HAWAIIAN ELECTRIC INDS (HE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HE - US4198701009 - Common Stock
14.45 USD
+0.17 (+1.19%)
14.45 USD
0 (0%)
HE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 46 industry peers in the Electric Utilities industry. HE scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. HE has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- HE had positive earnings in the past year.
- In the past year HE had a positive cash flow from operations.
- Of the past 5 years HE 4 years were profitable.
- HE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- HE's Return On Assets of 0.17% is on the low side compared to the rest of the industry. HE is outperformed by 93.48% of its industry peers.
- HE's Return On Equity of 0.95% is on the low side compared to the rest of the industry. HE is outperformed by 93.48% of its industry peers.
- HE has a Return On Invested Capital of 2.25%. This is amonst the worse of the industry: HE underperforms 86.96% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for HE is below the industry average of 4.58%.
- The last Return On Invested Capital (2.25%) for HE is above the 3 year average (1.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.17% | ||
| ROE | 0.95% | ||
| ROIC | 2.25% |
ROA(3y)-4.44%
ROA(5y)-2.09%
ROE(3y)-25.02%
ROE(5y)-11.32%
ROIC(3y)1.99%
ROIC(5y)1.95%
1.3 Margins
- The Profit Margin of HE (0.55%) is worse than 91.30% of its industry peers.
- The Operating Margin of HE (8.33%) is worse than 84.78% of its industry peers.
- HE's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.33% | ||
| PM (TTM) | 0.55% | ||
| GM | N/A |
OM growth 3Y-17.69%
OM growth 5Y-9.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HE is destroying value.
- The number of shares outstanding for HE has been increased compared to 1 year ago.
- HE has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for HE is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.58, we must say that HE is in the distress zone and has some risk of bankruptcy.
- HE has a Altman-Z score of 0.58. This is in the lower half of the industry: HE underperforms 78.26% of its industry peers.
- The Debt to FCF ratio of HE is 36.77, which is on the high side as it means it would take HE, 36.77 years of fcf income to pay off all of its debts.
- HE's Debt to FCF ratio of 36.77 is fine compared to the rest of the industry. HE outperforms 78.26% of its industry peers.
- A Debt/Equity ratio of 1.76 is on the high side and indicates that HE has dependencies on debt financing.
- HE has a worse Debt to Equity ratio (1.76) than 67.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 36.77 | ||
| Altman-Z | 0.58 |
ROIC/WACC0.62
WACC3.6%
2.3 Liquidity
- A Current Ratio of 2.20 indicates that HE has no problem at all paying its short term obligations.
- The Current ratio of HE (2.20) is better than 95.65% of its industry peers.
- HE has a Quick Ratio of 2.20. This indicates that HE is financially healthy and has no problem in meeting its short term obligations.
- The Quick ratio of HE (2.20) is better than 95.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.2 | ||
| Quick Ratio | 2.2 |
3. Growth
3.1 Past
- HE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -55.19%.
- HE shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.97% yearly.
- Looking at the last year, HE shows a very negative growth in Revenue. The Revenue has decreased by -24.97% in the last year.
- Measured over the past years, HE shows a small growth in Revenue. The Revenue has been growing by 2.30% on average per year.
EPS 1Y (TTM)-55.19%
EPS 3Y-11.55%
EPS 5Y-4.97%
EPS Q2Q%-58.7%
Revenue 1Y (TTM)-24.97%
Revenue growth 3Y4.15%
Revenue growth 5Y2.3%
Sales Q2Q%-15.75%
3.2 Future
- The Earnings Per Share is expected to decrease by -8.98% on average over the next years.
- Based on estimates for the next years, HE will show a small growth in Revenue. The Revenue will grow by 1.72% on average per year.
EPS Next Y-33.77%
EPS Next 2Y-19.85%
EPS Next 3Y-14.42%
EPS Next 5Y-8.98%
Revenue Next Year-1.71%
Revenue Next 2Y0.11%
Revenue Next 3Y0.85%
Revenue Next 5Y1.72%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
- The Price/Earnings ratio is 17.62, which indicates a rather expensive current valuation of HE.
- HE's Price/Earnings ratio is in line with the industry average.
- The average S&P500 Price/Earnings ratio is at 27.47. HE is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 14.51, which indicates a correct valuation of HE.
- Based on the Price/Forward Earnings ratio, HE is valued a bit cheaper than 65.22% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. HE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.62 | ||
| Fwd PE | 14.51 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, HE is valued a bit cheaper than 63.04% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, HE is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.11 | ||
| EV/EBITDA | 10.07 |
4.3 Compensation for Growth
- A cheap valuation may be justified as HE's earnings are expected to decrease with -14.42% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-19.85%
EPS Next 3Y-14.42%
5. Dividend
5.1 Amount
- No dividends for HE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
14.45
+0.17 (+1.19%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)11-07 2025-11-07/amc
Earnings (Next)02-19 2026-02-19/amc
Inst Owners80.77%
Inst Owner Change0.62%
Ins Owners0.19%
Ins Owner Change-1.81%
Market Cap2.49B
Revenue(TTM)2.77B
Net Income(TTM)15.26M
Analysts42
Price Target11.22 (-22.35%)
Short Float %8.16%
Short Ratio4.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly Dividend0.01
Dividend Growth(5Y)-59.93%
DP12.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)99%
Min EPS beat(2)6.69%
Max EPS beat(2)191.32%
EPS beat(4)2
Avg EPS beat(4)35.59%
Min EPS beat(4)-51.9%
Max EPS beat(4)191.32%
EPS beat(8)2
Avg EPS beat(8)11.33%
EPS beat(12)3
Avg EPS beat(12)5.73%
EPS beat(16)6
Avg EPS beat(16)7.2%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)1.15%
EPS NQ rev (1m)-36.56%
EPS NQ rev (3m)-36.56%
EPS NY rev (1m)0.67%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.62 | ||
| Fwd PE | 14.51 | ||
| P/S | 0.9 | ||
| P/FCF | 31.11 | ||
| P/OCF | 5.92 | ||
| P/B | 1.56 | ||
| P/tB | 1.56 | ||
| EV/EBITDA | 10.07 |
EPS(TTM)0.82
EY5.67%
EPS(NY)1
Fwd EY6.89%
FCF(TTM)0.46
FCFY3.21%
OCF(TTM)2.44
OCFY16.89%
SpS16.04
BVpS9.26
TBVpS9.26
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.17% | ||
| ROE | 0.95% | ||
| ROCE | 2.77% | ||
| ROIC | 2.25% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.77% | ||
| OM | 8.33% | ||
| PM (TTM) | 0.55% | ||
| GM | N/A | ||
| FCFM | 2.9% |
ROA(3y)-4.44%
ROA(5y)-2.09%
ROE(3y)-25.02%
ROE(5y)-11.32%
ROIC(3y)1.99%
ROIC(5y)1.95%
ROICexc(3y)2.09%
ROICexc(5y)2.03%
ROICexgc(3y)2.33%
ROICexgc(5y)2.25%
ROCE(3y)2.54%
ROCE(5y)2.47%
ROICexgc growth 3Y8.08%
ROICexgc growth 5Y3.01%
ROICexc growth 3Y6.51%
ROICexc growth 5Y2.51%
OM growth 3Y-17.69%
OM growth 5Y-9.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 36.77 | ||
| Debt/EBITDA | 5.8 | ||
| Cap/Depr | 134.96% | ||
| Cap/Sales | 12.32% | ||
| Interest Coverage | 4191.95 | ||
| Cash Conversion | 87.17% | ||
| Profit Quality | 525.51% | ||
| Current Ratio | 2.2 | ||
| Quick Ratio | 2.2 | ||
| Altman-Z | 0.58 |
F-Score6
WACC3.6%
ROIC/WACC0.62
Cap/Depr(3y)144.45%
Cap/Depr(5y)144.46%
Cap/Sales(3y)11.17%
Cap/Sales(5y)11.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-55.19%
EPS 3Y-11.55%
EPS 5Y-4.97%
EPS Q2Q%-58.7%
EPS Next Y-33.77%
EPS Next 2Y-19.85%
EPS Next 3Y-14.42%
EPS Next 5Y-8.98%
Revenue 1Y (TTM)-24.97%
Revenue growth 3Y4.15%
Revenue growth 5Y2.3%
Sales Q2Q%-15.75%
Revenue Next Year-1.71%
Revenue Next 2Y0.11%
Revenue Next 3Y0.85%
Revenue Next 5Y1.72%
EBIT growth 1Y-34.85%
EBIT growth 3Y-14.27%
EBIT growth 5Y-7.48%
EBIT Next Year50.64%
EBIT Next 3Y17.87%
EBIT Next 5Y12.29%
FCF growth 1Y-69.91%
FCF growth 3Y32.77%
FCF growth 5Y21.1%
OCF growth 1Y-41.22%
OCF growth 3Y9.07%
OCF growth 5Y-1%
HAWAIIAN ELECTRIC INDS / HE FAQ
What is the ChartMill fundamental rating of HAWAIIAN ELECTRIC INDS (HE) stock?
ChartMill assigns a fundamental rating of 3 / 10 to HE.
Can you provide the valuation status for HAWAIIAN ELECTRIC INDS?
ChartMill assigns a valuation rating of 4 / 10 to HAWAIIAN ELECTRIC INDS (HE). This can be considered as Fairly Valued.
Can you provide the profitability details for HAWAIIAN ELECTRIC INDS?
HAWAIIAN ELECTRIC INDS (HE) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for HE stock?
The Price/Earnings (PE) ratio for HAWAIIAN ELECTRIC INDS (HE) is 17.62 and the Price/Book (PB) ratio is 1.56.
How financially healthy is HAWAIIAN ELECTRIC INDS?
The financial health rating of HAWAIIAN ELECTRIC INDS (HE) is 4 / 10.