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Heartland Group Holdings Limited (HGH.NZ)
NZD1.20
-0.02 (-1.64%)
NZ NZE Financial Services Financial - Mortgages
Address
Heartland House 1023
Auckland, NZ
Auckland, NZ
CEO
Andrew Peter Dixson
Website
heartland.co.nz
IPO
2018-10-31
ISIN NZHGHE0007S9
Also trades on
Australian Securities Exchange · HGH.AX (AUD)
New Zealand Exchange · HGH.NZ (NZD)
Description
Heartland Group Holdings Limited serves as the parent entity for Heartland Bank Limited, delivering a diverse range of financial products and services across both New Zealand and Australia. The company offers various deposit accounts, including savings, fixed-term, and both direct and commercial call options. Its lending portfolio is extensive, covering residential mortgages, business finance, term credit, revolving facilities, government-guaranteed business loans, reverse mortgages, vehicle financing, and specialized rural products such as seasonal and livestock funding, alongside farm transition loans. Additionally, Heartland provides digital banking solutions through internet and mobile platforms, as well as management and insurance services. The group also holds interests in investment properties. Founded in 1875, the company is headquartered in Auckland, New Zealand.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
NZD1.20
-0.02 (-1.64%)
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Volume Profile
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Liquidity & share structure
Average Volume
778.4K
Beta
0.76
Float Shares
803.07M
Free Float %
77.9%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.88% | +4.59% | +0.88% | -11.63% | +2.70% | -2.56% | +44.30% | -26.92% | -40.00% | -26.45% | -26.45% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
1.20
DCF (Unlevered)
0.95
-20.6%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
0% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.28
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Financial - Mortgages: +18.2%+2.8% Q4'25: +186.2% (vs Q4'23)
-
EPS growth Financial - Mortgages: +18.3%-58.0% Q4'25: -1.5% (vs Q4'23)
-
FCF margin FCF growth · Financial - Mortgages: +84.8%+108.5% Q4'25: -17.6% (vs Q4'23)
-
EBIT margin Financial - Mortgages: +34.8%+23.7% Q4'25: +20.0% (vs Q4'23)
-
ROIC Financial - Mortgages: +4.9%+2.0% Q4'25: +13.3% (vs Q4'23)
-
Share dilution Financial - Mortgages: 0.0%+23.7% Q4'25: +32.0% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Financial - Mortgages: 7.44×13.91× Q4'25: 2.01× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Jun 2015 actual |
Jun 2016 actual |
Jun 2017 actual |
Jun 2018 actual |
Jun 2019 actual |
Jun 2020 actual |
Jun 2021 actual |
Jun 2022 actual |
Jun 2023 actual |
Jun 2024 actual |
Jun 2025 actual |
Jun 2026 2 Rev. Ana. 2 EPS Ana. |
Jun 2027 2 Rev. Ana. 2 EPS Ana. |
Jun 2028 2 Rev. Ana. 3 EPS Ana. |
Jun 2029 1 Rev. Ana. 1 EPS Ana. |
Jun 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
132.60M
est: 143.50M (-7.6%)
|
144.06M
est: 159.26M (-9.5%)
|
156.24M
est: 171.08M (-8.7%)
|
174.73M
est: 195.34M (-10.6%)
|
187.31M
est: 212.92M (-12.0%)
|
205.93M
est: 231.08M (-10.9%)
|
236.21M
est: 243.00M (-2.8%)
|
253.79M
est: 262.90M (-3.5%)
|
262.07M
est: 300.43M (-12.8%)
|
243.93M
est: 294.91M (-17.3%)
|
250.75M
est: 327.51M (-23.4%)
|
352.84M
352.46M – 353.23M
+7.7% YoY
|
376.87M
372.13M – 381.61M
+6.8% YoY
|
409.42M
408.56M – 410.27M
+8.6% YoY
|
463.40M
460.13M – 466.67M
+13.2% YoY
|
518.10M
514.45M – 521.75M
+11.8% YoY
|
| EBITDA |
—
est: 56.53M (-100.0%)
|
—
est: 62.74M (-100.0%)
|
—
est: 67.40M (-100.0%)
|
-3.25M
est: 76.95M (-104.2%)
|
—
est: 83.88M (-100.0%)
|
—
est: 91.03M (-100.0%)
|
135.97M
est: 95.73M (+42.0%)
|
150.84M
est: 103.57M (+45.6%)
|
147.58M
est: 118.35M (+24.7%)
|
—
est: 116.18M (-100.0%)
|
59.34M
est: 129.02M (-54.0%)
|
139.00M
138.85M – 139.15M
+7.7% YoY
|
148.47M
146.60M – 150.33M
+6.8% YoY
|
161.29M
160.95M – 161.62M
+8.6% YoY
|
182.55M
181.27M – 183.84M
+13.2% YoY
|
204.10M
202.66M – 205.54M
+11.8% YoY
|
| EBIT |
-8.39M
est: 49.66M (-116.9%)
|
-7.85M
est: 55.12M (-114.2%)
|
-7.08M
est: 59.21M (-112.0%)
|
219.78M
est: 67.61M (+225.1%)
|
-9.12M
est: 73.69M (-112.4%)
|
-12.79M
est: 79.97M (-116.0%)
|
124.44M
est: 84.10M (+48.0%)
|
141.89M
est: 90.99M (+55.9%)
|
135.77M
est: 103.98M (+30.6%)
|
-14.48M
est: 102.06M (-114.2%)
|
59.34M
est: 113.35M (-47.7%)
|
122.11M
121.98M – 122.25M
+7.7% YoY
|
130.43M
128.79M – 132.07M
+6.8% YoY
|
141.69M
141.40M – 141.99M
+8.6% YoY
|
160.38M
159.25M – 161.51M
+13.2% YoY
|
179.31M
178.04M – 180.57M
+11.8% YoY
|
| Net Income |
48.16M
est: 91.61M (-47.4%)
|
54.16M
est: 102.20M (-47.0%)
|
60.81M
est: 109.69M (-44.6%)
|
67.51M
est: 114.10M (-40.8%)
|
73.62M
est: 118.23M (-37.7%)
|
71.97M
est: 104.95M (-31.4%)
|
87.03M
est: 133.88M (-35.0%)
|
95.13M
est: 142.76M (-33.4%)
|
95.87M
est: 138.64M (-30.8%)
|
74.55M
est: 121.90M (-38.8%)
|
38.81M
est: 51.51M (-24.7%)
|
89.07M
87.79M – 89.41M
+72.9% YoY
|
101.62M
100.70M – 102.55M
+14.1% YoY
|
119.47M
109.64M – 129.98M
+17.6% YoY
|
126.44M
125.28M – 127.60M
+5.8% YoY
|
146.11M
144.77M – 147.45M
+15.6% YoY
|
| SGA |
46.99M
est: 15.54M (+202.4%)
|
46.84M
est: 17.24M (+171.6%)
|
48.12M
est: 18.52M (+159.8%)
|
53.76M
est: 21.15M (+154.2%)
|
68.39M
est: 23.05M (+196.6%)
|
87.36M
est: 25.02M (+249.2%)
|
2.66M
est: 26.31M (-89.9%)
|
2.68M
est: 28.47M (-90.6%)
|
3.22M
est: 32.53M (-90.1%)
|
117.03M
est: 31.93M (+266.5%)
|
6.90M
est: 35.46M (-80.6%)
|
38.20M
38.16M – 38.25M
+7.7% YoY
|
40.81M
40.29M – 41.32M
+6.8% YoY
|
44.33M
44.24M – 44.42M
+8.6% YoY
|
50.18M
49.82M – 50.53M
+13.2% YoY
|
56.10M
55.70M – 56.49M
+11.8% YoY
|
| EPS |
0.10
est: 0.10 (+2.2%)
|
0.11
est: 0.11 (+0.8%)
|
0.12
est: 0.12 (+2.5%)
|
0.13
est: 0.12 (+6.7%)
|
0.14
est: 0.13 (+10.9%)
|
0.12
est: 0.11 (+7.1%)
|
0.15
est: 0.14 (+4.9%)
|
0.16
est: 0.15 (+5.0%)
|
0.14
est: 0.15 (-5.4%)
|
0.10
est: 0.13 (-21.5%)
|
0.04
est: 0.06 (-24.7%)
|
0.09
0.09 – 0.10
+72.0% YoY
|
0.11
0.11 – 0.11
+14.7% YoY
|
0.13
0.12 – 0.14
+17.9% YoY
|
0.14
0.13 – 0.14
+5.5% YoY
|
0.16
0.15 – 0.16
+15.6% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-28 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-27 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-26 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-25 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-22 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-21 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-20 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-19 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-18 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-15 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-14 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-13 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-12 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-11 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-08 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-07 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-06 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-05 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-04 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-01 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-30 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-29 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-28 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-24 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-23 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-22 | B- | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-21 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-20 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-17 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 |
| 2026-04-16 | B | 3/5 | 1/5 | 3/5 | 4/5 | 2/5 | 3/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-88.60M
OE per share TTM
-0.11
Owner's Yield
-8.25%
Maintenance CapEx ratio
76.61%
Maint CapEx / Avg PPE
17.9%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 26 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares MSCI New Zealand ETF ENZL | 1.48% | 996.1K | 0.50% |
| 2 | Dimensional - International Small Cap ETF DFIS | 0.01% | 860.9K | 0.39% |
| 3 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.01% | 1.79M | 0.06% |
| 4 | Dimensional - International Vector Equity ETF DXIV | 0.01% | 15.3K | 0.53% |
| 5 | Dimensional International Sustainability Core 1 ETF DFSI | 0.01% | 89.1K | 0.24% |
| 6 | Dimensional - International Small Cap Value ETF DISV | 0.01% | 289.8K | 0.42% |
| 7 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 638.9K | 0.22% |
| 8 | Vanguard FTSE Developed Asia Pacific All Cap Index ETF VA.TO | 0.00% | 9.8K | 0.22% |
| 9 | Vanguard FTSE Pacific ETF VPL | 0.00% | 520.1K | 0.07% |
| 10 | Dimensional World ex U.S. Core Equity 2 ETF DFAX | 0.00% | 333.8K | 0.28% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
97.0K
Shares Outstanding
1.03B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Michael Danton Jonas | Chief Strategy Officer | 600.0K | male |
| Andrew Peter Dixson | Chief Executive Officer & Group Chief Financial Officer | — | male |
| Leanne Lazarus | Chief Executive Officer of Heartland Bank New Zealand | — | female |
| Michelle Winzer | Chief Executive Officer of Heartland Bank Australia | — | female |
| Nicola Foley | Head of Corporate Communications & Investor Relations | — | — |
| Peter Griffin | Chief Commercial Officer | — | male |
| Alistair Scott | Chief Auto & Asset Finance Officer of Heartland Bank | — | male |
| Rebecca Thomas | Chief Digital Transformation Officer of Heartland Bank | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for HGH.NZ
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
