Dunav Re a.d (XBEL:DNREM) 3-Year ROIIC % : -40.89% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBEL:DNREM Dunav Re a.d XBEL:DNREM
13 GF Score
Price RSD10,800.00
! 3 Warning Signs
View Full Analysis

What is Dunav Re a.d 3-Year ROIIC %?

Dunav Re a.d XBEL:DNREM 13 3-Year ROIIC % is -40.89 as of Dec. 2025. GuruFocus rates XBEL:DNREM with a GF Score™ of 13/100. The stock has 3 warning signs investors should review.

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. Dunav Re a.d's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -40.89%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Dunav Re a.d's 3-Year ROIIC % or its related term are showing as below:

XBEL:DNREM's 3-Year ROIIC % is not ranked
in the Insurance industry.
Industry Median: 5.35 vs XBEL:DNREM: -40.89

Dunav Re a.d  (XBEL:DNREM) 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.


Dunav Re a.d 3-Year ROIIC % Related Terms


Dunav Re a.d 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Dunav Re a.d'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.

Dunav Re a.d 3-Year ROIIC % Chart

Dunav Re a.d 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 3.07 5.71 -39.95 -111.56 -40.89

Dunav Re a.d Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 -39.95 0.00 -111.56 0.00 -40.89

XBEL:DNREM vs EG, RGA, RNR: 3-Year ROIIC % Comparison

For the Insurance - Reinsurance subindustry, Dunav Re a.d'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.


Dunav Re a.d 3-Year ROIIC % vs Insurance Industry

For the Insurance industry and Financial Services sector, Dunav Re a.d's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Dunav Re a.d's 3-Year ROIIC % falls into.


XBEL:DNREM
13GF Score
Dunav Re a.d XBEL:DNREM
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dunav Re a.d 3-Year ROIIC % Calculation

Dunav Re a.d'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**
=( 1029.2842176 (Dec. 2025) - 496.3288176 (Dec. 2022) )/( 9441.72825 (Dec. 2025) - 10745.2456 (Dec. 2022) )
=532.9554/-1303.51735
=-40.89%***

* 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 -40.89 mean?
Dunav Re a.d (XBEL:DNREM) has a 3-Year ROIIC % of -40.89 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 Dunav Re a.d and its competitors.
Is Dunav Re a.d's 3-Year ROIIC % too high?
Dunav Re a.d's current 3-Year ROIIC % is -40.89. Overall, Dunav Re a.d has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Dunav Re a.d's 3-Year ROIIC % compare to EG and RGA?
Dunav Re a.d's 3-Year ROIIC % of -40.89 can be compared against companies in the Insurance industry. The industry median 3-Year ROIIC % is 5.35. 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 an Insurance company?
The median 3-Year ROIIC % among Insurance companies is 5.35, based on 333 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 Dunav Re a.d and its competitors. For the Insurance industry, the median 3-Year ROIIC % is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dunav Re a.d's current 3-Year ROIIC % is -40.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dunav Re a.d stock overvalued right now?
Dunav Re a.d (XBEL:DNREM) has a current 3-Year ROIIC % of -40.89. The current 3-Year ROIIC % is -40.89. Dunav Re a.d's overall GF Score™ is 13/100 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 Dunav Re a.d (XBEL:DNREM), the current 3-Year ROIIC % is -40.89 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.

Dunav Re a.d Business Description

Address Bulevar kralja Aleksandra 18, 1st floor, Beograd, SRB, 11000
Dunav Re a.d is a joint-stock reinsurance company. It provides reinsurance protection. It operates in countries such as Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, Albania, Turkish part of Cyprus, Germany, Russia, Bulgaria, North Africa (Morocco, Algeria), Asia-Emirates.
13GF Score

Get the complete analysis for XBEL:DNREM

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

RSD10,800.00
Price