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Upturn AI SWOT - About
Heritage Global Inc (HGBL)
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Upturn Advisory Summary
03/13/2025: HGBL (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 86.06% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 03/13/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 79.86M USD | Price to earnings Ratio 16.07 | 1Y Target Price 3.83 |
Price to earnings Ratio 16.07 | 1Y Target Price 3.83 | ||
Volume (30-day avg) 47270 | Beta 1.22 | 52 Weeks Range 1.52 - 2.74 | Updated Date 03/30/2025 |
52 Weeks Range 1.52 - 2.74 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-12 | When Before Market | Estimate 0.05 | Actual -0.01 |
Profitability
Profit Margin 11.42% | Operating Margin (TTM) 13.18% |
Management Effectiveness
Return on Assets (TTM) 4.85% | Return on Equity (TTM) 8.21% |
Valuation
Trailing PE 16.07 | Forward PE - | Enterprise Value 60832878 | Price to Sales(TTM) 1.76 |
Enterprise Value 60832878 | Price to Sales(TTM) 1.76 | ||
Enterprise Value to Revenue 1.34 | Enterprise Value to EBITDA 5.9 | Shares Outstanding 35495100 | Shares Floating 27070660 |
Shares Outstanding 35495100 | Shares Floating 27070660 | ||
Percent Insiders 11.6 | Percent Institutions 38.23 |
Analyst Ratings
Rating 4.67 | Target Price 4.17 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Heritage Global Inc
Company Overview
History and Background
Heritage Global Inc (HGBL) was founded in 1987 as Counsel RB, evolving into an auction and asset advisory services firm. It's undergone several name changes and strategic shifts, focusing on maximizing asset value for clients through auctions, liquidations, and valuations.
Core Business Areas
- Industrial Assets: Auctions and liquidations of industrial equipment and machinery across various sectors.
- Financial Assets: Asset valuations and liquidations for financial institutions, including loan portfolios and real estate.
- Intellectual Property: Valuation and sale of IP assets, including patents, trademarks, and copyrights.
- Real Estate: Disposition of real estate assets through auctions and brokerage services.
Leadership and Structure
Ross Dove is the CEO. The company operates with a functional organizational structure, with departments focused on sales, operations, finance, and marketing.
Top Products and Market Share
Key Offerings
- Industrial Equipment Auctions: Conducting auctions for industrial equipment across various industries. Market share data is not readily available. Competitors include Liquidity Services (LQDT) and Ritchie Bros. Auctioneers (RBA). Revenue generated from this product is a significant portion of their total auction revenue but precise figure not available.
- Asset Valuation Services: Providing valuation services for various asset types. Market share data is not readily available. Competitors include American Appraisal and Duff & Phelps. Revenue derived from valuation services contributes to the professional services revenue stream.
- Intellectual Property Sales: Facilitating the sale of IP assets. Market share data is not readily available. Competitors include Ocean Tomo and Hilco Streambank. Contributes to fee based auction income.
Market Dynamics
Industry Overview
The asset disposition industry is influenced by economic cycles, technological advancements, and regulatory changes. Demand is driven by factors such as business bankruptcies, restructuring, and technological obsolescence.
Positioning
Heritage Global positions itself as a full-service asset disposition provider with expertise across multiple asset classes. Competitive advantages include its auction platform, valuation capabilities, and global reach.
Total Addressable Market (TAM)
The TAM for asset disposition is estimated to be in the billions of dollars annually. Heritage Global has a small percentage of this TAM and is positioned to grow its market share by expanding its service offerings.
Upturn SWOT Analysis
Strengths
- Diversified service offerings
- Experienced management team
- Global reach
- Auction platform technology
Weaknesses
- Small market capitalization
- Dependence on economic cycles
- Limited brand recognition compared to larger competitors
Opportunities
- Expansion into new geographic markets
- Increased demand for asset disposition due to economic uncertainty
- Adoption of new technologies to enhance auction processes
- Strategic acquisitions
Threats
- Economic downturns
- Increased competition
- Fluctuations in asset values
- Regulatory changes
Competitors and Market Share
Key Competitors
- LQDT
- RBA
- GSA
Competitive Landscape
Heritage Global faces competition from larger, more established players. Its competitive advantage lies in its specialized expertise and customized solutions.
Major Acquisitions
National Loan Exchange, Inc.
- Year: 2015
- Acquisition Price (USD millions): 6.5
- Strategic Rationale: Expanded Heritage Global's financial asset disposition capabilities by adding expertise in loan portfolio sales and valuations.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been uneven due to the cyclical nature of the asset disposition industry.
Future Projections: Future growth depends on successful execution of strategic initiatives, such as expanding into new markets and acquiring complementary businesses. Analyst estimates vary based on economic conditions and company performance. Analyst projections change frequently so these numbers would have to be obtained from official analyst reports at the time.
Recent Initiatives: Recent strategic initiatives include investments in technology to improve the auction platform and expanding its service offerings.
Summary
Heritage Global Inc. is a small cap company operating in a cyclical industry with reliance on bankruptcies. The company provides asset disposition services with multiple channels of revenue including IP and real estate. Key strengths are its diversity of service and experience. The company should focus on expanding its brand and taking market share from larger players such as Liquidity Services.
Similar Companies
- LQDT
- RBA
- GSA
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Company Website
- Industry reports
- Analyst estimates
- Financial data providers
- Heritage Global Inc. Annual Report, December 31, 2023
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Data may be incomplete or inaccurate. Investment decisions should be based on thorough research and consultation with a financial professional.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Heritage Global Inc
Exchange NASDAQ | Headquaters San Diego, CA, United States | ||
IPO Launch date 1993-03-23 | President, CEO & Director Mr. Ross M. Dove | ||
Sector Financial Services | Industry Capital Markets | Full time employees 86 | Website https://hginc.com |
Full time employees 86 | Website https://hginc.com | ||
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. The company focuses on identifying, valuing, acquiring, and monetizing underlying tangible assets. It acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.
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