HNI CORP (HNI) Fundamental Analysis & Valuation

NYSE:HNI • US4042511000

Current stock price

37.7 USD
+0.49 (+1.32%)
At close:
37.7 USD
0 (0%)
After Hours:

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

6

1. HNI Profitability Analysis

1.1 Basic Checks

  • In the past year HNI was profitable.
  • HNI had a positive operating cash flow in the past year.
  • HNI had positive earnings in each of the past 5 years.
  • HNI had a positive operating cash flow in each of the past 5 years.
HNI Yearly Net Income VS EBIT VS OCF VS FCFHNI 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 50M 100M 150M 200M 250M

1.2 Ratios

  • HNI has a Return On Assets (1.11%) which is in line with its industry peers.
  • HNI has a better Return On Equity (2.95%) than 62.50% of its industry peers.
  • With a Return On Invested Capital value of 4.41%, HNI perfoms like the industry average, outperforming 58.75% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for HNI is in line with the industry average of 9.48%.
Industry RankSector Rank
ROA 1.11%
ROE 2.95%
ROIC 4.41%
ROA(3y)3.7%
ROA(5y)4.77%
ROE(3y)8.67%
ROE(5y)11.25%
ROIC(3y)7.81%
ROIC(5y)7.71%
HNI Yearly ROA, ROE, ROICHNI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • HNI has a Profit Margin of 1.91%. This is in the better half of the industry: HNI outperforms 63.75% of its industry peers.
  • In the last couple of years the Profit Margin of HNI has declined.
  • HNI's Operating Margin of 8.45% is fine compared to the rest of the industry. HNI outperforms 65.00% of its industry peers.
  • In the last couple of years the Operating Margin of HNI has grown nicely.
  • The Gross Margin of HNI (41.46%) is better than 67.50% of its industry peers.
  • In the last couple of years the Gross Margin of HNI has grown nicely.
Industry RankSector Rank
OM 8.45%
PM (TTM) 1.91%
GM 41.46%
OM growth 3Y18.66%
OM growth 5Y9.23%
PM growth 3Y-28.6%
PM growth 5Y-2.28%
GM growth 3Y5.14%
GM growth 5Y2.4%
HNI Yearly Profit, Operating, Gross MarginsHNI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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2

2. HNI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HNI is destroying value.
  • The number of shares outstanding for HNI has been increased compared to 1 year ago.
  • Compared to 5 years ago, HNI has more shares outstanding
  • Compared to 1 year ago, HNI has a worse debt to assets ratio.
HNI Yearly Shares OutstandingHNI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
HNI Yearly Total Debt VS Total AssetsHNI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 1.51, we must say that HNI is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 1.51, HNI is not doing good in the industry: 61.25% of the companies in the same industry are doing better.
  • HNI has a debt to FCF ratio of 6.26. This is a slightly negative value and a sign of low solvency as HNI would need 6.26 years to pay back of all of its debts.
  • The Debt to FCF ratio of HNI (6.26) is better than 72.50% of its industry peers.
  • A Debt/Equity ratio of 0.70 indicates that HNI is somewhat dependend on debt financing.
  • HNI has a Debt to Equity ratio (0.70) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 6.26
Altman-Z 1.51
ROIC/WACC0.55
WACC8.01%
HNI Yearly LT Debt VS Equity VS FCFHNI 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

  • A Current Ratio of 1.24 indicates that HNI should not have too much problems paying its short term obligations.
  • HNI has a Current ratio of 1.24. This is in the lower half of the industry: HNI underperforms 63.75% of its industry peers.
  • A Quick Ratio of 0.82 indicates that HNI may have some problems paying its short term obligations.
  • HNI's Quick ratio of 0.82 is on the low side compared to the rest of the industry. HNI is outperformed by 76.25% of its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 0.82
HNI Yearly Current Assets VS Current LiabilitesHNI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

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

7

3. HNI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.73% over the past year.
  • HNI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.35% yearly.
  • Looking at the last year, HNI shows a quite strong growth in Revenue. The Revenue has grown by 12.38% in the last year.
  • The Revenue has been growing slightly by 7.74% on average over the past years.
EPS 1Y (TTM)13.73%
EPS 3Y16.69%
EPS 5Y14.35%
EPS Q2Q%-4.6%
Revenue 1Y (TTM)12.38%
Revenue growth 3Y6.33%
Revenue growth 5Y7.74%
Sales Q2Q%38.27%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.83% on average over the next years. This is quite good.
  • Based on estimates for the next years, HNI will show a very strong growth in Revenue. The Revenue will grow by 23.24% on average per year.
EPS Next Y18.63%
EPS Next 2Y18.34%
EPS Next 3YN/A
EPS Next 5Y16.83%
Revenue Next Year129.13%
Revenue Next 2Y54.13%
Revenue Next 3YN/A
Revenue Next 5Y23.24%

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 accelerating.
HNI Yearly Revenue VS EstimatesHNI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2029 2030 2B 4B 6B
HNI Yearly EPS VS EstimatesHNI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2029 2030 2 4 6

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8

4. HNI Valuation Analysis

4.1 Price/Earnings Ratio

  • HNI is valuated reasonably with a Price/Earnings ratio of 10.83.
  • HNI's Price/Earnings ratio is rather cheap when compared to the industry. HNI is cheaper than 90.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.42, HNI is valued rather cheaply.
  • A Price/Forward Earnings ratio of 9.13 indicates a reasonable valuation of HNI.
  • Based on the Price/Forward Earnings ratio, HNI is valued cheaper than 91.25% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.29. HNI is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.83
Fwd PE 9.13
HNI Price Earnings VS Forward Price EarningsHNI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • HNI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HNI is cheaper than 67.50% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, HNI is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 13.02
EV/EBITDA 10.94
HNI Per share dataHNI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • HNI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • HNI has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as HNI's earnings are expected to grow with 18.34% in the coming years.
PEG (NY)0.58
PEG (5Y)0.75
EPS Next 2Y18.34%
EPS Next 3YN/A

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7

5. HNI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.65%, HNI has a reasonable but not impressive dividend return.
  • The stock price of HNI dropped by -20.77% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • HNI's Dividend Yield is rather good when compared to the industry average which is at 0.86. HNI pays more dividend than 90.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, HNI pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.65%

5.2 History

  • The dividend of HNI has a limited annual growth rate of 3.58%.
  • HNI has paid a dividend for at least 10 years, which is a reliable track record.
  • HNI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.58%
Div Incr Years15
Div Non Decr Years27
HNI Yearly Dividends per shareHNI 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

  • HNI pays out 116.64% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of HNI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.64%
EPS Next 2Y18.34%
EPS Next 3YN/A
HNI Yearly Income VS Free CF VS DividendHNI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
HNI Dividend Payout.HNI Dividend Payout, showing the Payout Ratio.HNI Dividend Payout.PayoutRetained Earnings

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HNI Fundamentals: All Metrics, Ratios and Statistics

HNI CORP

NYSE:HNI (4/24/2026, 8:04:00 PM)

After market: 37.7 0 (0%)

37.7

+0.49 (+1.32%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-25
Earnings (Next)05-06
Inst Owners82.12%
Inst Owner Change0%
Ins Owners1.14%
Ins Owner Change1.5%
Market Cap2.71B
Revenue(TTM)2.84B
Net Income(TTM)54.10M
Analysts80
Price Target73.44 (94.8%)
Short Float %3.24%
Short Ratio2.85
Dividend
Industry RankSector Rank
Dividend Yield 3.65%
Yearly Dividend1.35
Dividend Growth(5Y)3.58%
DP116.64%
Div Incr Years15
Div Non Decr Years27
Ex-Date03-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.86%
Min EPS beat(2)-9.69%
Max EPS beat(2)1.98%
EPS beat(4)3
Avg EPS beat(4)12.2%
Min EPS beat(4)-9.69%
Max EPS beat(4)28.39%
EPS beat(8)7
Avg EPS beat(8)24.8%
EPS beat(12)11
Avg EPS beat(12)78.95%
EPS beat(16)15
Avg EPS beat(16)67.56%
Revenue beat(2)1
Avg Revenue beat(2)10.76%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)23.29%
Revenue beat(4)3
Avg Revenue beat(4)6.5%
Min Revenue beat(4)-1.78%
Max Revenue beat(4)23.29%
Revenue beat(8)4
Avg Revenue beat(8)1.79%
Revenue beat(12)5
Avg Revenue beat(12)1.08%
Revenue beat(16)8
Avg Revenue beat(16)0.55%
PT rev (1m)1.77%
PT rev (3m)7.46%
EPS NQ rev (1m)-1.67%
EPS NQ rev (3m)-28.05%
EPS NY rev (1m)-0.79%
EPS NY rev (3m)0.68%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-1.61%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)0.74%
Valuation
Industry RankSector Rank
PE 10.83
Fwd PE 9.13
P/S 0.96
P/FCF 13.02
P/OCF 9.83
P/B 1.48
P/tB 20.41
EV/EBITDA 10.94
EPS(TTM)3.48
EY9.23%
EPS(NY)4.13
Fwd EY10.95%
FCF(TTM)2.89
FCFY7.68%
OCF(TTM)3.84
OCFY10.18%
SpS39.44
BVpS25.5
TBVpS1.85
PEG (NY)0.58
PEG (5Y)0.75
Graham Number44.6821 (18.52%)
Profitability
Industry RankSector Rank
ROA 1.11%
ROE 2.95%
ROCE 6.41%
ROIC 4.41%
ROICexc 4.68%
ROICexgc 9.04%
OM 8.45%
PM (TTM) 1.91%
GM 41.46%
FCFM 7.34%
ROA(3y)3.7%
ROA(5y)4.77%
ROE(3y)8.67%
ROE(5y)11.25%
ROIC(3y)7.81%
ROIC(5y)7.71%
ROICexc(3y)8.04%
ROICexc(5y)7.96%
ROICexgc(3y)14.93%
ROICexgc(5y)14.89%
ROCE(3y)11.35%
ROCE(5y)11.2%
ROICexgc growth 3Y-14.93%
ROICexgc growth 5Y-13.05%
ROICexc growth 3Y-17.14%
ROICexc growth 5Y-11.24%
OM growth 3Y18.66%
OM growth 5Y9.23%
PM growth 3Y-28.6%
PM growth 5Y-2.28%
GM growth 3Y5.14%
GM growth 5Y2.4%
F-Score6
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 6.26
Debt/EBITDA 3.7
Cap/Depr 63.31%
Cap/Sales 2.39%
Interest Coverage 9.49
Cash Conversion 79.57%
Profit Quality 385.21%
Current Ratio 1.24
Quick Ratio 0.82
Altman-Z 1.51
F-Score6
WACC8.01%
ROIC/WACC0.55
Cap/Depr(3y)65.24%
Cap/Depr(5y)71.4%
Cap/Sales(3y)2.58%
Cap/Sales(5y)2.73%
Profit Quality(3y)297.34%
Profit Quality(5y)202.26%
High Growth Momentum
Growth
EPS 1Y (TTM)13.73%
EPS 3Y16.69%
EPS 5Y14.35%
EPS Q2Q%-4.6%
EPS Next Y18.63%
EPS Next 2Y18.34%
EPS Next 3YN/A
EPS Next 5Y16.83%
Revenue 1Y (TTM)12.38%
Revenue growth 3Y6.33%
Revenue growth 5Y7.74%
Sales Q2Q%38.27%
Revenue Next Year129.13%
Revenue Next 2Y54.13%
Revenue Next 3YN/A
Revenue Next 5Y23.24%
EBIT growth 1Y10.19%
EBIT growth 3Y26.17%
EBIT growth 5Y17.69%
EBIT Next Year174.09%
EBIT Next 3YN/A
EBIT Next 5Y34.37%
FCF growth 1Y19.91%
FCF growth 3Y152.8%
FCF growth 5Y3.83%
OCF growth 1Y21.84%
OCF growth 3Y50.33%
OCF growth 5Y5.19%

HNI CORP / HNI Fundamental Analysis FAQ

What is the fundamental rating for HNI stock?

ChartMill assigns a fundamental rating of 5 / 10 to HNI.


Can you provide the valuation status for HNI CORP?

ChartMill assigns a valuation rating of 8 / 10 to HNI CORP (HNI). This can be considered as Undervalued.


How profitable is HNI CORP (HNI) stock?

HNI CORP (HNI) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for HNI stock?

The Earnings per Share (EPS) of HNI CORP (HNI) is expected to grow by 18.63% in the next year.


Can you provide the dividend sustainability for HNI stock?

The dividend rating of HNI CORP (HNI) is 7 / 10 and the dividend payout ratio is 116.64%.