Halfords Group
Market Cap
UK£548.6m
Last Updated
2021/01/23 01:20 UTC
Data Sources
Company Financials +
Executive Summary
Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.8% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has Halfords Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HFD is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: HFD's weekly volatility has decreased from 13% to 8% over the past year.
Market Performance
7 Day Return
-6.9%
HFD
0.9%
GB Specialty Retail
-0.5%
GB Market
1 Year Return
69.2%
HFD
0.7%
GB Specialty Retail
-8.2%
GB Market
Return vs Industry: HFD exceeded the UK Specialty Retail industry which returned 0.7% over the past year.
Return vs Market: HFD exceeded the UK Market which returned -8.2% over the past year.
Shareholder returns
| HFD | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.9% | 0.9% | -0.5% |
| 30 Day | 3.1% | 0.04% | 3.0% |
| 90 Day | 16.8% | 3.4% | 14.1% |
| 1 Year | 69.2%69.2% | 0.9%0.7% | -4.5%-8.2% |
| 3 Year | -9.3%-22.3% | 12.9%5.1% | 3.7%-9.0% |
| 5 Year | -2.4%-26.5% | 10.9%-3.9% | 42.1%14.4% |
Long-Term Price Volatility Vs. Market
How volatile is Halfords Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 hours ago | Simply Wall St
The CEO & Executive Director of Halfords Group plc (LON:HFD), Graham Stapleton, Just Sold 100% Of Their Holding4 days ago | Simply Wall St
How Much Is Halfords Group's (LON:HFD) CEO Getting Paid?2 weeks ago | Simply Wall St
Halfords Group (LON:HFD) Seems To Use Debt Quite SensiblyValuation
Is Halfords Group undervalued compared to its fair value and its price relative to the market?
13.51x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HFD (£2.79) is trading above our estimate of fair value (£2.1)
Significantly Below Fair Value: HFD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HFD is good value based on its PE Ratio (13.5x) compared to the GB Specialty Retail industry average (19.4x).
PE vs Market: HFD is good value based on its PE Ratio (13.5x) compared to the UK market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: HFD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HFD is good value based on its PB Ratio (1.3x) compared to the GB Specialty Retail industry average (1.7x).
Next Steps
Future Growth
How is Halfords Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-0.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HFD's earnings are forecast to decline over the next 3 years (-0.8% per year).
Earnings vs Market: HFD's earnings are forecast to decline over the next 3 years (-0.8% per year).
High Growth Earnings: HFD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HFD's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: HFD's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HFD's Return on Equity is forecast to be low in 3 years time (10.5%).
Next Steps
Past Performance
How has Halfords Group performed over the past 5 years?
-15.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HFD has a large one-off loss of £31.9M impacting its October 2 2020 financial results.
Growing Profit Margin: HFD's current net profit margins (3.4%) are lower than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: HFD's earnings have declined by 15% per year over the past 5 years.
Accelerating Growth: HFD's earnings growth over the past year (0.07%) exceeds its 5-year average (-15% per year).
Earnings vs Industry: HFD earnings growth over the past year (0.07%) exceeded the Specialty Retail industry -13.3%.
Return on Equity
High ROE: HFD's Return on Equity (9.9%) is considered low.
Next Steps
Financial Health
How is Halfords Group's financial position?
Financial Position Analysis
Short Term Liabilities: HFD's short term assets (£320.1M) do not cover its short term liabilities (£393.4M).
Long Term Liabilities: HFD's short term assets (£320.1M) exceed its long term liabilities (£318.0M).
Debt to Equity History and Analysis
Debt Level: HFD's debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: HFD's debt to equity ratio has reduced from 19% to 0.6% over the past 5 years.
Debt Coverage: HFD's debt is well covered by operating cash flow (12520.8%).
Interest Coverage: HFD's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Halfords Group current dividend yield, its reliability and sustainability?
2.09%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HFD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HFD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HFD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HFD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HFD is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HFD's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Graham Stapleton
3yrs
Tenure
UK£678,065
Compensation
Mr. Graham Stapleton has been Chief Executive Officer and Director at Halfords Group plc since January 15, 2018. Mr. Stapleton served as Chief Executive Officer of honeyBee at Dixons Carphone plc (formerly...
CEO Compensation Analysis
Compensation vs Market: Graham's total compensation ($USD926.46K) is about average for companies of similar size in the UK market ($USD1.01M).
Compensation vs Earnings: Graham's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3yrs | UK£678.07k | 0.064% £ 350.8k | |
| CFO & Director | 2.17yrs | UK£418.60k | 0.035% £ 190.3k | |
| Chief Operating Officer | 2yrs | no data | no data | |
| Head of Investor Relations & Corporate Finance | no data | no data | no data | |
| Managing Director of Autocentres | 6.83yrs | no data | no data | |
| Company Secretary | 5yrs | no data | no data |
3.0yrs
Average Tenure
Experienced Management: HFD's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3yrs | UK£678.07k | 0.064% £ 350.8k | |
| CFO & Director | 2.17yrs | UK£418.60k | 0.035% £ 190.3k | |
| Independent Non-Executive Chairman | 2.5yrs | UK£192.40k | 0.066% £ 362.1k | |
| Independent Non-Executive Director | 6.83yrs | UK£63.18k | 0.0015% £ 8.3k | |
| Independent Non-Executive Director | 1.83yrs | UK£62.72k | no data |
2.5yrs
Average Tenure
62yo
Average Age
Experienced Board: HFD's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HFD insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Halfords Group plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Halfords Group plc
- Ticker: HFD
- Exchange: LSE
- Founded: 1892
- Industry: Automotive Retail
- Sector: Retail
- Market Cap: UK£548.596m
- Shares outstanding: 196.98m
- Website: https://www.halfordscompany.com
Number of Employees
Location
- Halfords Group plc
- Icknield Street Drive
- Washford West
- Redditch
- Worcestershire
- B98 0DE
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HFD | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jun 2004 |
| HDK | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2004 |
| HLFD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2004 |
| HFDL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jun 2004 |
| HLFD.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Dec 2009 |
Biography
Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the United Kingdom and the Republic of Ireland. Its Retail segment is involved in the retail of automoti...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 01:20 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/10/02 |
| Annual Earnings | 2020/04/03 |
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.