매출 하락 → 마진 압박 → 현금 악화
Critical매출이 -25.1% 감소하며 영업이익률이 23.7%에서 20.0%로 하락했다. 영업현금흐름도 동반 감소하여 수익-현금 순환이 약화되고 있다.
Evidence
매출 YoY -25.1% (2023→2024)영업이익률 23.7%→20.0%영업CF 13→8
Heritage Global
HGBL · Nasdaq$1.36+4.62%
2026-09-04 closeHeritage Global last closed at $1.36 (+4.62%) on 2026-09-04. Listed on Nasdaq; price, financials and dividends update daily after market close.
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No active signal.
New high + volume — the real recordrecord · not a prediction
Last 30 sessions
277 picks
Next-day win rate
44.2%
Avg next-day
-0.28%
vs market
-0.51%p
Every new-high-plus-volume pick we actually published (US market) — not this stock alone.
Trade plan
Fill entry, stop, account size and risk percent to get a share count. The stop must sit below the entry.
A calculator · not advice or a guarantee
Financials & valuation at a glance
D
Overall: IT하드웨어 111/124 · top 89%
Factor composite · relative position in sector
PER 9.12 · PBR 0.72 — own-history percentile 76/100 · 77/100
Open self-history band
PER76/100
PBR77/100
Factual information · not investment advice
Past reported results · not investment advice
More — deeper indicators
Financial safety
Reference indicatorAs of 2024Distress zoneFinancial-metric reference signal
Altman Z'' zoneZ'' -2.64
Distress
Grey
Safe
- Altman Z''
- -2.64
- Beneish M-Score
- -3.11
- Sloan accrual
- -3.15%
No statistical flag
부실·조작 위험을 나타내는 사실 지표입니다. 투자 조언이 아니며, 검증 전이라 참고용입니다.
Factual information, not investment advice.
Why has this company moved this way?
Auditable observations with the original numeric evidence.
Factual information, not investment advice.
Earnings quality · Piotroski F-Score
7/9Strong
Piotroski measures year-over-year financial improvement, not absolute quality.
Financial improvement score7/9
Profitability
- Positive ROAPass
- Positive OCFPass
- Improving ΔROANot passed
- Accruals (OCF > net income)Pass
Leverage & liquidity
- Lower debtPass
- Higher current ratioPass
- No new sharesPass
Efficiency
- Higher gross marginPass
- Higher asset turnoverNot passed
Calculation note: F7(신주)은 equity/asset 유지로 근사
Already-stable companies may score lower when year-over-year improvement is limited.
Factual information, not investment advice.
Industry structure
USAs of 2026-09-05IT하드웨어
This stock is in IT하드웨어: revenue rank 95 of 122, share 0%.
95 / 1220%revenue share
Who dominates this industry?
- 1Apple40.9%
- 2Dell Technologies Class C9.4%
- 3TD Synnex5.7%
- 4Cisco Systems5.6%
- 5HP5.4%
- 6Heritage Global0%
Concentration
ModerateCR3 56%HHI and CR3 are separate industrial-organization facts; they are not the polarization verdict.
Polarization
MixedConsistentPolarization measures industry gaps and structure, not valuation, forecast, or investment advice.
Margin lens
- IQR%p
- 13.9
- Direction
- 확대
- Level
- 보통
- Years
- 8
Value lens
- P90/P10
- 28.5
- Median P/B
- 2.52
- Level
- 넓음
- n
- 106
Survivorship note: 현재 산업 멤버십을 과거 연도에 소급 적용 — 과거 진입·퇴출 기업 미반영(복원 불가)
Factual information, not investment advice.
Risk sensitivity — adverse assumptions
Metric changes under stated assumptions; not a forecast or investment advice.
Base metrics
- Operating margin
- 20%
- Interest coverage
- 2.3x
- Return on equity (ROE)
- 7.9%
Operating margin −5pp
TolerableInterest coverageBase 2.3x adverse case 1.8x
Return on equity (ROE)Base 7.9% adverse case 4.5%
Revenue −15%
TolerableInterest coverageBase 2.3x adverse case 2x
Return on equity (ROE)Base 7.9% adverse case 5.9%
Interest rate +2pp
TolerableInterest coverageBase 2.3x adverse case 2.2x
Return on equity (ROE)Base 7.9% adverse case 7.5%
Interest coverage limit
Current margin 11.4ppInterest coverage limit at an operating margin of 8.6%
Interest expense coverage threshold
Connections
AI-extracted related companies · for reference
Competitors
Same theme
M&A 캐피털 파트너스부실채권(NPL)파산·워크아웃 서비스
Recent filings
Filings for overseas stocks are on the way. For now we cover Korean stocks only.
About Heritage Global
- What technical signals does Heritage Global (HGBL) have?
- Heritage Global current technical signals: no active technical signal.
- Is Heritage Global a cup-and-handle pattern?
- No. Heritage Global has no valid cup-and-handle signal right now.
- What are Heritage Global's financials and valuation?
- Heritage Global's income statement, balance sheet and cash flow are free for the most recent 8 years; the full history is on Pro. PER/PBR, dividend yield and sector valuation bands are free.
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