Boltek Holdings (HKSE:08601) ROE %: 12.23% (As of Dec. 2025) — 24% 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:08601 Boltek Holdings Ltd HKSE:08601
70 GF Score
Price HK$0.25
GF Value HK$0.33
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Boltek Holdings ROE %?

Boltek Holdings HKSE:08601 70 ROE % is 12.23% as of Dec. 2025, which is 24% below its 10-year median of 16.16. GuruFocus rates HKSE:08601 with a GF Score™ of 70/100 and a GF Value™ of HK$0.33 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,751 Construction companies, Boltek Holdings ranks better than 77.73% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Boltek Holdings's annualized net income for the quarter that ended in Dec. 2025 was HK$18.2 Mil. Boltek Holdings's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was HK$149.2 Mil. Therefore, Boltek Holdings's annualized ROE % for the quarter that ended in Dec. 2025 was 12.23%.

The historical rank and industry rank for Boltek Holdings's ROE % or its related term are showing as below:

HKSE:08601' s ROE % Range Over the Past 10 Years
Min: -2.16   Med: 16.16   Max: 83.34
Current: 15.59

During the past 10 years, Boltek Holdings's highest ROE % was 83.34%. The lowest was -2.16%. And the median was 16.16%.

HKSE:08601's ROE % is ranked better than
77.73% of 1751 companies
in the Construction industry
Industry Median: 6.7 vs HKSE:08601: 15.59

Boltek Holdings  (HKSE:08601) 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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=18.236/149.169
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.236 / 193.792)*(193.792 / 176.519)*(176.519 / 149.169)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.41 %*1.0979*1.1833
=ROA %*Equity Multiplier
=10.33 %*1.1833
=12.23 %

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: Dec. 2025 )
=Net Income/Total Stockholders Equity
=18.236/149.169
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (18.236 / 21.764) * (21.764 / 20.578) * (20.578 / 193.792) * (193.792 / 176.519) * (176.519 / 149.169)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8379 * 1.0576 * 10.62 % * 1.0979 * 1.1833
=12.23 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.


Boltek Holdings ROE % Related Terms


Boltek Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Boltek Holdings'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.

Boltek Holdings ROE % Chart

Boltek Holdings 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 12.54 10.23 16.46 19.40 15.85

Boltek Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 16.81 15.16 21.23 18.84 12.23

HKSE:08601 vs PWR, FIX, EME: ROE % Comparison

For the Engineering & Construction subindustry, Boltek Holdings'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.


Boltek Holdings ROE % vs Construction Industry

For the Construction industry and Industrials sector, Boltek Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Boltek Holdings's ROE % falls into.


HKSE:08601
70GF Score
Boltek Holdings Ltd HKSE:08601
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boltek Holdings ROE % Calculation

Boltek Holdings'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 )
=22.576/( (136.152+148.728)/ 2 )
=22.576/142.44
=15.85 %

Boltek Holdings's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=18.236/( (149.61+148.728)/ 2 )
=18.236/149.169
=12.23 %

* 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 two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 12.23% mean?
Boltek Holdings (HKSE:08601) has a ROE % of 12.23% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Boltek Holdings and its competitors. This is 24% below median its historical median of 16.16. According to the industry distribution chart, Boltek Holdings ranks #390 out of 1751 companies in the Construction industry, placing it in the top 22.3%.
Is Boltek Holdings' ROE % too high?
Boltek Holdings' current ROE % of 12.23% is 24% below median its 10-year median of 16.16. The Construction industry median ROE % is 6.70. Boltek Holdings' value of 12.23% is 82.5% above this industry median. Based on the distribution chart, Boltek Holdings ranks #390 out of 1751 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Boltek Holdings has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boltek Holdings' ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, Boltek Holdings ranks #390 out of 1751 companies for ROE %. This places Boltek Holdings in the top 22% of its industry — outperforming the majority of peers. The industry median ROE % is 6.70. Boltek Holdings' value of 12.23% is 82.5% above this benchmark. While the company's 10-year median is 16.16 vs. the industry median of 6.70, Boltek Holdings 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 Construction company?
The median ROE % among Construction companies is 6.70, based on 1,751 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. Boltek Holdings's current ROE % of 12.23% is 82.5% 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 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 Boltek Holdings and its competitors. For the Construction industry, the median ROE % is 6.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boltek Holdings's current ROE % is 12.23%, which is 24% below median its own 10-year median of 16.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boltek Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boltek Holdings (HKSE:08601) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.33, compared to a current price of HK$0.25 — trading 25.2% below its estimated fair value. The current ROE % is 12.23%, which is 24% below median its 10-year median of 16.16 and 82.5% above the Construction industry median of 6.70. Boltek Holdings' overall GF Score™ is 70/100 with 6 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 Boltek Holdings (HKSE:08601), the current ROE % is 12.23% 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 Boltek Holdings (HKSE:08601) Overvalued in 2026?

Based on GuruFocus' analysis, Boltek Holdings stock appears to be undervalued. The current stock price of HK$0.25 is trading 25.2% below its estimated GF Value™ of HK$0.33. GuruFocus considers Boltek Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:08601:

  • ROE %: 12.23% (24% below median its 10-year median of 16.16)
  • GF Value™: HK$0.33 vs. price of HK$0.25 (25.2% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 82.5% above the Construction median (#390 of 1751)

No single metric tells the full story. See the HKSE:08601 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boltek Holdings Business Description

Address 46-48 Hillwood Road, 5th Floor, Winning Commercial Building, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Boltek Holdings Ltd is a Hong Kong-based company that provides engineering consultancy services. The company's primary business activity is investment holding, and it operates in the business of provision of engineering design, landscape architecture, and consultancy services as a single operating segment. The company recognized revenue and cost from the provision of engineering design, landscape architecture, and consultancy services. All of the company's activities take place within Hong Kong.
70GF Score

Get the complete analysis for HKSE:08601

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

HK$0.25
Price
HK$0.33
GF Value