Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) Scaled Net Operating Assets: 0.34 (As of Jun. 2026)

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.

DHA:HEIDELBCEM Heidelberg Materials Bangladesh PLC DHA:HEIDELBCEM
71 GF Score
Price BDT212.40
GF Value BDT201.84
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Heidelberg Materials Bangladesh Scaled Net Operating Assets?

Heidelberg Materials Bangladesh DHA:HEIDELBCEM +1.00% 71 Scaled Net Operating Assets is 0.34 as of Jun. 2026. GuruFocus rates DHA:HEIDELBCEM with a GF Score™ of 71/100 and a GF Value™ of BDT201.84 (Fairly Valued). The stock has 1 warning sign investors should review.

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

Heidelberg Materials Bangladesh's operating assets for the quarter that ended in Jun. 2026 was BDT8,533 Mil. Heidelberg Materials Bangladesh's operating liabilities for the quarter that ended in Jun. 2026 was BDT5,347 Mil. Heidelberg Materials Bangladesh's Total Assets for the quarter that ended in Mar. 2026 was BDT9,509 Mil. Therefore, Heidelberg Materials Bangladesh's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.34.


Heidelberg Materials Bangladesh Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Heidelberg Materials Bangladesh's Scaled Net Operating Assets 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.

Heidelberg Materials Bangladesh Scaled Net Operating Assets Chart

Heidelberg Materials Bangladesh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.47 0.45 0.21 0.29

Heidelberg Materials Bangladesh Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.38 0.31 0.29 0.34

DHA:HEIDELBCEM vs CRH, MLM, VMC: Scaled Net Operating Assets Comparison

For the Building Materials subindustry, Heidelberg Materials Bangladesh's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Heidelberg Materials Bangladesh Scaled Net Operating Assets vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Heidelberg Materials Bangladesh's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Heidelberg Materials Bangladesh's Scaled Net Operating Assets falls into.


DHA:HEIDELBCEM
71GF Score
Heidelberg Materials Bangladesh PLC DHA:HEIDELBCEM
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heidelberg Materials Bangladesh 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.

Heidelberg Materials Bangladesh's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(8015.253-4838.851)/11000.831
=0.29

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9325.215 - 1309.962
=8015.253

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5148.47 - 274.288 - 35.331
=4838.851

Heidelberg Materials Bangladesh's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(8533.209-5346.952)/9508.904
=0.34

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=9630.808 - 1097.599
=8533.209

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5627.052 - 239.647 - 40.453
=5346.952

* 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 0.34 mean?
Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) has a Scaled Net Operating Assets of 0.34 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Heidelberg Materials Bangladesh and its competitors.
Is Heidelberg Materials Bangladesh's Scaled Net Operating Assets too high?
Heidelberg Materials Bangladesh's current Scaled Net Operating Assets is 0.34. Overall, Heidelberg Materials Bangladesh has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heidelberg Materials Bangladesh's Scaled Net Operating Assets compare to CRH and MLM?
Heidelberg Materials Bangladesh's Scaled Net Operating Assets of 0.34 can be compared against companies in the Building Materials 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 Building Materials company?
A good Scaled Net Operating Assets depends on the Building Materials 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 Heidelberg Materials Bangladesh and its competitors. Heidelberg Materials Bangladesh's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heidelberg Materials Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) is currently considered Fairly Valued. The stock's GF Value™ is BDT201.84, compared to a current price of BDT212.40 — trading 5.2% above its estimated fair value. The current Scaled Net Operating Assets is 0.34. Heidelberg Materials Bangladesh's overall GF Score™ is 71/100 with 1 warning sign 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 Heidelberg Materials Bangladesh (DHA:HEIDELBCEM), the current Scaled Net Operating Assets is 0.34 as of Jun. 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 Heidelberg Materials Bangladesh (DHA:HEIDELBCEM) Overvalued in 2026?

Based on GuruFocus' analysis, Heidelberg Materials Bangladesh stock appears to be overvalued. The current stock price of BDT212.40 is trading 5.2% above its estimated GF Value™ of BDT201.84. GuruFocus considers Heidelberg Materials Bangladesh to be Fairly Valued.

Key valuation signals for DHA:HEIDELBCEM:

  • Scaled Net Operating Assets: 0.34
  • GF Value™: BDT201.84 vs. price of BDT212.40 (5.2% above fair value)
  • GF Score™: 71/100 with 1 warning sign

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


Heidelberg Materials Bangladesh Business Description

Address Road No.142, Symphony (6th & 7th Floor), Plot No. SE (F)9, Gulshan Avenue South, Dhaka, BGD, 1212
Heidelberg Materials Bangladesh PLC offers a diverse and sustainable range of cement solutions. Its product portfolio comprises Ordinary Portland Cement (OPC), Portland Composite Cement (PCC), Blast Furnace/Composite Cement (Multi-Purpose Cement), evoBuild, and Sulphate Resistant Cement (SRC), marketed under the Company's two brands, ScanCement and RubyCement. The Company is engaged in projects such as Bijoy Sarani, Mohakhali Flyover, Lalon Shah (Pakshi) Bridge, Shah Amanat International Airport, Third Karnaphuli Bridge, Summit Meghnaghat Power Plant, North-South University, Chittagong Port Flyover, Dhaka Chattogram Four-Lane Highway, and many others.
71GF Score

Get the complete analysis for DHA:HEIDELBCEM

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

BDT212.40
Price
BDT201.84
GF Value