Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Ageas/ NV's annualized net income for the quarter that ended in Jun. 2024 was €1,284 Mil. Ageas/ NV's average shareholder tangible equity for the quarter that ended in Jun. 2024 was €5,954 Mil. Therefore, Ageas/ NV's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2024 was 21.57%.
The historical rank and industry rank for Ageas/ NV's Return-on-Tangible-Equity or its related term are showing as below:
STU:FO4N'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.3 Med: 8.96 Max: 18.05
Current: 18.05
During the past 13 years, Ageas/ NV's highest Return-on-Tangible-Equity was 18.05%. The lowest was 0.30%. And the median was 8.96%.
STU:FO4N's Return-on-Tangible-Equity is ranked better than 64.3% of 479
companies
in the Insurance industry
Industry Median: 13.51
vs STU:FO4N: 18.05
Ageas/ NV Return-on-Tangible-Equity Historical Data
The historical data trend for Ageas/ NV's Return-on-Tangible-Equity 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.
Competitive Comparison of Ageas/ NV's Return-on-Tangible-Equity
For the Insurance - Diversified subindustry, Ageas/ NV's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Ageas/ NV's Return-on-Tangible-Equity Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Ageas/ NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ageas/ NV's Return-on-Tangible-Equity falls into.
Ageas/ NV Return-on-Tangible-Equity Calculation
Ageas/ NV's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Jun. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity 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 Return-on-Tangible-Equitys can be extremely high.
Ageas/ NV Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Ageas/ NV's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralised debt. As Fortis' capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis' share price began to decline and financial market conditions continued to worsen, with a series of leadership changes customers began to withdraw their deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgium government. BNP Paribas and was asked to spin off its insurance and asset management divisions.
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