Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hispania ResourcesTSXV:ESPN Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 2025. The stock has 1 warning sign investors should review. Among 2,384 Metals & Mining companies, Hispania Resources ranks better than 99.96% 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. Hispania Resources's annualized net income for the quarter that ended in Dec. 2025 was C$4.17 Mil. Hispania Resources's average shareholder tangible equity for the quarter that ended in Dec. 2025 was C$-1.02 Mil. Therefore, Hispania Resources's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was Negative Tangible Equity%.
The historical rank and industry rank for Hispania Resources's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:ESPN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -532.65 Med: -280.83 Max: -29.01
Current: Negative Tangible Equity
During the past 6 years, Hispania Resources's highest Return-on-Tangible-Equity was -29.01%. The lowest was -532.65%. And the median was -280.83%.
TSXV:ESPN's Return-on-Tangible-Equity is ranked better than 99.96% of 2384
companies
in the Metals & Mining industry
Industry Median: -16.445
vs TSXV:ESPN: Negative Tangible Equity
Hispania Resources (TSXV:ESPN) 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.
Hispania Resources Return-on-Tangible-Equity Related Terms
Hispania Resources Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hispania Resources'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.
Hispania Resources Return-on-Tangible-Equity Chart
Hispania Resources Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Hispania Resources'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.
Hispania Resources Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hispania Resources's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hispania Resources'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 four times the quarterly (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Hispania Resources (TSXV:ESPN) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Hispania Resources and its competitors. According to the industry distribution chart, Hispania Resources ranks #1 out of 2384 companies in the Metals & Mining industry, placing it in the top 0%.
Is Hispania Resources' Return-on-Tangible-Equity too high?
Hispania Resources' current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Hispania Resources ranks #1 out of 2384 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Hispania Resources' Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Hispania Resources ranks #1 out of 2384 companies for Return-on-Tangible-Equity. This places Hispania Resources in the top 0% of its industry — outperforming the majority of peers. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. 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 Hispania Resources and its competitors. Hispania Resources's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hispania Resources stock overvalued right now?
Hispania Resources (TSXV:ESPN) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The current Return-on-Tangible-Equity is Negative Tangible Equity%. 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 Hispania Resources (TSXV:ESPN), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Dec. 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.
Hispania Resources Inc is an exploration and development company focused on the acquisition, exploration, and development of properties in Spain. The Company is a mineral exploration company focused on mining opportunities in Spain and is currently focused on developing three core assets across Spain, including the Otero copper-zinc project.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:ESPN has been successfully added to your 
