Fulgent Sun International (Holding) Co (TPE:9802) ROE %: 10.66% (As of Dec. 2025) — 13% Below Median


TPE:9802 Fulgent Sun International (Holding) Co Ltd TPE:9802
81 GF Score
Price NT$72.50
GF Value NT$111.99
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Fulgent Sun International (Holding) Co ROE %?

Fulgent Sun International (Holding) Co TPE:9802 -2.68% 81 ROE % is 10.66% as of Dec. 2025, which is 13% below its 10-year median of 12.28. GuruFocus rates TPE:9802 with a GF Score™ of 81/100 and a GF Value™ of NT$111.99 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,023 Manufacturing - Apparel & Accessories companies, Fulgent Sun International (Holding) Co ranks better than 70.67% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Fulgent Sun International (Holding) Co's annualized net income for the quarter that ended in Dec. 2025 was NT$1,440 Mil. Fulgent Sun International (Holding) Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was NT$13,513 Mil. Therefore, Fulgent Sun International (Holding) Co's annualized ROE % for the quarter that ended in Dec. 2025 was 10.66%.

The historical rank and industry rank for Fulgent Sun International (Holding) Co's ROE % or its related term are showing as below:

TPE:9802' s ROE % Range Over the Past 10 Years
Min: 8.72   Med: 12.28   Max: 31.27
Current: 8.97

During the past 13 years, Fulgent Sun International (Holding) Co's highest ROE % was 31.27%. The lowest was 8.72%. And the median was 12.28%.

TPE:9802's ROE % is ranked better than
70.67% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.04 vs TPE:9802: 8.97

Fulgent Sun International (Holding) Co  (TPE:9802) 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
=1440.488/13512.6955
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1440.488 / 18301.144)*(18301.144 / 21340.0465)*(21340.0465 / 13512.6955)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.87 %*0.8576*1.5793
=ROA %*Equity Multiplier
=6.75 %*1.5793
=10.66 %

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
=1440.488/13512.6955
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1440.488 / 1837.284) * (1837.284 / 1715.996) * (1715.996 / 18301.144) * (18301.144 / 21340.0465) * (21340.0465 / 13512.6955)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.784 * 1.0707 * 9.38 % * 0.8576 * 1.5793
=10.66 %

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.


Fulgent Sun International (Holding) Co ROE % Related Terms


Fulgent Sun International (Holding) Co ROE % Historical Data

* Premium members only.

The historical data trend for Fulgent Sun International (Holding) Co'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.

Fulgent Sun International (Holding) Co ROE % Chart

Fulgent Sun International (Holding) Co 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 13.52 31.27 11.96 10.42 8.72

Fulgent Sun International (Holding) Co 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 17.28 7.17 9.05 9.35 10.66

TPE:9802 vs NKE, DECK, ONON: ROE % Comparison

For the Footwear & Accessories subindustry, Fulgent Sun International (Holding) Co'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.


Fulgent Sun International (Holding) Co ROE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fulgent Sun International (Holding) Co's ROE % distribution charts can be found below:

* The bar in red indicates where Fulgent Sun International (Holding) Co's ROE % falls into.


TPE:9802
81GF Score
Fulgent Sun International (Holding) Co Ltd TPE:9802
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fulgent Sun International (Holding) Co ROE % Calculation

Fulgent Sun International (Holding) Co'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 )
=1213.482/( (14050.192+13769.074)/ 2 )
=1213.482/13909.633
=8.72 %

Fulgent Sun International (Holding) Co'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 )
=1440.488/( (13256.317+13769.074)/ 2 )
=1440.488/13512.6955
=10.66 %

* 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 10.66% mean?
Fulgent Sun International (Holding) Co (TPE:9802) has a ROE % of 10.66% 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 Fulgent Sun International (Holding) Co and its competitors. This is 13% below median its historical median of 12.28. Over the past decade, Fulgent Sun International (Holding) Co's ROE % has ranged from 8.72 to 31.27. According to the industry distribution chart, Fulgent Sun International (Holding) Co ranks #300 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 29.3%.
Is Fulgent Sun International (Holding) Co's ROE % too high?
Fulgent Sun International (Holding) Co's current ROE % of 10.66% is 13% below median its 10-year median of 12.28. Over the past 10 years, this metric has ranged from a low of 8.72 to a high of 31.27. The Manufacturing - Apparel & Accessories industry median ROE % is 4.04. Fulgent Sun International (Holding) Co's value of 10.66% is 163.9% above this industry median. Based on the distribution chart, Fulgent Sun International (Holding) Co ranks #300 out of 1023 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Fulgent Sun International (Holding) Co has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fulgent Sun International (Holding) Co's ROE % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fulgent Sun International (Holding) Co ranks #300 out of 1023 companies for ROE %. This puts Fulgent Sun International (Holding) Co in the upper half of its industry. The industry median ROE % is 4.04. Fulgent Sun International (Holding) Co's value of 10.66% is 163.9% above this benchmark. Historically, Fulgent Sun International (Holding) Co's own ROE % has ranged from 8.72 to 31.27 over the past decade. While the company's 10-year median is 12.28 vs. the industry median of 4.04, Fulgent Sun International (Holding) Co 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.04, based on 1,023 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. Fulgent Sun International (Holding) Co's current ROE % of 10.66% is 163.9% 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 Fulgent Sun International (Holding) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fulgent Sun International (Holding) Co's current ROE % is 10.66%, which is 13% below median its own 10-year median of 12.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulgent Sun International (Holding) Co stock overvalued right now?
Based on GuruFocus' analysis, Fulgent Sun International (Holding) Co (TPE:9802) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$111.99, compared to a current price of NT$72.50 — trading 35.3% below its estimated fair value. The current ROE % is 10.66%, which is 13% below median its 10-year median of 12.28 and 163.9% above the Manufacturing - Apparel & Accessories industry median of 4.04. Fulgent Sun International (Holding) Co's overall GF Score™ is 81/100 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 Fulgent Sun International (Holding) Co (TPE:9802), the current ROE % is 10.66% 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 Fulgent Sun International (Holding) Co (TPE:9802) Overvalued in 2026?

Based on GuruFocus' analysis, Fulgent Sun International (Holding) Co stock appears to be undervalued. The current stock price of NT$72.50 is trading 35.3% below its estimated GF Value™ of NT$111.99. GuruFocus considers Fulgent Sun International (Holding) Co to be Significantly Undervalued.

Key valuation signals for TPE:9802:

  • ROE %: 10.66% (13% below median its 10-year median of 12.28)
  • GF Value™: NT$111.99 vs. price of NT$72.50 (35.3% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 163.9% above the Manufacturing - Apparel & Accessories median (#300 of 1023)

No single metric tells the full story. See the TPE:9802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fulgent Sun International (Holding) Co Business Description

Address No. 76, Section 3, Yunlin Road, Yunlin County, Douliu, TWN
Fulgent Sun International (Holding) Co Ltd is engaged in the business of production and sale of sports and leisure outdoor shoes. Its main business is the manufacturing of professional sports shoes and high-functional outdoor shoes. Its factories are located in China, Vietnam, and Cambodia.
81GF Score

Get the complete analysis for TPE:9802

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

NT$72.50
Price
NT$111.99
GF Value