Hargreaves Lansdown Future Growth

Future criteria checks 1/6

Hargreaves Lansdown is forecast to grow earnings and revenue by 1.8% and 3.3% per annum respectively. EPS is expected to grow by 1.2% per annum. Return on equity is forecast to be 28.9% in 3 years.

Key information

1.8%

Earnings growth rate

1.2%

EPS growth rate

Capital Markets earnings growth	18.8%
Revenue growth rate	3.3%
Future return on equity	28.9%
Analyst coverage	Good
Last updated	12 Dec 2024

Recent future growth updates

Analysts Are Updating Their Hargreaves Lansdown plc (LON:HL.) Estimates After Its Half-Year Results

Feb 25

Recent updates

Hargreaves Lansdown (LON:HL.) Will Pay A Dividend Of £0.132

Feb 27

Analysts Are Updating Their Hargreaves Lansdown plc (LON:HL.) Estimates After Its Half-Year Results

Feb 25

Earnings and Revenue Growth Forecasts

LSE:HL. - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	843	302	343	409	6
6/30/2026	816	313	345	356	13
6/30/2025	786	310	317	346	13
6/30/2024	765	293	333	346	N/A
3/31/2024	759	297	316	332	N/A
12/31/2023	753	302	299	318	N/A
9/30/2023	744	313	246	267	N/A
6/30/2023	735	324	193	215	N/A
3/31/2023	689	288	198	219	N/A
12/31/2022	642	251	203	223	N/A
9/30/2022	612	234	226	243	N/A
6/30/2022	583	216	249	263	N/A
3/31/2022	603	242	267	282	N/A
12/31/2021	623	267	286	301	N/A
9/30/2021	627	282	298	315	N/A
6/30/2021	631	297	310	329	N/A
3/31/2021	612	311	304	322	N/A
12/31/2020	593	326	297	316	N/A
9/30/2020	572	320	273	291	N/A
6/30/2020	551	313	250	265	N/A
3/31/2020	526	288	233	249	N/A
12/31/2019	502	263	217	233	N/A
9/30/2019	491	255	231	247	N/A
6/30/2019	481	247	244	262	N/A
3/31/2019	474	244	240	257	N/A
12/31/2018	468	242	236	253	N/A
9/30/2018	458	239	232	249	N/A
6/30/2018	448	236	229	245	N/A
3/31/2018	432	230	N/A	239	N/A
12/31/2017	417	225	N/A	234	N/A
9/30/2017	401	218	N/A	230	N/A
6/30/2017	386	212	N/A	227	N/A
3/31/2017	348	204	N/A	211	N/A
12/31/2016	311	196	N/A	195	N/A
9/30/2016	319	187	N/A	180	N/A
6/30/2016	327	177	N/A	165	N/A
3/31/2016	312	170	N/A	172	N/A
12/31/2015	298	164	N/A	180	N/A
9/30/2015	296	160	N/A	176	N/A
6/30/2015	294	157	N/A	171	N/A
3/31/2015	346	159	N/A	158	N/A
12/31/2014	397	162	N/A	145	N/A
9/30/2014	378	162	N/A	156	N/A
6/30/2014	358	162	N/A	167	N/A
3/31/2014	334	160	N/A	171	N/A
12/31/2013	311	158	N/A	174	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HL.'s forecast earnings growth (1.8% per year) is below the savings rate (2.1%).

Earnings vs Market: HL.'s earnings (1.8% per year) are forecast to grow slower than the UK market (14.8% per year).

High Growth Earnings: HL.'s earnings are forecast to grow, but not significantly.

Revenue vs Market: HL.'s revenue (3.3% per year) is forecast to grow slower than the UK market (3.6% per year).

High Growth Revenue: HL.'s revenue (3.3% 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 high in 3 years time (28.9%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 15:38
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hargreaves Lansdown plc is covered by 35 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Daniel Garrod	Barclays
Peter Richardson	Berenberg
Arnaud Maurice Giblat	BNP Paribas Exane

Hargreaves Lansdown Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Analysts Are Updating Their Hargreaves Lansdown plc (LON:HL.) Estimates After Its Half-Year Results

Consensus EPS estimates increase by 16%

Price target decreased to UK£14.67

Consensus forecasts updated

Recent updates

Hargreaves Lansdown plc Declares Dividend for Full Year Ended on June 30, 2024, Payable on November 1, 2024

Hargreaves Lansdown plc Announces Moni Mannings Stand Down from Board and as Remuneration Committee Chair, Effective End of October 2024

Hargreaves Lansdown Shares Listing to Cancel from FCA & LSE

Hargreaves Lansdown plc Proposes Final Dividend, Payable on 1 November 2024

Hargreaves Lansdown Confirms Receipt of a Further Non-Binding Proposal from a Consortium

High number of new directors

Hargreaves Lansdown plc(LSE:HL.) dropped from FTSE 250 (Ex Investment Companies) Index (GBP)

The Consortium of CVC Capital Partners Limited, Nordic Capital XI Delta, SCSp and Platinum Ivy B 2018 Rsc Limited cancelled the acquisition of Hargreaves Lansdown plc (LSE:HL.) for £4.67 billion.

Investor sentiment improves as stock rises 24%

High number of new directors

Hargreaves Lansdown (LON:HL.) Will Pay A Dividend Of £0.132

Analysts Are Updating Their Hargreaves Lansdown plc (LON:HL.) Estimates After Its Half-Year Results

First half dividend increased to UK£0.13

First half 2024 earnings released: EPS: UK£0.28 (vs UK£0.33 in 1H 2023)

Hargreaves Lansdown plc Appoints Alison Platt as Chair of the Board and as Non-Executive Director

Hargreaves Lansdown plc Announces Directorate Changes

Hargreaves Lansdown plc(LSE:HL.) dropped from FTSE 100 Index

Hargreaves Lansdown plc to Report Fiscal Year 2024 Results on Aug 09, 2024

Hargreaves Lansdown plc Announces Directorate Change

Upcoming dividend of UK£0.29 per share at 5.7% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

Hargreaves Lansdown plc to Report First Half, 2024 Results on Feb 22, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Hargreaves Lansdown plc Proposes Final Ordinary Dividend, Payable 15 December 2023

Hargreaves Lansdown plc Announces Directorate Change

Hargreaves Lansdown plc Appoints Michael Morley to the Group Board as an Independent Non-Executive Director with Effect from 01 August 2023

Now 20% undervalued

Hargreaves Lansdown plc Announces Board Changes, Effective 7 August 2023

Hargreaves Lansdown Appoints Toby Vaughn as Chief Investment Officer

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.13 per share at 4.7% yield

First half 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 16%

Hargreaves Lansdown plc Announces Ordinary Interim Dividend for the Year 2023

Hargreaves Lansdown Appoints Segun Oyinloye as Chief Information Officer and Security Officer

Hargreaves Lansdown plc to Report First Half, 2023 Results on Feb 15, 2023

Hargreaves Lansdown plc Announces Board Changes

Now 20% undervalued

Now 23% undervalued after recent price drop

High number of new directors

Investor sentiment improved over the past week

Hargreaves Lansdown plc Announces Chris Hill retire as Executive Director

Upcoming dividend of UK£0.27 per share

Full year 2022 earnings: EPS exceeds analyst expectations

Now 20% undervalued

Full year 2022 earnings: EPS exceeds analyst expectations

Hargreaves Lansdown Announces New Executives Appointment

Hargreaves Lansdown plc Announces Appointment of Darren Pope as Non-Executive Director

High number of new directors

Price target decreased to UK£14.67

Consensus forecasts updated

First half 2022 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Hargreaves Lansdown plc Declares Interim Dividend Payable on 1 April 2022

CEO & Executive Director exercised options and sold UK£205k worth of stock

Upcoming dividend of UK£0.39 per share

Full year 2021 earnings released: EPS UK£0.63 (vs UK£0.66 in FY 2020)

Hargreaves Lansdown Hires Anne Fairweather as Head of Government Affairs and Public Policy

Hargreaves Lansdown plc to Report 4 Months Period Ending Apr 30, 2021 Results on May 13, 2021

First half 2021 earnings released: EPS UK£0.32 (vs UK£0.29 in 1H 2020)

Revenue and earnings beat expectations

New 90-day high: UK£16.82

Hargreaves Lansdown plc to Report First Half, 2021 Results on Feb 01, 2021

New 90-day high: UK£16.55

Hargreaves Lansdown plc Announces Board Changes, Effective January 1, 2021

Market bids up stock over the past week

Hargreaves Lansdown plc Appoints Adrian Collins as A Non-Independent Non-Executive Director, Effective 2 November 2020