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Heartland Group Holdings

ASX:HGH
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HGH
ASX
NZ$934M
Market Cap
  1. Home
  2. AU
  3. Banks
Company description

Heartland Group Holdings Limited provides various financial services in New Zealand and Australia. The last earnings update was 127 days ago. More info.


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HGH Share Price and Events
7 Day Returns
0%
ASX:HGH
-0.2%
AU Banks
0.2%
AU Market
1 Year Returns
-
ASX:HGH
3.4%
AU Banks
5.7%
AU Market
HGH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Heartland Group Holdings (HGH) 0% 0% - - - -
AU Banks -0.2% 3.7% 11.2% 3.4% 9.2% -10.9%
AU Market 0.2% 3.2% 7.5% 5.7% 27.5% 13.8%
1 Year Return vs Industry and Market
  • No trading data on HGH.
  • No trading data on HGH.
Price Volatility
HGH
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Heartland Group Holdings's competitors could be found in our database.

HGH Value

 Is Heartland Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Heartland Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Heartland Group Holdings.

ASX:HGH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= NZ$1.25 * 10.8%
NZ$0.13
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. NZ$1.25
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:HGH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 28%) (111.32%))
1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.04 * 5.96%)
8.51%

Discounted Cash Flow Calculation for ASX:HGH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Heartland Group Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:HGH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.8% – 8.51%) * NZ$1.25)
NZ$0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NZ$0.03 / (8.51% - 2.31%)
NZ$0.46
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NZ$1.25 + NZ$0.46
NZ$1.71
ASX:HGH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in ASX:HGH represents 0.92024x of NZSE:HGH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92024x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (NZD) x Listing Adjustment Factor
= NZ$ 1.71 x 0.92024
A$1.57
Value per share (AUD) From above. A$1.57
Current discount Discount to share price of A$1.50
= -1 x (A$1.50 - A$1.57) / A$1.57
4.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Heartland Group Holdings is available for.
Intrinsic value
5%
Share price is A$1.5 vs Future cash flow value of A$1.57
Current Discount Checks
For Heartland Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Heartland Group Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Heartland Group Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Heartland Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Heartland Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:HGH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NZD NZ$0.12
NZSE:HGH Share Price ** NZSE (2019-05-16) in NZD NZ$1.63
Australia Banks Industry PE Ratio Median Figure of 7 Publicly-Listed Banks Companies 13.72x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 15.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Heartland Group Holdings.

ASX:HGH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:HGH Share Price ÷ EPS (both in NZD)

= 1.63 ÷ 0.12

13.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Heartland Group Holdings is good value based on earnings compared to the AU Banks industry average.
  • Heartland Group Holdings is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Heartland Group Holdings's expected growth come at a high price?
Raw Data
ASX:HGH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
8.3%per year
Australia Banks Industry PEG Ratio Median Figure of 7 Publicly-Listed Banks Companies 1.44x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

ASX:HGH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.1x ÷ 8.3%

1.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Heartland Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Heartland Group Holdings's assets?
Raw Data
ASX:HGH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NZD NZ$1.16
NZSE:HGH Share Price * NZSE (2019-05-16) in NZD NZ$1.63
Australia Banks Industry PB Ratio Median Figure of 7 Publicly-Listed Banks Companies 1.35x
Australia Market PB Ratio Median Figure of 1,690 Publicly-Listed Companies 1.63x
ASX:HGH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:HGH Share Price ÷ Book Value per Share (both in NZD)

= 1.63 ÷ 1.16

1.41x

* Primary Listing of Heartland Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Heartland Group Holdings is overvalued based on assets compared to the AU Banks industry average.
X
Value checks
We assess Heartland Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Heartland Group Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HGH Future Performance

 How is Heartland Group Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Heartland Group Holdings expected to grow at an attractive rate?
  • Heartland Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Heartland Group Holdings's earnings growth is expected to exceed the Australia market average.
  • Heartland Group Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:HGH Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:HGH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 8.3%
ASX:HGH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 9.5%
Australia Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.4%
Australia Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:HGH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:HGH Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 248 85 4
2020-06-30 230 80 4
2019-06-30 213 73 4
ASX:HGH Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2018-12-31 180 -339 70
2018-09-30 177 -334 68
2018-06-30 175 -359 68
2018-03-31 170 -367 65
2017-12-31 164 -382 63
2017-09-30 161 -382 63
2017-06-30 156 -374 61
2017-03-31 150 -378 59
2016-12-31 148 -349 58
2016-09-30 146 -310 57
2016-06-30 144 -214 54
2016-03-31 142 -201 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Heartland Group Holdings's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).
  • Heartland Group Holdings's revenue is expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:HGH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Heartland Group Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:HGH Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.15 0.15 0.15 5.00
2020-06-30 0.14 0.14 0.13 5.00
2019-06-30 0.13 0.13 0.13 5.00
ASX:HGH Past Financials Data
Date (Data in NZD Millions) EPS *
2018-12-31 0.12
2018-09-30 0.12
2018-06-30 0.13
2018-03-31 0.12
2017-12-31 0.12
2017-09-30 0.12
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.12
2016-09-30 0.12
2016-06-30 0.11
2016-03-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Heartland Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Heartland Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Heartland Group Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HGH Past Performance

  How has Heartland Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Heartland Group Holdings's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Heartland Group Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Heartland Group Holdings's 1-year earnings growth is less than its 5-year average (10.7% vs 17.1%)
  • Heartland Group Holdings's earnings growth has exceeded the AU Banks industry average in the past year (10.7% vs -11.4%).
Earnings and Revenue History
Heartland Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Heartland Group Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:HGH Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 180.06 69.54 55.04
2018-09-30 177.48 68.05 55.01
2018-06-30 174.73 67.51 53.76
2018-03-31 170.34 65.25 53.06
2017-12-31 163.60 62.80 50.79
2017-09-30 160.67 62.54 49.04
2017-06-30 156.24 60.81 48.12
2017-03-31 150.50 59.44 46.25
2016-12-31 148.04 57.66 46.24
2016-09-30 146.05 56.61 45.65
2016-06-30 144.06 54.16 46.84
2016-03-31 142.47 51.63 48.74
2015-12-31 139.75 50.24 48.96
2015-09-30 135.34 48.25 48.66
2015-06-30 132.60 48.16 46.99
2015-03-31 129.02 45.77 45.10
2014-12-31 125.64 42.83 44.60
2014-09-30 120.95 39.44 44.39
2014-06-30 116.26 36.04 44.18
2014-03-31 111.28 24.49 43.51
2013-12-31 106.29 12.93 42.84
2013-09-30 101.78 9.92 41.97
2013-06-30 97.26 6.91 41.11
2013-03-31 95.97 15.73 39.91
2012-12-31 94.69 24.54 38.71
2012-09-30 91.97 24.07 40.45
2012-06-30 89.24 23.61 42.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Heartland Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Heartland Group Holdings used its assets more efficiently than the AU Banks industry average last year based on Return on Assets.
  • Unable to establish if Heartland Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Heartland Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Heartland Group Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HGH Health

 How is Heartland Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Heartland Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Heartland Group Holdings Company Filings, last reported 5 months ago.

ASX:HGH Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 654.15 1,039.42 81.34
2018-09-30 654.15 1,039.42 81.34
2018-06-30 664.16 915.89 45.96
2018-03-31 664.16 915.89 45.96
2017-12-31 641.34 930.19 105.96
2017-09-30 566.28 995.12 117.38
2017-06-30 569.60 859.11 47.77
2017-03-31 549.23 710.86 22.13
2016-12-31 528.00 734.39 59.96
2016-09-30 495.20 698.28 28.58
2016-06-30 498.34 722.98 69.09
2016-03-31 486.00 662.01 11.17
2015-12-31 485.69 639.81 21.89
2015-09-30 480.13 734.19 31.52
2015-06-30 480.13 734.19 31.52
2015-03-31
2014-12-31 462.31 872.46 95.23
2014-09-30 462.31 872.46 95.23
2014-06-30 452.62 791.89 33.79
2014-03-31 452.62 791.89 33.79
2013-12-31 382.51 271.01 178.53
2013-09-30 382.51 271.01 178.53
2013-06-30 370.54 258.96 285.11
2013-03-31 370.54 258.96 285.11
2012-12-31 381.09 264.36 108.85
2012-09-30 381.09 264.36 108.85
2012-06-30 374.80 315.83 100.56
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Heartland Group Holdings has an acceptable proportion of non-loan assets held.
  • Heartland Group Holdings's liabilities are made up of primarily low risk sources of funding.
  • Heartland Group Holdings has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • Heartland Group Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Heartland Group Holdings has a sufficient allowance for bad loans.
  • Heartland Group Holdings has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Heartland Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Heartland Group Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HGH Dividends

 What is Heartland Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.29%
Current annual income from Heartland Group Holdings dividends. Estimated to be 5.9% next year.
If you bought A$2,000 of Heartland Group Holdings shares you are expected to receive A$86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Heartland Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.59%).
  • Heartland Group Holdings's dividend is below the markets top 25% of dividend payers in Australia (5.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:HGH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Australia Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 5.9%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:HGH Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.10 5.00
2020-06-30 0.10 5.00
2019-06-30 0.09 5.00
ASX:HGH Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.070 4.518
2018-08-15 0.090 5.882
2017-08-14 0.090 4.860
2016-10-03 0.085 5.238
2015-08-18 0.075 5.965
2014-09-29 0.070 5.873
2014-02-25 0.050 5.447
2013-08-26 0.050 5.809
2013-02-25 0.040 4.996

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Heartland Group Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Heartland Group Holdings only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Heartland Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Heartland Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Heartland Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Heartland Group Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HGH Management

 What is the CEO of Heartland Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Greenslade
COMPENSATION NZ$2,118,612
CEO Bio

Mr. Jeffrey Kenneth Greenslade, also known as Jeff, LLB, is Director since March 2019 and served as the Chief Executive Officer and as its Managing Director of Heartland Bank Limited until March 2019 .He has been the Chief Executive Officer of Marac Finance Limited since March 2009 and also as its Managing Director since December 2009. He has been the Chief Executive Officer of PGC's Marac Division at Pyne Gould Corporation Limited April 2009. Mr. Greenslade serves as the Chief Executive Officer and Managing Director of Heartland New Zealand Limited and has been its Director since September 30, 2010. He serves as the Managing Director of Pyne Gould Corp. Ltd. Mr. Greenslade served as the Chief Executive Officer of Pyne Gould Corp. Ltd. since June 2009. Mr. Greenslade has 20 years experience as a senior executive in the ANZ National Banking Group, where he last held the position of Managing Director of Corporate and Commercial Banking for ANZ National Bank. From 2003 to May 2008 he spent time on the board of UDC Finance. He has also held a number of senior positions in the Institutional and Capital Markets areas of the National Bank of New Zealand and its subsidiary Southpac. He serves as Director of Heartland Group Holdings Limited, Heartland Bank Limited and Heartland Australia Holdings Pty Limited. Mr. Greenslade has been a Director of Pyne Gould Corp. Ltd., since December 2009 and Heartland Bank Limited since September 30, 2010.

CEO Compensation
  • Jeff's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jeff's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Heartland Group Holdings management team in years:

1.3
Average Tenure
  • The average tenure for the Heartland Group Holdings management team is less than 2 years, this suggests a new team.
Management Team

Jeff Greenslade

TITLE
CEO & Executive Director
COMPENSATION
NZ$2M

Cherise Barrie

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Sarah Louise Smith

TITLE
Chief Technology & Enablement Officer

Rochelle Moloney

TITLE
Chief Communications Officer
TENURE
4.5 yrs

Laura Byrne

TITLE
Chief of People & Culture
TENURE
1.3 yrs

Ben Russell

TITLE
Head of Rural

Andrew Dixson

TITLE
Executive Officer

Ashley Weyers

TITLE
Head of IT

Lydia Zulkifli

TITLE
Chief Digital Officer

Grant Kemble

TITLE
Chief Risk Officer
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure of the Heartland Group Holdings board of directors in years:

5.8
Average Tenure
  • The tenure for the Heartland Group Holdings board of directors is about average.
Board of Directors

Geoff Ricketts

TITLE
Chairman of the Board
COMPENSATION
NZ$165K
AGE
72
TENURE
5.8 yrs

Jeff Greenslade

TITLE
CEO & Executive Director
COMPENSATION
NZ$2M
TENURE
8.8 yrs

Bruce Irvine

TITLE
Director
COMPENSATION
NZ$125K
AGE
62
TENURE
0.4 yrs

Edward Harvey

TITLE
Director
COMPENSATION
NZ$115K
TENURE
0.4 yrs

Chris Mace

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$100K
TENURE
8.8 yrs

Greg Tomlinson

TITLE
Non Executive Director
COMPENSATION
NZ$100K
TENURE
6.3 yrs

Ellie Comerford

TITLE
Independent Non Executive Director
COMPENSATION
NZ$100K
TENURE
2.4 yrs

Andrew Aitken

TITLE
Director of MARAC Insurance Limited
COMPENSATION
NZ$32K

Richard Udovenya

TITLE
Director of Australian Seniors Finance Pty Limited
COMPENSATION
NZ$36K
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Feb 19 Buy Jeffrey Greenslade Individual 22. Feb 19 22. Feb 19 141,000 A$1.33 A$187,012
X
Management checks
We assess Heartland Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Heartland Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HGH News

Simply Wall St News

HGH Company Info

Description

Heartland Group Holdings Limited provides various financial services in New Zealand and Australia. The company offers various financial services for families, including term, transactional, and savings based deposit accounts; residential and reverse mortgage lending services; and motor vehicle and consumer finance, and other financial services. It also provides term debt, plant and equipment finance, commercial mortgage lending, and working capital solutions for small-to-medium sized businesses. In addition, the company offers livestock finance, rural mortgage lending, seasonal and working capital financing, as well as leasing solutions to farmers. Further, it offers management and insurance services, as well as engages in the investment property holding activities. The company was founded in 1875 and is based in Auckland, New Zealand.

Details
Name: Heartland Group Holdings Limited
HGH
Exchange: ASX
Founded: 1875
NZ$890,803,771
569,337,727
Website: http://www.heartland.co.nz
Address: Heartland Group Holdings Limited
35 Teed Street,
Level 3,
Auckland,
1023,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE HGH New Ordinary Shares New Zealand Stock Exchange NZ NZD 02. Feb 2011
ASX HGH New Ordinary Shares Australian Securities Exchange AU AUD 02. Feb 2011
Number of employees
Current staff
Staff numbers
393
Heartland Group Holdings employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 10:40
End of day share price update: 2019/05/16 00:00
Last estimates confirmation: 2019/06/24
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.