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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hudaco Industries's retained earnings for the quarter that ended in May. 2026 was R3,466 Mil.
Hudaco Industries's quarterly retained earnings
increased
from May. 2025 (R3,315 Mil) to Nov. 2025 (R3,513 Mil) but then
declined
from Nov. 2025 (R3,513 Mil) to May. 2026 (R3,466 Mil).
Hudaco Industries's annual retained earnings
increased
from Nov. 2023 (R3,116 Mil) to Nov. 2024 (R3,263 Mil) and
increased
from Nov. 2024 (R3,263 Mil) to Nov. 2025 (R3,513 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Hudaco Industries Retained Earnings Historical Data
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The historical data trend for Hudaco Industries's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Hudaco Industries (JSE:HDC) has a Retained Earnings of R3,466 Mil as of May. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Hudaco Industries and its competitors.
Is Hudaco Industries' Retained Earnings too high?
Hudaco Industries' current Retained Earnings is R3,466 Mil. Overall, Hudaco Industries has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hudaco Industries' Retained Earnings compare to GWW and FAST?
Hudaco Industries' Retained Earnings of R3,466 Mil can be compared against companies in the Industrial Distribution industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Industrial Distribution company?
A good Retained Earnings depends on the Industrial Distribution industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Hudaco Industries and its competitors. Hudaco Industries's current Retained Earnings is R3,466 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hudaco Industries stock overvalued right now?
Based on GuruFocus' analysis, Hudaco Industries (JSE:HDC) is currently considered Fairly Valued. The stock's GF Value™ is R197.81, compared to a current price of R188.11 — trading 4.9% below its estimated fair value. The current Retained Earnings is R3,466 Mil. Hudaco Industries' overall GF Score™ is 88/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Hudaco Industries (JSE:HDC), the current Retained Earnings is R3,466 Mil as of May. 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 Hudaco Industries (JSE:HDC) Overvalued in 2026?
Based on GuruFocus' analysis, Hudaco Industries stock appears to be undervalued.
The current stock price of R188.11 is trading 4.9% below its estimated GF Value™ of R197.81.
GuruFocus considers Hudaco Industries to be Fairly Valued.
Key valuation signals for JSE:HDC:
Retained Earnings: R3,466 Mil
GF Value™: R197.81 vs. price of R188.11 (4.9% below fair value)
No single metric tells the full story. See the JSE:HDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hudaco Industries Ltd is engaged in importing and distributing branded automotive, industrial and electrical consumable products. The company operates in two business segment such as Consumer-related product segment which includes power tools, security equipment, communication equipment, automotive and batteries, and Engineering consumables segment which consist of bearings, diesel engines and spares, and power transmission. It generates maximum revenue from Engineering consumables segment. Geographically, it derives a majority of revenue from South Africa.
88GF Score
Get the complete analysis for JSE:HDC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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