# Harworth Group plc (HWG.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Real Estate / Real Estate Management & Development. Price 177p, market value 575 millionp.

## Valuation
- **P/E (trailing): 58.9×** (5-yr avg 1955.0×, 3-yr avg 2637.5×). Harworth Group plc trades at 58.9× trailing earnings, well below its own five-year average of 1955.0×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 8.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.8×**. Each dollar of revenue is priced at 1.8×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 21.2×**. Enterprise value is 21.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -5.0%** (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: 1.7%**. The inverse of the P/E: 1.7% of the price is earned each year.

## Profitability
- **Gross margin: 13.9%**. Harworth Group plc keeps 13.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -7.2%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 7.2%**. 7.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.4%**. 1.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -2.0%**. Return on all capital, debt included, is -2.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 6.4%**. Each dollar of assets produces 6.4% of profit.

## Growth
- **Revenue growth (1 yr): -28.0%** (3-yr -7.8%/yr, 5-yr 13.3%/yr). Revenue fell 28.0% over the last year, against 13.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -83.4%** (3-yr -30.8%/yr, 5-yr -18.7%/yr). Earnings per share fell 83.4%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.25**. Debt is 0.25 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 4.3×**. It would take 4.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: -0.9×**. Operating profit covers interest only -0.9×: fragile.
- **Altman Z-score: 2.13**. A Z-score of 2.13 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 1.01%** (0p per share, trailing). Harworth Group plc yields 1.01%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 57%**. 57% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Dividend growth (5 yr): 37.9%/yr** (1-yr 10.1%). The dividend has compounded at 37.9% a year over five years, doubling roughly every 2 years at that pace.
- **Shareholder yield: 1.1%**. Dividends plus net buybacks return 1.1% of the market value a year.

## Price and momentum
- **Total return (1 yr): 0.7%** (YTD 4.9%, 3-mo 40.6%). The shares are up 0.7% over twelve months including dividends.
- **From 52-week high: -4.5%** (51.3% 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): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 0.52** (volatility 34%). Beta of 0.52 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.