Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) ROE %: -0.40% (As of Mar. 2026)


TPE:9110 Vietnam Manufacturing and Export Processing (Holdings) Ltd TPE:9110
54 GF Score
Price NT$3.30
GF Value NT$6.09
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Vietnam Manufacturing and Export Processing (Holdings) ROE %?

Vietnam Manufacturing and Export Processing (Holdings) TPE:9110 54 ROE % is -0.40% as of Mar. 2026. GuruFocus rates TPE:9110 with a GF Score™ of 54/100 and a GF Value™ of NT$6.09 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,308 Vehicles & Parts companies, Vietnam Manufacturing and Export Processing (Holdings) ranks better than 56.19% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Vietnam Manufacturing and Export Processing (Holdings)'s annualized net income for the quarter that ended in Mar. 2026 was NT$-6 Mil. Vietnam Manufacturing and Export Processing (Holdings)'s average Total Stockholders Equity over the quarter that ended in Mar. 2026 was NT$1,528 Mil. Therefore, Vietnam Manufacturing and Export Processing (Holdings)'s annualized ROE % for the quarter that ended in Mar. 2026 was -0.40%.

The historical rank and industry rank for Vietnam Manufacturing and Export Processing (Holdings)'s ROE % or its related term are showing as below:

TPE:9110' s ROE % Range Over the Past 10 Years
Min: -40.27   Med: -7.59   Max: 9.95
Current: 7.96

During the past 13 years, Vietnam Manufacturing and Export Processing (Holdings)'s highest ROE % was 9.95%. The lowest was -40.27%. And the median was -7.59%.

TPE:9110's ROE % is ranked better than
56.19% of 1308 companies
in the Vehicles & Parts industry
Industry Median: 6.62 vs TPE:9110: 7.96

Vietnam Manufacturing and Export Processing (Holdings)  (TPE:9110) 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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-6.12/1527.579
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-6.12 / 2382.22)*(2382.22 / 2968.2235)*(2968.2235 / 1527.579)
=Net Margin %*Asset Turnover*Equity Multiplier
=-0.26 %*0.8026*1.9431
=ROA %*Equity Multiplier
=-0.21 %*1.9431
=-0.40 %

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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-6.12/1527.579
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-6.12 / -1.276) * (-1.276 / -70.24) * (-70.24 / 2382.22) * (2382.22 / 2968.2235) * (2968.2235 / 1527.579)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 4.7962 * 0.0182 * -2.95 % * 0.8026 * 1.9431
=-0.40 %

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


Vietnam Manufacturing and Export Processing (Holdings) ROE % Related Terms


Vietnam Manufacturing and Export Processing (Holdings) ROE % Historical Data

* Premium members only.

The historical data trend for Vietnam Manufacturing and Export Processing (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.

Vietnam Manufacturing and Export Processing (Holdings) ROE % Chart

Vietnam Manufacturing and Export Processing (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 -10.03 -0.41 3.34 -8.18 9.76

Vietnam Manufacturing and Export Processing (Holdings) Quarterly Data
Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 8.27 -7.46 -13.56 54.08 -0.40

TPE:9110 vs BC, THO, PII: ROE % Comparison

For the Recreational Vehicles subindustry, Vietnam Manufacturing and Export Processing (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.


Vietnam Manufacturing and Export Processing (Holdings) ROE % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Vietnam Manufacturing and Export Processing (Holdings)'s ROE % distribution charts can be found below:

* The bar in red indicates where Vietnam Manufacturing and Export Processing (Holdings)'s ROE % falls into.


TPE:9110
54GF Score
Vietnam Manufacturing and Export Processing (Holdings) Ltd TPE:9110
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vietnam Manufacturing and Export Processing (Holdings) ROE % Calculation

Vietnam Manufacturing and Export Processing (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 )
=145.694/( (1465.127+1520.618)/ 2 )
=145.694/1492.8725
=9.76 %

Vietnam Manufacturing and Export Processing (Holdings)'s annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-6.12/( (1520.618+1534.54)/ 2 )
=-6.12/1527.579
=-0.40 %

* 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 (Mar. 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 -0.40% mean?
Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) has a ROE % of -0.40% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Vietnam Manufacturing and Export Processing (Holdings) and its competitors. According to the industry distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #573 out of 1308 companies in the Vehicles & Parts industry, placing it in the top 43.8%.
Is Vietnam Manufacturing and Export Processing (Holdings)'s ROE % too high?
Vietnam Manufacturing and Export Processing (Holdings)'s current ROE % is -0.40%. Based on the distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #573 out of 1308 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Vietnam Manufacturing and Export Processing (Holdings) has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam Manufacturing and Export Processing (Holdings)'s ROE % compare to BC and THO?
According to the Vehicles & Parts industry distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #573 out of 1308 companies for ROE %. This puts Vietnam Manufacturing and Export Processing (Holdings) in the upper half of its industry. The industry median ROE % is 6.62. 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 Vehicles & Parts company?
The median ROE % among Vehicles & Parts companies is 6.62, based on 1,308 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. 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 Vietnam Manufacturing and Export Processing (Holdings) and its competitors. For the Vehicles & Parts industry, the median ROE % is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vietnam Manufacturing and Export Processing (Holdings)'s current ROE % is -0.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Manufacturing and Export Processing (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$6.09, compared to a current price of NT$3.30 — trading 45.8% below its estimated fair value. The current ROE % is -0.40%. Vietnam Manufacturing and Export Processing (Holdings)'s overall GF Score™ is 54/100 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110), the current ROE % is -0.40% as of Mar. 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) Overvalued in 2026?

Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) stock appears to be undervalued. The current stock price of NT$3.30 is trading 45.8% below its estimated GF Value™ of NT$6.09. GuruFocus considers Vietnam Manufacturing and Export Processing (Holdings) to be Significantly Undervalued.

Key valuation signals for TPE:9110:

  • ROE %: -0.40%
  • GF Value™: NT$6.09 vs. price of NT$3.30 (45.8% below fair value)
  • GF Score™: 54/100 with 3 warning signs

No single metric tells the full story. See the TPE:9110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vietnam Manufacturing and Export Processing (Holdings) Business Description

Other Exchanges 00422:Hong Kong
Address Section 5, Tam Hiep Ward, Dong Nai, Bien Hoa, VNM
Vietnam Manufacturing and Export Processing (Holdings) Ltd is engaged in manufacturing and sales of motorbikes, and related spare parts and engines. Its segments include Manufacturing and sale of motorbikes segment that includes motorbikes manufactured for the Vietnamese market and exports it to other countries including Malaysia, the Philippines, Thailand, Italy, Greece, United Arab Emirates and Singapore; and Manufacturing; and Sale of spare parts and engines segment manufactures engines for use in the group's motorbikes, while the group also exports engines to third parties. It manufactures parts for use in repair servicing and product assembly. Geographically, it operates in Vietnam, Malaysia, Philippines, United Arab Emirates, Greece, Thailand, Italy, Singapore, and Other Countries.
54GF Score

Get the complete analysis for TPE:9110

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

NT$3.30
Price
NT$6.09
GF Value