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H&T Group

AIM:HAT
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAT
AIM
£115M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

H&T Group plc primarily provides pawnbroking services in the United Kingdom. The last earnings update was 38 days ago. More info.


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HAT Share Price and Events
7 Day Returns
-8.9%
AIM:HAT
0.4%
GB Consumer Finance
1.9%
GB Market
1 Year Returns
-9.4%
AIM:HAT
-23.4%
GB Consumer Finance
2.5%
GB Market
HAT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
H&T Group (HAT) -8.9% -1% 12.4% -9.4% 29.1% 94.6%
GB Consumer Finance 0.4% 2.3% -3.2% -23.4% -70% -61.5%
GB Market 1.9% 3% 7.9% 2.5% 15.6% 6.8%
1 Year Return vs Industry and Market
  • HAT outperformed the Consumer Finance industry which returned -23.4% over the past year.
  • HAT underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
HAT
Industry
5yr Volatility vs Market

HAT Value

 Is H&T Group 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 H&T Group 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 H&T Group.

AIM:HAT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £2.73 * 8.8%
£0.24
Book Value of Equity per Share Median Book Value from the past 5 years. £2.73
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:HAT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 19%) (21.68%))
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)
= 1.23% + (0.87 * 6.65%)
7.02%

Discounted Cash Flow Calculation for AIM:HAT using Excess Returns Model Model

The calculations below outline how an intrinsic value for H&T Group 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.

AIM:HAT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.8% – 7.02%) * £2.73)
£0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.05 / (7.02% - 1.23%)
£0.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £2.73 + £0.83
£3.56
AIM:HAT Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.56
Current discount Discount to share price of £3.04
= -1 x (£3.04 - £3.56) / £3.56
14.8%

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

Current Discount
Amount off the current price H&T Group is available for.
Intrinsic value
15%
Share price is £3.04 vs Future cash flow value of £3.56
Current Discount Checks
For H&T Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • H&T Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • H&T Group's share price is below the future cash flow value, but not 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 H&T Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are H&T Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:HAT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.29
AIM:HAT Share Price ** AIM (2019-04-18) in GBP £3.04
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Finance Companies 12.42x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 796 Publicly-Listed Companies 16.29x

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

** Primary Listing of H&T Group.

AIM:HAT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:HAT Share Price ÷ EPS (both in GBP)

= 3.04 ÷ 0.29

10.34x

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

  • H&T Group is good value based on earnings compared to the GB Consumer Finance industry average.
  • H&T Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does H&T Group's expected growth come at a high price?
Raw Data
AIM:HAT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
16.9%per year
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 0.66x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for H&T Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on H&T Group's assets?
Raw Data
AIM:HAT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £2.90
AIM:HAT Share Price * AIM (2019-04-18) in GBP £3.04
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry PB Ratio Median Figure of 14 Publicly-Listed Consumer Finance Companies 1.71x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.51x
AIM:HAT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:HAT Share Price ÷ Book Value per Share (both in GBP)

= 3.04 ÷ 2.90

1.05x

* Primary Listing of H&T Group.

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

  • H&T Group is good value based on assets compared to the GB Consumer Finance industry average.
X
Value checks
We assess H&T Group'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. H&T Group has a total score of 3/6, 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.

HAT Future Performance

 How is H&T Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover H&T Group, future earnings growth has been estimated based on fundamentals.
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
16.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is H&T Group expected to grow at an attractive rate?
  • H&T Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • H&T Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • H&T Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:HAT Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:HAT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 16.9%
AIM:HAT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.4%
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 23.8%
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland 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
AIM:HAT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:HAT Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 147 2
2019-12-31 149 1
AIM:HAT Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 143 6 11
2018-09-30 128 3 12
2018-06-30 121 1 12
2018-03-31 116 -1 12
2017-12-31 110 -3 11
2017-09-30 115 -2 10
2017-06-30 112 0 9
2017-03-31 104 1 8
2016-12-31 97 1 8
2016-09-30 94 4 7
2016-06-30 91 6 6
2016-03-31 90 9 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • H&T Group's earnings are expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
  • H&T Group's revenue is expected to grow by 1.4% 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
AIM:HAT 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 2 Analyst Estimates (S&P Global) See Below

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

AIM:HAT Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
AIM:HAT Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.29
2018-09-30 0.32
2018-06-30 0.33
2018-03-31 0.32
2017-12-31 0.31
2017-09-30 0.27
2017-06-30 0.25
2017-03-31 0.23
2016-12-31 0.21
2016-09-30 0.19
2016-06-30 0.17
2016-03-31 0.16

*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.
  • Unable to establish if H&T Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess H&T Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
H&T Group 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.

HAT Past Performance

  How has H&T Group 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 H&T Group's growth in the last year to its industry (Consumer Finance).
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.
  • H&T Group has delivered over 20% year on year earnings growth in the past 5 years.
  • H&T Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • H&T Group's 1-year earnings growth is negative, it can't be compared to the GB Consumer Finance industry average.
Earnings and Revenue History
H&T Group'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 H&T Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:HAT Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 143.03 10.83 73.95
2018-09-30 127.74 11.69 59.24
2018-06-30 121.11 12.05 53.76
2018-03-31 115.72 11.70 51.43
2017-12-31 110.33 11.34 49.10
2017-09-30 115.44 9.90 57.74
2017-06-30 111.89 8.95 57.15
2017-03-31 104.23 8.27 52.04
2016-12-31 96.57 7.58 46.92
2016-09-30 93.68 6.93 44.07
2016-06-30 90.78 6.27 41.21
2016-03-31 90.01 5.82 40.58
2015-12-31 89.24 5.38 39.94
2015-09-30 86.98 5.10 39.99
2015-06-30 84.72 4.82 40.03
2015-03-31 86.21 4.54 39.75
2014-12-31 87.70 4.26 39.46
2014-09-30 90.17 3.61 39.66
2014-06-30 92.65 2.96 39.86
2014-03-31 95.96 3.91 41.10
2013-12-31 99.28 4.85 42.34
2013-09-30 106.92 7.80 42.95
2013-06-30 114.57 10.74 43.55
2013-03-31 122.13 11.82 43.87
2012-12-31 129.70 12.90 44.20
2012-09-30 132.59 14.50 44.05
2012-06-30 135.49 16.11 43.91

*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.
  • H&T Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • H&T Group used its assets more efficiently than the GB Consumer Finance industry average last year based on Return on Assets.
  • H&T Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess H&T Group'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 Consumer Finance 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.
H&T Group 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.

HAT Health

 How is H&T Group'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 H&T Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • H&T Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • H&T Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of H&T Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.7x 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 H&T Group Company Filings, last reported 3 months ago.

AIM:HAT Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 106.99 24.89 11.41
2018-09-30 106.99 24.89 11.41
2018-06-30 102.85 25.83 9.27
2018-03-31 102.85 25.83 9.27
2017-12-31 107.62 21.81 8.68
2017-09-30 107.62 21.81 8.68
2017-06-30 101.96 20.76 9.50
2017-03-31 101.96 20.76 9.50
2016-12-31 98.85 14.72 9.61
2016-09-30 98.85 14.72 9.61
2016-06-30 95.30 20.67 14.12
2016-03-31 95.30 20.67 14.12
2015-12-31 94.06 12.91 10.92
2015-09-30 94.06 12.91 10.92
2015-06-30 91.94 16.59 7.93
2015-03-31 91.94 16.59 7.93
2014-12-31 90.86 17.68 8.25
2014-09-30 90.86 17.68 8.25
2014-06-30 88.73 20.48 7.36
2014-03-31 88.73 20.48 7.36
2013-12-31 88.13 28.61 8.25
2013-09-30 88.13 28.61 8.25
2013-06-30 87.36 34.28 6.26
2013-03-31 87.36 34.28 6.26
2012-12-31 86.77 34.00 6.37
2012-09-30 86.77 34.00 6.37
2012-06-30 80.67 38.12 3.80
  • H&T Group's level of debt (23.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.4% vs 23.3% today).
  • Debt is well covered by operating cash flow (23.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.7x coverage).
X
Financial health checks
We assess H&T Group'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. H&T Group 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.

HAT Dividends

 What is H&T Group'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
3.62%
Current annual income from H&T Group dividends. Estimated to be 4.12% next year.
If you bought £2,000 of H&T Group shares you are expected to receive £72 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?
  • H&T Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • H&T Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase H&T Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
AIM:HAT 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

AIM:HAT Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.13 2.00
2019-12-31 0.12 1.00
AIM:HAT Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.110 3.523
2018-04-04 0.105 3.520
2018-03-13 0.105 3.092
2017-03-31 0.092 2.896
2017-03-13 0.092 3.210
2016-03-30 0.090 3.461
2016-03-03 0.090 4.437
2015-03-27 0.048 2.469
2015-03-05 0.048 2.620
2014-03-19 0.048 2.888
2014-02-27 0.048 2.702
2013-03-07 0.119 6.757
2012-03-08 0.108 3.734
2012-03-07 0.108 3.272
2011-03-25 0.085 2.567
2011-03-10 0.085 2.773
2010-04-19 0.081 2.817
2010-03-25 0.081 3.255
2009-04-20 0.065 2.593

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 H&T Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess H&T Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 H&T Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. H&T Group 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.

HAT Management

 What is the CEO of H&T Group'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
John Nichols
COMPENSATION £672,893
AGE 67
CEO Bio

Mr. John G. Nichols serves as Chief Executive at H&T Group Plc and has been its Managing Director since 1997. Mr. Nichols had an early career in the RAF and entered the leisure industry with the Rank Organisation where he held several senior executive positions. He joined H&T in 1997. Mr. Nicols serves as Executive Director at H&T Group Plc. He serves as Executive Director at H&T Group PLC. He has been President of the National Pawnbrokers’ Association since October 2004. He has also been instrumental in the initiative to obtain the ISO9001 and Investors in People accreditations.

CEO Compensation
  • John's compensation has increased by more than 20% in the past year.
  • John's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

John Nichols

TITLE
CEO, MD & Executive Director
COMPENSATION
£673K
AGE
67

Steve Fenerty

TITLE
Finance Director
COMPENSATION
£456K
AGE
45
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the H&T Group board of directors in years:

8.5
Average Tenure
59.5
Average Age
  • The tenure for the H&T Group board of directors is about average.
Board of Directors

Peter McNamara

TITLE
Non-Executive Chairman
COMPENSATION
£73K
AGE
67
TENURE
10.5 yrs

John Nichols

TITLE
CEO, MD & Executive Director
COMPENSATION
£673K
AGE
67
TENURE
14.7 yrs

Steve Fenerty

TITLE
Finance Director
COMPENSATION
£456K
AGE
45
TENURE
14.2 yrs

James Thornton

TITLE
Non-Executive Director
COMPENSATION
£41K
AGE
60
TENURE
6.4 yrs

Elaine Draper

TITLE
Non-Executive Director
AGE
53
TENURE
0.9 yrs

Mark Smith

TITLE
Non-Executive Director
AGE
59
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
11. Sep 18 Buy John Nichols Individual 10. Sep 18 10. Sep 18 25,000 £3.10 £77,500
14. Jun 18 Buy Elaine Draper Individual 13. Jun 18 13. Jun 18 1,000 £3.64 £3,637
13. Jun 18 Buy Mark Smith Individual 12. Jun 18 12. Jun 18 1,000 £3.55 £3,550
X
Management checks
We assess H&T Group'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. H&T Group 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.

HAT News

Simply Wall St News

H&T Group (LON:HAT) Shareholders Booked A 61% Gain In The Last Five Years

For example, the H&T Group plc (LON:HAT) share price is up 61% in the last 5 years, clearly besting than the market return of around 2.0% (ignoring dividends). … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

Do You Know What H&T Group plc's (LON:HAT) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … H&T Group has a price to earnings ratio of 8.08, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Interested In H&T Group plc (LON:HAT)? Here's What Its Recent Performance Looks Like

Below, I will assess HAT's latest performance announced on 30 June 2018 and weigh these figures against its longer term trend and industry movements. … Did HAT's recent earnings growth beat the long-term trend and the industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 17%, indicating the rate at which HAT is growing has accelerated

Simply Wall St -

Is H&T Group plc (LON:HAT) A Great Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, H&T Group plc (LON:HAT) has paid a dividend to shareholders. … Does H&T Group tick all the boxes of a great dividend stock?

Simply Wall St -

H&T Group plc (LON:HAT): Has Recent Earnings Growth Beaten Long-Term Trend?

Assessing H&T Group plc's (LON:HAT) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how H&T Group is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its consumer finance industry peers. … How HAT fared against its long-term earnings performance and its industry

Simply Wall St -

How Does H&T Group plc (LON:HAT) Fare As A Dividend Stock?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … In the past 10 years H&T Group plc (LON:HAT) has returned an average of 3.00% per year to investors in the form of dividend payouts. … Let's take a look at H&T Group in more detail.

Simply Wall St -

H&T Group plc (LON:HAT) Is Trading At A 9.44% Discount

Understanding these differences is crucial when it comes to putting a value on the financial stock. … For instance, these lenders must hold a certain level of cash reserves on the books as a safety precaution.

Simply Wall St -

Best-In-Class Financial Dividend Stocks

H&T Group plc (AIM:HAT) HAT has a solid dividend yield of 2.90% and the company currently pays out 33.79% of its profits as dividends , and analysts are expecting the payout ratio in three years to hit 34.48%. … While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from UK£0.05 to UK£0.10. … AIM:HAT Historical Dividend Yield Jun 21st 18 Park Group plc (AIM:PKG) PKG has a good-sized dividend yield of 3.75% and distributes 54.29% of its earnings to shareholders as dividends.

Simply Wall St -

Is H&T Group Plc (LON:HAT) Expensive For A Reason? A Look At The Intrinsic Value

Focusing on data points like book values, along with the return and cost of equity, can be fitting for assessing HAT’s intrinsic value. … The returns above the cost of equity is known as excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (9.58% – 8.30%) * £2.74 = £0.04 We use this value to calculate the terminal value of the company, which is how much we expect the company to continue to earn every year, forever. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = £0.04 / (8.30% – 1.49%) = £0.52 Putting this all together, we get the value of HAT’s share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = £2.74 + £0.52 = £3.26 Given HAT's current share price of £3.5, HAT is currently priced in-line with its intrinsic value.

Simply Wall St -

Is H&T Group Plc (LON:HAT) A Good Dividend Stock?

See our latest analysis for H&T Group 5 questions to ask before buying a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Does it pay an annual yield higher than 75% of dividend payers? … If there's one type of stock you want to be reliable, it's dividend stocks and their stable income-generating ability. … In terms of its peers, H&T Group generates a yield of 2.64%, which is on the low-side for Consumer Finance stocks.Next Steps: With these dividend metrics in mind, I definitely rank H&T Group as a strong income stock, and is worth further research for anyone who considers dividends an important part of their portfolio strategy.

Simply Wall St -

HAT Company Info

Description

H&T Group plc primarily provides pawnbroking services in the United Kingdom. The company operates in six segments: Pawnbroking, Gold Purchasing, Retail, Pawnbroking Scrap, Personal Loans, and Other Services. It also offers gold purchasing, jewelry retail, cheque cashing, unsecured lending, buyback, foreign exchange currency, and money transfer services. The company provides its products and services online and in-store. As of December 31, 2017, it operated 181 stores. H&T Group plc was founded in 1897 and is headquartered in Sutton, the United Kingdom.

Details
Name: H&T Group plc
HAT
Exchange: AIM
Founded: 1897
£114,780,938
37,819,090
Website: http://www.handt.co.uk
Address: H&T Group plc
Times House,
Throwley Way,
Sutton,
Surrey, SM1 4AF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM HAT Ordinary Shares London Stock Exchange AIM Market GB GBP 08. May 2006
Number of employees
Current staff
Staff numbers
908
H&T Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:55
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/03/12
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.