Southern Acids (M) BhdXKLS:5134 69 Return-on-Tangible-Equity is 12.18% as of Mar. 2026, which is 140% above its 10-year median of 5.07. GuruFocus rates XKLS:5134 with a GF Score™ of 69/100 and a GF Value™ of RM2.89 (Fairly Valued). The stock has 4 warning signs investors should review. Among 551 Conglomerates companies, Southern Acids (M) Bhd ranks worse than 61.34% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Southern Acids (M) Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM94.2 Mil. Southern Acids (M) Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM773.5 Mil. Therefore, Southern Acids (M) Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.18%.
The historical rank and industry rank for Southern Acids (M) Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:5134'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.78 Med: 5.07 Max: 13.83
Current: 4.82
During the past 13 years, Southern Acids (M) Bhd's highest Return-on-Tangible-Equity was 13.83%. The lowest was 1.78%. And the median was 5.07%.
XKLS:5134's Return-on-Tangible-Equity is ranked worse than 61.34% of 551
companies
in the Conglomerates industry
Industry Median: 7.48
vs XKLS:5134: 4.82
Southern Acids (M) Bhd (XKLS:5134) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Southern Acids (M) Bhd Return-on-Tangible-Equity Related Terms
Southern Acids (M) Bhd Return-on-Tangible-Equity Historical Data
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The historical data trend for Southern Acids (M) Bhd's Return-on-Tangible-Equity 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.
Southern Acids (M) Bhd Return-on-Tangible-Equity Chart
XKLS:5134 vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Southern Acids (M) Bhd's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Southern Acids (M) Bhd Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Southern Acids (M) Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Southern Acids (M) Bhd's Return-on-Tangible-Equity falls into.
* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.18% mean?
Southern Acids (M) Bhd (XKLS:5134) has a Return-on-Tangible-Equity of 12.18% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Southern Acids (M) Bhd and its competitors. This is 140% above median its historical median of 5.07. Over the past decade, Southern Acids (M) Bhd's Return-on-Tangible-Equity has ranged from 1.78 to 13.83. According to the industry distribution chart, Southern Acids (M) Bhd ranks #338 out of 551 companies in the Conglomerates industry, placing it in the top 61.3%.
Is Southern Acids (M) Bhd's Return-on-Tangible-Equity too high?
Southern Acids (M) Bhd's current Return-on-Tangible-Equity of 12.18% is 140% above median its 10-year median of 5.07. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 13.83. The Conglomerates industry median Return-on-Tangible-Equity is 7.48. Southern Acids (M) Bhd's value of 12.18% is 62.8% above this industry median. Based on the distribution chart, Southern Acids (M) Bhd ranks #338 out of 551 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Southern Acids (M) Bhd has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Southern Acids (M) Bhd's Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, Southern Acids (M) Bhd ranks #338 out of 551 companies for Return-on-Tangible-Equity. This places Southern Acids (M) Bhd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.48. Southern Acids (M) Bhd's value of 12.18% is 62.8% above this benchmark. Historically, Southern Acids (M) Bhd's own Return-on-Tangible-Equity has ranged from 1.78 to 13.83 over the past decade. While the company's 10-year median is 5.07 vs. the industry median of 7.48, Southern Acids (M) Bhd 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-Equity for a Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.48, based on 551 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southern Acids (M) Bhd's current Return-on-Tangible-Equity of 12.18% is 62.8% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Southern Acids (M) Bhd and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Acids (M) Bhd's current Return-on-Tangible-Equity is 12.18%, which is 140% above median its own 10-year median of 5.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Acids (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Southern Acids (M) Bhd (XKLS:5134) is currently considered Fairly Valued. The stock's GF Value™ is RM2.89, compared to a current price of RM3.10 — trading 7.3% above its estimated fair value. The current Return-on-Tangible-Equity is 12.18%, which is 140% above median its 10-year median of 5.07 and 62.8% above the Conglomerates industry median of 7.48. Southern Acids (M) Bhd's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Southern Acids (M) Bhd (XKLS:5134), the current Return-on-Tangible-Equity is 12.18% as of Mar. 2026. 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 Southern Acids (M) Bhd (XKLS:5134) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Acids (M) Bhd stock appears to be overvalued.
The current stock price of RM3.10 is trading 7.3% above its estimated GF Value™ of RM2.89.
GuruFocus considers Southern Acids (M) Bhd to be Fairly Valued.
Key valuation signals for XKLS:5134:
Return-on-Tangible-Equity: 12.18% (140% above median its 10-year median of 5.07)
GF Value™: RM2.89 vs. price of RM3.10 (7.3% above fair value)
Industry Position: 62.8% above the Conglomerates median (#338 of 551)
No single metric tells the full story. See the XKLS:5134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Acids (M) Bhd is an investment holding and the provision of a management service company. The company's operating segment includes Oleochemical; Healthcare; Milling and Cultivation and Investments and services. It generates maximum revenue from the Milling and Cultivation segment. The Oleochemical Segment is involved in the manufacturing and marketing of fatty acids and glycerine. Its Milling and Cultivation Segment is principally engaged in the processing of Fresh Fruit Bunches. Geographically, it has a presence in Malaysia, Indonesia, Europe, America, and Other Countries.
69GF Score
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