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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.
Old Chang Kee's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 135.72%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Old Chang Kee's 3-Year ROIIC % or its related term are showing as below:
SGX:5ML's 3-Year ROIIC % is ranked better than 93.13% of 335
companies
in the Restaurants industry
Industry Median: 3.55
vs SGX:5ML: 135.72
Old Chang Kee (SGX:5ML) 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.
Old Chang Kee 3-Year ROIIC % Related Terms
Old Chang Kee 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Old Chang Kee'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.
SGX:5ML vs MCD, SBUX, YUM: 3-Year ROIIC % Comparison
For the Restaurants subindustry, Old Chang Kee'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.
Old Chang Kee 3-Year ROIIC % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Old Chang Kee's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Old Chang Kee's 3-Year ROIIC % falls into.
Old Chang Kee's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 9.6260596 (Mar. 2026) - 7.0948254 (Mar. 2023) )
/
( 60.26 (Mar. 2026) - 58.395 (Mar. 2023) )
=
2.5312342
/
1.865
=
135.72%***
* 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.
Old Chang Kee (SGX:5ML) has a 3-Year ROIIC % of 135.72 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Old Chang Kee and its competitors. According to the industry distribution chart, Old Chang Kee ranks #23 out of 335 companies in the Restaurants industry, placing it in the top 6.9%.
Is Old Chang Kee's 3-Year ROIIC % too high?
Old Chang Kee's current 3-Year ROIIC % is 135.72. The Restaurants industry median 3-Year ROIIC % is 3.55. Old Chang Kee's value of 135.72 is 3723.1% above this industry median. Based on the distribution chart, Old Chang Kee ranks #23 out of 335 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Old Chang Kee has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Chang Kee's 3-Year ROIIC % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Old Chang Kee ranks #23 out of 335 companies for 3-Year ROIIC %. This places Old Chang Kee in the top 7% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.55. Old Chang Kee's value of 135.72 is 3723.1% above this benchmark. 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 Restaurants company?
The median 3-Year ROIIC % among Restaurants companies is 3.55, based on 335 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. Old Chang Kee's current 3-Year ROIIC % of 135.72 is 3723.1% 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 Old Chang Kee and its competitors. For the Restaurants industry, the median 3-Year ROIIC % is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Chang Kee's current 3-Year ROIIC % is 135.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Chang Kee stock overvalued right now?
Based on GuruFocus' analysis, Old Chang Kee (SGX:5ML) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.80, compared to a current price of S$1.19 — trading 48.8% above its estimated fair value. The current 3-Year ROIIC % is 135.72 and 3723.1% above the Restaurants industry median of 3.55. Old Chang Kee's overall GF Score™ is 46/100 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 Old Chang Kee (SGX:5ML), the current 3-Year ROIIC % is 135.72 as of Mar. 2026. 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 Old Chang Kee (SGX:5ML) Overvalued in 2026?
Based on GuruFocus' analysis, Old Chang Kee stock appears to be overvalued.
The current stock price of S$1.19 is trading 48.8% above its estimated GF Value™ of S$0.80.
GuruFocus considers Old Chang Kee to be Significantly Overvalued.
Key valuation signals for SGX:5ML:
3-Year ROIIC %: 135.72
GF Value™: S$0.80 vs. price of S$1.19 (48.8% above fair value)
Industry Position: 3723.1% above the Restaurants median (#23 of 335)
No single metric tells the full story. See the SGX:5ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and a majority of its revenue is derived from Singapore. The company is engaged in the manufacture and sale of food products under brands such as Old Chang Kee, the Curry Times, and Dip n Go.
46GF Score
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