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.
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.
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.
MTN Zakhele Futhi (RF)'s 3-Year ROIIC % for the quarter that ended in Dec. 2024 was -5.86%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for MTN Zakhele Futhi (RF)'s 3-Year ROIIC % or its related term are showing as below:
JSE:MTNZF's 3-Year ROIIC % is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.115
vs JSE:MTNZF: -5.86
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.
MTN Zakhele Futhi (RF) 3-Year ROIIC % Related Terms
MTN Zakhele Futhi (RF) 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for MTN Zakhele Futhi (RF)'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.
JSE:MTNZF vs XXI, APAD, CCCX: 3-Year ROIIC % Comparison
For the Shell Companies subindustry, MTN Zakhele Futhi (RF)'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.
MTN Zakhele Futhi (RF) 3-Year ROIIC % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, MTN Zakhele Futhi (RF)'s 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where MTN Zakhele Futhi (RF)'s 3-Year ROIIC % falls into.
MTN Zakhele Futhi (RF)'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**
=
( 219.1025396 (Dec. 2024) - -15.843 (Dec. 2021) )
/
( 4733.004 (Dec. 2024) - 8740.929 (Dec. 2021) )
=
234.9455396
/
-4007.925
=
-5.86%***
* 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.
MTN Zakhele Futhi (RF) (JSE:MTNZF) has a 3-Year ROIIC % of -5.86 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 MTN Zakhele Futhi (RF) and its competitors.
Is MTN Zakhele Futhi (RF)'s 3-Year ROIIC % too high?
MTN Zakhele Futhi (RF)'s current 3-Year ROIIC % is -5.86. Overall, MTN Zakhele Futhi (RF) has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does MTN Zakhele Futhi (RF)'s 3-Year ROIIC % compare to XXI and APAD?
MTN Zakhele Futhi (RF)'s 3-Year ROIIC % of -5.86 can be compared against companies in the Diversified Financial Services industry. The industry median 3-Year ROIIC % is 0.12. 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 Diversified Financial Services company?
The median 3-Year ROIIC % among Diversified Financial Services companies is 0.12, based on 154 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 MTN Zakhele Futhi (RF) and its competitors. For the Diversified Financial Services industry, the median 3-Year ROIIC % is 0.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Zakhele Futhi (RF)'s current 3-Year ROIIC % is -5.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Zakhele Futhi (RF) stock overvalued right now?
MTN Zakhele Futhi (RF) (JSE:MTNZF) has a current 3-Year ROIIC % of -5.86. The stock's GF Value™ is R17.15, compared to a current price of R0.20 — trading 98.8% below its estimated fair value. The current 3-Year ROIIC % is -5.86. MTN Zakhele Futhi (RF)'s overall GF Score™ is 34/100 with 3 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 MTN Zakhele Futhi (RF) (JSE:MTNZF), the current 3-Year ROIIC % is -5.86 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 MTN Zakhele Futhi (RF) (JSE:MTNZF) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Zakhele Futhi (RF) stock appears to be undervalued.
The current stock price of R0.20 is trading 98.8% below its estimated GF Value™ of R17.15.
Key valuation signals for JSE:MTNZF:
3-Year ROIIC %: -5.86
GF Value™: R17.15 vs. price of R0.20 (98.8% below fair value)
No single metric tells the full story. See the JSE:MTNZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Zakhele Futhi (RF) Ltd is an investment company formed as a special purpose investment vehicle to facilitate the implementation of a Broad-Based Black Economic Empowerment. The company is engaged in acquiring and holding shares in MTN Group on behalf of the participating black public.
34GF Score
Get the complete analysis for JSE:MTNZF
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
JSE:MTNZF has been successfully added to your 
