HIGHWOODS PROPERTIES INC (HIW) Fundamental Analysis & Valuation

NYSE:HIW • US4312841087

Current stock price

23.73 USD
-1.19 (-4.78%)
At close:
23.73 USD
0 (0%)
After Hours:

This HIW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. HIW Profitability Analysis

1.1 Basic Checks

  • In the past year HIW was profitable.
  • In the past year HIW had a positive cash flow from operations.
  • Each year in the past 5 years HIW has been profitable.
  • In the past 5 years HIW always reported a positive cash flow from operatings.
HIW Yearly Net Income VS EBIT VS OCF VS FCFHIW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M 500M

1.2 Ratios

  • HIW has a better Return On Assets (2.51%) than 66.94% of its industry peers.
  • The Return On Equity of HIW (6.61%) is better than 74.38% of its industry peers.
  • HIW has a Return On Invested Capital (2.76%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for HIW is in line with the industry average of 3.11%.
Industry RankSector Rank
ROA 2.51%
ROE 6.61%
ROIC 2.76%
ROA(3y)2.2%
ROA(5y)2.93%
ROE(3y)5.61%
ROE(5y)7.14%
ROIC(3y)2.92%
ROIC(5y)3.11%
HIW Yearly ROA, ROE, ROICHIW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • HIW has a better Profit Margin (19.51%) than 68.59% of its industry peers.
  • In the last couple of years the Profit Margin of HIW has declined.
  • HIW has a Operating Margin of 25.99%. This is comparable to the rest of the industry: HIW outperforms 55.37% of its industry peers.
  • HIW's Operating Margin has declined in the last couple of years.
  • HIW's Gross Margin of 67.58% is in line compared to the rest of the industry. HIW outperforms 50.41% of its industry peers.
  • HIW's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 25.99%
PM (TTM) 19.51%
GM 67.58%
OM growth 3Y-3.43%
OM growth 5Y-2.96%
PM growth 3Y1.07%
PM growth 5Y-16.06%
GM growth 3Y-0.53%
GM growth 5Y-0.28%
HIW Yearly Profit, Operating, Gross MarginsHIW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. HIW Health Analysis

2.1 Basic Checks

  • HIW has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, HIW has more shares outstanding
  • HIW has more shares outstanding than it did 5 years ago.
  • HIW has a worse debt/assets ratio than last year.
HIW Yearly Shares OutstandingHIW Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
HIW Yearly Total Debt VS Total AssetsHIW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.49, we must say that HIW is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.49, HIW perfoms like the industry average, outperforming 48.76% of the companies in the same industry.
  • HIW has a debt to FCF ratio of 11.48. This is a negative value and a sign of low solvency as HIW would need 11.48 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 11.48, HIW belongs to the top of the industry, outperforming 88.43% of the companies in the same industry.
  • A Debt/Equity ratio of 1.49 is on the high side and indicates that HIW has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.49, HIW is doing worse than 60.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 11.48
Altman-Z 0.49
ROIC/WACC0.43
WACC6.42%
HIW Yearly LT Debt VS Equity VS FCFHIW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • HIW has a Current Ratio of 1.48. This is a normal value and indicates that HIW is financially healthy and should not expect problems in meeting its short term obligations.
  • HIW's Current ratio of 1.48 is fine compared to the rest of the industry. HIW outperforms 72.73% of its industry peers.
  • HIW has a Quick Ratio of 1.39. This is a normal value and indicates that HIW is financially healthy and should not expect problems in meeting its short term obligations.
  • HIW has a Quick ratio of 1.39. This is in the better half of the industry: HIW outperforms 68.59% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.39
HIW Yearly Current Assets VS Current LiabilitesHIW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. HIW Growth Analysis

3.1 Past

  • The earnings per share for HIW have decreased strongly by -21.86% in the last year.
  • HIW shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.74% yearly.
  • Looking at the last year, HIW shows a decrease in Revenue. The Revenue has decreased by -2.39% in the last year.
  • Measured over the past years, HIW shows a small growth in Revenue. The Revenue has been growing by 1.81% on average per year.
EPS 1Y (TTM)-21.86%
EPS 3Y0.45%
EPS 5Y-14.74%
EPS Q2Q%-7.69%
Revenue 1Y (TTM)-2.39%
Revenue growth 3Y-0.92%
Revenue growth 5Y1.81%
Sales Q2Q%6.81%

3.2 Future

  • The Earnings Per Share is expected to decrease by -15.69% on average over the next years. This is quite bad
  • The Revenue is expected to grow by 4.07% on average over the next years.
EPS Next Y-56.46%
EPS Next 2Y-25.54%
EPS Next 3Y-15.69%
EPS Next 5YN/A
Revenue Next Year4.33%
Revenue Next 2Y3.96%
Revenue Next 3Y3.7%
Revenue Next 5Y4.07%

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 stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
HIW Yearly Revenue VS EstimatesHIW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 200M 400M 600M 800M 1B
HIW Yearly EPS VS EstimatesHIW Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

More info and screens

Find the best growth stocksShow best growing peers

4

4. HIW Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.59, which indicates a correct valuation of HIW.
  • Compared to the rest of the industry, the Price/Earnings ratio of HIW indicates a rather cheap valuation: HIW is cheaper than 89.26% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.54, HIW is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 28.54 indicates a quite expensive valuation of HIW.
  • Based on the Price/Forward Earnings ratio, HIW is valued a bit cheaper than 78.51% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.68, HIW is valued a bit more expensive.
Industry RankSector Rank
PE 16.59
Fwd PE 28.54
HIW Price Earnings VS Forward Price EarningsHIW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HIW indicates a somewhat cheap valuation: HIW is cheaper than 69.42% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, HIW is valued cheaply inside the industry as 95.04% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.45
EV/EBITDA 12.44
HIW Per share dataHIW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • A cheap valuation may be justified as HIW's earnings are expected to decrease with -15.69% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-25.54%
EPS Next 3Y-15.69%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. HIW Dividend Analysis

5.1 Amount

  • HIW has a Yearly Dividend Yield of 8.03%, which is a nice return.
  • HIW's Dividend Yield is rather good when compared to the industry average which is at 7.43. HIW pays more dividend than 83.47% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, HIW pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.03%

5.2 History

  • The dividend of HIW has a limited annual growth rate of 0.72%.
  • HIW has paid a dividend for at least 10 years, which is a reliable track record.
  • HIW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.72%
Div Incr Years0
Div Non Decr Years21
HIW Yearly Dividends per shareHIW Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • HIW pays out 139.32% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of HIW has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP139.32%
EPS Next 2Y-25.54%
EPS Next 3Y-15.69%
HIW Yearly Income VS Free CF VS DividendHIW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M 500M
HIW Dividend Payout.HIW Dividend Payout, showing the Payout Ratio.HIW Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

HIW Fundamentals: All Metrics, Ratios and Statistics

HIGHWOODS PROPERTIES INC

NYSE:HIW (4/29/2026, 8:20:44 PM)

After market: 23.73 0 (0%)

23.73

-1.19 (-4.78%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Industry Strength18.63
Industry Growth40.99
Earnings (Last)04-28
Earnings (Next)N/A
Inst Owners102.58%
Inst Owner Change0.5%
Ins Owners1.29%
Ins Owner Change10.62%
Market Cap2.62B
Revenue(TTM)806.11M
Net Income(TTM)157.25M
Analysts70
Price Target25.95 (9.36%)
Short Float %5.89%
Short Ratio4.63
Dividend
Industry RankSector Rank
Dividend Yield 8.03%
Yearly Dividend2.01
Dividend Growth(5Y)0.72%
DP139.32%
Div Incr Years0
Div Non Decr Years21
Ex-Date02-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.72%
Min EPS beat(2)-29.07%
Max EPS beat(2)48.51%
EPS beat(4)2
Avg EPS beat(4)82.13%
Min EPS beat(4)-29.07%
Max EPS beat(4)314.25%
EPS beat(8)5
Avg EPS beat(8)64.27%
EPS beat(12)8
Avg EPS beat(12)51.48%
EPS beat(16)10
Avg EPS beat(16)39.15%
Revenue beat(2)0
Avg Revenue beat(2)-3.03%
Min Revenue beat(2)-3.13%
Max Revenue beat(2)-2.94%
Revenue beat(4)0
Avg Revenue beat(4)-2.67%
Min Revenue beat(4)-3.13%
Max Revenue beat(4)-2.25%
Revenue beat(8)1
Avg Revenue beat(8)-1.53%
Revenue beat(12)1
Avg Revenue beat(12)-1.57%
Revenue beat(16)2
Avg Revenue beat(16)-1.28%
PT rev (1m)-7.63%
PT rev (3m)-13.66%
EPS NQ rev (1m)-15.38%
EPS NQ rev (3m)-47.62%
EPS NY rev (1m)0.52%
EPS NY rev (3m)-12.02%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)0.57%
Revenue NY rev (1m)-0.6%
Revenue NY rev (3m)-1.3%
Valuation
Industry RankSector Rank
PE 16.59
Fwd PE 28.54
P/S 3.25
P/FCF 8.45
P/OCF 7.28
P/B 1.1
P/tB 1.1
EV/EBITDA 12.44
EPS(TTM)1.43
EY6.03%
EPS(NY)0.83
Fwd EY3.5%
FCF(TTM)2.81
FCFY11.83%
OCF(TTM)3.26
OCFY13.73%
SpS7.31
BVpS21.58
TBVpS21.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number26.3479 (11.03%)
Profitability
Industry RankSector Rank
ROA 2.51%
ROE 6.61%
ROCE 3.49%
ROIC 2.76%
ROICexc 2.77%
ROICexgc 2.77%
OM 25.99%
PM (TTM) 19.51%
GM 67.58%
FCFM 38.39%
ROA(3y)2.2%
ROA(5y)2.93%
ROE(3y)5.61%
ROE(5y)7.14%
ROIC(3y)2.92%
ROIC(5y)3.11%
ROICexc(3y)2.94%
ROICexc(5y)3.12%
ROICexgc(3y)2.94%
ROICexgc(5y)3.12%
ROCE(3y)3.7%
ROCE(5y)3.94%
ROICexgc growth 3Y-5.47%
ROICexgc growth 5Y-5.79%
ROICexc growth 3Y-5.47%
ROICexc growth 5Y-5.79%
OM growth 3Y-3.43%
OM growth 5Y-2.96%
PM growth 3Y1.07%
PM growth 5Y-16.06%
GM growth 3Y-0.53%
GM growth 5Y-0.28%
F-Score6
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 11.48
Debt/EBITDA 7.05
Cap/Depr 16.86%
Cap/Sales 6.17%
Interest Coverage 1.45
Cash Conversion 71.21%
Profit Quality 196.8%
Current Ratio 1.48
Quick Ratio 1.39
Altman-Z 0.49
F-Score6
WACC6.42%
ROIC/WACC0.43
Cap/Depr(3y)21.58%
Cap/Depr(5y)46.7%
Cap/Sales(3y)7.8%
Cap/Sales(5y)16.24%
Profit Quality(3y)249.74%
Profit Quality(5y)185.4%
High Growth Momentum
Growth
EPS 1Y (TTM)-21.86%
EPS 3Y0.45%
EPS 5Y-14.74%
EPS Q2Q%-7.69%
EPS Next Y-56.46%
EPS Next 2Y-25.54%
EPS Next 3Y-15.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.39%
Revenue growth 3Y-0.92%
Revenue growth 5Y1.81%
Sales Q2Q%6.81%
Revenue Next Year4.33%
Revenue Next 2Y3.96%
Revenue Next 3Y3.7%
Revenue Next 5Y4.07%
EBIT growth 1Y-2%
EBIT growth 3Y-4.33%
EBIT growth 5Y-1.2%
EBIT Next Year150.29%
EBIT Next 3Y38.96%
EBIT Next 5Y27.63%
FCF growth 1Y-13.66%
FCF growth 3Y19.73%
FCF growth 5YN/A
OCF growth 1Y-11%
OCF growth 3Y-5.21%
OCF growth 5Y0.06%

HIGHWOODS PROPERTIES INC / HIW Fundamental Analysis FAQ

What is the fundamental rating for HIW stock?

ChartMill assigns a fundamental rating of 4 / 10 to HIW.


What is the valuation status of HIGHWOODS PROPERTIES INC (HIW) stock?

ChartMill assigns a valuation rating of 4 / 10 to HIGHWOODS PROPERTIES INC (HIW). This can be considered as Fairly Valued.


Can you provide the profitability details for HIGHWOODS PROPERTIES INC?

HIGHWOODS PROPERTIES INC (HIW) has a profitability rating of 5 / 10.


What is the financial health of HIGHWOODS PROPERTIES INC (HIW) stock?

The financial health rating of HIGHWOODS PROPERTIES INC (HIW) is 3 / 10.


Can you provide the expected EPS growth for HIW stock?

The Earnings per Share (EPS) of HIGHWOODS PROPERTIES INC (HIW) is expected to decline by -56.46% in the next year.