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Harsco

NYSE:HSC
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HSC
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Harsco Corporation provides industrial services and engineered products worldwide. The last earnings update was 41 days ago. More info.


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  • Harsco has significant price volatility in the past 3 months.
HSC Share Price and Events
7 Day Returns
2.5%
NYSE:HSC
1.4%
US Machinery
1.2%
US Market
1 Year Returns
7.5%
NYSE:HSC
2.3%
US Machinery
2.3%
US Market
HSC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Harsco (HSC) 2.5% 10.1% 23.8% 7.5% 296.4% -1.2%
US Machinery 1.4% 4% 1.3% 2.3% 44.4% 24%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • HSC outperformed the Machinery industry which returned 2.3% over the past year.
  • HSC outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
HSC
Industry
5yr Volatility vs Market

Value

 Is Harsco 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 Harsco 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 Harsco.

NYSE:HSC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:HSC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.065 (1 + (1- 21%) (32.57%))
1.227
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.227 * 5.96%)
10.04%

Discounted Cash Flow Calculation for NYSE:HSC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Harsco is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:HSC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.04%)
2019 58.10 Analyst x2 52.80
2020 119.15 Analyst x2 98.39
2021 219.00 Analyst x1 164.34
2022 279.18 Est @ 27.48% 190.37
2023 335.16 Est @ 20.05% 207.69
2024 384.96 Est @ 14.86% 216.77
2025 428.14 Est @ 11.22% 219.08
2026 465.27 Est @ 8.67% 216.35
2027 497.33 Est @ 6.89% 210.15
2028 525.38 Est @ 5.64% 201.74
Present value of next 10 years cash flows $1,777.69
NYSE:HSC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $525.38 × (1 + 2.73%) ÷ (10.04% – 2.73%)
$7,378.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,378.88 ÷ (1 + 10.04%)10
$2,833.39
NYSE:HSC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,777.69 + $2,833.39
$4,611.08
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,611.08 / 80.19
$57.5
NYSE:HSC Discount to Share Price
Calculation Result
Value per share (USD) From above. $57.50
Current discount Discount to share price of $27.19
= -1 x ($27.19 - $57.50) / $57.50
52.7%

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

Current Discount
Amount off the current price Harsco is available for.
Intrinsic value
>50%
Share price is $27.19 vs Future cash flow value of $57.5
Current Discount Checks
For Harsco to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Harsco's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Harsco's share price is below the future cash flow value, and 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 Harsco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Harsco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HSC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.73
NYSE:HSC Share Price ** NYSE (2019-06-19) in USD $27.19
United States of America Machinery Industry PE Ratio Median Figure of 99 Publicly-Listed Machinery Companies 20.47x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

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

** Primary Listing of Harsco.

NYSE:HSC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HSC Share Price ÷ EPS (both in USD)

= 27.19 ÷ 1.73

15.69x

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

  • Harsco is good value based on earnings compared to the US Machinery industry average.
  • Harsco is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Harsco's expected growth come at a high price?
Raw Data
NYSE:HSC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.9%per year
United States of America Machinery Industry PEG Ratio Median Figure of 80 Publicly-Listed Machinery Companies 1.46x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:HSC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.69x ÷ 6.9%

2.27x

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

  • Harsco is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Harsco's assets?
Raw Data
NYSE:HSC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.58
NYSE:HSC Share Price * NYSE (2019-06-19) in USD $27.19
United States of America Machinery Industry PB Ratio Median Figure of 127 Publicly-Listed Machinery Companies 2.26x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NYSE:HSC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HSC Share Price ÷ Book Value per Share (both in USD)

= 27.19 ÷ 3.58

7.6x

* Primary Listing of Harsco.

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

  • Harsco is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Harsco'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Harsco has a total score of 4/6, 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 Harsco expected to perform in the next 1 to 3 years based on estimates from 3 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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Harsco expected to grow at an attractive rate?
  • Harsco's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Harsco's earnings growth is positive but not above the United States of America market average.
  • Harsco's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HSC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HSC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.9%
NYSE:HSC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.7%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:HSC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HSC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,094 309 161 1
2020-12-31 2,024 274 136 3
2019-12-31 1,931 240 118 3
NYSE:HSC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,762 215 140
2018-12-31 1,722 192 137
2018-09-30 1,740 189 57
2018-06-30 1,680 177 38
2018-03-31 1,643 175 17
2017-12-31 1,607 177 8
2017-09-30 1,512 138 26
2017-06-30 1,495 178 -20
2017-03-31 1,470 157 -67
2016-12-31 1,451 160 -86
2016-09-30 1,478 137 -78
2016-06-30 1,539 105 -53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Harsco's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Harsco's revenue is expected to grow by 5.7% 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
NYSE:HSC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Harsco Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HSC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.00 2.00 2.00 1.00
2020-12-31 1.69 1.69 1.69 1.00
2019-12-31 1.45 1.45 1.45 1.00
NYSE:HSC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.73
2018-12-31 1.69
2018-09-30 0.71
2018-06-30 0.47
2018-03-31 0.21
2017-12-31 0.09
2017-09-30 0.33
2017-06-30 -0.25
2017-03-31 -0.83
2016-12-31 -1.07
2016-09-30 -0.97
2016-06-30 -0.66

*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.
  • Unable to establish if Harsco will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Harsco'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Harsco has a total score of 1/6, 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 Harsco 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 Harsco's growth in the last year to its industry (Machinery).
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.
  • Harsco has delivered over 20% year on year earnings growth in the past 5 years.
  • Harsco's 1-year earnings growth exceeds its 5-year average (739.7% vs 69.8%)
  • Harsco's earnings growth has exceeded the US Machinery industry average in the past year (739.7% vs 28.5%).
Earnings and Revenue History
Harsco'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 Harsco Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HSC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,761.63 139.55 246.37 5.57
2018-12-31 1,722.38 136.78 234.24 5.55
2018-09-30 1,740.46 57.41 235.94 5.51
2018-06-30 1,679.63 37.90 239.24 4.72
2018-03-31 1,642.56 16.62 234.00 4.64
2017-12-31 1,607.06 7.63 232.39 4.23
2017-09-30 1,512.31 26.39 220.21 4.63
2017-06-30 1,495.45 -19.89 209.78 4.60
2017-03-31 1,470.48 -66.52 204.24 4.23
2016-12-31 1,451.22 -86.34 198.29 4.28
2016-09-30 1,478.43 -77.71 205.77 3.77
2016-06-30 1,538.98 -53.35 220.05 3.92
2016-03-31 1,624.79 -19.05 228.99 4.47
2015-12-31 1,723.09 7.17 242.11 4.51
2015-09-30 1,827.74 -30.47 259.09 4.38
2015-06-30 1,925.79 2.78 262.34 4.18
2015-03-31 2,005.38 -17.22 281.85 3.72
2014-12-31 2,066.29 -22.28 284.74 5.47
2014-09-30 2,255.00 -8.16 320.33 7.28
2014-06-30 2,468.67 -266.42 376.56 9.51
2014-03-31 2,693.06 -228.38 424.21 10.63
2013-12-31 2,895.97 -231.36 482.12 10.17
2013-09-30 2,981.50 -465.25 501.01 9.69
2013-06-30 2,998.24 -205.79 498.86 8.77
2013-03-31 3,009.08 -217.09 498.83 9.28
2012-12-31 3,046.02 -258.89 502.79 9.42
2012-09-30 3,072.42 -81.82 504.38 8.66
2012-06-30 3,171.50 -75.82 511.53 8.08

*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.
  • Whilst Harsco made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Harsco used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Harsco has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Harsco'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 Machinery 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.
Harsco has a total score of 5/6, 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 Harsco'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 Harsco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Harsco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Harsco's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Harsco'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x 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 Harsco Company Filings, last reported 2 months ago.

NYSE:HSC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 335.27 710.05 85.48
2018-12-31 313.38 604.08 65.59
2018-09-30 304.39 640.28 63.64
2018-06-30 266.15 666.35 66.05
2018-03-31 246.35 627.53 65.98
2017-12-31 215.17 587.99 62.56
2017-09-30 210.02 626.88 59.65
2017-06-30 186.90 642.49 58.31
2017-03-31 168.53 673.90 64.74
2016-12-31 137.56 659.07 70.35
2016-09-30 293.02 675.55 79.91
2016-06-30 300.95 878.06 69.24
2016-03-31 322.33 888.03 70.41
2015-12-31 310.80 900.93 79.76
2015-09-30 273.29 859.20 57.99
2015-06-30 311.46 944.17 67.15
2015-03-31 347.82 918.84 66.55
2014-12-31 351.91 874.24 62.84
2014-09-30 583.53 829.09 72.60
2014-06-30 575.49 882.71 77.47
2014-03-31 603.28 879.53 83.36
2013-12-31 597.56 824.31 93.61
2013-09-30 605.33 1,081.57 115.98
2013-06-30 855.74 1,055.31 89.27
2013-03-31 874.56 1,027.39 93.14
2012-12-31 861.62 983.61 95.25
2012-09-30 1,198.59 981.20 113.74
2012-06-30 1,159.59 977.57 121.37
  • Harsco's level of debt (196.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (145.9% vs 196.9% today).
  • Debt is well covered by operating cash flow (32.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
X
Financial health checks
We assess Harsco'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. Harsco has a total score of 3/6, 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 Harsco'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
0%
Current annual income from Harsco dividends.
If you bought $2,000 of Harsco shares you are expected to receive $0 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?
  • Unable to evaluate Harsco's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Harsco's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:HSC 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 3 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HSC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NYSE:HSC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-11-08 0.000 0.000
2017-08-03 0.000 0.000
2017-05-03 0.000 0.000
2017-02-24 0.000 0.000
2016-11-03 0.000 0.000
2016-08-04 0.000 0.000
2016-05-04 0.000 0.000
2016-02-26 0.205 3.747
2015-11-09 0.820 11.121
2015-04-29 0.820 6.385
2015-02-20 0.820 4.951
2014-10-30 0.820 4.605
2014-07-31 0.820 3.664
2014-04-29 0.820 3.113
2014-01-28 0.820 3.480
2013-10-29 0.820 3.038
2013-07-30 0.820 3.239
2013-04-24 0.820 3.512
2013-01-28 0.820 3.405
2012-10-31 0.820 3.772
2012-07-24 0.820 3.937
2012-04-25 0.820 4.071
2012-02-28 0.820 3.650
2011-11-17 0.820 3.884
2011-09-20 0.820 3.799
2011-06-14 0.820 3.186
2011-02-22 0.820 2.434
2010-11-18 0.820 2.800
2010-09-21 0.820 3.417
2010-06-15 0.820 3.462
2010-02-23 0.820 2.758
2009-11-19 0.820 2.588
2009-09-22 0.800 2.327

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

  • Unable to perform a dividend volatility check as Harsco has not reported any payouts.
  • Unable to verify if Harsco's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Harsco's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Harsco has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Harsco's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Harsco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Harsco has a total score of 0/6, 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 Harsco'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
Nick Grasberger
COMPENSATION $5,737,547
AGE 54
TENURE AS CEO 4.8 years
CEO Bio

Mr. F. Nicholas Grasberger, III, also known as Nick, has been the Chief Executive Officer and President of Harsco Corporation since August 1, 2014. Mr. Grasberger has been Interim President of Harsco Metals & Minerals Segment at Harsco Corporation since July 16, 2015 and also has been its Interim President of Harsco Rail Group since August 16, 2016. He served as the Chief Financial Officer and Senior Vice President at Harsco Corporation since April 22, 2013 until November 2014. He served as Principal Accounting Officer at Harsco Corporation since November 15, 2013 until May 23, 2014. Mr. Grasberger served as Chief Operating Officer at Harsco Corporation from April 8, 2014 to August 1, 2014. He served as the Managing Director of Operations at Fenner Plc and served as its Managing Director of Precision Polymers Division from March 2011 to April 2013. He joined Harsco in 2013 as Chief Financial Officer. He is a Chairman of Harsco Corporation since October 2018. Prior to Fenner, he served as the Chief Executive Officer of Armstrong Building Products B.V. He served as Senior Vice President and Chief Financial Officer of Armstrong Holdings Inc. since January 1, 2005. He served as Executive Vice President and Chief Executive Officer of Armstrong Building Products & Asia Pacific at Armstrong World Industries, Inc. from April 2009 to November 2009. He served as the Chief Financial Officer and Senior Vice President of Armstrong World Industries Inc., a subsidiary of Armstrong Holdings Inc. from January 1, 2005 to April 1, 2009. He has also served on the boards of Brand Energy and Infrastructure Services of Stone Mountain, Ga. and Lancaster General Hospital in Lancaster, Pa. He served as Corporate Treasurer and Director of Corporate Planning at H.J. Heinz Company. Mr. Grasberger served as Vice President and Chief Financial Officer of Kennametal Inc. of Kennametal Hertel AG from August 2000 to December 31, 2004. He restructured the finance function and improved its effectiveness while serving as a key member of Kennametal's leadership team that restored discipline and investor confidence. He serves as a Director at Louisiana Pacific Corporation since June 14, 2019. Mr. Grasberger played a leadership role in improving Kennametal's portfolio and accelerating growth through a series of acquisitions and divestitures in North America and Europe. Before his service at Kennametal, he was employed at H.J. Heinz Company for eleven years, where his last assignment was Corporate Treasurer from 1997 to 2000. He began his career in the Treasury Department at USX Corporation. He serves as Trustee of Lancaster General Health. He serves as Director of Harsco Corporation since April 29, 2014. He served as a Member of the Supervisory Board of Kennametal Hertel AG. Mr. Grasberger holds a BBA in Business from the University Of Notre Dame in 1985 and an MBA from the Joseph Katz Graduate School of Business at the University of Pittsburgh.

CEO Compensation
  • Nick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Nick's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Harsco management team in years:

4.7
Average Tenure
54
Average Age
  • The tenure for the Harsco management team is about average.
Management Team

Nick Grasberger

TITLE
Chairman President & CEO
COMPENSATION
$6M
AGE
54
TENURE
4.8 yrs

Pete Minan

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
56
TENURE
4.6 yrs

Russell Hochman

TITLE
Senior VP
COMPENSATION
$1M
AGE
54
TENURE
4.1 yrs

Tracey McKenzie

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$1M
AGE
50
TENURE
4.8 yrs

Sam Fenice

TITLE
VP, Corporate Controller & Principal Accounting Officer
AGE
43
TENURE
2.8 yrs

Dave Martin

TITLE
Director of Investor Relations
TENURE
5.3 yrs

Scott Gerson

TITLE
Senior VP & Group President of Harsco Industrial
COMPENSATION
$1M
AGE
47
TENURE
8.4 yrs

Dejun Shan

TITLE
Head of Beijing Office
TENURE
13.3 yrs

Chris Stump

TITLE
Chief Financial Officer of the Metals & Minerals Division
AGE
66
TENURE
4.1 yrs

Jeswant Gill

TITLE
Senior VP & Group President of Harsco Rail
AGE
55
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Harsco board of directors in years:

3.2
Average Tenure
62
Average Age
  • The tenure for the Harsco board of directors is about average.
Board of Directors

Dave Everitt

TITLE
Independent Lead Director
COMPENSATION
$286K
AGE
66
TENURE
4.8 yrs

Nick Grasberger

TITLE
Chairman President & CEO
COMPENSATION
$6M
AGE
54
TENURE
0.7 yrs

Kathy Eddy

TITLE
Independent Director
COMPENSATION
$205K
AGE
67
TENURE
14.8 yrs

Jim Earl

TITLE
Independent Director
COMPENSATION
$208K
AGE
61
TENURE
6.9 yrs

Phil Widman

TITLE
Independent Director
COMPENSATION
$208K
AGE
63
TENURE
5.4 yrs

Filho Longhi

TITLE
Independent Director
COMPENSATION
$200K
AGE
64
TENURE
1.6 yrs

Ed Purvis

TITLE
Independent Director
COMPENSATION
$192K
AGE
61
TENURE
1.3 yrs

Carolann Haznedar

TITLE
Independent Director
COMPENSATION
$81K
AGE
58
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Harsco insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Jun 19 Sell Scott Gerson Individual 03. Jun 19 03. Jun 19 -4,428 $25.97 $-114,995
26. Feb 19 Sell Scott Gerson Individual 25. Feb 19 25. Feb 19 -10,000 $22.93 $-229,300
05. Nov 18 Sell Scott Gerson Individual 02. Nov 18 02. Nov 18 -18,802 $27.31 $-513,483
X
Management checks
We assess Harsco'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. Harsco 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

Brief Commentary On Harsco Corporation's (NYSE:HSC) Fundamentals

HSC's shares are now trading at a price below its true value based on its discounted cash flows, indicating a relatively pessimistic market sentiment. … Also, relative to the rest of its peers with similar levels of earnings, HSC's share price is trading below the group's average. … NYSE:HSC Income Statement, June 13th 2019 Next Steps: For Harsco, I've put together three important aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for HSC’s future growth?

Simply Wall St -

Harsco Corporation (NYSE:HSC) Earns Among The Best Returns In Its Industry

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Harsco: 0.15 = US$195m ÷ (US$1.7b - US$425m) (Based on the trailing twelve months to March 2019.) So, Harsco has an ROCE of 15%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Does Harsco Corporation's (NYSE:HSC) CEO Salary Compare Well With Others?

View our latest analysis for Harsco How Does Nick Grasberger's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Nick Grasberger receives more in total compensation than the median of a group of companies in the same market, and of similar size to Harsco Corporation. … We examined the amount Harsco Corporation pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

Do Institutions Own Harsco Corporation (NYSE:HSC) Shares?

A look at the shareholders of Harsco Corporation (NYSE:HSC) can tell us which group is most powerful. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that used to be publicly owned tend to have lower insider ownership.

Simply Wall St -

With EPS Growth And More, Harsco (NYSE:HSC) Is Interesting

So if you're like me, you might be more interested in profitable, growing companies, like Harsco (NYSE:HSC). … How Fast Is Harsco Growing Its Earnings Per Share. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats).

Simply Wall St -

Harsco Corporation (NYSE:HSC) Insiders Have Been Selling

So we'll take a look at whether insiders have been buying or selling shares in Harsco Corporation (NYSE:HSC). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … All up, insiders sold more shares in Harsco than they bought, over the last year.

Simply Wall St -

Announcing: Harsco Stock Soared An Exciting 511% In The Last Three Years

Take, for example, the Harsco Corporation (NYSE:HSC) share price, which skyrocketed 511% over three years. … During three years of share price growth, Harsco achieved compound earnings per share growth of 167% per year. … The average annual share price increase of 83% is actually lower than the EPS growth.

Simply Wall St -

A Close Look At Harsco Corporation’s (NYSE:HSC) 16% ROCE

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

What Type Of Shareholder Owns Harsco Corporation's (NYSE:HSC)?

Generally speaking, as a company grows, institutions will increase their ownership. … institutions own shares in the company. … We can zoom in on the different ownership groups, to learn more about HSC

Simply Wall St -

Is Harsco Corporation's (NYSE:HSC) High P/E Ratio A Problem For Investors?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use Harsco Corporation's (NYSE:HSC) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Harsco Corporation provides industrial services and engineered products worldwide. It operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment offers on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules. It serves steel mills and asphalt roofing manufacturers. The Harsco Industrial segment manufactures and supplies custom-engineered and manufactured air-cooled heat exchangers for the natural gas, natural gas processing, and petrochemical industries; and industrial grating products, such as metal bar grating configurations for industrial flooring, and safety and security applications in the energy, paper, chemical, refining, and processing industries. It also provides heat transfer products, such as boilers and water heaters for commercial and institutional applications; and high-security fencing products. The Harsco Rail segment offers equipment, after-market parts, and services for the maintenance, repair, and construction of railway track. It manufactures and sells highly-engineered railway track maintenance equipment, and collision avoidance and warning systems to support passenger, rail worker, and pedestrian safety, as well as measurement and diagnostic technologies that support railway maintenance programs. This segment serves private and government-owned railroads, and urban mass transit systems. The company was founded in 1853 and is headquartered in Camp Hill, Pennsylvania.

Details
Name: Harsco Corporation
HSC
Exchange: NYSE
Founded: 1853
$2,180,354,381
80,189,569
Website: http://www.harsco.com
Address: Harsco Corporation
350 Poplar Church Road,
Camp Hill,
Pennsylvania, 17011,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HSC Common Stock New York Stock Exchange US USD 02. Jan 1968
DB HA7 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
9,900
Harsco employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:38
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.