PT Hanjaya Mandalampoerna Tbk (FRA:HSZ) ROIC %: 29.16% (As of Mar. 2026)


FRA:HSZ PT Hanjaya Mandala Sampoerna Tbk FRA:HSZ
90 GF Score
Price €0.03
GF Value €0.03
Valuation Fairly Valued
! 5 Warning Signs
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What is PT Hanjaya Mandalampoerna Tbk ROIC %?

PT Hanjaya Mandalampoerna Tbk FRA:HSZ -3.51% 90 ROIC % is 29.16% as of Mar. 2026. GuruFocus rates FRA:HSZ with a GF Score™ of 90/100 and a GF Value™ of €0.03 (Fairly Valued). The stock has 5 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 %. PT Hanjaya Mandalampoerna Tbk's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 29.16%.

As of today (2026-06-28), PT Hanjaya Mandalampoerna Tbk's WACC % is 8.09%. PT Hanjaya Mandalampoerna Tbk's ROIC % is 25.21% (calculated using TTM income statement data). PT Hanjaya Mandalampoerna Tbk 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.


PT Hanjaya Mandalampoerna Tbk  (FRA:HSZ) 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, PT Hanjaya Mandalampoerna Tbk's WACC % is 8.09%. PT Hanjaya Mandalampoerna Tbk's ROIC % is 25.21% (calculated using TTM income statement data). PT Hanjaya Mandalampoerna Tbk 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.


PT Hanjaya Mandalampoerna Tbk ROIC % Related Terms


PT Hanjaya Mandalampoerna Tbk ROIC % Historical Data

* Premium members only.

The historical data trend for PT Hanjaya Mandalampoerna Tbk'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.

PT Hanjaya Mandalampoerna Tbk ROIC % Chart

PT Hanjaya Mandalampoerna Tbk 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 41.88 27.24 23.43 19.41 20.77

PT Hanjaya Mandalampoerna Tbk 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 23.94 4.18 35.30 28.18 29.16

FRA:HSZ vs PM, MO, TPB: ROIC % Comparison

For the Tobacco subindustry, PT Hanjaya Mandalampoerna Tbk'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.


PT Hanjaya Mandalampoerna Tbk ROIC % vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, PT Hanjaya Mandalampoerna Tbk's ROIC % distribution charts can be found below:

* The bar in red indicates where PT Hanjaya Mandalampoerna Tbk's ROIC % falls into.


FRA:HSZ
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PT Hanjaya Mandala Sampoerna Tbk FRA:HSZ
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PT Hanjaya Mandalampoerna Tbk ROIC % Calculation

PT Hanjaya Mandalampoerna Tbk'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 )
=474.579 * ( 1 - 29.88% )/( (1789.342 + 1414.372)/ 2 )
=332.7747948/1601.857
=20.77 %

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))
=3233.238 - 1302.781 - ( 141.115 - max(0, 1409.641 - 2293.904+141.115))
=1789.342

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))
=2635.664 - 977.231 - ( 244.061 - max(0, 1054.429 - 1858.681+244.061))
=1414.372

PT Hanjaya Mandalampoerna Tbk'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 )
=508.912 * ( 1 - 22.25% )/( (1414.372 + 1299.316)/ 2 )
=395.67908/1356.844
=29.16 %

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))
=2635.664 - 977.231 - ( 244.061 - max(0, 1054.429 - 1858.681+244.061))
=1414.372

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))
=2652.084 - 891.288 - ( 461.48 - max(0, 963.544 - 1885.665+461.48))
=1299.316

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 29.16% mean?
PT Hanjaya Mandalampoerna Tbk (FRA:HSZ) has a ROIC % of 29.16% 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 PT Hanjaya Mandalampoerna Tbk and its competitors.
Is PT Hanjaya Mandalampoerna Tbk's ROIC % too high?
PT Hanjaya Mandalampoerna Tbk's current ROIC % is 29.16%. The Tobacco Products industry median ROIC % is 8.99. PT Hanjaya Mandalampoerna Tbk's value of 29.16% is 224.4% above this industry median. Overall, PT Hanjaya Mandalampoerna Tbk has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Hanjaya Mandalampoerna Tbk's ROIC % compare to PM and MO?
PT Hanjaya Mandalampoerna Tbk's ROIC % of 29.16% can be compared against companies in the Tobacco Products industry. The industry median ROIC % is 8.99. PT Hanjaya Mandalampoerna Tbk's value of 29.16% is 224.4% 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 Tobacco Products company?
The median ROIC % among Tobacco Products companies is 8.99, based on 48 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. PT Hanjaya Mandalampoerna Tbk's current ROIC % of 29.16% is 224.4% 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 PT Hanjaya Mandalampoerna Tbk and its competitors. For the Tobacco Products industry, the median ROIC % is 8.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Hanjaya Mandalampoerna Tbk's current ROIC % is 29.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hanjaya Mandalampoerna Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hanjaya Mandalampoerna Tbk (FRA:HSZ) is currently considered Fairly Valued. The stock's GF Value™ is €0.03, compared to a current price of €0.03 — trading 8.3% below its estimated fair value. The current ROIC % is 29.16% and 224.4% above the Tobacco Products industry median of 8.99. PT Hanjaya Mandalampoerna Tbk's overall GF Score™ is 90/100 with 5 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 PT Hanjaya Mandalampoerna Tbk (FRA:HSZ), the current ROIC % is 29.16% 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 PT Hanjaya Mandalampoerna Tbk (FRA:HSZ) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hanjaya Mandalampoerna Tbk stock appears to be undervalued. The current stock price of €0.03 is trading 8.3% below its estimated GF Value™ of €0.03. GuruFocus considers PT Hanjaya Mandalampoerna Tbk to be Fairly Valued.

Key valuation signals for FRA:HSZ:

  • ROIC %: 29.16%
  • GF Value™: €0.03 vs. price of €0.03 (8.3% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 224.4% above the Tobacco Products median

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


PT Hanjaya Mandalampoerna Tbk Business Description

Address Jalan Rungkut Industri Raya No. 18, Surabaya, IDN, 60293
PT Hanjaya Mandala Sampoerna Tbk is an Indonesian tobacco company. The company produces a number of brands of cigarettes and is well known, such as Sampoerna A, Sampoerna Kretek, Malboro, Magnum, Dji Sam Soe, and others. The scope of activities of the company comprises, among others manufacturing, trading, and distributing cigarettes. The company's flagship brand is Dji Sam Soe Kretek.
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ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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