ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Singha Estate PCL's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 2.24%.
As of today (2026-07-07), Singha Estate PCL's WACC % is 5.32%. Singha Estate PCL's ROIC % is 2.50% (calculated using TTM income statement data).
Singha Estate PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Singha Estate PCL (BKK:S) 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, Singha Estate PCL's WACC % is 5.32%. Singha Estate PCL's ROIC % is 2.50% (calculated using TTM income statement data).
Singha Estate PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.
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.
Singha Estate PCL ROIC % Related Terms
Singha Estate PCL ROIC % Historical Data
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The historical data trend for Singha Estate 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.
For the Resorts & Casinos subindustry, Singha Estate 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.
Singha Estate PCL ROIC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Singha Estate PCL's ROIC % distribution charts can be found below:
* The bar in red indicates where Singha Estate PCL's ROIC % falls into.
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.
Singha Estate PCL (BKK:S) has a ROIC % of 2.24% 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 Singha Estate PCL and its competitors.
Is Singha Estate PCL's ROIC % too high?
Singha Estate PCL's current ROIC % is 2.24%. The Travel & Leisure industry median ROIC % is 3.74. Singha Estate PCL's value of 2.24% is 40.1% below this industry median. Overall, Singha Estate PCL has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Singha Estate PCL's ROIC % compare to LVS and MGM?
Singha Estate PCL's ROIC % of 2.24% can be compared against companies in the Travel & Leisure industry. The industry median ROIC % is 3.74. Singha Estate PCL's value of 2.24% is 40.1% below 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 Travel & Leisure company?
The median ROIC % among Travel & Leisure companies is 3.74, based on 834 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. Singha Estate PCL's current ROIC % of 2.24% is 40.1% below 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 Singha Estate PCL and its competitors. For the Travel & Leisure industry, the median ROIC % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singha Estate PCL's current ROIC % is 2.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singha Estate PCL stock overvalued right now?
Based on GuruFocus' analysis, Singha Estate PCL (BKK:S) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.62, compared to a current price of ฿0.49 — trading 21% below its estimated fair value. The current ROIC % is 2.24% and 40.1% below the Travel & Leisure industry median of 3.74. Singha Estate PCL's overall GF Score™ is 49/100 with 6 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 Singha Estate PCL (BKK:S), the current ROIC % is 2.24% 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 Singha Estate PCL (BKK:S) Overvalued in 2026?
Based on GuruFocus' analysis, Singha Estate PCL stock appears to be undervalued.
The current stock price of ฿0.49 is trading 21% below its estimated GF Value™ of ฿0.62.
GuruFocus considers Singha Estate PCL to be Modestly Undervalued.
Key valuation signals for BKK:S:
ROIC %: 2.24%
GF Value™: ฿0.62 vs. price of ฿0.49 (21% below fair value)
Industry Position: 40.1% below the Travel & Leisure median
No single metric tells the full story. See the BKK:S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singha Estate PCL is a real estate development company operating in Thailand. The group is engaged in the development and investment of real estate, hospitality business, property rental business, and real estate development service business. Revenue is generated through unit rental income, service charges for utilities, and other service fees. It operates in the following segments: House and condominium, Hospitality, Investment Property, and Other income. The hospitality segment earns the majority of the revenue. Geographically, the company operates in Thailand, The Republic of Maldives, Fiji and Mauritius and United Kingdom.
49GF Score
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