HAWAIIAN ELECTRIC INDS (HE) Stock Fundamental Analysis
USA - NYSE:HE - US4198701009 - Common Stock
12.16 USD
+0.07 (+0.58%)
Taking everything into account, HE scores 3 out of 10 in our fundamental rating. HE was compared to 48 industry peers in the Electric Utilities industry. HE has a bad profitability rating. Also its financial health evaluation is rather negative. 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.
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
Looking at the Return On Assets, with a value of -1.44%, HE is doing worse than 95.83% of the companies in the same industry.
The Return On Equity of HE (-7.64%) is worse than 95.83% of its industry peers.
The Return On Invested Capital of HE (3.03%) is worse than 79.17% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HE is below the industry average of 5.43%.
The 3 year average ROIC (1.99%) for HE is below the current ROIC(3.03%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.44% | ||
| ROE | -7.64% | ||
| ROIC | 3.03% |
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 Operating Margin value of 9.94%, HE is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of HE has declined.
HE does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.94% | ||
| PM (TTM) | N/A | ||
| 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
HE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
Compared to 1 year ago, HE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.54, we must say that HE is in the distress zone and has some risk of bankruptcy.
HE has a worse Altman-Z score (0.54) than 85.42% of its industry peers.
HE has a debt to FCF ratio of 16.51. This is a negative value and a sign of low solvency as HE would need 16.51 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 16.51, HE is doing good in the industry, outperforming 77.08% of the companies in the same industry.
HE has a Debt/Equity ratio of 1.51. This is a high value indicating a heavy dependency on external financing.
HE has a Debt to Equity ratio (1.51) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 16.51 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.95
WACC3.19%
2.3 Liquidity
A Current Ratio of 1.15 indicates that HE should not have too much problems paying its short term obligations.
HE has a better Current ratio (1.15) than 70.83% of its industry peers.
A Quick Ratio of 1.15 indicates that HE should not have too much problems paying its short term obligations.
HE's Quick ratio of 1.15 is fine compared to the rest of the industry. HE outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
HE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -43.52%.
Measured over the past years, HE shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.97% on average per year.
The Revenue for HE has decreased by -20.18% in the past year. This is quite bad
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)-43.52%
EPS 3Y-11.55%
EPS 5Y-4.97%
EPS Q2Q%-54.55%
Revenue 1Y (TTM)-20.18%
Revenue growth 3Y4.15%
Revenue growth 5Y2.3%
Sales Q2Q%-16.82%
3.2 Future
Based on estimates for the next years, HE will show a decrease in Earnings Per Share. The EPS will decrease by -4.51% on average per year.
Based on estimates for the next years, HE will show a small growth in Revenue. The Revenue will grow by 1.62% on average per year.
EPS Next Y-34.05%
EPS Next 2Y-17.57%
EPS Next 3Y-11.73%
EPS Next 5Y-4.51%
Revenue Next Year-1.73%
Revenue Next 2Y0.16%
Revenue Next 3Y0.85%
Revenue Next 5Y1.62%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
HE is valuated reasonably with a Price/Earnings ratio of 11.16.
Compared to the rest of the industry, the Price/Earnings ratio of HE indicates a somewhat cheap valuation: HE is cheaper than 72.92% of the companies listed in the same industry.
HE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.20.
Based on the Price/Forward Earnings ratio of 11.55, the valuation of HE can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HE indicates a somewhat cheap valuation: HE is cheaper than 70.83% of the companies listed in the same industry.
HE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.71.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.16 | ||
| Fwd PE | 11.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HE is valued a bit cheaper than the industry average as 72.92% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, HE is valued a bit cheaper than the industry average as 79.17% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.76 | ||
| EV/EBITDA | 8.06 |
4.3 Compensation for Growth
HE's earnings are expected to decrease with -11.73% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-17.57%
EPS Next 3Y-11.73%
5. Dividend
5.1 Amount
HE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NYSE:HE (9/17/2025, 2:43:09 PM)
12.16
+0.07 (+0.58%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners80.59%
Inst Owner Change-3.13%
Ins Owners0.19%
Ins Owner Change9.05%
Market Cap2.10B
Analysts80
Price Target12.16 (0%)
Short Float %4.76%
Short Ratio4.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.01
Dividend Growth(5Y)-59.93%
DP-1.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.47%
Min EPS beat(2)-3.75%
Max EPS beat(2)6.69%
EPS beat(4)1
Avg EPS beat(4)-15.97%
Min EPS beat(4)-51.9%
Max EPS beat(4)6.69%
EPS beat(8)2
Avg EPS beat(8)-12.42%
EPS beat(12)3
Avg EPS beat(12)-10.16%
EPS beat(16)5
Avg EPS beat(16)-5.06%
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)0.35%
PT rev (3m)-2.22%
EPS NQ rev (1m)-313.37%
EPS NQ rev (3m)-176.95%
EPS NY rev (1m)-1.69%
EPS NY rev (3m)-1.69%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.91%
Revenue NY rev (3m)-8.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.16 | ||
| Fwd PE | 11.55 | ||
| P/S | 0.72 | ||
| P/FCF | 13.76 | ||
| P/OCF | 4.39 | ||
| P/B | 1.34 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | 8.06 |
EPS(TTM)1.09
EY8.96%
EPS(NY)1.05
Fwd EY8.66%
FCF(TTM)0.88
FCFY7.27%
OCF(TTM)2.77
OCFY22.79%
SpS16.89
BVpS9.09
TBVpS9.09
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.44% | ||
| ROE | -7.64% | ||
| ROCE | 3.76% | ||
| ROIC | 3.03% | ||
| ROICexc | 3.09% | ||
| ROICexgc | 3.56% | ||
| OM | 9.94% | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 5.23% |
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%
ROICexcg growth 3Y8.08%
ROICexcg 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-Score5
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 16.51 | ||
| Debt/EBITDA | 4.35 | ||
| Cap/Depr | 127.01% | ||
| Cap/Sales | 11.18% | ||
| Interest Coverage | 3815.3 | ||
| Cash Conversion | 87.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 0.54 |
F-Score5
WACC3.19%
ROIC/WACC0.95
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)-43.52%
EPS 3Y-11.55%
EPS 5Y-4.97%
EPS Q2Q%-54.55%
EPS Next Y-34.05%
EPS Next 2Y-17.57%
EPS Next 3Y-11.73%
EPS Next 5Y-4.51%
Revenue 1Y (TTM)-20.18%
Revenue growth 3Y4.15%
Revenue growth 5Y2.3%
Sales Q2Q%-16.82%
Revenue Next Year-1.73%
Revenue Next 2Y0.16%
Revenue Next 3Y0.85%
Revenue Next 5Y1.62%
EBIT growth 1Y-8.68%
EBIT growth 3Y-14.27%
EBIT growth 5Y-7.48%
EBIT Next Year46%
EBIT Next 3Y18.37%
EBIT Next 5Y12.29%
FCF growth 1Y-52.22%
FCF growth 3Y32.77%
FCF growth 5Y21.1%
OCF growth 1Y-36.33%
OCF growth 3Y9.07%
OCF growth 5Y-1%