HAYNES INTERNATIONAL INC (HAYN) Stock Fundamental Analysis
NASDAQ:HAYN - Nasdaq - US4208772016 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to HAYN. HAYN was compared to 154 industry peers in the Metals & Mining industry. HAYN has only an average score on both its financial health and profitability. HAYN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
HAYN had positive earnings in the past year.
HAYN had a positive operating cash flow in the past year.
In multiple years HAYN reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: HAYN reported negative operating cash flow in multiple years.
1.2 Ratios
HAYN has a Return On Assets of 5.47%. This is in the better half of the industry: HAYN outperforms 75.80% of its industry peers.
Looking at the Return On Equity, with a value of 8.29%, HAYN is in the better half of the industry, outperforming 73.89% of the companies in the same industry.
The Return On Invested Capital of HAYN (6.62%) is better than 70.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 8.29% | ||
| ROIC | 6.62% |
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
Looking at the Profit Margin, with a value of 6.10%, HAYN is in the better half of the industry, outperforming 74.52% of the companies in the same industry.
With a decent Operating Margin value of 8.38%, HAYN is doing good in the industry, outperforming 62.42% of the companies in the same industry.
HAYN's Operating Margin has improved in the last couple of years.
HAYN has a Gross Margin (17.43%) which is in line with its industry peers.
In the last couple of years the Gross Margin of HAYN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.38% | ||
| PM (TTM) | 6.1% | ||
| GM | 17.43% |
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.
HAYN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, HAYN has a worse debt to assets ratio.
2.2 Solvency
HAYN has an Altman-Z score of 4.30. This indicates that HAYN is financially healthy and has little risk of bankruptcy at the moment.
HAYN has a better Altman-Z score (4.30) than 67.52% of its industry peers.
HAYN has a debt to FCF ratio of 4.86. This is a neutral value as HAYN would need 4.86 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.86, HAYN is doing good in the industry, outperforming 69.43% of the companies in the same industry.
HAYN has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
HAYN has a Debt to Equity ratio (0.22) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 4.86 | ||
| Altman-Z | 4.3 |
ROIC/WACC0.58
WACC11.32%
2.3 Liquidity
HAYN has a Current Ratio of 7.74. This indicates that HAYN is financially healthy and has no problem in meeting its short term obligations.
HAYN has a better Current ratio (7.74) than 85.99% of its industry peers.
A Quick Ratio of 1.89 indicates that HAYN should not have too much problems paying its short term obligations.
HAYN's Quick ratio of 1.89 is in line compared to the rest of the industry. HAYN outperforms 59.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.74 | ||
| Quick Ratio | 1.89 |
3. Growth
3.1 Past
The earnings per share for HAYN have decreased strongly by -18.03% in the last year.
The Earnings Per Share has been growing by 122.47% on average over the past years. This is a very strong growth
Looking at the last year, HAYN shows a small growth in Revenue. The Revenue has grown by 7.18% in the last year.
Measured over the past years, HAYN shows a small growth in Revenue. The Revenue has been growing by 6.27% on average per year.
EPS 1Y (TTM)-18.03%
EPS 3YN/A
EPS 5Y122.47%
EPS Q2Q%-7.35%
Revenue 1Y (TTM)7.18%
Revenue growth 3Y15.74%
Revenue growth 5Y6.27%
Sales Q2Q%6.96%
3.2 Future
Based on estimates for the next years, HAYN will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.46% on average per year.
Based on estimates for the next years, HAYN will show a small growth in Revenue. The Revenue will grow by 3.26% on average per year.
EPS Next Y-21.39%
EPS Next 2Y5.45%
EPS Next 3Y12.46%
EPS Next 5YN/A
Revenue Next Year2.28%
Revenue Next 2Y2.3%
Revenue Next 3Y3.26%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HAYN is valuated rather expensively with a Price/Earnings ratio of 20.96.
66.88% of the companies in the same industry are more expensive than HAYN, based on the Price/Earnings ratio.
HAYN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.45.
The Price/Forward Earnings ratio is 16.77, which indicates a correct valuation of HAYN.
The rest of the industry has a similar Price/Forward Earnings ratio as HAYN.
HAYN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.96 | ||
| Fwd PE | 16.77 |
4.2 Price Multiples
HAYN's Enterprise Value to EBITDA ratio is in line with the industry average.
HAYN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HAYN is cheaper than 67.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.75 | ||
| EV/EBITDA | 12.5 |
4.3 Compensation for Growth
A more expensive valuation may be justified as HAYN's earnings are expected to grow with 12.46% in the coming years.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y5.45%
EPS Next 3Y12.46%
5. Dividend
5.1 Amount
HAYN has a Yearly Dividend Yield of 1.44%. Purely for dividend investing, there may be better candidates out there.
HAYN's Dividend Yield is a higher than the industry average which is at 2.98.
With a Dividend Yield of 1.44, HAYN pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
The dividend of HAYN has a limited annual growth rate of 0.12%.
HAYN has been paying a dividend for at least 10 years, so it has 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
30.20% of the earnings are spent on dividend by HAYN. This is a low number and sustainable payout ratio.
The dividend of HAYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.2%
EPS Next 2Y5.45%
EPS Next 3Y12.46%
60.99
+0.02 (+0.03%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners104.59%
Inst Owner Change-99.84%
Ins Owners1.77%
Ins Owner Change0%
Market Cap780.06M
Analysts47.5
Price Target62.22 (2.02%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
Yearly Dividend0.89
Dividend Growth(5Y)0.12%
DP30.2%
Div Incr Years0
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.32%
Min EPS beat(2)-26.03%
Max EPS beat(2)-20.61%
EPS beat(4)0
Avg EPS beat(4)-16.32%
Min EPS beat(4)-26.03%
Max EPS beat(4)-2.68%
EPS beat(8)0
Avg EPS beat(8)-10.46%
EPS beat(12)4
Avg EPS beat(12)26.01%
EPS beat(16)7
Avg EPS beat(16)31.77%
Revenue beat(2)0
Avg Revenue beat(2)-5.42%
Min Revenue beat(2)-5.87%
Max Revenue beat(2)-4.97%
Revenue beat(4)0
Avg Revenue beat(4)-4.58%
Min Revenue beat(4)-5.87%
Max Revenue beat(4)-2.56%
Revenue beat(8)2
Avg Revenue beat(8)-1.52%
Revenue beat(12)6
Avg Revenue beat(12)-0.42%
Revenue beat(16)9
Avg Revenue beat(16)-0.17%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-2.33%
EPS NQ rev (3m)-3.46%
EPS NY rev (1m)-0.59%
EPS NY rev (3m)-0.79%
Revenue NQ rev (1m)-1.36%
Revenue NQ rev (3m)-1.51%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.96 | ||
| Fwd PE | 16.77 | ||
| P/S | 1.27 | ||
| P/FCF | 38.75 | ||
| P/OCF | 18.6 | ||
| P/B | 1.73 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | 12.5 |
EPS(TTM)2.91
EY4.77%
EPS(NY)3.64
Fwd EY5.96%
FCF(TTM)1.57
FCFY2.58%
OCF(TTM)3.28
OCFY5.38%
SpS48.03
BVpS35.36
TBVpS34.56
PEG (NY)N/A
PEG (5Y)0.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.47% | ||
| ROE | 8.29% | ||
| ROCE | 8.31% | ||
| ROIC | 6.62% | ||
| ROICexc | 6.75% | ||
| ROICexgc | 6.86% | ||
| OM | 8.38% | ||
| PM (TTM) | 6.1% | ||
| GM | 17.43% | ||
| FCFM | 3.28% |
ROA(3y)3.83%
ROA(5y)2.39%
ROE(3y)6.38%
ROE(5y)4.05%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y53.61%
ROICexc growth 3YN/A
ROICexc growth 5Y53.7%
OM growth 3YN/A
OM growth 5Y49.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y16.66%
GM growth 5Y7.74%
F-Score7
Asset Turnover0.9
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 4.86 | ||
| Debt/EBITDA | 1.41 | ||
| Cap/Depr | 122.77% | ||
| Cap/Sales | 3.55% | ||
| Interest Coverage | 6.82 | ||
| Cash Conversion | 60.55% | ||
| Profit Quality | 53.71% | ||
| Current Ratio | 7.74 | ||
| Quick Ratio | 1.89 | ||
| Altman-Z | 4.3 |
F-Score7
WACC11.32%
ROIC/WACC0.58
Cap/Depr(3y)65.78%
Cap/Depr(5y)59.47%
Cap/Sales(3y)2.54%
Cap/Sales(5y)2.42%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.03%
EPS 3YN/A
EPS 5Y122.47%
EPS Q2Q%-7.35%
EPS Next Y-21.39%
EPS Next 2Y5.45%
EPS Next 3Y12.46%
EPS Next 5YN/A
Revenue 1Y (TTM)7.18%
Revenue growth 3Y15.74%
Revenue growth 5Y6.27%
Sales Q2Q%6.96%
Revenue Next Year2.28%
Revenue Next 2Y2.3%
Revenue Next 3Y3.26%
Revenue Next 5YN/A
EBIT growth 1Y-14.45%
EBIT growth 3YN/A
EBIT growth 5Y59.34%
EBIT Next Year16.78%
EBIT Next 3Y19.78%
EBIT Next 5YN/A
FCF growth 1Y122.95%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y156.29%
OCF growth 3YN/A
OCF growth 5YN/A