Dutch Lady Milk Industries Bhd (XKLS:3026) ROE %: 20.37% (As of Mar. 2026) — 69% Below Median


XKLS:3026 Dutch Lady Milk Industries Bhd XKLS:3026
85 GF Score
Price RM32.60
GF Value RM30.97
Valuation Fairly Valued
! 6 Warning Signs
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What is Dutch Lady Milk Industries Bhd ROE %?

Dutch Lady Milk Industries Bhd XKLS:3026 85 ROE % is 20.37% as of Mar. 2026, which is 69% below its 10-year median of 64.80. GuruFocus rates XKLS:3026 with a GF Score™ of 85/100 and a GF Value™ of RM30.97 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,916 Consumer Packaged Goods companies, Dutch Lady Milk Industries Bhd ranks better than 85.13% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Dutch Lady Milk Industries Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM120 Mil. Dutch Lady Milk Industries Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM588 Mil. Therefore, Dutch Lady Milk Industries Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 20.37%.

The historical rank and industry rank for Dutch Lady Milk Industries Bhd's ROE % or its related term are showing as below:

XKLS:3026' s ROE % Range Over the Past 10 Years
Min: 11.87   Med: 64.8   Max: 123.6
Current: 19.3

During the past 13 years, Dutch Lady Milk Industries Bhd's highest ROE % was 123.60%. The lowest was 11.87%. And the median was 64.80%.

XKLS:3026's ROE % is ranked better than
85.13% of 1916 companies
in the Consumer Packaged Goods industry
Industry Median: 6.72 vs XKLS:3026: 19.30

Dutch Lady Milk Industries Bhd  (XKLS:3026) 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
=119.82/588.1525
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(119.82 / 1591.344)*(1591.344 / 1058.873)*(1058.873 / 588.1525)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.53 %*1.5029*1.8003
=ROA %*Equity Multiplier
=11.32 %*1.8003
=20.37 %

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
=119.82/588.1525
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (119.82 / 162.752) * (162.752 / 168.944) * (168.944 / 1591.344) * (1591.344 / 1058.873) * (1058.873 / 588.1525)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7362 * 0.9633 * 10.62 % * 1.5029 * 1.8003
=20.37 %

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.


Dutch Lady Milk Industries Bhd ROE % Related Terms


Dutch Lady Milk Industries Bhd ROE % Historical Data

* Premium members only.

The historical data trend for Dutch Lady Milk Industries Bhd'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.

Dutch Lady Milk Industries Bhd ROE % Chart

Dutch Lady Milk Industries Bhd 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 90.32 11.87 17.36 20.58 19.21

Dutch Lady Milk Industries Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 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 19.46 17.64 23.30 16.01 20.37

XKLS:3026 vs KHC, GIS: ROE % Comparison

For the Packaged Foods subindustry, Dutch Lady Milk Industries Bhd'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.


Dutch Lady Milk Industries Bhd ROE % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dutch Lady Milk Industries Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where Dutch Lady Milk Industries Bhd's ROE % falls into.


XKLS:3026
85GF Score
Dutch Lady Milk Industries Bhd XKLS:3026
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dutch Lady Milk Industries Bhd ROE % Calculation

Dutch Lady Milk Industries Bhd'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 )
=103.283/( (501.892+573.175)/ 2 )
=103.283/537.5335
=19.21 %

Dutch Lady Milk Industries Bhd'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 )
=119.82/( (573.175+603.13)/ 2 )
=119.82/588.1525
=20.37 %

* 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 20.37% mean?
Dutch Lady Milk Industries Bhd (XKLS:3026) has a ROE % of 20.37% 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 Dutch Lady Milk Industries Bhd and its competitors. This is 69% below median its historical median of 64.80. Over the past decade, Dutch Lady Milk Industries Bhd's ROE % has ranged from 11.87 to 123.60. According to the industry distribution chart, Dutch Lady Milk Industries Bhd ranks #285 out of 1916 companies in the Consumer Packaged Goods industry, placing it in the top 14.9%.
Is Dutch Lady Milk Industries Bhd's ROE % too high?
Dutch Lady Milk Industries Bhd's current ROE % of 20.37% is 69% below median its 10-year median of 64.80. Over the past 10 years, this metric has ranged from a low of 11.87 to a high of 123.60. The Consumer Packaged Goods industry median ROE % is 6.72. Dutch Lady Milk Industries Bhd's value of 20.37% is 203.1% above this industry median. Based on the distribution chart, Dutch Lady Milk Industries Bhd ranks #285 out of 1916 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Dutch Lady Milk Industries Bhd has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dutch Lady Milk Industries Bhd's ROE % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Dutch Lady Milk Industries Bhd ranks #285 out of 1916 companies for ROE %. This places Dutch Lady Milk Industries Bhd in the top 15% of its industry — outperforming the majority of peers. The industry median ROE % is 6.72. Dutch Lady Milk Industries Bhd's value of 20.37% is 203.1% above this benchmark. Historically, Dutch Lady Milk Industries Bhd's own ROE % has ranged from 11.87 to 123.60 over the past decade. While the company's 10-year median is 64.80 vs. the industry median of 6.72, Dutch Lady Milk Industries Bhd 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 6.72, based on 1,916 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. Dutch Lady Milk Industries Bhd's current ROE % of 20.37% is 203.1% 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 Dutch Lady Milk Industries Bhd and its competitors. For the Consumer Packaged Goods industry, the median ROE % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dutch Lady Milk Industries Bhd's current ROE % is 20.37%, which is 69% below median its own 10-year median of 64.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dutch Lady Milk Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Dutch Lady Milk Industries Bhd (XKLS:3026) is currently considered Fairly Valued. The stock's GF Value™ is RM30.97, compared to a current price of RM32.60 — trading 5.3% above its estimated fair value. The current ROE % is 20.37%, which is 69% below median its 10-year median of 64.80 and 203.1% above the Consumer Packaged Goods industry median of 6.72. Dutch Lady Milk Industries Bhd's overall GF Score™ is 85/100 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 Dutch Lady Milk Industries Bhd (XKLS:3026), the current ROE % is 20.37% 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 Dutch Lady Milk Industries Bhd (XKLS:3026) Overvalued in 2026?

Based on GuruFocus' analysis, Dutch Lady Milk Industries Bhd stock appears to be overvalued. The current stock price of RM32.60 is trading 5.3% above its estimated GF Value™ of RM30.97. GuruFocus considers Dutch Lady Milk Industries Bhd to be Fairly Valued.

Key valuation signals for XKLS:3026:

  • ROE %: 20.37% (69% below median its 10-year median of 64.80)
  • GF Value™: RM30.97 vs. price of RM32.60 (5.3% above fair value)
  • GF Score™: 85/100 with 6 warning signs
  • Industry Position: 203.1% above the Consumer Packaged Goods median (#285 of 1916)

No single metric tells the full story. See the XKLS:3026 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dutch Lady Milk Industries Bhd Business Description

Address 112, Jalan Prof. Khoo Kay Kim, Level 5, Quill 9, Petaling Jaya, SGR, MYS, 46300
Dutch Lady Milk Industries Bhd is a Malaysia-based company that manufactures and distributes a wide range of dairy products, such as specialized powders for infants and growing-up children, liquid milk in different packaging formats, and yogurts. The Company markets these products under various brand names such as Dutch Lady, Dutch Baby, Frisolac, Friso Gold, and Dutch Lady PureFarm.
85GF Score

Get the complete analysis for XKLS:3026

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

RM32.60
Price
RM30.97
GF Value