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First Shanghai InvestmentsSTU:FSI 34 3-Year ROIIC % is 16.94 as of Dec. 2025, which is 153% above its 10-year median of 6.69. GuruFocus rates STU:FSI with a GF Score™ of 34/100 and a GF Value™ of €0.02. The stock has 5 warning signs investors should review. Among 657 Capital Markets companies, First Shanghai Investments ranks better than 74.58% 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.
First Shanghai Investments's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 16.94%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for First Shanghai Investments's 3-Year ROIIC % or its related term are showing as below:
STU:FSI's 3-Year ROIIC % is ranked better than 74.58% of 657
companies
in the Capital Markets industry
Industry Median: 2.17
vs STU:FSI: 16.94
First Shanghai Investments (STU:FSI) 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.
First Shanghai Investments 3-Year ROIIC % Related Terms
First Shanghai Investments 3-Year ROIIC % Historical Data
* 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.
STU:FSI vs MS, GS, SCHW: 3-Year ROIIC % Comparison
For the Capital Markets subindustry, First Shanghai Investments'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.
First Shanghai Investments 3-Year ROIIC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, First Shanghai Investments's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where First Shanghai Investments's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -5.033 (Dec. 2025) - -7.4540286 (Dec. 2022) )
/
( 304.249 (Dec. 2025) - 324.941 (Dec. 2022) )
=
2.4210286
/
-20.692
=
-11.70%***
* 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.
First Shanghai Investments (STU:FSI) has a 3-Year ROIIC % of 16.94 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 First Shanghai Investments and its competitors. This is 153% above median its historical median of 6.69. According to the industry distribution chart, First Shanghai Investments ranks #167 out of 657 companies in the Capital Markets industry, placing it in the top 25.4%.
Is First Shanghai Investments' 3-Year ROIIC % too high?
First Shanghai Investments' current 3-Year ROIIC % of 16.94 is 153% above median its 10-year median of 6.69. The Capital Markets industry median 3-Year ROIIC % is 2.17. First Shanghai Investments' value of 16.94 is 680.6% above this industry median. Based on the distribution chart, First Shanghai Investments ranks #167 out of 657 companies in the Capital Markets industry, which is above the industry midpoint. Overall, First Shanghai Investments has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does First Shanghai Investments' 3-Year ROIIC % compare to MS and GS?
According to the Capital Markets industry distribution chart, First Shanghai Investments ranks #167 out of 657 companies for 3-Year ROIIC %. This puts First Shanghai Investments in the upper half of its industry. The industry median 3-Year ROIIC % is 2.17. First Shanghai Investments' value of 16.94 is 680.6% above this benchmark. While the company's 10-year median is 6.69 vs. the industry median of 2.17, First Shanghai Investments 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 Capital Markets company?
The median 3-Year ROIIC % among Capital Markets companies is 2.17, based on 657 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. First Shanghai Investments's current 3-Year ROIIC % of 16.94 is 680.6% 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 First Shanghai Investments and its competitors. For the Capital Markets industry, the median 3-Year ROIIC % is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Shanghai Investments's current 3-Year ROIIC % is 16.94, which is 153% above median its own 10-year median of 6.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Shanghai Investments stock overvalued right now?
First Shanghai Investments (STU:FSI) has a current 3-Year ROIIC % of 16.94. The stock's GF Value™ is €0.02, compared to a current price of €0.02 — trading 17.5% above its estimated fair value. The current 3-Year ROIIC % is 16.94, which is 153% above median its 10-year median of 6.69 and 680.6% above the Capital Markets industry median of 2.17. First Shanghai Investments' overall GF Score™ is 34/100 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 First Shanghai Investments (STU:FSI), the current 3-Year ROIIC % is 16.94 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 First Shanghai Investments (STU:FSI) Overvalued in 2026?
Based on GuruFocus' analysis, First Shanghai Investments stock appears to be overvalued.
The current stock price of €0.02 is trading 17.5% above its estimated GF Value™ of €0.02.
Key valuation signals for STU:FSI:
3-Year ROIIC %: 16.94 (153% above median its 10-year median of 6.69)
GF Value™: €0.02 vs. price of €0.02 (17.5% above fair value)
Industry Position: 680.6% above the Capital Markets median (#167 of 657)
No single metric tells the full story. See the STU:FSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Shanghai Investments Ltd is a financial conglomerate providing stock brokerage, asset management, and corporate finance. The company operates its business in four segments: Financial Services, Property Development, Property Investment and Hotel, and Other businesses, of which the majority of its revenues are derived from Financial Services. The Financial Services Sector provides a full range of financial services, including securities investment, securities broking, margin financing, corporate finance, underwriting and placements, and asset management. Geographically, it generates maximum revenue from Hong Kong.
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