Tehmag Foods (ROCO:1264) ROE %: 18.87% (As of Dec. 2025) — 15% Below Median

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ROCO:1264 Tehmag Foods Corp ROCO:1264
78 GF Score
Price NT$259.00
GF Value NT$356.70
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Tehmag Foods ROE %?

Tehmag Foods ROCO:1264 -4.60% 78 ROE % is 18.87% as of Dec. 2025, which is 15% below its 10-year median of 22.09. GuruFocus rates ROCO:1264 with a GF Score™ of 78/100 and a GF Value™ of NT$356.70 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,923 Consumer Packaged Goods companies, Tehmag Foods ranks better than 88.25% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Tehmag Foods's annualized net income for the quarter that ended in Dec. 2025 was NT$671 Mil. Tehmag Foods's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$3,558 Mil. Therefore, Tehmag Foods's annualized ROE % for the quarter that ended in Dec. 2025 was 18.87%.

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

ROCO:1264' s ROE % Range Over the Past 10 Years
Min: 20.02   Med: 22.09   Max: 23.06
Current: 22.46

During the past 13 years, Tehmag Foods's highest ROE % was 23.06%. The lowest was 20.02%. And the median was 22.09%.

ROCO:1264's ROE % is ranked better than
88.25% of 1923 companies
in the Consumer Packaged Goods industry
Industry Median: 6.79 vs ROCO:1264: 22.46

Tehmag Foods  (ROCO:1264) 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
=671.304/3557.603
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(671.304 / 7092.408)*(7092.408 / 5769.2485)*(5769.2485 / 3557.603)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.47 %*1.2293*1.6217
=ROA %*Equity Multiplier
=11.64 %*1.6217
=18.87 %

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
=671.304/3557.603
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (671.304 / 1085.884) * (1085.884 / 1078.064) * (1078.064 / 7092.408) * (7092.408 / 5769.2485) * (5769.2485 / 3557.603)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6182 * 1.0073 * 15.2 % * 1.2293 * 1.6217
=18.87 %

Note: The net income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.


Tehmag Foods ROE % Related Terms


Tehmag Foods ROE % Historical Data

* Premium members only.

The historical data trend for Tehmag Foods'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.

Tehmag Foods ROE % Chart

Tehmag Foods 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 22.92 22.45 22.21 23.06 21.29

Tehmag Foods Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 Premium Member Only Premium Member Only 21.50 23.42 23.86 25.30 18.87

ROCO:1264 vs KHC, GIS: ROE % Comparison

For the Packaged Foods subindustry, Tehmag Foods'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.


Tehmag Foods ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tehmag Foods's ROE % distribution charts can be found below:

* The bar in red indicates where Tehmag Foods's ROE % falls into.


ROCO:1264
78GF Score
Tehmag Foods Corp ROCO:1264
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tehmag Foods ROE % Calculation

Tehmag Foods'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 )
=758.499/( (3452.966+3670.833)/ 2 )
=758.499/3561.8995
=21.29 %

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

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Sep. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=671.304/( (3444.373+3670.833)/ 2 )
=671.304/3557.603
=18.87 %

* 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 (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 18.87% mean?
Tehmag Foods (ROCO:1264) has a ROE % of 18.87% 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 Tehmag Foods and its competitors. This is 15% below median its historical median of 22.09. Over the past decade, Tehmag Foods' ROE % has ranged from 20.02 to 23.06. According to the industry distribution chart, Tehmag Foods ranks #226 out of 1923 companies in the Consumer Packaged Goods industry, placing it in the top 11.8%.
Is Tehmag Foods' ROE % too high?
Tehmag Foods' current ROE % of 18.87% is 15% below median its 10-year median of 22.09. Over the past 10 years, this metric has ranged from a low of 20.02 to a high of 23.06. The Consumer Packaged Goods industry median ROE % is 6.79. Tehmag Foods' value of 18.87% is 177.9% above this industry median. Based on the distribution chart, Tehmag Foods ranks #226 out of 1923 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Tehmag Foods has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tehmag Foods' ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tehmag Foods ranks #226 out of 1923 companies for ROE %. This places Tehmag Foods in the top 12% of its industry — outperforming the majority of peers. The industry median ROE % is 6.79. Tehmag Foods' value of 18.87% is 177.9% above this benchmark. Historically, Tehmag Foods' own ROE % has ranged from 20.02 to 23.06 over the past decade. While the company's 10-year median is 22.09 vs. the industry median of 6.79, Tehmag Foods 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 Consumer Packaged Goods company?
The median ROE % among Consumer Packaged Goods companies is 6.79, based on 1,923 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. Tehmag Foods's current ROE % of 18.87% is 177.9% 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 Tehmag Foods and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tehmag Foods's current ROE % is 18.87%, which is 15% below median its own 10-year median of 22.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tehmag Foods stock overvalued right now?
Based on GuruFocus' analysis, Tehmag Foods (ROCO:1264) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$356.70, compared to a current price of NT$259.00 — trading 27.4% below its estimated fair value. The current ROE % is 18.87%, which is 15% below median its 10-year median of 22.09 and 177.9% above the Consumer Packaged Goods industry median of 6.79. Tehmag Foods' overall GF Score™ is 78/100 with 3 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 Tehmag Foods (ROCO:1264), the current ROE % is 18.87% 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 Tehmag Foods (ROCO:1264) Overvalued in 2026?

Based on GuruFocus' analysis, Tehmag Foods stock appears to be undervalued. The current stock price of NT$259.00 is trading 27.4% below its estimated GF Value™ of NT$356.70. GuruFocus considers Tehmag Foods to be Modestly Undervalued.

Key valuation signals for ROCO:1264:

  • ROE %: 18.87% (15% below median its 10-year median of 22.09)
  • GF Value™: NT$356.70 vs. price of NT$259.00 (27.4% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 177.9% above the Consumer Packaged Goods median (#226 of 1923)

No single metric tells the full story. See the ROCO:1264 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tehmag Foods Business Description

Address No.31, Wuquan 5th Road, Wugu District, New Taipei, TWN
Tehmag Foods Corp is engaged in Baking, cooking and steaming food manufacturing industry; Flour milling industry; Food additive manufacturing industry; Noodle and vermicelli food manufacturing industry and Food and beverage retail industry. Its marketing channels include bakery shops, hotels, restaurants. The company offers baked goods, dairy products, all kinds of packaging materials and instruments of baking mixes.
78GF Score

Get the complete analysis for ROCO:1264

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

NT$259.00
Price
NT$356.70
GF Value