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Fortinova Fastigheter AB (OSTO:FNOVA B) Return-on-Tangible-Equity : 11.97% (As of Dec. 2024)


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What is Fortinova Fastigheter AB Return-on-Tangible-Equity?

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. Fortinova Fastigheter AB's annualized net income for the quarter that ended in Dec. 2024 was kr265.6 Mil. Fortinova Fastigheter AB's average shareholder tangible equity for the quarter that ended in Dec. 2024 was kr2,219.7 Mil. Therefore, Fortinova Fastigheter AB's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 11.97%.

The historical rank and industry rank for Fortinova Fastigheter AB's Return-on-Tangible-Equity or its related term are showing as below:

OSTO:FNOVA B' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.96   Med: 10.63   Max: 18.06
Current: 5.2

During the past 5 years, Fortinova Fastigheter AB's highest Return-on-Tangible-Equity was 18.06%. The lowest was -11.96%. And the median was 10.63%.

OSTO:FNOVA B's Return-on-Tangible-Equity is ranked better than
58.64% of 1719 companies
in the Real Estate industry
Industry Median: 3.48 vs OSTO:FNOVA B: 5.20

Fortinova Fastigheter AB Return-on-Tangible-Equity Historical Data

The historical data trend for Fortinova Fastigheter AB'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.

* Premium members only.

Fortinova Fastigheter AB Return-on-Tangible-Equity Chart

Fortinova Fastigheter AB Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Dec23
Return-on-Tangible-Equity
- 12.16 9.10 18.06 -11.96

Fortinova Fastigheter AB Quarterly Data
Aug19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.59 4.36 4.87 -0.48 11.97

Competitive Comparison of Fortinova Fastigheter AB's Return-on-Tangible-Equity

For the Real Estate Services subindustry, Fortinova Fastigheter AB'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.


Fortinova Fastigheter AB's Return-on-Tangible-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fortinova Fastigheter AB's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Fortinova Fastigheter AB's Return-on-Tangible-Equity falls into.


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Fortinova Fastigheter AB Return-on-Tangible-Equity Calculation

Fortinova Fastigheter AB's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Aug. 2021 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Aug. 2021 )(A: Dec. 2023 )
=-262.9/( (2252.8+2142 )/ 2 )
=-262.9/2197.4
=-11.96 %

Fortinova Fastigheter AB's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=265.6/( (2186.7+2252.7)/ 2 )
=265.6/2219.7
=11.97 %

* 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 four times the quarterly (Dec. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Fortinova Fastigheter AB  (OSTO:FNOVA B) 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.


Fortinova Fastigheter AB Return-on-Tangible-Equity Related Terms

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Fortinova Fastigheter AB Business Description

Traded in Other Exchanges
N/A
Address
Norrgatan 10, Varberg, SWE, 432 41
Fortinova Fastigheter AB operates as a real estate company. It acquires, develops and manages residential properties in some of western Sweden's.

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