Duty Free International (SGX:5SO) ROE %: 22.30% (As of Feb. 2026) — 300% Above Median


What is Duty Free International ROE %?

Duty Free International SGX:5SO ROE % is 22.30% as of Feb. 2026, which is 300% above its 10-year median of 5.58. The stock has 5 warning signs investors should review. Among 1,092 Retail - Cyclical companies, Duty Free International ranks better than 50.46% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Duty Free International's annualized net income for the quarter that ended in Feb. 2026 was S$21.14 Mil. Duty Free International's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was S$94.82 Mil. Therefore, Duty Free International's annualized ROE % for the quarter that ended in Feb. 2026 was 22.30%.

The historical rank and industry rank for Duty Free International's ROE % or its related term are showing as below:

SGX:5SO' s ROE % Range Over the Past 10 Years
Min: -9.08   Med: 5.58   Max: 15.4
Current: 6.57

During the past 13 years, Duty Free International's highest ROE % was 15.40%. The lowest was -9.08%. And the median was 5.58%.

SGX:5SO's ROE % is ranked better than
50.46% of 1092 companies
in the Retail - Cyclical industry
Industry Median: 6.49 vs SGX:5SO: 6.57

Duty Free International  (SGX:5SO) 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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=21.144/94.822
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.144 / 103.372)*(103.372 / 139.566)*(139.566 / 94.822)
=Net Margin %*Asset Turnover*Equity Multiplier
=20.45 %*0.7407*1.4719
=ROA %*Equity Multiplier
=15.15 %*1.4719
=22.30 %

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: Feb. 2026 )
=Net Income/Total Stockholders Equity
=21.144/94.822
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (21.144 / 33.896) * (33.896 / 5.272) * (5.272 / 103.372) * (103.372 / 139.566) * (139.566 / 94.822)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6238 * 6.4294 * 5.1 % * 0.7407 * 1.4719
=22.30 %

Note: The net income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 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.


Duty Free International ROE % Related Terms


Duty Free International ROE % Historical Data

* Premium members only.

The historical data trend for Duty Free International'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.

Duty Free International ROE % Chart

Duty Free International Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.03 4.51 3.92 15.40 6.65

Duty Free International Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 14.69 1.52 2.79 1.81 22.30

SGX:5SO vs CASY, WSM, DKS: ROE % Comparison

For the Specialty Retail subindustry, Duty Free International'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.


Duty Free International ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Duty Free International's ROE % distribution charts can be found below:

* The bar in red indicates where Duty Free International's ROE % falls into.



Duty Free International ROE % Calculation

Duty Free International's annualized ROE % for the fiscal year that ended in Feb. 2026 is calculated as

ROE %=Net Income (A: Feb. 2026 )/( (Total Stockholders Equity (A: Feb. 2025 )+Total Stockholders Equity (A: Feb. 2026 ))/ count )
=7.067/( (113.514+98.944)/ 2 )
=7.067/106.229
=6.65 %

Duty Free International's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Nov. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=21.144/( (90.7+98.944)/ 2 )
=21.144/94.822
=22.30 %

* 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 (Feb. 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 22.30% mean?
Duty Free International (SGX:5SO) has a ROE % of 22.30% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Duty Free International and its competitors. This is 300% above median its historical median of 5.58. According to the industry distribution chart, Duty Free International ranks #541 out of 1092 companies in the Retail - Cyclical industry, placing it in the top 49.5%.
Is Duty Free International's ROE % too high?
Duty Free International's current ROE % of 22.30% is 300% above median its 10-year median of 5.58. The Retail - Cyclical industry median ROE % is 6.49. Duty Free International's value of 22.30% is 243.6% above this industry median. Based on the distribution chart, Duty Free International ranks #541 out of 1092 companies in the Retail - Cyclical industry, which is above the industry midpoint.
How does Duty Free International's ROE % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Duty Free International ranks #541 out of 1092 companies for ROE %. This puts Duty Free International in the upper half of its industry. The industry median ROE % is 6.49. Duty Free International's value of 22.30% is 243.6% above this benchmark. While the company's 10-year median is 5.58 vs. the industry median of 6.49, Duty Free International 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 Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.49, based on 1,092 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. Duty Free International's current ROE % of 22.30% is 243.6% 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 Duty Free International and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Duty Free International's current ROE % is 22.30%, which is 300% above median its own 10-year median of 5.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Duty Free International stock overvalued right now?
Based on GuruFocus' analysis, Duty Free International (SGX:5SO) is currently considered Significantly Undervalued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.07 — trading 47.7% below its estimated fair value. The current ROE % is 22.30%, which is 300% above median its 10-year median of 5.58 and 243.6% above the Retail - Cyclical industry median of 6.49. 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 Duty Free International (SGX:5SO), the current ROE % is 22.30% as of Feb. 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.

Duty Free International Business Description

Address 138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538
Duty Free International Ltd is a diversified group engaged in the operations of duty-free retail businesses and the manufacture of automotive component parts. Its segments include Trading of duty free goods and non-dutiable merchandise includes revenues from sale of goods, Manufacturing and supplying of automotive component parts includes revenues from sale of goods, and Investment holding and others includes revenues from sale of oil palm fresh fruit bunches. The majority of revenue is derived from Trading of duty free goods and non-dutiable merchandise segment. Beyond its core businesses, DFI also owns the Black Forest Golf and Country Club and oil palm plantation assets. The activities of the company are carried out mainly in Malaysia.