of 72/100 and a GF Value™ of R42.00 (Fairly Valued). The stock has 5 warning signs investors should review. Among 653 Asset Management companies, Coronation Fund Managers ranks worse than 56.2% 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.
Coronation Fund Managers's 3-Year ROIIC % for the quarter that ended in Sep. 2025 was 0.17%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Coronation Fund Managers's 3-Year ROIIC % or its related term are showing as below:
JSE:CML's 3-Year ROIIC % is ranked worse than 56.2% of 653
companies
in the Asset Management industry
Industry Median: 2.09
vs JSE:CML: 0.17
Coronation Fund Managers (JSE:CML) 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.
Coronation Fund Managers 3-Year ROIIC % Related Terms
Coronation Fund Managers 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.
JSE:CML vs BLK, BX, KKR: 3-Year ROIIC % Comparison
For the Asset Management subindustry, Coronation Fund Managers'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.
Coronation Fund Managers 3-Year ROIIC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Coronation Fund Managers's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Coronation Fund Managers's 3-Year ROIIC % falls into.
Coronation Fund Managers 3-Year ROIIC % Calculation
Coronation Fund Managers's 3-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 1452.9399 (Sep. 2025) - 1315.0827 (Sep. 2022) )
/
( 192845 (Sep. 2025) - 112183 (Sep. 2022) )
=
137.8572
/
80662
=
0.17%***
* 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.
Coronation Fund Managers (JSE:CML) has a 3-Year ROIIC % of 0.17 as of Sep. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Coronation Fund Managers and its competitors. This is 81% below median its historical median of 0.90. According to the industry distribution chart, Coronation Fund Managers ranks #367 out of 653 companies in the Asset Management industry, placing it in the top 56.2%.
Is Coronation Fund Managers' 3-Year ROIIC % too high?
Coronation Fund Managers' current 3-Year ROIIC % of 0.17 is 81% below median its 10-year median of 0.90. The Asset Management industry median 3-Year ROIIC % is 2.09. Coronation Fund Managers' value of 0.17 is 91.9% below this industry median. Based on the distribution chart, Coronation Fund Managers ranks #367 out of 653 companies in the Asset Management industry, which is below the industry midpoint. Overall, Coronation Fund Managers has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coronation Fund Managers' 3-Year ROIIC % compare to BLK and BX?
According to the Asset Management industry distribution chart, Coronation Fund Managers ranks #367 out of 653 companies for 3-Year ROIIC %. This places Coronation Fund Managers in the lower half of its industry. The industry median 3-Year ROIIC % is 2.09. Coronation Fund Managers' value of 0.17 is 91.9% below this benchmark. While the company's 10-year median is 0.90 vs. the industry median of 2.09, Coronation Fund Managers has consistently been below 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 2.09, based on 653 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. Coronation Fund Managers's current 3-Year ROIIC % of 0.17 is 91.9% below 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 Coronation Fund Managers and its competitors. For the Asset Management industry, the median 3-Year ROIIC % is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coronation Fund Managers's current 3-Year ROIIC % is 0.17, which is 81% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coronation Fund Managers stock overvalued right now?
Based on GuruFocus' analysis, Coronation Fund Managers (JSE:CML) is currently considered Fairly Valued. The stock's GF Value™ is R42.00, compared to a current price of R40.90 — trading 2.6% below its estimated fair value. The current 3-Year ROIIC % is 0.17, which is 81% below median its 10-year median of 0.90 and 91.9% below the Asset Management industry median of 2.09. Coronation Fund Managers' overall GF Score™ is 72/100 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 Coronation Fund Managers (JSE:CML), the current 3-Year ROIIC % is 0.17 as of Sep. 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 Coronation Fund Managers (JSE:CML) Overvalued in 2026?
Based on GuruFocus' analysis, Coronation Fund Managers stock appears to be undervalued.
The current stock price of R40.90 is trading 2.6% below its estimated GF Value™ of R42.00.
GuruFocus considers Coronation Fund Managers to be Fairly Valued.
Key valuation signals for JSE:CML:
3-Year ROIIC %: 0.17 (81% below median its 10-year median of 0.90)
GF Value™: R42.00 vs. price of R40.90 (2.6% below fair value)
Industry Position: 91.9% below the Asset Management median (#367 of 653)
No single metric tells the full story. See the JSE:CML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coronation Fund Managers Ltd provides asset management services through segregated and pooled investment vehicles. Clients for the asset manager include pension and provident funds, unit trusts, banks, insurers, and other fund managers. Based out of South Africa, Coronation derives the majority of its revenue from a domestic client base. In addition to managing institutional assets, local retail investors are serviced through non-affiliated channels of independent financial advisors and linked investment service providers. Fund offerings range from income to growth, and also include international portfolios.
72GF Score
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