Sino Horizon Holdings (TPE:2923) 3-Year ROIIC % : -205.21% (As of Dec. 2025)

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TPE:2923 Sino Horizon Holdings Ltd TPE:2923
55 GF Score
Price NT$30.20
GF Value NT$15.01
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Sino Horizon Holdings 3-Year ROIIC %?

Sino Horizon Holdings TPE:2923 -6.50% 55 3-Year ROIIC % is -205.21 as of Dec. 2025. GuruFocus rates TPE:2923 with a GF Score™ of 55/100 and a GF Value™ of NT$15.01 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,661 Real Estate companies, Sino Horizon Holdings ranks worse than 97.77% 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. Sino Horizon Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -205.21%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Sino Horizon Holdings's 3-Year ROIIC % or its related term are showing as below:

TPE:2923's 3-Year ROIIC % is ranked worse than
97.77% of 1661 companies
in the Real Estate industry
Industry Median: 2.41 vs TPE:2923: -205.21

Sino Horizon Holdings  (TPE:2923) 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.


Sino Horizon Holdings 3-Year ROIIC % Related Terms


Sino Horizon Holdings 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Sino Horizon Holdings'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.

Sino Horizon Holdings 3-Year ROIIC % Chart

Sino Horizon Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.45 0.00 256.38 -1.42 -205.21

Sino Horizon Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.42 0.00 0.00 0.00 -205.21

Sino Horizon Holdings 3-Year ROIIC % Competitor Comparison

For the Real Estate - Development subindustry, Sino Horizon Holdings'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.


Sino Horizon Holdings 3-Year ROIIC % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Sino Horizon Holdings's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Sino Horizon Holdings's 3-Year ROIIC % falls into.


TPE:2923
55GF Score
Sino Horizon Holdings Ltd TPE:2923
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sino Horizon Holdings 3-Year ROIIC % Calculation

Sino Horizon Holdings'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**
=( -5500.912 (Dec. 2025) - 744.1160874 (Dec. 2022) )/( 93667.346 (Dec. 2025) - 90624.052 (Dec. 2022) )
=-6245.0280874/3043.294
=-205.21%***

* 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.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -205.21 mean?
Sino Horizon Holdings (TPE:2923) has a 3-Year ROIIC % of -205.21 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 Sino Horizon Holdings and its competitors. According to the industry distribution chart, Sino Horizon Holdings ranks #1624 out of 1661 companies in the Real Estate industry, placing it in the top 97.8%.
Is Sino Horizon Holdings' 3-Year ROIIC % too high?
Sino Horizon Holdings' current 3-Year ROIIC % is -205.21. Based on the distribution chart, Sino Horizon Holdings ranks #1624 out of 1661 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sino Horizon Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sino Horizon Holdings' 3-Year ROIIC % compare to competitors?
According to the Real Estate industry distribution chart, Sino Horizon Holdings ranks #1624 out of 1661 companies for 3-Year ROIIC %. This places Sino Horizon Holdings in the lower half of its industry. The industry median 3-Year ROIIC % is 2.41. 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 Real Estate company?
The median 3-Year ROIIC % among Real Estate companies is 2.41, based on 1,661 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 Sino Horizon Holdings and its competitors. For the Real Estate industry, the median 3-Year ROIIC % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Horizon Holdings's current 3-Year ROIIC % is -205.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Horizon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sino Horizon Holdings (TPE:2923) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.01, compared to a current price of NT$30.20 — trading 101.2% above its estimated fair value. The current 3-Year ROIIC % is -205.21. Sino Horizon Holdings' overall GF Score™ is 55/100 with 8 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 Sino Horizon Holdings (TPE:2923), the current 3-Year ROIIC % is -205.21 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 Sino Horizon Holdings (TPE:2923) Overvalued in 2026?

Based on GuruFocus' analysis, Sino Horizon Holdings stock appears to be overvalued. The current stock price of NT$30.20 is trading 101.2% above its estimated GF Value™ of NT$15.01. GuruFocus considers Sino Horizon Holdings to be Significantly Overvalued.

Key valuation signals for TPE:2923:

  • 3-Year ROIIC %: -205.21
  • GF Value™: NT$15.01 vs. price of NT$30.20 (101.2% above fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the TPE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sino Horizon Holdings Business Description

Address Ruijin 2 road, No.450, Huangpu District, Shanghai, CHN
Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, leases, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China and Taiwan.
55GF Score

Get the complete analysis for TPE:2923

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$30.20
Price
NT$15.01
GF Value