HAYNES INTERNATIONAL INC (HAYN)
US4208772016 - Common Stock
Taking everything into account, HAYN scores 5 out of 10 in our fundamental rating. HAYN was compared to 156 industry peers in the Metals & Mining industry. Both the profitability and the financial health of HAYN get a neutral evaluation. Nothing too spectacular is happening here. HAYN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year HAYN was profitable.
HAYN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: HAYN reported negative net income in multiple years.
In multiple years HAYN reported negative operating cash flow during the last 5 years.
1.2 Ratios
The Return On Assets of HAYN (5.47%) is better than 75.80% of its industry peers.
HAYN has a Return On Equity of 8.29%. This is in the better half of the industry: HAYN outperforms 73.89% of its industry peers.
The Return On Invested Capital of HAYN (6.62%) is better than 70.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 8.29% | ||
| ROIC | 6.62% |
ROA(3y)3.83%
ROA(5y)2.39%
ROE(3y)6.38%
ROE(5y)4.05%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HAYN has a better Profit Margin (6.10%) than 74.52% of its industry peers.
With a decent Operating Margin value of 8.38%, HAYN is doing good in the industry, outperforming 62.42% of the companies in the same industry.
HAYN's Operating Margin has improved in the last couple of years.
HAYN has a Gross Margin of 17.43%. This is comparable to the rest of the industry: HAYN outperforms 52.87% of its industry peers.
In the last couple of years the Gross Margin of HAYN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.38% | ||
| PM (TTM) | 6.1% | ||
| GM | 17.43% |
OM growth 3YN/A
OM growth 5Y49.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.66%
GM growth 5Y7.74%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HAYN is destroying value.
HAYN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for HAYN has been increased compared to 5 years ago.
HAYN has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.30 indicates that HAYN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.30, HAYN is in the better half of the industry, outperforming 67.52% of the companies in the same industry.
HAYN has a debt to FCF ratio of 4.86. This is a neutral value as HAYN would need 4.86 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.86, HAYN is in the better half of the industry, outperforming 69.43% of the companies in the same industry.
A Debt/Equity ratio of 0.22 indicates that HAYN is not too dependend on debt financing.
HAYN's Debt to Equity ratio of 0.22 is in line compared to the rest of the industry. HAYN outperforms 45.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 4.3 |
ROIC/WACC0.58
WACC11.32%
2.3 Liquidity
HAYN has a Current Ratio of 7.74. This indicates that HAYN is financially healthy and has no problem in meeting its short term obligations.
HAYN's Current ratio of 7.74 is amongst the best of the industry. HAYN outperforms 85.99% of its industry peers.
HAYN has a Quick Ratio of 1.89. This is a normal value and indicates that HAYN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.89, HAYN is in line with its industry, outperforming 59.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.74 | ||
| Quick Ratio | 1.89 |
3. Growth
3.1 Past
The earnings per share for HAYN have decreased strongly by -18.03% in the last year.
Measured over the past years, HAYN shows a very strong growth in Earnings Per Share. The EPS has been growing by 122.47% on average per year.
The Revenue has been growing slightly by 7.18% in the past year.
Measured over the past years, HAYN shows a small growth in Revenue. The Revenue has been growing by 6.27% on average per year.
EPS 1Y (TTM)-18.03%
EPS 3YN/A
EPS 5Y122.47%
EPS Q2Q%-7.35%
Revenue 1Y (TTM)7.18%
Revenue growth 3Y15.74%
Revenue growth 5Y6.27%
Sales Q2Q%6.96%
3.2 Future
Based on estimates for the next years, HAYN will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.46% on average per year.
HAYN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.26% yearly.
EPS Next Y-21.39%
EPS Next 2Y5.45%
EPS Next 3Y12.46%
EPS Next 5YN/A
Revenue Next Year2.28%
Revenue Next 2Y2.3%
Revenue Next 3Y3.26%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.96 indicates a rather expensive valuation of HAYN.
Based on the Price/Earnings ratio, HAYN is valued a bit cheaper than the industry average as 66.88% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of HAYN to the average of the S&P500 Index (29.70), we can say HAYN is valued slightly cheaper.
A Price/Forward Earnings ratio of 16.77 indicates a correct valuation of HAYN.
The rest of the industry has a similar Price/Forward Earnings ratio as HAYN.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.16, HAYN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.96 | ||
| Fwd PE | 16.77 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAYN.
HAYN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HAYN is cheaper than 67.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.75 | ||
| EV/EBITDA | 12.5 |
4.3 Compensation for Growth
A more expensive valuation may be justified as HAYN's earnings are expected to grow with 12.46% in the coming years.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y5.45%
EPS Next 3Y12.46%
5. Dividend
5.1 Amount
HAYN has a Yearly Dividend Yield of 1.44%.
HAYN's Dividend Yield is a higher than the industry average which is at 2.91.
Compared to the average S&P500 Dividend Yield of 2.16, HAYN is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
The dividend of HAYN has a limited annual growth rate of 0.12%.
HAYN has been paying a dividend for at least 10 years, so it has a reliable track record.
HAYN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.12%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
HAYN pays out 30.20% of its income as dividend. This is a sustainable payout ratio.
HAYN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.2%
EPS Next 2Y5.45%
EPS Next 3Y12.46%
HAYNES INTERNATIONAL INC
NASDAQ:HAYN (11/20/2024, 8:00:01 PM)
After market: 60.99 0 (0%)60.99
+0.02 (+0.03%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap780.06M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.96 | ||
| Fwd PE | 16.77 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 8.29% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.38% | ||
| PM (TTM) | 6.1% | ||
| GM | 17.43% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 7.74 | ||
| Quick Ratio | 1.89 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-18.03%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-21.39%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.18%
Revenue growth 3Y15.74%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y