Malaysia Smelting Bhd (XKLS:5916) ROE %: 22.84% (As of Mar. 2026) — 105% Above Median

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XKLS:5916 Malaysia Smelting Corp Bhd XKLS:5916
78 GF Score
Price RM1.90
GF Value RM1.44
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Malaysia Smelting Bhd ROE %?

Malaysia Smelting Bhd XKLS:5916 78 ROE % is 22.84% as of Mar. 2026, which is 105% above its 10-year median of 11.12. GuruFocus rates XKLS:5916 with a GF Score™ of 78/100 and a GF Value™ of RM1.44 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,392 Metals & Mining companies, Malaysia Smelting Bhd ranks better than 86.79% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Malaysia Smelting Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM172 Mil. Malaysia Smelting Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM752 Mil. Therefore, Malaysia Smelting Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 22.84%.

The historical rank and industry rank for Malaysia Smelting Bhd's ROE % or its related term are showing as below:

XKLS:5916' s ROE % Range Over the Past 10 Years
Min: 3.98   Med: 11.12   Max: 24.24
Current: 16.33

During the past 13 years, Malaysia Smelting Bhd's highest ROE % was 24.24%. The lowest was 3.98%. And the median was 11.12%.

XKLS:5916's ROE % is ranked better than
86.79% of 2392 companies
in the Metals & Mining industry
Industry Median: -16.28 vs XKLS:5916: 16.33

Malaysia Smelting Bhd  (XKLS:5916) 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
=171.736/751.926
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(171.736 / 1828.156)*(1828.156 / 1579.78)*(1579.78 / 751.926)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.39 %*1.1572*2.101
=ROA %*Equity Multiplier
=10.87 %*2.101
=22.84 %

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
=171.736/751.926
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (171.736 / 264.432) * (264.432 / 280.924) * (280.924 / 1828.156) * (1828.156 / 1579.78) * (1579.78 / 751.926)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6495 * 0.9413 * 15.37 % * 1.1572 * 2.101
=22.84 %

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.


Malaysia Smelting Bhd ROE % Related Terms


Malaysia Smelting Bhd ROE % Historical Data

* Premium members only.

The historical data trend for Malaysia Smelting 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.

Malaysia Smelting Bhd ROE % Chart

Malaysia Smelting 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 24.24 15.13 11.55 10.86 11.38

Malaysia Smelting 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 4.38 7.98 11.81 22.53 22.84

Malaysia Smelting Bhd ROE % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Malaysia Smelting 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.


Malaysia Smelting Bhd ROE % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Malaysia Smelting Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where Malaysia Smelting Bhd's ROE % falls into.


XKLS:5916
78GF Score
Malaysia Smelting Corp Bhd XKLS:5916
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Malaysia Smelting Bhd ROE % Calculation

Malaysia Smelting 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 )
=81.974/( (709.144+731.2)/ 2 )
=81.974/720.172
=11.38 %

Malaysia Smelting 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 )
=171.736/( (731.2+772.652)/ 2 )
=171.736/751.926
=22.84 %

* 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 22.84% mean?
Malaysia Smelting Bhd (XKLS:5916) has a ROE % of 22.84% 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 Malaysia Smelting Bhd and its competitors. This is 105% above median its historical median of 11.12. Over the past decade, Malaysia Smelting Bhd's ROE % has ranged from 3.98 to 24.24. According to the industry distribution chart, Malaysia Smelting Bhd ranks #316 out of 2392 companies in the Metals & Mining industry, placing it in the top 13.2%.
Is Malaysia Smelting Bhd's ROE % too high?
Malaysia Smelting Bhd's current ROE % of 22.84% is 105% above median its 10-year median of 11.12. Over the past 10 years, this metric has ranged from a low of 3.98 to a high of 24.24. Based on the distribution chart, Malaysia Smelting Bhd ranks #316 out of 2392 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Malaysia Smelting Bhd has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysia Smelting Bhd's ROE % compare to competitors?
According to the Metals & Mining industry distribution chart, Malaysia Smelting Bhd ranks #316 out of 2392 companies for ROE %. This places Malaysia Smelting Bhd in the top 13% of its industry — outperforming the majority of peers. Historically, Malaysia Smelting Bhd's own ROE % has ranged from 3.98 to 24.24 over the past decade. 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 Metals & Mining company?
A good ROE % depends on the Metals & Mining industry context. 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 Malaysia Smelting Bhd and its competitors. Malaysia Smelting Bhd's current ROE % is 22.84%, which is 105% above median its own 10-year median of 11.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Smelting Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Smelting Bhd (XKLS:5916) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.44, compared to a current price of RM1.90 — trading 31.9% above its estimated fair value. The current ROE % is 22.84%, which is 105% above median its 10-year median of 11.12. Malaysia Smelting Bhd's overall GF Score™ is 78/100 with 4 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 Malaysia Smelting Bhd (XKLS:5916), the current ROE % is 22.84% 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 Malaysia Smelting Bhd (XKLS:5916) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysia Smelting Bhd stock appears to be overvalued. The current stock price of RM1.90 is trading 31.9% above its estimated GF Value™ of RM1.44. GuruFocus considers Malaysia Smelting Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5916:

  • ROE %: 22.84% (105% above median its 10-year median of 11.12)
  • GF Value™: RM1.44 vs. price of RM1.90 (31.9% above fair value)
  • GF Score™: 78/100 with 4 warning signs

No single metric tells the full story. See the XKLS:5916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malaysia Smelting Bhd Business Description

Other Exchanges NPW:Singapore
Address Jalan Perigi Nanas 6/1, Lot 6, 8 & 9, Pulau Indah Industrial Park, West Port, Port Klang, SGR, MYS, 42920
Malaysia Smelting Corp Bhd is an investment holding company. Along with its subsidiaries, it is engaged in smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal under the MSC brand name, and the sales and delivery of refined tin metal and by-products. The group has three reportable operating segments: Tin smelting, Tin Mining, and Others. The majority of its revenue is generated from the Tin Smelting segment, which includes the smelting of tin concentrates and tin-bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products. Geographically, the group mainly operates in Malaysia.
78GF Score

Get the complete analysis for XKLS:5916

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

RM1.90
Price
RM1.44
GF Value