Hulamin (JSE:HLM) Construction In Progress: R793 Mil (As of Dec. 2025)


JSE:HLM Hulamin Ltd JSE:HLM
57 GF Score
Price R1.64
GF Value R2.94
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Hulamin Construction In Progress?

Hulamin JSE:HLM 57 Construction In Progress is R793 Mil as of Dec. 2025. GuruFocus rates JSE:HLM with a GF Score™ of 57/100 and a GF Value™ of R2.94 (Significantly Undervalued). The stock has 6 warning signs investors should review.

Hulamin's quarterly construction in progress declined from Dec. 2024 (R602 Mil) to Jun. 2025 (R0 Mil) but then increased from Jun. 2025 (R0 Mil) to Dec. 2025 (R793 Mil).

Hulamin's annual construction in progress increased from Dec. 2023 (R175 Mil) to Dec. 2024 (R602 Mil) and increased from Dec. 2024 (R602 Mil) to Dec. 2025 (R793 Mil).

Hulamin Construction In Progress Historical Data

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The historical data trend for Hulamin's Construction In Progress 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.

Hulamin Construction In Progress Chart

Hulamin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 236.21 101.57 175.07 601.66 792.52

Hulamin Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress 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 175.07 0.00 601.66 0.00 792.52
JSE:HLM
57GF Score
Hulamin Ltd JSE:HLM
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Hulamin Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of R793 Mil mean?
Hulamin (JSE:HLM) has a Construction In Progress of R793 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on Hulamin and its competitors.
Is Hulamin's Construction In Progress too high?
Hulamin's current Construction In Progress is R793 Mil. Overall, Hulamin has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hulamin's Construction In Progress compare to CRS and ATI?
Hulamin's Construction In Progress of R793 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Hulamin and its competitors. Hulamin's current Construction In Progress is R793 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hulamin stock overvalued right now?
Based on GuruFocus' analysis, Hulamin (JSE:HLM) is currently considered Significantly Undervalued. The stock's GF Value™ is R2.94, compared to a current price of R1.64 — trading 44.2% below its estimated fair value. The current Construction In Progress is R793 Mil. Hulamin's overall GF Score™ is 57/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Hulamin (JSE:HLM), the current Construction In Progress is R793 Mil 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 Hulamin (JSE:HLM) Overvalued in 2026?

Based on GuruFocus' analysis, Hulamin stock appears to be undervalued. The current stock price of R1.64 is trading 44.2% below its estimated GF Value™ of R2.94. GuruFocus considers Hulamin to be Significantly Undervalued.

Key valuation signals for JSE:HLM:

  • Construction In Progress: R793 Mil
  • GF Value™: R2.94 vs. price of R1.64 (44.2% below fair value)
  • GF Score™: 57/100 with 6 warning signs

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

Hulamin Business Description

Address Moses Mabhida Road, P.O. Box 74, Pietermaritzburg, NL, ZAF, 3200
Hulamin Ltd manufactures and markets rolled and extruded aluminum products. The group is organized into one operating segment, namely Hulamin Rolled Products. Its Hulamin Rolled Product segment comprises the Hulamin Rolled Products, Isizinda Aluminium, and Hulamin Containers businesses, manufactures and supplies fabricated and rolled semi-finished aluminium products as well as aluminium foil containers and related products. Geographically, the group derives maximum revenue from South Africa, followed by Europe, North America, South America, Asia, Australasia, the Middle East, and the Rest of America.
57GF Score

Get the complete analysis for JSE:HLM

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

R1.64
Price
R2.94
GF Value