Heartland Group Holdings Limited

HGH.AX

Financial - Mortgages · Financial Services

Exchange

Australian Securities Exchange

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Weak

Stability

Mixed

Valuation

Strong

Dividends

Good

Track this stock — start free trial

Winston Score History

The full picture

Heartland Group Holdings is a financial services company based in New Zealand and Australia. It offers loans and savings products to everyday customers and small businesses. Its most well-known product is reverse mortgages, which let older homeowners borrow money against their home without selling it — Heartland is the largest provider of reverse mortgages in both New Zealand and Australia.

The company makes money by charging interest on the loans it provides, including reverse mortgages, vehicle loans, and small business lending. It operates primarily across New Zealand and Australia, with a market cap of around $0.9 billion, making it a mid-sized regional lender. Its focus on reverse mortgages gives it a niche position in an underserved market, but the company faces risk from rising funding costs and interest rate pressure, which can squeeze the gap between what it earns on loans and what it pays to borrow money.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+137.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+29.8% YoY

YoY Growth Rate

Strong earnings growth

Insider Activity

15.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

A$9.0B cash & investments at current burn rate

Revenue accelerating

Heartland Group Holdings Limited grew revenue 137% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

47.5%

Healthy — 47.5% gross margin

Profit after running costs

Operating Margin

18.5%

Healthy — 18.5% operating margin

Return on the money invested

ROCE

6.2%

Weak — 6.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+174.2%

Fast-growing sales (+174.2% YoY)

Profit growth

EPS YoY

+146.0%

Earnings growing fast (+146.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

-145%

Weak — only -145% of profit becomes cash

Spare cash per sale

FCF Margin

-20.2%

Burning cash (-20.2%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.59

Conservative — low debt load (0.59)

Covers its interest

Interest Cover

0.41x

Dangerous — barely covers interest (0.4x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

10.7x

no trend

Attractive valuation — P/E 10.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+1.2

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

4.95%

no trend

Healthy income — 4.95% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

-51.7%

no trend

Dividend cut (-51.7% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial