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HLG

Hallenstein Glasson HoldingsNZSE:HLG Stock Report

Market Cap

NZ$417.2m

7D

-2.4%

1Y

16.8%

Updated

24 Oct, 2021

Data

Company Financials
HLG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

HLG Overview

Hallenstein Glasson Holdings Limited, through its subsidiaries, retails men’s and women’s clothing in New Zealand and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Hallenstein Glasson Holdings
Historical stock prices
Current Share PriceNZ$7.03
52 Week HighNZ$5.98
52 Week LowNZ$7.85
Beta1.23
1 Month Change-1.95%
3 Month Change-3.83%
1 Year Change16.78%
3 Year Change25.54%
5 Year Change135.12%
Change since IPO698.86%

Recent News & Updates

May 23
Investors Shouldn't Overlook The Favourable Returns On Capital At Hallenstein Glasson Holdings (NZSE:HLG)

Investors Shouldn't Overlook The Favourable Returns On Capital At Hallenstein Glasson Holdings (NZSE:HLG)

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Mar 28
Here's Why I Think Hallenstein Glasson Holdings (NZSE:HLG) Might Deserve Your Attention Today

Here's Why I Think Hallenstein Glasson Holdings (NZSE:HLG) Might Deserve Your Attention Today

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Mar 01
Shareholders of Hallenstein Glasson Holdings (NZSE:HLG) Must Be Delighted With Their 312% Total Return

Shareholders of Hallenstein Glasson Holdings (NZSE:HLG) Must Be Delighted With Their 312% Total Return

When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...

Shareholder Returns

HLGNZ Specialty RetailNZ Market
7D-2.4%2.0%0.4%
1Y16.8%42.5%2.1%

Return vs Industry: HLG underperformed the NZ Specialty Retail industry which returned 42.5% over the past year.

Return vs Market: HLG exceeded the NZ Market which returned 2.1% over the past year.

Price Volatility

Is HLG's price volatile compared to industry and market?
HLG volatility
HLG Beta1.23
Industry Beta0.91
Market Beta1

Stable Share Price: HLG is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HLG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1873n/aMary Devinehttps://www.hallensteinglasson.co.nz

Hallenstein Glasson Holdings Limited, through its subsidiaries, retails men’s and women’s clothing in New Zealand and Australia. The company operates 114 stores, including 43 stores in New Zealand and 4 stores in Australia under the Hallenstein Brothers name; and 36 stores in New Zealand and 32 stores in Australia under the Glassons name. It also sells its products through its e-commerce platform.

Hallenstein Glasson Holdings Fundamentals Summary

How do Hallenstein Glasson Holdings's earnings and revenue compare to its market cap?
HLG fundamental statistics
Market CapNZ$417.24m
Earnings (TTM)NZ$33.32m
Revenue (TTM)NZ$350.76m

12.5x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HLG income statement (TTM)
RevenueNZ$350.76m
Cost of RevenueNZ$149.55m
Gross ProfitNZ$201.21m
ExpensesNZ$167.89m
EarningsNZ$33.32m

Last Reported Earnings

Aug 01, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.56
Gross Margin57.36%
Net Profit Margin9.50%
Debt/Equity Ratio0%

How did HLG perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is Hallenstein Glasson Holdings undervalued compared to its fair value and its price relative to the market?

15.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HLG (NZ$7.03) is trading below our estimate of fair value (NZ$8.29)

Significantly Below Fair Value: HLG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HLG is good value based on its PE Ratio (12.5x) compared to the NZ Specialty Retail industry average (14.1x).

PE vs Market: HLG is good value based on its PE Ratio (12.5x) compared to the NZ market (22.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HLG is overvalued based on its PB Ratio (4.7x) compared to the NZ Specialty Retail industry average (2.6x).


Future Growth

How is Hallenstein Glasson Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.2%

Forecasted Retail 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 Hallenstein Glasson Holdings 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 Hallenstein Glasson Holdings performed over the past 5 years?

14.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLG has high quality earnings.

Growing Profit Margin: HLG's current net profit margins (9.5%) are lower than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: HLG's earnings have grown by 14.8% per year over the past 5 years.

Accelerating Growth: HLG's earnings growth over the past year (20%) exceeds its 5-year average (14.8% per year).

Earnings vs Industry: HLG earnings growth over the past year (20%) underperformed the Specialty Retail industry 20%.


Return on Equity

High ROE: HLG's Return on Equity (37.4%) is considered high.


Financial Health

How is Hallenstein Glasson Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: HLG's short term assets (NZ$69.8M) exceed its short term liabilities (NZ$56.7M).

Long Term Liabilities: HLG's short term assets (NZ$69.8M) exceed its long term liabilities (NZ$53.6M).


Debt to Equity History and Analysis

Debt Level: HLG is debt free.

Reducing Debt: HLG has not had any debt for past 5 years.

Debt Coverage: HLG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HLG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Hallenstein Glasson Holdings's current dividend yield, its reliability and sustainability?

5.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HLG's dividend (5.55%) is higher than the bottom 25% of dividend payers in the NZ market (2.38%).

High Dividend: HLG's dividend (5.55%) is in the top 25% of dividend payers in the NZ market (4.9%)


Stability and Growth of Payments

Stable Dividend: HLG's dividends per share have been stable in the past 10 years.

Growing Dividend: HLG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.7%), HLG'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?

3.8yrs

Average management tenure


CEO

Mary Devine

2.5yrs

Tenure

NZ$706,119

Compensation

Ms. Mary Monica Devine, ONZM, B.Comm, MBA, has been Group Managing Director of Hallenstein Glasson Holdings Limited since April 2019. Ms. Devine has been a Director of Christchurch City Holdings Ltd. Ms. D...


CEO Compensation Analysis

Compensation vs Market: Mary's total compensation ($USD504.08K) is about average for companies of similar size in the NZ market ($USD536.77K).

Compensation vs Earnings: Mary's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HLG's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: HLG's board of directors are seasoned and experienced ( 21.4 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Hallenstein Glasson Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Hallenstein Glasson Holdings Limited
  • Ticker: HLG
  • Exchange: NZSE
  • Founded: 1873
  • Industry: Apparel Retail
  • Sector: Retail
  • Market Cap: NZ$417.245m
  • Shares outstanding: 59.35m
  • Website: https://www.hallensteinglasson.co.nz

Location

  • Hallenstein Glasson Holdings Limited
  • 235-237 Broadway
  • Level 3
  • Auckland
  • 1023
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 06:01
End of Day Share Price2021/10/22 00:00
Earnings2021/08/01
Annual Earnings2021/08/01


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.