HAWAIIAN ELECTRIC INDS (HE) Stock Fundamental Analysis
USA - NYSE:HE - US4198701009 - Common Stock
11.65 USD
0 (0%)
11.6 USD
-0.05 (-0.43%)
Taking everything into account, HE scores 2 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 is valued correctly, 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.
Each year in the past 5 years HE had a positive operating cash flow.
1.2 Ratios
HE's Return On Assets of -1.44% is on the low side compared to the rest of the industry. HE is outperformed by 95.74% of its industry peers.
Looking at the Return On Equity, with a value of -7.64%, HE is doing worse than 95.74% of the companies in the same industry.
HE's Return On Invested Capital of 3.03% is on the low side compared to the rest of the industry. HE is outperformed by 76.60% of its industry peers.
HE had an Average Return On Invested Capital over the past 3 years of 1.99%. This is below the industry average of 5.02%.
The last Return On Invested Capital (3.03%) for HE is above the 3 year average (1.99%), which is a sign of increasing profitability.
| 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
HE has a worse Operating Margin (9.94%) than 87.23% of its industry peers.
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
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.
The number of shares outstanding for HE has been increased compared to 5 years ago.
HE has a worse debt/assets ratio than last year.
2.2 Solvency
HE has an Altman-Z score of 0.53. This is a bad value and indicates that HE is not financially healthy and even has some risk of bankruptcy.
HE's Altman-Z score of 0.53 is on the low side compared to the rest of the industry. HE is outperformed by 85.11% 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.
The Debt to FCF ratio of HE (16.51) is better than 78.72% of its industry peers.
A Debt/Equity ratio of 1.51 is on the high side and indicates that HE has dependencies on debt financing.
With a Debt to Equity ratio value of 1.51, HE perfoms like the industry average, outperforming 42.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 16.51 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.96
WACC3.14%
2.3 Liquidity
A Current Ratio of 1.15 indicates that HE should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.15, HE is in the better half of the industry, outperforming 78.72% of the companies in the same industry.
A Quick Ratio of 1.15 indicates that HE should not have too much problems paying its short term obligations.
HE has a better Quick ratio (1.15) than 82.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The earnings per share for HE have decreased strongly by -55.19% in the last year.
The Earnings Per Share has been decreasing by -4.97% on average over the past years.
HE shows a decrease in Revenue. In the last year, the revenue decreased by -2.06%.
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)-2.06%
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 very negative growth in Earnings Per Share. The EPS will decrease by -10.07% on average per year.
The Revenue is expected to grow by 1.62% on average over the next years.
EPS Next Y-34.21%
EPS Next 2Y-19.16%
EPS Next 3Y-14.62%
EPS Next 5Y-10.07%
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 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 14.21, which indicates a correct valuation of HE.
63.83% of the companies in the same industry are more expensive than HE, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.89. HE is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 11.50, the valuation of HE can be described as very reasonable.
Based on the Price/Forward Earnings ratio, HE is valued a bit cheaper than 76.60% of the companies in the same industry.
HE is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 11.5 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HE is valued a bit cheaper than 76.60% of the companies in the same industry.
80.85% 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 | 13.18 | ||
| EV/EBITDA | 7.92 |
4.3 Compensation for Growth
A cheap valuation may be justified as HE's earnings are expected to decrease with -14.62% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-19.16%
EPS Next 3Y-14.62%
5. Dividend
5.1 Amount
HE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
11.65
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners76.45%
Inst Owner Change0.97%
Ins Owners0.19%
Ins Owner Change9.05%
Market Cap2.01B
Revenue(TTM)3.22B
Net Income(TTM)-119.89M
Analysts42
Price Target11.35 (-2.58%)
Short Float %5.79%
Short Ratio5.42
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)2.3%
PT rev (3m)-6.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-313.37%
EPS NY rev (1m)-0.25%
EPS NY rev (3m)-1.94%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.21 | ||
| Fwd PE | 11.5 | ||
| P/S | 0.69 | ||
| P/FCF | 13.18 | ||
| P/OCF | 4.2 | ||
| P/B | 1.28 | ||
| P/tB | 1.28 | ||
| EV/EBITDA | 7.92 |
EPS(TTM)0.82
EY7.04%
EPS(NY)1.01
Fwd EY8.69%
FCF(TTM)0.88
FCFY7.59%
OCF(TTM)2.77
OCFY23.79%
SpS16.89
BVpS9.09
TBVpS9.09
PEG (NY)N/A
PEG (5Y)N/A
Graham Number12.95
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%
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-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 | 0.53 |
F-Score5
WACC3.14%
ROIC/WACC0.96
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-34.21%
EPS Next 2Y-19.16%
EPS Next 3Y-14.62%
EPS Next 5Y-10.07%
Revenue 1Y (TTM)-2.06%
Revenue growth 3Y4.15%
Revenue growth 5Y2.3%
Sales Q2Q%-15.75%
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 Year50.64%
EBIT Next 3Y17.87%
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%
HAWAIIAN ELECTRIC INDS / HE FAQ
What is the ChartMill fundamental rating of HAWAIIAN ELECTRIC INDS (HE) stock?
ChartMill assigns a fundamental rating of 2 / 10 to HE.
What is the valuation status for HE stock?
ChartMill assigns a valuation rating of 5 / 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.
What is the earnings growth outlook for HAWAIIAN ELECTRIC INDS?
The Earnings per Share (EPS) of HAWAIIAN ELECTRIC INDS (HE) is expected to decline by -34.21% in the next year.
How sustainable is the dividend of HAWAIIAN ELECTRIC INDS (HE) stock?
The dividend rating of HAWAIIAN ELECTRIC INDS (HE) is 0 / 10 and the dividend payout ratio is -1.58%.