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HRV

Harvest TechnologyMTSE:HRV Stock Report

Market Cap

€33.3m

7D

0%

1Y

0.7%

Updated

06 Dec, 2021

Data

Company Financials
HRV fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

HRV Stock Overview

Harvest Technology p.l.c., together with its subsidiaries, engages in the sale, maintenance, and servicing of information technology solutions and security systems in Malta, the European Union, and non- European Union countries.

Price History & Performance

Summary of all time highs, changes and price drops for Harvest Technology
Historical stock prices
Current Share Price€1.46
52 Week High€1.59
52 Week Low€1.40
Beta0
1 Month Change-2.67%
3 Month Change-2.67%
1 Year Change0.69%
3 Year Changen/a
5 Year Changen/a
Change since IPO-2.67%

Recent News & Updates

Jun 03
Returns On Capital Are A Standout For Harvest Technology (MTSE:HRV)

Returns On Capital Are A Standout For Harvest Technology (MTSE:HRV)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...

Shareholder Returns

HRVMT ITMT Market
7D0%-1.9%-0.5%
1Y0.7%16.5%-9.6%

Return vs Industry: HRV underperformed the MT IT industry which returned 15.9% over the past year.

Return vs Market: HRV exceeded the MT Market which returned -7.7% over the past year.

Price Volatility

Is HRV's price volatile compared to industry and market?
HRV volatility
HRV Average Weekly Movementn/a
IT Industry Average Movement5.2%
Market Average Movement4.9%
10% most volatile stocks in MT Market9.7%
10% least volatile stocks in MT Market2.6%

Stable Share Price: Insufficient data to determine HRV's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine HRV's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013122Godwin Caruanahttps://harvest.tech

Harvest Technology p.l.c., together with its subsidiaries, engages in the sale, maintenance, and servicing of information technology solutions and security systems in Malta, the European Union, and non- European Union countries. It operates through two segments: Payment Processing Services and Retail and IT Solutions. The company also provides electronic payment solutions; and entities delivering systems engineering, e-commerce platforms, automation products, networking and system maintenance, product development, and IT outsourcing services.

Harvest Technology Fundamentals Summary

How do Harvest Technology's earnings and revenue compare to its market cap?
HRV fundamental statistics
Market Cap€33.26m
Earnings (TTM)€3.09m
Revenue (TTM)€18.10m

10.8x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HRV income statement (TTM)
Revenue€18.10m
Cost of Revenue€9.67m
Gross Profit€8.43m
Expenses€5.35m
Earnings€3.09m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin46.59%
Net Profit Margin17.05%
Debt/Equity Ratio4.6%

How did HRV perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

61%

Payout Ratio

Valuation

Is Harvest Technology undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HRV (€1.46) is trading below our estimate of fair value (€3.67)

Significantly Below Fair Value: HRV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HRV is good value based on its PE Ratio (10.8x) compared to the European IT industry average (25.2x).

PE vs Market: HRV is good value based on its PE Ratio (10.8x) compared to the MT market (23.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HRV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HRV is good value based on its PB Ratio (2.6x) compared to the XE IT industry average (3.6x).


Future Growth

How is Harvest Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.0%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Harvest Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Harvest Technology performed over the past 5 years?

37.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HRV has high quality earnings.

Growing Profit Margin: HRV's current net profit margins (17.1%) are higher than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: HRV's earnings have grown significantly by 37.4% per year over the past 5 years.

Accelerating Growth: HRV's earnings growth over the past year (32.5%) is below its 5-year average (37.4% per year).

Earnings vs Industry: HRV earnings growth over the past year (32.5%) exceeded the IT industry 26%.


Return on Equity

High ROE: HRV's Return on Equity (24%) is considered high.


Financial Health

How is Harvest Technology's financial position?


Financial Position Analysis

Short Term Liabilities: HRV's short term assets (€10.2M) exceed its short term liabilities (€6.6M).

Long Term Liabilities: HRV's short term assets (€10.2M) exceed its long term liabilities (€1.8M).


Debt to Equity History and Analysis

Debt Level: HRV has more cash than its total debt.

Reducing Debt: Insufficient data to determine if HRV's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HRV's debt is well covered by operating cash flow (738.9%).

Interest Coverage: HRV's interest payments on its debt are well covered by EBIT (42.7x coverage).


Balance Sheet


Dividend

What is Harvest Technology current dividend yield, its reliability and sustainability?

5.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HRV's dividend (5.75%) is higher than the bottom 25% of dividend payers in the MT market (2.11%).

High Dividend: HRV's dividend (5.75%) is in the top 25% of dividend payers in the MT market (4.55%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether HRV's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if HRV's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.4%), HRV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Godwin Caruana

no data

Tenure

Dr. Godwin Caruana, Ph D., is the Chief Technical Officer at 1923 Investments plc. serves as the Chief Executive Officer and Chief Technology Officer at Harvest Technology p.l.c. (formerly known as Harvest...


Leadership Team

Experienced Management: HRV's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: HRV's board of directors are not considered experienced ( 2.2 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Harvest Technology p.l.c.'s employee growth, exchange listings and data sources


Key Information

  • Name: Harvest Technology p.l.c.
  • Ticker: HRV
  • Exchange: MTSE
  • Founded: 2013
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €33.260m
  • Shares outstanding: 22.78m
  • Website: https://harvest.tech

Number of Employees


Location

  • Harvest Technology p.l.c.
  • Nineteen Twenty-Three
  • Valletta Road
  • Marsa
  • 3000
  • Malta

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/06 16:31
End of Day Share Price2021/11/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.