Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom.
Excellent balance sheet and slightly overvalued.
Share Price & News
How has Hastings Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HSTG has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HSTG exceeded the UK Insurance industry which returned -25.7% over the past year.
Return vs Market: HSTG exceeded the UK Market which returned -11.7% over the past year.
Price Volatility Vs. Market
How volatile is Hastings Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StShould You Be Tempted To Sell Hastings Group Holdings plc (LON:HSTG) Because Of Its P/E Ratio?
4 weeks ago | Simply Wall StHastings Group Holdings plc (LON:HSTG) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
1 month ago | Simply Wall St4 Days Left Until Hastings Group Holdings plc (LON:HSTG) Trades Ex-Dividend
Is Hastings Group Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HSTG (£1.83) is trading below our estimate of fair value (£3.37)
Significantly Below Fair Value: HSTG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HSTG is poor value based on its PE Ratio (17.3x) compared to the Insurance industry average (10.9x).
PE vs Market: HSTG is poor value based on its PE Ratio (17.3x) compared to the UK market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: HSTG is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: HSTG is overvalued based on its PB Ratio (1.9x) compared to the GB Insurance industry average (1.2x).
How is Hastings Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HSTG's forecast earnings growth (14.4% per year) is above the savings rate (1.2%).
Earnings vs Market: HSTG's earnings (14.4% per year) are forecast to grow slower than the UK market (20.4% per year).
High Growth Earnings: HSTG's earnings are forecast to grow, but not significantly.
Revenue vs Market: HSTG's revenue (5.2% per year) is forecast to grow faster than the UK market (3.7% per year).
High Growth Revenue: HSTG's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HSTG's Return on Equity is forecast to be low in 3 years time (17.1%).
How has Hastings Group Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HSTG has high quality earnings.
Growing Profit Margin: HSTG's current net profit margins (9.4%) are lower than last year (17.3%).
Past Earnings Growth Analysis
Earnings Trend: HSTG has become profitable over the past 5 years, growing earnings by 35.5% per year.
Accelerating Growth: HSTG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HSTG had negative earnings growth (-46.6%) over the past year, making it difficult to compare to the Insurance industry average (4.2%).
Return on Equity
High ROE: HSTG's Return on Equity (10.9%) is considered low.
How is Hastings Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: HSTG's short term assets (£2.0B) do not cover its short term liabilities (£2.2B).
Long Term Liabilities: HSTG's short term assets (£2.0B) exceed its long term liabilities (£295.7M).
Debt to Equity History and Analysis
Debt Level: HSTG's debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: HSTG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HSTG's debt is well covered by operating cash flow (59.5%).
Interest Coverage: HSTG's interest payments on its debt are well covered by EBIT (9.4x coverage).
What is Hastings Group Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HSTG's dividend (5.46%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: HSTG's dividend (5.46%) is low compared to the top 25% of dividend payers in the UK market (5.69%).
Stability and Growth of Payments
Stable Dividend: HSTG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: HSTG's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (94.6%), HSTG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HSTG's dividends in 3 years are forecast to be covered by earnings (74.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Toby van der Meer (41yo)
Mr. Tobias Adriaan van der Meer, also known as Toby, is the Chief Executive Officer and Director of Hastings Group Holdings plc since March 1, 2018. He served as Managing Director of Retail at Hastings Gro ...
CEO Compensation Analysis
Compensation vs Market: Toby's total compensation ($USD838.94K) is below average for companies of similar size in the UK market ($USD1.72M).
Compensation vs Earnings: Toby's compensation has been consistent with company performance over the past year.
|CEO & Director||2.25yrs||UK£673.08k||0.54% £6.5m|
|Group CFO & Director||1.08yrs||UK£541.58k||0.0047% £56.4k|
|Independent Non-Executive Chairman||0.083yr||UK£90.25k||0.012% £140.0k|
|Non-Executive Director||3.25yrs||no data||no data|
|Independent Non-Executive Director||4.75yrs||UK£111.02k||0.014% £172.8k|
|Independent Non-Executive Director||1.75yrs||UK£50.61k||no data|
|Independent Non-Executive Director||2.83yrs||UK£95.48k||no data|
|Senior Independent Director||0.083yr||UK£65.60k||no data|
|Independent Non-Executive Director||3.92yrs||UK£50.70k||no data|
Experienced Board: HSTG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hastings Group Holdings plc's company bio, employee growth, exchange listings and data sources
- Name: Hastings Group Holdings plc
- Ticker: HSTG
- Exchange: LSE
- Founded: 1996
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: UK£1.210b
- Shares outstanding: 660.88m
- Website: https://www.hastingsplc.com
Number of Employees
- Hastings Group Holdings plc
- Conquest House
- Collington Avenue
- East Sussex
- TN39 3LW
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HSTG||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Oct 2015|
|8HG||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 2015|
|HSTGL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Oct 2015|
|HNGG.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 2015|
Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. It is involved in the underwriting and brokerage of private car, van, bike, and home insurance under various brands, including Hastings Direct, Hastings PREMIER, Hastings ESSENTIAL, Hastings Direct SmartMiles, InsurePink, and People’s Choice. The company leases properties. Hastings Group Holdings plc was founded in 1996 and is based in Bexhill-On-Sea, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 00:14|
|End of Day Share Price||2020/06/02 00:00|
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.