HORACE MANN EDUCATORS (HMN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HMN - US4403271046 - Common Stock
46.18 USD
-0.25 (-0.54%)
46.18 USD
0 (0%)
HMN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 148 industry peers in the Insurance industry. HMN has a bad profitability rating. Also its financial health evaluation is rather negative. HMN is valued quite cheap, while showing a decent growth score. This is a good combination! Finally HMN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year HMN was profitable.
HMN had a positive operating cash flow in the past year.
HMN had positive earnings in 4 of the past 5 years.
HMN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HMN has a worse Return On Assets (1.06%) than 61.49% of its industry peers.
The Return On Equity of HMN (11.39%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.06% | ||
| ROE | 11.39% | ||
| ROIC | N/A |
ROA(3y)0.34%
ROA(5y)0.6%
ROE(3y)3.86%
ROE(5y)5.39%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HMN's Profit Margin of 9.79% is fine compared to the rest of the industry. HMN outperforms 61.49% of its industry peers.
In the last couple of years the Profit Margin of HMN has declined.
With a decent Operating Margin value of 14.25%, HMN is doing good in the industry, outperforming 60.14% of the companies in the same industry.
In the last couple of years the Operating Margin of HMN has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.25% | ||
| PM (TTM) | 9.79% | ||
| GM | N/A |
OM growth 3Y-12.94%
OM growth 5Y-12.98%
PM growth 3Y-15.29%
PM growth 5Y-12.85%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HMN does not have a ROIC to compare to the WACC, probably because it is not profitable.
HMN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, HMN has less shares outstanding
The debt/assets ratio for HMN has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of HMN is 1.37, which is an excellent value as it means it would take HMN, only 1.37 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 1.37, HMN is doing good in the industry, outperforming 61.49% of the companies in the same industry.
A Debt/Equity ratio of 0.58 indicates that HMN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.58, HMN is doing worse than 75.68% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for HMN, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 1.37 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.94%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 113.33% over the past year.
The Earnings Per Share has been growing slightly by 7.81% on average over the past years.
Looking at the last year, HMN shows a small growth in Revenue. The Revenue has grown by 5.66% in the last year.
Measured over the past years, HMN shows a small growth in Revenue. The Revenue has been growing by 2.09% on average per year.
EPS 1Y (TTM)113.33%
EPS 3Y-3.86%
EPS 5Y7.81%
EPS Q2Q%78.95%
Revenue 1Y (TTM)5.66%
Revenue growth 3Y5.8%
Revenue growth 5Y2.09%
Sales Q2Q%7.58%
3.2 Future
The Earnings Per Share is expected to grow by 17.97% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.08% on average over the next years.
EPS Next Y47.69%
EPS Next 2Y21.51%
EPS Next 3Y17.97%
EPS Next 5YN/A
Revenue Next Year5.98%
Revenue Next 2Y6.22%
Revenue Next 3Y5.08%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.02, which indicates a very decent valuation of HMN.
Based on the Price/Earnings ratio, HMN is valued a bit cheaper than the industry average as 70.27% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.51, HMN is valued rather cheaply.
A Price/Forward Earnings ratio of 9.80 indicates a reasonable valuation of HMN.
62.16% of the companies in the same industry are more expensive than HMN, based on the Price/Forward Earnings ratio.
HMN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 9.8 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HMN is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HMN indicates a rather cheap valuation: HMN is cheaper than 83.78% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.05 | ||
| EV/EBITDA | 10.05 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as HMN's earnings are expected to grow with 17.97% in the coming years.
PEG (NY)0.19
PEG (5Y)1.15
EPS Next 2Y21.51%
EPS Next 3Y17.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.00%, HMN has a reasonable but not impressive dividend return.
HMN's Dividend Yield is a higher than the industry average which is at 2.42.
HMN's Dividend Yield is a higher than the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
5.2 History
The dividend of HMN has a limited annual growth rate of 3.32%.
HMN has paid a dividend for at least 10 years, which is a reliable track record.
HMN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.32%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
34.55% 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.
DP34.55%
EPS Next 2Y21.51%
EPS Next 3Y17.97%
46.18
-0.25 (-0.54%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners103.11%
Inst Owner Change6.18%
Ins Owners1.22%
Ins Owner Change-2.25%
Market Cap1.88B
Revenue(TTM)1.68B
Net Income(TTM)164.10M
Analysts75
Price Target51.34 (11.17%)
Short Float %1.5%
Short Ratio2.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
Yearly Dividend1.36
Dividend Growth(5Y)3.32%
DP34.55%
Div Incr Years15
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)48.55%
Min EPS beat(2)21.01%
Max EPS beat(2)76.09%
EPS beat(4)4
Avg EPS beat(4)41.03%
Min EPS beat(4)9.22%
Max EPS beat(4)76.09%
EPS beat(8)7
Avg EPS beat(8)22.08%
EPS beat(12)10
Avg EPS beat(12)17.54%
EPS beat(16)12
Avg EPS beat(16)17.9%
Revenue beat(2)1
Avg Revenue beat(2)-1.6%
Min Revenue beat(2)-4.02%
Max Revenue beat(2)0.81%
Revenue beat(4)1
Avg Revenue beat(4)-2.07%
Min Revenue beat(4)-4.02%
Max Revenue beat(4)0.81%
Revenue beat(8)2
Avg Revenue beat(8)-1.91%
Revenue beat(12)2
Avg Revenue beat(12)-2.25%
Revenue beat(16)2
Avg Revenue beat(16)-2.17%
PT rev (1m)2.72%
PT rev (3m)2.72%
EPS NQ rev (1m)-5.34%
EPS NQ rev (3m)-8.56%
EPS NY rev (1m)3.81%
EPS NY rev (3m)5.58%
Revenue NQ rev (1m)0.51%
Revenue NQ rev (3m)2.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.02 | ||
| Fwd PE | 9.8 | ||
| P/S | 1.12 | ||
| P/FCF | 3.05 | ||
| P/OCF | 3.05 | ||
| P/B | 1.3 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 10.05 |
EPS(TTM)5.12
EY11.09%
EPS(NY)4.71
Fwd EY10.2%
FCF(TTM)15.16
FCFY32.83%
OCF(TTM)15.16
OCFY32.83%
SpS41.19
BVpS35.43
TBVpS30.53
PEG (NY)0.19
PEG (5Y)1.15
Graham Number63.89
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.06% | ||
| ROE | 11.39% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 14.25% | ||
| PM (TTM) | 9.79% | ||
| GM | N/A | ||
| FCFM | 36.81% |
ROA(3y)0.34%
ROA(5y)0.6%
ROE(3y)3.86%
ROE(5y)5.39%
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 3Y-12.94%
OM growth 5Y-12.98%
PM growth 3Y-15.29%
PM growth 5Y-12.85%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 1.37 | ||
| Debt/EBITDA | 3.17 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 6.58 | ||
| Cash Conversion | 231.79% | ||
| Profit Quality | 375.87% | ||
| 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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)113.33%
EPS 3Y-3.86%
EPS 5Y7.81%
EPS Q2Q%78.95%
EPS Next Y47.69%
EPS Next 2Y21.51%
EPS Next 3Y17.97%
EPS Next 5YN/A
Revenue 1Y (TTM)5.66%
Revenue growth 3Y5.8%
Revenue growth 5Y2.09%
Sales Q2Q%7.58%
Revenue Next Year5.98%
Revenue Next 2Y6.22%
Revenue Next 3Y5.08%
Revenue Next 5YN/A
EBIT growth 1Y54.5%
EBIT growth 3Y-7.88%
EBIT growth 5Y-11.16%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y141.98%
FCF growth 3Y30.19%
FCF growth 5Y28.79%
OCF growth 1Y141.98%
OCF growth 3Y30.19%
OCF growth 5Y28.79%
HORACE MANN EDUCATORS / HMN 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 7 / 10 to HORACE MANN EDUCATORS (HMN). This can be considered as Undervalued.
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 9.02 and the Price/Book (PB) ratio is 1.3.
What is the earnings growth outlook for HORACE MANN EDUCATORS?
The Earnings per Share (EPS) of HORACE MANN EDUCATORS (HMN) is expected to grow by 47.69% in the next year.