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
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with adequate balance sheet.
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 +/- 9% a week.
Volatility Over Time: HTG's weekly volatility has decreased from 16% to 9% over the past year.
Market Performance
7 Day Return
11.1%
HTG
2.2%
AU Electronic
-0.3%
AU Market
1 Year Return
438.5%
HTG
35.9%
AU Electronic
-1.6%
AU Market
Return vs Industry: HTG exceeded the Australian Electronic industry which returned 35.9% over the past year.
Return vs Market: HTG exceeded the Australian Market which returned -1.6% over the past year.
Shareholder returns
| HTG | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.1% | 2.2% | -0.3% |
| 30 Day | 7.7% | 7.6% | 1.5% |
| 90 Day | 20.7% | 9.6% | 9.2% |
| 1 Year | 438.5%438.5% | 39.3%35.9% | 1.7%-1.6% |
| 3 Year | 947.4%900.0% | 132.3%115.9% | 26.2%10.7% |
| 5 Year | n/a | 210.5%184.1% | 68.7%35.5% |
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
3 weeks ago | Simply Wall St
Have Insiders Been Selling Harvest Technology Group Ltd (ASX:HTG) Shares This Year?1 month ago | Simply Wall St
Did You Participate In Any Of Harvest Technology Group's (ASX:HTG) Incredible 828% Return?2 months ago | Simply Wall St
Is Harvest Technology Group (ASX:HTG) Using Too Much Debt?Valuation
Is Harvest Technology Group undervalued compared to its fair value and its price relative to the market?
12.08x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: HTG (A$0.35) is trading above our estimate of fair value (A$0.09)
Significantly Below Fair Value: HTG is trading above our estimate of fair value.
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 (12.1x) compared to the AU Electronic industry average (4.2x).
Next Steps
Future Growth
How is Harvest Technology Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
132.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HTG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: HTG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HTG's is expected to become profitable in the next 3 years.
Revenue vs Market: HTG's revenue (28.1% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: HTG's revenue (28.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HTG's Return on Equity is forecast to be very high in 3 years time (41%).
Next Steps
Past Performance
How has Harvest Technology Group performed over the past 5 years?
-21.9%
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 21.9% 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 (-0.9%).
Return on Equity
High ROE: HTG has a negative Return on Equity (-47.59%), as it is currently unprofitable.
Next Steps
Financial Health
How is Harvest Technology Group's financial position?
Financial Position Analysis
Short Term Liabilities: HTG's short term assets (A$12.5M) exceed its short term liabilities (A$4.7M).
Long Term Liabilities: HTG's short term assets (A$12.5M) exceed its long term liabilities (A$6.9M).
Debt to Equity History and Analysis
Debt Level: HTG's debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: HTG's debt to equity ratio has increased from 0.02% to 28.9% 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 sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HTG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
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?
1.5yrs
Average board tenure
CEO
Paul Guilfoyle
1.33yrs
Tenure
AU$875,847
Compensation
Mr. Paul Joseph Guilfoyle, MBA has been Group Managing Director and Executive Director of Harvest Technology Group Ltd. (formerly known as Smart Marine Systems Limited) since September 03, 2019 and since J...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD676.02K) is above average for companies of similar size in the Australian market ($USD294.38K).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group MD & Executive Director | 1.33yrs | AU$875.85k | 2.49% A$ 4.4m | |
| Non-Executive Independent Director | 1.67yrs | AU$82.51k | 0.50% A$ 881.1k | |
| Non-Executive Independent Director | 1.33yrs | AU$71.45k | 3.17% A$ 5.6m | |
| Independent Non-Executive Chairman | 0.58yr | AU$987.00 | no data |
1.5yrs
Average Tenure
Experienced Board: HTG's board of directors are not considered experienced ( 1.5 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 only sold shares 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 46.5%.
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$176.505m
- Shares outstanding: 490.29m
- Website: https://www.harvest.technology
Number of Employees
Location
- Harvest Technology Group Ltd
- 61 Kings Street
- Level 2
- Perth
- Western Australia
- 6000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HTG | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2016 |
| HTG | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2016 |
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 | 2021/01/18 07:03 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/06/30 |
| 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.