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HARBORONE BANCORP INC (HONE) Stock Fundamental Analysis

NASDAQ:HONE - Nasdaq - US41165Y1001 - Common Stock - Currency: USD

9.38  +0.07 (+0.75%)

After market: 9.38 0 (0%)

Fundamental Rating

4

Taking everything into account, HONE scores 4 out of 10 in our fundamental rating. HONE was compared to 398 industry peers in the Banks industry. The financial health of HONE is average, but there are quite some concerns on its profitability. HONE has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

HONE had positive earnings in the past year.
HONE had a positive operating cash flow in the past year.
Each year in the past 5 years HONE has been profitable.
HONE had a positive operating cash flow in 4 of the past 5 years.
HONE Yearly Net Income VS EBIT VS OCF VS FCFHONE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

1.2 Ratios

With a Return On Assets value of 0.48%, HONE is not doing good in the industry: 74.62% of the companies in the same industry are doing better.
HONE has a worse Return On Equity (4.77%) than 78.39% of its industry peers.
Industry RankSector Rank
ROA 0.48%
ROE 4.77%
ROIC N/A
ROA(3y)0.54%
ROA(5y)0.78%
ROE(3y)4.97%
ROE(5y)5.99%
ROIC(3y)N/A
ROIC(5y)N/A
HONE Yearly ROA, ROE, ROICHONE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

With a Profit Margin value of 15.88%, HONE is not doing good in the industry: 73.87% of the companies in the same industry are doing better.
HONE's Profit Margin has improved in the last couple of years.
HONE does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 15.88%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.27%
PM growth 5Y7.99%
GM growth 3YN/A
GM growth 5YN/A
HONE Yearly Profit, Operating, Gross MarginsHONE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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5

2. Health

2.1 Basic Checks

HONE does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HONE has less shares outstanding
The number of shares outstanding for HONE has been reduced compared to 5 years ago.
There is no outstanding debt for HONE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
HONE Yearly Shares OutstandingHONE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
HONE Yearly Total Debt VS Total AssetsHONE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

HONE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACCN/A
WACC15.7%
HONE Yearly LT Debt VS Equity VS FCFHONE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
HONE Yearly Current Assets VS Current LiabilitesHONE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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6

3. Growth

3.1 Past

HONE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.45%.
HONE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.63% yearly.
HONE shows a small growth in Revenue. In the last year, the Revenue has grown by 2.04%.
Measured over the past years, HONE shows a small growth in Revenue. The Revenue has been growing by 0.40% on average per year.
EPS 1Y (TTM)6.45%
EPS 3Y-16.41%
EPS 5Y16.63%
EPS Q2Q%133.33%
Revenue 1Y (TTM)2.04%
Revenue growth 3Y-9.41%
Revenue growth 5Y0.4%
Sales Q2Q%7.19%

3.2 Future

Based on estimates for the next years, HONE will show a very strong growth in Earnings Per Share. The EPS will grow by 24.94% on average per year.
HONE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.03% yearly.
EPS Next Y27.89%
EPS Next 2Y24.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.66%
Revenue Next 2Y8.03%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better 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.
HONE Yearly Revenue VS EstimatesHONE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
HONE Yearly EPS VS EstimatesHONE Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 14.21, HONE is valued correctly.
HONE's Price/Earnings ratio is a bit more expensive when compared to the industry. HONE is more expensive than 68.34% of the companies in the same industry.
HONE is valuated rather cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.11, which indicates a very decent valuation of HONE.
HONE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. HONE is more expensive than 61.56% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of HONE to the average of the S&P500 Index (21.08), we can say HONE is valued slightly cheaper.
Industry RankSector Rank
PE 14.21
Fwd PE 11.11
HONE Price Earnings VS Forward Price EarningsHONE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of HONE indicates a rather expensive valuation: HONE more expensive than 84.42% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 156.13
EV/EBITDA N/A
HONE Per share dataHONE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

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.
HONE's earnings are expected to grow with 24.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)0.85
EPS Next 2Y24.94%
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.84%, HONE has a reasonable but not impressive dividend return.
The stock price of HONE dropped by -21.31% 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.
Compared to an average industry Dividend Yield of 3.70, HONE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.52, HONE pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.84%

5.2 History

HONE has been paying a dividend for over 5 years, so it has already some track record.
HONE has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
HONE Yearly Dividends per shareHONE Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

47.83% of the earnings are spent on dividend by HONE. This is a bit on the high side, but may be sustainable.
DP47.83%
EPS Next 2Y24.94%
EPS Next 3YN/A
HONE Yearly Income VS Free CF VS DividendHONE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M
HONE Dividend Payout.HONE Dividend Payout, showing the Payout Ratio.HONE Dividend Payout.PayoutRetained Earnings

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HARBORONE BANCORP INC

NASDAQ:HONE (4/17/2025, 8:26:48 PM)

After market: 9.38 0 (0%)

9.38

+0.07 (+0.75%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-30 2025-01-30/bmo
Earnings (Next)04-24 2025-04-24/bmo
Inst Owners59.36%
Inst Owner Change0.05%
Ins Owners2.25%
Ins Owner Change4.69%
Market Cap406.25M
Analysts78
Price Target13.26 (41.36%)
Short Float %0.68%
Short Ratio1.43
Dividend
Industry RankSector Rank
Dividend Yield 3.84%
Yearly Dividend0.29
Dividend Growth(5Y)N/A
DP47.83%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-09 2025-04-09 (0.09)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-15.38%
Min EPS beat(2)-48.4%
Max EPS beat(2)17.65%
EPS beat(4)3
Avg EPS beat(4)5.55%
Min EPS beat(4)-48.4%
Max EPS beat(4)47.06%
EPS beat(8)5
Avg EPS beat(8)-1.41%
EPS beat(12)7
Avg EPS beat(12)2.6%
EPS beat(16)10
Avg EPS beat(16)2.67%
Revenue beat(2)0
Avg Revenue beat(2)-3.77%
Min Revenue beat(2)-4.74%
Max Revenue beat(2)-2.8%
Revenue beat(4)2
Avg Revenue beat(4)-1.15%
Min Revenue beat(4)-4.74%
Max Revenue beat(4)2.56%
Revenue beat(8)3
Avg Revenue beat(8)-0.59%
Revenue beat(12)7
Avg Revenue beat(12)13.52%
Revenue beat(16)11
Avg Revenue beat(16)28.53%
PT rev (1m)-7.14%
PT rev (3m)-7.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.16%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-2.45%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)-2.59%
Valuation
Industry RankSector Rank
PE 14.21
Fwd PE 11.11
P/S 2.35
P/FCF 156.13
P/OCF 105.79
P/B 0.71
P/tB 0.86
EV/EBITDA N/A
EPS(TTM)0.66
EY7.04%
EPS(NY)0.84
Fwd EY9%
FCF(TTM)0.06
FCFY0.64%
OCF(TTM)0.09
OCFY0.95%
SpS3.98
BVpS13.28
TBVpS10.87
PEG (NY)0.51
PEG (5Y)0.85
Profitability
Industry RankSector Rank
ROA 0.48%
ROE 4.77%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 15.88%
GM N/A
FCFM 1.51%
ROA(3y)0.54%
ROA(5y)0.78%
ROE(3y)4.97%
ROE(5y)5.99%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-14.27%
PM growth 5Y7.99%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr 27.56%
Cap/Sales 0.72%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 9.49%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC15.7%
ROIC/WACCN/A
Cap/Depr(3y)57.63%
Cap/Depr(5y)77.79%
Cap/Sales(3y)1.49%
Cap/Sales(5y)1.9%
Profit Quality(3y)153.5%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.45%
EPS 3Y-16.41%
EPS 5Y16.63%
EPS Q2Q%133.33%
EPS Next Y27.89%
EPS Next 2Y24.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.04%
Revenue growth 3Y-9.41%
Revenue growth 5Y0.4%
Sales Q2Q%7.19%
Revenue Next Year6.66%
Revenue Next 2Y8.03%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-94.69%
FCF growth 3Y-77.14%
FCF growth 5YN/A
OCF growth 1Y-92.82%
OCF growth 3Y-74.23%
OCF growth 5YN/A