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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Honeywell Flour Mills's intangible assets for the quarter that ended in Mar. 2025 was ₦38 Mil.
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Honeywell Flour Mills Intangible Assets Related Terms
Honeywell Flour Mills Intangible Assets Historical Data
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The historical data trend for Honeywell Flour Mills's Intangible Assets 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.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Honeywell Flour Mills (NSA:HFM) has a Intangible Assets of ₦38 Mil as of Mar. 2025. Intangible assets include patents, goodwill and trade secrets. View historical data on Honeywell Flour Mills and its competitors.
Is Honeywell Flour Mills' Intangible Assets too high?
Honeywell Flour Mills' current Intangible Assets is ₦38 Mil. 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' Intangible Assets compare to KHC and GIS?
Honeywell Flour Mills' Intangible Assets of ₦38 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 Intangible Assets for a Consumer Packaged Goods company?
A good Intangible Assets depends on the Consumer Packaged Goods industry context. However, Intangible Assets 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 Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Honeywell Flour Mills and its competitors. Honeywell Flour Mills's current Intangible Assets is ₦38 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 ₦10.55, compared to a current price of ₦17.20 — trading 63% above its estimated fair value. The current Intangible Assets is ₦38 Mil. 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 Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Honeywell Flour Mills (NSA:HFM), the current Intangible Assets is ₦38 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 ₦17.20 is trading 63% above its estimated GF Value™ of ₦10.55.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
Intangible Assets: ₦38 Mil
GF Value™: ₦10.55 vs. price of ₦17.20 (63% above fair value)
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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Intangible Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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