Slovnaft ASLTS:0MZI 8 Return-on-Tangible-Equity is 2.77% as of Dec. 2019, which is 11% below its 10-year median of 3.10. GuruFocus rates LTS:0MZI with a GF Score™ of 8/100. The stock has 5 warning signs investors should review.
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. Slovnaft AS's annualized net income for the quarter that ended in Dec. 2019 was €44.20 Mil. Slovnaft AS's average shareholder tangible equity for the quarter that ended in Dec. 2019 was €1,596.87 Mil. Therefore, Slovnaft AS's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2019 was 2.77%.
The historical rank and industry rank for Slovnaft AS's Return-on-Tangible-Equity or its related term are showing as below:
LTS:0MZI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.84 Med: 3.1 Max: 15.7
Current: 2.12
During the past 13 years, Slovnaft AS's highest Return-on-Tangible-Equity was 15.70%. The lowest was -5.84%. And the median was 3.10%.
LTS:0MZI's Return-on-Tangible-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 6.77
vs LTS:0MZI: 2.12
Slovnaft AS (LTS:0MZI) 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.
Slovnaft AS Return-on-Tangible-Equity Related Terms
Slovnaft AS Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Slovnaft AS'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.
LTS:0MZI vs NGL, INT, SUN: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Slovnaft 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.
Slovnaft AS Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Slovnaft AS's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Slovnaft 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 two times the semi-annual (Dec. 2019) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 2.77% mean?
Slovnaft AS (LTS:0MZI) has a Return-on-Tangible-Equity of 2.77% as of Dec. 2019. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Slovnaft AS and its competitors. This is 11% below median its historical median of 3.10.
Is Slovnaft AS's Return-on-Tangible-Equity too high?
Slovnaft AS's current Return-on-Tangible-Equity of 2.77% is 11% below median its 10-year median of 3.10. The Oil & Gas industry median Return-on-Tangible-Equity is 6.77. Slovnaft AS's value of 2.77% is 59.1% below this industry median. Overall, Slovnaft AS has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Slovnaft AS's Return-on-Tangible-Equity compare to NGL and INT?
Slovnaft AS's Return-on-Tangible-Equity of 2.77% can be compared against companies in the Oil & Gas industry. The industry median Return-on-Tangible-Equity is 6.77. Slovnaft AS's value of 2.77% is 59.1% below this benchmark. While the company's 10-year median is 3.10 vs. the industry median of 6.77, Slovnaft AS 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 an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.77, based on 942 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. Slovnaft AS's current Return-on-Tangible-Equity of 2.77% is 59.1% 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 Slovnaft AS and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Slovnaft AS's current Return-on-Tangible-Equity is 2.77%, which is 11% below median its own 10-year median of 3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Slovnaft AS stock overvalued right now?
Slovnaft AS (LTS:0MZI) has a current Return-on-Tangible-Equity of 2.77%. The current Return-on-Tangible-Equity is 2.77%, which is 11% below median its 10-year median of 3.10 and 59.1% below the Oil & Gas industry median of 6.77. Slovnaft AS's overall GF Score™ is 8/100 with 5 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 Slovnaft AS (LTS:0MZI), the current Return-on-Tangible-Equity is 2.77% as of Dec. 2019. 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.
Slovnaft AS is engaged in processing crude oil and motor fuels, heating oils and other products, their distribution and sale to wholesale customers as well as to end-customers through its own network of service stations. The group manages its operations in the following segments: Refining and Marketing, Retail, and Other segments. Refining and Marketing segment processes crude oil and markets refinery products and plastics. The retail segment operates a network of petrol stations. It generates maximum revenue from the Refining and Marketing segment. Geographically, it derives a majority of revenue from the Slovak Republic and also has a presence in Czech Republic, Austria, Hungary, Poland, Germany, Italy, Croatia, Romania, The Netherlands, Serbia, and Other Countries.
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