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.
Africa Resources AB's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -4.15%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Africa Resources AB's 3-Year ROIIC % or its related term are showing as below:
NGM:AFRI's 3-Year ROIIC % is ranked worse than 53.09% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.525
vs NGM:AFRI: -4.15
Africa Resources AB (NGM:AFRI) 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.
Africa Resources AB 3-Year ROIIC % Related Terms
Africa Resources AB 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Africa Resources AB'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.
For the Other Precious Metals & Mining subindustry, Africa Resources AB'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.
Africa Resources AB 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Africa Resources AB's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Africa Resources AB's 3-Year ROIIC % falls into.
Africa Resources AB'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**
=
( -1.79 (Dec. 2025) - -1.854 (Dec. 2022) )
/
( 11.163 (Dec. 2025) - 12.707 (Dec. 2022) )
=
0.064
/
-1.544
=
-4.15%***
* 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.
Africa Resources AB (NGM:AFRI) has a 3-Year ROIIC % of -4.15 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 Africa Resources AB and its competitors. According to the industry distribution chart, Africa Resources AB ranks #1221 out of 2300 companies in the Metals & Mining industry, placing it in the top 53.1%.
Is Africa Resources AB's 3-Year ROIIC % too high?
Africa Resources AB's current 3-Year ROIIC % is -4.15. Based on the distribution chart, Africa Resources AB ranks #1221 out of 2300 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Africa Resources AB has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Africa Resources AB's 3-Year ROIIC % compare to HL and SIND?
According to the Metals & Mining industry distribution chart, Africa Resources AB ranks #1221 out of 2300 companies for 3-Year ROIIC %. This places Africa Resources AB in the lower half of its industry. 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 Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. 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 Africa Resources AB and its competitors. Africa Resources AB's current 3-Year ROIIC % is -4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Africa Resources AB stock overvalued right now?
Based on GuruFocus' analysis, Africa Resources AB (NGM:AFRI) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.57, compared to a current price of kr0.15 — trading 73% below its estimated fair value. The current 3-Year ROIIC % is -4.15. Africa Resources AB's overall GF Score™ is 29/100 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 Africa Resources AB (NGM:AFRI), the current 3-Year ROIIC % is -4.15 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 Africa Resources AB (NGM:AFRI) Overvalued in 2026?
Based on GuruFocus' analysis, Africa Resources AB stock appears to be undervalued.
The current stock price of kr0.15 is trading 73% below its estimated GF Value™ of kr0.57.
GuruFocus considers Africa Resources AB to be Possible Value Trap.
Key valuation signals for NGM:AFRI:
3-Year ROIIC %: -4.15
GF Value™: kr0.57 vs. price of kr0.15 (73% below fair value)
No single metric tells the full story. See the NGM:AFRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Africa Resources AB is engaged in exploration and extraction of minerals in Africa. The company is developing projects based on collaborations with local expertise and partners.
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