Honeywell Flour MillsNSA:HFM 70 Return-on-Tangible-Equity is 48.49% as of Mar. 2025, which is 5288% above its 10-year median of 0.90. GuruFocus rates NSA:HFM with a GF Score™ of 70/100 and a GF Value™ of ₦10.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,872 Consumer Packaged Goods companies, Honeywell Flour Mills ranks better than 92.47% 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. Honeywell Flour Mills's annualized net income for the quarter that ended in Mar. 2025 was ₦14,589 Mil. Honeywell Flour Mills's average shareholder tangible equity for the quarter that ended in Mar. 2025 was ₦30,086 Mil. Therefore, Honeywell Flour Mills's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 48.49%.
The historical rank and industry rank for Honeywell Flour Mills's Return-on-Tangible-Equity or its related term are showing as below:
NSA:HFM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -36.42 Med: 0.9 Max: 48.49
Current: 48.49
During the past 13 years, Honeywell Flour Mills's highest Return-on-Tangible-Equity was 48.49%. The lowest was -36.42%. And the median was 0.90%.
NSA:HFM's Return-on-Tangible-Equity is ranked better than 92.47% of 1872
companies
in the Consumer Packaged Goods industry
Industry Median: 7.73
vs NSA:HFM: 48.49
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.
Honeywell Flour Mills Return-on-Tangible-Equity Related Terms
Honeywell Flour Mills Return-on-Tangible-Equity Historical Data
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The historical data trend for Honeywell Flour Mills'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.
NSA:HFM vs KHC, GIS, HRL: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Honeywell Flour Mills'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.
Honeywell Flour Mills Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Honeywell Flour Mills'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 (Mar. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 48.49% mean?
Honeywell Flour Mills (NSA:HFM) has a Return-on-Tangible-Equity of 48.49% as of Mar. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Honeywell Flour Mills and its competitors. This is 5288% above median its historical median of 0.90. According to the industry distribution chart, Honeywell Flour Mills ranks #141 out of 1872 companies in the Consumer Packaged Goods industry, placing it in the top 7.5%.
Is Honeywell Flour Mills' Return-on-Tangible-Equity too high?
Honeywell Flour Mills' current Return-on-Tangible-Equity of 48.49% is 5288% above median its 10-year median of 0.90. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.73. Honeywell Flour Mills' value of 48.49% is 527.3% above this industry median. Based on the distribution chart, Honeywell Flour Mills ranks #141 out of 1872 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Honeywell Flour Mills has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Honeywell Flour Mills ranks #141 out of 1872 companies for Return-on-Tangible-Equity. This places Honeywell Flour Mills in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.73. Honeywell Flour Mills' value of 48.49% is 527.3% above this benchmark. While the company's 10-year median is 0.90 vs. the industry median of 7.73, Honeywell Flour Mills 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.73, based on 1,872 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. Honeywell Flour Mills's current Return-on-Tangible-Equity of 48.49% is 527.3% 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 Honeywell Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Flour Mills's current Return-on-Tangible-Equity is 48.49%, which is 5288% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Flour Mills stock overvalued right now?
Based on GuruFocus' analysis, Honeywell Flour Mills (NSA:HFM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦10.26, compared to a current price of ₦15.15 — trading 47.7% above its estimated fair value. The current Return-on-Tangible-Equity is 48.49%, which is 5288% above median its 10-year median of 0.90 and 527.3% above the Consumer Packaged Goods industry median of 7.73. Honeywell Flour Mills' overall GF Score™ is 70/100 with 2 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 Honeywell Flour Mills (NSA:HFM), the current Return-on-Tangible-Equity is 48.49% as of Mar. 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 Honeywell Flour Mills (NSA:HFM) Overvalued in 2026?
Based on GuruFocus' analysis, Honeywell Flour Mills stock appears to be overvalued.
The current stock price of ₦15.15 is trading 47.7% above its estimated GF Value™ of ₦10.26.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
Return-on-Tangible-Equity: 48.49% (5288% above median its 10-year median of 0.90)
GF Value™: ₦10.26 vs. price of ₦15.15 (47.7% above fair value)
Industry Position: 527.3% above the Consumer Packaged Goods median (#141 of 1872)
No single metric tells the full story. See the NSA:HFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honeywell Flour Mills PLC is a Nigerian food manufacturing company specializing in the production and marketing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. It distributes products across Nigeria through an extensive logistics and retail network. Honeywell Flour Mills is ISO-certified and part of the Flour Mills of Nigeria Plc group, benefiting from group synergies in a closely regulated sector. The Company's business reportable segments are identified by the factories located at Apapa, and Sagamu. The Apapa segment manufactures Flour, Semo and Wheat meal while Sagamu segments manufacture Noodles and Pasta. The Apapa generates the maximum revenue for the company.
70GF Score
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