ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Penguin International's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 11.37%.
As of today (2026-06-30), Penguin International's WACC % is 4.86%. Penguin International's ROC % is 6.70% (calculated using TTM income statement data).
Penguin International generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Penguin International (SGX:BTM) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Penguin International's WACC % is 4.86%. Penguin International's ROC % is 6.70% (calculated using TTM income statement data).
Penguin International generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.
* 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.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Penguin International (SGX:BTM) has a ROC % of 11.37% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Penguin International and its competitors.
Is Penguin International's ROC % too high?
Penguin International's current ROC % is 11.37%. The Aerospace & Defense industry median ROC % is 4.45. Penguin International's value of 11.37% is 155.5% above this industry median. Overall, Penguin International has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Penguin International's ROC % compare to SPCX and GE?
Penguin International's ROC % of 11.37% can be compared against companies in the Aerospace & Defense industry. The industry median ROC % is 4.45. Penguin International's value of 11.37% is 155.5% 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 ROC % for an Aerospace & Defense company?
The median ROC % among Aerospace & Defense companies is 4.45, based on 351 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Penguin International's current ROC % of 11.37% is 155.5% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Penguin International and its competitors. For the Aerospace & Defense industry, the median ROC % is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Penguin International's current ROC % is 11.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Penguin International stock overvalued right now?
Based on GuruFocus' analysis, Penguin International (SGX:BTM) is currently considered Fairly Valued. The stock's GF Value™ is S$1.44, compared to a current price of S$1.49 — trading 3.5% above its estimated fair value. The current ROC % is 11.37% and 155.5% above the Aerospace & Defense industry median of 4.45. Penguin International's overall GF Score™ is 89/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Penguin International (SGX:BTM), the current ROC % is 11.37% 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 Penguin International (SGX:BTM) Overvalued in 2026?
Based on GuruFocus' analysis, Penguin International stock appears to be overvalued.
The current stock price of S$1.49 is trading 3.5% above its estimated GF Value™ of S$1.44.
GuruFocus considers Penguin International to be Fairly Valued.
Key valuation signals for SGX:BTM:
ROC %: 11.37%
GF Value™: S$1.44 vs. price of S$1.49 (3.5% above fair value)
Industry Position: 155.5% above the Aerospace & Defense median
No single metric tells the full story. See the SGX:BTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Penguin International Ltd is a marine and offshore services company. Its services include shipyard services and offshore charters. The company's segments include the chartering segment, which provides chartering of vessels; and the shipbuilding and ship repairs and maintenance segment, which acts as a builder of high speed aluminum commercial vessels and contractor for ship repairs and maintenance services. Its principal activity is to act as (i) owners and operators of passenger ferries, (ii) designers and builders of search-and-rescue vessels, and (iii) investment holding. Its subsidiaries own and operate crew boats, fast supply intervention vessels, passenger ferries, as well as shipyards.
89GF Score
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