Added to YB: 2025-05-29
Pitch date: 2025-04-12
HGBL [bullish]
Heritage Global Inc.
-31.53%
current return
Author Info
No bio for this author
Company Info
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States.
Market Cap
$43.8M
Pitch Price
$2.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.34
P/E
14.57
EV/Sales
0.61
Sector
Capital Markets
Category
value
Heritage Global Inc. - $HGBL
HGBL: Stable industrial auction & receivables brokerage despite $22.2M specialty lending default (biggest borrower). At 4.7x fwd EV/EBIT vs peers' 20x EBITDA. $21M cash. Core segments counter-cyclical & thrive in recession with auction surge & higher charge-offs. CEO acknowledged lending mistake. Sale potential as Ross (71) may exit. Buybacks ongoing.
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