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Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments.
Hai Kwang Enterprise's 3-Year RORE % for the quarter that ended in Dec. 2025 was 834.65%.
The industry rank for Hai Kwang Enterprise's 3-Year RORE % or its related term are showing as below:
TPE:2038's 3-Year RORE % is ranked better than 98.32% of 596
companies
in the Steel industry
Industry Median: -0.39
vs TPE:2038: 834.65
Hai Kwang Enterprise (TPE:2038) 3-Year RORE % Explanation
Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.
There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.
Be Aware
Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.
Hai Kwang Enterprise 3-Year RORE % Related Terms
Hai Kwang Enterprise 3-Year RORE % Historical Data
* Premium members only.
The historical data trend for Hai Kwang Enterprise's 3-Year RORE % 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.
TPE:2038 vs NUE, STLD, RS: 3-Year RORE % Comparison
For the Steel subindustry, Hai Kwang Enterprise's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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.
Hai Kwang Enterprise 3-Year RORE % vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's 3-Year RORE % distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's 3-Year RORE % falls into.
* 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.
In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2025 and 3-year before.
Hai Kwang Enterprise (TPE:2038) has a 3-Year RORE % of 834.65 as of Dec. 2025. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Hai Kwang Enterprise and its competitors. According to the industry distribution chart, Hai Kwang Enterprise ranks #10 out of 596 companies in the Steel industry, placing it in the top 1.7%.
Is Hai Kwang Enterprise's 3-Year RORE % too high?
Hai Kwang Enterprise's current 3-Year RORE % is 834.65. Based on the distribution chart, Hai Kwang Enterprise ranks #10 out of 596 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Hai Kwang Enterprise has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's 3-Year RORE % compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #10 out of 596 companies for 3-Year RORE %. This places Hai Kwang Enterprise in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a Steel company?
A good 3-Year RORE % depends on the Steel industry context. However, 3-Year RORE % 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 RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Hai Kwang Enterprise and its competitors. Hai Kwang Enterprise's current 3-Year RORE % is 834.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.07, compared to a current price of NT$12.65 — trading 16.1% below its estimated fair value. The current 3-Year RORE % is 834.65. Hai Kwang Enterprise's overall GF Score™ is 67/100 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 RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Hai Kwang Enterprise (TPE:2038), the current 3-Year RORE % is 834.65 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$12.65 is trading 16.1% below its estimated GF Value™ of NT$15.07.
GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.
Key valuation signals for TPE:2038:
3-Year RORE %: 834.65
GF Value™: NT$15.07 vs. price of NT$12.65 (16.1% below fair value)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
67GF Score
Get the complete analysis for TPE:2038
3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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