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. Hospitality Property Fund's annualized net income for the quarter that ended in Sep. 2020 was R-331.75 Mil. Hospitality Property Fund's average shareholder tangible equity for the quarter that ended in Sep. 2020 was R7,590.83 Mil. Therefore, Hospitality Property Fund's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2020 was -4.37%.
The historical rank and industry rank for Hospitality Property Fund's Return-on-Tangible-Equity or its related term are showing as below:
JSE:TSP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -67.23 Med: -0.15 Max: 53.89
Current: -27.98
During the past 11 years, Hospitality Property Fund's highest Return-on-Tangible-Equity was 53.89%. The lowest was -67.23%. And the median was -0.15%.
JSE:TSP's Return-on-Tangible-Equity is not ranked
in the REITs industry.
Industry Median: 6.23
vs JSE:TSP: -27.98
Hospitality Property Fund (JSE:TSP) 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.
Hospitality Property Fund Return-on-Tangible-Equity Related Terms
Hospitality Property Fund Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hospitality Property Fund'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.
Hospitality Property Fund Return-on-Tangible-Equity Chart
JSE:TSP vs HST, PK, APLE: Return-on-Tangible-Equity Comparison
For the REIT - Hotel & Motel subindustry, Hospitality Property Fund'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.
Hospitality Property Fund Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Hospitality Property Fund's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hospitality Property Fund'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 (Sep. 2020) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -4.37% mean?
Hospitality Property Fund (JSE:TSP) has a Return-on-Tangible-Equity of -4.37% as of Sep. 2020. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hospitality Property Fund and its competitors.
Is Hospitality Property Fund's Return-on-Tangible-Equity too high?
Hospitality Property Fund's current Return-on-Tangible-Equity is -4.37%. Overall, Hospitality Property Fund has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Hospitality Property Fund's Return-on-Tangible-Equity compare to HST and PK?
Hospitality Property Fund's Return-on-Tangible-Equity of -4.37% can be compared against companies in the REITs industry. The industry median Return-on-Tangible-Equity is 6.23. 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 REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.23, based on 931 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. 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 Hospitality Property Fund and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hospitality Property Fund's current Return-on-Tangible-Equity is -4.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hospitality Property Fund stock overvalued right now?
Hospitality Property Fund (JSE:TSP) has a current Return-on-Tangible-Equity of -4.37%. The current Return-on-Tangible-Equity is -4.37%. Hospitality Property Fund's overall GF Score™ is 11/100 with 8 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 Hospitality Property Fund (JSE:TSP), the current Return-on-Tangible-Equity is -4.37% as of Sep. 2020. 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.
Hospitality Property Fund Ltd is a specialised real estate investment trust investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries. The company's portfolio caters to a wide-ranging domestic and international market and accommodates various segments including corporate, government, leisure, group conferencing and event business. The properties are well diversified in terms of geographic location and class of hotel, thus mitigating the inherent risks associated within the cyclical nature of the hospitality industry.
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