HAVERTY FURNITURE (HVT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HVT - US4195961010 - Common Stock
23.72 USD
-0.38 (-1.58%)
23.72 USD
0 (0%)
HVT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 123 industry peers in the Specialty Retail industry. HVT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HVT may be a bit undervalued, certainly considering the very reasonable score on growth HVT also has an excellent dividend rating. These ratings could make HVT a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
In the past year HVT was profitable.
In the past year HVT had a positive cash flow from operations.
HVT had positive earnings in each of the past 5 years.
Each year in the past 5 years HVT had a positive operating cash flow.
1.2 Ratios
HVT has a Return On Assets of 2.98%. This is in the better half of the industry: HVT outperforms 60.16% of its industry peers.
HVT has a better Return On Equity (6.34%) than 61.79% of its industry peers.
With a Return On Invested Capital value of 3.07%, HVT perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HVT is in line with the industry average of 12.14%.
The 3 year average ROIC (10.44%) for HVT is well above the current ROIC(3.07%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 6.34% | ||
| ROIC | 3.07% |
ROA(3y)8.49%
ROA(5y)9.48%
ROE(3y)18.55%
ROE(5y)22.89%
ROIC(3y)10.44%
ROIC(5y)12.56%
1.3 Margins
Looking at the Profit Margin, with a value of 2.62%, HVT is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
HVT's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 2.74%, HVT perfoms like the industry average, outperforming 53.66% of the companies in the same industry.
HVT's Operating Margin has declined in the last couple of years.
The Gross Margin of HVT (61.05%) is better than 89.43% of its industry peers.
In the last couple of years the Gross Margin of HVT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.74% | ||
| PM (TTM) | 2.62% | ||
| GM | 61.05% |
OM growth 3Y-38.05%
OM growth 5Y-4.06%
PM growth 3Y-32.47%
PM growth 5Y0.23%
GM growth 3Y2.3%
GM growth 5Y2.32%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), HVT is creating some value.
HVT has more shares outstanding than it did 1 year ago.
HVT has less shares outstanding than it did 5 years ago.
There is no outstanding debt for HVT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 3.01 indicates that HVT is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.01, HVT is doing good in the industry, outperforming 70.73% of the companies in the same industry.
There is no outstanding debt for HVT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.01 |
ROIC/WACC0.32
WACC9.61%
2.3 Liquidity
HVT has a Current Ratio of 1.75. This is a normal value and indicates that HVT is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.75, HVT is doing good in the industry, outperforming 73.98% of the companies in the same industry.
A Quick Ratio of 1.11 indicates that HVT should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.11, HVT is doing good in the industry, outperforming 76.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
HVT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.04%.
Measured over the past 5 years, HVT shows a small growth in Earnings Per Share. The EPS has been growing by 0.17% on average per year.
Looking at the last year, HVT shows a decrease in Revenue. The Revenue has decreased by -1.05% in the last year.
The Revenue has been decreasing by -2.06% on average over the past years.
EPS 1Y (TTM)-27.04%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%0%
Revenue 1Y (TTM)-1.05%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%10.57%
3.2 Future
Based on estimates for the next years, HVT will show a very strong growth in Earnings Per Share. The EPS will grow by 39.77% on average per year.
HVT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.19% yearly.
EPS Next Y-0.28%
EPS Next 2Y35.34%
EPS Next 3Y39.77%
EPS Next 5YN/A
Revenue Next Year5.04%
Revenue Next 2Y6.57%
Revenue Next 3Y7.19%
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
With a Price/Earnings ratio of 20.45, HVT is valued on the expensive side.
73.17% of the companies in the same industry are more expensive than HVT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of HVT to the average of the S&P500 Index (26.84), we can say HVT is valued slightly cheaper.
A Price/Forward Earnings ratio of 10.97 indicates a reasonable valuation of HVT.
84.55% of the companies in the same industry are more expensive than HVT, based on the Price/Forward Earnings ratio.
HVT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.45 | ||
| Fwd PE | 10.97 |
4.2 Price Multiples
79.67% of the companies in the same industry are more expensive than HVT, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, HVT is valued cheaply inside the industry as 86.99% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.86 | ||
| EV/EBITDA | 5.95 |
4.3 Compensation for Growth
The decent profitability rating of HVT may justify a higher PE ratio.
A more expensive valuation may be justified as HVT's earnings are expected to grow with 39.77% in the coming years.
PEG (NY)N/A
PEG (5Y)120.03
EPS Next 2Y35.34%
EPS Next 3Y39.77%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.56%, HVT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.01, HVT pays a better dividend. On top of this HVT pays more dividend than 93.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, HVT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
5.2 History
The dividend of HVT is nicely growing with an annual growth rate of 10.67%!
HVT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.67%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
HVT pays out 106.78% of its income as dividend. This is not a sustainable payout ratio.
HVT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP106.78%
EPS Next 2Y35.34%
EPS Next 3Y39.77%
23.72
-0.38 (-1.58%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners85.82%
Inst Owner Change-0.32%
Ins Owners10.52%
Ins Owner Change-3.55%
Market Cap385.92M
Revenue(TTM)741.43M
Net Income(TTM)19.39M
Analysts80
Price Target30.6 (29.01%)
Short Float %4.99%
Short Ratio5.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
Yearly Dividend1.27
Dividend Growth(5Y)10.67%
DP106.78%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.38%
Min EPS beat(2)9.25%
Max EPS beat(2)15.51%
EPS beat(4)4
Avg EPS beat(4)77.71%
Min EPS beat(4)9.25%
Max EPS beat(4)223.43%
EPS beat(8)5
Avg EPS beat(8)31.82%
EPS beat(12)7
Avg EPS beat(12)20.81%
EPS beat(16)11
Avg EPS beat(16)26.37%
Revenue beat(2)2
Avg Revenue beat(2)1.8%
Min Revenue beat(2)1.32%
Max Revenue beat(2)2.28%
Revenue beat(4)4
Avg Revenue beat(4)1.56%
Min Revenue beat(4)1.16%
Max Revenue beat(4)2.28%
Revenue beat(8)4
Avg Revenue beat(8)-3.26%
Revenue beat(12)5
Avg Revenue beat(12)-3.31%
Revenue beat(16)9
Avg Revenue beat(16)-1.26%
PT rev (1m)0%
PT rev (3m)3.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2%
EPS NY rev (1m)3.56%
EPS NY rev (3m)3.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.45 | ||
| Fwd PE | 10.97 | ||
| P/S | 0.52 | ||
| P/FCF | 9.86 | ||
| P/OCF | 6.2 | ||
| P/B | 1.26 | ||
| P/tB | 1.26 | ||
| EV/EBITDA | 5.95 |
EPS(TTM)1.16
EY4.89%
EPS(NY)2.16
Fwd EY9.11%
FCF(TTM)2.4
FCFY10.14%
OCF(TTM)3.82
OCFY16.12%
SpS45.57
BVpS18.81
TBVpS18.81
PEG (NY)N/A
PEG (5Y)120.03
Graham Number22.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 6.34% | ||
| ROCE | 3.99% | ||
| ROIC | 3.07% | ||
| ROICexc | 4.13% | ||
| ROICexgc | 4.13% | ||
| OM | 2.74% | ||
| PM (TTM) | 2.62% | ||
| GM | 61.05% | ||
| FCFM | 5.28% |
ROA(3y)8.49%
ROA(5y)9.48%
ROE(3y)18.55%
ROE(5y)22.89%
ROIC(3y)10.44%
ROIC(5y)12.56%
ROICexc(3y)13.79%
ROICexc(5y)18.41%
ROICexgc(3y)13.79%
ROICexgc(5y)18.41%
ROCE(3y)13.58%
ROCE(5y)16.34%
ROICexgc growth 3Y-49.04%
ROICexgc growth 5Y-8%
ROICexc growth 3Y-49.04%
ROICexc growth 5Y-8%
OM growth 3Y-38.05%
OM growth 5Y-4.06%
PM growth 3Y-32.47%
PM growth 5Y0.23%
GM growth 3Y2.3%
GM growth 5Y2.32%
F-Score7
Asset Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 97.37% | ||
| Cap/Sales | 3.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 141.39% | ||
| Profit Quality | 201.73% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 3.01 |
F-Score7
WACC9.61%
ROIC/WACC0.32
Cap/Depr(3y)200.69%
Cap/Depr(5y)174.23%
Cap/Sales(3y)4.44%
Cap/Sales(5y)3.63%
Profit Quality(3y)79.31%
Profit Quality(5y)101.86%
High Growth Momentum
Growth
EPS 1Y (TTM)-27.04%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%0%
EPS Next Y-0.28%
EPS Next 2Y35.34%
EPS Next 3Y39.77%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.05%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%10.57%
Revenue Next Year5.04%
Revenue Next 2Y6.57%
Revenue Next 3Y7.19%
Revenue Next 5YN/A
EBIT growth 1Y-29.14%
EBIT growth 3Y-44.64%
EBIT growth 5Y-6.04%
EBIT Next Year375.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-0.96%
FCF growth 3Y-24.82%
FCF growth 5Y-10.46%
OCF growth 1Y-32.53%
OCF growth 3Y-15.37%
OCF growth 5Y-1.46%
HAVERTY FURNITURE / HVT FAQ
What is the ChartMill fundamental rating of HAVERTY FURNITURE (HVT) stock?
ChartMill assigns a fundamental rating of 6 / 10 to HVT.
What is the valuation status for HVT stock?
ChartMill assigns a valuation rating of 7 / 10 to HAVERTY FURNITURE (HVT). This can be considered as Undervalued.
How profitable is HAVERTY FURNITURE (HVT) stock?
HAVERTY FURNITURE (HVT) has a profitability rating of 7 / 10.
What is the valuation of HAVERTY FURNITURE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for HAVERTY FURNITURE (HVT) is 20.45 and the Price/Book (PB) ratio is 1.26.
Can you provide the financial health for HVT stock?
The financial health rating of HAVERTY FURNITURE (HVT) is 7 / 10.