Administradora de Fondos de Pensiones y Cesantia Proteccion (BOG:PROTECCION) ROE %: 17.52% (As of Jun. 2023)


BOG:PROTECCION Administradora de Fondos de Pensiones y Cesantia Proteccion SA BOG:PROTECCION
12 GF Score
Price COP78,000.00
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What is Administradora de Fondos de Pensiones y Cesantia Proteccion ROE %?

Administradora de Fondos de Pensiones y Cesantia Proteccion BOG:PROTECCION 12 ROE % is 17.52% as of Jun. 2023. GuruFocus rates BOG:PROTECCION with a GF Score™ of 12/100.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Administradora de Fondos de Pensiones y Cesantia Proteccion's annualized net income for the quarter that ended in Jun. 2023 was COP380,664 Mil. Administradora de Fondos de Pensiones y Cesantia Proteccion's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was COP2,173,104 Mil. Therefore, Administradora de Fondos de Pensiones y Cesantia Proteccion's annualized ROE % for the quarter that ended in Jun. 2023 was 17.52%.

The historical rank and industry rank for Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE % or its related term are showing as below:

BOG:PROTECCION's ROE % is not ranked *
in the Asset Management industry.
Industry Median: 6.36
* Ranked among companies with meaningful ROE % only.

Administradora de Fondos de Pensiones y Cesantia Proteccion  (BOG:PROTECCION) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=380664.468/2173104.4225
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(380664.468 / 955295.646)*(955295.646 / 3226566.668)*(3226566.668 / 2173104.4225)
=Net Margin %*Asset Turnover*Equity Multiplier
=39.85 %*0.2961*1.4848
=ROA %*Equity Multiplier
=11.8 %*1.4848
=17.52 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=380664.468/2173104.4225
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (380664.468 / 502762.726) * (502762.726 / 192237.194) * (192237.194 / 955295.646) * (955295.646 / 3226566.668) * (3226566.668 / 2173104.4225)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7571 * 2.6153 * 20.12 % * 0.2961 * 1.4848
=17.52 %

Note: The net income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Administradora de Fondos de Pensiones y Cesantia Proteccion ROE % Related Terms


Administradora de Fondos de Pensiones y Cesantia Proteccion ROE % Historical Data

* Premium members only.

The historical data trend for Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE % 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.

Administradora de Fondos de Pensiones y Cesantia Proteccion ROE % Chart

Administradora de Fondos de Pensiones y Cesantia Proteccion Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.85 13.86 26.63 15.22 13.05

Administradora de Fondos de Pensiones y Cesantia Proteccion Semi-Annual Data
Dec11 Dec12 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Jun23
ROE % 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 31.87 13.65 12.62 -7.17 17.52

BOG:PROTECCION vs BLK, BX, BK: ROE % Comparison

For the Asset Management subindustry, Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE %, along with its competitors' market caps and ROE % 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.


Administradora de Fondos de Pensiones y Cesantia Proteccion ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE % distribution charts can be found below:

* The bar in red indicates where Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE % falls into.


BOG:PROTECCION
12GF Score
Administradora de Fondos de Pensiones y Cesantia Proteccion SA BOG:PROTECCION
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Administradora de Fondos de Pensiones y Cesantia Proteccion ROE % Calculation

Administradora de Fondos de Pensiones y Cesantia Proteccion's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=276500/( (2000512+2237413)/ 2 )
=276500/2118962.5
=13.05 %

Administradora de Fondos de Pensiones y Cesantia Proteccion's annualized ROE % for the quarter that ended in Jun. 2023 is calculated as

ROE %=Net Income (Q: Jun. 2023 )/( (Total Stockholders Equity (Q: Jun. 2022 )+Total Stockholders Equity (Q: Jun. 2023 ))/ count )
=380664.468/( (2159965.774+2186243.071)/ 2 )
=380664.468/2173104.4225
=17.52 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Jun. 2023) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 17.52% mean?
Administradora de Fondos de Pensiones y Cesantia Proteccion (BOG:PROTECCION) has a ROE % of 17.52% as of Jun. 2023. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Administradora de Fondos de Pensiones y Cesantia Proteccion and its competitors.
Is Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE % too high?
Administradora de Fondos de Pensiones y Cesantia Proteccion's current ROE % is 17.52%. The Asset Management industry median ROE % is 6.36. Administradora de Fondos de Pensiones y Cesantia Proteccion's value of 17.52% is 175.5% above this industry median. Overall, Administradora de Fondos de Pensiones y Cesantia Proteccion has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE % compare to BLK and BX?
Administradora de Fondos de Pensiones y Cesantia Proteccion's ROE % of 17.52% can be compared against companies in the Asset Management industry. The industry median ROE % is 6.36. Administradora de Fondos de Pensiones y Cesantia Proteccion's value of 17.52% is 175.5% 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.36, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Administradora de Fondos de Pensiones y Cesantia Proteccion's current ROE % of 17.52% is 175.5% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Administradora de Fondos de Pensiones y Cesantia Proteccion and its competitors. For the Asset Management industry, the median ROE % is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Administradora de Fondos de Pensiones y Cesantia Proteccion's current ROE % is 17.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Administradora de Fondos de Pensiones y Cesantia Proteccion stock overvalued right now?
Administradora de Fondos de Pensiones y Cesantia Proteccion (BOG:PROTECCION) has a current ROE % of 17.52%. The current ROE % is 17.52% and 175.5% above the Asset Management industry median of 6.36. Administradora de Fondos de Pensiones y Cesantia Proteccion's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Administradora de Fondos de Pensiones y Cesantia Proteccion (BOG:PROTECCION), the current ROE % is 17.52% as of Jun. 2023. 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.

Administradora de Fondos de Pensiones y Cesantia Proteccion Business Description

Address Calle 49 No. 63-100 Torre Protection, Medellin, COL
Administradora de Fondos de Pensiones y Cesantia Proteccion SA is a management company of mandatory and voluntary pension and severance funds. Its funds include voluntary and obligatory pension funds, and severance funds.
12GF Score

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COP78,000.00
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