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Hargreaves Lansdown

DB:DMB
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DMB
DB
£10B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Hargreaves Lansdown plc provides direct-to-investor investment services for individuals and corporates in the United Kingdom and Poland. The last earnings update was 80 days ago. More info.


Add to Portfolio Compare Print
  • Hargreaves Lansdown has significant price volatility in the past 3 months.
DMB Share Price and Events
7 Day Returns
3.9%
DB:DMB
3%
DE Capital Markets
2.4%
DE Market
1 Year Returns
27.8%
DB:DMB
-13.5%
DE Capital Markets
-6.2%
DE Market
DMB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hargreaves Lansdown (DMB) 3.9% 17.4% 25.7% 27.8% - -
DE Capital Markets 3% 0.7% 4.8% -13.5% -18.7% -47.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • DMB outperformed the Capital Markets industry which returned -13.5% over the past year.
  • DMB outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
DMB
Industry
5yr Volatility vs Market

DMB Value

 Is Hargreaves Lansdown 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 Hargreaves Lansdown 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 Hargreaves Lansdown.

DB:DMB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= £1.26 * 54.4%
£0.68
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. £1.26
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:DMB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 19%) (0%))
0.821
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.821 * 6.65%)
5.69%

Discounted Cash Flow Calculation for DB:DMB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hargreaves Lansdown is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:DMB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (54.4% – 5.69%) * £1.26)
£0.61
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.61 / (5.69% - 0.23%)
£11.18
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.26 + £11.18
£12.44
DB:DMB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DMB represents 1.15413x of LSE:HL.
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.15413x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 12.44 x 1.15413
€14.36
Value per share (EUR) From above. €14.36
Current discount Discount to share price of €25.16
= -1 x (€25.16 - €14.36) / €14.36
-75.3%

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

  • The current share price of Hargreaves Lansdown is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Hargreaves Lansdown's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hargreaves Lansdown's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DMB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.51
LSE:HL. Share Price ** LSE (2019-04-18) in GBP £21.8
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 18.05x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Hargreaves Lansdown.

DB:DMB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:HL. Share Price ÷ EPS (both in GBP)

= 21.8 ÷ 0.51

42.82x

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

  • Hargreaves Lansdown is overvalued based on earnings compared to the DE Capital Markets industry average.
  • Hargreaves Lansdown is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Hargreaves Lansdown's expected growth come at a high price?
Raw Data
DB:DMB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
11.2%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.27x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:DMB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.82x ÷ 11.2%

3.82x

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

  • Hargreaves Lansdown is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hargreaves Lansdown's assets?
Raw Data
DB:DMB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.81
LSE:HL. Share Price * LSE (2019-04-18) in GBP £21.8
Germany Capital Markets Industry PB Ratio Median Figure of 30 Publicly-Listed Capital Markets Companies 1.95x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:DMB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:HL. Share Price ÷ Book Value per Share (both in GBP)

= 21.8 ÷ 0.81

26.89x

* Primary Listing of Hargreaves Lansdown.

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

  • Hargreaves Lansdown is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Hargreaves Lansdown'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Hargreaves Lansdown has a total score of 0/6, 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.

DMB Future Performance

 How is Hargreaves Lansdown expected to perform in the next 1 to 3 years based on estimates from 11 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
11.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hargreaves Lansdown expected to grow at an attractive rate?
  • Hargreaves Lansdown's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hargreaves Lansdown's earnings growth is positive but not above the Germany market average.
  • Hargreaves Lansdown's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DMB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DMB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 11.2%
DB:DMB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 10.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 28.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:DMB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DMB Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 736 496 398 1
2022-06-30 670 453 363 1
2021-06-30 590 351 306 10
2020-06-30 531 313 274 11
2019-06-30 481 277 246 11
DB:DMB Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 468 253 242
2018-09-30 458 249 239
2018-06-30 448 245 236
2018-03-31 432 240 230
2017-12-31 417 234 225
2017-09-30 401 230 218
2017-06-30 386 227 212
2017-03-31 348 211 204
2016-12-31 311 195 196
2016-09-30 319 180 187
2016-06-30 327 165 177
2016-03-31 312 172 170

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hargreaves Lansdown's earnings are expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
  • Hargreaves Lansdown's revenue is expected to grow by 10.1% 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
DB:DMB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Hargreaves Lansdown Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DMB Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 0.83 0.83 0.83 1.00
2022-06-30 0.76 0.76 0.76 1.00
2021-06-30 0.65 0.70 0.60 9.00
2020-06-30 0.58 0.64 0.54 10.00
2019-06-30 0.52 0.53 0.50 10.00
DB:DMB Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.51
2018-09-30 0.50
2018-06-30 0.50
2018-03-31 0.49
2017-12-31 0.47
2017-09-30 0.46
2017-06-30 0.45
2017-03-31 0.43
2016-12-31 0.41
2016-09-30 0.39
2016-06-30 0.37
2016-03-31 0.36

*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.
  • Hargreaves Lansdown is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Hargreaves Lansdown'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Hargreaves Lansdown has a total score of 3/6, 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.

DMB Past Performance

  How has Hargreaves Lansdown 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 Hargreaves Lansdown's growth in the last year to its industry (Capital Markets).
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.
  • Hargreaves Lansdown's year on year earnings growth rate has been positive over the past 5 years.
  • Hargreaves Lansdown's 1-year earnings growth is less than its 5-year average (7.6% vs 10.2%)
  • Hargreaves Lansdown's earnings growth has not exceeded the DE Capital Markets industry average in the past year (7.6% vs 20.3%).
Earnings and Revenue History
Hargreaves Lansdown'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 Hargreaves Lansdown Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DMB Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 467.90 241.50 18.30
2018-09-30 457.70 238.90 18.75
2018-06-30 447.50 236.30 19.20
2018-03-31 432.15 230.40 18.55
2017-12-31 416.80 224.50 17.90
2017-09-30 401.20 218.10 17.35
2017-06-30 385.60 211.70 16.80
2017-03-31 348.08 203.94 18.10
2016-12-31 310.56 196.19 19.40
2016-09-30 318.53 186.54 16.50
2016-06-30 326.50 176.90 13.60
2016-03-31 312.09 170.25 6.80
2015-12-31 297.68 163.59
2015-09-30 295.94 160.13
2015-06-30 294.19 156.66
2015-03-31 345.71 159.12
2014-12-31 397.23 161.58
2014-09-30 377.81 161.83
2014-06-30 358.39 162.09
2014-03-31 334.45 159.97 -23.49
2013-12-31 310.50 157.85 -46.99
2013-09-30 301.45 153.12 -23.49
2013-06-30 292.40 148.39
2013-03-31 279.29 139.71 45.63
2012-12-31 266.18 131.02 91.26
2012-09-30 252.46 121.99 88.41
2012-06-30 238.74 112.96 85.56

*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.
  • Hargreaves Lansdown made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Hargreaves Lansdown used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Hargreaves Lansdown's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hargreaves Lansdown'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 Capital Markets 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.
Hargreaves Lansdown has a total score of 3/6, 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.

DMB Health

 How is Hargreaves Lansdown'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 Hargreaves Lansdown's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hargreaves Lansdown is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hargreaves Lansdown's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hargreaves Lansdown'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.
  • Hargreaves Lansdown has no debt, it does not need to be covered by short term assets.
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 Hargreaves Lansdown Company Filings, last reported 3 months ago.

DB:DMB Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 385.50 0.00 322.90
2018-09-30 385.50 0.00 322.90
2018-06-30 405.20 0.00 348.80
2018-03-31 405.20 0.00 348.80
2017-12-31 333.10 0.00 280.10
2017-09-30 333.10 0.00 280.10
2017-06-30 307.70 0.00 265.50
2017-03-31 307.70 0.00 265.50
2016-12-31 236.44 0.00 194.56
2016-09-30 236.44 0.00 194.56
2016-06-30 254.20 0.00 212.40
2016-03-31 254.20 0.00 212.40
2015-12-31 214.71 0.00 182.44
2015-09-30 214.71 0.00 182.44
2015-06-30 237.07 0.00 217.66
2015-03-31 237.07 0.00 217.66
2014-12-31 189.17 0.00 154.50
2014-09-30 189.17 0.00 154.50
2014-06-30 228.34 0.00 202.11
2014-03-31 228.34 0.00 202.11
2013-12-31 180.35 0.00 169.72
2013-09-30 180.35 0.00 169.72
2013-06-30 197.15 0.00 178.37
2013-03-31 197.15 0.00 178.37
2012-12-31 146.85 0.00 149.57
2012-09-30 146.85 0.00 149.57
2012-06-30 157.42 0.00 159.95
  • Hargreaves Lansdown has no debt.
  • Hargreaves Lansdown has not taken on any debt in the past 5 years.
  • Hargreaves Lansdown has no debt, it does not need to be covered by operating cash flow.
  • Hargreaves Lansdown has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hargreaves Lansdown'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. Hargreaves Lansdown has a total score of 6/6, 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.

DMB Dividends

 What is Hargreaves Lansdown'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
1.48%
Current annual income from Hargreaves Lansdown dividends. Estimated to be 2.15% next year.
If you bought €2,000 of Hargreaves Lansdown shares you are expected to receive €30 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?
  • Hargreaves Lansdown's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Hargreaves Lansdown's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
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
DB:DMB 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 11 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DMB Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.67 1.00
2022-06-30 0.61 1.00
2021-06-30 0.51 11.00
2020-06-30 0.46 12.00
2019-06-30 0.41 12.00
DB:DMB Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-08-30 0.322 1.711
2018-08-07 0.322 1.502
2017-08-30 0.290 1.684
2017-08-15 0.290 2.148
2017-02-08 0.348 2.586
2016-09-07 0.340 2.725
2016-02-03 0.335 2.626
2015-09-09 0.330 2.422
2014-09-03 0.320 2.975
2014-02-05 0.303 2.469
2013-09-04 0.296 2.483
2013-02-07 0.238 2.552
2012-10-24 0.226 3.090
2012-09-05 0.226 3.384
2011-09-13 0.189 3.885
2011-09-01 0.189 3.898
2010-10-27 0.119 2.131
2010-09-01 0.119 2.726
2009-09-02 0.101 3.186
2009-04-20 0.055 2.554

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hargreaves Lansdown's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Hargreaves Lansdown's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Hargreaves Lansdown afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hargreaves Lansdown has a total score of 4/6, see the detailed checks below.


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

DMB Management

 What is the CEO of Hargreaves Lansdown'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
Chris Hill
COMPENSATION £2,498,000
AGE 47
TENURE AS CEO 2.3 years
CEO Bio

Mr. Christopher F. Hill, also known as Chris, ACA, has been the Chief Executive of Hargreaves Lansdown plc since April 13, 2017 and served as its Deputy Chief Executive from October 1, 2016 to April 13, 2017 and Chief Financial Officer from February 01, 2016 to September, 2016. Mr. Hill is responsible for driving forward the cultural and risk management aspects of the business. Mr. Hill served as the Chief Financial Officer of IG Group PLC, the listed financial derivatives business. He has considerable strategic, leadership and operational skills and experience from a number of business sectors. He also has extensive finance and accounting experience. Mr. Hill served as the Chief Financial Officer of Access Prepaid Worldwide Limited since 2008. Mr. Hill served as the Chief Financial Officer of IG Group Holdings Plc since April 26, 2011 until October 30, 2015. Mr. Hill served as Chief Financial Officer of Travelex Card Services Limited since 2008. He served as Chief Financial Officer of Travelex Canada Limited and Travelex Group Limited since January 2009. Mr. Hill served as an Acting Chief Financial Officer of Travelex Group Limited from September 2008 to January 2009. Mr. Hill joined Travelex in January 2007 as Group Financial Controller. He joined VWR International in 2005 as Finance Director (UK and Ireland). He served as Head of the Finance Function for VWR Group subsidiary, where Mr. Hill had been responsible for substantially improving working capital and EBITDA performance over his tenure. He served at General Electric from 2000 to 2005, leading a number of financial planning, reporting and treasury functions. He served for Arthur Andersen from 1993 to 2000 in audit and treasury consulting. He has been an Executive Director of Hargreaves Lansdown plc since February 2016. He served as an Executive Director of IG Group Holdings Plc since January 8, 2011 until February 2016. He serves as a Director of IG Securities Limited (IG Markets Securities Limited). He served as a Director of Travelex Canada Limited and Travelex Group. Limited. He is qualified as a chartered accountant at Arthur Andersen and is an associate member of the Association of Corporate Treasurers. He is a member of the 30% Club. He has an MA in Modern History from Oxford University.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year.
  • Chris's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hargreaves Lansdown management team in years:

2.8
Average Tenure
47
Average Age
  • The tenure for the Hargreaves Lansdown management team is about average.
Management Team

Chris Hill

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
47
TENURE
2.3 yrs

Philip Johnson

TITLE
CFO & Executive Director
COMPENSATION
£1M
TENURE
2.2 yrs

Stephen Lansdown

TITLE
Co-Founder
AGE
66

Lee Gardhouse

TITLE
Chief Investment Officer
AGE
45
TENURE
3.3 yrs

Mark Dampier

TITLE
Head of Research
AGE
62

David Davies

TITLE
Chief Information Officer
TENURE
2.8 yrs

James Found

TITLE
Head of Investor Relations & Group Financial Controller

Rob Byett

TITLE
Risk and Compliance Director
AGE
44
TENURE
4.3 yrs

Danny Cox

TITLE
Head of Communications
TENURE
4.3 yrs

David James

TITLE
Marketing Director
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Hargreaves Lansdown board of directors in years:

1.8
Average Tenure
60
Average Age
  • The average tenure for the Hargreaves Lansdown board of directors is less than 3 years, this suggests a new board.
Board of Directors

Deanna Oppenheimer

TITLE
Non-Executive Chairman
COMPENSATION
£132K
AGE
60
TENURE
1.2 yrs

Chris Hill

TITLE
CEO & Executive Director
COMPENSATION
£2M
AGE
47
TENURE
3.2 yrs

Philip Johnson

TITLE
CFO & Executive Director
COMPENSATION
£1M
TENURE
2 yrs

Shirley Garrood

TITLE
Senior Independent Director
COMPENSATION
£83K
TENURE
1.2 yrs

Jayne Styles

TITLE
Independent Non-Executive Director
COMPENSATION
£70K
TENURE
3.5 yrs

Fiona Clutterbuck

TITLE
Independent Non-Executive Director
COMPENSATION
£57K
AGE
60
TENURE
1.6 yrs

Roger Perkin

TITLE
Independent Non-Executive Director
COMPENSATION
£61K
AGE
70
TENURE
1.6 yrs

Stephen Robertson

TITLE
Independent Non-Executive Director
COMPENSATION
£65K
AGE
64
TENURE
7.5 yrs
Who owns this company?
Recent Insider Trading
  • Hargreaves Lansdown insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Apr 19 Sell David Davies Individual 02. Apr 19 02. Apr 19 -1,044 €22.35 €-23,325
04. Apr 19 Buy David Davies Individual 02. Apr 19 02. Apr 19 1,036 €22.35 €23,148
04. Mar 19 Sell Mark Dampier Individual 04. Mar 19 04. Mar 19 -5,515 €21.11 €-116,420
15. Nov 18 Buy Lee Gardhouse Individual 14. Nov 18 14. Nov 18 4,895 €22.10 €108,180
18. May 18 Sell Ian Hunter Individual 17. May 18 17. May 18 -410,262 €22.37 €-9,176,290
18. May 18 Sell Lee Gardhouse Individual 17. May 18 17. May 18 -128,066 €22.37 €-2,864,440
18. May 18 Sell Mark Dampier Individual 17. May 18 17. May 18 -102,452 €22.37 €-2,291,534
X
Management checks
We assess Hargreaves Lansdown'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. Hargreaves Lansdown 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.

DMB News

Simply Wall St News

DMB Company Info

Description

Hargreaves Lansdown plc provides direct-to-investor investment services for individuals and corporates in the United Kingdom and Poland. Its flagship service is Vantage, a direct-to-investor platform. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, self-invested personal pensions (SIPPs), and lifetime ISAs. It also provides pension services, including SIPPs, annuities, drawdown, and mix and match pensions; share dealing services, such as overseas share dealing, initial public offerings and share offers, certificated share dealing, and exchange traded funds and exchange traded commodities/currencies; and fund dealing services. In addition, the company offers personal and business currency services; Junior ISA, SIPP, and investment accounts; and financial advisory services comprising investment management, lump sum investment, pension consolidation, portfolio restructuring, retirement planning, and estate planning services. Hargreaves Lansdown plc was founded in 1981 and is headquartered in Bristol, the United Kingdom.

Details
Name: Hargreaves Lansdown plc
DMB
Exchange: DB
Founded: 1981
£11,942,198,568
473,909,970
Website: http://www.hl.co.uk
Address: Hargreaves Lansdown plc
One College Square South,
Anchor Road,
Bristol,
BS1 5HL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HL. Ordinary Shares London Stock Exchange GB GBP 15. May 2007
OTCPK HRGL.F Ordinary Shares Pink Sheets LLC US USD 15. May 2007
DB DMB Ordinary Shares Deutsche Boerse AG DE EUR 15. May 2007
BATS-CHIXE HLL Ordinary Shares BATS 'Chi-X Europe' GB GBP 15. May 2007
OTCPK HRGL.Y ADR Pink Sheets LLC US USD 06. Sep 2011
Number of employees
Current staff
Staff numbers
1,534
Hargreaves Lansdown employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:09
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/01/29
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.