Morimatsu International Holdings Co (HKSE:02155) Return-on-Tangible-Asset: 5.44% (As of Dec. 2025) — 35% Below Median

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.

HKSE:02155 Morimatsu International Holdings Co Ltd HKSE:02155
90 GF Score
Price HK$7.09
GF Value HK$6.33
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Morimatsu International Holdings Co Return-on-Tangible-Asset?

Morimatsu International Holdings Co HKSE:02155 +1.21% 90 Return-on-Tangible-Asset is 5.44% as of Dec. 2025, which is 35% below its 10-year median of 8.37. GuruFocus rates HKSE:02155 with a GF Score™ of 90/100 and a GF Value™ of HK$6.33 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 3,093 Industrial Products companies, Morimatsu International Holdings Co ranks worse than 66.47% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Morimatsu International Holdings Co's annualized Net Income for the quarter that ended in Dec. 2025 was HK$579 Mil. Morimatsu International Holdings Co's average total tangible assets for the quarter that ended in Dec. 2025 was HK$10,632 Mil. Therefore, Morimatsu International Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 5.44%.

The historical rank and industry rank for Morimatsu International Holdings Co's Return-on-Tangible-Asset or its related term are showing as below:

HKSE:02155' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.27   Med: 8.37   Max: 10.15
Current: 1.11

During the past 9 years, Morimatsu International Holdings Co's highest Return-on-Tangible-Asset was 10.15%. The lowest was 0.27%. And the median was 8.37%.

HKSE:02155's Return-on-Tangible-Asset is ranked worse than
66.47% of 3093 companies
in the Industrial Products industry
Industry Median: 3.35 vs HKSE:02155: 1.11

Morimatsu International Holdings Co  (HKSE:02155) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Morimatsu International Holdings Co Return-on-Tangible-Asset Related Terms


Morimatsu International Holdings Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Morimatsu International Holdings Co's Return-on-Tangible-Asset 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.

Morimatsu International Holdings Co Return-on-Tangible-Asset Chart

Morimatsu International Holdings Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only 9.12 9.66 10.15 8.37 6.61

Morimatsu International Holdings Co Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Return-on-Tangible-Asset 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 8.59 8.31 7.47 5.44 -2.90

HKSE:02155 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison

For the Specialty Industrial Machinery subindustry, Morimatsu International Holdings Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Morimatsu International Holdings Co Return-on-Tangible-Asset vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morimatsu International Holdings Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Morimatsu International Holdings Co's Return-on-Tangible-Asset falls into.


HKSE:02155
90GF Score
Morimatsu International Holdings Co Ltd HKSE:02155
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morimatsu International Holdings Co Return-on-Tangible-Asset Calculation

Morimatsu International Holdings Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=662.385/( (9268.371+10761.092)/ 2 )
=662.385/10014.7315
=6.61 %

Morimatsu International Holdings Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=578.544/( (10502.379+10761.092)/ 2 )
=578.544/10631.7355
=5.44 %

* 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 annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.

What does a Return-on-Tangible-Asset of 5.44% mean?
Morimatsu International Holdings Co (HKSE:02155) has a Return-on-Tangible-Asset of 5.44% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Morimatsu International Holdings Co and its competitors. This is 35% below median its historical median of 8.37. Over the past decade, Morimatsu International Holdings Co's Return-on-Tangible-Asset has ranged from 0.27 to 10.15. According to the industry distribution chart, Morimatsu International Holdings Co ranks #2056 out of 3093 companies in the Industrial Products industry, placing it in the top 66.5%.
Is Morimatsu International Holdings Co's Return-on-Tangible-Asset too high?
Morimatsu International Holdings Co's current Return-on-Tangible-Asset of 5.44% is 35% below median its 10-year median of 8.37. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 10.15. The Industrial Products industry median Return-on-Tangible-Asset is 3.35. Morimatsu International Holdings Co's value of 5.44% is 62.4% above this industry median. Based on the distribution chart, Morimatsu International Holdings Co ranks #2056 out of 3093 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Morimatsu International Holdings Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morimatsu International Holdings Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Morimatsu International Holdings Co ranks #2056 out of 3093 companies for Return-on-Tangible-Asset. This places Morimatsu International Holdings Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.35. Morimatsu International Holdings Co's value of 5.44% is 62.4% above this benchmark. Historically, Morimatsu International Holdings Co's own Return-on-Tangible-Asset has ranged from 0.27 to 10.15 over the past decade. While the company's 10-year median is 8.37 vs. the industry median of 3.35, Morimatsu International Holdings Co 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 Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.35, based on 3,093 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morimatsu International Holdings Co's current Return-on-Tangible-Asset of 5.44% is 62.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Morimatsu International Holdings Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morimatsu International Holdings Co's current Return-on-Tangible-Asset is 5.44%, which is 35% below median its own 10-year median of 8.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morimatsu International Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Morimatsu International Holdings Co (HKSE:02155) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$6.33, compared to a current price of HK$7.09 — trading 11.9% above its estimated fair value. The current Return-on-Tangible-Asset is 5.44%, which is 35% below median its 10-year median of 8.37 and 62.4% above the Industrial Products industry median of 3.35. Morimatsu International Holdings Co's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Morimatsu International Holdings Co (HKSE:02155), the current Return-on-Tangible-Asset is 5.44% 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 Morimatsu International Holdings Co (HKSE:02155) Overvalued in 2026?

Based on GuruFocus' analysis, Morimatsu International Holdings Co stock appears to be overvalued. The current stock price of HK$7.09 is trading 11.9% above its estimated GF Value™ of HK$6.33. GuruFocus considers Morimatsu International Holdings Co to be Modestly Overvalued.

Key valuation signals for HKSE:02155:

  • Return-on-Tangible-Asset: 5.44% (35% below median its 10-year median of 8.37)
  • GF Value™: HK$6.33 vs. price of HK$7.09 (11.9% above fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 62.4% above the Industrial Products median (#2056 of 3093)

No single metric tells the full story. See the HKSE:02155 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morimatsu International Holdings Co Business Description

Address No. 88 South Shendi Road, 6 Floor, Pudong New District, Shanghai, CHN
Morimatsu International Holdings Co Ltd Groups principal activities are the design, manufacture, installation and operation and maintenance of core equipment, process system (such as process module) and total solutions mainly for chemical reactions, biological reactions and polymerization. The Group currently provides services to downstream industries/fields, including oil and gas refinery, family care, new chemical materials, pharmaceuticals, raw materials for power batteries and electronic chemicals, etc. The Group has determined that it only has one operating segment. The company has presence in Mainland China, North America, Asia (excluding mainland China), Europe, and Africa. The company generates majority of revenue from Asia.
90GF Score

Get the complete analysis for HKSE:02155

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$7.09
Price
HK$6.33
GF Value