Formul Plastik Ve Metalnayi AS (IST:FRMPL) ROE %: 7.65% (As of Dec. 2024) — 52% Below Median


IST:FRMPL Formul Plastik Ve Metal Sanayi AS IST:FRMPL
22 GF Score
Price ₺35.00
! 1 Warning Sign
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What is Formul Plastik Ve Metalnayi AS ROE %?

Formul Plastik Ve Metalnayi AS IST:FRMPL -1.63% 22 ROE % is 7.65% as of Dec. 2024, which is 52% below its 10-year median of 15.80. GuruFocus rates IST:FRMPL with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 402 Building Materials companies, Formul Plastik Ve Metalnayi AS ranks better than 63.93% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Formul Plastik Ve Metalnayi AS's annualized net income for the quarter that ended in Dec. 2024 was ₺160 Mil. Formul Plastik Ve Metalnayi AS's average Total Stockholders Equity over the quarter that ended in Dec. 2024 was ₺2,090 Mil. Therefore, Formul Plastik Ve Metalnayi AS's annualized ROE % for the quarter that ended in Dec. 2024 was 7.65%.

The historical rank and industry rank for Formul Plastik Ve Metalnayi AS's ROE % or its related term are showing as below:

IST:FRMPL' s ROE % Range Over the Past 10 Years
Min: 7.65   Med: 15.8   Max: 17.24
Current: 7.65

During the past 3 years, Formul Plastik Ve Metalnayi AS's highest ROE % was 17.24%. The lowest was 7.65%. And the median was 15.80%.

IST:FRMPL's ROE % is ranked better than
63.93% of 402 companies
in the Building Materials industry
Industry Median: 4.32 vs IST:FRMPL: 7.65

Formul Plastik Ve Metalnayi AS  (IST:FRMPL) 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: Dec. 2024 )
=Net Income/Total Stockholders Equity
=159.826/2090.178
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(159.826 / 3539.18)*(3539.18 / 3542.1565)*(3542.1565 / 2090.178)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.52 %*0.9992*1.6947
=ROA %*Equity Multiplier
=4.52 %*1.6947
=7.65 %

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: Dec. 2024 )
=Net Income/Total Stockholders Equity
=159.826/2090.178
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (159.826 / 173.994) * (173.994 / 554.451) * (554.451 / 3539.18) * (3539.18 / 3542.1565) * (3542.1565 / 2090.178)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9186 * 0.3138 * 15.67 % * 0.9992 * 1.6947
=7.65 %

Note: The net income data used here is one times the annual (Dec. 2024) net income data. The Revenue data used here is one times the annual (Dec. 2024) 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.


Formul Plastik Ve Metalnayi AS ROE % Related Terms


Formul Plastik Ve Metalnayi AS ROE % Historical Data

* Premium members only.

The historical data trend for Formul Plastik Ve Metalnayi AS'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.

Formul Plastik Ve Metalnayi AS ROE % Chart

Formul Plastik Ve Metalnayi AS Annual Data
Trend Dec22 Dec23 Dec24
ROE %
17.24 15.80 7.65

Formul Plastik Ve Metalnayi AS Semi-Annual Data
Dec22 Dec23 Dec24
ROE % 17.24 15.80 7.65

IST:FRMPL vs CRH, VMC, MLM: ROE % Comparison

For the Building Materials subindustry, Formul Plastik Ve Metalnayi AS'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.


Formul Plastik Ve Metalnayi AS ROE % vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Formul Plastik Ve Metalnayi AS's ROE % distribution charts can be found below:

* The bar in red indicates where Formul Plastik Ve Metalnayi AS's ROE % falls into.


IST:FRMPL
22GF Score
Formul Plastik Ve Metal Sanayi AS IST:FRMPL
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Formul Plastik Ve Metalnayi AS ROE % Calculation

Formul Plastik Ve Metalnayi AS's annualized ROE % for the fiscal year that ended in Dec. 2024 is calculated as

ROE %=Net Income (A: Dec. 2024 )/( (Total Stockholders Equity (A: Dec. 2023 )+Total Stockholders Equity (A: Dec. 2024 ))/ count )
=159.826/( (2019.279+2161.077)/ 2 )
=159.826/2090.178
=7.65 %

Formul Plastik Ve Metalnayi AS's annualized ROE % for the quarter that ended in Dec. 2024 is calculated as

ROE %=Net Income (Q: Dec. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Dec. 2024 ))/ count )
=159.826/( (2019.279+2161.077)/ 2 )
=159.826/2090.178
=7.65 %

* 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 one times the annual (Dec. 2024) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 7.65% mean?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a ROE % of 7.65% as of Dec. 2024. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Formul Plastik Ve Metalnayi AS and its competitors. This is 52% below median its historical median of 15.80. Over the past decade, Formul Plastik Ve Metalnayi AS's ROE % has ranged from 7.65 to 17.24. According to the industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #145 out of 402 companies in the Building Materials industry, placing it in the top 36.1%.
Is Formul Plastik Ve Metalnayi AS's ROE % too high?
Formul Plastik Ve Metalnayi AS's current ROE % of 7.65% is 52% below median its 10-year median of 15.80. Over the past 10 years, this metric has ranged from a low of 7.65 to a high of 17.24. The Building Materials industry median ROE % is 4.32. Formul Plastik Ve Metalnayi AS's value of 7.65% is 77.1% above this industry median. Based on the distribution chart, Formul Plastik Ve Metalnayi AS ranks #145 out of 402 companies in the Building Materials industry, which is above the industry midpoint. Overall, Formul Plastik Ve Metalnayi AS has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Formul Plastik Ve Metalnayi AS's ROE % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #145 out of 402 companies for ROE %. This puts Formul Plastik Ve Metalnayi AS in the upper half of its industry. The industry median ROE % is 4.32. Formul Plastik Ve Metalnayi AS's value of 7.65% is 77.1% above this benchmark. Historically, Formul Plastik Ve Metalnayi AS's own ROE % has ranged from 7.65 to 17.24 over the past decade. While the company's 10-year median is 15.80 vs. the industry median of 4.32, Formul Plastik Ve Metalnayi AS 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 ROE % for a Building Materials company?
The median ROE % among Building Materials companies is 4.32, based on 402 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. Formul Plastik Ve Metalnayi AS's current ROE % of 7.65% is 77.1% 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 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 Formul Plastik Ve Metalnayi AS and its competitors. For the Building Materials industry, the median ROE % is 4.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formul Plastik Ve Metalnayi AS's current ROE % is 7.65%, which is 52% below median its own 10-year median of 15.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formul Plastik Ve Metalnayi AS stock overvalued right now?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a current ROE % of 7.65%. The current ROE % is 7.65%, which is 52% below median its 10-year median of 15.80 and 77.1% above the Building Materials industry median of 4.32. Formul Plastik Ve Metalnayi AS's overall GF Score™ is 22/100 with 1 warning sign 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 Formul Plastik Ve Metalnayi AS (IST:FRMPL), the current ROE % is 7.65% as of Dec. 2024. 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.

Formul Plastik Ve Metalnayi AS Business Description

Address Gurpinar Yolu Caddesi, Cumhuriyet Mahallesi, Kaya Milenyum Is Merkezi K:8 N:5A/144, Buyukcekmece, Istanbul, TUR
Formul Plastik Ve Metal Sanayi AS is engaged in manufacturing PP-R pipes and fittings, PVC pipes and fittings, and PE-RT pipes. It also produces brass inserts and fittings. The company operates under the brand names Formul, Aquapa, Foraqua, Aquaplast, and Aquapipe. Geographically, it serves Africa, CIS countries, Far East, Middle East and South America.
22GF Score

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

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