Reading the tape
NASDAQ: HGBL
Heritage Global Inc.
Financial Services · Financial - Capital Markets
Market Cap
$47.25M
52w High
$2.32
52w Low
$1.13
P/E
13.21
Volume
21.74K
Outstanding Shares
34.74M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -31.75%Revenue (TTM): 12.38%FCF (TTM): -145.87%P/E: 73rd pct
What changed
The stock fell 31.75% over the last year. Revenue grew 12.38% over the trailing twelve months. Operating margin moved from 19.99% to 11.38%. Free cash flow declined 145.87% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/E, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 11.38%. Free cash flow fell 145.87% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions.
CEORoss Dove
SectorFinancial Services
IndustryFinancial - Capital Markets
Employees86
IPO dateMar 23, 1993
Valuation
Forward P/E—
EV/EBITDA4.21
Enterprise value$28.39M
Price / Book0.71
Stock splits
Dec 9, 2003↓ Reverse
Every 20 shares became 1
Mar 23, 1993↓ Reverse
Every 7 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth10.1%
Gross margin84.4%▲169.38%vs FY2024
Operating margin11.38%▼45.15%vs FY2024
ROE5.36%▼32.62%vs FY2024
Analyst consensus
RatingBuy
Target price—
3
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.03 · Revenue est $13.49M
View