H & R Block Inc Stock Research

Market Summary

USD35.04+0.25

Market Closed

0.72%

HRB Alerts

Losses in recent quarter

HRB Stock Price

HRB RSI Chart

HRB Valuation

Market Cap

6.7B

Price/Earnings (Trailing)

12.03

Price/Sales (Trailing)

1.92

EV/EBITDA

6.49

Price/Free Cashflow

8.92

HRB Price/Sales (Trailing)

HRB Profitability

Operating Margin

46.39%

EBT Margin

18.39%

Return on Equity

-78.31%

Return on Assets

19.43%

Free Cashflow Yield

11.21%

HRB Fundamentals

HRB Revenue

Revenue (TTM)

3.5B

HRB Earnings

Earnings (TTM)

503.9M

Price Action

52 Week Range

23.4748.76

(Low)(High)

Last 7 days

-6.4%

Last 30 days

-12.5%

Last 90 days

-14.0%

Trailing 12 Months

35.9%

HRB Financial Health

Current Ratio

1.2

HRB Investor Care

Dividend Yield

3.2%

Dividend/Share (TTM)

1.12

Diluted EPS (TTM)

3.22

Peers (Alternatives to H & R Block)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MAR	50.0B	20.8B	-9.20%	-4.26%	21.22	2.41	49.91%	114.56%
LVS	41.6B	4.1B	-7.67%	62.61%	22.72	10.13	-2.93%	290.63%
HLT	37.1B	8.8B	-8.84%	-5.51%	29.52	4.22	51.57%	206.10%
CZR	9.6B	10.8B	-16.23%	-40.87%	-10.68	0.89	13.07%	11.78%
MID-CAP
SCI	10.1B	4.1B	-9.28%	3.97%	17.85	2.46	-0.83%	-29.59%
HRB	6.7B	3.5B	-12.48%	35.87%	12.03	1.92	-	-
LOPE	3.4B	911.3M	-6.24%	17.06%	18.54	3.76	1.64%	-29.07%
STRA	2.1B	1.1B	-10.08%	41.71%	45.24	1.98	-5.85%	-15.28%
FTDR	2.1B	1.7B	-9.06%	-10.20%	29.53	1.26	3.75%	-44.53%
CHGG	2.1B	766.9M	-4.27%	-47.65%	7.8	2.71	-1.21%	18387.93%
SMALL-CAP
FRG	993.7M	4.4B	-22.23%	-39.78%	-14.49	0.23	35.10%	-118.85%
CSV	474.5M	370.2M	-2.09%	-39.72%	10.2	1.28	-1.52%	65.06%
STON	419.1M	322.6M	2.62%	36.82%	-9.36	1.28	2.97%	16.26%
WW	305.5M	1.0B	-1.35%	-54.69%	-1.22	0.29	-14.15%	-475.83%
RGS	45.6M	249.8M	-28.77%	-44.97%	-0.64	0.18	-26.97%	-18.18%

Financials for H & R Block

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.2%	3,458	3,451	3,463	2,879	2,801
Cost Of Revenue	0.7%	1,854	1,842	1,595	1,559	-
S&GA Expenses	0.5%	844	840	837	717	708
Costs and Expenses	0.5%	2,754	2,740	2,718	2,312	2,268
EBITDA	-0.7%	850	856	890	702	-
EBITDA Margin	-0.9%	0.25*	0.25*	0.26*	0.24*	-
Earnings Before Taxes	0.1%	636	635	659	487	454
EBT Margin	-0.1%	0.18*	0.18*	0.19*	0.17*	-
Interest Expenses	-5.0%	77.00	81.00	88.00	84.00	82.00
Net Income	-6.1%	504	537	554	421	506
Net Income Margin	-6.3%	0.15*	0.16*	0.16*	0.15*	-
Free Cahsflow	19.1%	878	737	747	350	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.3%	2,593	2,559	3,269	3,781	3,100
Current Assets	7.1%	776	724	1,384	1,868	1,240
Cash Equivalents	-18.1%	264	323	885	1,042	460
Net PPE	6.9%	137	128	124	133	140
Goodwill	2.4%	765	747	760	764	759
Liabilities	14.6%	3,237	2,824	3,058	3,736	3,473
Current Liabilities	-18.3%	646	790	999	1,693	1,171
LT Debt, Current	NaN%	-	-	-	499	499
LT Debt, Non Current	39.0%	2,068	1,487	1,487	1,487	1,761
Shareholder's Equity	-142.8%	-643	-264	212	45.00	-372
Retained Earnings	-127.3%	-708	-311	120	-56.79	-466
Additional Paid-In Capital	1.1%	768	760	772	768	771
Accumulated Depreciation	1.6%	881	867	857	882	866
Float	-	3,980	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	17.8%	942	799	809	408	325
Share Based Compensation	10.8%	39.00	35.00	34.00	25.00	26.00
Cashflow From Investing	-25.1%	-118	-94.45	-76.54	-67.41	-45.05
Cashflow From Financing	24.0%	-978	-1,286	-1,257	-222	-740
Dividend Payments	-1.0%	179	181	186	143	145
Buy Backs	-4.7%	768	806	550	734	484

Risks for HRB

What is the probability of a big loss on HRB?

59.2%

Probability that H & R Block stock will be more than 20% underwater in next one year

20.4%

Probability that H & R Block stock will be more than 30% underwater in next one year.

18.9%

Probability that H & R Block stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HRB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if H & R Block was unfortunately bought at previous high price.

Drawdowns

Returns for HRB

Cumulative Returns on HRB

6.0%

10-Year Cumulative Returns

7.8%

7-Year Cumulative Returns

9.4%

5-Year Cumulative Returns

31.3%

3-Year Cumulative Returns

What are the long-term rolling returns for HRB?

FIve years rolling returns for H & R Block.

Annualized Returns

Which funds bought or sold HRB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	387,422	387,422	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-17.1	-8,897,710	21,942,300	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	31.25	2,000	9,000	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	293,686	293,686	-%
2023-02-28	Voya Investment Management LLC	added	343	7,030,370	9,534,370	0.01%
2023-02-24	NATIXIS	sold off	-100	-4,679,000	-	-%
2023-02-23	Portman Square Capital LLP	new	-	823,921	823,921	0.06%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-9.21	-265,000	935,000	0.01%
2023-02-21	Triasima Portfolio Management inc.	reduced	-0.46	-813,920	4,510,080	0.34%
2023-02-21	Empowered Funds, LLC	new	-	3,026,020	3,026,020	0.20%

Latest Funds Activity

Are funds buying HRB calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HRB

No. of Funds

HRB Alerts

Losses in recent quarter

H & R Block News

Schedule 13G FIlings of H & R Block

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	jupiter asset management ltd	0.68%	1,060,000	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	10.87%	16,900,959	SC 13G/A
Feb 06, 2023	wellington management group llp	5.43%	8,436,857	SC 13G
Jan 26, 2023	blackrock inc.	12.9%	20,080,435	SC 13G/A
Jan 20, 2023	blackrock inc.	12.9%	20,080,435	SC 13G/A
Feb 07, 2022	blackrock inc.	12.9%	22,659,527	SC 13G/A
Feb 03, 2022	jupiter asset management ltd	6.31%	11,088,022	SC 13G/A
Feb 12, 2021	state street corp	3.73%	6,839,285	SC 13G/A
Feb 10, 2021	vanguard group inc	13.98%	25,648,933	SC 13G/A

HRB Fair Value

H & R Block fair value in different scenarios

The table shows the Fair Value estimates for H & R Block for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	21.74 -37.96%	29.75 -15.10%	41.24 17.69%	57.90 65.24%	75.79 116.30%
Current Inflation	20.55 -41.35%	27.88 -20.43%	36.91 5.34%	51.06 45.72%	66.18 88.87%
Very High Inflation	19.02 -45.72%	25.49 -27.25%	31.74 -9.42%	43.04 22.83%	55.05 57.11%

Historical H & R Block Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of H & R Block

View All Filings

Date Filed	Form Type	Document
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	10-Q	Quarterly Report
Feb 07, 2023	8-K	Current Report
Feb 06, 2023	SC 13G	Major Ownership Report
Feb 03, 2023	4	Insider Trading
Jan 26, 2023	SC 13G/A	Major Ownership Report
Jan 20, 2023	SC 13G/A	Major Ownership Report
Dec 15, 2022	4	Insider Trading

Latest Insider Trading transactions for HRB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-01	Redler Dara S	sold (taxes)	-131,283	39.46	-3,327	chief legal officer
2022-12-14	Jones Jeffrey J II	sold	-2,776,620	42.07	-66,000	president & ceo
2022-12-13	Jones Jeffrey J II	sold	-758,424	42.1136	-18,009	president & ceo
2022-11-04	Johnson Richard A	acquired	-	-	4,679	-
2022-11-04	REICH VICTORIA	acquired	-	-	4,679	-
2022-11-04	Winter Matthew E	acquired	-	-	4,679	-
2022-11-04	Gerard Robert A	acquired	-	-	9,603	-
2022-11-04	Piazza Yolande G	acquired	-	-	4,679	-
2022-11-04	Cohan Sean	acquired	-	-	4,679	-
2022-11-04	Mends Mia	acquired	-	-	4,679	-

About H & R Block

Jeffrey J. Jones

www.hrblock.com

65535

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees. It also provides DIY tax services and products, including federal and state income tax returns, access to tax tips, advice and tax-related news, use of calculators for tax planning, and error checking and electronic filing; and software online, as well as through third-party retail stores. In addition, the company offers Refund Transfers and H&R Block Emerald Prepaid Mastercard, which enables clients to receive their tax refunds; Peace of Mind extended service plans; H&R Block Emerald Advance lines of credit; Tax Identity Shield that provides clients assistance in helping protect their tax identity and access to services to help restore their tax identity; refund advance loans; H&R Block Instant Refund; and H&R Block Pay With Refund services. Further, it offers small business financial solutions through its company-owned or franchise offices, and online. The company was founded in 1955 and is headquartered in Kansas City, Missouri.

HRB Income Statement

2022-09-30

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
REVENUES:
Total revenues	$ 179,985	$ 192,624
OPERATING EXPENSES:
Costs of revenues	260,662	241,532
Selling, general and administrative	128,434	125,864
Total operating expenses	389,096	367,396
Other income (expense), net	3,611	284
Interest expense on borrowings	(15,824)	(22,830)
Loss from continuing operations before income tax benefit	(221,324)	(197,318)
Income tax benefit	(53,957)	(47,373)
Net loss from continuing operations	(167,367)	(149,945)
Net loss from discontinued operations, net of tax benefits of $316 and $495	(1,054)	(1,656)
NET LOSS	$ (168,421)	$ (151,601)
BASIC AND DILUTED LOSS PER SHARE:
Continuing operations	$ (1.05)	$ (0.84)
Discontinued operations	(0.01)	(0.01)
Consolidated	(1.06)	(0.85)
Dividends declared per share (in usd per share)	$ 0.29	$ 0.27
COMPREHENSIVE LOSS:
Net loss	$ (168,421)	$ (151,601)
Change in foreign currency translation adjustments	(32,345)	(11,177)
Other comprehensive loss	(32,345)	(11,177)
Comprehensive loss	(200,766)	(162,778)
Service revenues
REVENUES:
Total revenues	167,194	176,977
Royalty, product and other revenues
REVENUES:
Total revenues	$ 12,791	$ 15,647

HRB Balance Sheet

2022-09-30

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
ASSETS
Cash and cash equivalents	$ 322,824	$ 885,015
Cash and cash equivalents - restricted	108,550	165,698
Receivables, less allowance for credit losses of $65,217 and $65,351	61,035	58,447
Income taxes receivable	154,123	202,838
Prepaid expenses and other current assets	77,906	72,460
Total current assets	724,438	1,384,458
Property and equipment, at cost, less accumulated depreciation and amortization of $867,402 and $857,468	127,934	123,912
Operating lease right of use assets	412,823	427,783
Intangible assets, net	303,483	309,644
Goodwill	746,711	760,401
Deferred tax assets and income taxes receivable	193,761	208,948
Other noncurrent assets	50,082	54,012
Total assets	2,559,232	3,269,158
LIABILITIES:
Accounts payable and accrued expenses	168,496	160,929
Accrued salaries, wages and payroll taxes	56,162	154,764
Accrued income taxes and reserves for uncertain tax positions	188,118	280,115
Current portion of long-term debt	0	0
Operating lease liabilities	197,491	206,898
Deferred revenue and other current liabilities	179,956	196,107
Total current liabilities	790,223	998,813
Long-term debt	1,487,407	1,486,876
Deferred tax liabilities and reserves for uncertain tax positions	229,340	226,362
Operating lease liabilities	222,914	228,820
Deferred revenue and other noncurrent liabilities	94,333	116,656
Total liabilities	2,824,217	3,057,527
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock, no par, stated value $0.01 per share, 800,000,000 shares authorized, shares issued of 188,644,066 and 193,571,309	1,887	1,936
Additional paid-in capital	759,629	772,182
Accumulated other comprehensive loss	(53,990)	(21,645)
Retained earnings (deficit)	(311,671)	120,405
Less treasury shares, at cost, of 33,176,727 and 33,640,988	(660,840)	(661,247)
Total stockholders' equity (deficiency)	(264,985)	211,631
Total liabilities and stockholders' equity	$ 2,559,232	$ 3,269,158