HENNESSY ADVISORS INC (HNNA)
US4258851009 - Common Stock
Overall HNNA gets a fundamental rating of 5 out of 10. We evaluated HNNA against 220 industry peers in the Capital Markets industry. HNNA has an excellent financial health rating, but there are some minor concerns on its profitability. HNNA has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
HNNA had positive earnings in the past year.
In the past year HNNA had a positive cash flow from operations.
In the past 5 years HNNA has always been profitable.
In the past 5 years HNNA always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of HNNA (4.09%) is better than 60.37% of its industry peers.
Looking at the Return On Equity, with a value of 6.78%, HNNA is in line with its industry, outperforming 41.01% of the companies in the same industry.
The Return On Invested Capital of HNNA (3.96%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for HNNA is in line with the industry average of 7.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 6.78% | ||
| ROIC | 3.96% |
ROA(3y)5.11%
ROA(5y)6.72%
ROE(3y)7.36%
ROE(5y)9.35%
ROIC(3y)5.72%
ROIC(5y)7.76%
1.3 Margins
HNNA has a Profit Margin of 22.52%. This is comparable to the rest of the industry: HNNA outperforms 59.91% of its industry peers.
HNNA's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 28.33%, HNNA perfoms like the industry average, outperforming 50.69% of the companies in the same industry.
HNNA's Operating Margin has declined in the last couple of years.
HNNA has a Gross Margin of 85.25%. This is amongst the best in the industry. HNNA outperforms 88.02% of its industry peers.
In the last couple of years the Gross Margin of HNNA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.33% | ||
| PM (TTM) | 22.52% | ||
| GM | 85.25% |
OM growth 3Y-8.03%
OM growth 5Y-10.07%
PM growth 3Y-5.42%
PM growth 5Y-12.06%
GM growth 3Y2.94%
GM growth 5Y0.85%
2. Health
2.1 Basic Checks
The number of shares outstanding for HNNA has been increased compared to 1 year ago.
HNNA has more shares outstanding than it did 5 years ago.
HNNA has a better debt/assets ratio than last year.
2.2 Solvency
HNNA has an Altman-Z score of 2.40. This is not the best score and indicates that HNNA is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of HNNA (2.40) is better than 74.19% of its industry peers.
The Debt to FCF ratio of HNNA is 5.66, which is a neutral value as it means it would take HNNA, 5.66 years of fcf income to pay off all of its debts.
HNNA has a Debt to FCF ratio of 5.66. This is in the better half of the industry: HNNA outperforms 62.67% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that HNNA is not too dependend on debt financing.
HNNA has a Debt to Equity ratio of 0.44. This is in the better half of the industry: HNNA outperforms 73.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.66 | ||
| Altman-Z | 2.4 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 17.39 indicates that HNNA has no problem at all paying its short term obligations.
HNNA has a better Current ratio (17.39) than 97.70% of its industry peers.
HNNA has a Quick Ratio of 17.39. This indicates that HNNA is financially healthy and has no problem in meeting its short term obligations.
HNNA has a better Quick ratio (17.39) than 97.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 17.39 | ||
| Quick Ratio | 17.39 |
3. Growth
3.1 Past
HNNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.17%, which is quite impressive.
HNNA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -24.80% yearly.
The Revenue has grown by 11.86% in the past year. This is quite good.
HNNA shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -15.14% yearly.
EPS 1Y (TTM)24.17%
EPS 3Y-16.04%
EPS 5Y-24.8%
EPS Q2Q%74.94%
Revenue 1Y (TTM)11.86%
Revenue growth 3Y-10.4%
Revenue growth 5Y-15.14%
Sales Q2Q%36.56%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.16, the valuation of HNNA can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as HNNA.
Compared to an average S&P500 Price/Earnings ratio of 27.73, HNNA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.16 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HNNA is valued cheaply inside the industry as 88.48% of the companies are valued more expensively.
HNNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HNNA is cheaper than 64.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.21 | ||
| EV/EBITDA | 8.6 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.65%, HNNA is a good candidate for dividend investing.
HNNA's Dividend Yield is comparable with the industry average which is at 9.45.
Compared to an average S&P500 Dividend Yield of 2.34, HNNA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
5.2 History
The dividend of HNNA has a limited annual growth rate of 3.18%.
HNNA has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of HNNA decreased in the last 3 years.
Dividend Growth(5Y)3.18%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
HNNA pays out 67.68% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of HNNA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP67.68%
EPS Next 2YN/A
EPS Next 3YN/A
HENNESSY ADVISORS INC
NASDAQ:HNNA (12/20/2024, 8:16:56 PM)
After market: 11.98 0 (0%)11.98
+0.14 (+1.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners10.38%
Inst Owner Change4.57%
Ins Owners38.05%
Ins Owner Change4.31%
Market Cap93.20M
Analysts82.86
Price Target212.47 (1673.54%)
Short Float %2.22%
Short Ratio8.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
Dividend Growth(5Y)3.18%
DP67.68%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.16 | ||
| Fwd PE | N/A | ||
| P/S | 3.39 | ||
| P/FCF | 13.21 | ||
| P/OCF | 11.05 | ||
| P/B | 1.02 | ||
| P/tB | 11.63 | ||
| EV/EBITDA | 8.6 |
EPS(TTM)0.79
EY6.59%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.91
FCFY7.57%
OCF(TTM)1.08
OCFY9.05%
SpS3.53
BVpS11.74
TBVpS1.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 6.78% | ||
| ROCE | 5.27% | ||
| ROIC | 3.96% | ||
| ROICexc | 6.9% | ||
| ROICexgc | 410% | ||
| OM | 28.33% | ||
| PM (TTM) | 22.52% | ||
| GM | 85.25% | ||
| FCFM | 25.67% |
ROA(3y)5.11%
ROA(5y)6.72%
ROE(3y)7.36%
ROE(5y)9.35%
ROIC(3y)5.72%
ROIC(5y)7.76%
ROICexc(3y)8.4%
ROICexc(5y)10.42%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.62%
ROCE(5y)10.34%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-18.05%
ROICexc growth 5Y-25.45%
OM growth 3Y-8.03%
OM growth 5Y-10.07%
PM growth 3Y-5.42%
PM growth 5Y-12.06%
GM growth 3Y2.94%
GM growth 5Y0.85%
F-Score8
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.66 | ||
| Debt/EBITDA | 4.96 | ||
| Cap/Depr | 534.12% | ||
| Cap/Sales | 5.02% | ||
| Interest Coverage | 3.91 | ||
| Cash Conversion | 104.86% | ||
| Profit Quality | 113.96% | ||
| Current Ratio | 17.39 | ||
| Quick Ratio | 17.39 | ||
| Altman-Z | 2.4 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)191.44%
Cap/Depr(5y)359.5%
Cap/Sales(3y)1.65%
Cap/Sales(5y)2.44%
Profit Quality(3y)132.35%
Profit Quality(5y)126.78%
High Growth Momentum
Growth
EPS 1Y (TTM)24.17%
EPS 3Y-16.04%
EPS 5Y-24.8%
EPS Q2Q%74.94%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.86%
Revenue growth 3Y-10.4%
Revenue growth 5Y-15.14%
Sales Q2Q%36.56%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y15.9%
EBIT growth 3Y-17.6%
EBIT growth 5Y-23.69%
EBIT Next Year99900%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-24.32%
FCF growth 3Y-13.45%
FCF growth 5Y-18.56%
OCF growth 1Y-11.72%
OCF growth 3Y-12.42%
OCF growth 5Y-19.82%