Folangsi Co (HKSE:02499) Return-on-Tangible-Equity: 5.33% (As of Dec. 2025) — 26% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02499 Folangsi Co Ltd HKSE:02499
37 GF Score
Price HK$5.85
! 10 Warning Signs
View Full Analysis

What is Folangsi Co Return-on-Tangible-Equity?

Folangsi Co HKSE:02499 +0.17% 37 Return-on-Tangible-Equity is 5.33% as of Dec. 2025, which is 26% below its 10-year median of 7.17. GuruFocus rates HKSE:02499 with a GF Score™ of 37/100. The stock has 10 warning signs investors should review. Among 199 Farm & Heavy Construction Machinery companies, Folangsi Co ranks worse than 58.29% on this metric.

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. Folangsi Co's annualized net income for the quarter that ended in Dec. 2025 was HK$71 Mil. Folangsi Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was HK$1,323 Mil. Therefore, Folangsi Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 5.33%.

The historical rank and industry rank for Folangsi Co's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:02499' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.16   Med: 7.17   Max: 9.12
Current: 7

During the past 6 years, Folangsi Co's highest Return-on-Tangible-Equity was 9.12%. The lowest was 3.16%. And the median was 7.17%.

HKSE:02499's Return-on-Tangible-Equity is ranked worse than
58.29% of 199 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 9.26 vs HKSE:02499: 7.00

Folangsi Co  (HKSE:02499) 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.


Folangsi Co Return-on-Tangible-Equity Related Terms


Folangsi Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Folangsi Co's Return-on-Tangible-Equity 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.

Folangsi Co Return-on-Tangible-Equity Chart

Folangsi Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial 7.27 3.86 3.16 9.12 7.07

Folangsi Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only 3.83 7.73 10.63 8.74 5.33

HKSE:02499 vs CAT, DE, PCAR: Return-on-Tangible-Equity Comparison

For the Farm & Heavy Construction Machinery subindustry, Folangsi Co'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.


Folangsi Co Return-on-Tangible-Equity vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Folangsi Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Folangsi Co's Return-on-Tangible-Equity falls into.


HKSE:02499
37GF Score
Folangsi Co Ltd HKSE:02499
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Folangsi Co Return-on-Tangible-Equity Calculation

Folangsi Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=90.822/( (1219.319+1349.884 )/ 2 )
=90.822/1284.6015
=7.07 %

Folangsi Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Jun. 2025 )(Q: Dec. 2025 )
=70.532/( (1296.437+1349.884)/ 2 )
=70.532/1323.1605
=5.33 %

* 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 5.33% mean?
Folangsi Co (HKSE:02499) has a Return-on-Tangible-Equity of 5.33% 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 Folangsi Co and its competitors. This is 26% below median its historical median of 7.17. Over the past decade, Folangsi Co's Return-on-Tangible-Equity has ranged from 3.16 to 9.12. According to the industry distribution chart, Folangsi Co ranks #116 out of 199 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 58.3%.
Is Folangsi Co's Return-on-Tangible-Equity too high?
Folangsi Co's current Return-on-Tangible-Equity of 5.33% is 26% below median its 10-year median of 7.17. Over the past 10 years, this metric has ranged from a low of 3.16 to a high of 9.12. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Equity is 9.26. Folangsi Co's value of 5.33% is 42.4% below this industry median. Based on the distribution chart, Folangsi Co ranks #116 out of 199 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Folangsi Co has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Folangsi Co's Return-on-Tangible-Equity compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Folangsi Co ranks #116 out of 199 companies for Return-on-Tangible-Equity. This places Folangsi Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.26. Folangsi Co's value of 5.33% is 42.4% below this benchmark. Historically, Folangsi Co's own Return-on-Tangible-Equity has ranged from 3.16 to 9.12 over the past decade. While the company's 10-year median is 7.17 vs. the industry median of 9.26, Folangsi Co 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 Return-on-Tangible-Equity for a Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Equity among Farm & Heavy Construction Machinery companies is 9.26, based on 199 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Folangsi Co's current Return-on-Tangible-Equity of 5.33% is 42.4% 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 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 Folangsi Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Equity is 9.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Folangsi Co's current Return-on-Tangible-Equity is 5.33%, which is 26% below median its own 10-year median of 7.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Folangsi Co stock overvalued right now?
Folangsi Co (HKSE:02499) has a current Return-on-Tangible-Equity of 5.33%. The current Return-on-Tangible-Equity is 5.33%, which is 26% below median its 10-year median of 7.17 and 42.4% below the Farm & Heavy Construction Machinery industry median of 9.26. Folangsi Co's overall GF Score™ is 37/100 with 10 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 Folangsi Co (HKSE:02499), the current Return-on-Tangible-Equity is 5.33% 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.

Folangsi Co Business Description

Address No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440
Folangsi Co Ltd is engaged in the provision of intralogistics equipment subscription services (including leases of equipment), provision of maintenance and repair services and sale of intralogistics equipment and parts. Its segments include Intralogistics equipment subscription services; Maintenance and repair services; and Sales of intralogistics equipment and parts. The company generates majority of its revenue from Intralogistics equipment subscription services, where it charges customers fees based on the duration used relevant intralogistics equipment.
37GF Score

Get the complete analysis for HKSE:02499

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$5.85
Price