Haldane Mccall (NSA:HMCALL) ROE %: 5.01% (As of Dec. 2013)


What is Haldane Mccall ROE %?

Haldane Mccall NSA:HMCALL ROE % is 5.01% as of Dec. 2013.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Haldane Mccall's annualized net income for the quarter that ended in Dec. 2013 was ₦7,549 Mil. Haldane Mccall's average Total Stockholders Equity over the quarter that ended in Dec. 2013 was ₦150,702 Mil. Therefore, Haldane Mccall's annualized ROE % for the quarter that ended in Dec. 2013 was 5.01%.

The historical rank and industry rank for Haldane Mccall's ROE % or its related term are showing as below:

NSA:HMCALL's ROE % is not ranked *
in the Real Estate industry.
Industry Median: 3.92
* Ranked among companies with meaningful ROE % only.

Haldane Mccall  (NSA:HMCALL) 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. 2013 )
=Net Income/Total Stockholders Equity
=7549.359/150701.9415
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7549.359 / 38082.447)*(38082.447 / 226796.0145)*(226796.0145 / 150701.9415)
=Net Margin %*Asset Turnover*Equity Multiplier
=19.82 %*0.1679*1.5049
=ROA %*Equity Multiplier
=3.33 %*1.5049
=5.01 %

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. 2013 )
=Net Income/Total Stockholders Equity
=7549.359/150701.9415
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (7549.359 / 9437.636) * (9437.636 / 20041.617) * (20041.617 / 38082.447) * (38082.447 / 226796.0145) * (226796.0145 / 150701.9415)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7999 * 0.4709 * 52.63 % * 0.1679 * 1.5049
=5.01 %

Note: The net income data used here is one times the annual (Dec. 2013) net income data. The Revenue data used here is one times the annual (Dec. 2013) 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.

Haldane Mccall ROE % Related Terms

Haldane Mccall ROE % Historical Data

* Premium members only.

The historical data trend for Haldane Mccall'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.

Haldane Mccall ROE % Chart

Haldane Mccall Annual Data
Trend Dec11 Dec12 Dec13
ROE %
4.90 7.58 5.01

Haldane Mccall Semi-Annual Data
Dec11 Dec12 Dec13
ROE % 4.90 7.58 5.01

NSA:HMCALL vs : ROE % Comparison

For the Real Estate Services subindustry, Haldane Mccall'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.

Haldane Mccall ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Haldane Mccall's ROE % distribution charts can be found below:

* The bar in red indicates where Haldane Mccall's ROE % falls into.


Haldane Mccall ROE % Calculation

Haldane Mccall's annualized ROE % for the fiscal year that ended in Dec. 2013 is calculated as

ROE %=Net Income (A: Dec. 2013 )/( (Total Stockholders Equity (A: Dec. 2012 )+Total Stockholders Equity (A: Dec. 2013 ))/ count )
=7549.359/( (144296.211+157107.672)/ 2 )
=7549.359/150701.9415
=5.01 %

Haldane Mccall's annualized ROE % for the quarter that ended in Dec. 2013 is calculated as

ROE %=Net Income (Q: Dec. 2013 )/( (Total Stockholders Equity (Q: Dec. 2012 )+Total Stockholders Equity (Q: Dec. 2013 ))/ count )
=7549.359/( (144296.211+157107.672)/ 2 )
=7549.359/150701.9415
=5.01 %

* 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. 2013) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 5.01% mean?
Haldane Mccall (NSA:HMCALL) has a ROE % of 5.01% as of Dec. 2013. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Haldane Mccall and its competitors.
Is Haldane Mccall's ROE % too high?
Haldane Mccall's current ROE % is 5.01%. The Real Estate industry median ROE % is 3.92. Haldane Mccall's value of 5.01% is 27.8% above this industry median.
How does Haldane Mccall's ROE % compare to ?
Haldane Mccall's ROE % of 5.01% can be compared against companies in the Real Estate industry. The industry median ROE % is 3.92. Haldane Mccall's value of 5.01% is 27.8% 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 a Real Estate company?
The median ROE % among Real Estate companies is 3.92, based on 1,731 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. Haldane Mccall's current ROE % of 5.01% is 27.8% 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 Haldane Mccall and its competitors. For the Real Estate industry, the median ROE % is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haldane Mccall's current ROE % is 5.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haldane Mccall stock overvalued right now?
Haldane Mccall (NSA:HMCALL) has a current ROE % of 5.01%. The current ROE % is 5.01% and 27.8% above the Real Estate industry median of 3.92. 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 Haldane Mccall (NSA:HMCALL), the current ROE % is 5.01% as of Dec. 2013. 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.

Haldane Mccall Business Description

Comparable Companies
Address 2 Sobo Arobiodu Street, Suru House, Ikeja GRA, Lagos, NGA
Haldane Mccall PLC is a real estate development and hotel business company. It owns and operates the Western Hotel Brand in Nigeria, Suru Express Hotels in West Africa and Suru Homes Limited.