Heritage Global Inc. (HGBL) exhibits 27.4% gross margins and 9.7% return on invested capital within Consumer Discretionary (Business Services), balanced against a 12.2x enterprise multiple and 4.8% implied options volatility.
Sustained 27.4% gross profitability converts into 11.2% operating margin and 9.7% ROIC, outpacing sector cost of capital.
ROIC: 9.7% // GM: 27.4%YoY revenue trajectory of +12.4% paired with -5.35% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +12.4% // FCF YLD: -5.35%Altman Z-Score of 0.20 and Piotroski F-Score of 6/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.20 // F-SCORE: 6/9Trading at 12.2x trailing P/E (10.2x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 12.2x // EV/EBITDA: —Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $1.26 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Business Services require continuous execution to defend 7.0% net margins.
NET MARGIN: 7.0% // D/E: 0.45x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
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