Honeywell Flour MillsNSA:HFM -4.52%70 ROA % is 9.22% as of Mar. 2025, which is 2781% above its 10-year median of 0.32. GuruFocus rates NSA:HFM with a GF Score™ of 70/100 and a GF Value™ of ₦10.20 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,990 Consumer Packaged Goods companies, Honeywell Flour Mills ranks better than 81.26% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Honeywell Flour Mills's annualizedNet Income for the quarter that ended in Mar. 2025 was ₦14,589 Mil.
Honeywell Flour Mills's average Total Assets over the quarter that ended in Mar. 2025 was ₦158,206 Mil. Therefore, Honeywell Flour Mills's annualized ROA % for the quarter that ended in Mar. 2025 was 9.22%.
The historical rank and industry rank for Honeywell Flour Mills's ROA % or its related term are showing as below:
NSA:HFM'
s ROA % Range Over the Past 10 Years
Min: -6.59 Med: 0.32 Max: 9.22
Current: 9.22
During the past 13 years, Honeywell Flour Mills's highest ROA % was 9.22%. The lowest was -6.59%. And the median was 0.32%.
NSA:HFM's ROA % is ranked better than 81.26% of 1990
companies
in the Consumer Packaged Goods industry
Industry Median: 3.245
vs NSA:HFM: 9.22
Honeywell Flour Mills (NSA:HFM) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is one times the annual (Mar. 2025) net income data. The Revenue data used here is one times the annual (Mar. 2025) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Packaged Foods subindustry, Honeywell Flour Mills's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's ROA % distribution charts can be found below:
* The bar in red indicates where Honeywell Flour Mills's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Honeywell Flour Mills (NSA:HFM) has a ROA % of 9.22% as of Mar. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Honeywell Flour Mills and its competitors. This is 2781% above median its historical median of 0.32. According to the industry distribution chart, Honeywell Flour Mills ranks #373 out of 1990 companies in the Consumer Packaged Goods industry, placing it in the top 18.7%.
Is Honeywell Flour Mills' ROA % too high?
Honeywell Flour Mills' current ROA % of 9.22% is 2781% above median its 10-year median of 0.32. The Consumer Packaged Goods industry median ROA % is 3.25. Honeywell Flour Mills' value of 9.22% is 184.1% above this industry median. Based on the distribution chart, Honeywell Flour Mills ranks #373 out of 1990 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' ROA % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Honeywell Flour Mills ranks #373 out of 1990 companies for ROA %. This places Honeywell Flour Mills in the top 19% of its industry — outperforming the majority of peers. The industry median ROA % is 3.25. Honeywell Flour Mills' value of 9.22% is 184.1% above this benchmark. While the company's 10-year median is 0.32 vs. the industry median of 3.25, 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 ROA % for a Consumer Packaged Goods company?
The median ROA % among Consumer Packaged Goods companies is 3.25, based on 1,990 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honeywell Flour Mills's current ROA % of 9.22% is 184.1% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Honeywell Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median ROA % is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Flour Mills's current ROA % is 9.22%, which is 2781% above median its own 10-year median of 0.32. 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 ₦10.20, compared to a current price of ₦15.85 — trading 55.4% above its estimated fair value. The current ROA % is 9.22%, which is 2781% above median its 10-year median of 0.32 and 184.1% above the Consumer Packaged Goods industry median of 3.25. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Honeywell Flour Mills (NSA:HFM), the current ROA % is 9.22% 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 ₦15.85 is trading 55.4% above its estimated GF Value™ of ₦10.20.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
ROA %: 9.22% (2781% above median its 10-year median of 0.32)
GF Value™: ₦10.20 vs. price of ₦15.85 (55.4% above fair value)
Industry Position: 184.1% above the Consumer Packaged Goods median (#373 of 1990)
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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