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HTG

Harvest Technology GroupASX:HTG Stock Report

Last Price

AU$0.19

Market Cap

AU$103.4m

7D

-9.5%

1Y

-54.8%

Updated

23 Jan, 2022

Data

Company Financials +
HTG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

HTG Stock Overview

Harvest Technology Group Ltd provides offshore solutions and engineering services for subsea intervention projects and asset integrity risk mitigation primarily in Australia and the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Harvest Technology Group
Historical stock prices
Current Share PriceAU$0.19
52 Week HighAU$0.50
52 Week LowAU$0.18
Beta0.36
1 Month Change-11.63%
3 Month Change-44.12%
1 Year Change-54.76%
3 Year Change900.00%
5 Year Change26.67%
Change since IPO-17.39%

Recent News & Updates

Oct 12
Is Harvest Technology Group (ASX:HTG) Using Debt Sensibly?

Is Harvest Technology Group (ASX:HTG) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 14
Does Harvest Technology Group (ASX:HTG) Have A Healthy Balance Sheet?

Does Harvest Technology Group (ASX:HTG) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

HTGAU ElectronicAU Market
7D-9.5%-6.2%-2.8%
1Y-54.8%30.7%5.8%

Return vs Industry: HTG underperformed the Australian Electronic industry which returned 30.7% over the past year.

Return vs Market: HTG underperformed the Australian Market which returned 5.8% over the past year.

Price Volatility

Is HTG's price volatile compared to industry and market?
HTG volatility
HTG Average Weekly Movement10.9%
Electronic Industry Average Movement7.3%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: HTG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: HTG's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201116Paul Guilfoylehttps://harvest.technology

Harvest Technology Group Ltd provides offshore solutions and engineering services for subsea intervention projects and asset integrity risk mitigation primarily in Australia and the United States. The company provides technology based subsea and asset integrity risk mitigation solutions for the energy, renewable, and resource sectors; and data transfer, encryption, and compression services to clients operating in offshore and remote environments. Its products include Infinity Data that enables remote operations with network optimized livestreaming; Infinity Wearwolf, a software that enables point-to-point video and voice communications for simultaneous review, live analysis, and collaboration; Infinity Nodecom, which provides a direct channel for two-way communication; Opsivity that assists remote technicians with real-time field support; Infinity Nodestream Mini/Infinity Nodestream Quad, which allows video feeds to be distributed point-to-point from anywhere in the world through satellite; and Infinity AVR2, a secure point-to-cloud video distribution solution.

Harvest Technology Group Fundamentals Summary

How do Harvest Technology Group's earnings and revenue compare to its market cap?
HTG fundamental statistics
Market CapAU$103.36m
Earnings (TTM)-AU$10.24m
Revenue (TTM)AU$8.29m

12.5x

P/S Ratio

-10.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HTG income statement (TTM)
RevenueAU$8.29m
Cost of RevenueAU$6.54m
Gross ProfitAU$1.75m
ExpensesAU$11.99m
Earnings-AU$10.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.019
Gross Margin21.09%
Net Profit Margin-123.46%
Debt/Equity Ratio22.9%

How did HTG perform over the long term?

See historical performance and comparison

Valuation

Is Harvest Technology Group undervalued compared to its fair value and its price relative to the market?

6.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HTG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HTG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HTG is unprofitable, so we can't compare its PE Ratio to the Australian Electronic industry average.

PE vs Market: HTG is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HTG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HTG is overvalued based on its PB Ratio (6.5x) compared to the AU Electronic industry average (4.3x).


Future Growth

How is Harvest Technology Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

86.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HTG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HTG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HTG's revenue (42.8% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: HTG's revenue (42.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HTG's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Harvest Technology Group performed over the past 5 years?

-37.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HTG is currently unprofitable.

Growing Profit Margin: HTG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HTG is unprofitable, and losses have increased over the past 5 years at a rate of 37.5% per year.

Accelerating Growth: Unable to compare HTG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HTG is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (178.2%).


Return on Equity

High ROE: HTG has a negative Return on Equity (-64.66%), as it is currently unprofitable.


Financial Health

How is Harvest Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: HTG's short term assets (A$13.5M) exceed its short term liabilities (A$5.1M).

Long Term Liabilities: HTG's short term assets (A$13.5M) exceed its long term liabilities (A$3.6M).


Debt to Equity History and Analysis

Debt Level: HTG has more cash than its total debt.

Reducing Debt: HTG's debt to equity ratio has increased from 0.3% to 22.9% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: HTG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HTG has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 31.4% each year


Dividend

What is Harvest Technology Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HTG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HTG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HTG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HTG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Paul Guilfoyle

2.33yrs

Tenure

AU$418,180

Compensation

Mr. Paul Joseph Guilfoyle, MBA, has been Group Chief Executive Officer and Executive Director of Harvest Technology Group Ltd. (formerly known as Smart Marine Systems Limited) since September 03, 2019 and...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD301.30K) is about average for companies of similar size in the Australian market ($USD291.61K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HTG's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: HTG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HTG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.7%.


Top Shareholders

Company Information

Harvest Technology Group Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Harvest Technology Group Ltd
  • Ticker: HTG
  • Exchange: ASX
  • Founded: 2011
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: AU$103.361m
  • Shares outstanding: 544.01m
  • Website: https://harvest.technology

Number of Employees


Location

  • Harvest Technology Group Ltd
  • 7 Turner Avenue
  • Technology Park
  • Bentley
  • Western Australia
  • 6102
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 07:02
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.