Executive Summary
Harvest Technology Group Limited provides offshore solutions and engineering services for subsea intervention projects and asset integrity risk mitigation primarily in Australia. More Details
Risk Analysis
Snowflake Analysis
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Harvest Technology Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-2.7%
HTG
5.5%
AU Electronic
1.0%
AU Market
1 Year Return
163.0%
HTG
125.8%
AU Electronic
33.5%
AU Market
Return vs Industry: HTG exceeded the Australian Electronic industry which returned 125.8% over the past year.
Return vs Market: HTG exceeded the Australian Market which returned 33.5% over the past year.
Shareholder returns
| HTG | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | 5.5% | 1.0% |
| 30 Day | 1.4% | 10.8% | 5.3% |
| 90 Day | 1.4% | 24.9% | 5.9% |
| 1 Year | 163.0%163.0% | 131.1%125.8% | 40.5%33.5% |
| 3 Year | 904.9%859.5% | 229.5%207.8% | 36.3%16.1% |
| 5 Year | n/a | 286.9%255.2% | 67.0%31.4% |
Long-Term Price Volatility Vs. Market
How volatile is Harvest Technology Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Harvest Technology Group Ltd (ASX:HTG) Insiders Have Been Selling1 month ago | Simply Wall St
Does Harvest Technology Group (ASX:HTG) Have A Healthy Balance Sheet?2 months ago | Simply Wall St
When Can We Expect A Profit From Harvest Technology Group Ltd (ASX:HTG)?Valuation
Is Harvest Technology Group undervalued compared to its fair value and its price relative to the market?
19.27x
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 XO 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 (19.3x) compared to the AU Electronic industry average (3.3x).
Future Growth
How is Harvest Technology Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
24.6%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Harvest Technology Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Harvest Technology Group performed over the past 5 years?
-33.8%
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 33.8% 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 (10.8%).
Return on Equity
High ROE: HTG has a negative Return on Equity (-119.85%), 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$8.1M) exceed its short term liabilities (A$5.5M).
Long Term Liabilities: HTG's short term assets (A$8.1M) exceed its long term liabilities (A$3.6M).
Debt to Equity History and Analysis
Debt Level: HTG's debt to equity ratio (39.7%) is considered satisfactory.
Reducing Debt: HTG's debt to equity ratio has increased from 0.3% to 39.7% 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 sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: HTG has sufficient cash runway for 2.6 years if free cash flow continues to reduce at historical rates of 14.1% 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?
0.4yrs
Average management tenure
CEO
Paul Guilfoyle
1.58yrs
Tenure
AU$875,847
Compensation
Mr. Paul Joseph Guilfoyle, MBA has been Group Managing Director and Executive Director of Harvest Technology Group Ltd. (formerly known as Smart Marine Systems Limited) since September 03, 2019 and since J...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD677.22K) is above average for companies of similar size in the Australian market ($USD292.44K).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: HTG's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: HTG's board of directors are not considered experienced ( 1.7 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 37%.
Top Shareholders
Company Information
Harvest Technology Group Ltd's company bio, 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
- Market Cap: AU$182.733m
- Shares outstanding: 493.87m
- Website: https://www.harvest.technology
Number of Employees
Location
- Harvest Technology Group Ltd
- 61 Kings Street
- Level 2
- Perth
- Western Australia
- 6000
- Australia
Listings
Biography
Harvest Technology Group Limited provides offshore solutions and engineering services for subsea intervention projects and asset integrity risk mitigation primarily in Australia. The company provides techn...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 08:11 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.