Haga Industria E Comercio (BSP:HAGA4) ROE %: Negative Equity% (As of Mar. 2026)

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BSP:HAGA4 Haga SA Industria E Comercio BSP:HAGA4
69 GF Score
Price R$1.62
GF Value R$1.33
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Haga Industria E Comercio ROE %?

Haga Industria E Comercio BSP:HAGA4 +2.53% 69 ROE % is Negative Equity% as of Mar. 2026. GuruFocus rates BSP:HAGA4 with a GF Score™ of 69/100 and a GF Value™ of R$1.33 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,745 Construction companies, Haga Industria E Comercio ranks better than 99.94% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Haga Industria E Comercio's annualized net income for the quarter that ended in Mar. 2026 was R$4.02 Mil. Haga Industria E Comercio's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was R$-48.67 Mil. Therefore, Haga Industria E Comercio's annualized ROE % for the quarter that ended in Mar. 2026 was Negative Equity%.

The historical rank and industry rank for Haga Industria E Comercio's ROE % or its related term are showing as below:

BSP:HAGA4' s ROE % Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0
Current: Negative Equity

BSP:HAGA4's ROE % is ranked better than
99.94% of 1745 companies
in the Construction industry
Industry Median: 6.72 vs BSP:HAGA4: Negative Equity

Haga Industria E Comercio  (BSP:HAGA4) 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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=4.016/-48.666
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.016 / 32.52)*(32.52 / 71.6405)*(71.6405 / -48.666)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.35 %*0.4539*N/A
=ROA %*Equity Multiplier
=5.61 %*N/A
=Negative Equity %

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: Mar. 2026 )
=Net Income/Total Stockholders Equity
=4.016/-48.666
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4.016 / 4.52) * (4.52 / 0.044) * (0.044 / 32.52) * (32.52 / 71.6405) * (71.6405 / -48.666)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8885 * 102.7273 * 0.14 % * 0.4539 * N/A
=Negative Equity %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.


Haga Industria E Comercio ROE % Related Terms


Haga Industria E Comercio ROE % Historical Data

* Premium members only.

The historical data trend for Haga Industria E Comercio'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.

Haga Industria E Comercio ROE % Chart

Haga Industria E Comercio Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Equity Negative Equity Negative Equity Negative Equity Negative Equity

Haga Industria E Comercio Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Negative Equity 0.00 Negative Equity Negative Equity Negative Equity

BSP:HAGA4 vs TT, JCI, CARR: ROE % Comparison

For the Building Products & Equipment subindustry, Haga Industria E Comercio'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.


Haga Industria E Comercio ROE % vs Construction Industry

For the Construction industry and Industrials sector, Haga Industria E Comercio's ROE % distribution charts can be found below:

* The bar in red indicates where Haga Industria E Comercio's ROE % falls into.


BSP:HAGA4
69GF Score
Haga SA Industria E Comercio BSP:HAGA4
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Haga Industria E Comercio ROE % Calculation

Haga Industria E Comercio's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=2.144/( (-51.312+-49.168)/ 2 )
=2.144/-50.24
=Negative Equity %

Haga Industria E Comercio's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=4.016/( (-49.168+-48.164)/ 2 )
=4.016/-48.666
=Negative Equity %

* 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 four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of Negative Equity% mean?
Haga Industria E Comercio (BSP:HAGA4) has a ROE % of Negative Equity% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Haga Industria E Comercio and its competitors. According to the industry distribution chart, Haga Industria E Comercio ranks #1 out of 1745 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is Haga Industria E Comercio's ROE % too high?
Haga Industria E Comercio's current ROE % is Negative Equity%. Based on the distribution chart, Haga Industria E Comercio ranks #1 out of 1745 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Haga Industria E Comercio has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Haga Industria E Comercio's ROE % compare to TT and JCI?
According to the Construction industry distribution chart, Haga Industria E Comercio ranks #1 out of 1745 companies for ROE %. This places Haga Industria E Comercio in the top 0% of its industry — outperforming the majority of peers. The industry median ROE % is 6.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Construction company?
The median ROE % among Construction companies is 6.72, based on 1,745 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. 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 Haga Industria E Comercio and its competitors. For the Construction industry, the median ROE % is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haga Industria E Comercio's current ROE % is Negative Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haga Industria E Comercio stock overvalued right now?
Based on GuruFocus' analysis, Haga Industria E Comercio (BSP:HAGA4) is currently considered Modestly Overvalued. The stock's GF Value™ is R$1.33, compared to a current price of R$1.62 — trading 21.8% above its estimated fair value. The current ROE % is Negative Equity%. Haga Industria E Comercio's overall GF Score™ is 69/100 with 5 warning signs to review. 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 Haga Industria E Comercio (BSP:HAGA4), the current ROE % is Negative Equity% as of Mar. 2026. 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 Haga Industria E Comercio (BSP:HAGA4) Overvalued in 2026?

Based on GuruFocus' analysis, Haga Industria E Comercio stock appears to be overvalued. The current stock price of R$1.62 is trading 21.8% above its estimated GF Value™ of R$1.33. GuruFocus considers Haga Industria E Comercio to be Modestly Overvalued.

Key valuation signals for BSP:HAGA4:

  • ROE %: Negative Equity%
  • GF Value™: R$1.33 vs. price of R$1.62 (21.8% above fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the BSP:HAGA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Haga Industria E Comercio Business Description

Other Exchanges HAGA3:Brazil
Address Avenue Engenheiro Hans Gaiser 26 - Predio, Nova Friburgo, RJ, BRA, 28625220
Haga SA Industria E Comercio is engaged in manufacturing, trading and export of iron and other metal products, among others. Its products include locks and other products generally used in doors. Its objective is to manufacture, trade and export of iron artifacts, metals.
69GF Score

Get the complete analysis for BSP:HAGA4

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$1.62
Price
R$1.33
GF Value