hipages Group Holdings Limited

ASX:HPG Stock Report

Market Cap: AU$99.6m

hipages Group Holdings Past Earnings Performance

Past criteria checks 3/6

hipages Group Holdings has been growing earnings at an average annual rate of 65.1%, while the Interactive Media and Services industry saw earnings growing at 18.1% annually. Revenues have been growing at an average rate of 10.2% per year. hipages Group Holdings's return on equity is 10.8%, and it has net margins of 5.8%.

Key information

65.14%

Earnings growth rate

66.44%

EPS growth rate

Interactive Media and Services Industry Growth27.63%
Revenue growth rate10.20%
Return on equity10.79%
Net Margin5.79%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Narrative Update May 09

HPG: Share Buyback And 2026 Guidance Will Support Measured Earnings Outlook

Analysts have kept their fair value estimate for hipages Group Holdings steady at A$0.78, indicating incremental adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions rather than a change in the overall price target direction. What's in the News The Board of Directors authorized a share buyback plan on April 30, 2026, indicating approval for capital to be allocated to repurchasing shares (Key Developments).
Narrative Update Apr 23

HPG: Higher Discount Rate And 2026 Guidance Will Support Long Term Earnings Profile

Analysts have reduced their price target for hipages Group Holdings to A$0.78 from A$1.00, reflecting updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions. What's in the News hipages Group Holdings held an Analyst/Investor Day, giving the market a chance to hear directly from management about the business and outlook (Key Developments).
Narrative Update Apr 09

HPG: Revenue Guidance For 2026 Will Support Stronger Long Term Upside

Analysts have trimmed their price target for hipages Group Holdings from A$2.02 to A$1.73 as they factor in updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News hipages Group Holdings issued earnings guidance for fiscal year 2026, setting an expected revenue range of A$90 million to A$91 million.
Narrative Update Mar 25

HPG: Higher Discount Rate Will Support Attractive Long Term Earnings Profile

Analysts have trimmed their price target on hipages Group Holdings from A$1.37 to A$1.00, citing updated assumptions that include a higher discount rate, more moderate revenue growth, slightly lower profit margin expectations and a reduced future P/E multiple. What's in the News hipages Group Holdings issued earnings guidance for fiscal year 2026, with revenue expected to be in the range of A$90 million to A$91 million (company guidance).
Narrative Update Mar 11

HPG: FY26 Revenue Guidance And Margin Outlook Will Support Future Upside

Analysts have reduced their price target for hipages Group Holdings from A$2.80 to A$2.50, reflecting updated assumptions for revenue growth, discount rate, profit margin and future P/E multiples. What's in the News hipages Group Holdings issued earnings guidance for fiscal year 2026, with expected revenue in the range of A$90 million to A$91 million, providing a sense of the scale management is working toward (Key Developments).
Narrative Update Feb 25

HPG: Slightly Higher Margins And Revenue Assumptions Will Support Future Upside

Analysts have kept their A$2.80 price target for hipages Group Holdings unchanged, citing only slight adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions as reasons for maintaining their view. Valuation Changes Fair Value: A$2.80 remains unchanged, with no adjustment to the central valuation estimate.
Narrative Update Feb 10

HPG: Stable Fair Value And Refined Assumptions Will Support Future Upside

Analysts have kept their fair value estimate for hipages Group Holdings steady at A$2.80 per share, citing only minor tweaks to modelling assumptions. These include a slightly higher discount rate, modestly adjusted revenue growth and profit margin inputs, and a small change to the future P/E multiple.
Narrative Update Jan 27

HPG: Stable Fair Value And Refined Assumptions Will Support Future Upside

Narrative Update on hipages Group Holdings Analysts have kept their price target for hipages Group Holdings broadly unchanged at A$2.80, with only small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E, which supports a steady view on fair value. Valuation Changes Fair Value Estimate: Held steady at A$2.80 per share, indicating no change in the central valuation outcome.
Narrative Update Jan 11

HPG: Refined Risk And Margin Outlook Will Support Stronger Future Upside Potential

Analysts have maintained their hipages Group Holdings price target at A$2.80, supported by new modelling that makes minor adjustments to assumptions for discount rate, revenue growth, profit margins and future P/E to reflect updated views on the company’s risk profile and earnings potential. Valuation Changes Fair Value: Price target held steady at A$2.80 per share, with no change in the central valuation outcome.
Narrative Update Dec 26

HPG: New Investor Hub Will Strengthen Future Communication And Shareholder Engagement

Analysts have nudged their price target on hipages Group Holdings slightly higher to reflect modest improvements in long term revenue growth and profit margin assumptions, partly offset by a marginally higher discount rate and a slightly lower future earnings multiple. What's in the News Launched a new investor hub, providing a central portal for company updates, financial reports, presentations, ASX announcements and governance materials (company announcement) Positioned the investor hub as a key step in strengthening proactive communication and engagement with current and prospective shareholders (company announcement) Valuation Changes Fair Value: unchanged at A$2.80 per share, indicating no material shift in the core valuation outcome.
Narrative Update Dec 12

HPG: New Investor Hub Will Support Improved Market Understanding And Returns

Analysts have modestly increased their price target on hipages Group Holdings to A$2.80, supported by slightly higher assumptions for revenue growth and profit margins, which more than offset a marginally higher discount rate and lower future P E multiple. What's in the News Launched a new investor hub, providing a central portal for company updates, financial reports, investor presentations, ASX announcements and governance materials (company announcement) Positioned the investor hub as a key step in enhancing transparency and proactive engagement with both existing and prospective shareholders (company announcement) Aims to streamline access to regulatory and financial disclosures, potentially improving the investor experience and market understanding of the business (company announcement) Valuation Changes Fair Value Estimate: unchanged at A$2.80 per share, indicating no revision to the central valuation outcome.
Analysis Article Sep 17

The Return Trends At hipages Group Holdings (ASX:HPG) Look Promising

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
New Narrative Aug 26

Hipages appears to be at a significant turning point, showing strong signs of operational and financial health

Hipages appears to be at a significant turning point, showing strong signs of operational and financial health after a period of strategic change. The key takeaway from the FY25 results is the successful execution of its transition from a simple marketplace to a more integrated Software-as-a-Service (SaaS) platform, which is now yielding positive results.
Narrative Update Aug 25

New Tradie Platform Will Increase Efficiency And Customer Loyalty In Australia And New Zealand

Despite a slight downgrade in revenue growth forecasts, hipages Group Holdings' consensus price target has increased from A$1.72 to A$2.02, driven by a higher future P/E multiple. Valuation Changes Summary of Valuation Changes for hipages Group Holdings The Consensus Analyst Price Target has significantly risen from A$1.72 to A$2.02.
Analysis Article Aug 24

hipages Group Holdings Limited's (ASX:HPG) 32% Jump Shows Its Popularity With Investors

Despite an already strong run, hipages Group Holdings Limited ( ASX:HPG ) shares have been powering on, with a gain of...
Analysis Article Jun 20

Many Still Looking Away From hipages Group Holdings Limited (ASX:HPG)

It's not a stretch to say that hipages Group Holdings Limited's ( ASX:HPG ) price-to-sales (or "P/S") ratio of 1.5x...
Analysis Article Mar 02

Slammed 26% hipages Group Holdings Limited (ASX:HPG) Screens Well Here But There Might Be A Catch

hipages Group Holdings Limited ( ASX:HPG ) shares have had a horrible month, losing 26% after a relatively good period...
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New Narrative Feb 09

Integrating Job And Lead Management Will Strengthen The Value Proposition For Tradies In The Future

The hipages tradiecore platform enhances value for tradies, driving recurring revenue growth and ARPU, with future revenue growth implications.
Analysis Article Dec 18

Cautious Investors Not Rewarding hipages Group Holdings Limited's (ASX:HPG) Performance Completely

You may think that with a price-to-sales (or "P/S") ratio of 2.3x hipages Group Holdings Limited ( ASX:HPG ) is a stock...
Analysis Article Nov 21

What Is hipages Group Holdings Limited's (ASX:HPG) Share Price Doing?

hipages Group Holdings Limited ( ASX:HPG ), is not the largest company out there, but it saw significant share price...
Analysis Article Sep 04

hipages Group Holdings Limited (ASX:HPG) Stock Rockets 29% But Many Are Still Ignoring The Company

Despite an already strong run, hipages Group Holdings Limited ( ASX:HPG ) shares have been powering on, with a gain of...
Analysis Article Aug 21

Estimating The Intrinsic Value Of hipages Group Holdings Limited (ASX:HPG)

Key Insights The projected fair value for hipages Group Holdings is AU$1.20 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Feb 05

Investors Holding Back On Hipages Group Holdings Limited (ASX:HPG)

Hipages Group Holdings Limited's ( ASX:HPG ) price-to-sales (or "P/S") ratio of 1.7x might make it look like a buy...
Analysis Article Dec 14

Should You Investigate Hipages Group Holdings Limited (ASX:HPG) At AU$0.90?

Hipages Group Holdings Limited ( ASX:HPG ), might not be a large cap stock, but it received a lot of attention from a...
Analysis Article Jun 21

Is It Time To Consider Buying Hipages Group Holdings Limited (ASX:HPG)?

Hipages Group Holdings Limited ( ASX:HPG ), might not be a large cap stock, but it saw a double-digit share price rise...
Analysis Article Feb 25

AU$3.72: That's What Analysts Think Hipages Group Holdings Limited (ASX:HPG) Is Worth After Its Latest Results

Shareholders might have noticed that Hipages Group Holdings Limited ( ASX:HPG ) filed its half-yearly result this time...
Analysis Article Feb 22

Hipages Group Holdings (ASX:HPG) Is Doing The Right Things To Multiply Its Share Price

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Analysis Article Jan 27

Estimating The Fair Value Of Hipages Group Holdings Limited (ASX:HPG)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Hipages Group Holdings...
Analysis Article Aug 30

We Think Hipages Group Holdings (ASX:HPG) Can Easily Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Revenue & Expenses Breakdown

How hipages Group Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:HPG Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 25875310
30 Sep 25854310
30 Jun 25832300
31 Mar 25811300
31 Dec 24790300
30 Sep 24782290
30 Jun 24764280
31 Mar 24742280
31 Dec 23730280
30 Sep 2370-3290
30 Jun 2367-5290
31 Mar 2366-3290
31 Dec 2264-2290
30 Sep 2263-1290
30 Jun 2262-1300
31 Mar 2260-1290
31 Dec 2159-1290
30 Sep 2157-4270
30 Jun 2156-6260
31 Mar 2153-6250
31 Dec 2051-5240
30 Sep 2049-5250
30 Jun 2047-5260
30 Jun 1944-14340
30 Jun 1844-9320

Quality Earnings: HPG has high quality earnings.

Growing Profit Margin: HPG became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: HPG has become profitable over the past 5 years, growing earnings by 65.1% per year.

Accelerating Growth: HPG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HPG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (0.8%).


Return on Equity

High ROE: HPG's Return on Equity (10.8%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/12 17:53
End of Day Share Price 2026/05/12 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

hipages Group Holdings Limited is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard HarrisbergCanaccord Genuity
Elijah MayrCLSA
Sophie CarranGoldman Sachs