Mustek (JSE:MST) 3-Year ROIIC % : 34.74% (As of Jun. 2025) — 179% Above Median

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JSE:MST Mustek Ltd JSE:MST
77 GF Score
Price R14.95
GF Value R12.56
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Mustek 3-Year ROIIC %?

Mustek JSE:MST -1.64% 77 3-Year ROIIC % is 34.74 as of Jun. 2025, which is 179% above its 10-year median of 12.45. GuruFocus rates JSE:MST with a GF Score™ of 77/100 and a GF Value™ of R12.56 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,376 Hardware companies, Mustek ranks better than 78.91% 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. Mustek's 3-Year ROIIC % for the quarter that ended in Jun. 2025 was 34.74%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

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

JSE:MST's 3-Year ROIIC % is ranked better than
78.91% of 2376 companies
in the Hardware industry
Industry Median: 2.335 vs JSE:MST: 34.74

Mustek  (JSE:MST) 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.


Mustek 3-Year ROIIC % Related Terms


Mustek 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Mustek'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.

Mustek 3-Year ROIIC % Chart

Mustek Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.87 14.23 16.27 -20.30 34.74

Mustek Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -20.30 0.00 34.74 0.00

JSE:MST vs SNDK, DELL, STX: 3-Year ROIIC % Comparison

For the Computer Hardware subindustry, Mustek'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.


Mustek 3-Year ROIIC % vs Hardware Industry

For the Hardware industry and Technology sector, Mustek's 3-Year ROIIC % distribution charts can be found below:

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


JSE:MST
77GF Score
Mustek Ltd JSE:MST
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustek 3-Year ROIIC % Calculation

Mustek's 3-Year ROIIC % for the quarter that ended in Jun. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 143.7232965 (Jun. 2025) - 335.780312 (Jun. 2022) )/( 2743.003 (Jun. 2025) - 3295.878 (Jun. 2022) )
=-192.0570155/-552.875
=34.74%***

* 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 34.74 mean?
Mustek (JSE:MST) has a 3-Year ROIIC % of 34.74 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 Mustek and its competitors. This is 179% above median its historical median of 12.45. According to the industry distribution chart, Mustek ranks #501 out of 2376 companies in the Hardware industry, placing it in the top 21.1%.
Is Mustek's 3-Year ROIIC % too high?
Mustek's current 3-Year ROIIC % of 34.74 is 179% above median its 10-year median of 12.45. The Hardware industry median 3-Year ROIIC % is 2.34. Mustek's value of 34.74 is 1387.8% above this industry median. Based on the distribution chart, Mustek ranks #501 out of 2376 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Mustek has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's 3-Year ROIIC % compare to SNDK and DELL?
According to the Hardware industry distribution chart, Mustek ranks #501 out of 2376 companies for 3-Year ROIIC %. This places Mustek in the top 21% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 2.34. Mustek's value of 34.74 is 1387.8% above this benchmark. While the company's 10-year median is 12.45 vs. the industry median of 2.34, Mustek 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 Hardware company?
The median 3-Year ROIIC % among Hardware companies is 2.34, based on 2,376 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. Mustek's current 3-Year ROIIC % of 34.74 is 1387.8% 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 Mustek and its competitors. For the Hardware industry, the median 3-Year ROIIC % is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustek's current 3-Year ROIIC % is 34.74, which is 179% above median its own 10-year median of 12.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.56, compared to a current price of R14.95 — trading 19% above its estimated fair value. The current 3-Year ROIIC % is 34.74, which is 179% above median its 10-year median of 12.45 and 1387.8% above the Hardware industry median of 2.34. Mustek's overall GF Score™ is 77/100 with 8 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 Mustek (JSE:MST), the current 3-Year ROIIC % is 34.74 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 Mustek (JSE:MST) Overvalued in 2026?

Based on GuruFocus' analysis, Mustek stock appears to be overvalued. The current stock price of R14.95 is trading 19% above its estimated GF Value™ of R12.56. GuruFocus considers Mustek to be Modestly Overvalued.

Key valuation signals for JSE:MST:

  • 3-Year ROIIC %: 34.74 (179% above median its 10-year median of 12.45)
  • GF Value™: R12.56 vs. price of R14.95 (19% above fair value)
  • GF Score™: 77/100 with 8 warning signs
  • Industry Position: 1387.8% above the Hardware median (#501 of 2376)

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


Mustek Business Description

Address 322 15th Road, Randjespark, Midrand, GT, ZAF, 1685
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
77GF Score

Get the complete analysis for JSE:MST

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

R14.95
Price
R12.56
GF Value