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HRL Holdings

ASX:HRL
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRL
ASX
A$59M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

HRL Holdings Limited, through its subsidiaries, provides various environmental and laboratory services in Australia and New Zealand. The last earnings update was 99 days ago. More info.


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HRL Share Price and Events
7 Day Returns
9.1%
ASX:HRL
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
-31.4%
ASX:HRL
15%
AU Commercial Services
15.3%
AU Market
HRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HRL Holdings (HRL) 9.1% 9.1% 0% -31.4% 0% 15.4%
AU Commercial Services 2.2% 3.1% -1.5% 15% 15.8% 38.7%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • HRL underperformed the Commercial Services industry which returned 15% over the past year.
  • HRL underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
HRL
Industry
5yr Volatility vs Market

HRL Value

 Is HRL Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HRL Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HRL Holdings.

ASX:HRL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:HRL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 30%) (7.77%))
0.796
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.8 * 5.96%)
7.08%

Discounted Cash Flow Calculation for ASX:HRL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HRL Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:HRL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.08%)
2020 1.55 Analyst x2 1.45
2021 3.75 Analyst x2 3.27
2022 4.70 Analyst x1 3.83
2023 5.41 Est @ 15.18% 4.12
2024 6.03 Est @ 11.32% 4.28
2025 6.55 Est @ 8.62% 4.34
2026 6.99 Est @ 6.73% 4.33
2027 7.36 Est @ 5.4% 4.26
2028 7.69 Est @ 4.48% 4.16
2029 7.99 Est @ 3.83% 4.03
Present value of next 10 years cash flows A$38.00
ASX:HRL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$7.99 × (1 + 2.31%) ÷ (7.08% – 2.31%)
A$171.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$171.40 ÷ (1 + 7.08%)10
A$86.48
ASX:HRL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$38.00 + A$86.48
A$124.48
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$124.48 / 493.40
A$0.25
ASX:HRL Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.25
Current discount Discount to share price of A$0.12
= -1 x (A$0.12 - A$0.25) / A$0.25
52.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price HRL Holdings is available for.
Intrinsic value
>50%
Share price is A$0.12 vs Future cash flow value of A$0.25229
Current Discount Checks
For HRL Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • HRL Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • HRL Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HRL Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HRL Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:HRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.01
ASX:HRL Share Price ** ASX (2019-11-15) in AUD A$0.12
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.07x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of HRL Holdings.

ASX:HRL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:HRL Share Price ÷ EPS (both in AUD)

= 0.12 ÷ -0.01

-8.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HRL Holdings is loss making, we can't compare its value to the AU Commercial Services industry average.
  • HRL Holdings is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does HRL Holdings's expected growth come at a high price?
Raw Data
ASX:HRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
106.4%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for HRL Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HRL Holdings's assets?
Raw Data
ASX:HRL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.06
ASX:HRL Share Price * ASX (2019-11-15) in AUD A$0.12
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:HRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:HRL Share Price ÷ Book Value per Share (both in AUD)

= 0.12 ÷ 0.06

2.06x

* Primary Listing of HRL Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HRL Holdings is good value based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess HRL Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. HRL Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HRL Future Performance

 How is HRL Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
106.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HRL Holdings expected to grow at an attractive rate?
  • HRL Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • HRL Holdings's earnings growth is expected to exceed the Australia market average.
  • HRL Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:HRL Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:HRL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 106.4%
ASX:HRL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.3%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:HRL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:HRL Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30
2022-06-30 43 7 5 1
2021-06-30 38 6 3 2
2020-06-30 35 5 -1 2
2019-11-15
ASX:HRL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 31 -5 -7
2019-03-31 31 -1 -6
2018-12-31 30 3 -6
2018-09-30 29 4 -4
2018-06-30 27 4 -2
2018-03-31 23 3 -1
2017-12-31 19 1 0
2017-09-30 16 1 0
2017-06-30 14 0 0
2017-03-31 12 0 0
2016-12-31 10 -1 0
2016-09-30 9 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HRL Holdings's earnings are expected to grow significantly at over 20% yearly.
  • HRL Holdings's revenue is expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:HRL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from HRL Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:HRL Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 0.01 0.01 0.01 1.00
2021-06-30
2020-06-30
2019-11-15
ASX:HRL Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.01
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • HRL Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HRL Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HRL Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HRL Past Performance

  How has HRL Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HRL Holdings's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HRL Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare HRL Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare HRL Holdings's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
HRL Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from HRL Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:HRL Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 30.73 -7.13 1.77
2019-03-31 30.57 -6.35 1.82
2018-12-31 30.41 -5.57 1.88
2018-09-30 28.86 -3.54 1.78
2018-06-30 27.31 -1.50 1.69
2018-03-31 23.23 -0.76 1.53
2017-12-31 19.16 -0.02 1.37
2017-09-30 16.40 0.06 1.26
2017-06-30 13.65 0.13 1.16
2017-03-31 11.63 -0.05 1.10
2016-12-31 9.62 -0.23 1.03
2016-09-30 9.00 -0.06 0.93
2016-06-30 8.39 0.12 0.83
2016-03-31 7.62 0.18 0.84
2015-12-31 6.86 0.24 0.84
2015-09-30 5.76 -0.67 0.67
2015-06-30 4.67 -1.58 0.49
2014-12-31 3.74 -0.52 -0.04
2014-06-30 4.18 1.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if HRL Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if HRL Holdings has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if HRL Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess HRL Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HRL Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HRL Health

 How is HRL Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HRL Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HRL Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HRL Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HRL Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from HRL Holdings Company Filings, last reported 4 months ago.

ASX:HRL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 28.81 2.86 1.03
2019-03-31 28.81 2.86 1.03
2018-12-31 31.90 0.00 4.21
2018-09-30 31.90 0.00 4.21
2018-06-30 35.23 0.00 5.39
2018-03-31 35.23 0.00 5.39
2017-12-31 36.51 0.37 3.87
2017-09-30 36.51 0.37 3.87
2017-06-30 15.11 0.42 0.73
2017-03-31 15.11 0.42 0.73
2016-12-31 6.76 1.77 0.48
2016-09-30 6.76 1.77 0.48
2016-06-30 6.68 1.28 0.39
2016-03-31 6.68 1.28 0.39
2015-12-31 6.84 0.53 0.73
2015-09-30 6.84 0.53 0.73
2015-06-30 6.22 0.11 0.86
2014-12-31 2.27 0.00 1.76
2014-06-30 0.77 0.00 0.05
  • HRL Holdings's level of debt (9.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if HRL Holdings's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • HRL Holdings has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if HRL Holdings has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess HRL Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HRL Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HRL Dividends

 What is HRL Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from HRL Holdings dividends. Estimated to be 0.83% next year.
If you bought A$2,000 of HRL Holdings shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate HRL Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate HRL Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:HRL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:HRL Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.00 1.00
2022-06-30 0.00 1.00
2021-06-30 0.00 2.00
2020-06-30 0.00 2.00
2019-11-15

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as HRL Holdings has not reported any payouts.
  • Unable to verify if HRL Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of HRL Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as HRL Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of HRL Holdings's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess HRL Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HRL Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HRL Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HRL Management

 What is the CEO of HRL Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steven Dabelstein
COMPENSATION A$393,397
TENURE AS CEO 4.8 years
CEO Bio

Mr. Steven Dabelstein has been the Chief Executive Officer of HRL Holdings Limited since January 5, 2015. Mr. Dabelstein served as General Manager of Group Commercial & Mining and Maintenance Services QLD at Diversified Mining Services Limited. Mr. Dabelstein has a strong financial background in various roles prior to joining DMS with experience in public practice accounting, coal, manufacturing, service and construction industries. He served as Chief Executive Officer of Hot Rock Limited since January 5, 2015. His Previous roles have provided exposure to large scale international businesses reporting through and working with companies in US, Asia and Europe. Since joining DMS in 2010 in the Brisbane office, Mr. Dabelstein relocated to Mackay in 2011 and has progressed internally through Finance/Commercial positions and to the General Management role looking after the QLD Services operations. Mr. Dabelstein has professional qualifications including a CPA (Certified Practicing Accountant) and also holds a Bachelor of Commerce.

CEO Compensation
  • Steven's compensation has increased whilst company is loss making.
  • Steven's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the HRL Holdings management team in years:

5.2
Average Tenure
  • The average tenure for the HRL Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steven Dabelstein

TITLE
Chief Executive Officer
COMPENSATION
A$393K
TENURE
4.8 yrs

Michael Harvey

TITLE
Chief Finance Officer
COMPENSATION
A$261K
TENURE
5.2 yrs

Steve Howse

TITLE
Executive Director
COMPENSATION
A$180K

Paul Marshall

TITLE
Company Secretary
COMPENSATION
A$60K
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure of the HRL Holdings board of directors in years:

1.7
Average Tenure
  • The average tenure for the HRL Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Greg Kilmister

TITLE
Non-Executive Chairman
COMPENSATION
A$35K
AGE
63
TENURE
0.8 yrs

Steve Howse

TITLE
Executive Director
COMPENSATION
A$180K
TENURE
1.7 yrs

James Scott Todd

TITLE
Non-Executive Director
COMPENSATION
A$60K
TENURE
1.7 yrs

Darren Anderson

TITLE
Non-Executive Director
COMPENSATION
A$367K
TENURE
5.2 yrs

Tracy Dare

TITLE
Non-Executive Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by HRL Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
04. Nov 19 Buy Viburnum Funds Pty Ltd. Company 01. Aug 19 04. Nov 19 5,964,352 A$0.11 A$670,558
24. Oct 19 Buy James Scott Todd Individual 24. Oct 19 24. Oct 19 100,000 A$0.11 A$11,500
24. Oct 19 Buy Gregory Kilmister Individual 22. Oct 19 22. Oct 19 245,267 A$0.11 A$28,205
17. Oct 19 Buy Gregory Kilmister Individual 17. Oct 19 17. Oct 19 604,733 A$0.12 A$69,544
31. Jul 19 Buy Viburnum Funds Pty Ltd. Company 12. Apr 19 31. Jul 19 5,467,815 A$0.11 A$604,279
08. Apr 19 Buy Viburnum Funds Pty Ltd. Company 10. Sep 18 05. Apr 19 8,561,473 A$0.16 A$862,783
07. Dec 18 Buy James Scott Todd Individual 07. Dec 18 07. Dec 18 400,000 A$0.12 A$47,964
05. Dec 18 Buy Darren Anderson Individual 05. Dec 18 05. Dec 18 160,000 A$0.12 A$20,000
05. Dec 18 Sell John Taylor Individual 05. Dec 18 05. Dec 18 -40,000 A$0.12 A$-4,800
05. Dec 18 Buy John Taylor Individual 05. Dec 18 05. Dec 18 40,000 A$0.12 A$4,800
05. Dec 18 Buy John Taylor Individual 04. Dec 18 04. Dec 18 180,000 A$0.12 A$21,600
X
Management checks
We assess HRL Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HRL Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HRL News

Simply Wall St News

Do Insiders Own Lots Of Shares In HRL Holdings Limited (ASX:HRL)?

General Public Ownership The general public, with a 45% stake in the company, will not easily be ignored. … Private Equity Ownership With a stake of 22%, private equity firms could influence the HRL board. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Simply Wall St -

Is HRL Holdings (ASX:HRL) Weighed On By Its Debt Load?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. … ASX:HRL Historical Debt, August 2nd 2019 A Look At HRL Holdings's Liabilities Zooming in on the latest balance sheet data, we can see that HRL Holdings had liabilities of AU$8.87m due within 12 months and liabilities of AU$1.93m due beyond that. … While it does have liabilities worth noting, HRL Holdings also has more cash than debt, so we're pretty confident it can manage its debt safely.

Simply Wall St -

Is HRL Holdings Limited's (ASX:HRL) CEO Paid Enough Relative To Peers?

Check out our latest analysis for HRL Holdings How Does Steven Dabelstein's Compensation Compare With Similar Sized Companies? … Our data indicates that HRL Holdings Limited is worth AU$57m, and total annual CEO compensation is AU$282k. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at HRL Holdings.

Simply Wall St -

Those Who Purchased HRL Holdings (ASX:HRL) Shares A Year Ago Have A 42% Loss To Show For It

Because HRL Holdings is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.

Simply Wall St -

Do Institutions Own HRL Holdings Limited (ASX:HRL) Shares?

A look at the shareholders of HRL Holdings Limited (ASX:HRL) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Our Take On HRL Holdings Limited's (ASX:HRL) CEO Salary

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steven Dabelstein's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that HRL Holdings Limited has a market cap of AU$47m, and is paying total annual CEO compensation of AU$282k.

Simply Wall St -

Calculating The Intrinsic Value Of HRL Holdings Limited (ASX:HRL)

by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Do Insiders Own Lots Of Shares In HRL Holdings Limited (ASX:HRL)?

The big shareholder groups in HRL Holdings Limited (ASX:HRL) have power over the company. … Taking a look at the our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about HRL

Simply Wall St -

Should You Worry About HRL Holdings Limited's (ASX:HRL) CEO Pay Cheque?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Steven Dabelstein's Compensation Compare With Similar Sized Companies. … According to our data, HRL Holdings Limited has a market capitalization of AU$84m, and pays its CEO total annual compensation worth AU$282k.

Simply Wall St -

Who Are The Top Investors In HRL Holdings Limited (ASX:HRL)?

In this article, I'm going to take a look at HRL Holdings Limited’s (ASX:HRL) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … Therefore, it is beneficial for us to examine HRL's ownership structure in more detail.

Simply Wall St -

HRL Company Info

Description

HRL Holdings Limited, through its subsidiaries, provides various environmental and laboratory services in Australia and New Zealand. It offers asbestos and hazardous materials management; property contamination testing and work place drug testing; environmental testing; and on-site testing and monitoring services, as well as environmental and property management software solutions. The company also provides food and environmental laboratory services, which include honey, milk, and dairy laboratory testing; food origin testing; drugs of abuse laboratory testing; asbestos laboratory analysis; environmental laboratory testing; and other laboratory research and development services. In addition, it offers geotechnical investigation and study; temporary works design and inspection; construction phase verification; earthworks supervision; soil, concrete, and aggregate testing; and onsite mobile laboratory testing services. Further, the company provides information management software solutions for asbestos and hazardous materials; field management software solutions; and customized compliance solutions and applications relating to workplace health and safety. It serves customers in the food, environmental, occupational hygiene, and construction industries. The company is headquartered in Brisbane, Australia.

Details
Name: HRL Holdings Limited
HRL
Exchange: ASX
Founded:
A$59,208,315
493,402,627
Website: http://www.hrlholdings.com
Address: HRL Holdings Limited
Level 12,
1 Eagle Street,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX HRL Ordinary Shares Australian Securities Exchange AU AUD 16. Sep 2014
CHIA HRL Ordinary Shares Chi-X Australia AU AUD 16. Sep 2014
Number of employees
Current staff
Staff numbers
0
HRL Holdings employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:34
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/17
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.