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HulaminJSE:HLM 62 Return-on-Tangible-Asset is 6.06% as of Jun. 2026, which is 51% above its 10-year median of 4.01. GuruFocus rates JSE:HLM with a GF Score™ of 62/100 and a GF Value™ of R2.77 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 3,080 Industrial Products companies, Hulamin ranks worse than 64.19% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Hulamin's annualizedNet Income for the quarter that ended in Jun. 2026 was R468 Mil. Hulamin's average total tangible assets for the quarter that ended in Jun. 2026 was R7,719 Mil. Therefore, Hulamin's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.06%.
The historical rank and industry rank for Hulamin's Return-on-Tangible-Asset or its related term are showing as below:
JSE:HLM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -22.55 Med: 4.01 Max: 11.46
Current: 1.45
During the past 13 years, Hulamin's highest Return-on-Tangible-Asset was 11.46%. The lowest was -22.55%. And the median was 4.01%.
JSE:HLM's Return-on-Tangible-Asset is ranked worse than 64.19% of 3080
companies
in the Industrial Products industry
Industry Median: 3.355
vs JSE:HLM: 1.45
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Hulamin Return-on-Tangible-Asset Related Terms
Hulamin Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hulamin's Return-on-Tangible-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.
JSE:HLM vs CRS, ATI, MLI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Hulamin's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
Hulamin Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hulamin's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hulamin's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.06% mean?
Hulamin (JSE:HLM) has a Return-on-Tangible-Asset of 6.06% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hulamin and its competitors. This is 51% above median its historical median of 4.01. According to the industry distribution chart, Hulamin ranks #1977 out of 3080 companies in the Industrial Products industry, placing it in the top 64.2%.
Is Hulamin's Return-on-Tangible-Asset too high?
Hulamin's current Return-on-Tangible-Asset of 6.06% is 51% above median its 10-year median of 4.01. The Industrial Products industry median Return-on-Tangible-Asset is 3.36. Hulamin's value of 6.06% is 80.6% above this industry median. Based on the distribution chart, Hulamin ranks #1977 out of 3080 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Hulamin has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hulamin's Return-on-Tangible-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Hulamin ranks #1977 out of 3080 companies for Return-on-Tangible-Asset. This places Hulamin in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.36. Hulamin's value of 6.06% is 80.6% above this benchmark. While the company's 10-year median is 4.01 vs. the industry median of 3.36, Hulamin 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 Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.36, based on 3,080 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hulamin's current Return-on-Tangible-Asset of 6.06% is 80.6% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Hulamin and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hulamin's current Return-on-Tangible-Asset is 6.06%, which is 51% above median its own 10-year median of 4.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hulamin stock overvalued right now?
Based on GuruFocus' analysis, Hulamin (JSE:HLM) is currently considered Modestly Undervalued. The stock's GF Value™ is R2.77, compared to a current price of R2.12 — trading 23.5% below its estimated fair value. The current Return-on-Tangible-Asset is 6.06%, which is 51% above median its 10-year median of 4.01 and 80.6% above the Industrial Products industry median of 3.36. Hulamin's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Hulamin (JSE:HLM), the current Return-on-Tangible-Asset is 6.06% as of Jun. 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 Hulamin (JSE:HLM) Overvalued in 2026?
Based on GuruFocus' analysis, Hulamin stock appears to be undervalued.
The current stock price of R2.12 is trading 23.5% below its estimated GF Value™ of R2.77.
GuruFocus considers Hulamin to be Modestly Undervalued.
Key valuation signals for JSE:HLM:
Return-on-Tangible-Asset: 6.06% (51% above median its 10-year median of 4.01)
GF Value™: R2.77 vs. price of R2.12 (23.5% below fair value)
Industry Position: 80.6% above the Industrial Products median (#1977 of 3080)
No single metric tells the full story. See the JSE:HLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hulamin Ltd manufactures and markets rolled and extruded aluminum products. The group is organized into one operating segment, namely Hulamin Rolled Products. Its Hulamin Rolled Product segment comprises the Hulamin Rolled Products, Isizinda Aluminium, and Hulamin Containers businesses, manufactures and supplies fabricated and rolled semi-finished aluminium products as well as aluminium foil containers and related products. Geographically, the group derives maximum revenue from South Africa, followed by Europe, North America, South America, Asia, Australasia, the Middle East, and the Rest of America.
62GF Score
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