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Hearts and Minds Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hearts and Minds and similar public comparables like Diamond Hill Investment, Discount Investment Corp, Mirrabooka Investments, Flat Capital and more.
Hearts and Minds Overview
About Hearts and Minds
Hearts And Minds Investments Ltd is a listed investment company. The company strives to deliver attractive equity investment returns for shareholders while providing funding for Australian medical research. It derives revenue from dividend income, interest income, and the sale of its investments. Geographically, the company has investments in the United States, Australia, Hong Kong, Germany, Canada, and the United Kingdom.
Founded
2018
HQ
Employees
4
Sectors
Financials (FY)
EV
$440M
Hearts and Minds Financials
Hearts and Minds reported last fiscal year revenue of $116M.
In the same fiscal year, Hearts and Minds generated $75M in net income.
Hearts and Minds P&L
In the most recent fiscal year, Hearts and Minds reported revenue of $116M and net income of $75M.
Hearts and Minds expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $116M | XXX | XXX | XXX |
| Net Profit | — | XXX | $75M | XXX | XXX | XXX |
| Net Margin | — | XXX | 65% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hearts and Minds Stock Performance
Hearts and Minds has current market cap of $466M, and enterprise value of $440M.
Market Cap Evolution
Hearts and Minds' stock price is $2.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $440M | $466M | (0.9%) | XXX | XXX | XXX | $0.33 |
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Start Free TrialHearts and Minds Valuation Multiples
Hearts and Minds trades at 3.8x EV/Revenue multiple.
Hearts and Minds Financial Valuation Multiples
As of March 7, 2026, Hearts and Minds has market cap of $466M and EV of $440M.
Equity research analysts estimate Hearts and Minds' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hearts and Minds has a P/E ratio of 6.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $466M | XXX | $466M | XXX | XXX | XXX |
| EV (current) | $440M | XXX | $440M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 3.8x | XXX | XXX | XXX |
| P/E | — | XXX | 6.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (246.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hearts and Minds Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Hearts and Minds Margins & Growth Rates
Hearts and Minds' revenue in the last fiscal year grew by 33%.
Hearts and Minds Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hearts and Minds Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Diamond Hill Investment | XXX | XXX | XXX | XXX | XXX | XXX |
| Discount Investment Corp | XXX | XXX | XXX | XXX | XXX | XXX |
| Mirrabooka Investments | XXX | XXX | XXX | XXX | XXX | XXX |
| Flat Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Nuam | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hearts and Minds M&A Activity
Hearts and Minds acquired XXX companies to date.
Last acquisition by Hearts and Minds was on XXXXXXXX, XXXXX. Hearts and Minds acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hearts and Minds
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHearts and Minds Investment Activity
Hearts and Minds invested in XXX companies to date.
Hearts and Minds made its latest investment on XXXXXXXX, XXXXX. Hearts and Minds invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hearts and Minds
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hearts and Minds
| When was Hearts and Minds founded? | Hearts and Minds was founded in 2018. |
| Where is Hearts and Minds headquartered? | Hearts and Minds is headquartered in Australia. |
| How many employees does Hearts and Minds have? | As of today, Hearts and Minds has over 4 employees. |
| Is Hearts and Minds publicly listed? | Yes, Hearts and Minds is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Hearts and Minds? | Hearts and Minds trades under HM1 ticker. |
| Who are competitors of Hearts and Minds? | Hearts and Minds main competitors are Diamond Hill Investment, Discount Investment Corp, Mirrabooka Investments, Flat Capital. |
| What is the current market cap of Hearts and Minds? | Hearts and Minds' current market cap is $466M. |
| What is the current revenue of Hearts and Minds? | Hearts and Minds' last fiscal year revenue is $116M. |
| What is the current EV/Revenue multiple of Hearts and Minds? | Current revenue multiple of Hearts and Minds is 3.8x. |
| Is Hearts and Minds profitable? | No, Hearts and Minds is not profitable. |
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