HERITAGE GLOBAL INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.47 USD | -1.59% |
|
-0.80% | -11.15% |
| Mar. 15 | Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Friday as Rate Cut Hopes Wane | MT |
| Mar. 14 | Transcript : Heritage Global Inc., Q4 2023 Earnings Call, Mar 14, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28.62 | 93.61 | 68.39 | 86.36 | 102.6 | 90.8 | - |
| Enterprise Value (EV) 1 | 28.62 | 93.61 | 68.39 | 86.36 | 102.6 | 90.8 | 90.8 |
| P/E ratio | 7.52 x | 8.87 x | 23.4 x | 5.6 x | 8.42 x | 8.23 x | 6.02 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.09 x | 3.58 x | 2.65 x | 1.84 x | 1.69 x | 1.47 x | - |
| EV / Revenue | 1.09 x | 3.58 x | 2.65 x | 1.84 x | 1.69 x | 1.47 x | - |
| EV / EBITDA | - | 13.8 x | 16.8 x | 7.08 x | 6.57 x | 5.69 x | 5.35 x |
| EV / FCF | - | - | - | - | 8.04 x | 6.48 x | 5.63 x |
| FCF Yield | - | - | - | - | 12.4% | 15.4% | 17.8% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 29,261 | 35,193 | 36,575 | 36,748 | 36,908 | 36,761 | - |
| Reference price 2 | 0.9780 | 2.660 | 1.870 | 2.350 | 2.780 | 2.470 | 2.470 |
| Announcement Date | 3/9/20 | 3/8/21 | 3/17/22 | 3/9/23 | 3/14/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 26.17 | 26.18 | 25.79 | 46.91 | 60.54 | 61.57 | - |
| EBITDA 1 | - | 6.774 | 4.082 | 12.2 | 15.61 | 15.95 | 16.97 |
| EBIT 1 | - | 6.059 | 3.014 | 11.12 | 14.32 | 14.74 | 15.89 |
| Operating Margin | - | 23.14% | 11.69% | 23.7% | 23.65% | 23.94% | - |
| Earnings before Tax (EBT) 1 | - | 6.014 | 2.992 | 11.01 | 14 | 14.32 | 15.46 |
| Net income 1 | - | 9.658 | 3.053 | 15.49 | 12.48 | 12.26 | 15.46 |
| Net margin | - | 36.89% | 11.84% | 33.02% | 20.6% | 19.91% | - |
| EPS 2 | 0.1300 | 0.3000 | 0.0800 | 0.4200 | 0.3300 | 0.3000 | 0.4100 |
| Free Cash Flow 1 | - | - | - | - | 12.76 | 14.02 | 16.14 |
| FCF margin | - | - | - | - | 21.08% | 22.76% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 81.77% | 87.86% | 95.09% |
| FCF Conversion (Net income) | - | - | - | - | 102.32% | 114.35% | 104.4% |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 3/9/20 | 3/8/21 | 3/17/22 | 3/9/23 | 3/14/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5.991 | 7.524 | 9.357 | 11.06 | 12.66 | 13.83 | 16.61 | 13.1 | 15.55 | 15.28 | 13.6 | 14.73 | 15.96 | 17.28 | - |
| EBITDA 1 | 0.74 | 1.623 | 1.114 | 3.865 | 3.778 | 3.439 | 4.193 | 3.45 | 3.076 | 4.89 | 3.214 | 3.662 | 4.19 | 4.886 | 4.03 |
| EBIT 1 | 0.533 | 1.362 | 0.875 | 3.624 | 3.474 | 3.147 | 3.894 | 3.101 | 2.769 | 4.555 | 2.911 | 3.36 | 3.888 | 4.584 | 3.76 |
| Operating Margin | 8.9% | 18.1% | 9.35% | 32.75% | 27.44% | 22.75% | 23.44% | 23.68% | 17.81% | 29.8% | 21.4% | 22.8% | 24.37% | 26.53% | - |
| Earnings before Tax (EBT) 1 | 0.527 | 1.334 | 0.837 | 3.587 | 3.453 | 3.13 | 3.826 | 3 | 2.713 | 4.456 | 2.806 | 3.255 | 3.782 | 4.479 | 3.651 |
| Net income 1 | 0.474 | 0.96 | 0.645 | 2.578 | 2.3 | 9.97 | 2.829 | 2.779 | 1.977 | 4.89 | 2.442 | 2.799 | 3.218 | 3.796 | 3.651 |
| Net margin | 7.91% | 12.76% | 6.89% | 23.3% | 18.17% | 72.08% | 17.03% | 21.22% | 12.71% | 31.99% | 17.96% | 19% | 20.17% | 21.97% | - |
| EPS 2 | 0.0100 | 0.0200 | 0.0200 | 0.0700 | 0.0600 | 0.2700 | 0.0800 | 0.0700 | 0.0500 | 0.1300 | 0.0650 | 0.0750 | 0.0850 | 0.1000 | 0.1000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 3/17/22 | 5/12/22 | 8/10/22 | 11/10/22 | 3/9/23 | 5/11/23 | 8/10/23 | 11/9/23 | 3/14/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | - | 12.8 | 14 | 16.1 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | - | - | - | - | 0.26 | 0.4 | 0.4 |
| Capex / Sales | - | - | - | - | 0.42% | 0.65% | - |
| Announcement Date | 3/9/20 | 3/8/21 | 3/17/22 | 3/9/23 | 3/14/24 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
2.47
USD
Average target price
5.5
USD
Spread / Average Target
+122.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.15% | 90.8M | |
| -6.03% | 113B | |
| -3.98% | 87.91B | |
| +20.96% | 63.76B | |
| +5.29% | 61.9B | |
| +10.12% | 42.86B | |
| +7.95% | 40.84B | |
| +18.92% | 34.58B | |
| +5.88% | 25.48B | |
| -5.25% | 22.13B |
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- Financials Heritage Global Inc.
