Hallenstein Glasson Holdings Limited (HLG) AI Stock Analysis

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Hallenstein Glasson Holdings Limited

(NZX:HLG)

Select Model

Rating:76Outperform

Price Target:NZD 17.00▲(15.10% Upside)

Action:initiatedcoverage

Date:10/05/26

The score is driven primarily by strong financial performance—accelerating growth, expanding margins, and solid cash generation—tempered by moderate leverage and historically volatile margins. Technicals are bullish but appear overextended (very high RSI/Stoch), and valuation is reasonable with a supportive dividend yield.

Positive Factors

Accelerating revenue and earnings growthAccelerating revenue alongside stronger net profitability indicates improving demand and operating execution rather than growth purchased through margin sacrifice. If sustained, this combination can expand earnings capacity, support reinvestment, and strengthen the company’s position across its Australasian retail footprint.

Negative Factors

Moderate balance-sheet leverageModerate leverage increases financial sensitivity when apparel demand or profitability deteriorates, because debt obligations reduce the cushion available to absorb weaker trading. Although the balance sheet is described as serviceable, leverage may constrain flexibility for expansion, dividends, or investment during a downturn.

Hallenstein Glasson Holdings Limited (HLG) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 881.02M
Dividend Yield: 4.35%
Average Volume (3M): 26.64K
Price to Earnings (P/E): 14.9
Beta (1Y): 0.80
Revenue Growth: 19.60%
EPS Growth: 49.91%
Country: NZ
Employees: 31
Sector: General
Sector Strength: 55
Industry: Apparel - Retail

Hallenstein Glasson Holdings Limited Business Overview & Revenue Model

Company Description

Hallenstein Glasson Holdings Limited, alongside its subsidiaries, specializes in the retail sale of apparel for men and women throughout New Zealand and Australia. The enterprise manages 115 brick-and-mortar locations, operating under the well-known...

How the Company Makes Money

HLG makes money primarily by selling apparel and related products directly to consumers through two main channels: (1) physical retail stores and (2) online stores (e-commerce). Revenue is generated at the point of sale from owned-brand/controlled me...

Hallenstein Glasson Holdings Limited Financial Statement Overview

Summary

Strong and improving fundamentals: revenue growth accelerated (~11.3% in FY2026) with notable margin expansion (gross margin ~61.7%, EBIT margin ~15.5%, net margin ~10.5%). Cash generation is solid with rising operating cash flow and free cash flow, and OCF covers earnings (~1.38x). Offsetting factors are cyclical margin volatility and a moderately levered balance sheet (debt-to-equity ~0.78), which reduces cushion in weaker retail conditions.

Income Statement

84Very Positive

Balance Sheet

71Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Jul 2026	Jul 2025	Jul 2024	Jul 2023	Jul 2022
Income Statement
Total Revenue	563.02M	563.02M	470.74M	435.63M	409.71M	351.21M
Gross Profit	347.61M	347.61M	279.26M	258.73M	234.85M	202.26M
EBITDA	131.71M	131.71M	101.42M	92.71M	47.55M	36.62M
Net Income	59.16M	59.16M	39.46M	34.49M	31.98M	25.61M
Balance Sheet
Total Assets	312.67M	312.67M	231.22M	219.01M	202.57M	205.19M
Cash, Cash Equivalents and Short-Term Investments	88.20M	88.20M	58.33M	45.91M	32.48M	35.11M
Total Debt	110.61M	110.61M	76.64M	79.18M	76.33M	77.41M
Total Liabilities	171.10M	171.10M	119.32M	115.81M	106.25M	114.74M
Stockholders Equity	141.58M	141.58M	111.89M	103.21M	96.32M	90.45M
Cash Flow
Free Cash Flow	92.89M	92.89M	72.78M	69.37M	53.21M	44.21M
Operating Cash Flow	122.24M	122.24M	88.61M	85.31M	68.02M	52.49M
Investing Cash Flow	-39.03M	-39.03M	-15.63M	-15.52M	-14.33M	-8.17M
Financing Cash Flow	-66.11M	-66.11M	-60.56M	-56.36M	-56.33M	-48.41M

Hallenstein Glasson Holdings Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price14.77

Price Trends

50DMA13.31Positive

100DMA11.83Positive

200DMA10.78Positive

Market Momentum

MACD0.34Positive

RSI58.55Neutral

STOCH47.37Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:HLG, the sentiment is Positive. The current price of 14.77 is below the 20-day moving average (MA) of 14.78, above the 50-day MA of 13.31, and above the 200-day MA of 10.78, indicating a neutral trend. The MACD of 0.34 indicates Positive momentum. The RSI at 58.55 is Neutral, neither overbought nor oversold. The STOCH value of 47.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NZ:HLG.

Hallenstein Glasson Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NZ:HLG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:HLG	76Outperform	NZD 881.02M	14.92	―	4.35%	19.60%	49.91%
NZ:FWL	63Neutral	NZD 38.78M	13.20	―	3.28%	-3.85%	―
NZ:CMO	62Neutral	NZD 234.75M	12.60	―	6.55%	6.89%	4.68%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
NZ:TGG	52Neutral	NZD 269.60M	21.21	―	―	-17.18%	196.29%
NZ:BRW	50Neutral	NZD 44.91M	-3.98	―	―	20.79%	-160.65%

* General Sector Average

Performance Comparison

NZ:HLG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:HLG	Hallenstein Glasson Holdings Limited	14.77	5.42	57.98%
NZ:BRW	Bremworth Limited	0.65	-0.25	-27.78%
NZ:CMO	Colonial Motor Co Ltd	7.18	-0.58	-7.41%
NZ:FWL	Foley Wines Ltd.	0.59	0.01	1.72%
NZ:TGG	T&G Global Limited	2.20	-0.16	-6.78%

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.

Date of analysis: Oct 05, 2026

Hallenstein Glasson Holdings Limited AI Stock Analysis

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