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. Haldane Mccall's annualized net income for the quarter that ended in Dec. 2013 was ₦7,610 Mil. Haldane Mccall's average shareholder tangible equity for the quarter that ended in Dec. 2013 was ₦151,904 Mil. Therefore, Haldane Mccall's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2013 was 5.01%.
The historical rank and industry rank for Haldane Mccall's Return-on-Tangible-Equity or its related term are showing as below:
NSA:HMCALL's Return-on-Tangible-Equity is not ranked *
in the Real Estate industry.
Industry Median: 4.27 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
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.
Haldane Mccall Return-on-Tangible-Equity Related Terms
Haldane Mccall Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Haldane Mccall'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.
Haldane Mccall Return-on-Tangible-Equity Chart
Haldane Mccall Annual Data
Trend
Dec11
Dec12
Dec13
Return-on-Tangible-Equity
4.90
7.58
5.01
Haldane Mccall Semi-Annual Data
Dec11
Dec12
Dec13
Return-on-Tangible-Equity
4.90
7.58
5.01
NSA:HMCALL vs : Return-on-Tangible-Equity Comparison
For the Real Estate Services subindustry, Haldane Mccall'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.
Haldane Mccall Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Haldane Mccall's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Haldane Mccall'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. 2013) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.01% mean?
Haldane Mccall (NSA:HMCALL) has a Return-on-Tangible-Equity of 5.01% as of Dec. 2013. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Haldane Mccall and its competitors.
Is Haldane Mccall's Return-on-Tangible-Equity too high?
Haldane Mccall's current Return-on-Tangible-Equity is 5.01%. The Real Estate industry median Return-on-Tangible-Equity is 4.27. Haldane Mccall's value of 5.01% is 17.3% above this industry median.
How does Haldane Mccall's Return-on-Tangible-Equity compare to ?
Haldane Mccall's Return-on-Tangible-Equity of 5.01% can be compared against companies in the Real Estate industry. The industry median Return-on-Tangible-Equity is 4.27. Haldane Mccall's value of 5.01% is 17.3% above this benchmark. 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 Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.27, based on 1,717 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. Haldane Mccall's current Return-on-Tangible-Equity of 5.01% is 17.3% 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 Haldane Mccall and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haldane Mccall's current Return-on-Tangible-Equity is 5.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haldane Mccall stock overvalued right now?
Haldane Mccall (NSA:HMCALL) has a current Return-on-Tangible-Equity of 5.01%. The current Return-on-Tangible-Equity is 5.01% and 17.3% above the Real Estate industry median of 4.27. 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 Haldane Mccall (NSA:HMCALL), the current Return-on-Tangible-Equity is 5.01% as of Dec. 2013. 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.
Haldane Mccall PLC is a real estate development and hotel business company. It owns and operates the Western Hotel Brand in Nigeria, Suru Express Hotels in West Africa and Suru Homes Limited.
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