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Honeywell Flour MillsNSA:HFM 69 ROC (Joel Greenblatt) % is 33.73% as of Mar. 2025, which is 572% above its 10-year median of 5.02. GuruFocus rates NSA:HFM with a GF Score™ of 69/100 and a GF Value™ of ₦10.30 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,980 Consumer Packaged Goods companies, Honeywell Flour Mills ranks better than 82.63% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Honeywell Flour Mills's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 33.73%.
The historical rank and industry rank for Honeywell Flour Mills's ROC (Joel Greenblatt) % or its related term are showing as below:
NSA:HFM'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.72 Med: 5.02 Max: 33.73
Current: 33.73
During the past 13 years, Honeywell Flour Mills's highest ROC (Joel Greenblatt) % was 33.73%. The lowest was -2.72%. And the median was 5.02%.
NSA:HFM's ROC (Joel Greenblatt) % is ranked better than 82.63% of 1980
companies
in the Consumer Packaged Goods industry
Industry Median: 11.99
vs NSA:HFM: 33.73
Honeywell Flour Mills's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.70% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Honeywell Flour Mills ROC (Joel Greenblatt) % Related Terms
Honeywell Flour Mills ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Honeywell Flour Mills's ROC (Joel Greenblatt) % 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: ROC (Joel Greenblatt) % Comparison
For the Packaged Foods subindustry, Honeywell Flour Mills's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Honeywell Flour Mills's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is one times the annual (Mar. 2025) EBIT 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.
What does a ROC (Joel Greenblatt) % of 33.73% mean?
Honeywell Flour Mills (NSA:HFM) has a ROC (Joel Greenblatt) % of 33.73% as of Mar. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Honeywell Flour Mills and its competitors. This is 572% above median its historical median of 5.02. According to the industry distribution chart, Honeywell Flour Mills ranks #344 out of 1980 companies in the Consumer Packaged Goods industry, placing it in the top 17.4%.
Is Honeywell Flour Mills' ROC (Joel Greenblatt) % too high?
Honeywell Flour Mills' current ROC (Joel Greenblatt) % of 33.73% is 572% above median its 10-year median of 5.02. The Consumer Packaged Goods industry median ROC (Joel Greenblatt) % is 11.99. Honeywell Flour Mills' value of 33.73% is 181.3% above this industry median. Based on the distribution chart, Honeywell Flour Mills ranks #344 out of 1980 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 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' ROC (Joel Greenblatt) % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Honeywell Flour Mills ranks #344 out of 1980 companies for ROC (Joel Greenblatt) %. This places Honeywell Flour Mills in the top 17% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 11.99. Honeywell Flour Mills' value of 33.73% is 181.3% above this benchmark. While the company's 10-year median is 5.02 vs. the industry median of 11.99, 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 ROC (Joel Greenblatt) % for a Consumer Packaged Goods company?
The median ROC (Joel Greenblatt) % among Consumer Packaged Goods companies is 11.99, based on 1,980 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Honeywell Flour Mills's current ROC (Joel Greenblatt) % of 33.73% is 181.3% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Honeywell Flour Mills and its competitors. For the Consumer Packaged Goods industry, the median ROC (Joel Greenblatt) % is 11.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Honeywell Flour Mills's current ROC (Joel Greenblatt) % is 33.73%, which is 572% above median its own 10-year median of 5.02. 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 ₦10.30, compared to a current price of ₦16.85 — trading 63.6% above its estimated fair value. The current ROC (Joel Greenblatt) % is 33.73%, which is 572% above median its 10-year median of 5.02 and 181.3% above the Consumer Packaged Goods industry median of 11.99. Honeywell Flour Mills' overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Honeywell Flour Mills (NSA:HFM), the current ROC (Joel Greenblatt) % is 33.73% 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 ₦16.85 is trading 63.6% above its estimated GF Value™ of ₦10.30.
GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.
Key valuation signals for NSA:HFM:
ROC (Joel Greenblatt) %: 33.73% (572% above median its 10-year median of 5.02)
GF Value™: ₦10.30 vs. price of ₦16.85 (63.6% above fair value)
Industry Position: 181.3% above the Consumer Packaged Goods median (#344 of 1980)
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.
69GF Score
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