Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 250

 1,095.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,153.00
  • 52 Week Low: 694.00
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 0
  • Market Cap: £5,194m
  • RiskGrade: 176
  • Beta: 0.46

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 3.8% 5.1% 5.0% 2.4% 2.3%
           
Continuing Operations          
PE Ratio - Adjusted 15.9 11.0 17.3 25.4 28.1
PE Ratio - Diluted 18.3
15.2		 12.0
10.8		 17.3
15.7		 25.4
25.3		 24.7
28.2
PEG - Adjusted n/a 0.2 n/a 3.2 2.6
PEG - Diluted n/a
n/a		 0.2
0.2		 n/a
n/a		 n/a
2.8		 0.9
2.6
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Operating Margin 47.94%
55.75%		 52.29%
57.20%		 46.31%
51.17%		 57.94%
58.11%		 68.34%
61.30%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 15.9 11.0 17.3 2,514.7 28.1
PE Ratio - Diluted 18.3
15.2		 12.0
10.8		 17.3
15.7		 2,518.7
2,508.5		 24.7
28.2
PEG - Adjusted n/a 0.2 0.0 n/a 0.1
PEG - Diluted n/a
n/a		 0.2
0.2		 0.0
0.0		 n/a
n/a		 0.1
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Net Gearing (75.13%) (51.53%) (82.86%) (72.50%) (38.69%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Price/Book Value 6.9 5.9 7.0 13.5 14.6
Price/Tangible Book Value 6.9 5.9 7.0 13.5 14.6
Price/ Cash Flow 15.6 18.0 14.2 22.9 29.1
Price/Revenue 7.03 5.27 6.41 1,182.00 14.01
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 162.98p 138.64p 112.77p 117.67p 111.49p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Continuing Operations          
Revenue 764.90 735.10 583.00 6.37 550.90
EBITDA 352.10
411.80		 369.60
405.70		 285.10
313.40		 3.85
3.85		 390.10
351.30
Depreciation 14.60
14.60		 14.80
14.80		 (15.10)
(15.10)		 (0.16)
(0.15)		 (13.60)
(13.60)
Net Interest 29.60
29.60		 18.30
18.30		 (0.80)
(0.80)		 n/a
n/a		 1.80
1.80
Profit Before Tax 396.30
456.00		 402.70
438.80		 269.20
297.50		 3.69
3.71		 378.30
339.50
           
Revenue per Share 160.96p 154.89p 122.91p 1.34p 116.26p
Pre-Tax Profit per Share 83.40p
95.96p		 84.85p
92.46p		 56.76p
62.72p		 0.78p
0.78p		 79.84p
71.65p
Market Capitalisation £ (Millions) 5,369.29 3,868.54 3,736.68 7,536.92 7,724.28
Enterprise Value (EV) £ (Millions) 5,370.29 3,872.74 3,747.88 7,550.42 7,743.38
EBITDA/EV 6.56%
7.67%		 9.54%
10.48%		 7.61%
8.36%		 0.05%
0.05%		 5.04%
4.54%
Operating Margin 47.94%
55.75%		 52.29%
57.20%		 46.31%
51.17%		 57.94%
58.11%		 68.34%
61.30%
Capital Employed £ (Millions) 786.70 668.60 549.30 575.20 549.00
Return on Capital Employed n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 823.10 712.70 577.70 596.20 559.10
           
Earnings per Share - Basic 61.90p
74.26p		 68.30p
75.83p		 45.60p
50.39p		 62.60p
62.85p		 66.10p
57.89p
Earnings per Share - Diluted 61.70p
74.26p		 68.20p
75.83p		 45.60p
50.33p		 62.50p
62.76p		 65.90p
57.77p
Earnings per Share - Adjusted 71.00p 74.30p 45.60p 62.60p 57.90p
Earnings per Share Growth - Basic -9%
-2%		 50%
50%		 -27%
-20%		 -5%
9%		 27%
11%
Earnings per Share Growth - Diluted -10%
-2%		 50%
51%		 -27%
-20%		 -5%
9%		 27%
11%
Earnings per Share Growth - Adjusted -4% 63% -27% 8% 11%
PE Ratio - Diluted 18.3
15.2		 12.0
10.8		 17.3
15.7		 25.4
25.3		 24.7
28.2
PEG - Diluted n/a
n/a		 0.2
0.2		 n/a
n/a		 n/a
2.8		 0.9
2.6
Tax Rate 26.02% 19.62% 19.84% 19.04% 17.21%
Dividend Cover 1.64
1.72		 1.79
1.83		 1.15
1.27		 1.63
1.63		 1.54
1.54
Interest Cover 661.50
761.00		 576.29
627.86		 337.50
372.88		 367.00
368.10		 379.30
340.50
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 61.90p
74.26p		 68.30p
75.83p		 45.60p
50.39p		 0.63p
0.63p		 66.10p
57.89p
Earnings per Share - Diluted 61.70p
74.26p		 68.20p
75.83p		 45.60p
50.33p		 0.63p
0.63p		 65.90p
57.77p
Earnings per Share - Adjusted 71.00p 74.30p 45.60p 0.63p 57.90p
Earnings per Share Growth - Basic -9%
-2%		 50%
50%		 7,116%
7,842%		 -99%
-99%		 408%
344%
Earnings per Share Growth - Diluted -10%
-2%		 50%
51%		 7,128%
7,845%		 -99%
-99%		 407%
345%
Earnings per Share Growth - Adjusted -4% 63% 7,116% -99% 345%
PE Ratio - Diluted 18.3
15.2		 12.0
10.8		 17.3
15.7		 2,518.7
2,508.5		 24.7
28.2
PEG - Diluted n/a
n/a		 0.2
0.2		 0.0
0.0		 n/a
n/a		 0.1
0.1
Dividend Cover 1.64
1.72		 1.79
1.83		 1.15
1.27		 0.02
0.02		 1.54
1.54
Return on Equity (ROE) 35.62%
42.87%		 45.43%
50.50%		 37.44%
41.37%		 0.50%
0.50%		 56.00%
49.06%
Operating Cash Flow per Share 72.71p 45.37p 55.43p 69.36p 56.01p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 51.20p (24.23p) 9.07p 0.45p 11.95p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 43.20p 41.50p 39.70p 38.50p 37.50p
Dividend per Share Growth 4.10% 4.53% 3.12% 2.67% 11.28%
Dividend Yield 3.8% 5.1% 5.0% 2.4% 2.3%
Shareholders Funds 815.10 709.70 575.10 593.50 558.30
Net Borrowings £ (Millions) (612.40) (365.70) (476.50) (430.30) (216.00)
Net Asset Value per Share (inc. Intangibles) 162.98p 138.64p 113.11p 117.90p 111.64p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Shareholders' Funds inc Intangibles 815.10 709.70 575.10 593.50 558.30
Net Borrowings £ (Millions) (612.40) (365.70) (476.50) (430.30) (216.00)
Net Gearing (75.13%) (51.53%) (82.86%) (72.50%) (38.69%)
Cash & Near Cash 616.60 373.30 488.30 445.30 235.90
Cash 75.65% 52.60% 84.91% 75.03% 42.25%
Gross Borrowings 4.20 7.60 11.80 15.00 19.90
Gross Gearing 0.52% 1.07% 2.05% 2.53% 3.56%
Borrowings Under 5 years 4.20 7.60 11.80 15.00 19.90
Under 5 years 0.52% 1.07% 2.05% 2.53% 3.56%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Shareholders' Funds exc Intangibles 774.50 658.00 536.50 558.60 529.00
Net Borrowings £ (Millions) (612.40) (365.70) (476.50) (430.30) (216.00)
Net Gearing (79.07%) (55.58%) (88.82%) (77.03%) (40.83%)
Cash & Near Cash 616.60 373.30 488.30 445.30 235.90
Cash 79.61% 56.73% 91.02% 79.72% 44.59%
Gross Borrowings 4.20 7.60 11.80 15.00 19.90
Gross Gearing 0.54% 1.16% 2.20% 2.69% 3.76%
Borrowings Under 5 years 4.20 7.60 11.80 15.00 19.90
Under 5 years 0.54% 1.16% 2.20% 2.69% 3.76%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 30-Jun-24 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 2.15 2.15 2.07 1.70 1.74
Interest Cover 661.50
761.00		 576.29
627.86		 337.50
372.88		 367.00
368.10		 379.30
340.50

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page