Helia Group (ASX: HLI) $5.27
We last owned Helia in the Active Income Portfolio in 2025, entering after the sharp sell-off around the loss of ING and subsequently exiting after a strong rebound in the share price just 3-months later.
Helia Group Ltd (HLI)
HLI $4.91
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 4.91
- Change
- ▼ -0.02 (-0.41)
- Bid / Ask
- 4.91 - 4.92
- Volume
- 289,527
- Turnover
- 1,421,439
- Open
- 4.94
- Day Range
- 4.87 - 4.94
- VWAP
- 4.91
- Prev Close
- 4.93
- Last Trade
- 13/11 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Financial Services
- Shares Issued
- 271,834,668
- NTA/Share
- 3.71
- Last Dividend
- 0.16
- Dividend Ex Date
- 20 AUG 2026
- Dividend Pay Date
- 4 SEP 2026
Current (AUD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 404.10
- EBITDA
- 376.90
- Profit
- 244.90
- Earnings Per Share (EPS)
- 0.89
- Dividend Per Share (DPS)
- 1.12
- Yield %
- 6.52
- Market Cap
- 1,335.08
- Price to Earnings Ratio (P/E)
- 6.40
Estimates (AUD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- —
- EBITDA
- —
- Profit
- 166.60
- Earnings Per Share (EPS)
- 0.66
- Dividend Per Share (DPS)
- 0.72
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Fairly valued
- Economic Moat
- None
- Financial Health
- Strong
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 12 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 4.48 Fair value 4.99 One-star price 5.54
Morningstar Quantitative Rating as of 12 NOV 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 4.99
- Price / Fair Value
- 0.99
- Valuation
- Fairly valued
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 12 NOV 2026. The slider runs from the five-star price (4.48) to the one-star price (5.54).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 4.91 |
| Price - 12 month high | 6.47 |
| Price - 12 month low | 4.35 |
| Pricing date | 12 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.89 |
| Market capitalization | 1,334.71 |
| 12 Month High price date | 25 FEB 2026 |
| 12 Month Low price date | 13 MAR 2026 |
| Volume - avg. trading volume for the last 3 months | 0.91 |
| Price - 1 Day % Change | -0.41% |
| Price - 13 week price percent change | -18.71% |
| Price - 26 week price percent change | -0.41% |
| Price - 5 Day % Change | -0.81% |
| Price - 52 week price percent change | -14.31% |
| Price - YTD price percent change | -10.73% |
| Price % Change Month To Date | -6.83% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 0.892 |
| EPS excluding extraordinary items - trailing 12 month | 0.766 |
| EPS Normalized - most recent fiscal year | 0.899 |
| Revenue/share - most recent fiscal year | 1.472 |
| Revenue/share - trailing 12 month | 1.210 |
| Book value per share - most recent fiscal year | 3.739 |
| Book value per share - most recent half-year | 3.257 |
| Book value (tangible) per share - most recent fiscal year | 3.706 |
| Book value (tangible) per share - most recent half-year | 3.224 |
| Cash per share - most recent fiscal year | 0.168 |
| Cash per share - most recent half-year | 0.299 |
| Cash Flow per share - most recent fiscal year | 0.395 |
| Cash Flow per share - trailing 12 month | 0.170 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.320 |
| EBITD per share - trailing 12 month | 1.093 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.899 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.773 |
| EPS including extraordinary items - most recent fiscal year | 0.899 |
| EPS including extraordinary items - trailing 12 month | 0.773 |
| Free Cash Flow per share - trailing 12 month | 0.170 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 6.41 |
| P/E Normalized, most recent fiscal year | 5.30 |
| Price to sales - most recent fiscal year | 4.06 |
| Price to Tangible Book - most fiscal year | 1.52 |
| Price to Free Cash Flow per Share - most recent fiscal year | 28.84 |
| Price to Cash Flow per share - trailing 12 month | 28.84 |
| Price to Book - most recent fiscal year | 1.51 |
| P/E excluding extraordinary items high, trailing 12 months | 7.89 |
| P/E excluding extraordinary items low, trailing 12 months | 5.00 |
| Net Debt, LFI | -77.70 |
| Net Debt, LFY | -40.50 |
| Dividend Yield - 5 Year Average | 5.84% |
| Dividend Yield - indicated annual dividend divided by closing price | 6.41% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 6.52% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 108.40 |
| LT debt/equity - most recent fiscal year | — |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 0.51% |
| LT debt/equity - most recent half-year | — |
| Total debt/total equity - most recent half-year | 0.47% |
| Free Cash Flow - trailing 12 month | 46.90 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 404.10 |
| Revenue - trailing 12 month | 333.30 |
| EBITD - most recent fiscal year | 376.90 |
| EBITD - trailing 12 month | 301.20 |
| Earnings before taxes - most recent fiscal year | 350.60 |
| Earnings before taxes - trailing 12 month | 302.50 |
| Net Income available to common - most recent fiscal year | 244.90 |
| Net Income available to common - trailing 12 months | 211.20 |
| Earnings before taxes Normalized - most recent fiscal year | 247.40 |
| Net Income Available to Common, Normalized - most recent fiscal year | 247.00 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.93 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 60.60% |
| Net Profit Margin % - trailing 12 month | 63.37% |
| Operating margin - 1st historical fiscal year | 80.45% |
| Operating margin - trailing 12 month | 74.86% |
| Pretax margin - trailing 12 month | 90.76% |
| Pretax margin - 1st historical fiscal year | 86.76% |
| Operating Margin - 5 year average | 80.01% |
| Pretax Margin - 5 year average | 72.95% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 24.98% |
| Free Operating Cash Flow/Revenue, TTM | 14.07% |
| Net Profit Margin - 5 year average | 51.15% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 8.81% |
| Return on average assets - trailing 12 month | 8.26% |
| Return on average equity - most recent fiscal year | 23.54% |
| Return on average equity - trailing 12 month | 21.60% |
| Return on average assets - 5 year average | 7.27% |
| Return on average equity - 5 year average | 19.51% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | -7.78% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | 10.06% |
| Revenue/share (5 yr growth) | 0.04% |
| Growth rate% - Revenue, 3 year | 7.76% |
| Growth rate% - EPS, 3 year | 22.19% |
| Book value per share growth rate, 5 year | 2.14% |
| Capital Spending growth rate, 5 year | — |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | ||||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Helia (HLI) $5.79
HLI has been a good position in the Income Portfolio over a short time frame, having only entered the stock in July after a sharp ~26% fall on news it lost the ING mortgage insurance contract – the second major lender to walk in short succession after CBA earlier in the year.
Helia Group (HLI) $5.73
HLI +1.78%: Solid 1H25 earnings growth for HLI on higher gross written premiums, though total insurance revenue was softer.
Helia Group (HLI) $4.75
We bought HLI in the Income Portfolio last week, starting with a 2.5% weighting. While the stock has been on the Hitlist before, it was not listed there when we purchased it. The buy was prompted by a sharp ~26% fall in the share price following the likely loss of another major lender's mortgage insurance (LMI) contract, this time from ING.
Active Income Portfolio – Amendments
We are making several changes to the Income Portfolio today
Helia (HLI) $3.66
We covered HLI earlier in the week (here) as the stock fell ~25%. It appears highly likely that they’ll lose their exclusive contract with CBA as the provider of choice for Lenders Mortgage Insurance (LMI), which accounts for around 44% of their Gross Written Premium (GWP).
Helia (HLI) $3.61
HLI –25.57%: Big move today for the Mortgage Insurer after providing an update on their largest client, CBA, who last year put their existing contract with HLI up for tender, with a decision due in December this year.
Helia (HLI) $5.67
HLI +17.15: Kicking ourselves on this one with HLI (the old Genworth Mortgage Insurance) holding a heap of excess capital which has underpinned a big special dividend and an increase to their on-market share buyback.
Helia Group Ltd (HLI) $4.42
Helia Group, formerly known as Genworth Mortgage Insurance Australia, specialises in lenders mortgage insurance (LMI). This insurance helps mitigate risks for lenders by covering losses in high loan-to-value ratio residential mortgage loans, primarily in Australia. There are a few moving parts here when we think about HLI’s exposure to falling interest rates.
Action
Updated
30/09/2026
09:52
HLI
Updated 30/09/2026 09:52
MM is neutral toward HLI around $5.30
Updated
28/10/2025
09:16
HLI
Updated 28/10/2025 09:16
MM are selling HLI in the Active Income Portfolio, taking profit around $5.60
Updated
10/09/2025
09:42
HLI
Updated 10/09/2025 09:42
MM is looking to exit HLI ~$5.80
Updated
22/08/2025
16:54
HLI
Updated 22/08/2025 16:54
MM remains long and bullish HLI
Updated
10/07/2025
10:05
HLI
Updated 10/07/2025 10:05
MM is now long & bullish HLI
Updated
07/07/2025
09:31
HLI
Updated 07/07/2025 09:31
MM are buying HLI in the Active Income Portfolio, allocating 2.5% around $4.30
Updated
26/03/2025
10:31
HLI
Updated 26/03/2025 10:31
HLI remains on the MM Hitlist for Income
Updated
24/03/2025
17:06
HLI
Updated 24/03/2025 17:06
MM will retain HLI on the Hitlist for Income
Updated
26/02/2025
08:12
HLI
Updated 26/02/2025 08:12
MM is now neutral HLI ~$5.70
Updated
12/12/2024
10:07
HLI
Updated 12/12/2024 10:07
MM likes HLI for Income
Business Summary
Helia listed on the Australian Securities Exchange in 2014 after its US-based parent, Genworth Financial (NYSE: GNW), sold down its stake. It has since exited. With a history spanning over 50 years, Helia is the largest provider of lenders' mortgage insurance, or LMI, in Australia. In Australia, LMI is predominantly purchased on loans with a loan/value ratio, or LVR, above 80%. LMI protects a lender against a potential loss (gap) between the outstanding loan amount and saleproceeds on a delinquent loan property. LMI does not protect the borrower; however, the premium is paid by the borrower. It's regulated by the Australian Prudential Regulation Authority, which requires it to meet minimum regulatory capitalrequirements.
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