HAWAIIAN ELECTRIC INDS (HE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HE - US4198701009 - Common Stock
14.09 USD
-0.36 (-2.49%)
14.2544 USD
+0.16 (+1.17%)
Taking everything into account, HE scores 3 out of 10 in our fundamental rating. HE was compared to 46 industry peers in the Electric Utilities industry. The financial health of HE is average, but there are quite some concerns on its profitability. HE has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year HE was profitable.
- HE had a positive operating cash flow in the past year.
- HE had positive earnings in 4 of the past 5 years.
- Each year in the past 5 years HE had a positive operating cash flow.
1.2 Ratios
- HE has a Return On Assets of 0.17%. This is amonst the worse of the industry: HE underperforms 93.48% of its industry peers.
- Looking at the Return On Equity, with a value of 0.95%, HE is doing worse than 93.48% of the companies in the same industry.
- The Return On Invested Capital of HE (2.25%) is worse than 86.96% of its industry peers.
- The Average Return On Invested Capital over the past 3 years 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
- With a Profit Margin value of 0.55%, HE is not doing good in the industry: 91.30% of the companies in the same industry are doing better.
- With a Operating Margin value of 8.33%, HE is not doing good in the industry: 84.78% of the companies in the same industry are doing better.
- In the last couple of years the Operating Margin of HE has declined.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HE is destroying value.
- Compared to 1 year ago, HE has more shares outstanding
- 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
- Based on the Altman-Z score of 0.57, we must say that HE is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of HE (0.57) is worse than 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.
- With a decent Debt to FCF ratio value of 36.77, HE is doing good in the industry, outperforming 78.26% of the companies in the same industry.
- A Debt/Equity ratio of 1.76 is on the high side and indicates that HE has dependencies on debt financing.
- HE has a Debt to Equity ratio of 1.76. This is in the lower half of the industry: HE underperforms 67.39% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.76 | ||
| Debt/FCF | 36.77 | ||
| Altman-Z | 0.57 |
ROIC/WACC0.63
WACC3.58%
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.
- A Quick Ratio of 2.20 indicates that HE has no problem at all paying its short term obligations.
- With an excellent Quick ratio value of 2.20, HE belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
| 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.
- HE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.30% yearly.
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
- Based on estimates for the next years, HE will show a decrease in Earnings Per Share. The EPS will decrease by -8.98% on average per year.
- HE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.72% yearly.
EPS Next Y-33.77%
EPS Next 2Y-20.83%
EPS Next 3Y-15.13%
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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 17.18 indicates a rather expensive valuation of HE.
- HE's Price/Earnings ratio is in line with the industry average.
- HE is valuated rather cheaply when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 14.50, which indicates a correct valuation of HE.
- 65.22% of the companies in the same industry are more expensive than HE, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 23.94. HE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.18 | ||
| Fwd PE | 14.5 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HE indicates a somewhat cheap valuation: HE is cheaper than 63.04% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of HE indicates a rather cheap valuation: HE is cheaper than 82.61% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.33 | ||
| EV/EBITDA | 10 |
4.3 Compensation for Growth
- A cheap valuation may be justified as HE's earnings are expected to decrease with -15.13% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-20.83%
EPS Next 3Y-15.13%
5. Dividend
5.1 Amount
- No dividends for HE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
14.09
-0.36 (-2.49%)
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 Change0.69%
Ins Owners0.19%
Ins Owner Change-1.81%
Market Cap2.43B
Revenue(TTM)2.77B
Net Income(TTM)15.26M
Analysts42
Price Target11.99 (-14.9%)
Short Float %11.31%
Short Ratio4.94
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)6.82%
PT rev (3m)8.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-36.56%
EPS NY rev (1m)0%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.18 | ||
| Fwd PE | 14.5 | ||
| P/S | 0.88 | ||
| P/FCF | 30.33 | ||
| P/OCF | 5.77 | ||
| P/B | 1.52 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 10 |
EPS(TTM)0.82
EY5.82%
EPS(NY)0.97
Fwd EY6.9%
FCF(TTM)0.46
FCFY3.3%
OCF(TTM)2.44
OCFY17.32%
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 | 0.57 |
F-Score6
WACC3.58%
ROIC/WACC0.63
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-20.83%
EPS Next 3Y-15.13%
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 17.18 and the Price/Book (PB) ratio is 1.52.
How financially healthy is HAWAIIAN ELECTRIC INDS?
The financial health rating of HAWAIIAN ELECTRIC INDS (HE) is 4 / 10.