Hagerty Statistics

Share Statistics

Hagerty has 90.94M shares outstanding. The number of shares has increased by -73.39% in one year.

Shares Outstanding	90.94M
Shares Change (YoY)	-73.39%
Shares Change (QoQ)	0.75%
Owned by Institutions (%)	82.7%
Shares Floating	84.46M
Failed to Deliver (FTD) Shares	8,098
FTD / Avg. Volume	6.32%

Short Selling Information

The latest short interest is 394.61K, so 0.44% of the outstanding shares have been sold short.

Short Interest	394.61K
Short % of Shares Out	0.44%
Short % of Float	1.19%
Short Ratio (days to cover)	4.54

Valuation Ratios

The PE ratio is 49.64 and the forward PE ratio is 25.88. Hagerty's PEG ratio is -0.67.

PE Ratio	49.64
Forward PE	25.88
PS Ratio	0.7
Forward PS	0.6
PB Ratio	5.62
P/FCF Ratio	5.43
PEG Ratio	-0.67

Financial Ratio History

Enterprise Valuation

Hagerty has an Enterprise Value (EV) of 894.73M.

EV / Sales	0.75
EV / EBITDA	6.75
EV / EBIT	5.05
EV / FCF	5.75

Financial Position

The company has a current ratio of 0.94, with a Debt / Equity ratio of 1.03.

Current Ratio	0.94
Quick Ratio	0.94
Debt / Equity	1.03
Debt / EBITDA	1.17
Debt / FCF	0.99
Interest Coverage	0

Financial Efficiency

Return on Equity is 11.32% and Return on Invested Capital is 9.86%.

Return on Equity	11.32%
Return on Assets	1%
Return on Invested Capital	9.86%
Revenue Per Employee	$692.46K
Profits Per Employee	$9.82K
Employee Count	1,733
Asset Turnover	0.7
Inventory Turnover	n/a

Taxes

Income Tax	15.38M
Effective Tax Rate	16.42%

Stock Price Statistics

The stock price has increased by 4.11% in the last 52 weeks. The beta is 0.9, so Hagerty's price volatility has been higher than the market average.

Beta	0.9
52-Week Price Change	4.11%
50-Day Moving Average	10.06
200-Day Moving Average	9.97
Relative Strength Index (RSI)	54.21
Average Volume (20 Days)	128,064

Income Statement

In the last 12 months, Hagerty had revenue of 1.2B and earned 17.02M in profits. Earnings per share was 0.1.

Revenue	1.2B
Gross Profit	978.58M
Operating Income	93.68M
Net Income	17.02M
EBITDA	132.59M
EBIT	93.68M
Earnings Per Share (EPS)	0.1

Full Income Statement

Balance Sheet

The company has 104.78M in cash and 154.86M in debt, giving a net cash position of -50.08M.

Cash & Cash Equivalents	104.78M
Total Debt	154.86M
Net Cash	-50.08M
Retained Earnings	-451.98M
Total Assets	2.04B
Working Capital	n/a

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 177.02M and capital expenditures -21.34M, giving a free cash flow of 155.68M.

Operating Cash Flow	177.02M
Capital Expenditures	-21.34M
Free Cash Flow	155.68M
FCF Per Share	1.78

Full Cash Flow Statement

Margins

Gross margin is 81.55%, with operating and profit margins of 7.81% and 1.42%.

Gross Margin	81.55%
Operating Margin	7.81%
Pretax Margin	7.81%
Profit Margin	1.42%
EBITDA Margin	11.05%
EBIT Margin	7.81%
FCF Margin	12.97%

Dividends & Yields

HGTY does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Payout Ratio	n/a
Earnings Yield	2.01%
FCF Yield	18.43%

Dividend Details

Analyst Forecast

The average price target for HGTY is $10, which is -8.3% lower than the current price. The consensus rating is "Hold".

Price Target	$10
Price Target Difference	-8.3%
Analyst Consensus	Hold
Analyst Count	2

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$0.5
Lynch Upside	-95.41%
Graham Number	2.74
Graham Upside	-74.86%

Scores

Altman Z-Score	0.94
Piotroski F-Score	7

Hagerty Inc. (HGTY)