Formul Plastik Ve Metalnayi ASIST:FRMPL -1.63%22 Return-on-Tangible-Equity is 7.67% as of Dec. 2024, which is 52% below its 10-year median of 15.85. GuruFocus rates IST:FRMPL with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 397 Building Materials companies, Formul Plastik Ve Metalnayi AS ranks better than 60.2% 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. Formul Plastik Ve Metalnayi AS's annualized net income for the quarter that ended in Dec. 2024 was ₺160 Mil. Formul Plastik Ve Metalnayi AS's average shareholder tangible equity for the quarter that ended in Dec. 2024 was ₺2,083 Mil. Therefore, Formul Plastik Ve Metalnayi AS's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 7.67%.
The historical rank and industry rank for Formul Plastik Ve Metalnayi AS's Return-on-Tangible-Equity or its related term are showing as below:
IST:FRMPL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.67 Med: 15.85 Max: 17.31
Current: 7.67
During the past 3 years, Formul Plastik Ve Metalnayi AS's highest Return-on-Tangible-Equity was 17.31%. The lowest was 7.67%. And the median was 15.85%.
IST:FRMPL's Return-on-Tangible-Equity is ranked better than 60.2% of 397
companies
in the Building Materials industry
Industry Median: 5.06
vs IST:FRMPL: 7.67
Formul Plastik Ve Metalnayi AS (IST:FRMPL) 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.
Formul Plastik Ve Metalnayi AS Return-on-Tangible-Equity Related Terms
Formul Plastik Ve Metalnayi AS 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.
Formul Plastik Ve Metalnayi AS Return-on-Tangible-Equity Chart
Formul Plastik Ve Metalnayi AS Annual Data
Trend
Dec22
Dec23
Dec24
Return-on-Tangible-Equity
17.31
15.85
7.67
Formul Plastik Ve Metalnayi AS Semi-Annual Data
Dec22
Dec23
Dec24
Return-on-Tangible-Equity
17.31
15.85
7.67
IST:FRMPL vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, Formul Plastik Ve Metalnayi AS'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.
Formul Plastik Ve Metalnayi AS Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Formul Plastik Ve Metalnayi AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Formul Plastik Ve Metalnayi AS'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 one times the annual (Dec. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.67% mean?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a Return-on-Tangible-Equity of 7.67% as of Dec. 2024. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Formul Plastik Ve Metalnayi AS and its competitors. This is 52% below median its historical median of 15.85. Over the past decade, Formul Plastik Ve Metalnayi AS's Return-on-Tangible-Equity has ranged from 7.67 to 17.31. According to the industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #158 out of 397 companies in the Building Materials industry, placing it in the top 39.8%.
Is Formul Plastik Ve Metalnayi AS's Return-on-Tangible-Equity too high?
Formul Plastik Ve Metalnayi AS's current Return-on-Tangible-Equity of 7.67% is 52% below median its 10-year median of 15.85. Over the past 10 years, this metric has ranged from a low of 7.67 to a high of 17.31. The Building Materials industry median Return-on-Tangible-Equity is 5.06. Formul Plastik Ve Metalnayi AS's value of 7.67% is 51.6% above this industry median. Based on the distribution chart, Formul Plastik Ve Metalnayi AS ranks #158 out of 397 companies in the Building Materials industry, which is above the industry midpoint. Overall, Formul Plastik Ve Metalnayi AS has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Formul Plastik Ve Metalnayi AS's Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #158 out of 397 companies for Return-on-Tangible-Equity. This puts Formul Plastik Ve Metalnayi AS in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.06. Formul Plastik Ve Metalnayi AS's value of 7.67% is 51.6% above this benchmark. Historically, Formul Plastik Ve Metalnayi AS's own Return-on-Tangible-Equity has ranged from 7.67 to 17.31 over the past decade. While the company's 10-year median is 15.85 vs. the industry median of 5.06, Formul Plastik Ve Metalnayi AS 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-Equity for a Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.06, based on 397 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. Formul Plastik Ve Metalnayi AS's current Return-on-Tangible-Equity of 7.67% is 51.6% 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-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 Formul Plastik Ve Metalnayi AS and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formul Plastik Ve Metalnayi AS's current Return-on-Tangible-Equity is 7.67%, which is 52% below median its own 10-year median of 15.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formul Plastik Ve Metalnayi AS stock overvalued right now?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a current Return-on-Tangible-Equity of 7.67%. The current Return-on-Tangible-Equity is 7.67%, which is 52% below median its 10-year median of 15.85 and 51.6% above the Building Materials industry median of 5.06. Formul Plastik Ve Metalnayi AS's overall GF Score™ is 22/100 with 1 warning sign 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 Formul Plastik Ve Metalnayi AS (IST:FRMPL), the current Return-on-Tangible-Equity is 7.67% as of Dec. 2024. 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.
Formul Plastik Ve Metalnayi AS Business Description
Formul Plastik Ve Metal Sanayi AS is engaged in manufacturing PP-R pipes and fittings, PVC pipes and fittings, and PE-RT pipes. It also produces brass inserts and fittings. The company operates under the brand names Formul, Aquapa, Foraqua, Aquaplast, and Aquapipe. Geographically, it serves Africa, CIS countries, Far East, Middle East and South America.
22GF Score
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