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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. South Manganese Investment's annualized net income for the quarter that ended in Dec. 2025 was HK$-11 Mil. South Manganese Investment's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$2,711 Mil. Therefore, South Manganese Investment's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -0.42%.
The historical rank and industry rank for South Manganese Investment's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:01091'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -26.42 Med: 4.1 Max: 16.22
Current: 6.44
During the past 13 years, South Manganese Investment's highest Return-on-Tangible-Equity was 16.22%. The lowest was -26.42%. And the median was 4.10%.
HKSE:01091's Return-on-Tangible-Equity is ranked better than 77.09% of 2392
companies
in the Metals & Mining industry
Industry Median: -16.34
vs HKSE:01091: 6.44
South Manganese Investment (HKSE:01091) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
South Manganese Investment Return-on-Tangible-Equity Related Terms
South Manganese Investment Return-on-Tangible-Equity Historical Data
* 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.
South Manganese Investment Return-on-Tangible-Equity Chart
South Manganese Investment Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, South Manganese Investment's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
South Manganese Investment Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, South Manganese Investment's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where South Manganese Investment's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -0.42% mean?
South Manganese Investment (HKSE:01091) has a Return-on-Tangible-Equity of -0.42% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on South Manganese Investment and its competitors. According to the industry distribution chart, South Manganese Investment ranks #548 out of 2392 companies in the Metals & Mining industry, placing it in the top 22.9%.
Is South Manganese Investment's Return-on-Tangible-Equity too high?
South Manganese Investment's current Return-on-Tangible-Equity is -0.42%. Based on the distribution chart, South Manganese Investment ranks #548 out of 2392 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, South Manganese Investment has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does South Manganese Investment's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, South Manganese Investment ranks #548 out of 2392 companies for Return-on-Tangible-Equity. This places South Manganese Investment in the top 23% of its industry — outperforming the majority of peers. 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-Equity for a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on South Manganese Investment and its competitors. South Manganese Investment's current Return-on-Tangible-Equity is -0.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Manganese Investment stock overvalued right now?
Based on GuruFocus' analysis, South Manganese Investment (HKSE:01091) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.38 — trading 171.4% above its estimated fair value. The current Return-on-Tangible-Equity is -0.42%. South Manganese Investment's overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For South Manganese Investment (HKSE:01091), the current Return-on-Tangible-Equity is -0.42% as of Dec. 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 South Manganese Investment (HKSE:01091) Overvalued in 2026?
Based on GuruFocus' analysis, South Manganese Investment stock appears to be overvalued.
The current stock price of HK$0.38 is trading 171.4% above its estimated GF Value™ of HK$0.14.
GuruFocus considers South Manganese Investment to be Significantly Overvalued.
Key valuation signals for HKSE:01091:
Return-on-Tangible-Equity: -0.42%
GF Value™: HK$0.14 vs. price of HK$0.38 (171.4% above fair value)
No single metric tells the full story. See the HKSE:01091 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Manganese Investment Ltd is a mining company engaged in manganese mining, ore processing in China and Gabon, and downstream processing operations in the PRC. The company operates in four segments namely Manganese mining which engages in the mining and production of manganese products including mining, beneficiation, concentrating, grinding and the production of manganese concentrates; EMM and alloying materials production segment comprise hydrometallurgical processing and pyrometallurgical processing; Battery materials production segment engages in the production and sale of battery materials products, including Electrolytic Manganese Dioxide; and others business segment includes trading of various commodities such as manganese ore, sales of scraps, and others.
44GF Score
Get the complete analysis for HKSE:01091
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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