HORACE MANN EDUCATORS (HMN) Fundamental Analysis & Valuation

NYSE:HMN • US4403271046

Current stock price

42.3 USD
-0.57 (-1.33%)
At close:
42.3 USD
0 (0%)
After Hours:

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

3

1. HMN Profitability Analysis

1.1 Basic Checks

  • In the past year HMN was profitable.
  • HMN had a positive operating cash flow in the past year.
  • Of the past 5 years HMN 4 years were profitable.
  • HMN had a positive operating cash flow in each of the past 5 years.
HMN Yearly Net Income VS EBIT VS OCF VS FCFHMN 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

  • HMN has a worse Return On Assets (1.06%) than 61.90% of its industry peers.
  • HMN has a Return On Equity (10.93%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA 1.06%
ROE 10.93%
ROIC N/A
ROA(3y)0.7%
ROA(5y)0.61%
ROE(3y)7.58%
ROE(5y)6.08%
ROIC(3y)N/A
ROIC(5y)N/A
HMN Yearly ROA, ROE, ROICHMN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8 10

1.3 Margins

  • With a Profit Margin value of 9.48%, HMN perfoms like the industry average, outperforming 58.50% of the companies in the same industry.
  • In the last couple of years the Profit Margin of HMN has remained more or less at the same level.
  • HMN has a Operating Margin (14.40%) which is comparable to the rest of the industry.
  • HMN's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.4%
PM (TTM) 9.48%
GM N/A
OM growth 3Y105.86%
OM growth 5Y-0.07%
PM growth 3YN/A
PM growth 5Y-1.32%
GM growth 3YN/A
GM growth 5YN/A
HMN Yearly Profit, Operating, Gross MarginsHMN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

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3

2. HMN Health Analysis

2.1 Basic Checks

  • HMN does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, HMN has less shares outstanding
  • The number of shares outstanding for HMN has been reduced compared to 5 years ago.
  • The debt/assets ratio for HMN is higher compared to a year ago.
HMN Yearly Shares OutstandingHMN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
HMN Yearly Total Debt VS Total AssetsHMN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • HMN has a debt to FCF ratio of 1.07. This is a very positive value and a sign of high solvency as it would only need 1.07 years to pay back of all of its debts.
  • HMN's Debt to FCF ratio of 1.07 is fine compared to the rest of the industry. HMN outperforms 64.63% of its industry peers.
  • A Debt/Equity ratio of 0.40 indicates that HMN is not too dependend on debt financing.
  • HMN's Debt to Equity ratio of 0.40 is on the low side compared to the rest of the industry. HMN is outperformed by 61.90% of its industry peers.
  • Although HMN's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.07
Altman-Z N/A
ROIC/WACCN/A
WACC7.94%
HMN Yearly LT Debt VS Equity VS FCFHMN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
HMN Yearly Current Assets VS Current LiabilitesHMN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 5M 10M 15M

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

4

3. HMN Growth Analysis

3.1 Past

  • HMN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 47.34%, which is quite impressive.
  • Measured over the past 5 years, HMN shows a small growth in Earnings Per Share. The EPS has been growing by 6.69% on average per year.
  • The Revenue has been growing slightly by 7.59% in the past year.
  • The Revenue has been growing slightly by 5.38% on average over the past years.
EPS 1Y (TTM)47.34%
EPS 3Y62.76%
EPS 5Y6.69%
EPS Q2Q%-25.77%
Revenue 1Y (TTM)7.59%
Revenue growth 3Y7.06%
Revenue growth 5Y5.38%
Sales Q2Q%6.31%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.25% on average over the next years.
  • Based on estimates for the next years, HMN will show a small growth in Revenue. The Revenue will grow by 5.58% on average per year.
EPS Next Y-1.79%
EPS Next 2Y4.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.52%
Revenue Next 2Y5.58%
Revenue Next 3YN/A
Revenue Next 5YN/A

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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
HMN Yearly Revenue VS EstimatesHMN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
HMN Yearly EPS VS EstimatesHMN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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5

4. HMN Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 9.00 indicates a reasonable valuation of HMN.
  • HMN's Price/Earnings ratio is a bit cheaper when compared to the industry. HMN is cheaper than 61.90% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HMN to the average of the S&P500 Index (24.89), we can say HMN is valued rather cheaply.
  • A Price/Forward Earnings ratio of 9.16 indicates a reasonable valuation of HMN.
  • HMN's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. HMN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9
Fwd PE 9.16
HMN Price Earnings VS Forward Price EarningsHMN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • HMN's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 78.91% of the companies in the same industry are more expensive than HMN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 3.09
EV/EBITDA 8.34
HMN Per share dataHMN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.35
EPS Next 2Y4.25%
EPS Next 3YN/A

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

8

5. HMN Dividend Analysis

5.1 Amount

  • HMN has a Yearly Dividend Yield of 3.36%.
  • Compared to an average industry Dividend Yield of 2.50, HMN pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, HMN pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.36%

5.2 History

  • The dividend of HMN has a limited annual growth rate of 2.98%.
  • HMN has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HMN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.98%
Div Incr Years15
Div Non Decr Years15
HMN Yearly Dividends per shareHMN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 35.23% of the earnings are spent on dividend by HMN. This is a low number and sustainable payout ratio.
  • HMN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP35.23%
EPS Next 2Y4.25%
EPS Next 3YN/A
HMN Yearly Income VS Free CF VS DividendHMN 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
HMN Dividend Payout.HMN Dividend Payout, showing the Payout Ratio.HMN Dividend Payout.PayoutRetained Earnings

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HMN Fundamentals: All Metrics, Ratios and Statistics

HORACE MANN EDUCATORS

NYSE:HMN (3/27/2026, 8:23:41 PM)

After market: 42.3 0 (0%)

42.3

-0.57 (-1.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners101.94%
Inst Owner Change-0.29%
Ins Owners1.2%
Ins Owner Change6.87%
Market Cap1.71B
Revenue(TTM)1.71B
Net Income(TTM)162.10M
Analysts75
Price Target50.32 (18.96%)
Short Float %1.69%
Short Ratio2.68
Dividend
Industry RankSector Rank
Dividend Yield 3.36%
Yearly Dividend1.4
Dividend Growth(5Y)2.98%
DP35.23%
Div Incr Years15
Div Non Decr Years15
Ex-Date03-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.38%
Min EPS beat(2)1.74%
Max EPS beat(2)21.01%
EPS beat(4)4
Avg EPS beat(4)27.02%
Min EPS beat(4)1.74%
Max EPS beat(4)76.09%
EPS beat(8)7
Avg EPS beat(8)18.95%
EPS beat(12)11
Avg EPS beat(12)18.32%
EPS beat(16)12
Avg EPS beat(16)16.26%
Revenue beat(2)1
Avg Revenue beat(2)-0.68%
Min Revenue beat(2)-2.17%
Max Revenue beat(2)0.81%
Revenue beat(4)1
Avg Revenue beat(4)-1.81%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)0.81%
Revenue beat(8)1
Avg Revenue beat(8)-2.36%
Revenue beat(12)2
Avg Revenue beat(12)-2.35%
Revenue beat(16)2
Avg Revenue beat(16)-2.28%
PT rev (1m)0%
PT rev (3m)-1.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.98%
EPS NY rev (1m)-2.4%
EPS NY rev (3m)-2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.05%
Valuation
Industry RankSector Rank
PE 9
Fwd PE 9.16
P/S 1
P/FCF 3.09
P/OCF 3.09
P/B 1.15
P/tB 1.33
EV/EBITDA 8.34
EPS(TTM)4.7
EY11.11%
EPS(NY)4.62
Fwd EY10.91%
FCF(TTM)13.68
FCFY32.33%
OCF(TTM)13.68
OCFY32.33%
SpS42.27
BVpS36.66
TBVpS31.81
PEG (NY)N/A
PEG (5Y)1.35
Graham Number62.26
Profitability
Industry RankSector Rank
ROA 1.06%
ROE 10.93%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 14.4%
PM (TTM) 9.48%
GM N/A
FCFM 32.35%
ROA(3y)0.7%
ROA(5y)0.61%
ROE(3y)7.58%
ROE(5y)6.08%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y105.86%
OM growth 5Y-0.07%
PM growth 3YN/A
PM growth 5Y-1.32%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.07
Debt/EBITDA 2.17
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 7.65
Cash Conversion 202.42%
Profit Quality 341.27%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC7.94%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)484.13%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)47.34%
EPS 3Y62.76%
EPS 5Y6.69%
EPS Q2Q%-25.77%
EPS Next Y-1.79%
EPS Next 2Y4.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.59%
Revenue growth 3Y7.06%
Revenue growth 5Y5.38%
Sales Q2Q%6.31%
Revenue Next Year6.52%
Revenue Next 2Y5.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y58.12%
EBIT growth 3Y120.39%
EBIT growth 5Y5.31%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y22.36%
FCF growth 3Y47.75%
FCF growth 5Y16.32%
OCF growth 1Y22.36%
OCF growth 3Y47.75%
OCF growth 5Y16.32%

HORACE MANN EDUCATORS / HMN Fundamental Analysis FAQ

What is the ChartMill fundamental rating of HORACE MANN EDUCATORS (HMN) stock?

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


What is the valuation status of HORACE MANN EDUCATORS (HMN) stock?

ChartMill assigns a valuation rating of 5 / 10 to HORACE MANN EDUCATORS (HMN). This can be considered as Fairly Valued.


What is the profitability of HMN stock?

HORACE MANN EDUCATORS (HMN) has a profitability rating of 3 / 10.


What are the PE and PB ratios of HORACE MANN EDUCATORS (HMN) stock?

The Price/Earnings (PE) ratio for HORACE MANN EDUCATORS (HMN) is 9 and the Price/Book (PB) ratio is 1.15.


What is the earnings growth outlook for HORACE MANN EDUCATORS?

The Earnings per Share (EPS) of HORACE MANN EDUCATORS (HMN) is expected to decline by -1.79% in the next year.