PT Suparma Tbk (ISX:SPMA) 3-Year ROIIC % : -51.00% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:SPMA PT Suparma Tbk ISX:SPMA
77 GF Score
Price Rp170.00
GF Value Rp183.72
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is PT Suparma Tbk 3-Year ROIIC %?

PT Suparma Tbk ISX:SPMA 77 3-Year ROIIC % is -51.00 as of Dec. 2025. GuruFocus rates ISX:SPMA with a GF Score™ of 77/100 and a GF Value™ of Rp183.72 (Fairly Valued). The stock has 6 warning signs investors should review. Among 268 Forest Products companies, PT Suparma Tbk ranks worse than 85.07% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. PT Suparma Tbk's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -51.00%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for PT Suparma Tbk's 3-Year ROIIC % or its related term are showing as below:

ISX:SPMA's 3-Year ROIIC % is ranked worse than
85.07% of 268 companies
in the Forest Products industry
Industry Median: -0.705 vs ISX:SPMA: -51.00

PT Suparma Tbk  (ISX:SPMA) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


PT Suparma Tbk 3-Year ROIIC % Related Terms


PT Suparma Tbk 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for PT Suparma Tbk's 3-Year ROIIC % 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 Suparma Tbk 3-Year ROIIC % Chart

PT Suparma Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only 34.66 38.27 0.15 -32.29 -51.00

PT Suparma Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 0.00 0.00 -51.00 0.00

ISX:SPMA vs SLVM: 3-Year ROIIC % Comparison

For the Paper & Paper Products subindustry, PT Suparma Tbk's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 Suparma Tbk 3-Year ROIIC % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Suparma Tbk's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where PT Suparma Tbk's 3-Year ROIIC % falls into.


ISX:SPMA
77GF Score
PT Suparma Tbk ISX:SPMA
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Suparma Tbk 3-Year ROIIC % Calculation

PT Suparma Tbk's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 154880.2909279 (Dec. 2025) - 410043.9434658 (Dec. 2022) )/( 3270475.786 (Dec. 2025) - 2770175.198 (Dec. 2022) )
=-255163.6525379/500300.588
=-51.00%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -51.00 mean?
PT Suparma Tbk (ISX:SPMA) has a 3-Year ROIIC % of -51.00 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on PT Suparma Tbk and its competitors. According to the industry distribution chart, PT Suparma Tbk ranks #228 out of 268 companies in the Forest Products industry, placing it in the top 85.1%.
Is PT Suparma Tbk's 3-Year ROIIC % too high?
PT Suparma Tbk's current 3-Year ROIIC % is -51.00. Based on the distribution chart, PT Suparma Tbk ranks #228 out of 268 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, PT Suparma Tbk has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Suparma Tbk's 3-Year ROIIC % compare to SLVM?
According to the Forest Products industry distribution chart, PT Suparma Tbk ranks #228 out of 268 companies for 3-Year ROIIC %. This places PT Suparma Tbk in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Forest Products company?
A good 3-Year ROIIC % depends on the Forest Products industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on PT Suparma Tbk and its competitors. PT Suparma Tbk's current 3-Year ROIIC % is -51.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Suparma Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Suparma Tbk (ISX:SPMA) is currently considered Fairly Valued. The stock's GF Value™ is Rp183.72, compared to a current price of Rp170.00 — trading 7.5% below its estimated fair value. The current 3-Year ROIIC % is -51.00. PT Suparma Tbk's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For PT Suparma Tbk (ISX:SPMA), the current 3-Year ROIIC % is -51.00 as of Dec. 2025. 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 Suparma Tbk (ISX:SPMA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Suparma Tbk stock appears to be undervalued. The current stock price of Rp170.00 is trading 7.5% below its estimated GF Value™ of Rp183.72. GuruFocus considers PT Suparma Tbk to be Fairly Valued.

Key valuation signals for ISX:SPMA:

  • 3-Year ROIIC %: -51.00
  • GF Value™: Rp183.72 vs. price of Rp170.00 (7.5% below fair value)
  • GF Score™: 77/100 with 6 warning signs

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


PT Suparma Tbk Business Description

Address Jalan Raya Mastrip, No. 856 Warugunung, Karangpilang, East Java, Surabaya, IDN, 60221
PT Suparma Tbk is an Indonesia-based company that manufactures paper and paper products. The group manufactured paper and paper wrapping products for the industrial and consumer sectors. The firm offers Laminated Wrapping Kraft, Samson Kraft, MG Paper, Coated Duplex Board, Bathroom Tissue, Carrier Tissue, Industrial Roll Towel, Kitchen Towel, and Other products. Geographically, the firm generates the majority of its revenue from the local market.
77GF Score

Get the complete analysis for ISX:SPMA

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

Rp170.00
Price
Rp183.72
GF Value