Financials Heartland Group Holdings Limited

Equities

HGH

NZHGHE0007S9

Banks

End-of-day quote New Zealand S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.06 ^NZD	0.00%		+2.91%	-28.38%

Apr. 24	Heartland Group Raises NZ$79 Million via Retail Entitlement Offer; Shares Down 3%	MT
Apr. 10	Heartland Group Completes Institutional Component of Entitlement Offer, Placement	MT

Valuation

Fiscal Period: Juni	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	939.4	714.6	1,213	1,127	1,206	986.4	-	-
Enterprise Value (EV) ¹	939.4	714.6	1,213	1,127	1,206	986.4	986.4	986.4
P/E ratio	12.7 x	9.84 x	13.9 x	11.8 x	12.1 x	9.08 x	8.01 x	6.38 x
Yield	6.06%	5.69%	5.31%	6.58%	6.76%	7.48%	8.3%	9.4%
Capitalization / Revenue	4.56 x	3.04 x	4.83 x	4.21 x	4.23 x	3.34 x	2.89 x	2.61 x
EV / Revenue	4.56 x	3.04 x	4.83 x	4.21 x	4.23 x	3.34 x	2.89 x	2.61 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.38 x	1.01 x	1.59 x	1.39 x	1.17 x	0.81 x	0.78 x	0.74 x
Nbr of stocks (in thousands)	569,338	580,979	585,904	592,904	709,658	930,561	-	-
Reference price ²	1.650	1.230	2.070	1.900	1.700	1.060	1.060	1.060
Announcement Date	8/14/19	9/16/20	8/23/21	8/22/22	8/28/23	-	-	-

¹NZD in Million²NZD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	205.8	235.3	251.2	267.6	285.3	294.9	341.8	377.3
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	120.3	126.5	129.4	150.8	157.2	132	156.6	184.6
Operating Margin	58.42%	53.73%	51.53%	56.35%	55.1%	44.76%	45.81%	48.92%
Earnings before Tax (EBT) ¹	101.5	99.13	118.6	137	134	127	161.4	197.9
Net income ¹	73.62	72	87	95.1	95.9	93.09	117.5	143.3
Net margin	35.76%	30.59%	34.64%	35.54%	33.61%	31.57%	34.37%	37.97%
EPS ²	0.1300	0.1250	0.1490	0.1610	0.1400	0.1167	0.1323	0.1661
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1000	0.0700	0.1100	0.1250	0.1150	0.0793	0.0880	0.0997
Announcement Date	8/14/19	9/16/20	8/23/21	8/22/22	8/28/23	-	-	-

¹NZD in Million²NZD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2023 S1
Net sales ¹	144.2
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share ²	0.0550
Announcement Date	2/27/23

¹NZD in Million²NZD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	11.1%	11.4%	11.9%	12.1%	10.4%	9.26%	9.71%	11.2%
ROA (Net income/ Total Assets)	-	-	2.16%	2.15%	2.12%	1.06%	1.25%	1.47%
Assets ¹	-	-	4,035	4,430	4,526	8,765	9,396	9,718
Book Value Per Share ²	1.200	1.210	1.300	1.360	1.450	1.310	1.350	1.430
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	8/14/19	9/16/20	8/23/21	8/22/22	8/28/23	-	-	-

¹NZD in Million²NZD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Heartland Group Holdings Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

1.06 NZD

Average target price

1.433 NZD

Spread / Average Target

+35.22%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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