HAWAIIAN ELECTRIC INDS (HE)
US4198701009 - Common Stock
HE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 47 industry peers in the Electric Utilities industry. HE may be in some trouble as it scores bad on both profitability and health. HE is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
HE had positive earnings in the past year.
HE had a positive operating cash flow in the past year.
In the past 5 years HE has always been profitable.
Each year in the past 5 years HE had a positive operating cash flow.
1.2 Ratios
The Return On Assets of HE (-7.38%) is worse than 97.78% of its industry peers.
HE has a worse Return On Equity (-81.24%) than 97.78% of its industry peers.
HE has a worse Return On Invested Capital (1.65%) than 91.11% of its industry peers.
HE had an Average Return On Invested Capital over the past 3 years of 1.90%. This is below the industry average of 4.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.38% | ||
| ROE | -81.24% | ||
| ROIC | 1.65% |
ROA(3y)1.4%
ROA(5y)1.42%
ROE(3y)9.77%
ROE(5y)9.41%
ROIC(3y)1.9%
ROIC(5y)1.93%
1.3 Margins
In the last couple of years the Profit Margin of HE has declined.
The Operating Margin of HE (9.59%) is worse than 86.67% of its industry peers.
HE's Operating Margin has declined in the last couple of years.
The Gross Margin of HE (9.59%) is worse than 84.44% of its industry peers.
HE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.59% | ||
| PM (TTM) | N/A | ||
| GM | 9.59% |
OM growth 3Y-7.44%
OM growth 5Y-3.85%
PM growth 3Y-10.97%
PM growth 5Y-5.17%
GM growth 3Y-7.44%
GM growth 5Y-3.85%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HE is destroying value.
The number of shares outstanding for HE has been increased compared to 1 year ago.
The number of shares outstanding for HE has been increased compared to 5 years ago.
The debt/assets ratio for HE is higher compared to a year ago.
2.2 Solvency
HE has an Altman-Z score of 0.36. This is a bad value and indicates that HE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.36, HE is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
The Debt to FCF ratio of HE is 60.53, which is on the high side as it means it would take HE, 60.53 years of fcf income to pay off all of its debts.
HE's Debt to FCF ratio of 60.53 is fine compared to the rest of the industry. HE outperforms 73.33% of its industry peers.
HE has a Debt/Equity ratio of 2.36. This is a high value indicating a heavy dependency on external financing.
HE's Debt to Equity ratio of 2.36 is on the low side compared to the rest of the industry. HE is outperformed by 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.36 | ||
| Debt/FCF | 60.53 | ||
| Altman-Z | 0.36 |
ROIC/WACC0.56
WACC2.95%
2.3 Liquidity
A Current Ratio of 1.84 indicates that HE should not have too much problems paying its short term obligations.
With an excellent Current ratio value of 1.84, HE belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
HE has a Quick Ratio of 1.84. This is a normal value and indicates that HE is financially healthy and should not expect problems in meeting its short term obligations.
HE's Quick ratio of 1.84 is amongst the best of the industry. HE outperforms 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.84 | ||
| Quick Ratio | 1.84 |
3. Growth
3.1 Past
The earnings per share for HE have decreased strongly by -12.02% in the last year.
The Earnings Per Share has been growing slightly by 2.09% on average over the past years.
The Revenue has decreased by -1.49% in the past year.
Measured over the past years, HE shows a small growth in Revenue. The Revenue has been growing by 5.18% on average per year.
EPS 1Y (TTM)-12.02%
EPS 3Y5.85%
EPS 5Y2.09%
EPS Q2Q%-17.86%
Revenue 1Y (TTM)-1.49%
Revenue growth 3Y12.59%
Revenue growth 5Y5.18%
Sales Q2Q%4.05%
3.2 Future
HE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.08% yearly.
The Revenue is expected to grow by 1.25% on average over the next years.
EPS Next Y-14.42%
EPS Next 2Y-18.98%
EPS Next 3Y-19.32%
EPS Next 5Y3.08%
Revenue Next Year-2.76%
Revenue Next 2Y-0.72%
Revenue Next 3Y-0.02%
Revenue Next 5Y1.25%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HE is valuated cheaply with a Price/Earnings ratio of 5.80.
HE's Price/Earnings ratio is rather cheap when compared to the industry. HE is cheaper than 84.44% of the companies in the same industry.
When comparing the Price/Earnings ratio of HE to the average of the S&P500 Index (29.20), we can say HE is valued rather cheaply.
A Price/Forward Earnings ratio of 7.92 indicates a rather cheap valuation of HE.
Based on the Price/Forward Earnings ratio, HE is valued cheaply inside the industry as 84.44% of the companies are valued more expensively.
HE is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.00, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.8 | ||
| Fwd PE | 7.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HE indicates a rather cheap valuation: HE is cheaper than 93.33% of the companies listed in the same industry.
80.00% of the companies in the same industry are more expensive than HE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.79 | ||
| EV/EBITDA | 6.14 |
4.3 Compensation for Growth
A cheap valuation may be justified as HE's earnings are expected to decrease with -19.32% in the coming years.
PEG (NY)N/A
PEG (5Y)2.78
EPS Next 2Y-18.98%
EPS Next 3Y-19.32%
5. Dividend
5.1 Amount
No dividends for HE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
HAWAIIAN ELECTRIC INDS
NYSE:HE (11/22/2024, 7:42:07 PM)
After market: 10.7 +0.09 (+0.85%)10.61
+0.11 (+1.05%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.74B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 5.8 | ||
| Fwd PE | 7.92 | ||
| 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)2.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -7.38% | ||
| ROE | -81.24% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.59% | ||
| PM (TTM) | N/A | ||
| GM | 9.59% | ||
| 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 Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.36 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.84 | ||
| Quick Ratio | 1.84 | ||
| 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)-12.02%
EPS 3Y5.85%
EPS 5Y
EPS Q2Q%
EPS Next Y-14.42%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.49%
Revenue growth 3Y12.59%
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