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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.
Aedes SpA's 3-Year ROIIC % for the quarter that ended in Dec. 2024 was -22.06%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Aedes SpA's 3-Year ROIIC % or its related term are showing as below:
MIL:AEDES's 3-Year ROIIC % is ranked worse than 91.47% of 692
companies
in the REITs industry
Industry Median: 3.61
vs MIL:AEDES: -22.06
Aedes SpA (MIL:AEDES) 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.
Aedes SpA 3-Year ROIIC % Related Terms
Aedes SpA 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Aedes SpA'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.
MIL:AEDES vs SPG, O, KIM: 3-Year ROIIC % Comparison
For the REIT - Retail subindustry, Aedes SpA'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.
Aedes SpA 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Aedes SpA's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Aedes SpA's 3-Year ROIIC % falls into.
Aedes SpA'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**
=
( -1.367 (Dec. 2024) - -1.91 (Dec. 2021) )
/
( 3.709 (Dec. 2024) - 6.17 (Dec. 2021) )
=
0.543
/
-2.461
=
-22.06%***
* 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.
Aedes SpA (MIL:AEDES) has a 3-Year ROIIC % of -22.06 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 Aedes SpA and its competitors. According to the industry distribution chart, Aedes SpA ranks #633 out of 692 companies in the REITs industry, placing it in the top 91.5%.
Is Aedes SpA's 3-Year ROIIC % too high?
Aedes SpA's current 3-Year ROIIC % is -22.06. Based on the distribution chart, Aedes SpA ranks #633 out of 692 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Aedes SpA has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aedes SpA's 3-Year ROIIC % compare to SPG and O?
According to the REITs industry distribution chart, Aedes SpA ranks #633 out of 692 companies for 3-Year ROIIC %. This places Aedes SpA in the lower half of its industry. The industry median 3-Year ROIIC % is 3.61. 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 REITs company?
The median 3-Year ROIIC % among REITs companies is 3.61, based on 692 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 Aedes SpA and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aedes SpA's current 3-Year ROIIC % is -22.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aedes SpA stock overvalued right now?
Based on GuruFocus' analysis, Aedes SpA (MIL:AEDES) is currently considered Possible Value Trap. The stock's GF Value™ is €5.89, compared to a current price of €0.86 — trading 85.4% below its estimated fair value. The current 3-Year ROIIC % is -22.06. Aedes SpA's overall GF Score™ is 38/100 with 4 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 Aedes SpA (MIL:AEDES), the current 3-Year ROIIC % is -22.06 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 Aedes SpA (MIL:AEDES) Overvalued in 2026?
Based on GuruFocus' analysis, Aedes SpA stock appears to be undervalued.
The current stock price of €0.86 is trading 85.4% below its estimated GF Value™ of €5.89.
GuruFocus considers Aedes SpA to be Possible Value Trap.
Key valuation signals for MIL:AEDES:
3-Year ROIIC %: -22.06
GF Value™: €5.89 vs. price of €0.86 (85.4% below fair value)
No single metric tells the full story. See the MIL:AEDES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aedes SpA operates in the real estate sector in Italy and internationally. Its two business lines, acquiring income properties to compete with the performances of European REITs and, on the other, creating a new generation of shopping and leisure centers through its pipeline development.
38GF Score
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