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Hargreaves Services (HSP) AI Stock Analysis
Hargreaves Services
(LSE:HSP)
The score is driven primarily by strong financial performance and positive earnings-call momentum, reinforced by favorable technical trends and an attractive valuation. Uneven cash-flow trends, one-off profit contributions, and project-execution risks limit further upside.
Hargreaves Services (HSP) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 267.74M
- Dividend Yield
- 4.59%
- Average Volume (3M)
- 80.67K
- Price to Earnings (P/E)
- 9.0
- Beta (1Y)
- 0.68
- Revenue Growth
- 32.88%
- EPS Growth
- 108.13%
- Country
- UK
- Employees
- 1,390
- Sector
- Industrials
- Sector Strength
- ―
- Industry
- Specialty Business Services
Hargreaves Services Business Overview & Revenue Model
Company Description
Hargreaves Services Plc provides environmental and industrial services in the United Kingdom, Europe, Hong Kong, and internationally. It operates through Services, Hargreaves Land, and Hargreaves Raw Materials Services segments. The company offers en...
How the Company Makes Money
HSP generates earnings by operating businesses that provide services and/or manage assets across its operating segments. In general, this type of group makes money through (i) service and contract revenue from delivering operational services (e.g., l...
Hargreaves Services Earnings Call Summary
The call presents a strongly positive operational and financial performance: double-digit revenue growth (30%), very strong EPS growth (75%), improved margins (~6%), a debt-free balance sheet, and substantial shareholder returns. Several strategic achievements were highlighted (asset realizations, German JV improvement, progress on zinc recycling project). Key risks noted are the reliance on some one-off gains supporting profit, minor permitting delays for the zinc plant, and execution/transition risk as the land business shifts to a capital-light model. Overall the positives (broad-based growth, cash generation, balance sheet strength, and promising project funding) materially outweigh the limited challenges.
Q4-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management’s guidance focused on near‑term project timing, funding and a capital‑light shift for land: the zinc recycling plant is due to start construction in Q4 with commissioning targeted in late 2027, funded by a EUR 2.0m (~GBP1.5m) government grant, a EUR 12.4m (~GBP11m) state‑backed loan (no recourse) and reducing group equity exposure to about GBP6m; further renewable land tranches will be divested over the next 2–5 years as the land business moves to a capital‑light model. They said the group is debt‑free with GBP21.6m cash at year‑end, strong cash generation (EBITDA >GBP36m; services free cash flow >GBP15m), and the ability to pursue opportunities after returning GBP32.6m to shareholders (including a GBP20m tender offer and >GBP15m upfront from land sales); this momentum underpinned FY results of revenue +30% YoY, PBT +>GBP40m, EPS +75%, a full‑year dividend of GBP0.40 (final GBP0.205, +8% YoY), services margin just over 6%, and Germany performance (+54% post‑tax profits, volumes +12%, trading margin just under 6%).
Hargreaves Services Financial Statement Overview
Summary
Strong revenue and earnings growth, a conservative balance sheet, and positive cash generation support the score. Cash-flow growth has been uneven and leverage has risen modestly.
Income Statement
77PositiveBalance Sheet
84Very PositiveCash Flow
73Positive| Breakdown | TTM | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 351.39M | 351.39M | 264.44M | 211.15M | 211.46M | 177.91M |
| Gross Profit | 63.89M | 63.89M | 54.85M | 43.38M | 39.06M | 29.45M |
| EBITDA | 43.39M | 36.43M | 40.16M | 35.77M | 27.97M | 39.86M |
| Net Income | 30.70M | 30.70M | 14.75M | 12.28M | 27.91M | 34.72M |
Balance Sheet | ||||||
| Total Assets | 343.56M | 343.56M | 316.10M | 298.89M | 305.83M | 265.46M |
| Cash, Cash Equivalents and Short-Term Investments | 21.64M | 21.64M | 23.30M | 22.70M | 21.86M | 13.77M |
| Total Debt | 40.42M | 40.42M | 32.78M | 34.15M | 40.44M | 18.80M |
| Total Liabilities | 148.13M | 148.13M | 121.90M | 106.80M | 104.84M | 85.61M |
| Stockholders Equity | 196.47M | 196.47M | 194.48M | 192.37M | 201.20M | 180.07M |
Cash Flow | ||||||
| Free Cash Flow | 33.15M | 33.15M | 25.81M | 28.14M | 27.98M | -6.25M |
| Operating Cash Flow | 38.20M | 38.20M | 29.30M | 30.39M | 31.51M | -4.61M |
| Investing Cash Flow | 13.60M | 13.60M | 5.19M | 7.54M | -3.85M | 1.57M |
| Financing Cash Flow | -53.78M | -53.78M | -33.67M | -29.21M | -19.42M | -11.77M |
Hargreaves Services Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HSP, the sentiment is Positive. The current price of 875.05 is above the 20-day moving average (MA) of 852.30, above the 50-day MA of 837.66, and above the 200-day MA of 779.39, indicating a bullish trend. The MACD of 10.37 indicates Negative momentum. The RSI at 64.01 is Neutral, neither overbought nor oversold. The STOCH value of 50.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HSP.
Hargreaves Services Peers Comparison
Overall Rating
- GB:HSP82Outperform
GB:ASY71Outperform
GB:HERC53Neutral
GB:PRO47Neutral
GB:SDY38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:HSP | 82Outperform | GBP 267.74M | 8.99 | 15.42% | 4.59% | 32.88% | 108.13% |
| GB:ASY | 71Outperform | GBP 213.48M | 11.86 | 33.18% | 5.08% | 5.19% | 4.98% |
| GB:HERC | 53Neutral | GBP 28.61M | -42.77 | -5.56% | ― | 16.81% | -146.63% |
| GB:PRO | 47Neutral | GBP 34.19M | -2.24 | -46.53% | ― | ― | ― |
| GB:SDY | 38Underperform | GBP 63.33M | -2.39 | -19.68% | 7.27% | -0.12% | -2304.17% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:HSP | Hargreaves Services | 872.00 | 248.03 | 39.75% | |
| GB:ASY | Andrews Sykes | 510.00 | 33.96 | 7.13% | |
| GB:PRO | ProService Building Services Marketplace plc | 4.25 | -5.15 | -54.79% | |
| GB:SDY | Speedy Hire | 13.76 | -12.06 | -46.71% | |
| GB:HERC | Hercules Site Services Plc | 35.50 | -1.70 | -4.57% |
Hargreaves Services Corporate Events
Hargreaves Wins 15-Year Logistics Deal for UK Deposit Return Scheme
PositiveHargreaves Services plc has secured a 15-year logistics contract with Australian recycler Re.Group to support the UK Deposit Return Scheme in Scotland, marking a significant expansion of its environmental services capabilities. The agreement covers c...
Hargreaves Services Wins Sizewell C Engineering Contract, Bolstering UK Infrastructure Role
PositiveHargreaves Services has secured a significant engineering contract from Sizewell C Limited to design, procure, manufacture, install, test and commission three foul water treatment facilities for the Sizewell C nuclear power project. The work, schedul...
Hargreaves named preferred bidder for UK Deposit Return Scheme logistics
PositiveHargreaves Services has been named preferred bidder for a long-term logistics contract with Australian recycling specialist Re.Group to support the UK Deposit Return Scheme in Scotland. Under the arrangement, Hargreaves would manage collection, trans...
Hargreaves posts 2026 annual report and sets AGM as services-led strategy advances
PositiveHargreaves Services has circulated its 2026 Annual Report and Accounts to shareholders and made the documents available on its website, as part of its regular corporate reporting cycle to investors. The company also confirmed that its Annual General...
Hargreaves Services Moves Registered Office to Newcastle Hub
PositiveHargreaves Services plc, a diversified provider of environmental, clean energy and connectivity services, has shifted its registered office from Durham to a new headquarters at Wellbar Central in central Newcastle upon Tyne. The move reflects the com...
Hargreaves Director Nicholas Mills Trims Stake but Retains Quarter of Share Capital
NeutralHargreaves Services plc has disclosed that investment vehicles linked to director Nicholas Mills sold 110,000 ordinary shares at 820p each on 18 August 2026. Following the disposal, Mills and his connected entities retain an interest in 7,850,000 ord...
Insider Dealings Reshape Hargreaves Services’ Boardroom Stakes
NeutralHargreaves Services reported significant insider share transactions involving two senior figures, reshaping its internal ownership landscape while leaving overall free float unchanged. The group, which supports sectors from clean energy and environme...
Hargreaves Services Discloses Share Pledge by Entity Linked to Gordon Banham
NeutralHargreaves Services has disclosed that GB Holdings (2021) Limited, an entity associated with senior figure Gordon Banham, has pledged 2,600,761 ordinary shares in the company as security for a loan facility with LGT Bank AG. Despite the pledge, GB Ho...
Hargreaves Services installs new CEO as founder shifts to JV role
PositiveHargreaves Services has implemented a planned leadership transition, with Chief Operating Officer Simon Hicks succeeding long-serving chief executive Gordon Banham as CEO from 31 July 2026. The change follows Hicks’ integration into the busines...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 24, 2026