Heritage Global Inc. (HGBL): Price and Financial Metrics

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HGBL Price/Volume Stats

Heritage Global Inc. (HGBL) Company Bio

Heritage Global Inc. is an asset services company with focus on financial and industrial asset transactions. The company provides services including market making, acquisitions, dispositions, valuations, and secured lending. It focuses on identifying, valuing, acquiring, and monetizing underlying tangible and intangible assets. Heritage Global Inc. acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; accounts receivable portfolios; intellectual property; and entire business enterprises. 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 incorporated in 1983 and is headquartered in San Diego, California.

HGBL Price Forecast Based on DCF Valuation

We started the process of determining a valid price forecast for Heritage Global Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Heritage Global Inc ranked in the 82th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 375.67% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for HGBL, they are:

• Heritage Global Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
• The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 0% of stocks in its sector (Technology).

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as HGBL, try CCRC, GILT, ECOM, APPS, and ASX.