Spritzer Bhd (XKLS:7103) ROE %: 13.36% (As of Mar. 2026) — 64% Above Median


XKLS:7103 Spritzer Bhd XKLS:7103
88 GF Score
Price RM2.88
GF Value RM1.76
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Spritzer Bhd ROE %?

Spritzer Bhd XKLS:7103 -0.69% 88 ROE % is 13.36% as of Mar. 2026, which is 64% above its 10-year median of 8.16. GuruFocus rates XKLS:7103 with a GF Score™ of 88/100 and a GF Value™ of RM1.76 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 111 Beverages - Non-Alcoholic companies, Spritzer Bhd ranks better than 62.16% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Spritzer Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM89.4 Mil. Spritzer Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM668.9 Mil. Therefore, Spritzer Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 13.36%.

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

XKLS:7103' s ROE % Range Over the Past 10 Years
Min: 5.35   Med: 8.16   Max: 14.73
Current: 14.73

During the past 13 years, Spritzer Bhd's highest ROE % was 14.73%. The lowest was 5.35%. And the median was 8.16%.

XKLS:7103's ROE % is ranked better than
62.16% of 111 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 11.15 vs XKLS:7103: 14.73

Spritzer Bhd  (XKLS:7103) 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
=89.352/668.893
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(89.352 / 631.92)*(631.92 / 866.4255)*(866.4255 / 668.893)
=Net Margin %*Asset Turnover*Equity Multiplier
=14.14 %*0.7293*1.2953
=ROA %*Equity Multiplier
=10.31 %*1.2953
=13.36 %

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
=89.352/668.893
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (89.352 / 120.876) * (120.876 / 118.464) * (118.464 / 631.92) * (631.92 / 866.4255) * (866.4255 / 668.893)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7392 * 1.0204 * 18.75 % * 0.7293 * 1.2953
=13.36 %

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.


Spritzer Bhd ROE % Related Terms


Spritzer Bhd ROE % Historical Data

* Premium members only.

The historical data trend for Spritzer 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.

Spritzer Bhd ROE % Chart

Spritzer Bhd Annual Data
Trend May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.35 7.73 9.70 12.82 14.64

Spritzer 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 13.28 15.08 15.35 15.41 13.36

XKLS:7103 vs KO, PEP, MNST: ROE % Comparison

For the Beverages - Non-Alcoholic subindustry, Spritzer 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.


Spritzer Bhd ROE % vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spritzer Bhd's ROE % distribution charts can be found below:

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


XKLS:7103
88GF Score
Spritzer Bhd XKLS:7103
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spritzer Bhd ROE % Calculation

Spritzer 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 )
=90.759/( (581.998+657.666)/ 2 )
=90.759/619.832
=14.64 %

Spritzer 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 )
=89.352/( (657.666+680.12)/ 2 )
=89.352/668.893
=13.36 %

* 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 13.36% mean?
Spritzer Bhd (XKLS:7103) has a ROE % of 13.36% 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 Spritzer Bhd and its competitors. This is 64% above median its historical median of 8.16. Over the past decade, Spritzer Bhd's ROE % has ranged from 5.35 to 14.73. According to the industry distribution chart, Spritzer Bhd ranks #42 out of 111 companies in the Beverages - Non-Alcoholic industry, placing it in the top 37.8%.
Is Spritzer Bhd's ROE % too high?
Spritzer Bhd's current ROE % of 13.36% is 64% above median its 10-year median of 8.16. Over the past 10 years, this metric has ranged from a low of 5.35 to a high of 14.73. The Beverages - Non-Alcoholic industry median ROE % is 11.15. Spritzer Bhd's value of 13.36% is 19.8% above this industry median. Based on the distribution chart, Spritzer Bhd ranks #42 out of 111 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Spritzer Bhd has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spritzer Bhd's ROE % compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Spritzer Bhd ranks #42 out of 111 companies for ROE %. This puts Spritzer Bhd in the upper half of its industry. The industry median ROE % is 11.15. Spritzer Bhd's value of 13.36% is 19.8% above this benchmark. Historically, Spritzer Bhd's own ROE % has ranged from 5.35 to 14.73 over the past decade. While the company's 10-year median is 8.16 vs. the industry median of 11.15, Spritzer 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 Beverages - Non-Alcoholic company?
The median ROE % among Beverages - Non-Alcoholic companies is 11.15, based on 111 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. Spritzer Bhd's current ROE % of 13.36% is 19.8% 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 Spritzer Bhd and its competitors. For the Beverages - Non-Alcoholic industry, the median ROE % is 11.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spritzer Bhd's current ROE % is 13.36%, which is 64% above median its own 10-year median of 8.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spritzer Bhd stock overvalued right now?
Based on GuruFocus' analysis, Spritzer Bhd (XKLS:7103) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.76, compared to a current price of RM2.88 — trading 63.6% above its estimated fair value. The current ROE % is 13.36%, which is 64% above median its 10-year median of 8.16 and 19.8% above the Beverages - Non-Alcoholic industry median of 11.15. Spritzer Bhd's overall GF Score™ is 88/100 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 Spritzer Bhd (XKLS:7103), the current ROE % is 13.36% 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 Spritzer Bhd (XKLS:7103) Overvalued in 2026?

Based on GuruFocus' analysis, Spritzer Bhd stock appears to be overvalued. The current stock price of RM2.88 is trading 63.6% above its estimated GF Value™ of RM1.76. GuruFocus considers Spritzer Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:7103:

  • ROE %: 13.36% (64% above median its 10-year median of 8.16)
  • GF Value™: RM1.76 vs. price of RM2.88 (63.6% above fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 19.8% above the Beverages - Non-Alcoholic median (#42 of 111)

No single metric tells the full story. See the XKLS:7103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spritzer Bhd Business Description

Address Lot 898, Jalan Reservoir, Off Jalan Air Kuning, Taiping, PRK, MYS, 34000
Spritzer Bhd is principally involved in the production and sale of natural mineral water, carbonated flavoured water, distilled water, drinking water and non-carbonated flavoured water, manufacturing and selling of PET preforms, PET bottles, caps, toothbrushes and other plastic products, distribution of bottled water and other consumer products, operator of a mini golf course, recreational park and retail of consumer products, property development and investment holding. The company operates through three segments Manufacturing, Trading, and Others. The company generates majority of revenue from Manufacturing segment. The company's main products includes Everyday Hydration, Sparking Hydration, Flavourful Hydration, etc.
88GF Score

Get the complete analysis for XKLS:7103

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

RM2.88
Price
RM1.76
GF Value