Honeywell Flour Mills (NSA:HFM) Selling, General, & Admin. Expense: ₦4,664 Mil (TTM As of Mar. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:HFM Honeywell Flour Mills PLC NSA:HFM
69 GF Score
Price ₦16.75
GF Value ₦10.38
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Honeywell Flour Mills Selling, General, & Admin. Expense?

Honeywell Flour Mills NSA:HFM -4.01% 69 Selling, General, & Admin. Expense is ₦4,664 Mil as of Mar. 2025. GuruFocus rates NSA:HFM with a GF Score™ of 69/100 and a GF Value™ of ₦10.38 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Honeywell Flour Mills's selling, general, & admin. expense for the six months ended in Mar. 2025 was ₦4,664 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2025 was ₦4,664 Mil.


Honeywell Flour Mills  (NSA:HFM) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Honeywell Flour Mills Selling, General, & Admin. Expense Related Terms


Honeywell Flour Mills Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Honeywell Flour Mills's Selling, General, & Admin. Expense 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.

Honeywell Flour Mills Selling, General, & Admin. Expense Chart

Honeywell Flour Mills Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,115.94 7,224.82 2,330.55 3,147.45 4,663.55

Honeywell Flour Mills Semi-Annual Data
Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Selling, General, & Admin. Expense 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 8,115.94 7,224.82 2,330.55 3,147.45 4,663.55

NSA:HFM vs KHC, GIS, HRL: Selling, General, & Admin. Expense Comparison

For the Packaged Foods subindustry, Honeywell Flour Mills's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Honeywell Flour Mills Selling, General, & Admin. Expense vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Honeywell Flour Mills's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Honeywell Flour Mills's Selling, General, & Admin. Expense falls into.


NSA:HFM
69GF Score
Honeywell Flour Mills PLC NSA:HFM
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honeywell Flour Mills Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2025 was ₦4,664 Mil.

* 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.

What does a Selling, General, & Admin. Expense of ₦4,664 Mil mean?
Honeywell Flour Mills (NSA:HFM) has a Selling, General, & Admin. Expense of ₦4,664 Mil as of Mar. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Honeywell Flour Mills and its competitors.
Is Honeywell Flour Mills' Selling, General, & Admin. Expense too high?
Honeywell Flour Mills' current Selling, General, & Admin. Expense is ₦4,664 Mil. Overall, Honeywell Flour Mills has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Honeywell Flour Mills' Selling, General, & Admin. Expense compare to KHC and GIS?
Honeywell Flour Mills' Selling, General, & Admin. Expense of ₦4,664 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Consumer Packaged Goods company?
A good Selling, General, & Admin. Expense depends on the Consumer Packaged Goods industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Honeywell Flour Mills and its competitors. Honeywell Flour Mills's current Selling, General, & Admin. Expense is ₦4,664 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell Flour Mills stock overvalued right now?
Based on GuruFocus' analysis, Honeywell Flour Mills (NSA:HFM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦10.38, compared to a current price of ₦16.75 — trading 61.4% above its estimated fair value. The current Selling, General, & Admin. Expense is ₦4,664 Mil. Honeywell Flour Mills' overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Honeywell Flour Mills (NSA:HFM), the current Selling, General, & Admin. Expense is ₦4,664 Mil as of Mar. 2025. 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 Honeywell Flour Mills (NSA:HFM) Overvalued in 2026?

Based on GuruFocus' analysis, Honeywell Flour Mills stock appears to be overvalued. The current stock price of ₦16.75 is trading 61.4% above its estimated GF Value™ of ₦10.38. GuruFocus considers Honeywell Flour Mills to be Significantly Overvalued.

Key valuation signals for NSA:HFM:

  • Selling, General, & Admin. Expense: ₦4,664 Mil
  • GF Value™: ₦10.38 vs. price of ₦16.75 (61.4% above fair value)
  • GF Score™: 69/100 with 2 warning signs

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


Honeywell Flour Mills Business Description

Address Wharf road, No. 1 Golden penny place, Apapa, Lagos, NGA
Honeywell Flour Mills PLC is a Nigerian food manufacturing company specializing in the production and marketing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. It distributes products across Nigeria through an extensive logistics and retail network. Honeywell Flour Mills is ISO-certified and part of the Flour Mills of Nigeria Plc group, benefiting from group synergies in a closely regulated sector. The Company's business reportable segments are identified by the factories located at Apapa, and Sagamu. The Apapa segment manufactures Flour, Semo and Wheat meal while Sagamu segments manufacture Noodles and Pasta. The Apapa generates the maximum revenue for the company.
69GF Score

Get the complete analysis for NSA:HFM

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦16.75
Price
₦10.38
GF Value