A Business at a Glance
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Heritage Insurance Holdings, Inc.
HRTG
$861M
Mkt Cap
$27.82
+5.86%
Heritage Insurance Holdings, Inc. (HRTG) has a current P/E ratio of 5.8, compared to its historical median P/E of 12.4. The stock is currently considered Fair based on its historical valuation range.
Heritage Insurance Holdings, Inc. (HRTG) has a 5-year average return on invested capital (ROIC) of 2.8%. This is below average and may indicate limited pricing power.
Heritage Insurance Holdings, Inc. (HRTG) has a market capitalization of $861M. It is classified as a small-cap stock.
Heritage Insurance Holdings, Inc. (HRTG) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.27%.
Based on historical P/E analysis, Heritage Insurance Holdings, Inc. (HRTG) appears fair. The current P/E of 5.8 is 53% below its historical median of 12.4. The estimated fair value CAGR (P/E method) is 26.5%.
Heritage Insurance Holdings, Inc. (HRTG) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
Heritage Insurance Holdings, Inc. operates in the Fire, Marine & Casualty Insurance industry, Financials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 847M | 847M | 817M | 735M | 662M | 632M |
| Net Income | 196M | 196M | 62M | 45M | -154M | -75M |
| EPS | $6.32 | $6.32 | $2.01 | $1.73 | $-5.86 | $-2.69 |
| Free Cash Flow | 174M | 174M | 79M | 61M | -43M | 59M |
| ROIC | 825.8% | 39.5% | 16.5% | 15.1% | -42.7% | -14.6% |
| Gross Margin | 63.0% | 63.0% | 45.3% | 42.1% | 24.3% | 32.3% |
| Debt/Equity | 0.16 | 0.16 | 0.40 | 0.54 | 0.98 | 0.35 |
| Dividends/Share | $0.00 | - | - | $0.00 | $0.24 | $0.24 |
| Operating Income | 267M | 267M | 94M | 63M | -157M | -68M |
| Operating Margin | 31.5% | 31.5% | 11.5% | 8.6% | -23.8% | -10.8% |
| ROE | 38.7% | 49.1% | 24.1% | 25.8% | -65.1% | -19.0% |
| Shares Outstanding | 31M | 31M | 31M | 26M | 26M | 28M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 234M | 395M | 439M | 407M | 480M | 511M | 593M | 632M | 662M | 735M | 817M | 847M | 847M |
| Gross Margin | 31.8% | 38.1% | 12.9% | 50.4% | 50.6% | 46.6% | 37.1% | 32.3% | 24.3% | 42.1% | 45.3% | 63.0% | 63.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 33M | 46M | 59M | 72M | 89M | 81M | 82M | 66M | 70M | 78M | 85M | 93M | 93M |
| EBIT | 74M | 150M | 57M | 50M | 70M | 50M | 10M | -68M | -157M | 63M | 94M | 267M | 267M |
| Op. Margin | 31.8% | 38.1% | 12.9% | 12.2% | 14.5% | 9.7% | 1.7% | -10.8% | -23.8% | 8.6% | 11.5% | 31.5% | 31.5% |
| Net Income | 47M | 93M | 34M | -1.1M | 27M | 29M | 9.3M | -75M | -154M | 45M | 62M | 196M | 196M |
| Net Margin | 20.1% | 23.4% | 7.7% | -0.3% | 5.7% | 5.6% | 1.6% | -11.8% | -23.3% | 6.2% | 7.5% | 23.1% | 23.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 2.1M | 61M | 92M | 92M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 28.2% | 30.3% | 8.6% | -0.2% | 4.8% | 5.0% | 1.6% | -14.6% | -42.7% | 15.1% | 16.5% | 39.5% | N/M |
| ROE | 28.1% | 30.3% | 9.5% | -0.3% | 6.7% | 6.6% | 2.1% | -19.0% | -65.1% | 25.8% | 24.1% | 49.1% | 38.7% |
| ROA | 10.5% | 12.7% | 3.6% | -0.1% | 1.5% | 1.5% | 0.5% | -3.7% | -7.1% | 2.0% | 2.7% | 8.4% | 8.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 194M | 147M | 83M | 7.5M | 96M | 120M | 170M | 60M | -34M | 70M | 87M | 182M | 182M |
| Free Cash Flow | 187M | 146M | 81M | 7.1M | 94M | 115M | 169M | 59M | -43M | 61M | 79M | 174M | 174M |
| Owner Earnings | 190M | 143M | 74M | -2.6M | 64M | 104M | 154M | 46M | -51M | 67M | 80M | 170M | 170M |
| CapEx | 6.9M | 1.2M | 1.6M | 385K | 2.3M | 5.0M | 755K | 1.0M | 8.6M | 9.9M | 8.2M | 8.1M | 8.1M |
| Maint. CapEx | 800K | 1.3M | 3.8M | 5.3M | 27M | 9.8M | 11M | 13M | 15M | 2.4M | 3.4M | 6.5M | 6.5M |
| Growth CapEx | 6.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.5M | 4.8M | 1.6M | 1.6M |
| D&A | 800K | 1.3M | 3.8M | 5.3M | 27M | 9.8M | 11M | 13M | 15M | 2.4M | 3.4M | 6.5M | 6.5M |
| CapEx/OCF | 3.6% | 0.8% | 2.4% | 5.1% | 2.4% | 4.2% | 0.4% | 1.7% | N/A | 14.0% | 9.4% | N/A | 4.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 6.8M | 8.2M | 6.4M | 7.0M | 6.9M | 6.7M | 4.8M | 11K | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | 1.8% | 2.4% | 1.7% | 1.8% | 2.3% | 3.0% | 4.9% | 0.0% | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 26M | 62M | 2.0M | 16M | 10.0M | 8.2M | 7.3M | 0 | 0 | 2.3M | 2.3M |
| Buyback Yield | N/A | N/A | 6.2% | 13.8% | 0.6% | 4.5% | 3.6% | 4.9% | 16.6% | N/A | N/A | 0.0% | 0.3% |
| Stock-Based Comp | 3.3M | 2.6M | 4.8M | 4.8M | 5.3M | 5.4M | 4.7M | 1.2M | 2.0M | 1.4M | 3.3M | 5.4M | 5.4M |
| Debt Repayment | 0 | 0 | 0 | 25M | 80M | 16M | 9.4M | 4.6M | 5.0M | 9.5M | 9.5M | 6.1M | 6.1M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | -604M | -519M | -611M | -726M | -881M | -908M | -788M | -905M | -992M | -1.2B | -481M |
| Cash & Equiv. | 160M | 236M | 106M | 154M | 250M | 268M | 441M | 359M | 281M | 464M | 453M | 559M | 559M |
| Long-Term Debt | N/A | N/A | 73M | 184M | 149M | 129M | 121M | 121M | 129M | 120M | 116M | 78M | 78M |
| Debt/Equity | 1.41 | 1.35 | 0.20 | 0.49 | 0.35 | 0.29 | 0.27 | 0.35 | 0.98 | 0.54 | 0.40 | 0.16 | 0.16 |
| Interest Coverage | N/A | N/A | 156.8 | 3.7 | 3.5 | 5.8 | 1.3 | -8.5 | -17.9 | 5.6 | 8.6 | 33.9 | 33.9 |
| Equity | 255M | 357M | 358M | 380M | 425M | 449M | 442M | 343M | 131M | 220M | 291M | 505M | 505M |
| Total Assets | 615M | 837M | 1.0B | 1.8B | 1.8B | 1.9B | 2.1B | 2.0B | 2.4B | 2.1B | 2.5B | 2.2B | 2.2B |
| Total Liabilities | 360M | 481M | 675M | 1.4B | 1.3B | 1.5B | 1.6B | 1.6B | 2.3B | 1.9B | 2.2B | 1.7B | 1.7B |
| Intangibles | N/A | 2.1M | 27M | 102M | 77M | 69M | 62M | 56M | 50M | 43M | 36M | 30M | 30M |
| Retained Earnings | 65M | 156M | 183M | 175M | 196M | 217M | 220M | 138M | -19M | 26M | 88M | 283M | 283M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 1.82 | 3.05 | 1.14 | -0.04 | 1.04 | 0.98 | 0.33 | -2.69 | -5.86 | 1.73 | 2.01 | 6.32 | 6.32 |
| Owner EPS | 7.35 | 4.71 | 2.50 | -0.09 | 2.45 | 3.57 | 5.45 | 1.66 | -1.93 | 2.55 | 2.63 | 5.50 | 5.50 |
| Book Value | 9.86 | 11.76 | 12.05 | 13.58 | 16.29 | 15.36 | 15.65 | 12.35 | 4.97 | 8.41 | 9.50 | 16.33 | 16.33 |
| Cash Flow/Share | 7.50 | 4.84 | 2.79 | 0.27 | 3.69 | 4.09 | 6.02 | 2.16 | -1.30 | 2.69 | 2.84 | 5.89 | 6.53 |
| Dividends/Share | N/A | 0.05 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.00 | N/A | N/A | 0.00 |
| Shares Out. | 25.9M | 30.3M | 29.7M | 28.0M | 26.1M | 29.2M | 28.3M | 27.8M | 26.3M | 26.2M | 30.6M | 30.9M | 30.9M |
| Valuation | |||||||||||||
| P/E Ratio | 9.3 | 6.3 | 12.2 | N/A | 12.8 | 12.6 | 29.6 | N/A | N/A | 3.8 | 6.0 | N/A | 4.4 |
| P/FCF | 2.3 | 4.0 | 5.1 | 62.8 | 3.7 | 3.1 | 1.6 | 2.8 | N/A | 2.9 | 4.7 | N/A | 4.9 |
| EV/EBIT | N/A | N/A | 6.7 | 9.6 | 3.5 | 4.5 | -4.3 | N/A | N/A | -2.7 | 0.3 | N/A | 1.4 |
| Price/Book | 1.7 | 1.6 | 1.2 | 1.2 | 0.8 | 0.8 | 0.6 | 0.5 | 0.3 | 0.8 | 1.3 | N/A | 1.7 |
| Price/Sales | 1.5 | 1.4 | 0.9 | 0.8 | 0.8 | 0.8 | 0.5 | 0.4 | 0.1 | 0.2 | 0.4 | N/A | 1.0 |
| FCF Yield | 42.7% | 25.1% | 19.7% | 1.6% | 27.0% | 31.8% | 61.3% | 35.2% | -96.8% | 35.0% | 21.4% | N/A | 20.2% |
| Market Cap | 439M | 580M | 412M | 446M | 348M | 361M | 276M | 168M | 44M | 173M | 369M | 0 | 861M |
| Avg. Price | 13.39 | 18.35 | 12.80 | 12.30 | 14.47 | 13.21 | 10.78 | 8.00 | 3.68 | 4.57 | 9.76 | 0.00 | 27.82 |
| Year-End Price | 16.96 | 19.11 | 13.88 | 15.95 | 13.33 | 12.34 | 9.78 | 6.05 | 1.68 | 6.60 | 12.05 | 0.00 | 27.82 |
Heritage Insurance Holdings, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Heritage Insurance Holdings, Inc. trades at 5.8x trailing earnings, compared to its 15-year median P/E of 12.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 8.2x vs a median of 3.4x. The company's 5-year average ROIC is 2.8% with a gross margin of 41.4%. Total shareholder yield (buybacks) is 0.3%. At current prices, the estimated annualized return to fair value is -12.7%.
Heritage Insurance Holdings, Inc. (HRTG) reported annual revenue of $847 million in its most recent fiscal year, based on SEC EDGAR filings.
Heritage Insurance Holdings, Inc. (HRTG) has a net profit margin of 23.1%. This is a strong margin indicating high profitability.
Heritage Insurance Holdings, Inc. (HRTG) generated $174 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Heritage Insurance Holdings, Inc. (HRTG) has a debt-to-equity ratio of 0.16. This indicates a conservatively financed balance sheet.
Heritage Insurance Holdings, Inc. (HRTG) reported earnings per share (EPS) of $6.32 in its most recent fiscal year.
Heritage Insurance Holdings, Inc. (HRTG) has a return on equity (ROE) of 49.1%. This indicates the company generates strong returns for shareholders.
Heritage Insurance Holdings, Inc. (HRTG) has a 5-year average gross margin of 41.4%. This indicates decent pricing power.
The Ledger Terminal provides 13 years of financial data for Heritage Insurance Holdings, Inc. (HRTG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Heritage Insurance Holdings, Inc. (HRTG) has a book value per share of $16.33, based on its most recent annual SEC filing.