HAYNES INTERNATIONAL INC (HAYN)
US4208772016 - Common Stock
HAYN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 157 industry peers in the Metals & Mining industry. Both the profitability and the financial health of HAYN get a neutral evaluation. Nothing too spectacular is happening here. HAYN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
HAYN had positive earnings in the past year.
In the past year HAYN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: HAYN reported negative net income in multiple years.
In multiple years HAYN reported negative operating cash flow during the last 5 years.
1.2 Ratios
HAYN has a Return On Assets of 5.47%. This is in the better half of the industry: HAYN outperforms 79.62% of its industry peers.
With a decent Return On Equity value of 8.55%, HAYN is doing good in the industry, outperforming 76.43% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.71%, HAYN is in the better half of the industry, outperforming 71.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 8.55% | ||
| ROIC | 6.71% |
ROA(3y)3.83%
ROA(5y)2.39%
ROE(3y)6.38%
ROE(5y)4.05%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HAYN has a Profit Margin of 6.31%. This is in the better half of the industry: HAYN outperforms 72.61% of its industry peers.
HAYN has a better Operating Margin (8.77%) than 63.06% of its industry peers.
In the last couple of years the Operating Margin of HAYN has grown nicely.
HAYN has a Gross Margin (17.81%) which is comparable to the rest of the industry.
HAYN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.77% | ||
| PM (TTM) | 6.31% | ||
| GM | 17.81% |
OM growth 3YN/A
OM growth 5Y49.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.66%
GM growth 5Y7.74%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so HAYN is destroying value.
HAYN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for HAYN has been increased compared to 5 years ago.
Compared to 1 year ago, HAYN has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.08 indicates that HAYN is not in any danger for bankruptcy at the moment.
HAYN's Altman-Z score of 4.08 is fine compared to the rest of the industry. HAYN outperforms 66.24% of its industry peers.
HAYN has a debt to FCF ratio of 8.50. This is a slightly negative value and a sign of low solvency as HAYN would need 8.50 years to pay back of all of its debts.
HAYN has a better Debt to FCF ratio (8.50) than 64.33% of its industry peers.
A Debt/Equity ratio of 0.25 indicates that HAYN is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.25, HAYN is doing worse than 60.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 8.5 | ||
| Altman-Z | 4.08 |
ROIC/WACC0.79
WACC8.49%
2.3 Liquidity
HAYN has a Current Ratio of 7.63. This indicates that HAYN is financially healthy and has no problem in meeting its short term obligations.
HAYN has a better Current ratio (7.63) than 86.62% of its industry peers.
HAYN has a Quick Ratio of 1.75. This is a normal value and indicates that HAYN is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.75, HAYN perfoms like the industry average, outperforming 57.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.63 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
The earnings per share for HAYN have decreased strongly by -27.98% in the last year.
HAYN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 122.47% yearly.
HAYN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.01%.
The Revenue has been growing slightly by 6.27% on average over the past years.
EPS 1Y (TTM)-27.98%
EPS 3YN/A
EPS 5Y122.47%
EPS Q2Q%-31.25%
Revenue 1Y (TTM)8.01%
Revenue growth 3Y15.74%
Revenue growth 5Y6.27%
Sales Q2Q%-0.21%
3.2 Future
HAYN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.85% yearly.
The Revenue is expected to grow by 8.29% on average over the next years. This is quite good.
EPS Next Y-2.06%
EPS Next 2Y15.59%
EPS Next 3Y25.85%
EPS Next 5YN/A
Revenue Next Year5.01%
Revenue Next 2Y4.13%
Revenue Next 3Y8.29%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
With a Price/Earnings ratio of 20.09, HAYN is valued on the expensive side.
HAYN's Price/Earnings ratio is a bit cheaper when compared to the industry. HAYN is cheaper than 69.43% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 24.29. HAYN is around the same levels.
Based on the Price/Forward Earnings ratio of 13.61, the valuation of HAYN can be described as correct.
HAYN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. HAYN is cheaper than 64.97% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.35, HAYN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.09 | ||
| Fwd PE | 13.61 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAYN is on the same level as its industry peers.
64.33% of the companies in the same industry are more expensive than HAYN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 58.29 | ||
| EV/EBITDA | 12.09 |
4.3 Compensation for Growth
HAYN's earnings are expected to grow with 25.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.16
EPS Next 2Y15.59%
EPS Next 3Y25.85%
5. Dividend
5.1 Amount
HAYN has a Yearly Dividend Yield of 1.48%.
HAYN's Dividend Yield is a higher than the industry average which is at 2.65.
Compared to the average S&P500 Dividend Yield of 2.29, HAYN is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
5.2 History
The dividend of HAYN has a limited annual growth rate of 0.12%.
HAYN has paid a dividend for at least 10 years, which is a reliable track record.
HAYN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.12%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
HAYN pays out 29.65% of its income as dividend. This is a sustainable payout ratio.
The dividend of HAYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.65%
EPS Next 2Y15.59%
EPS Next 3Y25.85%
HAYNES INTERNATIONAL INC
NASDAQ:HAYN (7/25/2024, 7:00:02 PM)
After market: 59.46 0 (0%)59.46
-0.13 (-0.22%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap759.90M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.09 | ||
| Fwd PE | 13.61 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 8.55% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 8.77% | ||
| PM (TTM) | 6.31% | ||
| GM | 17.81% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 7.63 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-27.98%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-2.06%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.01%
Revenue growth 3Y15.74%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y