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Heartland Group Holdings Ltd.
(Frankfurt:HGH)
Select Model
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Rating:61Neutral
Price Target:
$1.50
Action:N/A
Date:10/05/26
The score is driven mainly by mixed financial performance: strong revenue momentum and materially improved leverage are offset by persistently negative and volatile operating/free cash flow. Technicals add modest support with a slightly positive trend but mostly neutral momentum. Valuation is a relative positive due to the combination of a moderate P/E and a high dividend yield.
Positive Factors
Strong FY2026 earnings recovery and lending growth
The sharp FY2026 profit rebound, supported by growth across reverse mortgage and rural lending, indicates improving earnings momentum and customer demand. If portfolio expansion and stronger asset quality persist, Heartland can build a broader recurring earnings base over the next several quarters.
Negative Factors
Persistently negative and volatile cash conversion
Negative operating and free cash flow in most reported years, including 2026, shows that accounting earnings are not consistently converting into cash. This volatility can complicate liquidity planning, restrict internally funded growth, and leave the bank more reliant on funding markets or balance-sheet actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong FY2026 earnings recovery and lending growth
The sharp FY2026 profit rebound, supported by growth across reverse mortgage and rural lending, indicates improving earnings momentum and customer demand. If portfolio expansion and stronger asset quality persist, Heartland can build a broader recurring earnings base over the next several quarters.
Read all positive factors
Heartland Group Holdings Ltd. (HGH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.17B
Dividend Yield6.67%
Average Volume (3M)533.65K
Price to Earnings (P/E)12.5
Beta (1Y)1.05
Revenue Growth-4.94%
EPS Growth139.47%
CountryNZ
Employees612
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.10
Shares Outstanding945,207,000
10 Day Avg. Volume512,108
30 Day Avg. Volume533,655
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.86
Price to Sales (P/S)1.71
P/FCF Ratio-8.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)$419.28M
Heartland Group Holdings Ltd. Business Overview & Revenue Model
Company Description
Heartland Group Holdings Limited serves as the parent entity for Heartland Bank Limited, delivering a diverse range of financial products and services across both New Zealand and Australia. The company offers various deposit accounts, including sa...
How the Company Makes Money
HGH primarily makes money through net interest income generated by financial intermediation: it funds itself largely via customer deposits and other wholesale funding, then lends those funds out across its lending portfolios at higher interest rat...
Heartland Group Holdings Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 674.41M | 250.75M | 243.93M | 262.07M | 253.79M |
| Gross Profit | 314.14M | 250.75M | 243.93M | 258.89M | 250.53M |
| EBITDA | 152.06M | 59.34M | 119.02M | 147.58M | 150.84M |
| Net Income | 93.23M | 38.81M | 74.55M | 95.87M | 95.13M |
Balance Sheet | |||||
| Total Assets | 9.38B | 8.65B | 9.29B | 7.74B | 7.09B |
| Cash, Cash Equivalents and Short-Term Investments | 385.27M | 1.14B | 1.01B | 294.63M | 290.56M |
| Total Debt | 804.79M | 825.45M | 2.06B | 2.51B | 2.59B |
| Total Liabilities | 8.04B | 7.43B | 8.05B | 6.71B | 6.28B |
| Stockholders Equity | 1.34B | 1.22B | 1.24B | 1.03B | 808.71M |
Cash Flow | |||||
| Free Cash Flow | -138.66M | 73.80M | -115.19M | -508.92M | -679.61M |
| Operating Cash Flow | -135.15M | 77.51M | -87.10M | -484.25M | -669.80M |
| Investing Cash Flow | -19.80M | 304.93M | -119.05M | -78.23M | -94.20M |
| Financing Cash Flow | 173.52M | -658.70M | 756.61M | 564.63M | 892.42M |
Heartland Group Holdings Ltd. Technical Analysis
Neutral
―
Price Trends
1.23
Positive
1.19
Positive
1.16
Positive
Market Momentum
<0.01
Positive
45.62
Neutral
37.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:HGH, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 1.25, equal to the 50-day MA of 1.23, and equal to the 200-day MA of 1.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.62 is Neutral, neither overbought nor oversold. The STOCH value of 37.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NZ:HGH.
Heartland Group Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
NZ:HGH
Heartland Group Holdings Ltd.
1.22
0.21
20.55%
NZ:TWR
Tower Limited
2.04
0.50
32.73%
NZ:GEN
General Capital Ltd.
0.24
-0.02
-6.98%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.