Heritage Insurance Hldgs Stock Return On Equity
| HRTG Stock | USD 8.81 0.23 2.68% |
Heritage Insurance Hldgs fundamentals help investors to digest information that contributes to Heritage Insurance's financial success or failures. It also enables traders to predict the movement of Heritage Stock. The fundamental analysis module provides a way to measure Heritage Insurance's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Heritage Insurance stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.21 | 0.22 |
Heritage | Return On Equity |
Heritage Insurance Hldgs Company Return On Equity Analysis
Heritage Insurance's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Heritage Insurance Return On Equity | 0.23 |
Most of Heritage Insurance's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Heritage Insurance Hldgs is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Heritage Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Heritage Insurance is extremely important. It helps to project a fair market value of Heritage Stock properly, considering its historical fundamentals such as Return On Equity. Since Heritage Insurance's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Heritage Insurance's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Heritage Insurance's interrelated accounts and indicators.
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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Heritage Total Stockholder Equity
Total Stockholder Equity |
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Based on the latest financial disclosure, Heritage Insurance Hldgs has a Return On Equity of 0.2337. This is 83.88% lower than that of the Insurance sector and significantly higher than that of the Financials industry. The return on equity for all United States stocks is 175.39% lower than that of the firm.
Heritage Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Heritage Insurance's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Heritage Insurance could also be used in its relative valuation, which is a method of valuing Heritage Insurance by comparing valuation metrics of similar companies.Heritage Insurance is currently under evaluation in return on equity category among related companies.
Heritage Insurance Current Valuation Drivers
We derive many important indicators used in calculating different scores of Heritage Insurance from analyzing Heritage Insurance's financial statements. These drivers represent accounts that assess Heritage Insurance's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Heritage Insurance's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 387.1M | 283.4M | 163.5M | 47.4M | 170.8M | 162.2M | |
| Enterprise Value | 248.0M | (36.5M) | (43.9M) | (63.3M) | (154.4M) | (146.6M) |
Heritage Fundamentals
| Return On Equity | 0.23 | |||
| Return On Asset | 0.0194 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.12 % | |||
| Current Valuation | 25.24 M | |||
| Shares Outstanding | 30.64 M | |||
| Shares Owned By Insiders | 26.75 % | |||
| Shares Owned By Institutions | 51.60 % | |||
| Number Of Shares Shorted | 845.5 K | |||
| Price To Earning | 5.09 X | |||
| Price To Book | 1.29 X | |||
| Price To Sales | 0.39 X | |||
| Revenue | 737.73 M | |||
| Gross Profit | 4.99 M | |||
| EBITDA | 63.22 M | |||
| Net Income | 45.31 M | |||
| Cash And Equivalents | 290.93 M | |||
| Cash Per Share | 11.26 X | |||
| Total Debt | 148.19 M | |||
| Debt To Equity | 0.84 % | |||
| Current Ratio | 0.68 X | |||
| Book Value Per Share | 7.73 X | |||
| Cash Flow From Operations | 70.42 M | |||
| Short Ratio | 1.58 X | |||
| Earnings Per Share | 1.65 X | |||
| Target Price | 10.0 | |||
| Number Of Employees | 566 | |||
| Beta | 0.92 | |||
| Market Capitalization | 262.86 M | |||
| Total Asset | 1.41 B | |||
| Retained Earnings | 26.12 M | |||
| Five Year Return | 2.79 % | |||
| Net Asset | 1.41 B |
About Heritage Insurance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Heritage Insurance Hldgs's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Heritage Insurance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Heritage Insurance Hldgs based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Heritage Insurance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Heritage Insurance's short interest history, or implied volatility extrapolated from Heritage Insurance options trading.
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When running Heritage Insurance's price analysis, check to measure Heritage Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heritage Insurance is operating at the current time. Most of Heritage Insurance's value examination focuses on studying past and present price action to predict the probability of Heritage Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Insurance's price. Additionally, you may evaluate how the addition of Heritage Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Heritage Insurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Insurance. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Earnings Share 1.65 | Revenue Per Share 27.37 | Quarterly Revenue Growth 0.081 | Return On Assets 0.0194 |
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.