HAVERTY FURNITURE (HVT) Stock Fundamental Analysis
NYSE:HVT - New York Stock Exchange, Inc. - US4195961010 - Common Stock
HVT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 119 industry peers in the Specialty Retail industry. Both the health and profitability get an excellent rating, making HVT a very profitable company, without any liquidiy or solvency issues. HVT has a bad growth rate and is valued cheaply. These ratings would make HVT suitable for value 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's Return On Assets of 4.06% is fine compared to the rest of the industry. HVT outperforms 65.52% of its industry peers.
With a decent Return On Equity value of 8.69%, HVT is doing good in the industry, outperforming 64.66% of the companies in the same industry.
HVT's Return On Invested Capital of 4.18% is in line compared to the rest of the industry. HVT outperforms 53.45% of its industry peers.
HVT had an Average Return On Invested Capital over the past 3 years of 15.66%. This is above the industry average of 12.38%.
The last Return On Invested Capital (4.18%) for HVT is well below the 3 year average (15.66%), which needs to be investigated, but indicates that HVT had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.06% | ||
| ROE | 8.69% | ||
| ROIC | 4.18% |
ROA(3y)11.87%
ROA(5y)9.64%
ROE(3y)28.21%
ROE(5y)23.28%
ROIC(3y)15.66%
ROIC(5y)12.81%
1.3 Margins
HVT has a Profit Margin of 3.57%. This is in the better half of the industry: HVT outperforms 71.55% of its industry peers.
HVT's Profit Margin has improved in the last couple of years.
HVT has a Operating Margin (3.82%) which is in line with its industry peers.
HVT's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 60.90%, HVT belongs to the top of the industry, outperforming 90.52% of the companies in the same industry.
HVT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.82% | ||
| PM (TTM) | 3.57% | ||
| GM | 60.9% |
OM growth 3Y-8.68%
OM growth 5Y8.8%
PM growth 3Y-6.13%
PM growth 5Y12.01%
GM growth 3Y2.71%
GM growth 5Y2.13%
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 less shares outstanding than it did 1 year ago.
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
An Altman-Z score of 3.00 indicates that HVT is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.00, HVT is in the better half of the industry, outperforming 67.24% 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 |
ROIC/WACC0.41
WACC10.23%
2.3 Liquidity
A Current Ratio of 1.82 indicates that HVT should not have too much problems paying its short term obligations.
HVT's Current ratio of 1.82 is fine compared to the rest of the industry. HVT outperforms 78.45% of its industry peers.
A Quick Ratio of 1.17 indicates that HVT should not have too much problems paying its short term obligations.
HVT has a Quick ratio of 1.17. This is in the better half of the industry: HVT outperforms 77.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The earnings per share for HVT have decreased strongly by -59.02% in the last year.
Measured over the past years, HVT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.80% on average per year.
The Revenue for HVT has decreased by -19.60% in the past year. This is quite bad
HVT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.06% yearly.
EPS 1Y (TTM)-59.02%
EPS 3Y20.72%
EPS 5Y18.8%
EPS Q2Q%-72.55%
Revenue 1Y (TTM)-19.6%
Revenue growth 3Y4.83%
Revenue growth 5Y1.06%
Sales Q2Q%-20.17%
3.2 Future
HVT is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.77% yearly.
Based on estimates for the next years, HVT will show a decrease in Revenue. The Revenue will decrease by -3.02% on average per year.
EPS Next Y-73.15%
EPS Next 2Y-18.37%
EPS Next 3Y-7.77%
EPS Next 5YN/A
Revenue Next Year-18.5%
Revenue Next 2Y-7.03%
Revenue Next 3Y-3.02%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
HVT is valuated correctly with a Price/Earnings ratio of 14.14.
Compared to the rest of the industry, the Price/Earnings ratio of HVT indicates a somewhat cheap valuation: HVT is cheaper than 78.45% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.29. HVT is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 10.04, the valuation of HVT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, HVT is valued cheaper than 84.48% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, HVT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.14 | ||
| Fwd PE | 10.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HVT is valued cheaper than 91.38% of the companies in the same industry.
80.17% of the companies in the same industry are more expensive than HVT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.81 | ||
| EV/EBITDA | 5.09 |
4.3 Compensation for Growth
HVT has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as HVT's earnings are expected to decrease with -7.77% in the coming years.
PEG (NY)N/A
PEG (5Y)0.75
EPS Next 2Y-18.37%
EPS Next 3Y-7.77%
5. Dividend
5.1 Amount
HVT has a Yearly Dividend Yield of 5.70%, which is a nice return.
HVT's Dividend Yield is rather good when compared to the industry average which is at 3.27. HVT pays more dividend than 95.69% of the companies in the same industry.
HVT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.7% |
5.2 History
The dividend of HVT has a limited annual growth rate of 5.06%.
HVT has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of HVT decreased recently.
Dividend Growth(5Y)5.06%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
HVT pays out 135.40% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of HVT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP135.4%
EPS Next 2Y-18.37%
EPS Next 3Y-7.77%
HAVERTY FURNITURE
NYSE:HVT (1/22/2025, 10:46:46 AM)
22.48
-0.15 (-0.66%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners95.28%
Inst Owner Change1.08%
Ins Owners10.74%
Ins Owner Change0%
Market Cap368.90M
Analysts80
Price Target35.7 (58.81%)
Short Float %9.66%
Short Ratio8.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.7% |
Yearly Dividend2.18
Dividend Growth(5Y)5.06%
DP135.4%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.91%
Min EPS beat(2)-41.43%
Max EPS beat(2)57.25%
EPS beat(4)1
Avg EPS beat(4)-14.08%
Min EPS beat(4)-61.85%
Max EPS beat(4)57.25%
EPS beat(8)3
Avg EPS beat(8)-7.63%
EPS beat(12)7
Avg EPS beat(12)9.25%
EPS beat(16)11
Avg EPS beat(16)23.68%
Revenue beat(2)0
Avg Revenue beat(2)-7.32%
Min Revenue beat(2)-10.52%
Max Revenue beat(2)-4.12%
Revenue beat(4)0
Avg Revenue beat(4)-8.08%
Min Revenue beat(4)-10.52%
Max Revenue beat(4)-4.12%
Revenue beat(8)1
Avg Revenue beat(8)-5.74%
Revenue beat(12)5
Avg Revenue beat(12)-2.2%
Revenue beat(16)8
Avg Revenue beat(16)0.31%
PT rev (1m)0%
PT rev (3m)-3.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-65.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-39.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.14 | ||
| Fwd PE | 10.04 | ||
| P/S | 0.49 | ||
| P/FCF | 12.81 | ||
| P/OCF | 6.17 | ||
| P/B | 1.2 | ||
| P/tB | 1.2 | ||
| EV/EBITDA | 5.09 |
EPS(TTM)1.59
EY7.07%
EPS(NY)2.24
Fwd EY9.96%
FCF(TTM)1.75
FCFY7.8%
OCF(TTM)3.64
OCFY16.21%
SpS45.66
BVpS18.76
TBVpS18.76
PEG (NY)N/A
PEG (5Y)0.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.06% | ||
| ROE | 8.69% | ||
| ROCE | 5.49% | ||
| ROIC | 4.18% | ||
| ROICexc | 5.45% | ||
| ROICexgc | 5.45% | ||
| OM | 3.82% | ||
| PM (TTM) | 3.57% | ||
| GM | 60.9% | ||
| FCFM | 3.84% |
ROA(3y)11.87%
ROA(5y)9.64%
ROE(3y)28.21%
ROE(5y)23.28%
ROIC(3y)15.66%
ROIC(5y)12.81%
ROICexc(3y)22.06%
ROICexc(5y)18.62%
ROICexgc(3y)22.06%
ROICexgc(5y)18.62%
ROCE(3y)20.57%
ROCE(5y)16.83%
ROICexcg growth 3Y-15.04%
ROICexcg growth 5Y2.67%
ROICexc growth 3Y-15.04%
ROICexc growth 5Y2.67%
OM growth 3Y-8.68%
OM growth 5Y8.8%
PM growth 3Y-6.13%
PM growth 5Y12.01%
GM growth 3Y2.71%
GM growth 5Y2.13%
F-Score7
Asset Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 150.99% | ||
| Cap/Sales | 4.14% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 121.62% | ||
| Profit Quality | 107.59% | ||
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 3 |
F-Score7
WACC10.23%
ROIC/WACC0.41
Cap/Depr(3y)220.92%
Cap/Depr(5y)160.84%
Cap/Sales(3y)4.08%
Cap/Sales(5y)3.16%
Profit Quality(3y)57.69%
Profit Quality(5y)117.54%
High Growth Momentum
Growth
EPS 1Y (TTM)-59.02%
EPS 3Y20.72%
EPS 5Y18.8%
EPS Q2Q%-72.55%
EPS Next Y-73.15%
EPS Next 2Y-18.37%
EPS Next 3Y-7.77%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.6%
Revenue growth 3Y4.83%
Revenue growth 5Y1.06%
Sales Q2Q%-20.17%
Revenue Next Year-18.5%
Revenue Next 2Y-7.03%
Revenue Next 3Y-3.02%
Revenue Next 5YN/A
EBIT growth 1Y-65.12%
EBIT growth 3Y-4.27%
EBIT growth 5Y9.96%
EBIT Next Year-42.06%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y57.33%
FCF growth 3Y-28.24%
FCF growth 5Y-2.05%
OCF growth 1Y28.86%
OCF growth 3Y-9.28%
OCF growth 5Y6.66%