HAYNES INTERNATIONAL INC (HAYN) Stock Fundamental Analysis
NASDAQ:HAYN - Nasdaq - US4208772016 - Common Stock - Currency: USD
Overall HAYN gets a fundamental rating of 5 out of 10. We evaluated HAYN against 156 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
In the past year HAYN was profitable.
HAYN had a positive operating cash flow in the past year.
In multiple years HAYN reported negative net income over the last 5 years.
In multiple years HAYN reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.47%, HAYN is in the better half of the industry, outperforming 75.80% of the companies in the same industry.
HAYN has a Return On Equity of 8.29%. This is in the better half of the industry: HAYN outperforms 73.89% of its industry peers.
With a decent Return On Invested Capital value of 6.62%, HAYN is doing good in the industry, outperforming 70.70% of the companies in the same industry.
| 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.
In the last couple of years the Operating Margin of HAYN has grown nicely.
HAYN's Gross Margin of 17.43% is in line compared to the rest of the industry. HAYN outperforms 52.87% of its industry peers.
HAYN's Gross Margin has improved in the last couple of years.
| 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
HAYN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for HAYN has been increased compared to 1 year ago.
The number of shares outstanding for HAYN has been increased compared to 5 years ago.
HAYN has a worse debt/assets ratio than last year.
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's Altman-Z score of 4.30 is fine compared to the rest of the industry. HAYN outperforms 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.
The Debt to FCF ratio of HAYN (4.86) is better than 69.43% of its industry peers.
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 of 0.22. This is comparable to the rest of the industry: HAYN outperforms 45.22% of 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
A Current Ratio of 7.74 indicates that HAYN has no problem at all paying its short term obligations.
The Current ratio of HAYN (7.74) is better than 85.99% of its industry peers.
HAYN has a Quick Ratio of 1.89. This is a normal value and indicates that HAYN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.89, HAYN is in line with its industry, outperforming 59.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.74 | ||
| Quick Ratio | 1.89 |
3. Growth
3.1 Past
HAYN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.03%.
HAYN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 122.47% yearly.
The Revenue has been growing slightly by 7.18% in the past 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
The Earnings Per Share is expected to grow by 12.46% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.26% on average over the next years.
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.
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
With a Price/Earnings ratio of 20.96, 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 66.88% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.82. HAYN is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 16.77, HAYN is valued correctly.
HAYN's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 35.24. HAYN is valued rather cheaply when compared to this.
| 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.
Based on the Price/Free Cash Flow ratio, HAYN is valued a bit 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%.
Compared to an average industry Dividend Yield of 2.61, HAYN pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.36, HAYN is paying slightly less dividend.
| 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 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
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 Change0%
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