HIGHWOOD ASSET MANAGEMENT LT (HAM.CA) Stock Fundamental Analysis
TSX-V:HAM - TSX Venture Exchange - CA43127Q1000 - Common Stock - Currency: CAD
HAM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 219 industry peers in the Oil, Gas & Consumable Fuels industry. While HAM belongs to the best of the industry regarding profitability, there are concerns on its financial health. An interesting combination arises when we look at growth and value: HAM is growing strongly while it also seems undervalued.
1. Profitability
1.1 Basic Checks
In the past year HAM was profitable.
In the past year HAM had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: HAM reported negative net income in multiple years.
Of the past 5 years HAM 4 years had a positive operating cash flow.
1.2 Ratios
HAM has a better Return On Assets (24.92%) than 98.19% of its industry peers.
HAM has a better Return On Equity (56.66%) than 99.55% of its industry peers.
HAM has a Return On Invested Capital of 21.56%. This is amongst the best in the industry. HAM outperforms 97.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.92% | ||
| ROE | 56.66% | ||
| ROIC | 21.56% |
ROA(3y)5.56%
ROA(5y)-1.41%
ROE(3y)12.09%
ROE(5y)-23.92%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HAM has a Profit Margin of 62.96%. This is amongst the best in the industry. HAM outperforms 98.64% of its industry peers.
Looking at the Operating Margin, with a value of 51.26%, HAM belongs to the top of the industry, outperforming 98.19% of the companies in the same industry.
In the last couple of years the Operating Margin of HAM has grown nicely.
HAM's Gross Margin of 78.65% is amongst the best of the industry. HAM outperforms 91.86% of its industry peers.
In the last couple of years the Gross Margin of HAM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 51.26% | ||
| PM (TTM) | 62.96% | ||
| GM | 78.65% |
OM growth 3YN/A
OM growth 5Y79.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.08%
GM growth 5Y16.24%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), HAM is creating value.
Compared to 1 year ago, HAM has more shares outstanding
HAM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, HAM has a worse debt to assets ratio.
2.2 Solvency
HAM has an Altman-Z score of 1.61. This is a bad value and indicates that HAM is not financially healthy and even has some risk of bankruptcy.
HAM has a Altman-Z score of 1.61. This is in the better half of the industry: HAM outperforms 68.78% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that HAM is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.58, HAM perfoms like the industry average, outperforming 43.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.61 |
ROIC/WACC2.69
WACC8.02%
2.3 Liquidity
A Current Ratio of 0.65 indicates that HAM may have some problems paying its short term obligations.
HAM has a Current ratio (0.65) which is in line with its industry peers.
HAM has a Quick Ratio of 0.65. This is a bad value and indicates that HAM is not financially healthy enough and could expect problems in meeting its short term obligations.
HAM has a Quick ratio (0.65) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
HAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 2754.53%, which is quite impressive.
Looking at the last year, HAM shows a very strong growth in Revenue. The Revenue has grown by 740.61%.
Measured over the past years, HAM shows a quite strong growth in Revenue. The Revenue has been growing by 8.19% on average per year.
EPS 1Y (TTM)2754.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1883.33%
Revenue 1Y (TTM)740.61%
Revenue growth 3Y11.73%
Revenue growth 5Y8.19%
Sales Q2Q%329.02%
3.2 Future
HAM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 67.01% yearly.
The Revenue is expected to grow by 32.74% on average over the next years. This is a very strong growth
EPS Next Y396.34%
EPS Next 2Y102.42%
EPS Next 3Y67.01%
EPS Next 5YN/A
Revenue Next Year72.84%
Revenue Next 2Y32.26%
Revenue Next 3Y32.74%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 2.53, the valuation of HAM can be described as very cheap.
HAM's Price/Earnings ratio is rather cheap when compared to the industry. HAM is cheaper than 99.09% of the companies in the same industry.
HAM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
Based on the Price/Forward Earnings ratio of 3.24, the valuation of HAM can be described as very cheap.
HAM's Price/Forward Earnings ratio is rather cheap when compared to the industry. HAM is cheaper than 93.67% of the companies in the same industry.
HAM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.53 | ||
| Fwd PE | 3.24 |
4.2 Price Multiples
HAM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. HAM is cheaper than 96.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.06 |
4.3 Compensation for Growth
HAM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HAM has a very decent profitability rating, which may justify a higher PE ratio.
HAM's earnings are expected to grow with 67.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y102.42%
EPS Next 3Y67.01%
5. Dividend
5.1 Amount
No dividends for HAM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX-V:HAM (3/7/2025, 7:00:00 PM)
5.6
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners6.22%
Inst Owner ChangeN/A
Ins Owners4.73%
Ins Owner ChangeN/A
Market Cap84.84M
Analysts83.64
Price Target9.61 (71.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)34.88%
Min EPS beat(2)13.54%
Max EPS beat(2)56.22%
EPS beat(4)3
Avg EPS beat(4)51.73%
Min EPS beat(4)-76.52%
Max EPS beat(4)213.67%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-4.32%
Min Revenue beat(2)-10.7%
Max Revenue beat(2)2.06%
Revenue beat(4)2
Avg Revenue beat(4)0.03%
Min Revenue beat(4)-40.94%
Max Revenue beat(4)49.7%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.64%
EPS NY rev (1m)0%
EPS NY rev (3m)22.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.53 | ||
| Fwd PE | 3.24 | ||
| P/S | 0.72 | ||
| P/FCF | N/A | ||
| P/OCF | 1.56 | ||
| P/B | 0.65 | ||
| P/tB | 0.65 | ||
| EV/EBITDA | 2.06 |
EPS(TTM)2.21
EY39.46%
EPS(NY)1.73
Fwd EY30.9%
FCF(TTM)-1.04
FCFYN/A
OCF(TTM)3.6
OCFY64.21%
SpS7.74
BVpS8.6
TBVpS8.6
PEG (NY)0.01
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.92% | ||
| ROE | 56.66% | ||
| ROCE | 25.48% | ||
| ROIC | 21.56% | ||
| ROICexc | 22.11% | ||
| ROICexgc | 22.11% | ||
| OM | 51.26% | ||
| PM (TTM) | 62.96% | ||
| GM | 78.65% | ||
| FCFM | N/A |
ROA(3y)5.56%
ROA(5y)-1.41%
ROE(3y)12.09%
ROE(5y)-23.92%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y64.97%
ROICexc growth 3YN/A
ROICexc growth 5Y64.97%
OM growth 3YN/A
OM growth 5Y79.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.08%
GM growth 5Y16.24%
F-Score7
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0.91 | ||
| Cap/Depr | 304.4% | ||
| Cap/Sales | 59.89% | ||
| Interest Coverage | 6.89 | ||
| Cash Conversion | 65.49% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 1.61 |
F-Score7
WACC8.02%
ROIC/WACC2.69
Cap/Depr(3y)231.61%
Cap/Depr(5y)182.59%
Cap/Sales(3y)26.73%
Cap/Sales(5y)28.46%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2754.53%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1883.33%
EPS Next Y396.34%
EPS Next 2Y102.42%
EPS Next 3Y67.01%
EPS Next 5YN/A
Revenue 1Y (TTM)740.61%
Revenue growth 3Y11.73%
Revenue growth 5Y8.19%
Sales Q2Q%329.02%
Revenue Next Year72.84%
Revenue Next 2Y32.26%
Revenue Next 3Y32.74%
Revenue Next 5YN/A
EBIT growth 1Y9721.24%
EBIT growth 3YN/A
EBIT growth 5Y93.71%
EBIT Next Year936.19%
EBIT Next 3Y118.24%
EBIT Next 5YN/A
FCF growth 1Y-529.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6784.05%
OCF growth 3Y21.59%
OCF growth 5YN/A