Honeywell Flour Mills (NSA:HFM) EBIT: ₦25,840 Mil (TTM As of Mar. 2025)


NSA:HFM Honeywell Flour Mills PLC NSA:HFM
70 GF Score
Price ₦15.85
GF Value ₦10.20
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Honeywell Flour Mills EBIT?

Honeywell Flour Mills NSA:HFM -4.52% 70 EBIT is ₦25,840 Mil as of Mar. 2025. GuruFocus rates NSA:HFM with a GF Score™ of 70/100 and a GF Value™ of ₦10.20 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Honeywell Flour Mills's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2025 was ₦25,840 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2025 was ₦25,840 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Honeywell Flour Mills's annualized ROC % for the quarter that ended in Mar. 2025 was 16.29%. Honeywell Flour Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 33.73%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Honeywell Flour Mills's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 17.43%.

Honeywell Flour Mills  (NSA:HFM) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Honeywell Flour Mills's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=26033.386 * ( 1 - 31.18% )/( (120498.493 + 99427.861)/ 2 )
=17916.1762452/109963.177
=16.29 %

where

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=148965.948 - 50111.728 - ( 5070.052 - max(0, 88779.107 - 67134.834+5070.052))
=120498.493

Invested Capital(Q: Mar. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=167446.235 - 75142.829 - ( 5264.55 - max(0, 99884.282 - 92759.827+5264.55))
=99427.861

Note: The Operating Income data used here is one times the annual (Mar. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Honeywell Flour Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=25840.342/( ( (81738.952 + max(-21931.082, 0)) + (71496.607 + max(-5660.563, 0)) )/ 2 )
=25840.342/( ( 81738.952 + 71496.607 )/ 2 )
=25840.342/76617.7795
=33.73 %

where Working Capital is:

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2370.164 + 52497.009 + 7167.088) - (50111.728 + 0 + 33853.615)
=-21931.082

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(27507.176 + 48124.593 + 11809.103) - (75142.829 + 0 + 17958.606)
=-5660.563

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Mar. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Honeywell Flour Mills's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2025 )
=25840.342/148265.361
=17.43 %

* 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 EBIT Related Terms

Honeywell Flour Mills EBIT Historical Data

* Premium members only.

The historical data trend for Honeywell Flour Mills's EBIT 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.

Honeywell Flour Mills EBIT Chart

Honeywell Flour Mills Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,646.05 5,315.07 1,154.72 3,403.70 25,840.34

Honeywell Flour Mills Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
EBIT 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 7,646.05 5,315.07 1,154.72 3,403.70 25,840.34

NSA:HFM vs KHC, GIS, JBS: EBIT Comparison

For the Packaged Foods subindustry, Honeywell Flour Mills's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Honeywell Flour Mills's EV-to-EBIT falls into.


NSA:HFM
70GF Score
Honeywell Flour Mills PLC NSA:HFM
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Honeywell Flour Mills EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was ₦25,840 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₦25,840 Mil mean?
Honeywell Flour Mills (NSA:HFM) has a EBIT of ₦25,840 Mil as of Mar. 2025. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Honeywell Flour Mills.
Is Honeywell Flour Mills' EBIT too high?
Honeywell Flour Mills' current EBIT is ₦25,840 Mil. Overall, Honeywell Flour Mills has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' EBIT compare to KHC and GIS?
Honeywell Flour Mills' EBIT of ₦25,840 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Consumer Packaged Goods company?
A good EBIT depends on the Consumer Packaged Goods industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Honeywell Flour Mills. Honeywell Flour Mills's current EBIT is ₦25,840 Mil. 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 ₦10.20, compared to a current price of ₦15.85 — trading 55.4% above its estimated fair value. The current EBIT is ₦25,840 Mil. Honeywell Flour Mills' overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Honeywell Flour Mills (NSA:HFM), the current EBIT is ₦25,840 Mil 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 ₦15.85 is trading 55.4% above its estimated GF Value™ of ₦10.20. GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.

Key valuation signals for NSA:HFM:

  • EBIT: ₦25,840 Mil
  • GF Value™: ₦10.20 vs. price of ₦15.85 (55.4% above fair value)
  • GF Score™: 70/100 with 2 warning signs

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 Business Description

Address Wharf road, No. 1 Golden penny place, Apapa, Lagos, NGA
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.
70GF Score

Get the complete analysis for NSA:HFM

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

₦15.85
Price
₦10.20
GF Value