HAWAIIAN ELECTRIC INDS (HE)
US4198701009 - Common Stock
We assign a fundamental rating of 3 out of 10 to HE. HE was compared to 47 industry peers in the Electric Utilities industry. Both the profitability and financial health of HE have multiple concerns. HE has a valuation in line with the averages, but on the other hand it scores bad on growth.
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 each of the past 5 years.
In the past 5 years HE always reported a positive cash flow from operatings.
1.2 Ratios
HE's Return On Assets of -6.82% is on the low side compared to the rest of the industry. HE is outperformed by 97.78% of its industry peers.
With a Return On Equity value of -103.92%, HE is not doing good in the industry: 97.78% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.82% | ||
| ROE | -103.92% | ||
| ROIC | N/A |
ROA(3y)1.4%
ROA(5y)1.42%
ROE(3y)9.77%
ROE(5y)9.41%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HE's Profit Margin has declined in the last couple of years.
HE's Operating Margin has declined in the last couple of years.
The Profit Margin and Operating Margin and Gross Margin are not available for HE so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3Y-7.44%
OM growth 5Y-3.85%
PM growth 3Y-10.97%
PM growth 5Y-5.17%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HE does not have a ROIC to compare to the WACC, probably because it is not profitable.
HE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, HE has more shares outstanding
HE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of -0.03, we must say that HE is in the distress zone and has some risk of bankruptcy.
HE has a worse Altman-Z score (-0.03) than 88.89% of its industry peers.
HE has a Debt/Equity ratio of 3.40. This is a high value indicating a heavy dependency on external financing.
HE has a Debt to Equity ratio of 3.40. This is amonst the worse of the industry: HE underperforms 97.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.4 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.03 |
ROIC/WACCN/A
WACC2.89%
2.3 Liquidity
HE has a Current Ratio of 1.14. This is a normal value and indicates that HE is financially healthy and should not expect problems in meeting its short term obligations.
HE has a better Current ratio (1.14) than 62.22% of its industry peers.
A Quick Ratio of 1.14 indicates that HE should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.14, HE is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The earnings per share for HE have decreased by -7.66% in the last year.
HE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.09% yearly.
The Revenue has decreased by -5.98% in the past year.
HE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.18% yearly.
EPS 1Y (TTM)-7.66%
EPS 3Y5.85%
EPS 5Y2.09%
EPS Q2Q%-12%
Revenue 1Y (TTM)-5.98%
Revenue growth 3Y12.59%
Revenue growth 5Y5.18%
Sales Q2Q%0.19%
3.2 Future
The Earnings Per Share is expected to grow by 3.08% on average over the next years.
HE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.25% yearly.
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
With a Price/Earnings ratio of 5.38, the valuation of HE can be described as very cheap.
95.56% of the companies in the same industry are more expensive than HE, based on the Price/Earnings ratio.
HE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 30.20.
A Price/Forward Earnings ratio of 7.75 indicates a rather cheap valuation of HE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HE indicates a rather cheap valuation: HE is cheaper than 84.44% of the companies listed in the same industry.
HE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.38 | ||
| Fwd PE | 7.75 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
HE's earnings are expected to decrease with -19.32% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.58
EPS Next 2Y-18.98%
EPS Next 3Y-19.32%
5. Dividend
5.1 Amount
HE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
HAWAIIAN ELECTRIC INDS
NYSE:HE (11/4/2024, 8:13:55 PM)
After market: 10.32 -0.06 (-0.58%)10.38
+0.16 (+1.57%)
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 Cap1.71B
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 | 5.38 | ||
| Fwd PE | 7.75 | ||
| 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)2.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -6.82% | ||
| ROE | -103.92% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| 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 | 3.4 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.14 | ||
| 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)-7.66%
EPS 3Y5.85%
EPS 5Y
EPS Q2Q%
EPS Next Y-14.42%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.98%
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