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Hastings Group Holdings

DB:8HG
Snowflake Description

Good value with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8HG
DB
£1B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. The last earnings update was 85 days ago. More info.


Add to Portfolio Compare Print
  • Hastings Group Holdings has significant price volatility in the past 3 months.
8HG Share Price and Events
7 Day Returns
2.3%
DB:8HG
0.3%
DE Insurance
-0.4%
DE Market
1 Year Returns
-29.5%
DB:8HG
24%
DE Insurance
-6.2%
DE Market
8HG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hastings Group Holdings (8HG) 2.3% -5.4% -20% -29.5% 2.9% -
DE Insurance 0.3% 4% 7.7% 24% 58% 63.1%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • 8HG underperformed the Insurance industry which returned 24% over the past year.
  • 8HG underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
8HG
Industry
5yr Volatility vs Market

Value

 Is Hastings Group Holdings 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 Hastings Group Holdings 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 Hastings Group Holdings.

DB:8HG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= £1.10 * 18.2%
£0.20
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. £1.10
Discount Rate (Cost of Equity) See below 6%
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:8HG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 19%) (20.6%))
0.87
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.87 * 6.65%)
6.01%

Discounted Cash Flow Calculation for DB:8HG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hastings Group Holdings 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:8HG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (18.2% – 6.01%) * £1.10)
£0.13
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.13 / (6.01% - 0.23%)
£2.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.10 + £2.31
£3.41
DB:8HG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.68
Current discount Discount to share price of €2.01
= -1 x (€2.01 - €3.68) / €3.68
45.2%

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

Current Discount
Amount off the current price Hastings Group Holdings is available for.
Intrinsic value
45%
Share price is €2.01 vs Future cash flow value of €3.68
Current Discount Checks
For Hastings Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hastings Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hastings Group Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Hastings Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hastings Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8HG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.20
LSE:HSTG Share Price ** LSE (2019-06-25) in GBP £1.87
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.21x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.49x

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

** Primary Listing of Hastings Group Holdings.

DB:8HG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.87 ÷ 0.20

9.39x

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

  • Hastings Group Holdings is good value based on earnings compared to the DE Insurance industry average.
  • Hastings Group Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hastings Group Holdings's expected growth come at a high price?
Raw Data
DB:8HG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
1.7%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.24x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:8HG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.39x ÷ 1.7%

5.59x

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

  • Hastings Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hastings Group Holdings's assets?
Raw Data
DB:8HG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.99
LSE:HSTG Share Price * LSE (2019-06-25) in GBP £1.87
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.06x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:8HG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.87 ÷ 0.99

1.88x

* Primary Listing of Hastings Group Holdings.

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

  • Hastings Group Holdings is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Hastings Group Holdings'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Hastings Group Holdings has a total score of 4/6, 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.

Future Performance

 How is Hastings Group Holdings 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
1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hastings Group Holdings expected to grow at an attractive rate?
  • Hastings Group Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hastings Group Holdings's earnings growth is positive but not above the Germany market average.
  • Hastings Group Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8HG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8HG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 1.7%
DB:8HG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 5.4%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:8HG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:8HG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 122
2022-12-31 121
2021-12-31 886 139 6
2020-12-31 823 128 6
2019-12-31 777 117 6
DB:8HG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 756 151 131
2018-09-30 752 166 136
2018-06-30 747 180 142
2018-03-31 731 201 134
2017-12-31 716 222 127
2017-09-30 684 225 110
2017-06-30 653 229 94
2017-03-31 622 201 86
2016-12-31 590 173 78
2016-09-30 566 163 59
2016-06-30 541 153 40
2016-03-31 511 155 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hastings Group Holdings's earnings are expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
  • Hastings Group Holdings's revenue is expected to grow by 5.4% 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:8HG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Hastings Group Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8HG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.18 0.18 0.18 1.00
2022-12-31 0.18 0.18 0.18 1.00
2021-12-31 0.22 0.24 0.18 11.00
2020-12-31 0.20 0.23 0.17 13.00
2019-12-31 0.18 0.19 0.15 13.00
DB:8HG Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.20
2018-09-30 0.21
2018-06-30 0.22
2018-03-31 0.20
2017-12-31 0.19
2017-09-30 0.17
2017-06-30 0.14
2017-03-31 0.13
2016-12-31 0.12
2016-09-30 0.09
2016-06-30 0.07
2016-03-31 0.04

*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.
  • Hastings Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hastings Group Holdings'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.
Hastings Group Holdings has a total score of 2/6, 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.

Past Performance

  How has Hastings Group Holdings 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 Hastings Group Holdings's growth in the last year to its industry (Insurance).
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.
  • Hastings Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Hastings Group Holdings's 1-year earnings growth is less than its 5-year average (3.1% vs 46.8%)
  • Hastings Group Holdings's earnings growth has not exceeded the DE Insurance industry average in the past year (3.1% vs 9.4%).
Earnings and Revenue History
Hastings Group Holdings'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 Hastings Group Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8HG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 756.40 130.60 3.30
2018-09-30 751.55 136.15 4.50
2018-06-30 746.70 141.70 5.70
2018-03-31 731.15 134.20 6.15
2017-12-31 715.60 126.70 6.60
2017-09-30 684.20 110.15 5.25
2017-06-30 652.80 93.60 3.90
2017-03-31 621.55 86.00 3.55
2016-12-31 590.30 78.40 3.20
2016-09-30 565.70 59.30 1.75
2016-06-30 541.10 40.20 0.30
2016-03-31 511.05 21.25 0.40
2015-12-31 481.00 2.30 0.50
2015-09-30 456.00 6.50 0.45
2015-06-30 431.00 10.70 0.40
2015-03-31 407.00 1.15 0.45
2014-12-31 383.00 -8.40 0.50
2013-12-31 343.30 64.80
2012-12-31 290.70 53.00

*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.
  • Hastings Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Hastings Group Holdings used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • Hastings Group Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hastings Group Holdings'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 Insurance 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.
Hastings Group Holdings has a total score of 4/6, 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.

Health

 How is Hastings Group Holdings'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 Hastings Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hastings Group Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hastings Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hastings Group Holdings'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.
  • Debt is covered by short term assets, assets are 7.7x debt.
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 Hastings Group Holdings Company Filings, last reported 5 months ago.

DB:8HG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 651.00 244.30 78.10
2018-09-30 651.00 244.30 78.10
2018-06-30 626.20 243.70 81.80
2018-03-31 626.20 243.70 81.80
2017-12-31 612.90 272.00 86.40
2017-09-30 612.90 272.00 86.40
2017-06-30 569.10 281.60 214.80
2017-03-31 569.10 281.60 214.80
2016-12-31 553.60 286.60 82.80
2016-09-30 553.60 286.60 82.80
2016-06-30 536.60 286.10 191.70
2016-03-31 536.60 286.10 191.70
2015-12-31 503.20 295.70 80.80
2015-09-30 503.20 295.70 80.80
2015-06-30 -10.00 743.00 197.50
2015-03-31 -10.00 743.00 197.50
2014-12-31 -13.90 722.90 348.30
2013-12-31
2012-12-31
  • Hastings Group Holdings's level of debt (37.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Hastings Group Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (62%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.6x coverage).
X
Financial health checks
We assess Hastings Group Holdings'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. Hastings Group Holdings has a total score of 4/6, 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.

Dividends

 What is Hastings Group Holdings'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
7.23%
Current annual income from Hastings Group Holdings dividends. Estimated to be 7.89% next year.
If you bought €2,000 of Hastings Group Holdings shares you are expected to receive €145 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?
  • Hastings Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Hastings Group Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.88%).
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:8HG 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 Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:8HG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.17 1.00
2022-12-31 0.17 1.00
2021-12-31 0.16 13.00
2020-12-31 0.14 14.00
2019-12-31 0.13 14.00
DB:8HG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-02 0.135 6.999
2019-02-28 0.135 6.269
2018-04-17 0.126 5.505
2018-03-01 0.126 4.675
2017-03-02 0.099 3.284
2017-03-01 0.099 4.264
2016-08-11 0.066 2.961
2016-04-22 0.022 1.196
2016-03-15 0.022 1.291

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

  • Whilst dividend payments have been stable, Hastings Group Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hastings Group Holdings only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Hastings Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x 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 Hastings Group Holdings'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 Hastings Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hastings Group Holdings 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.

Management

 What is the CEO of Hastings Group Holdings'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
Toby van der Meer
COMPENSATION £623,435
AGE 40
TENURE AS CEO 1.3 years
CEO Bio

Mr. Tobias Adriaan van der Meer, also known as Toby, is the Chief Executive Officer and Director of Hastings Group Holdings plc since March 1, 2018. He served as Managing Director of Retail at Hastings Group Holdings plc till March 1, 2018. Mr. van der Meer serves as Managing Director of Retail at Hastings Insurance Services Limited. He has been Managing Director of Retail at Hastings Insurance Group (Finance) plc since 2011. He has responsibility for the broking operations of Hastings. He served as Managing Director of Money at Moneysupermarket.com Group PLC since July 1, 2009, where he was responsible for the money and broker lead businesses and all front and back office operations. He was previously head of retail banking (Europe) at Anglo Irish Bank from 2008 to 2009, head of UK retail banking and UK Marketing Director at Citigroup and Egg Internet Banking from 2005 to 2008 and held various positions at Egg and strategy consulting firm Monitor Company. He holds an economics and management degree from Oxford University.

CEO Compensation
  • Insufficient data for Toby to compare compensation growth.
  • Toby's remuneration is lower than average for companies of similar size in Germany.
Management Team

Toby van der Meer

TITLE
CEO & Director
COMPENSATION
£623K
AGE
40
TENURE
1.3 yrs

John Worth

TITLE
Group CFO & Director
AGE
55
TENURE
0.1 yrs

John Armstrong

TITLE
Head of Investor Relations

Carole Jones

TITLE
Group Human Resources Director
AGE
58

Tony Leppard

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Hastings Group Holdings board of directors in years:

2.6
Average Tenure
55
Average Age
  • The average tenure for the Hastings Group Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gary Hoffman

TITLE
Non-Executive Chairman
COMPENSATION
£999K
AGE
58
TENURE
1.1 yrs

Toby van der Meer

TITLE
CEO & Director
COMPENSATION
£623K
AGE
40
TENURE
1.3 yrs

John Worth

TITLE
Group CFO & Director
AGE
55
TENURE
0.1 yrs

Tom Colraine

TITLE
Senior Independent Director
COMPENSATION
£85K
AGE
59
TENURE
3.8 yrs

Pierre Lefèvre

TITLE
Independent Non-Executive Director
COMPENSATION
£107K
AGE
62
TENURE
3.8 yrs

Teresa Robson-Capps

TITLE
Independent Non-Executive Director
COMPENSATION
£63K
AGE
63
TENURE
2.9 yrs

Sumit Rajpal

TITLE
Non-Executive Director
AGE
42
TENURE
3.8 yrs

Alison Burns

TITLE
Independent Non-Executive Director
COMPENSATION
£51K
AGE
55
TENURE
2.9 yrs

Herman Bosman

TITLE
Non-Executive Director
AGE
50
TENURE
2.3 yrs

Selina Sagayam

TITLE
Independent Non-Executive Director
COMPENSATION
£91K
AGE
46
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Sep 18 Sell Gary Hoffman Individual 19. Sep 18 19. Sep 18 -545,187 €3.03 €-1,651,702
19. Sep 18 Sell Tobias van der Meer Individual 18. Sep 18 18. Sep 18 -129,536 €3.03 €-391,979
08. Aug 18 Sell Richard Hoskins Individual 08. Aug 18 08. Aug 18 -400,000 €2.72 €-1,088,243
X
Management checks
We assess Hastings Group Holdings'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. Hastings Group Holdings 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.

News

Simply Wall St News

Company Info

Description

Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. It is involved in the underwriting and brokerage of car, van, bike, and home insurance under various brands, including Hastings Direct, Hastings PREMIER, Hastings ESSENTIAL, Hastings Direct SmartMiles, InsurePink, and People’s Choice. The company leases properties. Hastings Group Holdings plc was founded in 1996 and is based in Bexhill-On-Sea, the United Kingdom.

Details
Name: Hastings Group Holdings plc
8HG
Exchange: DB
Founded: 1996
£1,377,621,328
660,892,368
Website: http://www.hastingsplc.com
Address: Hastings Group Holdings plc
Conquest House,
Collington Avenue,
Bexhill-On-Sea,
East Sussex, TN39 3LW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HSTG Ordinary Shares London Stock Exchange GB GBP 12. Oct 2015
DB 8HG Ordinary Shares Deutsche Boerse AG DE EUR 12. Oct 2015
Number of employees
Current staff
Staff numbers
3,400
Hastings Group Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 03:43
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/06/18
Last earnings filing: 2019/04/02
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.