HAVERTY FURNITURE (HVT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HVT - US4195961010 - Common Stock
23.36 USD
-0.27 (-1.14%)
23.36 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to HVT. HVT was compared to 123 industry peers in the Specialty Retail industry. HVT gets an excellent profitability rating and is at the same time showing great financial health properties. HVT may be a bit undervalued, certainly considering the very reasonable score on growth Finally 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
HVT had positive earnings in the past year.
HVT had a positive operating cash flow in the past year.
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
With a decent Return On Assets value of 2.98%, HVT is doing good in the industry, outperforming 60.16% of the companies in the same industry.
HVT has a Return On Equity of 6.34%. This is in the better half of the industry: HVT outperforms 61.79% of its industry peers.
HVT has a Return On Invested Capital (3.07%) which is comparable to the rest of the 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
HVT's Profit Margin of 2.62% is fine compared to the rest of the industry. HVT outperforms 66.67% of its industry peers.
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.
In the last couple of years the Operating Margin of HVT has declined.
Looking at the Gross Margin, with a value of 61.05%, HVT belongs to the top of the industry, outperforming 89.43% of the companies in the same industry.
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
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
Compared to 5 years ago, HVT has less shares outstanding
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.
HVT's Altman-Z score of 3.00 is fine compared to the rest of the industry. HVT outperforms 70.73% 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 |
ROIC/WACC0.32
WACC9.6%
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.
Looking at the Current ratio, with a value of 1.75, HVT is in the better half of the industry, outperforming 73.98% of the companies in the same industry.
HVT has a Quick Ratio of 1.11. This is a normal value and indicates that HVT is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of HVT (1.11) is better than 76.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The earnings per share for HVT have decreased strongly by -27.04% in the last year.
HVT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.17% yearly.
The Revenue has decreased by -1.05% 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)-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
HVT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.77% yearly.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 20.14, the valuation of HVT can be described as rather expensive.
HVT's Price/Earnings ratio is a bit cheaper when compared to the industry. HVT is cheaper than 73.17% of the companies in the same industry.
HVT is valuated rather cheaply when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
HVT is valuated reasonably with a Price/Forward Earnings ratio of 10.81.
Based on the Price/Forward Earnings ratio, HVT is valued cheaper than 84.55% of the companies in the same industry.
HVT is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.14 | ||
| Fwd PE | 10.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HVT is valued cheaper than 80.49% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HVT is valued cheaper than 86.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.72 | ||
| EV/EBITDA | 5.77 |
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 39.77% in the coming years.
PEG (NY)N/A
PEG (5Y)118.21
EPS Next 2Y35.34%
EPS Next 3Y39.77%
5. Dividend
5.1 Amount
HVT has a Yearly Dividend Yield of 5.56%, which is a nice return.
HVT's Dividend Yield is rather good when compared to the industry average which is at 2.01. HVT pays more dividend than 93.50% of the companies in the same industry.
HVT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| 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.
The dividend of HVT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP106.78%
EPS Next 2Y35.34%
EPS Next 3Y39.77%
23.36
-0.27 (-1.14%)
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 Cap380.07M
Revenue(TTM)741.43M
Net Income(TTM)19.39M
Analysts80
Price Target30.6 (30.99%)
Short Float %4.42%
Short Ratio5.12
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-DateN/A
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 | 20.14 | ||
| Fwd PE | 10.81 | ||
| P/S | 0.51 | ||
| P/FCF | 9.72 | ||
| P/OCF | 6.11 | ||
| P/B | 1.24 | ||
| P/tB | 1.24 | ||
| EV/EBITDA | 5.77 |
EPS(TTM)1.16
EY4.97%
EPS(NY)2.16
Fwd EY9.25%
FCF(TTM)2.4
FCFY10.29%
OCF(TTM)3.82
OCFY16.37%
SpS45.57
BVpS18.81
TBVpS18.81
PEG (NY)N/A
PEG (5Y)118.21
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 |
F-Score7
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)-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.
Can you provide the valuation status for HAVERTY FURNITURE?
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 financial health of HAVERTY FURNITURE (HVT) stock?
The financial health rating of HAVERTY FURNITURE (HVT) is 7 / 10.
What is the expected EPS growth for HAVERTY FURNITURE (HVT) stock?
The Earnings per Share (EPS) of HAVERTY FURNITURE (HVT) is expected to decline by -0.28% in the next year.