# Hargreaves Services Plc (HSP.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Industrials / Air Freight & Logistics. Price 838p, market value 257 millionp.

## Valuation
- **P/E (trailing): 9.1×** (5-yr avg 970.8×, 3-yr avg 1174.9×). Hargreaves Services Plc trades at 9.1× trailing earnings, well below its own five-year average of 970.8×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 16.5×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.87**. A PEG of 0.87 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.6×**. Enterprise value is 3.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 24.0%** (5-yr avg 0.2%). Free cash flow equals 24.0% of the market value, above its five-year average of 0.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 11.0%**. The inverse of the P/E: 11.0% of the price is earned each year.

## Profitability
- **Gross margin: 19.5%**. Hargreaves Services Plc keeps 19.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 5.0%**. 5.0% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 5.6%**. 5.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.6%**. 7.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 10.6%**. Return on all capital, debt included, is 10.6%.
- **Return on assets: 11.5%**. Each dollar of assets produces 11.5% of profit.

## Growth
- **Revenue growth (1 yr): 25.2%** (3-yr 14.1%/yr, 5-yr 3.5%/yr). Revenue grew 25.2% over the last year, against 3.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 18.9%** (3-yr -23.4%/yr, 5-yr 27.6%/yr). Earnings per share rose 18.9%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.17**. Debt is 0.17 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.1×**. Operating profit covers interest 4.1× over, a safe margin.
- **Current ratio: 2.24** (quick 1.61). Current assets cover the next year's liabilities 2.24 times.
- **Altman Z-score: 3.49**. A Z-score of 3.49 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 4.74%** (0p per share, trailing). Hargreaves Services Plc yields 4.74%, an income-level yield.
- **Payout ratio: 81%** (39% of free cash flow). 81% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 52.4%/yr** (1-yr 2.8%). The dividend has compounded at 52.4% a year over five years, doubling roughly every 1 years at that pace.
- **Shareholder yield: 4.7%**. Dividends plus net buybacks return 4.7% of the market value a year.

## Price and momentum
- **Total return (1 yr): 18.1%** (YTD 30.0%, 3-mo 8.4%). The shares are up 18.1% over twelve months including dividends.
- **From 52-week high: -3.7%** (42.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 62**. An RSI of 62 is neutral.
- **Beta (1 yr): 0.44** (volatility 32%). Beta of 0.44 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.