Megachem (Thailand) PCL (BKK:MGT) ROE %: 20.14% (As of Jun. 2026) — 35% Above 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.

BKK:MGT Megachem (Thailand) PCL BKK:MGT
88 GF Score
Price ฿2.30
GF Value ฿2.16
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Megachem (Thailand) PCL ROE %?

Megachem (Thailand) PCL BKK:MGT 88 ROE % is 20.14% as of Jun. 2026, which is 35% above its 10-year median of 14.94. GuruFocus rates BKK:MGT with a GF Score™ of 88/100 and a GF Value™ of ฿2.16 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,588 Chemicals companies, Megachem (Thailand) PCL ranks better than 87.28% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Megachem (Thailand) PCL's annualized net income for the quarter that ended in Jun. 2026 was ฿148 Mil. Megachem (Thailand) PCL's average Total Stockholders Equity over the quarter that ended in Jun. 2026 was ฿733 Mil. Therefore, Megachem (Thailand) PCL's annualized ROE % for the quarter that ended in Jun. 2026 was 20.14%.

The historical rank and industry rank for Megachem (Thailand) PCL's ROE % or its related term are showing as below:

BKK:MGT' s ROE % Range Over the Past 10 Years
Min: 13.04   Med: 14.94   Max: 22.69
Current: 16.92

During the past 12 years, Megachem (Thailand) PCL's highest ROE % was 22.69%. The lowest was 13.04%. And the median was 14.94%.

BKK:MGT's ROE % is ranked better than
87.28% of 1588 companies
in the Chemicals industry
Industry Median: 5.8 vs BKK:MGT: 16.92

Megachem (Thailand) PCL  (BKK:MGT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=147.552/732.7885
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(147.552 / 1386.08)*(1386.08 / 1273.386)*(1273.386 / 732.7885)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.65 %*1.0885*1.7377
=ROA %*Equity Multiplier
=11.59 %*1.7377
=20.14 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2026 )
=Net Income/Total Stockholders Equity
=147.552/732.7885
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (147.552 / 222.972) * (222.972 / 220.44) * (220.44 / 1386.08) * (1386.08 / 1273.386) * (1273.386 / 732.7885)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6618 * 1.0115 * 15.9 % * 1.0885 * 1.7377
=20.14 %

Note: The net income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Megachem (Thailand) PCL ROE % Related Terms


Megachem (Thailand) PCL ROE % Historical Data

* Premium members only.

The historical data trend for Megachem (Thailand) PCL's ROE % 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.

Megachem (Thailand) PCL ROE % Chart

Megachem (Thailand) PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.72 14.90 14.15 14.47 14.87

Megachem (Thailand) PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROE % 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 13.97 12.46 17.54 17.18 20.14

BKK:MGT vs LIN, SHW, ECL: ROE % Comparison

For the Specialty Chemicals subindustry, Megachem (Thailand) PCL's ROE %, along with its competitors' market caps and ROE % 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.


Megachem (Thailand) PCL ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Megachem (Thailand) PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Megachem (Thailand) PCL's ROE % falls into.


BKK:MGT
88GF Score
Megachem (Thailand) PCL BKK:MGT
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Megachem (Thailand) PCL ROE % Calculation

Megachem (Thailand) PCL's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=100.243/( (653.493+694.869)/ 2 )
=100.243/674.181
=14.87 %

Megachem (Thailand) PCL's annualized ROE % for the quarter that ended in Jun. 2026 is calculated as

ROE %=Net Income (Q: Jun. 2026 )/( (Total Stockholders Equity (Q: Mar. 2026 )+Total Stockholders Equity (Q: Jun. 2026 ))/ count )
=147.552/( (726.626+738.951)/ 2 )
=147.552/732.7885
=20.14 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 20.14% mean?
Megachem (Thailand) PCL (BKK:MGT) has a ROE % of 20.14% as of Jun. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Megachem (Thailand) PCL and its competitors. This is 35% above median its historical median of 14.94. Over the past decade, Megachem (Thailand) PCL's ROE % has ranged from 13.04 to 22.69. According to the industry distribution chart, Megachem (Thailand) PCL ranks #202 out of 1588 companies in the Chemicals industry, placing it in the top 12.7%.
Is Megachem (Thailand) PCL's ROE % too high?
Megachem (Thailand) PCL's current ROE % of 20.14% is 35% above median its 10-year median of 14.94. Over the past 10 years, this metric has ranged from a low of 13.04 to a high of 22.69. The Chemicals industry median ROE % is 5.80. Megachem (Thailand) PCL's value of 20.14% is 247.2% above this industry median. Based on the distribution chart, Megachem (Thailand) PCL ranks #202 out of 1588 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Megachem (Thailand) PCL has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Megachem (Thailand) PCL's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Megachem (Thailand) PCL ranks #202 out of 1588 companies for ROE %. This places Megachem (Thailand) PCL in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 5.80. Megachem (Thailand) PCL's value of 20.14% is 247.2% above this benchmark. Historically, Megachem (Thailand) PCL's own ROE % has ranged from 13.04 to 22.69 over the past decade. While the company's 10-year median is 14.94 vs. the industry median of 5.80, Megachem (Thailand) PCL 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 ROE % for a Chemicals company?
The median ROE % among Chemicals companies is 5.80, based on 1,588 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Megachem (Thailand) PCL's current ROE % of 20.14% is 247.2% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Megachem (Thailand) PCL and its competitors. For the Chemicals industry, the median ROE % is 5.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Megachem (Thailand) PCL's current ROE % is 20.14%, which is 35% above median its own 10-year median of 14.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Megachem (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Megachem (Thailand) PCL (BKK:MGT) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.16, compared to a current price of ฿2.30 — trading 6.5% above its estimated fair value. The current ROE % is 20.14%, which is 35% above median its 10-year median of 14.94 and 247.2% above the Chemicals industry median of 5.80. Megachem (Thailand) PCL's overall GF Score™ is 88/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Megachem (Thailand) PCL (BKK:MGT), the current ROE % is 20.14% as of Jun. 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 Megachem (Thailand) PCL (BKK:MGT) Overvalued in 2026?

Based on GuruFocus' analysis, Megachem (Thailand) PCL stock appears to be overvalued. The current stock price of ฿2.30 is trading 6.5% above its estimated GF Value™ of ฿2.16. GuruFocus considers Megachem (Thailand) PCL to be Fairly Valued.

Key valuation signals for BKK:MGT:

  • ROE %: 20.14% (35% above median its 10-year median of 14.94)
  • GF Value™: ฿2.16 vs. price of ฿2.30 (6.5% above fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 247.2% above the Chemicals median (#202 of 1588)

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


Megachem (Thailand) PCL Business Description

Address 25 Soi Chalongkrung 31, Ladkrabang Industrial Estate Soi G1/9, Lamplathew, Ladkrabang, Bangkok, THA, 10520
Megachem (Thailand) PCL is a company principally engaged in the distribution and solution provider of specialty chemicals for diversified industries. It distributes specialty chemicals used as an additive to the main ingredient to create a chemical reaction for products in various industries. The Group has one reportable segment, which is the distribution of chemical products, and its operations are carried on only in Thailand. The company distributes products such as Adhesives, cleaning, Construction, Cosmetics, Lubricants, and paints.
88GF Score

Get the complete analysis for BKK:MGT

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

฿2.30
Price
฿2.16
GF Value