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H&R Block

DB:HRB
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HRB
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation, do-it-yourself (DIY) tax, and virtual tax preparation services and products to the general public primarily in the United States, Canada, and Australia. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • H&R Block has significant price volatility in the past 3 months.
HRB Share Price and Events
7 Day Returns
-0.8%
DB:HRB
2.2%
Europe Consumer Services
2.1%
DE Market
1 Year Returns
-42.5%
DB:HRB
2.4%
Europe Consumer Services
-16.6%
DE Market
HRB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
H&R Block (HRB) -0.8% -27.8% -39.5% -42.5% -42.8% -57.8%
Europe Consumer Services 2.2% -7.2% -6.5% 2.4% -15.6% -55.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • HRB underperformed the Consumer Services industry which returned 2.4% over the past year.
  • HRB underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
HRB
Industry
5yr Volatility vs Market
Related Companies

HRB Value

 Is H&R Block 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 H&R Block 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 H&R Block.

DB:HRB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:HRB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.644 (1 + (1- 21%) (114.36%))
1.151
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.151 * 5.44%)
5.87%

Discounted Cash Flow Calculation for DB:HRB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for H&R Block 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.

DB:HRB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.87%)
2020 -537.50 Analyst x2 -507.69
2021 1,152.55 Analyst x2 1,028.24
2022 753.70 Analyst x2 635.12
2023 549.58 Est @ -27.08% 437.43
2024 444.75 Est @ -19.07% 334.35
2025 384.85 Est @ -13.47% 273.27
2026 348.11 Est @ -9.55% 233.48
2027 324.44 Est @ -6.8% 205.53
2028 308.62 Est @ -4.88% 184.67
2029 297.73 Est @ -3.53% 168.27
Present value of next 10 years cash flows $2,992.00
DB:HRB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $297.73 × (1 + -0.39%) ÷ (5.87% – -0.39%)
$4,735.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,735.81 ÷ (1 + 5.87%)10
$2,676.54
DB:HRB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,992.00 + $2,676.54
$5,668.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,668.54 / 192.48
$29.45
DB:HRB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HRB represents 0.92972x of NYSE:HRB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92972x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 29.45 x 0.92972
€27.38
Value per share (EUR) From above. €27.38
Current discount Discount to share price of €12.70
= -1 x (€12.70 - €27.38) / €27.38
53.6%

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

Current Discount
Amount off the current price H&R Block is available for.
Intrinsic value
>50%
Share price is €12.7 vs Future cash flow value of €27.38
Current Discount Checks
For H&R Block to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • H&R Block's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • H&R Block'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 H&R Block's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are H&R Block's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HRB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in USD $2.14
NYSE:HRB Share Price ** NYSE (2020-04-07) in USD $13.66
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 15.21x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of H&R Block.

DB:HRB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HRB Share Price ÷ EPS (both in USD)

= 13.66 ÷ 2.14

6.38x

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

  • H&R Block is good value based on earnings compared to the Europe Consumer Services industry average.
  • H&R Block is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does H&R Block's expected growth come at a high price?
Raw Data
DB:HRB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
33.3%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.33x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:HRB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.38x ÷ 33.3%

0.19x

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

  • H&R Block is good value based on expected growth next year.
Price based on value of assets
What value do investors place on H&R Block's assets?
Raw Data
DB:HRB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in USD $-1.65
NYSE:HRB Share Price * NYSE (2020-04-07) in USD $13.66
Europe Consumer Services Industry PB Ratio Median Figure of 22 Publicly-Listed Consumer Services Companies 2.18x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:HRB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HRB Share Price ÷ Book Value per Share (both in USD)

= 13.66 ÷ -1.65

-8.26x

* Primary Listing of H&R Block.

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

  • H&R Block has negative assets, we can't compare the value of its assets to the Europe Consumer Services industry average.
X
Value checks
We assess H&R Block'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 Consumer 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. H&R Block has a total score of 5/6, 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.

HRB Future Performance

 How is H&R Block expected to perform in the next 1 to 3 years based on estimates from 6 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
33.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is H&R Block expected to grow at an attractive rate?
  • H&R Block's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • H&R Block's earnings growth is expected to exceed the Germany market average.
  • H&R Block's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HRB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HRB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 33.3%
DB:HRB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.8%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:HRB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HRB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-04-30 3,173 605 419 4
2021-04-30 3,449 744 553 6
2020-04-30 2,758 82 192 6
2020-04-07
DB:HRB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2020-01-31 3,163 486 426
2019-10-31 3,112 541 435
2019-07-31 3,100 498 447
2019-04-30 3,095 607 444
2019-01-31 3,155 860 705
2018-10-31 3,175 871 582
2018-07-31 3,167 884 604
2018-04-30 3,160 850 625
2018-01-31 3,095 604 266
2017-10-31 3,058 624 408
2017-07-31 3,049 601 413
2017-04-30 3,036 552 420

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • H&R Block's earnings are expected to grow significantly at over 20% yearly.
  • H&R Block's revenue is expected to grow by 6.8% 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
DB:HRB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from H&R Block Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HRB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-04-30 2.16 2.16 2.16 1.00
2021-04-30 2.70 3.07 2.32 2.00
2020-04-30 1.14 2.09 0.19 2.00
2020-04-07
DB:HRB Past Financials Data
Date (Data in USD Millions) EPS *
2020-01-31 2.14
2019-10-31 2.15
2019-07-31 2.19
2019-04-30 2.16
2019-01-31 3.41
2018-10-31 2.80
2018-07-31 2.90
2018-04-30 2.99
2018-01-31 1.28
2017-10-31 1.96
2017-07-31 1.97
2017-04-30 1.97

*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.
  • H&R Block is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess H&R Block'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
H&R Block has a total score of 5/6, 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.

HRB Past Performance

  How has H&R Block 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 H&R Block's growth in the last year to its industry (Consumer 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.
  • H&R Block's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • H&R Block's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • H&R Block's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Services industry average.
Earnings and Revenue History
H&R Block'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 H&R Block Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HRB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 3,162.81 426.40 793.41
2019-10-31 3,111.99 434.66 769.58
2019-07-31 3,100.06 447.28 732.56
2019-04-30 3,094.88 444.22 722.17
2019-01-31 3,155.29 705.01 691.48
2018-10-31 3,175.33 581.85 675.12
2018-07-31 3,167.31 604.46 678.64
2018-04-30 3,159.93 625.42 668.15
2018-01-31 3,095.00 266.42 701.76
2017-10-31 3,058.45 408.17 705.23
2017-07-31 3,048.93 413.08 686.19
2017-04-30 3,036.31 419.91 675.95
2017-01-31 3,005.88 334.76 624.70
2016-10-31 3,028.54 357.35 637.50
2016-07-31 3,025.62 358.29 661.54
2016-04-30 3,038.15 382.84 719.41
2016-01-31 3,042.05 425.66 647.05
2015-10-31 3,076.58 469.01 637.12
2015-07-31 3,082.79 498.30 602.14
2015-04-30 3,078.66 485.97 605.56
2015-01-31 3,340.28 671.00 612.13
2014-10-31 3,030.97 493.58 604.60
2014-07-31 3,030.69 503.80 607.24
2014-04-30 3,024.30 499.41 611.08
2014-01-31 2,661.52 259.30 584.36
2013-10-31 2,933.73 455.16 603.45
2013-07-31 2,936.65 457.01 604.26
2013-04-30 2,905.94 464.62 587.29

*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 H&R Block has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • H&R Block used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • H&R Block's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess H&R Block'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 Consumer 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.
H&R Block has a total score of 2/6, 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.

HRB Health

 How is H&R Block'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 H&R Block's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • H&R Block's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • H&R Block's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of H&R Block'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.
  • Low level of unsold assets.
  • H&R Block has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 H&R Block Company Filings, last reported 2 months ago.

DB:HRB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 -318.38 2,529.61 192.34
2019-10-31 -75.75 1,628.95 245.31
2019-07-31 290.80 1,493.29 607.67
2019-04-30 541.53 1,513.53 1,572.15
2019-01-31 -213.59 1,876.99 203.23
2018-10-31 -31.33 1,491.33 600.80
2018-07-31 192.01 1,490.67 979.12
2018-04-30 393.71 1,517.21 1,544.94
2018-01-31 -698.07 2,279.37 187.37
2017-10-31 -412.77 1,488.71 181.00
2017-07-31 -214.33 1,488.05 551.57
2017-04-30 -60.88 1,516.99 1,011.33
2017-01-31 -800.82 2,586.74 221.17
2016-10-31 -557.47 1,961.09 232.51
2016-07-31 -199.81 1,491.79 307.99
2016-04-30 23.10 1,527.87 896.80
2016-01-31 -536.73 2,620.11 190.66
2015-10-31 -27.24 1,494.91 362.80
2015-07-31 1,669.43 505.20 1,705.74
2015-04-30 1,832.95 539.30 2,446.82
2015-01-31 1,146.39 1,097.73 1,688.98
2014-10-31 1,238.68 506.36 1,008.67
2014-07-31 1,397.20 906.42 1,833.26
2014-04-30 1,556.55 944.77 2,608.80
2014-01-31 686.76 1,101.51 437.40
2013-10-31 954.98 506.08 790.77
2013-07-31 1,105.32 905.90 1,163.88
2013-04-30 1,263.55 906.68 1,747.58
  • H&R Block has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if H&R Block's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (19.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess H&R Block'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. H&R Block has a total score of 1/6, 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.

HRB Dividends

 What is H&R Block'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
7.61%
Current annual income from H&R Block dividends. Estimated to be 7.71% next year.
If you bought €2,000 of H&R Block shares you are expected to receive €152 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?
  • H&R Block's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • H&R Block's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
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
DB:HRB 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 6 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:HRB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-04-30 1.08 3.00
2021-04-30 1.06 4.00
2020-04-30 1.03 4.00
2020-04-07
DB:HRB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-09 1.040 7.064
2020-03-05 1.040 5.138
2019-08-22 1.040 4.382
2019-06-14 1.040 3.721
2019-06-11 1.040 3.683
2019-03-06 1.000 3.872
2018-11-01 1.000 3.885
2018-08-23 1.000 3.850
2018-06-15 1.000 4.073
2018-06-12 1.000 3.982
2018-02-28 0.960 3.562
2017-11-03 0.960 3.656
2017-08-21 0.960 3.649
2017-06-16 0.960 3.132
2017-06-13 0.960 3.315
2017-03-01 0.880 3.621
2016-11-10 0.880 3.929
2016-08-25 0.880 3.883
2016-06-17 0.880 3.724
2016-06-09 0.880 3.768
2016-03-03 0.800 3.447
2015-11-05 0.800 2.343
2015-08-20 0.800 2.256
2015-05-07 0.800 2.503
2015-03-04 0.800 2.511
2014-11-06 0.800 2.381
2014-08-22 0.800 2.547
2014-05-08 0.800 2.535
2014-03-05 0.800 2.751
2013-11-12 0.800 2.730
2013-08-22 0.800 2.866
2013-05-30 0.800 2.697
2013-03-06 0.800 2.837
2012-11-12 0.800 3.923
2012-08-23 0.800 4.667
2012-05-10 0.800 5.092
2012-03-01 0.800 4.945
2011-12-08 0.800 4.913
2011-08-15 0.600 4.156
2011-05-25 0.600 3.924
2011-02-22 0.600 3.667
2010-11-30 0.600 4.647
2010-07-29 0.600 4.659
2010-05-05 0.600 3.811
2010-02-22 0.600 3.392
2009-11-30 0.600 2.813
2009-07-28 0.600 3.289
2009-05-07 0.600 3.843

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of H&R Block's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess H&R Block's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 H&R Block afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. H&R Block has a total score of 6/6, see the detailed checks below.


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

HRB Management

 What is the CEO of H&R Block'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
Jeff Jones
COMPENSATION $8,504,020
AGE 51
TENURE AS CEO 2.5 years
CEO Bio

Mr. Jeffrey J. Jones, II, also known as Jeff, has been the Chief Executive Officer and President at H&R Block, Inc. since October 9, 2017 and has been its Director since 2017. Mr. Jones is Director of Advance Auto Parts, Inc. since February 11, 2019. He was President and Chief Executive Officer-Designate at H&R Block, Inc. from August 2017 to October 2017. Mr. Jones served as the President of Ridesharing at Uber Technologies, Inc. from October 2016 to March 2017. He took care of the growing ride-services. He served as the Chief Marketing Officer and Executive Vice President of Target Corporation from April 2, 2012 to September 9, 2016. Prior to his time at Target Corporation, Mr. Jones was Partner and President of McKinney Ventures LLC from March 2006 to March 2012. He was a Partner of McKinney & Silver LLC and also served as its President until April 2012. He served as the Chief Marketing Officer of J. S. Mckinney, Inc. He served as an Executive Vice President of Marketing at The Gap, Inc. since April 1, 2004 and served as its Chief Marketing Officer. He managed Gap, Inc.'s gift card subsidiary, Direct Consumer Services, LLC serving as President of the division. He oversaw all aspects of Marketing and Brand Communications for The Gap Inc., GapKids, babyGap and GapBody. He served at marchFIRST, Inc., Coca-Cola Company and Leo Burnett Worldwide. He served as President and Chief Executive Officer of LB Works. He has worked to shape the strategic direction and communications for some of the world's most premier brand organizations, including Procter & Gamble, Miller Brewing Company and General Motors. He has an extensive experience in leading global marketing strategy and operations across a variety of industries including consumer products and retail. Mr. Jones serves as an Advisor to The Mayo Clinic and Brit Media, Inc. (d/b/a Brit+Co). Over the years, he has been a member of Young President Organization (YPO); advised early-stage technology companies such as Zoove and Curiour Sense; and served various non-profit and industry organizations such as Chicago Children’s Advocacy Center, Durham Academy, The Nasher Museum of Art at Duke University, Coach K Center on Leadership and Ethics at Fuqua Business School and the Association of National Advertisers. Mr. Jones speaks reqularly on business transformation, creating modern organizations, ethics and leadership and crisis management. He serves as a Member of Retail Advisory Board at Point Inside, Inc. Mr. Jones holds a Bachelor of Arts degree in Communications from the University of Dayton.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the H&R Block management team in years:

3.8
Average Tenure
48.5
Average Age
  • The tenure for the H&R Block management team is about average.
Management Team

Jeff Jones

TITLE
President
COMPENSATION
$9M
AGE
51
TENURE
2.5 yrs

Tony Bowen

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
44
TENURE
3.9 yrs

Kellie Logerwell

TITLE
Chief Accounting Officer
COMPENSATION
$644K
AGE
49
TENURE
3.8 yrs

Tom Gerke

TITLE
Chief Administrative Officer & General Counsel
COMPENSATION
$2M
AGE
63
TENURE
3.9 yrs

Karen Orosco

TITLE
Senior Vice President of U.S. Retail Sales & Service
COMPENSATION
$2M
AGE
48
TENURE
3.9 yrs

Vinoo Vijay

TITLE
Chief Marketing Officer
TENURE
2 yrs

Tiffany Monroe

TITLE
Chief People Officer
AGE
46
TENURE
2.1 yrs

Colby Brown

TITLE
Vice President and Corporate Controller
AGE
45
TENURE
9.6 yrs

Kip Knight

TITLE
Senior Vice President of U.S. Franchise & International
COMPENSATION
$2M
AGE
62
TENURE
8 yrs

Jamil Khan

TITLE
Chief Strategy & Development Officer
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the H&R Block board of directors in years:

8.6
Average Tenure
61
Average Age
  • The tenure for the H&R Block board of directors is about average.
Board of Directors

Bob Gerard

TITLE
Independent Chairman of the Board
COMPENSATION
$441K
AGE
74
TENURE
9 yrs

Jeff Jones

TITLE
President
COMPENSATION
$9M
AGE
51
TENURE
3.3 yrs

Bruce Rohde

TITLE
Independent Director
COMPENSATION
$271K
AGE
70
TENURE
9.8 yrs

Paul Brown

TITLE
Independent Director
COMPENSATION
$267K
AGE
52
TENURE
8.6 yrs

Victoria Reich

TITLE
Independent Director
COMPENSATION
$271K
AGE
61
TENURE
8.6 yrs

David Lewis

TITLE
Independent Director
COMPENSATION
$256K
AGE
68
TENURE
15.5 yrs

Christy Wood

TITLE
Independent Director
COMPENSATION
$255K
AGE
59
TENURE
11.8 yrs

Dick Johnson

TITLE
Independent Director
COMPENSATION
$257K
AGE
61
TENURE
4.6 yrs

Angela Archon

TITLE
Independent Director
COMPENSATION
$251K
AGE
59
TENURE
4.1 yrs

Matt Winter

TITLE
Independent Director
COMPENSATION
$258K
AGE
62
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Jul 19 Sell Kellie Logerwell Individual 02. Jul 19 02. Jul 19 -3,000 €25.38 €-76,154
X
Management checks
We assess H&R Block'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. H&R Block 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.

HRB News

Simply Wall St News

HRB Company Info

Description

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation, do-it-yourself (DIY) tax, and virtual tax preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees. It also develops and markets DIY income tax preparation software online, as well as through third-party retail stores and direct mail; and provides DIY tax services, including preparation of federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing. In addition, the company offers Refund Transfers and H&R Block Emerald Prepaid Mastercard, which enables clients to receive their tax refunds; Peace of Mind extended service plans; H&R Block Emerald Advance lines of credit; Tax Identity Shield that provides clients assistance in helping protect their tax identity and access to services to help restore their tax identity; refund advance loans; H&R Block Instant Refund; and H&R Block Pay With Refund services. H&R Block, Inc. was founded in 1955 and is headquartered in Kansas City, Missouri.

Details
Name: H&R Block, Inc.
HRB
Exchange: DB
Founded: 1955
$2,414,142,806
192,475,284
Website: http://www.hrblock.com
Address: H&R Block, Inc.
One H&R Block Way,
Kansas City,
Missouri, 64105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HRB Common Stock New York Stock Exchange US USD 02. Jan 1969
DB HRB Common Stock Deutsche Boerse AG DE EUR 02. Jan 1969
LSE 0HOB Common Stock London Stock Exchange GB USD 02. Jan 1969
BRSE HRBCHF Common Stock Berne Stock Exchange CH CHF 02. Jan 1969
BOVESPA H1RB34 BDR EACH 1 REPR 1 SHS UNSPON Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
3,100
H&R Block employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:08
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/03/09
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


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.