PT Siantar Top Tbk (ISX:STTP) ROIC %: 38.71% (As of Mar. 2026)


ISX:STTP PT Siantar Top Tbk ISX:STTP
95 GF Score
Price Rp9,475.00
GF Value Rp10,869.06
Valuation Modestly Undervalued
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What is PT Siantar Top Tbk ROIC %?

PT Siantar Top Tbk ISX:STTP 95 ROIC % is 38.71% as of Mar. 2026. GuruFocus rates ISX:STTP with a GF Score™ of 95/100 and a GF Value™ of Rp10,869.06 (Modestly Undervalued).

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 Siantar Top Tbk's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 38.71%.

As of today (2026-06-26), PT Siantar Top Tbk's WACC % is 8.54%. PT Siantar Top Tbk's ROIC % is 37.24% (calculated using TTM income statement data). PT Siantar Top 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 Siantar Top Tbk  (ISX:STTP) 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 Siantar Top Tbk's WACC % is 8.54%. PT Siantar Top Tbk's ROIC % is 37.24% (calculated using TTM income statement data). PT Siantar Top 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 Siantar Top Tbk ROIC % Related Terms


PT Siantar Top Tbk ROIC % Historical Data

* Premium members only.

The historical data trend for PT Siantar Top 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 Siantar Top Tbk ROIC % Chart

PT Siantar Top 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 24.75 24.18 33.56 38.07 37.56

PT Siantar Top 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 37.85 33.86 40.61 35.69 38.71

ISX:STTP vs KHC, GIS: ROIC % Comparison

For the Packaged Foods subindustry, PT Siantar Top 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 Siantar Top Tbk ROIC % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Siantar Top Tbk's ROIC % distribution charts can be found below:

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


ISX:STTP
95GF Score
PT Siantar Top Tbk ISX:STTP
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Siantar Top Tbk ROIC % Calculation

PT Siantar Top 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 )
=1147612.128 * ( 1 - 16.95% )/( (2535861.134 + 2538831.589)/ 2 )
=953091.872304/2537346.3615
=37.56 %

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))
=6762107.189 - 431812.3 - ( 3794433.755 - max(0, 501673.607 - 4753072.419+3794433.755))
=2535861.134

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))
=8007696.949 - 480835.361 - ( 4988029.999 - max(0, 556276.878 - 6053192.075+4988029.999))
=2538831.589

PT Siantar Top 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 )
=1168994.116 * ( 1 - 17.03% )/( (2538831.589 + 2472354.861)/ 2 )
=969914.4180452/2505593.225
=38.71 %

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))
=8007696.949 - 480835.361 - ( 4988029.999 - max(0, 556276.878 - 6053192.075+4988029.999))
=2538831.589

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))
=8179602.4 - 447892.447 - ( 5259355.092 - max(0, 493808.255 - 6233203.183+5259355.092))
=2472354.861

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 38.71% mean?
PT Siantar Top Tbk (ISX:STTP) has a ROIC % of 38.71% 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 Siantar Top Tbk and its competitors.
Is PT Siantar Top Tbk's ROIC % too high?
PT Siantar Top Tbk's current ROIC % is 38.71%. The Consumer Packaged Goods industry median ROIC % is 5.14. PT Siantar Top Tbk's value of 38.71% is 653.1% above this industry median. Overall, PT Siantar Top Tbk has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Siantar Top Tbk's ROIC % compare to KHC and GIS?
PT Siantar Top Tbk's ROIC % of 38.71% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROIC % is 5.14. PT Siantar Top Tbk's value of 38.71% is 653.1% 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 Consumer Packaged Goods company?
The median ROIC % among Consumer Packaged Goods companies is 5.14, based on 1,948 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 Siantar Top Tbk's current ROIC % of 38.71% is 653.1% 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 Siantar Top Tbk and its competitors. For the Consumer Packaged Goods industry, the median ROIC % is 5.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Siantar Top Tbk's current ROIC % is 38.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Siantar Top Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Siantar Top Tbk (ISX:STTP) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp10,869.06, compared to a current price of Rp9,475.00 — trading 12.8% below its estimated fair value. The current ROIC % is 38.71% and 653.1% above the Consumer Packaged Goods industry median of 5.14. PT Siantar Top Tbk's overall GF Score™ is 95/100. 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 Siantar Top Tbk (ISX:STTP), the current ROIC % is 38.71% 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 Siantar Top Tbk (ISX:STTP) Overvalued in 2026?

Based on GuruFocus' analysis, PT Siantar Top Tbk stock appears to be undervalued. The current stock price of Rp9,475.00 is trading 12.8% below its estimated GF Value™ of Rp10,869.06. GuruFocus considers PT Siantar Top Tbk to be Modestly Undervalued.

Key valuation signals for ISX:STTP:

  • ROIC %: 38.71%
  • GF Value™: Rp10,869.06 vs. price of Rp9,475.00 (12.8% below fair value)
  • GF Score™: 95/100
  • Industry Position: 653.1% above the Consumer Packaged Goods median

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


PT Siantar Top Tbk Business Description

Address Jalan Tambak Sawah No. 21-23, Waru, Sidoarjo, IDN, 61256
PT Siantar Top Tbk is a snack manufacturing company. The company is principally engaged in the manufacturing of snacks such as crackers, noodles, candies, biscuits, and wafers. The company has two operating segments include the food processing segment, from the sales of rice, crackers, biscuits, wafers, and candy, and other segments that arise from the sales of flour and seasoning. The majority of the revenue is made from the food processing segment. The company operates in three key geographic locations of food processing in Sidoarjo, Medan and Bekasi.
95GF Score

Get the complete analysis for ISX:STTP

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

Rp9,475.00
Price
Rp10,869.06
GF Value