Heritage Global Stock Beta
| HGBL Stock | USD 1.62 0.01 0.62% |
Heritage Global fundamentals help investors to digest information that contributes to Heritage Global's financial success or failures. It also enables traders to predict the movement of Heritage Stock. The fundamental analysis module provides a way to measure Heritage Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Heritage Global stock.
Heritage | Beta |
Heritage Global Company Beta Analysis
Heritage Global's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Heritage Global Beta | 1.19 |
Most of Heritage Global's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Heritage Global is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Heritage Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Heritage Global is extremely important. It helps to project a fair market value of Heritage Stock properly, considering its historical fundamentals such as Beta. Since Heritage Global's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Heritage Global's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Heritage Global's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Heritage Global has a Beta of 1.189. This is 45.0% higher than that of the Capital Markets sector and 49.19% lower than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
Heritage Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Heritage Global's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Heritage Global could also be used in its relative valuation, which is a method of valuing Heritage Global by comparing valuation metrics of similar companies.Heritage Global is currently under evaluation in beta category among its peers.
Heritage Global Current Valuation Drivers
We derive many important indicators used in calculating different scores of Heritage Global from analyzing Heritage Global's financial statements. These drivers represent accounts that assess Heritage Global's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Heritage Global's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 28.1M | 80.3M | 66.3M | 84.6M | 102.0M | 107.1M | |
| Enterprise Value | 27.3M | 58.0M | 59.3M | 79.1M | 99.6M | 104.5M |
Heritage Global Institutional Holders
Institutional Holdings refers to the ownership stake in Heritage Global that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Heritage Global's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Heritage Global's value.| Shares | Ridgewood Investments Llc | 2024-09-30 | 223.6 K | Connective Capital Management Llc | 2024-06-30 | 207.5 K | Mutual Advisors, Llc | 2024-09-30 | 167.5 K | Blackrock Inc | 2024-06-30 | 136.8 K | Ameriprise Financial Inc | 2024-06-30 | 106.6 K | State Street Corp | 2024-06-30 | 103 K | First Trust Advisors L.p. | 2024-06-30 | 87.1 K | Man Group Plc | 2024-06-30 | 62.8 K | Northern Trust Corp | 2024-09-30 | 58.1 K | Punch & Associates Inv Mgmt Inc | 2024-09-30 | 2.5 M | Vanguard Group Inc | 2024-09-30 | 1.9 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Heritage Global will likely underperform.
Heritage Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.066 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.13 % | ||||
| Current Valuation | 34.96 M | ||||
| Shares Outstanding | 36.34 M | ||||
| Shares Owned By Insiders | 15.89 % | ||||
| Shares Owned By Institutions | 31.79 % | ||||
| Number Of Shares Shorted | 10.5 K | ||||
| Price To Earning | 8.63 X | ||||
| Price To Book | 0.88 X | ||||
| Price To Sales | 1.18 X | ||||
| Revenue | 60.55 M | ||||
| Gross Profit | 26 M | ||||
| EBITDA | 14.83 M | ||||
| Net Income | 12.47 M | ||||
| Cash And Equivalents | 16.08 M | ||||
| Cash Per Share | 0.44 X | ||||
| Total Debt | 9.88 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 1.73 X | ||||
| Book Value Per Share | 1.82 X | ||||
| Cash Flow From Operations | 13.02 M | ||||
| Short Ratio | 0.22 X | ||||
| Earnings Per Share | 0.27 X | ||||
| Target Price | 4.17 | ||||
| Number Of Employees | 82 | ||||
| Beta | 1.19 | ||||
| Market Capitalization | 58.88 M | ||||
| Total Asset | 83.17 M | ||||
| Retained Earnings | (233.03 M) | ||||
| Working Capital | 11.56 M | ||||
| Current Asset | 5.67 M | ||||
| Current Liabilities | 10.39 M | ||||
| Net Asset | 83.17 M |
About Heritage Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Heritage Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Heritage Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Heritage Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Heritage Global Piotroski F Score and Heritage Global Altman Z Score analysis. For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Global. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Earnings Share 0.27 | Revenue Per Share 1.361 | Quarterly Revenue Growth (0.33) | Return On Assets 0.066 |
The market value of Heritage Global is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Global's market value can be influenced by many factors that don't directly affect Heritage Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.