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Hargreaves Services

AIM:HSP
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HSP
AIM
£94M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Hargreaves Services plc, together with its subsidiaries, engages in the mining, sourcing, processing, blending, moving, and handling coal in the United Kingdom and internationally. The last earnings update was 78 days ago. More info.


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HSP Share Price and Events
7 Day Returns
-1.7%
AIM:HSP
0.7%
GB Oil and Gas
1%
GB Market
1 Year Returns
-13.4%
AIM:HSP
19%
GB Oil and Gas
1.6%
GB Market
HSP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hargreaves Services (HSP) -1.7% -4.4% -1.5% -13.4% 87.1% -63.9%
GB Oil and Gas 0.7% 5.4% 9.3% 19% 52.6% -2.7%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • HSP underperformed the Oil and Gas industry which returned 19% over the past year.
  • HSP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
HSP
Industry
5yr Volatility vs Market

HSP Value

 Is Hargreaves Services 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 Services 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 Services.

AIM:HSP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
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:HSP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.952 (1 + (1- 19%) (58.91%))
1.272
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.272 * 6.65%)
9.69%

Discounted Cash Flow Calculation for AIM:HSP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hargreaves Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:HSP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.69%)
2019 -0.90 Analyst x1 -0.82
2020 11.20 Analyst x1 9.31
2021 4.40 Analyst x1 3.33
2022 3.81 Est @ -13.3% 2.64
2023 3.47 Est @ -8.94% 2.19
2024 3.27 Est @ -5.89% 1.88
2025 3.15 Est @ -3.76% 1.65
2026 3.08 Est @ -2.26% 1.47
2027 3.04 Est @ -1.21% 1.32
2028 3.02 Est @ -0.48% 1.20
Present value of next 10 years cash flows £24.16
AIM:HSP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £3.02 × (1 + 1.23%) ÷ (9.69% – 1.23%)
£36.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £36.18 ÷ (1 + 9.69%)10
£14.35
AIM:HSP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £24.16 + £14.35
£38.51
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £38.51 / 32.13
£1.2
AIM:HSP Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.20
Current discount Discount to share price of £2.94
= -1 x (£2.94 - £1.20) / £1.20
-145.2%

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

  • The current share price of Hargreaves Services 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 Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hargreaves Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:HSP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in GBP £-0.08
AIM:HSP Share Price ** AIM (2019-04-18) in GBP £2.94
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 31 Publicly-Listed Oil and Gas Companies 9.81x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

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

** Primary Listing of Hargreaves Services.

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

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

= 2.94 ÷ -0.08

-35.76x

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

  • Hargreaves Services is loss making, we can't compare its value to the GB Oil and Gas industry average.
  • Hargreaves Services is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Hargreaves Services's expected growth come at a high price?
Raw Data
AIM:HSP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -35.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
92.8%per year
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 18 Publicly-Listed Oil and Gas Companies 0.48x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*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 Hargreaves Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hargreaves Services's assets?
Raw Data
AIM:HSP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in GBP £4.16
AIM:HSP Share Price * AIM (2019-04-18) in GBP £2.94
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
AIM:HSP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.94 ÷ 4.16

0.71x

* Primary Listing of Hargreaves Services.

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

  • Hargreaves Services is good value based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Hargreaves Services'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Hargreaves Services has a total score of 1/6, 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.

HSP Future Performance

 How is Hargreaves Services expected to perform in the next 1 to 3 years based on estimates from 2 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
92.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hargreaves Services expected to grow at an attractive rate?
  • Hargreaves Services's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Hargreaves Services's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Hargreaves Services's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:HSP Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:HSP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 92.8%
AIM:HSP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -7%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
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:HSP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:HSP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-05-31 263 12 9 1
2020-05-31 260 18 8 2
2019-05-31 284 11 1 2
AIM:HSP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-11-30 315 31 -3
2018-08-31 306 24 -1
2018-05-31 297 17 1
2017-11-30 322 39 5
2017-08-31 332 36 5
2017-05-31 343 33 6
2017-02-28 340 28 -2
2016-11-30 337 22 -10
2016-08-31 339 14 -10
2016-05-31 341 6 -10
2016-02-29 413 22 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hargreaves Services's earnings are expected to grow significantly at over 20% yearly.
  • Hargreaves Services's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:HSP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Hargreaves Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:HSP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-05-31 0.19 0.19 0.19 1.00
2020-05-31 0.18 0.18 0.18 1.00
2019-05-31 0.08 0.08 0.08 1.00
AIM:HSP Past Financials Data
Date (Data in GBP Millions) EPS *
2018-11-30 -0.08
2018-08-31 -0.02
2018-05-31 0.04
2017-11-30 0.15
2017-08-31 0.16
2017-05-31 0.18
2017-02-28 -0.07
2016-11-30 -0.31
2016-08-31 -0.31
2016-05-31 -0.30
2016-02-29 -0.03

*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 Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hargreaves Services'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.
Hargreaves Services 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.

HSP Past Performance

  How has Hargreaves Services 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 Services's growth in the last year to its industry (Oil and Gas).
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 Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hargreaves Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hargreaves Services's 1-year growth to the GB Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Hargreaves Services'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 Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:HSP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 314.72 -2.64 29.34
2018-08-31 305.92 -0.70 29.97
2018-05-31 297.12 1.23 30.60
2017-11-30 322.05 4.69 34.05
2017-08-31 332.38 5.18 36.82
2017-05-31 342.71 5.67 39.60
2017-02-28 339.80 -2.37 25.44
2016-11-30 336.74 -9.88 25.56
2016-08-31 338.70 -9.72 23.72
2016-05-31 340.67 -9.56 21.88
2016-02-29 413.22 -0.95 17.80
2015-11-30 485.77 7.67 13.72
2015-08-31 573.97 14.45 14.35
2015-05-31 662.16 21.23 14.98
2015-02-28 711.07 26.35 20.37
2014-11-30 759.99 31.46 25.77
2014-08-31 814.62 36.10 28.57
2014-05-31 869.24 40.73 31.36
2014-02-28 906.64 40.41 32.58
2013-11-30 944.04 40.10 33.81
2013-08-31 893.67 37.71 30.12
2013-05-31 843.30 35.32 26.44
2012-11-30 654.83 41.27 25.16
2012-08-31 636.38 36.26 28.26
2012-05-31 617.92 31.26 31.36

*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.
  • It is difficult to establish if Hargreaves Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Hargreaves Services has efficiently used its assets last year compared to the GB Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hargreaves Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hargreaves Services'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 Oil and Gas 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 Services has a total score of 0/6, 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.

HSP Health

 How is Hargreaves Services'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 Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hargreaves Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hargreaves Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hargreaves Services'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 3.4x 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 Hargreaves Services Company Filings, last reported 4 months ago.

AIM:HSP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 133.39 55.64 27.00
2018-08-31 133.39 55.64 27.00
2018-05-31 136.09 46.89 16.11
2017-11-30 134.92 38.23 17.59
2017-08-31 134.92 38.23 17.59
2017-05-31 137.93 43.55 27.82
2017-02-28 137.93 43.55 27.82
2016-11-30 129.19 64.41 27.46
2016-08-31 129.19 64.41 27.46
2016-05-31 131.36 53.77 21.16
2016-02-29 131.36 53.77 21.16
2015-11-30 141.27 52.95 21.80
2015-08-31 141.27 52.95 21.80
2015-05-31 148.50 46.13 43.85
2015-02-28 148.50 46.13 43.85
2014-11-30 152.23 61.53 21.15
2014-08-31 152.23 61.53 21.15
2014-05-31 150.12 100.51 30.77
2014-02-28 150.12 100.51 30.77
2013-11-30 139.88 105.76 8.42
2013-08-31 139.88 105.76 8.42
2013-05-31 118.33 144.45 61.44
2012-11-30 125.62 157.07 44.48
2012-08-31 125.62 157.07 44.48
2012-05-31 136.36 128.16 45.85
  • Hargreaves Services's level of debt (41.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (75.5% vs 41.7% today).
  • Debt is well covered by operating cash flow (56.3%, greater than 20% of total debt).
  • Hargreaves Services is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Hargreaves Services'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 Services 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.

HSP Dividends

 What is Hargreaves Services'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
2.45%
Current annual income from Hargreaves Services dividends. Estimated to be 2.97% next year.
If you bought £2,000 of Hargreaves Services shares you are expected to receive £49 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 Services's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Hargreaves Services's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
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:HSP 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 Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.7%
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 5.1%

Industry and Market average data is calculated daily.

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

AIM:HSP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-05-31 0.09 1.00
2020-05-31 0.09 2.00
2019-05-31 0.08 2.00
AIM:HSP Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-10-30 0.072 2.370
2017-10-03 0.072 2.103
2016-09-15 0.023 0.826
2016-08-09 0.023 1.223
2015-09-17 0.300 13.762
2015-08-11 0.300 8.537
2014-09-09 0.255 5.447
2014-09-08 0.255 3.798
2013-10-14 0.205 2.508
2013-09-24 0.205 2.447
2013-02-28 0.187 2.249
2012-11-01 0.178 2.533
2012-09-25 0.178 2.506
2011-09-14 0.155 1.593
2010-09-14 0.135 1.567
2009-09-15 0.118 1.755
2009-04-20 0.108 2.162

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Hargreaves Services's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Hargreaves Services'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 Hargreaves Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hargreaves Services has a total score of 2/6, see the detailed checks below.


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

HSP Management

 What is the CEO of Hargreaves Services'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
Gordon Frank Banham
COMPENSATION £729,000
AGE 54
TENURE AS CEO 17.5 years
CEO Bio

Mr. Gordon Frank Colenso Banham serves as Group Chief Executive and Director at Hargreaves Services Plc. Mr. Banham was Managing Director of his family firm, F Banham Limited, until 1994 when he negotiated its sale to Charrington Fuels, Mr. Banham being appointed as General Manager of the combined businesses. On the acquisition of Charringtons by the CPL Group in 1995, he was made Distribution Director responsible for the enlarged group's coal distribution activities. He joined Hargreaves Services Plc in 2001, subsequently being appointed as Group Chief Executive. He led a management buyout in 2004 and subsequent flotation on the London Stock Exchange the following year. He has since guided a series of major acquisitions.

CEO Compensation
  • Gordon Frank's compensation has been consistent with company performance over the past year.
  • Gordon Frank's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

3.8
Average Tenure
61
Average Age
  • The tenure for the Hargreaves Services management team is about average.
Management Team

Gordon Frank Banham

TITLE
Group Chief Executive & Director
COMPENSATION
£729K
AGE
54
TENURE
17.5 yrs

John William Young Samuel

TITLE
Group Finance Director & Director
COMPENSATION
£290K
AGE
62
TENURE
1.3 yrs

Phil Dryden

TITLE
Chief Operating Officer
AGE
61

Andrew Robertson

TITLE
General Counsel & Group Company Secretary
TENURE
6.3 yrs

Julie Haynes

TITLE
Managing Director of Industrial Services Division

John Burks

TITLE
Managing Director of Production & Distribution Division
TENURE
1.3 yrs

Iain Slater

TITLE
Managing Director of Property Division

Steve Anson

TITLE
Chief Executive Officer of Blackwell - Specialist Earthworks & Infrastructure Division

Hilmar Eller

TITLE
Managing Director of Europe

Frank Oeyen

TITLE
Managing Director of Hargreaves Carbon Products Nv - Energy & Commodities
Board of Directors Tenure

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

1.3
Average Tenure
62
Average Age
  • The average tenure for the Hargreaves Services board of directors is less than 3 years, this suggests a new board.
Board of Directors

Roger McDowell

TITLE
Chairman
COMPENSATION
£2K
AGE
63
TENURE
0.7 yrs

Gordon Frank Banham

TITLE
Group Chief Executive & Director
COMPENSATION
£729K
AGE
54
TENURE
18.3 yrs

John William Young Samuel

TITLE
Group Finance Director & Director
COMPENSATION
£290K
AGE
62
TENURE
1.3 yrs

David Anderson

TITLE
Group Property Director & Director
TENURE
0.3 yrs

Nigel Halkes

TITLE
Non-Executive Director
COMPENSATION
£40K
AGE
62
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hargreaves Services insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
07. Feb 19 Buy David Anderson Individual 06. Feb 19 06. Feb 19 32,775 £3.04 £99,472
X
Management checks
We assess Hargreaves Services'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 Services 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.

HSP News

Simply Wall St News

Should You Worry About Hargreaves Services Plc's (LON:HSP) CEO Pay Cheque?

Gordon Frank Banham has been the CEO of Hargreaves Services Plc (LON:HSP) since 2001. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Gordon Frank Banham's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Hargreaves Services Plc (LON:HSP) A Smart Choice For Dividend Investors?

Historically, Hargreaves Services Plc (LON:HSP) has paid a dividend to shareholders. … Let's take a look at Hargreaves Services in more detail. … View our latest analysis for Hargreaves Services

Simply Wall St -

Did Hargreaves Services Plc (LON:HSP) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in Hargreaves Services Plc (LON:HSP). … Hargreaves Services Insider Transactions Over The Last Year. … That means that an insider was selling shares at around the current price of UK£3.05.

Simply Wall St -

Are Hargreaves Services Plc's (LON:HSP) Interest Costs Too High?

While small-cap stocks, such as Hargreaves Services Plc (LON:HSP) with its market cap of UK£106m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Does Hargreaves Services Plc's (LON:HSP) CEO Salary Compare Well With Others?

In 2001 Gordon Frank Banham was appointed CEO of Hargreaves Services Plc (LON:HSP). … How Does Gordon Frank Banham's Compensation Compare With Similar Sized Companies. … As you can see, Gordon Frank Banham is paid more than the median CEO pay at companies of a similar size, in the same market

Simply Wall St -

Did Hargreaves Services Plc (LON:HSP) Create Value For Investors Over The Past Year?

Hargreaves Services Plc (LON:HSP) generated a below-average return on equity of 0.87% in the past 12 months, while its industry returned 7.69%. … Knowing these components can change your views on HSP's below-average returns. … Today I will look at how components such as financial leverage can influence ROE which may impact the sustainability of HSP's returns

Simply Wall St -

My Concerns Around Hargreaves Services Plc (LON:HSP)

Although HSP seems to be managing its financials well, and appears to be trading around its intrinsic value, meaning we can buy its shares at a fair price, I would rather buy an outstanding business at an OK price. … Hargreaves Services plc, together with its subsidiaries, engages in the mining, sourcing, processing, blending, moving, and handling coal in the United Kingdom, the European Union, and internationally … Since starting in 1994 in United Kingdom, the company has now grown to a market cap of UK£112.72m

Simply Wall St -

Is Hargreaves Services Plc (LON:HSP) A Financially Sound Company?

Hargreaves Services Plc (LON:HSP) is a small-cap stock with a market capitalization of UK£112.56m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Should You Be Tempted To Sell Hargreaves Services Plc (LON:HSP) At Its Current PE Ratio?

and want to begin learning the link between Hargreaves Services Plc (LON:HSP)’s fundamentals and stock market performance. … Hargreaves Services Plc (LON:HSP) is currently trading at a trailing P/E of 29.3x, which is higher than the industry average of 18.1x. … While HSP might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Only 3 Days Left To Hargreaves Services Plc (LON:HSP)’s Ex-Dividend Date, Should You Buy?

Check out our latest analysis for Hargreaves Services Here's how I find good dividend stocks When researching a dividend stock, I always follow the following screening criteria: Is it the top 25% annual dividend yield payer? … AIM:HSP Historical Dividend Yield Feb 18th 18 Does Hargreaves Services pass our checks? … However, going forward, analysts expect HSP's payout to fall to 37.56% of its earnings, which leads to a dividend yield of around 2.36%.

Simply Wall St -

HSP Company Info

Description

Hargreaves Services plc, together with its subsidiaries, engages in the mining, sourcing, processing, blending, moving, and handling coal in the United Kingdom and internationally. It develops and operates surface coal mines; provides earthworks and mining services to various projects; offers underground mining services, such as mining consultancy, contract services, and project management; and provides solid fuels to the industrial and power generation markets. The company also offers specialist engineering contract services in the remediation, geotechnical, and large scale earthmoving areas; develops and realizes land and rents properties; provides bulk haulage and environmental waste disposal services; offers bulk materials handling, facilities management, and mechanical and electrical engineering services; and provides raw materials, such as fuels, ferroalloys, minerals, and pig iron. The company was founded in 1994 and is headquartered in Durham, the United Kingdom.

Details
Name: Hargreaves Services Plc
HSP
Exchange: AIM
Founded: 1994
£94,448,246
32,125,254
Website: http://www.hsgplc.co.uk
Address: Hargreaves Services Plc
West Terrace,
Esh Winning,
Durham,
County Durham, DH7 9PT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM HSP Ordinary Shares London Stock Exchange AIM Market GB GBP 30. Nov 2005
OTCPK HGRV.F Ordinary Shares Pink Sheets LLC US USD 30. Nov 2005
Number of employees
Current staff
Staff numbers
2,000
Hargreaves Services employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:58
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/01/30
Last earnings filing: 2019/01/30
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


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.