First Capital SpA (MIL:FIC) 3-Year RORE % : 87.95% (As of Dec. 2025)


MIL:FIC First Capital SpA MIL:FIC
44 GF Score
Price €18.05
GF Value €66.94
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is First Capital SpA 3-Year RORE %?

First Capital SpA MIL:FIC +2.85% 44 3-Year RORE % is 87.95 as of Dec. 2025. GuruFocus rates MIL:FIC with a GF Score™ of 44/100 and a GF Value™ of €66.94 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 764 Capital Markets companies, First Capital SpA ranks better than 85.99% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. First Capital SpA's 3-Year RORE % for the quarter that ended in Dec. 2025 was 87.95%.

The industry rank for First Capital SpA's 3-Year RORE % or its related term are showing as below:

MIL:FIC's 3-Year RORE % is ranked better than
85.99% of 764 companies
in the Capital Markets industry
Industry Median: 15.015 vs MIL:FIC: 87.95

First Capital SpA  (MIL:FIC) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


First Capital SpA 3-Year RORE % Related Terms


First Capital SpA 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for First Capital SpA's 3-Year RORE % 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.

First Capital SpA 3-Year RORE % Chart

First Capital SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.10 -67.25 -133.37 -83.30 87.95

First Capital SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
3-Year RORE % 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 -133.37 -49.31 -83.30 188.61 87.95

MIL:FIC vs MS, GS, SCHW: 3-Year RORE % Comparison

For the Capital Markets subindustry, First Capital SpA's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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 Capital SpA 3-Year RORE % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Capital SpA's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where First Capital SpA's 3-Year RORE % falls into.


MIL:FIC
44GF Score
First Capital SpA MIL:FIC
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Capital SpA 3-Year RORE % Calculation

First Capital SpA's 3-Year RORE % for the quarter that ended in Dec. 2025 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 4.524-0.875 )/( 5.178-1.029 )
=3.649/4.149
=87.95 %

* 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.

In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2025 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 87.95 mean?
First Capital SpA (MIL:FIC) has a 3-Year RORE % of 87.95 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on First Capital SpA and its competitors. According to the industry distribution chart, First Capital SpA ranks #107 out of 764 companies in the Capital Markets industry, placing it in the top 14%.
Is First Capital SpA's 3-Year RORE % too high?
First Capital SpA's current 3-Year RORE % is 87.95. The Capital Markets industry median 3-Year RORE % is 15.02. First Capital SpA's value of 87.95 is 485.7% above this industry median. Based on the distribution chart, First Capital SpA ranks #107 out of 764 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, First Capital SpA has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Capital SpA's 3-Year RORE % compare to MS and GS?
According to the Capital Markets industry distribution chart, First Capital SpA ranks #107 out of 764 companies for 3-Year RORE %. This places First Capital SpA in the top 14% of its industry — outperforming the majority of peers. The industry median 3-Year RORE % is 15.02. First Capital SpA's value of 87.95 is 485.7% 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 RORE % for a Capital Markets company?
The median 3-Year RORE % among Capital Markets companies is 15.02, based on 764 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Capital SpA's current 3-Year RORE % of 87.95 is 485.7% 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 RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on First Capital SpA and its competitors. For the Capital Markets industry, the median 3-Year RORE % is 15.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Capital SpA's current 3-Year RORE % is 87.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Capital SpA stock overvalued right now?
Based on GuruFocus' analysis, First Capital SpA (MIL:FIC) is currently considered Possible Value Trap. The stock's GF Value™ is €66.94, compared to a current price of €18.05 — trading 73% below its estimated fair value. The current 3-Year RORE % is 87.95 and 485.7% above the Capital Markets industry median of 15.02. First Capital SpA's overall GF Score™ is 44/100 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 RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For First Capital SpA (MIL:FIC), the current 3-Year RORE % is 87.95 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 Capital SpA (MIL:FIC) Overvalued in 2026?

Based on GuruFocus' analysis, First Capital SpA stock appears to be undervalued. The current stock price of €18.05 is trading 73% below its estimated GF Value™ of €66.94. GuruFocus considers First Capital SpA to be Possible Value Trap.

Key valuation signals for MIL:FIC:

  • 3-Year RORE %: 87.95
  • GF Value™: €66.94 vs. price of €18.05 (73% below fair value)
  • GF Score™: 44/100 with 3 warning signs
  • Industry Position: 485.7% above the Capital Markets median (#107 of 764)

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


First Capital SpA Business Description

Address Viale Luigi Majno, 17/A, Milan, ITA, 20122
First Capital SpA is an investment holding company specialising in Public Equity and Private Equity Investments, focused on Small-Medium Enterprises, with an active approach to managing investee companies. It seeks investment opportunities among companies in niche markets with skilled management teams and with sustainable development plans. The company is a long-term investor which contributes to an increase of its target companies' value over time, supporting entrepreneurs for the creation of successful strategies, also through the appointment of its candidates in the administrative and supervisory bodies.
44GF Score

Get the complete analysis for MIL:FIC

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

€18.05
Price
€66.94
GF Value