# Hargreave Hale AIM VCT plc (HHV.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 29p, market value 109 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Hargreave Hale AIM VCT plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: -2.3%** (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.

## Profitability
- **Operating margin: 428.3%**. 428.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 66.4%**. 66.4% of each dollar of sales reaches the bottom line.
- **Return on equity: -0.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -5.9%**. Return on all capital, debt included, is -5.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -5.2%**. Each dollar of assets produces -5.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 8.2%**. Revenue grew 8.2% over the last year.
- **EPS growth (1 yr): 92.5%**. Earnings per share rose 92.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 16 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**. Hargreave Hale AIM VCT plc does not currently pay a dividend, but it returned -14.8% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): -8.7%** (YTD -10.6%, 3-mo -4.1%). The shares are down 8.7% over twelve months including dividends.
- **From 52-week high: -19.2%** (1.4% above the low). Trading 19% 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): 25**. An RSI of 25 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.00** (volatility 11%). Beta of 0.00 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.