Hargreaves Lansdown
Market Cap
UK£8.2b
Last Updated
2019/10/21 20:56 UTC
Data Sources
Company Financials +
Executive Summary
Hargreaves Lansdown plc provides direct-to-investor investment services for individuals and corporates in the United Kingdom and Poland.
Snowflake
Fundamentals
Proven track record average dividend payer.
Share Price & News
How has Hargreaves Lansdown's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-3.4%
HL.
-0.5%
GB Capital Markets
0.2%
GB Market
1 Year Return
-5.0%
HL.
17.6%
GB Capital Markets
1.7%
GB Market
Return vs Industry: HL. underperformed the UK Capital Markets industry which returned 17.6% over the past year.
Return vs Market: HL. underperformed the UK Market which returned 1.7% over the past year.
Shareholder returns
| HL. | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -0.5% | 0.2% |
| 30 Day | -14.9% | -3.6% | -1.7% |
| 90 Day | -17.4% | 2.8% | -3.1% |
| 1 Year | -2.8%-5.0% | 20.5%17.6% | 6.7%1.7% |
| 3 Year | 56.5%47.1% | 76.8%64.3% | 17.7%3.1% |
| 5 Year | 107.0%84.5% | 148.5%119.0% | 36.1%5.5% |
Price Volatility Vs. Market
How volatile is Hargreaves Lansdown's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 months ago | Simply Wall St
Does Hargreaves Lansdown plc's (LON:HL.) 12% Earnings Growth Make It An Outperformer?1 year ago | Simply Wall St
Hargreaves Lansdown plc (LON:HL.): Is It A Smart Long Term Opportunity?1 year ago | Simply Wall St
How Hargreaves Lansdown plc's (LON:HL.) Earnings Growth Stacks Up Against The IndustryValuation
Is Hargreaves Lansdown undervalued compared to its fair value and its price relative to the market?
33.16x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HL. (£17.29) is trading above our estimate of fair value (£13.08)
Significantly Below Fair Value: HL. is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HL. is poor value based on its PE Ratio (33.2x) compared to the Capital Markets industry average (19.3x).
PE vs Market: HL. is poor value based on its PE Ratio (33.2x) compared to the UK market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: HL. is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: HL. is overvalued based on its PB Ratio (17.9x) compared to the GB Capital Markets industry average (1.3x).
Next Steps
Future Growth
How is Hargreaves Lansdown forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
9.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HL.'s forecast earnings growth (9.4% per year) is above the savings rate (1.2%).
Earnings vs Market: HL.'s earnings (9.4% per year) are forecast to grow slower than the UK market (12.4% per year).
High Growth Earnings: HL.'s earnings are forecast to grow, but not significantly.
Revenue vs Market: HL.'s revenue (9.1% per year) is forecast to grow faster than the UK market (3.9% per year).
High Growth Revenue: HL.'s revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HL.'s Return on Equity is forecast to be very high in 3 years time (53.3%).
Next Steps
Past Performance
How has Hargreaves Lansdown performed over the past 5 years?
10.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: HL.'s earnings have grown by 10.8% per year over the past 5 years.
Accelerating Growth: HL.'s earnings growth over the past year (4.7%) is below its 5-year average (10.8% per year).
Earnings vs Industry: HL. earnings growth over the past year (4.7%) exceeded the Capital Markets industry 4.6%.
Return on Equity
High ROE: HL.'s Return on Equity (53.9%) is considered outstanding.
Return on Assets
ROA vs Industry: HL. has a higher Return on Assets than the Capital Markets industry average last year.
Return on Capital Employed
ROCE Improving: HL.'s Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Hargreaves Lansdown's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: HL. has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if HL.'s debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: HL.'s level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HL. has a sufficient allowance for bad loans.
Low Risk Liabilities: HL. reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HL. has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HL. has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HL. has an appropriate level of bad loans.
Next Steps
Dividend
What is Hargreaves Lansdown's current dividend yield, its reliability and sustainability?
2.43%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: HL.'s dividend (2.43%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: HL.'s dividend (2.43%) is low compared to the top 25% of dividend payers in the UK market (5.37%).
Stable Dividend: HL.'s dividend payments have been volatile in the past 10 years.
Growing Dividend: HL.'s dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.6%), HL.'s dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HL.'s dividends in 3 years are forecast to be covered by earnings (78.1% payout ratio).
Next Steps
Management
What is the CEO of Hargreaves Lansdown's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Chris Hill (48yo)
2.8yrs
Tenure
UK£649,000
Compensation
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, 20 ...
CEO Compensation Analysis
Compensation vs. Market: Chris's total compensation ($USD842.33K) is below average for companies of similar size in the UK market ($USD4.97M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.3yrs
Average Tenure
48yo
Average Age
Experienced Management: HL.'s management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
2.1yrs
Average Tenure
61yo
Average Age
Experienced Board: HL.'s board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Head of Research Head of Research |
| Shares | 25,084 |
| Max Price | UK£23.92 |
| Entity | Individual |
| Role | Chief Information Officer Chief Information Officer |
| Shares | 1,044 |
| Max Price | UK£19.19 |
| Entity | Individual |
| Role | Chief Information Officer Chief Information Officer |
| Shares | 1,036 |
| Max Price | UK£19.19 |
| Entity | Individual |
| Role | Head of Research Head of Research |
| Shares | 5,515 |
| Max Price | UK£18.14 |
| Entity | Individual |
| Role | Chief Investment Officer Chief Investment Officer |
| Shares | 4,895 |
| Max Price | UK£19.20 |
Ownership Breakdown
Management Team
Stephen Lansdown (67yo)
Co-Founder
- Tenure: 0yrs
Mark Dampier (63yo)
Head of Research
- Tenure: 0yrs
Lee Gardhouse (46yo)
Chief Investment Officer
- Tenure: 3.8yrs
Chris Hill (48yo)
CEO & Executive Director
- Tenure: 2.8yrs
- Compensation: UK£649.00k
Rob Byett (45yo)
Risk and Compliance Director
- Tenure: 4.8yrs
Philip Johnson
CFO & Executive Director
- Tenure: 2.5yrs
- Compensation: UK£457.00k
David James
Marketing Director
- Tenure: 0.8yrs
James Found
Head of Investor Relations & Group Financial Controller
- Tenure: 0yrs
David Davies
Chief Information Officer
- Tenure: 3.3yrs
Danny Cox
Head of Communications
- Tenure: 4.8yrs
Board Members
Deanna Oppenheimer (61yo)
Non-Executive Chairman
- Tenure: 1.7yrs
- Compensation: UK£325.00k
Shirley Garrood (62yo)
Senior Independent Director
- Tenure: 1.7yrs
- Compensation: UK£95.00k
Fiona Clutterbuck (61yo)
Independent Non-Executive Director
- Tenure: 2.1yrs
- Compensation: UK£81.25k
Chris Hill (48yo)
CEO & Executive Director
- Tenure: 2.8yrs
- Compensation: UK£649.00k
Philip Johnson
CFO & Executive Director
- Tenure: 2.5yrs
- Compensation: UK£457.00k
Roger Perkin (71yo)
Independent Non-Executive Director
- Tenure: 2.1yrs
- Compensation: UK£86.25k
Dan Olley (49yo)
Independent Non-Executive Director
- Tenure: 0.3yrs
- Compensation: UK£5.83k
Stephen Robertson (65yo)
Independent Non-Executive Director
- Tenure: 8yrs
- Compensation: UK£67.50k
Company Information
Hargreaves Lansdown plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hargreaves Lansdown plc
- Ticker: HL.
- Exchange: LSE
- Founded: 1981
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£8.182b
- Shares outstanding: 473.93m
- Website: https://www.hl.co.uk
Number of Employees
Location
- Hargreaves Lansdown plc
- One College Square South
- Anchor Road
- Bristol
- BS1 5HL
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HL. | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | May 2007 |
| HRGL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2007 |
| HLL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | May 2007 |
| DMB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2007 |
| HRGL.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Sep 2011 |
Biography
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 Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 20:56 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.