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ESG Emirates Stallions Group PJSC (ADX:ESG) Return-on-Tangible-Equity

: 8.15% (As of Sep. 2023)
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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. ESG Emirates Stallions Group PJSC's annualized net income for the quarter that ended in Sep. 2023 was د.إ147.4 Mil. ESG Emirates Stallions Group PJSC's average shareholder tangible equity for the quarter that ended in Sep. 2023 was د.إ1,807.7 Mil. Therefore, ESG Emirates Stallions Group PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was 8.15%.

The historical rank and industry rank for ESG Emirates Stallions Group PJSC's Return-on-Tangible-Equity or its related term are showing as below:

ADX:ESG' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.67   Med: 16.01   Max: 53.77
Current: 53.77

During the past 3 years, ESG Emirates Stallions Group PJSC's highest Return-on-Tangible-Equity was 53.77%. The lowest was 6.67%. And the median was 16.01%.

ADX:ESG's Return-on-Tangible-Equity is ranked better than
89.66% of 1586 companies
in the Construction industry
Industry Median: 7.38 vs ADX:ESG: 53.77

ESG Emirates Stallions Group PJSC Return-on-Tangible-Equity Historical Data

The historical data trend for ESG Emirates Stallions Group PJSC's Return-on-Tangible-Equity 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.

* Premium members only.

ESG Emirates Stallions Group PJSC Annual Data
Trend Dec20 Dec21 Dec22
Return-on-Tangible-Equity
6.67 16.01 25.22

ESG Emirates Stallions Group PJSC Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23
Return-on-Tangible-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.36 22.45 34.11 184.32 8.15

Competitive Comparison

For the Engineering & Construction subindustry, ESG Emirates Stallions Group PJSC's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


ESG Emirates Stallions Group PJSC Return-on-Tangible-Equity Distribution

For the Construction industry and Industrials sector, ESG Emirates Stallions Group PJSC's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where ESG Emirates Stallions Group PJSC's Return-on-Tangible-Equity falls into.



ESG Emirates Stallions Group PJSC Return-on-Tangible-Equity Calculation

ESG Emirates Stallions Group PJSC's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=148.207/( (491.634+683.647 )/ 2 )
=148.207/587.6405
=25.22 %

ESG Emirates Stallions Group PJSC's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=147.352/( (1788.148+1827.205)/ 2 )
=147.352/1807.6765
=8.15 %

* 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 annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


ESG Emirates Stallions Group PJSC  (ADX:ESG) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


ESG Emirates Stallions Group PJSC Return-on-Tangible-Equity Related Terms

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ESG Emirates Stallions Group PJSC (ADX:ESG) Business Description

Traded in Other Exchanges
N/A
Address
Emirates Stallions Group, The Royal Group Building, PO Box 63811, 5th Floor, Abu Dhabi, ARE
ESG Emirates Stallions Group PJSC main activities are buying, selling, and dividing plots and real estates, management and leasing of real estate and developing real estate, management services of companies and private institutions, performing technical, commercial, and contracting services. The operating segments of company are Contracting & consultancy, Landscaping & Business process/manpower outsourcing.

ESG Emirates Stallions Group PJSC (ADX:ESG) Headlines