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Honeywell Flour MillsNSA:HFM 72 Equity-to-Asset is 0.25 as of Mar. 2026, which is 29% below its 10-year median of 0.35. GuruFocus rates NSA:HFM with a GF Score™ of 72/100 and a GF Value™ of ₦10.48 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,013 Consumer Packaged Goods companies, Honeywell Flour Mills ranks worse than 86.84% on this metric.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Honeywell Flour Mills Equity-to-Asset Related Terms
Honeywell Flour Mills Equity-to-Asset Historical Data
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The historical data trend for Honeywell Flour Mills's Equity-to-Asset 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, MKC: Equity-to-Asset Comparison
For the Packaged Foods subindustry, Honeywell Flour Mills's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Honeywell Flour Mills's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Honeywell Flour Mills's Equity to Asset Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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 Equity-to-Asset of 0.25 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Honeywell Flour Mills and its competitors. This is 29% below median its historical median of 0.35. Over the past decade, Honeywell Flour Mills' Equity-to-Asset has ranged from 0.15 to 0.46. According to the industry distribution chart, Honeywell Flour Mills ranks #1748 out of 2013 companies in the Consumer Packaged Goods industry, placing it in the top 86.8%.
Is Honeywell Flour Mills' Equity-to-Asset too high?
Honeywell Flour Mills' current Equity-to-Asset of 0.25 is 29% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.46. The Consumer Packaged Goods industry median Equity-to-Asset is 0.55. Honeywell Flour Mills' value of 0.25 is 54.5% below this industry median. Based on the distribution chart, Honeywell Flour Mills ranks #1748 out of 2013 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Honeywell Flour Mills has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' Equity-to-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Honeywell Flour Mills ranks #1748 out of 2013 companies for Equity-to-Asset. This places Honeywell Flour Mills in the lower half of its industry. The industry median Equity-to-Asset is 0.55. Honeywell Flour Mills' value of 0.25 is 54.5% below this benchmark. Historically, Honeywell Flour Mills' own Equity-to-Asset has ranged from 0.15 to 0.46 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.55, Honeywell Flour Mills has consistently been below 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 Equity-to-Asset for a Consumer Packaged Goods company?
The median Equity-to-Asset among Consumer Packaged Goods companies is 0.55, based on 2,013 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honeywell Flour Mills's current Equity-to-Asset of 0.25 is 54.5% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Honeywell Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median Equity-to-Asset is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Flour Mills's current Equity-to-Asset is 0.25, which is 29% below median its own 10-year median of 0.35. 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 ₦10.48, compared to a current price of ₦16.80 — trading 60.3% above its estimated fair value. The current Equity-to-Asset is 0.25, which is 29% below median its 10-year median of 0.35 and 54.5% below the Consumer Packaged Goods industry median of 0.55. Honeywell Flour Mills' overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Honeywell Flour Mills (NSA:HFM), the current Equity-to-Asset is 0.25 as of Mar. 2026. 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 ₦16.80 is trading 60.3% above its estimated GF Value™ of ₦10.48.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
Equity-to-Asset: 0.25 (29% below median its 10-year median of 0.35)
GF Value™: ₦10.48 vs. price of ₦16.80 (60.3% above fair value)
Industry Position: 54.5% below the Consumer Packaged Goods median (#1748 of 2013)
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.
72GF Score
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