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Honeywell Flour MillsNSA:HFM +3.36%68 Debt-to-Equity is 0.74 as of Mar. 2025, which is 28% below its 10-year median of 1.03. GuruFocus rates NSA:HFM with a GF Score™ of 68/100 and a GF Value™ of ₦10.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,747 Consumer Packaged Goods companies, Honeywell Flour Mills ranks worse than 68.12% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Honeywell Flour Mills's Debt-to-Equity or its related term are showing as below:
NSA:HFM'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.03 Max: 3.14
Current: 0.74
During the past 13 years, the highest Debt-to-Equity Ratio of Honeywell Flour Mills was 3.14. The lowest was 0.74. And the median was 1.03.
NSA:HFM's Debt-to-Equity is ranked worse than 68.12% of 1747
companies
in the Consumer Packaged Goods industry
Industry Median: 0.41
vs NSA:HFM: 0.74
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Honeywell Flour Mills Debt-to-Equity Related Terms
Honeywell Flour Mills Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Honeywell Flour Mills's Debt-to-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.
NSA:HFM vs KHC, GIS, HRL: Debt-to-Equity Comparison
For the Packaged Foods subindustry, Honeywell Flour Mills's Debt-to-Equity, along with its competitors' market caps and Debt-to-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.
Honeywell Flour Mills Debt-to-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Honeywell Flour Mills's Debt-to-Equity 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.
Honeywell Flour Mills (NSA:HFM) has a Debt-to-Equity of 0.74 as of Mar. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Honeywell Flour Mills and its competitors. This is 28% below median its historical median of 1.03. Over the past decade, Honeywell Flour Mills' Debt-to-Equity has ranged from 0.74 to 3.14. According to the industry distribution chart, Honeywell Flour Mills ranks #1190 out of 1747 companies in the Consumer Packaged Goods industry, placing it in the top 68.1%.
Is Honeywell Flour Mills' Debt-to-Equity too high?
Honeywell Flour Mills' current Debt-to-Equity of 0.74 is 28% below median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 3.14. The Consumer Packaged Goods industry median Debt-to-Equity is 0.41. Honeywell Flour Mills' value of 0.74 is 80.5% above this industry median. Based on the distribution chart, Honeywell Flour Mills ranks #1190 out of 1747 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Honeywell Flour Mills has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' Debt-to-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Honeywell Flour Mills ranks #1190 out of 1747 companies for Debt-to-Equity. This places Honeywell Flour Mills in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Honeywell Flour Mills' value of 0.74 is 80.5% above this benchmark. Historically, Honeywell Flour Mills' own Debt-to-Equity has ranged from 0.74 to 3.14 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 0.41, Honeywell Flour Mills has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Consumer Packaged Goods company?
The median Debt-to-Equity among Consumer Packaged Goods companies is 0.41, based on 1,747 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honeywell Flour Mills's current Debt-to-Equity of 0.74 is 80.5% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Honeywell Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Flour Mills's current Debt-to-Equity is 0.74, which is 28% below median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Flour Mills stock overvalued right now?
Based on GuruFocus' analysis, Honeywell Flour Mills (NSA:HFM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦10.46, compared to a current price of ₦16.90 — trading 61.6% above its estimated fair value. The current Debt-to-Equity is 0.74, which is 28% below median its 10-year median of 1.03 and 80.5% above the Consumer Packaged Goods industry median of 0.41. Honeywell Flour Mills' overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Honeywell Flour Mills (NSA:HFM), the current Debt-to-Equity is 0.74 as of Mar. 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 Honeywell Flour Mills (NSA:HFM) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell Flour Mills stock appears to be overvalued.
The current stock price of ₦16.90 is trading 61.6% above its estimated GF Value™ of ₦10.46.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
Debt-to-Equity: 0.74 (28% below median its 10-year median of 1.03)
GF Value™: ₦10.46 vs. price of ₦16.90 (61.6% above fair value)
Industry Position: 80.5% above the Consumer Packaged Goods median (#1190 of 1747)
No single metric tells the full story. See the NSA:HFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell Flour Mills PLC is a Nigerian food manufacturing company specializing in the production and marketing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. It distributes products across Nigeria through an extensive logistics and retail network. Honeywell Flour Mills is ISO-certified and part of the Flour Mills of Nigeria Plc group, benefiting from group synergies in a closely regulated sector. The Company's business reportable segments are identified by the factories located at Apapa, and Sagamu. The Apapa segment manufactures Flour, Semo and Wheat meal while Sagamu segments manufacture Noodles and Pasta. The Apapa generates the maximum revenue for the company.
68GF Score
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