HAVERTY FURNITURE (HVT) Stock Fundamental Analysis
USA - NYSE:HVT - US4195961010 - Common Stock
23.34 USD
+0.36 (+1.57%)
23.34 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to HVT. HVT was compared to 121 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. HVT also has an excellent dividend rating. With these ratings, HVT could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
HVT had positive earnings in the past year.
HVT had a positive operating cash flow in the past year.
Each year in the past 5 years HVT has been profitable.
HVT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HVT's Return On Assets of 3.05% is fine compared to the rest of the industry. HVT outperforms 60.33% of its industry peers.
HVT has a better Return On Equity (6.43%) than 62.81% of its industry peers.
HVT's Return On Invested Capital of 3.05% is in line compared to the rest of the industry. HVT outperforms 51.24% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HVT is in line with the industry average of 12.16%.
The last Return On Invested Capital (3.05%) for HVT is well below the 3 year average (10.44%), which needs to be investigated, but indicates that HVT had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 6.43% | ||
| ROIC | 3.05% |
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
HVT has a better Profit Margin (2.71%) than 67.77% of its industry peers.
In the last couple of years the Profit Margin of HVT has remained more or less at the same level.
HVT has a Operating Margin (2.81%) which is in line with its industry peers.
HVT's Operating Margin has declined in the last couple of years.
HVT has a better Gross Margin (61.04%) than 90.91% of its industry peers.
In the last couple of years the Gross Margin of HVT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.81% | ||
| PM (TTM) | 2.71% | ||
| GM | 61.04% |
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
HVT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, HVT has more shares outstanding
The number of shares outstanding for HVT has been reduced compared to 5 years ago.
HVT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
HVT has an Altman-Z score of 3.01. This indicates that HVT is financially healthy and has little risk of bankruptcy at the moment.
HVT has a Altman-Z score of 3.01. This is in the better half of the industry: HVT outperforms 66.94% of its industry peers.
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
WACC9.6%
2.3 Liquidity
HVT has a Current Ratio of 1.81. This is a normal value and indicates that HVT is financially healthy and should not expect problems in meeting its short term obligations.
HVT has a better Current ratio (1.81) than 79.34% of its industry peers.
HVT has a Quick Ratio of 1.09. This is a normal value and indicates that HVT is financially healthy and should not expect problems in meeting its short term obligations.
HVT's Quick ratio of 1.09 is fine compared to the rest of the industry. HVT outperforms 78.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The earnings per share for HVT have decreased strongly by -50.21% in the last year.
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.
The Revenue has decreased by -8.92% in the past year.
HVT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.06% yearly.
EPS 1Y (TTM)-50.21%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%-40.74%
Revenue 1Y (TTM)-8.92%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%1.34%
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 44.66% on average per year.
The Revenue is expected to grow by 5.79% on average over the next years.
EPS Next Y-2.42%
EPS Next 2Y44.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.32%
Revenue Next 2Y5.79%
Revenue Next 3YN/A
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 20.12, the valuation of HVT can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of HVT indicates a somewhat cheap valuation: HVT is cheaper than 74.38% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. HVT is valued slightly cheaper when compared to this.
HVT is valuated reasonably with a Price/Forward Earnings ratio of 9.45.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HVT indicates a rather cheap valuation: HVT is cheaper than 86.78% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. HVT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 9.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HVT is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HVT indicates a rather cheap valuation: HVT is cheaper than 82.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.12 | ||
| EV/EBITDA | 6.25 |
4.3 Compensation for Growth
HVT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as HVT's earnings are expected to grow with 44.66% in the coming years.
PEG (NY)N/A
PEG (5Y)118.11
EPS Next 2Y44.66%
EPS Next 3YN/A
5. Dividend
5.1 Amount
HVT has a Yearly Dividend Yield of 5.34%, which is a nice return.
HVT's Dividend Yield is rather good when compared to the industry average which is at 5.21. HVT pays more dividend than 93.39% of the companies in the same industry.
HVT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.34% |
5.2 History
The dividend of HVT is nicely growing with an annual growth rate of 10.67%!
HVT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)10.67%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
HVT pays out 105.92% 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.
DP105.92%
EPS Next 2Y44.66%
EPS Next 3YN/A
23.34
+0.36 (+1.57%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners90.21%
Inst Owner Change-0.03%
Ins Owners10.92%
Ins Owner Change-1.53%
Market Cap379.74M
Analysts80
Price Target29.58 (26.74%)
Short Float %5.57%
Short Ratio7.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.34% |
Yearly Dividend1.27
Dividend Growth(5Y)10.67%
DP105.92%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.96%
Min EPS beat(2)9.25%
Max EPS beat(2)62.66%
EPS beat(4)3
Avg EPS beat(4)63.48%
Min EPS beat(4)-41.43%
Max EPS beat(4)223.43%
EPS beat(8)5
Avg EPS beat(8)31.25%
EPS beat(12)7
Avg EPS beat(12)23.94%
EPS beat(16)11
Avg EPS beat(16)25.77%
Revenue beat(2)2
Avg Revenue beat(2)1.24%
Min Revenue beat(2)1.16%
Max Revenue beat(2)1.32%
Revenue beat(4)3
Avg Revenue beat(4)-1.64%
Min Revenue beat(4)-10.52%
Max Revenue beat(4)1.49%
Revenue beat(8)3
Avg Revenue beat(8)-4.05%
Revenue beat(12)5
Avg Revenue beat(12)-2.66%
Revenue beat(16)8
Avg Revenue beat(16)-1.45%
PT rev (1m)0%
PT rev (3m)26.09%
EPS NQ rev (1m)-20.69%
EPS NQ rev (3m)-35.21%
EPS NY rev (1m)-12.31%
EPS NY rev (3m)-12.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.66%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.12 | ||
| Fwd PE | 9.45 | ||
| P/S | 0.53 | ||
| P/FCF | 14.12 | ||
| P/OCF | 6.94 | ||
| P/B | 1.25 | ||
| P/tB | 1.25 | ||
| EV/EBITDA | 6.25 |
EPS(TTM)1.16
EY4.97%
EPS(NY)2.47
Fwd EY10.58%
FCF(TTM)1.65
FCFY7.08%
OCF(TTM)3.36
OCFY14.42%
SpS44.43
BVpS18.74
TBVpS18.74
PEG (NY)N/A
PEG (5Y)118.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 6.43% | ||
| ROCE | 3.97% | ||
| ROIC | 3.05% | ||
| ROICexc | 3.86% | ||
| ROICexgc | 3.86% | ||
| OM | 2.81% | ||
| PM (TTM) | 2.71% | ||
| GM | 61.04% | ||
| FCFM | 3.72% |
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%
ROICexcg growth 3Y-49.04%
ROICexcg 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-Score5
Asset Turnover1.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 119.52% | ||
| Cap/Sales | 3.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 125.53% | ||
| Profit Quality | 137.31% | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 3.01 |
F-Score5
WACC9.6%
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)-50.21%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%-40.74%
EPS Next Y-2.42%
EPS Next 2Y44.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-8.92%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%1.34%
Revenue Next Year3.32%
Revenue Next 2Y5.79%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-54.37%
EBIT growth 3Y-44.64%
EBIT growth 5Y-6.04%
EBIT Next Year375.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y186.19%
FCF growth 3Y-24.82%
FCF growth 5Y-10.46%
OCF growth 1Y-15.52%
OCF growth 3Y-15.37%
OCF growth 5Y-1.46%