Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 250

723.00p
   
  • Change Today:
    -11.20p
  • 52 Week High: 927.00
  • 52 Week Low: 690.40
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 16,070
  • Market Cap: £3,429.32m
  • RiskGrade: 176

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Annualisation Factor 1.0 1.0 n/a 1.0 0.2
Dividend Yield 5.1% 5.0% 2.4% 2.3% 1.8%
           
Continuing Operations          
PE Ratio - Adjusted 11.9 17.3 25.4 28.1 36.8
PE Ratio - Diluted 12.0
12.0		 17.3
15.7		 25.4
25.3		 24.7
28.2		 36.9
36.9
PEG - Adjusted 0.2 n/a 3.2 2.6 0.6
PEG - Diluted 0.2
0.3		 n/a
n/a		 n/a
2.8		 0.9
2.6		 0.6
0.7
Return on Capital Employed 57.49%
57.49%		 49.15%
54.31%		 0.64%
0.64%		 68.58%
61.51%		 17.39%
17.39%
Operating Margin 52.29%
52.29%		 46.31%
51.17%		 57.94%
58.11%		 68.34%
61.30%		 63.12%
63.12%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 11.9 17.3 2,514.7 28.1 147.4
PE Ratio - Diluted 12.0
12.0		 17.3
15.7		 2,518.7
2,508.5		 24.7
28.2		 147.7
147.7
PEG - Adjusted 0.2 0.0 n/a 0.1 n/a
PEG - Diluted 0.2
0.3		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Net Gearing (51.53%) (82.86%) (72.50%) (38.69%) n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Price/Book Value 5.9 7.0 13.5 14.6 20.9
Price/Tangible Book Value 5.9 7.0 13.5 14.6 21.0
Price/ Cash Flow 18.0 14.2 22.9 29.1 34.8
Price/Revenue 5.26 6.41 1,182.00 14.01 75.87
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 138.72p 112.77p 117.67p 111.49p 91.66p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
Revenue 735.10 583.00 6.37 550.90 120.04
EBITDA 399.70
399.70		 285.10
313.40		 3.85
3.85		 390.10
351.30		 75.77
75.77
Depreciation (15.30)
(15.30)		 (15.10)
(15.10)		 (0.16)
(0.15)		 (13.60)
(13.60)		 n/a
n/a
Net Interest 18.30
18.30		 (0.80)
(0.80)		 n/a
n/a		 1.80
1.80		 0.62
0.62
Profit Before Tax 402.70
402.70		 269.20
297.50		 3.69
3.71		 378.30
339.50		 76.40
76.40
           
Revenue per Share 154.98p 122.91p 1.34p 116.26p 25.30p
Pre-Tax Profit per Share 84.90p
84.90p		 56.76p
62.72p		 0.78p
0.78p		 79.84p
71.65p		 16.10p
16.10p
Market Capitalisation £ (Millions) 3,868.54 3,736.68 7,536.92 7,724.28 9,102.17
Enterprise Value (EV) £ (Millions) 3,872.74 3,747.88 7,550.42 7,743.38 9,102.07
EBITDA/EV 10.32%
10.32%		 7.61%
8.36%		 0.05%
0.05%		 5.04%
4.54%		 0.83%
0.83%
Operating Margin 52.29%
52.29%		 46.31%
51.17%		 57.94%
58.11%		 68.34%
61.30%		 63.12%
63.12%
Capital Employed £ (Millions) 668.60 549.30 575.20 549.00 435.70
Return on Capital Employed 57.49%
57.49%		 49.15%
54.31%		 0.64%
0.64%		 68.58%
61.51%		 17.39%
17.39%
Invested Equity Capital £ (Millions) 712.70 577.70 596.20 559.10 458.60
           
Earnings per Share - Basic 68.30p
68.27p		 45.60p
50.39p		 62.60p
62.85p		 66.10p
57.89p		 52.10p
52.13p
Earnings per Share - Diluted 68.20p
68.17p		 45.60p
50.33p		 62.50p
62.76p		 65.90p
57.77p		 52.00p
52.00p
Earnings per Share - Adjusted 68.30p 45.60p 62.60p 57.90p 52.10p
Earnings per Share Growth - Basic 50%
36%		 -27%
-20%		 -5%
9%		 27%
11%		 57%
53%
Earnings per Share Growth - Diluted 50%
36%		 -27%
-20%		 -5%
9%		 27%
11%		 57%
53%
Earnings per Share Growth - Adjusted 50% -27% 8% 11% 57%
PE Ratio - Diluted 12.0
12.0		 17.3
15.7		 25.4
25.3		 24.7
28.2		 36.9
36.9
PEG - Diluted 0.2
0.3		 n/a
n/a		 n/a
2.8		 0.9
2.6		 0.6
0.7
Tax Rate 19.62% 19.84% 19.04% 17.21% 19.03%
Dividend Cover 1.65
1.64		 1.15
1.27		 1.63
1.63		 1.54
1.54		 1.55
1.55
Interest Cover 576.29
576.29		 337.50
372.88		 367.00
368.10		 379.30
340.50		 1,020.33
1,020.33
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 68.30p
68.27p		 45.60p
50.39p		 0.63p
0.63p		 66.10p
57.89p		 13.02p
13.02p
Earnings per Share - Diluted 68.20p
68.17p		 45.60p
50.33p		 0.63p
0.63p		 65.90p
57.77p		 12.99p
12.99p
Earnings per Share - Adjusted 68.30p 45.60p 0.63p 57.90p 13.02p
Earnings per Share Growth - Basic 50%
36%		 7,116%
7,842%		 -99%
-99%		 408%
344%		 -61%
-62%
Earnings per Share Growth - Diluted 50%
36%		 7,128%
7,845%		 -99%
-99%		 407%
345%		 -61%
-62%
Earnings per Share Growth - Adjusted 50% 7,116% -99% 345% -61%
PE Ratio - Diluted 12.0
12.0		 17.3
15.7		 2,518.7
2,508.5		 24.7
28.2		 147.7
147.7
PEG - Diluted 0.2
0.3		 0.0
0.0		 n/a
n/a		 0.1
0.1		 n/a
n/a
Dividend Cover 1.65
1.64		 1.15
1.27		 0.02
0.02		 1.54
1.54		 0.39
0.39
Return on Equity (ROE) 45.43%
45.43%		 37.44%
41.37%		 0.50%
0.50%		 56.00%
49.06%		 13.48%
13.48%
Operating Cash Flow per Share 45.39p 55.43p 69.36p 56.01p 55.10p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (24.25p) 9.07p 0.45p 11.95p 2.84p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 41.50p 39.70p 38.50p 37.50p 33.70p
Dividend per Share Growth 4.53% 3.12% 2.67% 11.28% 56.02%
Dividend Yield 5.1% 5.0% 2.4% 2.3% 1.8%
Shareholders Funds 709.70 575.10 593.50 558.30 457.90
Net Borrowings £ (Millions) (365.70) (476.50) (430.30) (216.00) (179.30)
Net Asset Value per Share (inc. Intangibles) 138.72p 113.11p 117.90p 111.64p 91.37p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds inc Intangibles 709.70 575.10 593.50 558.30 457.90
Net Borrowings £ (Millions) (365.70) (476.50) (430.30) (216.00) (179.30)
Net Gearing (51.53%) (82.86%) (72.50%) (38.69%) n/a
Cash & Near Cash 373.30 488.30 445.30 235.90 179.30
Cash 52.60% 84.91% 75.03% 42.25% 39.16%
Gross Borrowings 7.60 11.80 15.00 19.90 n/a
Gross Gearing 1.07% 2.05% 2.53% 3.56% n/a
Borrowings Under 5 years 7.60 11.80 15.00 19.90 n/a
Under 5 years 1.07% 2.05% 2.53% 3.56% n/a
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-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds exc Intangibles 658.00 536.50 558.60 529.00 433.60
Net Borrowings £ (Millions) (365.70) (476.50) (430.30) (216.00) (179.30)
Net Gearing (55.58%) (88.82%) (77.03%) (40.83%) n/a
Cash & Near Cash 373.30 488.30 445.30 235.90 179.30
Cash 56.73% 91.02% 79.72% 44.59% 41.35%
Gross Borrowings 7.60 11.80 15.00 19.90 n/a
Gross Gearing 1.16% 2.20% 2.69% 3.76% n/a
Borrowings Under 5 years 7.60 11.80 15.00 19.90 n/a
Under 5 years 1.16% 2.20% 2.69% 3.76% n/a
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-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 2.15 2.07 1.70 1.74 1.81

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.

 

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