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Hastings Group Holdings

LSE:HSTG
Snowflake Description

Proven track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HSTG
LSE
£2B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Hastings Group Holdings plc, together with its subsidiaries, underwrites general insurance products in the United Kingdom. The last earnings update was 15 days ago. More info.


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HSTG Share Price and Events
7 Day Returns
6.8%
LSE:HSTG
3.2%
GB Insurance
1.1%
GB Market
1 Year Returns
-17.8%
LSE:HSTG
-4%
GB Insurance
2.7%
GB Market
HSTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hastings Group Holdings (HSTG) 6.8% 8.3% 16% -17.8% 32.1% -
GB Insurance 3.2% 2.9% 11% -4% 14.1% 23%
GB Market 1.1% 3.1% 8.5% 2.7% 14.1% 5.7%
1 Year Return vs Industry and Market
  • HSTG underperformed the Insurance industry which returned -4% over the past year.
  • HSTG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.7% over the past year.
Price Volatility
HSTG
Industry
5yr Volatility vs Market

Value

 Is Hastings Group Holdings 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 Hastings Group Holdings 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 Hastings Group Holdings.

LSE:HSTG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= £1.12 * 19.2%
£0.21
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. £1.12
Discount Rate (Cost of Equity) See below 7.1%
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 LSE:HSTG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 19%) (16.6%))
0.882
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.882 * 6.65%)
7.09%

Discounted Cash Flow Calculation for LSE:HSTG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hastings Group Holdings 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.

LSE:HSTG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (19.2% – 7.09%) * £1.12)
£0.14
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.14 / (7.09% - 1.23%)
£2.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.12 + £2.31
£3.42
LSE:HSTG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £3.42
Current discount Discount to share price of £2.32
= -1 x (£2.32 - £3.42) / £3.42
32.4%

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

Current Discount
Amount off the current price Hastings Group Holdings is available for.
Intrinsic value
32%
Share price is £2.32 vs Future cash flow value of £3.42
Current Discount Checks
For Hastings Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hastings Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hastings Group Holdings'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 Hastings Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hastings Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:HSTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.20
LSE:HSTG Share Price ** LSE (2019-04-17) in GBP £2.32
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 15.97x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.25x

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

** Primary Listing of Hastings Group Holdings.

LSE:HSTG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:HSTG Share Price ÷ EPS (both in GBP)

= 2.32 ÷ 0.20

11.65x

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

  • Hastings Group Holdings is good value based on earnings compared to the GB Insurance industry average.
  • Hastings Group Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Hastings Group Holdings's expected growth come at a high price?
Raw Data
LSE:HSTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
3.6%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.58x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

LSE:HSTG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.65x ÷ 3.6%

3.22x

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

  • Hastings Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hastings Group Holdings's assets?
Raw Data
LSE:HSTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £0.99
LSE:HSTG Share Price * LSE (2019-04-17) in GBP £2.32
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:HSTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:HSTG Share Price ÷ Book Value per Share (both in GBP)

= 2.32 ÷ 0.99

2.34x

* Primary Listing of Hastings Group Holdings.

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

  • Hastings Group Holdings is overvalued based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Hastings Group Holdings'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Hastings Group Holdings 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.

Future Performance

 How is Hastings Group Holdings expected to perform in the next 1 to 3 years based on estimates from 10 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
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hastings Group Holdings expected to grow at an attractive rate?
  • Hastings Group Holdings's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Hastings Group Holdings's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Hastings Group Holdings's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:HSTG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:HSTG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 3.6%
LSE:HSTG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 5.4%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
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
LSE:HSTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:HSTG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 134
2022-12-31 133
2021-12-31 882 151 3
2020-12-31 848 148 5
2019-12-31 778 129 3
LSE:HSTG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 756 151 131
2018-09-30 752 166 136
2018-06-30 747 180 142
2018-03-31 731 201 134
2017-12-31 716 222 127
2017-09-30 684 225 110
2017-06-30 653 229 94
2017-03-31 622 201 86
2016-12-31 590 173 78
2016-09-30 566 163 59
2016-06-30 541 153 40
2016-03-31 511 155 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hastings Group Holdings's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Hastings Group Holdings's revenue is expected to grow by 5.4% 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
LSE:HSTG 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 10 Analyst Estimates (S&P Global) See Below

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

LSE:HSTG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.20 0.20 0.20 1.00
2022-12-31 0.20 0.20 0.20 1.00
2021-12-31 0.23 0.26 0.20 9.00
2020-12-31 0.22 0.35 0.18 13.00
2019-12-31 0.19 0.21 0.18 12.00
LSE:HSTG Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.20
2018-09-30 0.21
2018-06-30 0.22
2018-03-31 0.20
2017-12-31 0.19
2017-09-30 0.17
2017-06-30 0.14
2017-03-31 0.13
2016-12-31 0.12
2016-09-30 0.09
2016-06-30 0.07
2016-03-31 0.04

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

Past Performance

  How has Hastings Group Holdings 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 Hastings Group Holdings's growth in the last year to its industry (Insurance).
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.
  • Hastings Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Hastings Group Holdings's 1-year earnings growth is less than its 5-year average (3.1% vs 46.8%)
  • Hastings Group Holdings's earnings growth has not exceeded the GB Insurance industry average in the past year (3.1% vs 5.3%).
Earnings and Revenue History
Hastings Group Holdings'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 Hastings Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:HSTG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 756.40 130.60 3.30
2018-09-30 751.55 136.15 4.50
2018-06-30 746.70 141.70 5.70
2018-03-31 731.15 134.20 6.15
2017-12-31 715.60 126.70 6.60
2017-09-30 684.20 110.15 5.25
2017-06-30 652.80 93.60 3.90
2017-03-31 621.55 86.00 3.55
2016-12-31 590.30 78.40 3.20
2016-09-30 565.70 59.30 1.75
2016-06-30 541.10 40.20 0.30
2016-03-31 511.05 21.25 0.40
2015-12-31 481.00 2.30 0.50
2015-09-30 456.00 6.50 0.45
2015-06-30 431.00 10.70 0.40
2015-03-31 407.00 1.15 0.45
2014-12-31 383.00 -8.40 0.50
2013-12-31 343.30 64.80
2012-12-31 290.70 53.00

*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.
  • Hastings Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Hastings Group Holdings used its assets more efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Hastings Group Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hastings Group Holdings'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 Insurance 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.
Hastings Group Holdings has a total score of 4/6, 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.

Health

 How is Hastings Group Holdings'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 Hastings Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hastings Group Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hastings Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hastings Group Holdings'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.4x 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 Hastings Group Holdings Company Filings, last reported 3 months ago.

LSE:HSTG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 651.00 254.10 78.10
2018-09-30 651.00 254.10 78.10
2018-06-30 626.20 252.70 81.80
2018-03-31 626.20 252.70 81.80
2017-12-31 612.90 272.00 86.40
2017-09-30 612.90 272.00 86.40
2017-06-30 569.10 281.60 214.80
2017-03-31 569.10 281.60 214.80
2016-12-31 553.60 286.60 82.80
2016-09-30 553.60 286.60 82.80
2016-06-30 536.60 286.10 191.70
2016-03-31 536.60 286.10 191.70
2015-12-31 503.20 295.70 80.80
2015-09-30 503.20 295.70 80.80
2015-06-30 -10.00 743.00 197.50
2015-03-31 -10.00 743.00 197.50
2014-12-31 -13.90 722.90 348.30
2013-12-31
2012-12-31
  • Hastings Group Holdings's level of debt (39%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Hastings Group Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (59.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.6x coverage).
X
Financial health checks
We assess Hastings Group Holdings'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. Hastings Group Holdings 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.

Dividends

 What is Hastings Group Holdings'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
5.83%
Current annual income from Hastings Group Holdings dividends. Estimated to be 6.76% next year.
If you bought £2,000 of Hastings Group Holdings shares you are expected to receive £117 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?
  • Hastings Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Hastings Group Holdings's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.07%).
Upcoming dividend payment

Purchase Hastings Group Holdings 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
LSE:HSTG 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 10 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
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.

LSE:HSTG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.11 2.00
2022-12-31 0.19 2.00
2021-12-31 0.17 10.00
2020-12-31 0.16 13.00
2019-12-31 0.14 12.00
LSE:HSTG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-02 0.135 6.083
2019-02-28 0.135 6.269
2018-04-17 0.126 5.505
2018-03-01 0.126 4.675
2017-03-02 0.099 3.284
2017-03-01 0.099 4.264
2016-08-11 0.066 2.961
2016-04-22 0.022 1.196
2016-03-15 0.022 1.291

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

  • Whilst dividend payments have been stable, Hastings Group Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hastings Group Holdings only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Hastings Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Hastings Group Holdings'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 Hastings Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hastings Group Holdings 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.

Management

 What is the CEO of Hastings Group Holdings'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
Toby van der Meer
AGE 40
TENURE AS CEO 1.1 years
CEO Bio

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 Group Holdings plc till March 1, 2018. Mr. van der Meer serves as Managing Director of Retail at Hastings Insurance Services Limited. He has been Managing Director of Retail at Hastings Insurance Group (Finance) plc since 2011. He has responsibility for the broking operations of Hastings. He served as Managing Director of Money at Moneysupermarket.com Group PLC since July 1, 2009, where he was responsible for the money and broker lead businesses and all front and back office operations. He was previously head of retail banking (Europe) at Anglo Irish Bank from 2008 to 2009, head of UK retail banking and UK Marketing Director at Citigroup and Egg Internet Banking from 2005 to 2008 and held various positions at Egg and strategy consulting firm Monitor Company. He holds an economics and management degree from Oxford University.

CEO Compensation
  • Insufficient data for Toby to compare compensation growth.
  • Insufficient data for Toby to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Toby van der Meer

TITLE
CEO & Director
AGE
40
TENURE
1.1 yrs

John Worth

TITLE
Group Chief Financial Officer
AGE
54
TENURE
0.3 yrs

John Armstrong

TITLE
Head of Investor Relations

Carole Jones

TITLE
Group Human Resources Director
AGE
58

Tony Leppard

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Hastings Group Holdings board of directors in years:

3.2
Average Tenure
56.5
Average Age
  • The tenure for the Hastings Group Holdings board of directors is about average.
Board of Directors

Gary Hoffman

TITLE
Non-Executive Chairman
COMPENSATION
£12M
AGE
58
TENURE
0.9 yrs

Toby van der Meer

TITLE
CEO & Director
AGE
40
TENURE
1.1 yrs

Tom Colraine

TITLE
Senior Independent Director
COMPENSATION
£82K
AGE
59
TENURE
3.6 yrs

Pierre Lefèvre

TITLE
Independent Non-Executive Director
COMPENSATION
£49K
AGE
62
TENURE
3.6 yrs

Teresa Robson-Capps

TITLE
Independent Non-Executive Director
COMPENSATION
£52K
AGE
63
TENURE
2.8 yrs

Richard Hoskins

TITLE
Director
COMPENSATION
£4M
AGE
54
TENURE
3.6 yrs

Ian Cormack

TITLE
Independent Non-Executive Director
COMPENSATION
£50K
AGE
71
TENURE
3.6 yrs

Sumit Rajpal

TITLE
Non-Executive Director
AGE
42
TENURE
3.6 yrs

Alison Burns

TITLE
Independent Non-Executive Director
COMPENSATION
£51K
AGE
55
TENURE
2.8 yrs

Herman Bosman

TITLE
Non-Executive Director
AGE
50
TENURE
2.1 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 (£)
20. Sep 18 Sell Gary Hoffman Individual 19. Sep 18 19. Sep 18 -545,187 £2.69 £-1,466,553
19. Sep 18 Sell Tobias van der Meer Individual 18. Sep 18 18. Sep 18 -129,536 £2.69 £-348,452
08. Aug 18 Sell Richard Hoskins Individual 08. Aug 18 08. Aug 18 -400,000 £2.45 £-980,000
X
Management checks
We assess Hastings Group Holdings'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. Hastings Group Holdings 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.

News

Simply Wall St News

What Is Hastings Group Holdings plc's (LON:HSTG) Share Price Doing?

Hastings Group Holdings plc (LON:HSTG), which is in the insurance business, and is based in United Kingdom,. … received a lot of attention from a substantial price increase on the LSE over the last few months. … Let’s examine Hastings Group Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Does Hastings Group Holdings plc's (LON:HSTG) PE Ratio Warrant A Buy?

Hastings Group Holdings plc (LON:HSTG) is currently trading at a trailing P/E of 12.4x, which is lower than the industry average of 17x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … View our latest analysis for Hastings Group Holdings

Simply Wall St -

Where Hastings Group Holdings plc's (LON:HSTG) Earnings Growth Stands Against Its Industry

Understanding Hastings Group Holdings plc's (LON:HSTG) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Hastings Group Holdings is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Check out our latest analysis for Hastings Group Holdings.

Simply Wall St -

What's The Value Of Hastings Group Holdings plc (LON:HSTG)?

Insurance stocks such as HSTG are hard to value. … This is because the rules banks face are different to other companies, which can impact the way we forecast their cash flows. … For example, insurance companies are required to hold more capital to reduce the risk to shareholders.

Simply Wall St -

When Should You Buy Hastings Group Holdings plc (LON:HSTG)?

Hastings Group Holdings plc (LON:HSTG), a insurance company based in United Kingdom,. … A question to answer is whether Hastings Group Holdings's current trading price of £2.52 reflective of the actual value of the? … Let’s take a look at Hastings Group Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why Hastings Group Holdings plc (LON:HSTG) Is An Attractive Stock On Right Now

Hastings Group Holdings plc (LON:HSTG) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of HSTG, it

Simply Wall St -

Should Hastings Group Holdings plc (LON:HSTG) Be Part Of Your Dividend Portfolio?

In the past 2 years Hastings Group Holdings plc (LON:HSTG) has returned an average of 3.00% per year to investors in the form of dividend payouts. … Let's take a look at Hastings Group Holdings in more detail. … See our latest analysis for Hastings Group Holdings

Simply Wall St -

If You Bought Hastings Group Holdings plc (LON:HSTG) Today, There May Be An Upside

Looking at line items like book values, as well as the return and cost of equity, is practical for computing HSTG’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) = (23.29% – 8.30%) * £1.1 = £0.16 Excess Return Per Share is used to calculate the terminal value of HSTG, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = £0.16 / (8.30% – 1.49%) = £2.42 Combining these components gives us HSTG's intrinsic value per share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = £1.1 + £2.42 = £3.51 Compared to the current share price of £2.72, HSTG is , at this time, priced beneath its true value.

Simply Wall St -

Does Hastings Group Holdings plc's (LON:HSTG) Past Performance Indicate A Stronger Future?

When Hastings Group Holdings plc's (LSE:HSTG) announced its latest earnings (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Hastings Group Holdings's average earnings over the past couple of years, and its industry performance. … Given that these figures may be somewhat myopic, I have computed an annualized five-year figure for Hastings Group Holdings's earnings, which stands at UK£49.71M This shows that, generally, Hastings Group Holdings has been able to gradually raise its bottom line over the last few years as well.

Simply Wall St -

Hastings Group Holdings And Other High Value-Adding Stocks

Moreover, HSTG's high dividend payments make it one of the best dividend stocks on the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments. … Games Workshop Group PLC (LSE:GAW) Games Workshop Group PLC, together with its subsidiaries, designs, manufactures, and distributes miniature figures and games in the United Kingdom, Continental Europe, North America, Australia, New Zealand, and Asia. … In addition, GAW's consistent dividend payout, which has grown over a long period of time, makes it one of the best dividend companies in the market.

Simply Wall St -

Company Info

Description

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 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.

Details
Name: Hastings Group Holdings plc
HSTG
Exchange: LSE
Founded: 1996
£1,530,626,724
660,892,368
Website: http://www.hastingsplc.com
Address: Hastings Group Holdings plc
Conquest House,
Collington Avenue,
Bexhill-On-Sea,
East Sussex, TN39 3LW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HSTG Ordinary Shares London Stock Exchange GB GBP 12. Oct 2015
DB 8HG Ordinary Shares Deutsche Boerse AG DE EUR 12. Oct 2015
Number of employees
Current staff
Staff numbers
3,400
Hastings Group Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 23:33
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/03/26
Last earnings filing: 2019/04/02
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.