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HG Metal ManufacturingSGX:BTG 44 ROE % is 7.88% as of Mar. 2026, which is 7780% above its 10-year median of 0.10. GuruFocus rates SGX:BTG with a GF Score™ of 44/100 and a GF Value™ of S$0.17 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 620 Steel companies, HG Metal Manufacturing ranks better than 62.9% on this metric.
HG Metal Manufacturing (SGX:BTG) 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:
Note:
The net income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
* 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.
For the Steel subindustry, HG Metal Manufacturing'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.
HG Metal Manufacturing ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, HG Metal Manufacturing's ROE % distribution charts can be found below:
* The bar in red indicates where HG Metal Manufacturing's ROE % falls into.
* 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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
HG Metal Manufacturing (SGX:BTG) has a ROE % of 7.88% 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 HG Metal Manufacturing and its competitors. This is 7780% above median its historical median of 0.10. According to the industry distribution chart, HG Metal Manufacturing ranks #230 out of 620 companies in the Steel industry, placing it in the top 37.1%.
Is HG Metal Manufacturing's ROE % too high?
HG Metal Manufacturing's current ROE % of 7.88% is 7780% above median its 10-year median of 0.10. The Steel industry median ROE % is 3.91. HG Metal Manufacturing's value of 7.88% is 101.8% above this industry median. Based on the distribution chart, HG Metal Manufacturing ranks #230 out of 620 companies in the Steel industry, which is above the industry midpoint. Overall, HG Metal Manufacturing has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HG Metal Manufacturing's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, HG Metal Manufacturing ranks #230 out of 620 companies for ROE %. This puts HG Metal Manufacturing in the upper half of its industry. The industry median ROE % is 3.91. HG Metal Manufacturing's value of 7.88% is 101.8% above this benchmark. While the company's 10-year median is 0.10 vs. the industry median of 3.91, HG Metal Manufacturing 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 Steel company?
The median ROE % among Steel companies is 3.91, based on 620 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. HG Metal Manufacturing's current ROE % of 7.88% is 101.8% 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 HG Metal Manufacturing and its competitors. For the Steel industry, the median ROE % is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HG Metal Manufacturing's current ROE % is 7.88%, which is 7780% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HG Metal Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, HG Metal Manufacturing (SGX:BTG) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.17, compared to a current price of S$0.49 — trading 188.2% above its estimated fair value. The current ROE % is 7.88%, which is 7780% above median its 10-year median of 0.10 and 101.8% above the Steel industry median of 3.91. HG Metal Manufacturing's overall GF Score™ is 44/100 with 3 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 HG Metal Manufacturing (SGX:BTG), the current ROE % is 7.88% 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 HG Metal Manufacturing (SGX:BTG) Overvalued in 2026?
Based on GuruFocus' analysis, HG Metal Manufacturing stock appears to be overvalued.
The current stock price of S$0.49 is trading 188.2% above its estimated GF Value™ of S$0.17.
GuruFocus considers HG Metal Manufacturing to be Significantly Overvalued.
Key valuation signals for SGX:BTG:
ROE %: 7.88% (7780% above median its 10-year median of 0.10)
GF Value™: S$0.17 vs. price of S$0.49 (188.2% above fair value)
Industry Position: 101.8% above the Steel median (#230 of 620)
No single metric tells the full story. See the SGX:BTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HG Metal Manufacturing Ltd is involved in the steel business. The Company operates through business units including HG Distribution, HG Construction Steel, HG Coupler, and Thread. Its operating segments comprise the Trading segment, the Manufacturing segment, and Others. The Trading segment supplies steel products and includes investments in subsidiaries engaged in steel distribution and the provision of industrial steel services. The Manufacturing segment produces construction steel products and provides related engineering services. The Others segment includes activities that do not fall under the Trading or Manufacturing segments. The majority of the Company's revenue is generated from the Manufacturing segment, with the maximum of its revenue derived from Singapore.
44GF Score
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