Heartland Group Holdings Future Growth

Future criteria checks 3/6

Heartland Group Holdings is forecast to grow earnings and revenue by 17.8% and 12.4% per annum respectively. EPS is expected to grow by 14.2% per annum. Return on equity is forecast to be 11.4% in 3 years.

Key information

17.8%

Earnings growth rate

14.2%

EPS growth rate

Banks earnings growth	3.2%
Revenue growth rate	12.4%
Future return on equity	11.4%
Analyst coverage	Low
Last updated	30 Aug 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

ASX:HGH - Analysts future estimates and past financials data (NZD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	434	162	N/A	N/A	2
6/30/2026	404	144	N/A	N/A	2
6/30/2025	357	110	N/A	N/A	2
6/30/2024	244	75	-243	-224	N/A
3/31/2024	246	80	-210	-184	N/A
12/31/2023	249	85	-395	-361	N/A
9/30/2023	255	90	-452	-423	N/A
6/30/2023	262	96	-291	-268	N/A
3/31/2023	263	96	-445	-428	N/A
12/31/2022	264	96	-598	-589	N/A
9/30/2022	259	96	-639	-629	N/A
6/30/2022	254	95	-680	-670	N/A
3/31/2022	246	93	-617	-607	N/A
12/31/2021	238	90	-555	-543	N/A
9/30/2021	237	89	-414	-404	N/A
6/30/2021	236	87	-272	-265	N/A
3/31/2021	227	82	-155	-147	N/A
12/31/2020	217	76	-37	-28	N/A
9/30/2020	211	74	-87	-80	N/A
6/30/2020	206	72	-137	-131	N/A
3/31/2020	207	76	-199	-193	N/A
12/31/2019	208	80	-261	-256	N/A
9/30/2019	198	77	-295	-290	N/A
6/30/2019	187	74	-329	-325	N/A
3/31/2019	184	72	-339	-332	N/A
12/31/2018	180	70	-348	-339	N/A
9/30/2018	177	68	-343	-334	N/A
6/30/2018	175	68	-368	-359	N/A
3/31/2018	170	65	N/A	-367	N/A
12/31/2017	164	63	N/A	-382	N/A
9/30/2017	161	63	N/A	-382	N/A
6/30/2017	156	61	N/A	-374	N/A
3/31/2017	150	59	N/A	-378	N/A
12/31/2016	148	58	N/A	-349	N/A
9/30/2016	146	57	N/A	-310	N/A
6/30/2016	144	54	N/A	-214	N/A
3/31/2016	142	52	N/A	-201	N/A
12/31/2015	140	50	N/A	-167	N/A
9/30/2015	135	48	N/A	-171	N/A
6/30/2015	133	48	N/A	-199	N/A
3/31/2015	129	46	N/A	-102	N/A
12/31/2014	126	43	N/A	-55	N/A
9/30/2014	121	39	N/A	49	N/A
6/30/2014	116	36	N/A	153	N/A
3/31/2014	111	24	N/A	144	N/A
12/31/2013	106	13	N/A	135	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HGH's forecast earnings growth (17.8% per year) is above the savings rate (2.6%).

Earnings vs Market: HGH's earnings (17.8% per year) are forecast to grow faster than the Australian market (12.4% per year).

High Growth Earnings: HGH's earnings are forecast to grow, but not significantly.

Revenue vs Market: HGH's revenue (12.4% per year) is forecast to grow faster than the Australian market (5.7% per year).

High Growth Revenue: HGH's revenue (12.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HGH's Return on Equity is forecast to be low in 3 years time (11.4%).

Heartland Group Holdings Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Heartland Group Holdings Limited Confirms Earnings Guidance for the Fiscal Year 2023

Heartland Group Holdings Limited Affirms Earnings Guidance for the Fiscal Year 2023

Heartland Group Holdings Limited Provides Earnings Guidance for the Fiscal Year 2023

Recent updates

High number of new directors

Heartland Group Holdings Limited Announces CEO Changes

Heartland Group Holdings Limited Appoints Andrew Dixson as Chief Executive Officer, Effective October 1, 2024

Final dividend of NZ$0.035 announced

Full year 2024 earnings released: EPS: NZ$0.099 (vs NZ$0.14 in FY 2023)

Heartland Group Holdings Limited Declares Final Dividend for Fiscal Year 2024, Payable on 20 September 2024

Heartland Group Holdings Limited, Annual General Meeting, Oct 30, 2024

Heartland Group Holdings Limited Intends to Appoint Robert (Rob) Bell and Simon Beckett as Independent, Non-Executive Directors, Effective 27 June 2024

Insufficient new directors

Heartland Group Holdings Limited (NZSE:HGH) completed the acquisition of Challenger Bank Limited from Challenger Limited (ASX:CGF)

New minor risk - Shareholder dilution

Heartland Group Holdings Limited has filed a Follow-on Equity Offering in the amount of NZD 210.037815 million.

Investor sentiment improves as stock rises 21%

First half 2024 earnings released: EPS: NZ$0.053 (vs NZ$0.073 in 1H 2023)

Heartland Group Holdings Limited to Report First Half, 2024 Results on Feb 27, 2024

Heartland Group Holdings Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable Om September 202, 2023

New major risk - Financial data availability

Full year 2023 earnings released: EPS: NZ$0.14 (vs NZ$0.16 in FY 2022)

Heartland Group Holdings Limited Confirms Earnings Guidance for the Fiscal Year 2023

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

First half 2023 earnings released: EPS: NZ$0.073 (vs NZ$0.081 in 1H 2022)

Heartland Group Holdings Limited to Report Fiscal Year 2023 Final Results on Sep 29, 2023

Heartland Group Holdings Limited to Report First Half, 2023 Results on Feb 23, 2023

Geoffrey Ricketts Announces Not to Stand for Reelection to the Board of Heartland Group Holdings Limited

Now 23% undervalued

Heartland Announces New Director of Heartland Bank

Heartland Group Holdings Limited (NZSE:HGH) signed a conditional share purchase agreement for the purchase of Challenger Bank Limited from Challenger Limited (ASX:CGF) for AUD 36 million.

Heartland Group Holdings Limited Affirms Earnings Guidance for the Fiscal Year 2023

Heartland Group Holdings Limited Provides Earnings Guidance for the Fiscal Year 2023

Heartland Group Holdings Limited to Report Fiscal Year 2022 Final Results on Sep 28, 2022

Heartland Group Holdings Limited to Report Fiscal Year 2022 Final Results on Sep 28, 2022

Investor sentiment deteriorated over the past week

Now 29% undervalued after recent price drop

Heartland Group Holdings Limited has completed a Follow-on Equity Offering in the amount of NZD 130 million.

Full year 2022 earnings released: EPS: NZ$0.16 (vs NZ$0.15 in FY 2021)

Heartland Group Holdings Limited Announces Unfranked Dividend for the Period Ended June 30, 2022, Payable on September 14, 2022

Heartland Group Holdings Limited to Report Fiscal Year 2022 Results on Aug 23, 2022

Heartland Group Holdings Limited, Annual General Meeting, Nov 08, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Heartland Group Holdings Limited (NZSE:HGH) completed the acquisition of StockCo Holdings 2 Pty Ltd from StockCo (Australia) Pty Ltd and Elders Rural Services Australia Limited for approximately AUD 150 million.

Heartland Group Holdings Limited Announces the Appointment of Chris Flood as Deputy Group Chief Executive Officer

Heartland Group Holdings Limited Announces Executives Appointment

Heartland Group Holdings Limited (NZSE:HGH) has signed conditional sale documentation to acquire StockCo Holdings 2 Pty Ltd from StockCo (Australia) Pty Ltd and Elders Rural Services Australia Limited for AUD 154 million.

Insider recently sold AU$85k worth of stock

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Heartland Group Holdings Limited Declares Dividend for the Six Months Ended December 31, 2021, Payable on 16 March 2022

Now 23% undervalued after recent price drop

Heartland Group Holdings Limited to Report First Half, 2022 Results on Feb 22, 2022

Full year 2021 earnings released: EPS NZ$0.15 (vs NZ$0.13 in FY 2020)

Heartland Group Holdings Limited (NZSE:HGH) agreed to acquire remaining 75% stake in Fuelled Limited.

Group Chief of Staff & Senior Manager recently sold AU$212k worth of stock

Group Chief Risk Officer has left the company

First half 2021 earnings released: EPS NZ$0.076 (vs NZ$0.069 in 1H 2020)

Heartland Group Holdings Limited Announces Resignation of Grant Kemble as Group Chief Risk Officer, Effective 31 March 2021

Heartland Group Holdings Limited to Report First Half, 2021 Results on Feb 22, 2021

Investor sentiment improved over the past week

Full year earnings released - EPS AU$0.12

Heartland Group Holdings Limited to Report Fiscal Year 2020 Final Results on Oct 30, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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