AF Global (SGX:L38) ROCE %: 4.16% (As of Jun. 2025)

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SGX:L38 AF Global Ltd SGX:L38
33 GF Score
Price S$0.11
GF Value S$0.13
! 6 Warning Signs
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What is AF Global ROCE %?

AF Global SGX:L38 33 ROCE % is 4.16% as of Jun. 2025. GuruFocus rates SGX:L38 with a GF Score™ of 33/100 and a GF Value™ of S$0.13. The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. AF Global's annualized ROCE % for the quarter that ended in Jun. 2025 was 4.16%.

AF Global  (SGX:L38) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

AF Global ROCE % Related Terms

AF Global ROCE % Historical Data

* Premium members only.

The historical data trend for AF Global's ROCE % 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.

AF Global ROCE % Chart

AF Global Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.15 -2.35 0.09 2.19 0.45

AF Global Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
ROCE % 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 2.20 2.19 0.54 0.34 4.16
SGX:L38
33GF Score
AF Global Ltd SGX:L38
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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AF Global ROCE % Calculation

AF Global's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=1.232/( ( (317.42 - 21.495) + (262.663 - 15.608) )/ 2 )
=1.232/( (295.925+247.055)/ 2 )
=1.232/271.49
=0.45 %

AF Global's ROCE % of for the quarter that ended in Jun. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2025 )  (Q: Dec. 2024 )(Q: Jun. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2025 )  (Q: Dec. 2024 )(Q: Jun. 2025 )
=10.186/( ( (262.663 - 15.608) + (254.508 - 12.003) )/ 2 )
=10.186/( ( 247.055 + 242.505 )/ 2 )
=10.186/244.78
=4.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2025) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 4.16% mean?
AF Global (SGX:L38) has a ROCE % of 4.16% as of Jun. 2025.
Is AF Global's ROCE % too high?
AF Global's current ROCE % is 4.16%. The Travel & Leisure industry median ROCE % is 6.08. AF Global's value of 4.16% is 31.5% below this industry median. Overall, AF Global has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does AF Global's ROCE % compare to MAR and HLT?
AF Global's ROCE % of 4.16% can be compared against companies in the Travel & Leisure industry. The industry median ROCE % is 6.08. AF Global's value of 4.16% is 31.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Travel & Leisure company?
The median ROCE % among Travel & Leisure companies is 6.08, based on 836 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AF Global's current ROCE % of 4.16% is 31.5% below 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Travel & Leisure industry, the median ROCE % is 6.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AF Global's current ROCE % is 4.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AF Global stock overvalued right now?
AF Global (SGX:L38) has a current ROCE % of 4.16%. The stock's GF Value™ is S$0.13, compared to a current price of S$0.11 — trading 16.2% below its estimated fair value. The current ROCE % is 4.16% and 31.5% below the Travel & Leisure industry median of 6.08. AF Global's overall GF Score™ is 33/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For AF Global (SGX:L38), the current ROCE % is 4.16% as of Jun. 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 AF Global (SGX:L38) Overvalued in 2026?

Based on GuruFocus' analysis, AF Global stock appears to be undervalued. The current stock price of S$0.11 is trading 16.2% below its estimated GF Value™ of S$0.13.

Key valuation signals for SGX:L38:

  • ROCE %: 4.16%
  • GF Value™: S$0.13 vs. price of S$0.11 (16.2% below fair value)
  • GF Score™: 33/100 with 6 warning signs
  • Industry Position: 31.5% below the Travel & Leisure median

No single metric tells the full story. See the SGX:L38 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AF Global Business Description

Address 55 Ubi Avenue 3 No. 04-01, Aspial One, Singapore, SGP, 408864
AF Global Ltd focuses on hospitality and investment holdings divisions. The activity of the firm is operated by The property segment, The hotel and serviced residence segment, and The others segment. The Property segment relates to project and property management, real estate consultancy services, investment in properties and development of properties for sale. The Hotel and serviced Residence segment owns and operates hotels and serviced residences. The Others segment relates mainly to investment holding activities.
33GF Score

Get the complete analysis for SGX:L38

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

S$0.11
Price
S$0.13
GF Value