Hansard Global (HSD) AI Stock Analysis

• Market Cap: £67.66M
• Dividend Yield: 9.33%
• Average Volume (3M): 82.21K
• Price to Earnings (P/E): 6.3
• Beta (1Y): 0.27
• Revenue Growth: -52.34%
• EPS Growth: -65.35%
• Country: UK
• Employees: 182
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 0.02
• Shares Outstanding: 137,557,070
• 10 Day Avg. Volume: 57,120
• 30 Day Avg. Volume: 82,211
• PEG Ratio: -0.58
• Price to Book (P/B): 4.20
• Price to Sales (P/S): 1.44
• P/FCF Ratio: 5.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.03
• Revenue Forecast (FY): £93.00M

• Rating: 58 Neutral
• Price Target: 54.00 p ▲(10.43% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

Hansard Global's overall stock score is primarily influenced by its financial performance challenges, particularly in revenue growth and operational efficiency. However, the company's strong dividend yield and positive corporate events, including strategic growth plans and successful AGM resolutions, provide some support. Technical indicators are neutral, suggesting a balanced market sentiment.

Positive Factors

Low leverage

A debt-to-equity of 0.16 indicates manageable leverage and greater financial flexibility. Over the medium term this reduces solvency and refinancing risk, supports dividend and investment capacity, and gives the company room to execute strategic initiatives without heavy interest burdens.

High gross margin

A 75% gross profit margin reflects resilient core economics in its insurance-linked savings wrappers. Structurally strong unit economics provide a buffer against revenue volatility, enabling the firm to cover distribution and admin costs and preserve long-term profitability if scale or AUA recovers.

Strong FCF conversion

A near-1 free cash flow to net income ratio shows the business converts reported profit into cash efficiently, supporting sustainable cash returns, capital allocation and debt servicing. This durable cash-generation ability is valuable for funding operations and shareholder payouts.

Negative Factors

Sharp revenue decline

A ~69% revenue drop materially shrinks the fee-bearing base that underpins recurring income for an insurance-wrapper business. With distribution reliant on intermediaries and expatriate flows, restoring long-term revenue will take sustained product demand or new market traction, not a short-term rebound.

Negative operating margins

Negative EBIT and EBITDA margins point to structural operating inefficiencies or fixed-cost pressure relative to revenue. Persistently negative operating profitability limits reinvestment, weakens returns on equity, and requires either durable cost restructuring or a sizable revenue recovery to restore sustainable earnings.

Weak operating cash conversion

An OCF-to-net-income ratio of 0.11 signals earnings are not converting into cash at a healthy pace, creating stress for working capital, dividend sustainability and reinvestment. Over months, low cash conversion can force external financing or cuts to shareholder returns if trends persist.

Hansard Global Business Overview & Revenue Model

Company Description

Hansard Global plc operates as a specialist long-term savings provider that offers savings and investment products for investors, institutions, and wealth-management groups worldwide. The company offers unit-linked regular or single premium life assurance and investment contracts; administration services; and marketing and development services. It also operates Hansard OnLine, a sales and business administration tool that is used by independent financial advisors (IFAs) and clients. The company distributes its products through IFAs, as well as through the retail operations of financial institutions. Hansard Global plc was founded in 1970 and is headquartered in Douglas, the United Kingdom.

How the Company Makes Money

Hansard Global makes money mainly by charging fees and other contract-related charges on insurance-based savings and investment products (life assurance policies that act as investment wrappers). Key revenue streams typically include: (1) policy charges deducted from policies over time (e.g., administration and policy fees), (2) asset-based charges linked to the value of assets held within policyholder accounts (often expressed as a percentage of assets under administration/management), (3) fees associated with contributions, withdrawals, or policy changes where applicable, and (4) investment-related income and other operating income earned in the course of managing and administering these products. The company distributes products largely via intermediaries/independent financial advisers, and distribution relationships can materially influence new business volumes and therefore future fee income. Specific fee schedules, product-level charging structures, and disclosed material partnerships beyond adviser/intermediary distribution: null.

Hansard Global Financial Statement Overview

Summary

Hansard Global faces significant challenges, particularly in revenue growth and operational efficiency, as reflected in the income statement. The balance sheet shows moderate leverage, but profitability metrics have weakened. Cash flow generation is mixed, with strong free cash flow relative to net income but declining growth.

Income Statement

Hansard Global's income statement reveals significant challenges, with a sharp decline in revenue by 68.62% in the latest period. The company also experienced negative EBIT and EBITDA margins, indicating operational inefficiencies. However, the gross profit margin remains relatively strong at 75.10%, suggesting some resilience in core operations. The net profit margin is low at 3.73%, reflecting limited profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.16, indicating manageable leverage. However, the return on equity has decreased, reflecting reduced profitability. The equity ratio is not explicitly calculated, but the company's equity position appears stable relative to its assets.

Cash Flow

Cash flow analysis indicates a decline in free cash flow growth by 14.57%, which is concerning. The operating cash flow to net income ratio is low at 0.11, suggesting challenges in converting income into cash. However, the free cash flow to net income ratio is relatively strong at 0.93, indicating efficient cash generation relative to net income.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	90.30M	48.20M	48.80M	45.70M	117.80M	67.00M
Gross Profit	37.30M	36.20M	37.30M	35.40M	37.80M	39.10M
EBITDA	20.20M	-10.90M	8.50M	-18.90M	5.70M	-139.50M
Net Income	4.00M	1.80M	5.20M	5.70M	3.60M	4.90M
Balance Sheet
Total Assets	1.44B	1.35B	1.37B	1.32B	1.31B	1.43B
Cash, Cash Equivalents and Short-Term Investments	47.60M	138.70M	136.10M	1.17B	1.17B	1.29B
Total Debt	2.60M	2.70M	2.70M	2.90M	2.30M	2.70M
Total Liabilities	1.42B	1.33B	1.35B	1.30B	1.29B	1.41B
Stockholders Equity	15.40M	16.50M	20.70M	21.80M	22.20M	24.70M
Cash Flow
Free Cash Flow	6.50M	12.90M	2.30M	400.00K	6.80M	22.00M
Operating Cash Flow	7.10M	13.90M	6.20M	7.00M	11.30M	25.80M
Investing Cash Flow	-1.10M	-4.90M	-4.10M	-6.30M	-4.50M	-3.80M
Financing Cash Flow	-6.30M	-6.30M	-6.30M	-6.30M	-6.60M	-6.50M

Hansard Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 48.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HSD, the sentiment is Positive. The current price of 48.9 is below the 20-day moving average (MA) of 49.64, below the 50-day MA of 49.10, and above the 200-day MA of 46.31, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 59.68 is Neutral, neither overbought nor oversold. The STOCH value of 68.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HSD.

Hansard Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BRK	72 Outperform	£219.25M	13.32	7.58%	5.14%	-13.29%	63.87%
CSN	72 Outperform	£704.35M	-9.08	-2.53%	8.03%	-48.03%	-289.17%
PRU	71 Outperform	£26.90B	9.78	25.01%	1.56%	37.94%	291.37%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HSD	58 Neutral	£67.66M	6.25	25.08%	9.33%	-52.34%	-65.35%
JUST	47 Neutral	£2.26B	-22.73	-8.84%	1.22%	-7.30%	-27.69%

Hansard Global Corporate Events

Hansard Global lifts profit five-fold as product revamp and Japan launch drive momentum

Hansard Global reported broadly flat new business on a PVNBP basis at £49.2m for the six months to 31 December 2025, but delivered a five-fold rise in IFRS profit before tax to £2.6m, driven by higher fees and commissions, lower expenses and favourable market movements. Assets under administration rose 8% to £1.2bn, the value of in-force business increased 4% to £107m, and the board maintained the interim dividend at 1.8p per share, underscoring a strong capital position.

Operationally, the group saw strong growth in single premium products and a sharp rebound in second-quarter sales, particularly in the Far East, as advisers responded to product and fund enhancements. Hansard also completed the launch of its locally licensed Japan proposition with partner Guardian, and with easing litigation costs, improving distributor sentiment and an expanding product suite, management expects higher full-year profitability and continued international growth.

The most recent analyst rating on (GB:HSD) stock is a Hold with a £54.00 price target. To see the full list of analyst forecasts on Hansard Global stock, see the GB:HSD Stock Forecast page.