Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) Scaled Net Operating Assets: 0.77 (As of Jun. 2025)


BSP:HSAF11 Hsi Ativos Financeiros Fundos Investimentos Imoliarios BSP:HSAF11
54 GF Score
Price R$77.83
GF Value R$78.95
Valuation Fairly Valued
! 4 Warning Signs
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What is Hsi Ativos Financeiros Fundos Investimentos Imoliarios Scaled Net Operating Assets?

Hsi Ativos Financeiros Fundos Investimentos Imoliarios BSP:HSAF11 -1.14% 54 Scaled Net Operating Assets is 0.77 as of Jun. 2025. GuruFocus rates BSP:HSAF11 with a GF Score™ of 54/100 and a GF Value™ of R$78.95 (Fairly Valued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios's operating assets for the quarter that ended in Jun. 2025 was R$177.58 Mil. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's operating liabilities for the quarter that ended in Jun. 2025 was R$2.61 Mil. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's Total Assets for the quarter that ended in Jun. 2024 was R$227.79 Mil. Therefore, Hsi Ativos Financeiros Fundos Investimentos Imoliarios's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2025 was 0.77.

BSP:HSAF11
54GF Score
Hsi Ativos Financeiros Fundos Investimentos Imoliarios BSP:HSAF11
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Hsi Ativos Financeiros Fundos Investimentos Imoliarios Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(177.578-2.605)/227.785
=0.77

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=226.22 - 48.642
=177.578

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.605 - 0 - 0
=2.605

Hsi Ativos Financeiros Fundos Investimentos Imoliarios's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2025 )
=(Operating Assets (Q: Jun. 2025 )-Operating Liabilities (Q: Jun. 2025 ))/Total Assets (Q: Jun. 2024 )
=(177.578-2.605)/227.785
=0.77

where

Operating Assets(Q: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=226.22 - 48.642
=177.578

Operating Liabilities(Q: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.605 - 0 - 0
=2.605

* 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 Scaled Net Operating Assets of 0.77 mean?
Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) has a Scaled Net Operating Assets of 0.77 as of Jun. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hsi Ativos Financeiros Fundos Investimentos Imoliarios and its competitors.
Is Hsi Ativos Financeiros Fundos Investimentos Imoliarios' Scaled Net Operating Assets too high?
Hsi Ativos Financeiros Fundos Investimentos Imoliarios' current Scaled Net Operating Assets is 0.77. Overall, Hsi Ativos Financeiros Fundos Investimentos Imoliarios has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsi Ativos Financeiros Fundos Investimentos Imoliarios' Scaled Net Operating Assets compare to VICI and WPC?
Hsi Ativos Financeiros Fundos Investimentos Imoliarios' Scaled Net Operating Assets of 0.77 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Hsi Ativos Financeiros Fundos Investimentos Imoliarios and its competitors. Hsi Ativos Financeiros Fundos Investimentos Imoliarios's current Scaled Net Operating Assets is 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsi Ativos Financeiros Fundos Investimentos Imoliarios stock overvalued right now?
Based on GuruFocus' analysis, Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) is currently considered Fairly Valued. The stock's GF Value™ is R$78.95, compared to a current price of R$77.83 — trading 1.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.77. Hsi Ativos Financeiros Fundos Investimentos Imoliarios' overall GF Score™ is 54/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11), the current Scaled Net Operating Assets is 0.77 as of Jun. 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 Hsi Ativos Financeiros Fundos Investimentos Imoliarios (BSP:HSAF11) Overvalued in 2026?

Based on GuruFocus' analysis, Hsi Ativos Financeiros Fundos Investimentos Imoliarios stock appears to be undervalued. The current stock price of R$77.83 is trading 1.4% below its estimated GF Value™ of R$78.95. GuruFocus considers Hsi Ativos Financeiros Fundos Investimentos Imoliarios to be Fairly Valued.

Key valuation signals for BSP:HSAF11:

  • Scaled Net Operating Assets: 0.77
  • GF Value™: R$78.95 vs. price of R$77.83 (1.4% below fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the BSP:HSAF11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hsi Ativos Financeiros Fundos Investimentos Imoliarios Business Description

Industry Real EstateREITs
Address Rua Alves Guimarães, 1216, Pinheiros, São Paulo, SP, BRA, 05410-002
Hsi Ativos Financeiros Fundos Investimentos Imoliarios aims to obtain income and capital gains, through investment, in certificates of real estate receivables.
54GF Score

Get the complete analysis for BSP:HSAF11

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$77.83
Price
R$78.95
GF Value