Ichitan Group PCL (BKK:ICHI-R) ROIC %: 23.07% (As of Mar. 2026)


BKK:ICHI-R Ichitan Group PCL BKK:ICHI-R
94 GF Score
Price ฿10.60
GF Value ฿11.86
! 2 Warning Signs
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What is Ichitan Group PCL ROIC %?

Ichitan Group PCL BKK:ICHI-R 94 ROIC % is 23.07% as of Mar. 2026. GuruFocus rates BKK:ICHI-R with a GF Score™ of 94/100 and a GF Value™ of ฿11.86. The stock has 2 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Ichitan Group PCL's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 23.07%.

As of today (2026-06-25), Ichitan Group PCL's WACC % is 9.21%. Ichitan Group PCL's ROIC % is 27.60% (calculated using TTM income statement data). Ichitan Group PCL generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Ichitan Group PCL  (BKK:ICHI-R) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Ichitan Group PCL's WACC % is 9.21%. Ichitan Group PCL's ROIC % is 27.60% (calculated using TTM income statement data). Ichitan Group PCL generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Ichitan Group PCL ROIC % Related Terms


Ichitan Group PCL ROIC % Historical Data

* Premium members only.

The historical data trend for Ichitan Group PCL's ROIC % 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.

Ichitan Group PCL ROIC % Chart

Ichitan Group PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.18 10.02 20.70 25.98 25.79

Ichitan Group PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROIC % 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 19.33 32.03 29.05 20.57 23.07

BKK:ICHI-R vs KO, PEP, MNST: ROIC % Comparison

For the Beverages - Non-Alcoholic subindustry, Ichitan Group PCL's ROIC %, along with its competitors' market caps and ROIC % 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.


Ichitan Group PCL ROIC % vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Ichitan Group PCL's ROIC % distribution charts can be found below:

* The bar in red indicates where Ichitan Group PCL's ROIC % falls into.


BKK:ICHI-R
94GF Score
Ichitan Group PCL BKK:ICHI-R
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichitan Group PCL ROIC % Calculation

Ichitan Group PCL's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2025 is calculated as:

ROIC % (A: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2024 ) + Invested Capital (A: Dec. 2025 ))/ count )
=1473.63 * ( 1 - 11.54% )/( (4906.881 + 5203.509)/ 2 )
=1303.573098/5055.195
=25.79 %

where

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7081.394 - 1266.241 - ( 908.272 - max(0, 1282.647 - 3448.966+908.272))
=4906.881

Invested Capital(A: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6790.534 - 988.909 - ( 598.116 - max(0, 1006.346 - 3530.881+598.116))
=5203.509

Ichitan Group PCL's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2026 is calculated as:

ROIC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1319.5 * ( 1 - 15.06% )/( (5203.509 + 4512.798)/ 2 )
=1120.7833/4858.1535
=23.07 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6790.534 - 988.909 - ( 598.116 - max(0, 1006.346 - 3530.881+598.116))
=5203.509

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7197.373 - 1118.183 - ( 1566.392 - max(0, 1135.895 - 4033.659+1566.392))
=4512.798

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data. The tax rate is limited to between 0% and 100%.

* 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.

Frequently Asked Questions Learn more about ROIC % →
What does a ROIC % of 23.07% mean?
Ichitan Group PCL (BKK:ICHI-R) has a ROIC % of 23.07% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Ichitan Group PCL and its competitors.
Is Ichitan Group PCL's ROIC % too high?
Ichitan Group PCL's current ROIC % is 23.07%. The Beverages - Non-Alcoholic industry median ROIC % is 8.72. Ichitan Group PCL's value of 23.07% is 164.7% above this industry median. Overall, Ichitan Group PCL has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Ichitan Group PCL's ROIC % compare to KO and PEP?
Ichitan Group PCL's ROIC % of 23.07% can be compared against companies in the Beverages - Non-Alcoholic industry. The industry median ROIC % is 8.72. Ichitan Group PCL's value of 23.07% is 164.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Beverages - Non-Alcoholic company?
The median ROIC % among Beverages - Non-Alcoholic companies is 8.72, based on 114 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ichitan Group PCL's current ROIC % of 23.07% is 164.7% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Ichitan Group PCL and its competitors. For the Beverages - Non-Alcoholic industry, the median ROIC % is 8.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichitan Group PCL's current ROIC % is 23.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichitan Group PCL stock overvalued right now?
Ichitan Group PCL (BKK:ICHI-R) has a current ROIC % of 23.07%. The stock's GF Value™ is ฿11.86, compared to a current price of ฿10.60 — trading 10.6% below its estimated fair value. The current ROIC % is 23.07% and 164.7% above the Beverages - Non-Alcoholic industry median of 8.72. Ichitan Group PCL's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Ichitan Group PCL (BKK:ICHI-R), the current ROIC % is 23.07% 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 Ichitan Group PCL (BKK:ICHI-R) Overvalued in 2026?

Based on GuruFocus' analysis, Ichitan Group PCL stock appears to be undervalued. The current stock price of ฿10.60 is trading 10.6% below its estimated GF Value™ of ฿11.86.

Key valuation signals for BKK:ICHI-R:

  • ROIC %: 23.07%
  • GF Value™: ฿11.86 vs. price of ฿10.60 (10.6% below fair value)
  • GF Score™: 94/100 with 2 warning signs
  • Industry Position: 164.7% above the Beverages - Non-Alcoholic median

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


Ichitan Group PCL Business Description

Other Exchanges ICHI:Thailand
Address Sukhumvit 40 Alley, No. 8 T-One Building, 42nd - 44th Floor, Phra Khanong Sub-District, Khlong Toei District, Bangkok, THA, 10110
Ichitan Group PCL manufactures and sells ready-to-drink tea beverages in Thailand. It manufactures and sells ready to drink green tea beverage, herbal drink, and low-sugar ready-to-drink tea beverage, under the brand name of Ichitan Green Tea. Majority of the revenue for the company is generated from Thailand and rest from overseas markets.
94GF Score

Get the complete analysis for BKK:ICHI-R

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

฿10.60
Price
฿11.86
GF Value