# HgCapital Trust Plc (HGT.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 411p, market value 1.9 billionp.

## Valuation
- **P/E (trailing): 19.6×** (5-yr avg 1205.4×, 3-yr avg 1439.7×). HgCapital Trust Plc trades at 19.6× trailing earnings, well below its own five-year average of 1205.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 5.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 5.2×**. Each dollar of revenue is priced at 5.2×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 7.5×**. Enterprise value is 7.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -11.2%** (5-yr avg -0.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 5.1%**. The inverse of the P/E: 5.1% of the price is earned each year.

## Profitability
- **Gross margin: 99.5%**. HgCapital Trust Plc keeps 99.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 93.3%**. 93.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 88.7%**. 88.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.8%**. 3.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 12.9%**. Return on all capital, debt included, is 12.9%.
- **Return on assets: 12.8%**. Each dollar of assets produces 12.8% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -55.2%** (3-yr -29.7%/yr, 5-yr -15.2%/yr). Revenue fell 55.2% over the last year, against -15.2% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -59.6%** (3-yr -5.6%/yr, 5-yr -18.9%/yr). Earnings per share fell 59.6%, roughly in step with revenue.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: 14 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. HgCapital Trust Plc does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (1 analyst). 1 analysts cover HgCapital Trust Plc; the consensus is hold, with an average price target of 570p (+39% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -16.1%** (YTD -17.5%, 3-mo 8.9%). The shares are down 16.1% over twelve months including dividends.
- **From 52-week high: -19.7%** (29.0% above the low). Trading 20% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.53** (volatility 36%). Beta of 0.53 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HGT.L · Page: https://foliofundamentals.com/stocks/hgt.l

Not investment advice.