Fiamma Holdings Bhd (XKLS:6939) ROIC %: 5.33% (As of Mar. 2026)


XKLS:6939 Fiamma Holdings Bhd XKLS:6939
73 GF Score
Price RM1.08
GF Value RM1.06
Valuation Fairly Valued
! 6 Warning Signs
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What is Fiamma Holdings Bhd ROIC %?

Fiamma Holdings Bhd XKLS:6939 73 ROIC % is 5.33% as of Mar. 2026. GuruFocus rates XKLS:6939 with a GF Score™ of 73/100 and a GF Value™ of RM1.06 (Fairly Valued). The stock has 6 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 %. Fiamma Holdings Bhd's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 5.33%.

As of today (2026-07-01), Fiamma Holdings Bhd's WACC % is 5.96%. Fiamma Holdings Bhd's ROIC % is 4.50% (calculated using TTM income statement data). Fiamma Holdings Bhd earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Fiamma Holdings Bhd  (XKLS:6939) 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, Fiamma Holdings Bhd's WACC % is 5.96%. Fiamma Holdings Bhd's ROIC % is 4.50% (calculated using TTM income statement data). Fiamma Holdings Bhd 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.


Fiamma Holdings Bhd ROIC % Related Terms


Fiamma Holdings Bhd ROIC % Historical Data

* Premium members only.

The historical data trend for Fiamma Holdings Bhd'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.

Fiamma Holdings Bhd ROIC % Chart

Fiamma Holdings Bhd Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Dec24 Dec25
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.20 6.38 6.75 4.16 4.03

Fiamma Holdings Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 6.87 3.55 4.85 3.85 5.33

XKLS:6939 vs SN, SGI, MHK: ROIC % Comparison

For the Furnishings, Fixtures & Appliances subindustry, Fiamma Holdings Bhd'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.


Fiamma Holdings Bhd ROIC % vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fiamma Holdings Bhd's ROIC % distribution charts can be found below:

* The bar in red indicates where Fiamma Holdings Bhd's ROIC % falls into.


XKLS:6939
73GF Score
Fiamma Holdings Bhd XKLS:6939
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Fiamma Holdings Bhd ROIC % Calculation

Fiamma Holdings Bhd'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 )
=37.628 * ( 1 - 18.41% )/( (769.713 + 753.669)/ 2 )
=30.7006852/761.691
=4.03 %

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))
=1011.637 - 80.899 - ( 161.025 - max(0, 255.553 - 668.967+161.025))
=769.713

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))
=966.935 - 57.524 - ( 155.742 - max(0, 168.011 - 683.238+155.742))
=753.669

Fiamma Holdings Bhd'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 )
=50.656 * ( 1 - 19.86% )/( (753.669 + 768.681)/ 2 )
=40.5957184/761.175
=5.33 %

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))
=966.935 - 57.524 - ( 155.742 - max(0, 168.011 - 683.238+155.742))
=753.669

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))
=1023.074 - 97.6 - ( 156.793 - max(0, 214.383 - 737.339+156.793))
=768.681

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 5.33% mean?
Fiamma Holdings Bhd (XKLS:6939) has a ROIC % of 5.33% 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 Fiamma Holdings Bhd and its competitors.
Is Fiamma Holdings Bhd's ROIC % too high?
Fiamma Holdings Bhd's current ROIC % is 5.33%. The Furnishings, Fixtures & Appliances industry median ROIC % is 3.46. Fiamma Holdings Bhd's value of 5.33% is 54% above this industry median. Overall, Fiamma Holdings Bhd has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fiamma Holdings Bhd's ROIC % compare to SN and SGI?
Fiamma Holdings Bhd's ROIC % of 5.33% can be compared against companies in the Furnishings, Fixtures & Appliances industry. The industry median ROIC % is 3.46. Fiamma Holdings Bhd's value of 5.33% is 54% 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 Furnishings, Fixtures & Appliances company?
The median ROIC % among Furnishings, Fixtures & Appliances companies is 3.46, based on 428 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. Fiamma Holdings Bhd's current ROIC % of 5.33% is 54% 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 Fiamma Holdings Bhd and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROIC % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiamma Holdings Bhd's current ROIC % is 5.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiamma Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fiamma Holdings Bhd (XKLS:6939) is currently considered Fairly Valued. The stock's GF Value™ is RM1.06, compared to a current price of RM1.08 — trading 1.9% above its estimated fair value. The current ROIC % is 5.33% and 54% above the Furnishings, Fixtures & Appliances industry median of 3.46. Fiamma Holdings Bhd's overall GF Score™ is 73/100 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 Fiamma Holdings Bhd (XKLS:6939), the current ROIC % is 5.33% 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 Fiamma Holdings Bhd (XKLS:6939) Overvalued in 2026?

Based on GuruFocus' analysis, Fiamma Holdings Bhd stock appears to be overvalued. The current stock price of RM1.08 is trading 1.9% above its estimated GF Value™ of RM1.06. GuruFocus considers Fiamma Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:6939:

  • ROIC %: 5.33%
  • GF Value™: RM1.06 vs. price of RM1.08 (1.9% above fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 54% above the Furnishings, Fixtures & Appliances median

No single metric tells the full story. See the XKLS:6939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fiamma Holdings Bhd Business Description

Address No. 1, Jalan Naga Emas, Menara Chin Hin, Level 20, 8th & Stellar, Sri Petaling, Kuala Lumpur, SGR, MYS, 57000
Fiamma Holdings Bhd is engaged in investment holding and property investment. The company's segment includes Investment holding and property investment, Property development, and Trading and services. It generates maximum revenue from the Trading and services segment. The Trading and services segment includes the distribution and servicing of electrical home appliances, sanitaryware, kitchen and wardrobe systems, and built-in furniture, other household products, bathroom accessories, medical devices, and healthcare products.
73GF Score

Get the complete analysis for XKLS:6939

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

RM1.08
Price
RM1.06
GF Value