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HRL Holdings

ASX:HRL
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRL
ASX
A$48M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

HRL Holdings Limited, through its subsidiaries, provides various environmental and laboratory service in Australia and New Zealand. The last earnings update was 137 days ago. More info.


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  • HRL Holdings has significant price volatility in the past 3 months.
HRL Share Price and Events
7 Day Returns
-16.4%
ASX:HRL
0.9%
AU Commercial Services
1.6%
AU Market
1 Year Returns
-51.6%
ASX:HRL
24.2%
AU Commercial Services
5.3%
AU Market
HRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HRL Holdings (HRL) -16.4% -16.4% 0% -51.6% -16.4% -
AU Commercial Services 0.9% 4.2% 9.4% 24.2% 27.2% 51.7%
AU Market 1.6% 3.2% 8.3% 5.3% 28.1% 13.8%
1 Year Return vs Industry and Market
  • HRL underperformed the Commercial Services industry which returned 24.2% over the past year.
  • HRL underperformed the Market in Australia which returned 5.3% over the past year.
Price Volatility
HRL
Industry
5yr Volatility vs Market

HRL Value

 Is HRL 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 HRL 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 HRL Holdings.

ASX:HRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
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:HRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 30%) (2.87%))
0.798
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:HRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HRL Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:HRL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.08%)
2019 -4.85 Analyst x2 -4.53
2020 1.20 Analyst x2 1.05
2021 3.90 Analyst x2 3.18
2022 5.56 Est @ 42.5% 4.23
2023 7.25 Est @ 30.45% 5.15
2024 8.85 Est @ 22.01% 5.87
2025 10.27 Est @ 16.1% 6.36
2026 11.50 Est @ 11.96% 6.65
2027 12.54 Est @ 9.07% 6.78
2028 13.42 Est @ 7.04% 6.77
Present value of next 10 years cash flows A$41.50
ASX:HRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$13.42 × (1 + 2.31%) ÷ (7.08% – 2.31%)
A$288.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$288.02 ÷ (1 + 7.08%)10
A$145.33
ASX:HRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$41.50 + A$145.33
A$186.82
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$186.82 / 493.40
A$0.38
ASX:HRL Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.38
Current discount Discount to share price of A$0.09
= -1 x (A$0.09 - A$0.38) / A$0.38
75.7%

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

Current Discount
Amount off the current price HRL Holdings is available for.
Intrinsic value
>50%
Share price is A$0.092 vs Future cash flow value of A$0.37865
Current Discount Checks
For HRL Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • HRL Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • HRL Holdings's share price is below the future cash flow value, and 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 HRL Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HRL Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:HRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:HRL Share Price ** ASX (2019-06-24) in AUD A$0.09
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 20.82x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.25x

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

** Primary Listing of HRL Holdings.

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

= ASX:HRL Share Price ÷ EPS (both in AUD)

= 0.09 ÷ -0.01

-7.94x

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

  • HRL Holdings is loss making, we can't compare its value to the AU Commercial Services industry average.
  • HRL Holdings is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does HRL Holdings's expected growth come at a high price?
Raw Data
ASX:HRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
99.7%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 1.74x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for HRL Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HRL Holdings's assets?
Raw Data
ASX:HRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.06
ASX:HRL Share Price * ASX (2019-06-24) in AUD A$0.09
Australia Commercial Services Industry PB Ratio Median Figure of 26 Publicly-Listed Commercial Services Companies 3.18x
Australia Market PB Ratio Median Figure of 1,689 Publicly-Listed Companies 1.63x
ASX:HRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:HRL Share Price ÷ Book Value per Share (both in AUD)

= 0.09 ÷ 0.06

1.42x

* Primary Listing of HRL Holdings.

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

  • HRL Holdings is good value based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess HRL 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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. HRL Holdings has a total score of 3/6, 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.

HRL Future Performance

 How is HRL Holdings expected to perform in the next 1 to 3 years based on estimates from 2 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
99.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HRL Holdings expected to grow at an attractive rate?
  • HRL Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • HRL Holdings's earnings growth is expected to exceed the Australia market average.
  • HRL Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:HRL Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:HRL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 99.7%
ASX:HRL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.9%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 9%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7%
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:HRL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:HRL Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 47 1
2022-06-30 43 1
2021-06-30 37 6 3 2
2020-06-30 34 5 -1 2
2019-06-30 31 3 -7 2
ASX:HRL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 30 3 -6
2018-09-30 29 4 -4
2018-06-30 27 4 -2
2018-03-31 23 3 -1
2017-12-31 19 1 0
2017-09-30 16 1 0
2017-06-30 14 0 0
2017-03-31 12 0 0
2016-12-31 10 -1 0
2016-09-30 9 0 0
2016-06-30 8 0 0
2016-03-31 8 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HRL Holdings's earnings are expected to grow significantly at over 20% yearly.
  • HRL Holdings's revenue is expected to grow by 9.9% 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:HRL 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 2 Analyst Estimates (S&P Global) See Below

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

ASX:HRL Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30
2020-06-30
2019-06-30
ASX:HRL Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*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.
  • HRL Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HRL 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.
HRL Holdings has a total score of 4/6, 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.

HRL Past Performance

  How has HRL 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 HRL Holdings's growth in the last year to its industry (Commercial Services).
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.
  • HRL Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare HRL Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare HRL Holdings's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
HRL 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 HRL Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:HRL Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 30.41 -5.57 1.88
2018-09-30 28.86 -3.54 1.78
2018-06-30 27.31 -1.50 1.69
2018-03-31 23.23 -0.76 1.53
2017-12-31 19.16 -0.02 1.37
2017-09-30 16.40 0.06 1.26
2017-06-30 13.65 0.13 1.16
2017-03-31 11.63 -0.05 1.10
2016-12-31 9.62 -0.23 1.03
2016-09-30 9.00 -0.06 0.93
2016-06-30 8.39 0.12 0.83
2016-03-31 7.62 0.18 0.84
2015-12-31 6.86 0.24 0.84
2015-09-30 5.76 -0.67 0.67
2015-06-30 4.67 -1.58 0.49
2014-12-31 3.74 -0.52 -0.04
2014-06-30 4.18 1.21

*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.
  • It is difficult to establish if HRL Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if HRL Holdings has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if HRL Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess HRL 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 Commercial Services 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.
HRL Holdings has a total score of 0/6, 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.

HRL Health

 How is HRL Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HRL Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HRL Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HRL Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HRL 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.8x debt.
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 HRL Holdings Company Filings, last reported 5 months ago.

ASX:HRL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 31.90 0.00 4.21
2018-09-30 31.90 0.00 4.21
2018-06-30 35.23 0.00 5.39
2018-03-31 35.23 0.00 5.39
2017-12-31 36.51 0.37 3.87
2017-09-30 36.51 0.37 3.87
2017-06-30 15.11 0.42 0.73
2017-03-31 15.11 0.42 0.73
2016-12-31 6.76 1.77 0.48
2016-09-30 6.76 1.77 0.48
2016-06-30 6.68 1.28 0.39
2016-03-31 6.68 1.28 0.39
2015-12-31 6.84 0.53 0.73
2015-09-30 6.84 0.53 0.73
2015-06-30 6.22 0.11 0.86
2014-12-31 2.27 0.00 1.76
2014-06-30 0.77 0.00 0.05
  • HRL Holdings's level of debt (4.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if HRL Holdings's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making HRL Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making HRL Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -104.2% per year.
X
Financial health checks
We assess HRL 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. HRL 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.

HRL Dividends

 What is HRL 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
0%
Current annual income from HRL Holdings dividends. Estimated to be 0.68% next year.
If you bought A$2,000 of HRL Holdings shares you are expected to receive A$0 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?
  • Unable to evaluate HRL Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate HRL Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:HRL 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 2 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4.1%
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:HRL Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.00 1.00
2022-06-30 0.00 1.00
2021-06-30 0.00 2.00
2020-06-30 0.00 2.00
2019-06-30 0.00 2.00

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

  • Unable to perform a dividend volatility check as HRL Holdings has not reported any payouts.
  • Unable to verify if HRL Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of HRL Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as HRL Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of HRL Holdings's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess HRL 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 HRL Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HRL Holdings has a total score of 0/6, see the detailed checks below.


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

HRL Management

 What is the CEO of HRL 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
Steven Dabelstein
COMPENSATION A$281,712
TENURE AS CEO 4.4 years
CEO Bio

Mr. Steven Dabelstein has been the Chief Executive Officer of HRL Holdings Limited since January 5, 2015. Mr. Dabelstein served as General Manager of Group Commercial & Mining and Maintenance Services QLD at Diversified Mining Services Limited. Mr. Dabelstein has a strong financial background in various roles prior to joining DMS with experience in public practice accounting, coal, manufacturing, service and construction industries. He served as Chief Executive Officer of Hot Rock Limited since January 5, 2015. His Previous roles have provided exposure to large scale international businesses reporting through and working with companies in US, Asia and Europe. Since joining DMS in 2010 in the Brisbane office, Mr. Dabelstein relocated to Mackay in 2011 and has progressed internally through Finance/Commercial positions and to the General Management role looking after the QLD Services operations. Mr. Dabelstein has professional qualifications including a CPA (Certified Practicing Accountant) and also holds a Bachelor of Commerce.

CEO Compensation
  • Steven's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steven's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the HRL Holdings management team in years:

4.6
Average Tenure
  • The tenure for the HRL Holdings management team is about average.
Management Team

Steven Dabelstein

TITLE
Chief Executive Officer
COMPENSATION
A$282K
TENURE
4.4 yrs

Michael Harvey

TITLE
Chief Finance Officer
COMPENSATION
A$187K
TENURE
4.8 yrs

Darren Anderson

TITLE
Executive Director
COMPENSATION
A$269K
TENURE
0.3 yrs

Steve Howse

TITLE
Executive Director
COMPENSATION
A$50K

Paul Marshall

TITLE
Company Secretary
COMPENSATION
A$52K
TENURE
11.9 yrs
Board of Directors Tenure

Average tenure of the HRL Holdings board of directors in years:

1.3
Average Tenure
  • The average tenure for the HRL Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Greg Kilmister

TITLE
Non-Executive Chairman
AGE
62
TENURE
0.3 yrs

Darren Anderson

TITLE
Executive Director
COMPENSATION
A$269K
TENURE
4.8 yrs

Steve Howse

TITLE
Executive Director
COMPENSATION
A$50K
TENURE
1.3 yrs

John Taylor

TITLE
Non-Executive Director
COMPENSATION
A$40K
AGE
64
TENURE
4.6 yrs

James Scott Todd

TITLE
Non-Executive Director
COMPENSATION
A$13K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
08. Apr 19 Buy Viburnum Funds Pty Ltd. Company 10. Sep 18 05. Apr 19 8,561,473 A$0.16 A$862,783
07. Dec 18 Buy James Scott Todd Individual 07. Dec 18 07. Dec 18 400,000 A$0.12 A$47,964
05. Dec 18 Buy Darren Anderson Individual 05. Dec 18 05. Dec 18 160,000 A$0.12 A$20,000
05. Dec 18 Sell John Taylor Individual 05. Dec 18 05. Dec 18 -40,000 A$0.12 A$-4,800
05. Dec 18 Buy John Taylor Individual 05. Dec 18 05. Dec 18 40,000 A$0.12 A$4,800
05. Dec 18 Buy John Taylor Individual 04. Dec 18 04. Dec 18 180,000 A$0.12 A$21,600
26. Oct 18 Sell Adam Smith Asset Management Pty Limited Company 29. Nov 17 25. Oct 18 -2,422,353 A$0.18 A$-424,741
26. Oct 18 Buy Adam Smith Asset Management Pty Limited Company 29. Nov 17 25. Oct 18 1,026,167 A$0.13 A$133,042
06. Sep 18 Buy Viburnum Funds Pty Ltd. Company 05. Sep 18 05. Sep 18 1,500,000 A$0.17 A$247,500
X
Management checks
We assess HRL 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. HRL 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.

HRL News

Simply Wall St News

Is HRL Holdings Limited's (ASX:HRL) CEO Paid Enough Relative To Peers?

Check out our latest analysis for HRL Holdings How Does Steven Dabelstein's Compensation Compare With Similar Sized Companies? … Our data indicates that HRL Holdings Limited is worth AU$57m, and total annual CEO compensation is AU$282k. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at HRL Holdings.

Simply Wall St -

Those Who Purchased HRL Holdings (ASX:HRL) Shares A Year Ago Have A 42% Loss To Show For It

Because HRL Holdings is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.

Simply Wall St -

Do Institutions Own HRL Holdings Limited (ASX:HRL) Shares?

A look at the shareholders of HRL Holdings Limited (ASX:HRL) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Our Take On HRL Holdings Limited's (ASX:HRL) CEO Salary

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steven Dabelstein's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that HRL Holdings Limited has a market cap of AU$47m, and is paying total annual CEO compensation of AU$282k.

Simply Wall St -

Calculating The Intrinsic Value Of HRL Holdings Limited (ASX:HRL)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Do Insiders Own Lots Of Shares In HRL Holdings Limited (ASX:HRL)?

The big shareholder groups in HRL Holdings Limited (ASX:HRL) have power over the company. … Taking a look at the our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about HRL

Simply Wall St -

Should You Worry About HRL Holdings Limited's (ASX:HRL) CEO Pay Cheque?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Steven Dabelstein's Compensation Compare With Similar Sized Companies. … According to our data, HRL Holdings Limited has a market capitalization of AU$84m, and pays its CEO total annual compensation worth AU$282k.

Simply Wall St -

Who Are The Top Investors In HRL Holdings Limited (ASX:HRL)?

In this article, I'm going to take a look at HRL Holdings Limited’s (ASX:HRL) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine HRL's ownership structure in more detail.

Simply Wall St -

Are HRL Holdings Limited's (ASX:HRL) Interest Costs Too High?

HRL Holdings Limited (ASX:HRL) is a small-cap stock with a market capitalization of AU$88.81m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Does HRL Holdings Limited's (ASX:HRL) Earnings Growth Make It An Outperformer?

Today I will take you through a basic sense check to gain perspective on how HRL Holdings is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … View our latest analysis for HRL Holdings How HRL fared against its long-term earnings performance and its industry I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For HRL Holdings, its latest earnings (trailing twelve month) is -AU$17.28K, which compared to the previous year's figure, has become less negative.

Simply Wall St -

HRL Company Info

Description

HRL Holdings Limited, through its subsidiaries, provides various environmental and laboratory service in Australia and New Zealand. It engages in the management of safe containments or removal of hazardous contaminates; sampling of water and soils for toxic materials, such as asbestos, metals, and other contaminates; dust, noise, and vibration sampling and monitoring; environmental compliance monitoring; contaminated land assessment; ecological assessment; environmental auditing; and project management activities. The company also offers geotechnical engineering, construction materials testing, and engineering geology services to civil, engineering, construction, and mining industries; information management software solutions for asbestos and hazardous materials; field management software solutions; and customized compliance solutions and applications relating to workplace health and safety. In addition, it provides hosting services for hazmat compliance data and registers; quality management systems; laboratory management systems; field surveying tools; on demand programming services; and data migration and training services. The company is headquartered in Brisbane, Australia.

Details
Name: HRL Holdings Limited
HRL
Exchange: ASX
Founded:
A$48,353,457
493,402,627
Website: http://www.hrlholdings.com
Address: HRL Holdings Limited
Waterfront Place,
Level 9,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX HRL Ordinary Shares Australian Securities Exchange AU AUD 16. Sep 2014
CHIA HRL Ordinary Shares Chi-X Australia AU AUD 16. Sep 2014
Number of employees
Current staff
Staff numbers
0
HRL Holdings employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 10:37
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/02/07
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.