HAYNES INTERNATIONAL INC (HAYN)
US4208772016 - Common Stock
HAYN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 154 industry peers in the Metals & Mining industry. HAYN has an average financial health and profitability rating. HAYN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year HAYN was profitable.
HAYN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: HAYN reported negative net income in multiple 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 5.98%. This is in the better half of the industry: HAYN outperforms 79.87% of its industry peers.
The Return On Equity of HAYN (9.48%) is better than 76.62% of its industry peers.
With a decent Return On Invested Capital value of 7.26%, HAYN is doing good in the industry, outperforming 75.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.98% | ||
| ROE | 9.48% | ||
| ROIC | 7.26% |
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
The Profit Margin of HAYN (6.93%) is better than 73.38% of its industry peers.
Looking at the Operating Margin, with a value of 9.52%, HAYN is in the better half of the industry, outperforming 65.58% 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 18.44% is in line compared to the rest of the industry. HAYN outperforms 55.84% of its industry peers.
HAYN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.52% | ||
| PM (TTM) | 6.93% | ||
| GM | 18.44% |
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.
The number of shares outstanding for HAYN has been increased compared to 1 year ago.
Compared to 5 years ago, HAYN has more shares outstanding
Compared to 1 year ago, HAYN has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.02 indicates that HAYN is not in any danger for bankruptcy at the moment.
HAYN has a Altman-Z score of 4.02. This is in the better half of the industry: HAYN outperforms 68.18% of its industry peers.
HAYN has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
HAYN has a Debt to Equity ratio (0.26) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.02 |
ROIC/WACC0.84
WACC8.68%
2.3 Liquidity
A Current Ratio of 7.62 indicates that HAYN has no problem at all paying its short term obligations.
HAYN has a Current ratio of 7.62. This is amongst the best in the industry. HAYN outperforms 87.01% of its industry peers.
A Quick Ratio of 1.69 indicates that HAYN should not have too much problems paying its short term obligations.
HAYN's Quick ratio of 1.69 is in line compared to the rest of the industry. HAYN outperforms 54.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.62 | ||
| Quick Ratio | 1.69 |
3. Growth
3.1 Past
The earnings per share for HAYN have decreased strongly by -14.66% 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 15.44%.
The Revenue has been growing slightly by 6.27% on average over the past years.
EPS 1Y (TTM)-14.66%
EPS 3YN/A
EPS 5Y122.47%
EPS growth Q2Q-1.64%
Revenue 1Y (TTM)15.44%
Revenue growth 3Y15.74%
Revenue growth 5Y6.27%
Revenue growth Q2Q11.05%
3.2 Future
The Earnings Per Share is expected to grow by 25.85% on average over the next years. This is a very strong growth
HAYN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.29% yearly.
EPS Next Y17.28%
EPS Next 2Y21.82%
EPS Next 3Y25.85%
EPS Next 5YN/A
Revenue Next Year7.84%
Revenue Next 2Y5.92%
Revenue Next 3Y8.29%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
HAYN is valuated rather expensively with a Price/Earnings ratio of 18.31.
Compared to the rest of the industry, the Price/Earnings ratio of HAYN indicates a somewhat cheap valuation: HAYN is cheaper than 74.68% of the companies listed in the same industry.
HAYN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.73.
The Price/Forward Earnings ratio is 12.30, which indicates a correct valuation of HAYN.
Based on the Price/Forward Earnings ratio, HAYN is valued a bit cheaper than 79.22% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of HAYN to the average of the S&P500 Index (20.41), we can say HAYN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 12.3 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAYN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.32 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as HAYN's earnings are expected to grow with 25.85% in the coming years.
PEG (NY)1.06
PEG (5Y)0.15
EPS Next 2Y21.82%
EPS Next 3Y25.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.49%, HAYN has a reasonable but not impressive dividend return.
HAYN's Dividend Yield is a higher than the industry average which is at 2.87.
HAYN's Dividend Yield is slightly below the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.49% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.12%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
26.99% of the earnings are spent on dividend by HAYN. This is a low number and sustainable payout ratio.
HAYN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP26.99%
EPS Next 2Y21.82%
EPS Next 3Y25.85%
HAYNES INTERNATIONAL INC
NASDAQ:HAYN (5/6/2024, 1:56:43 PM)
59.7
+0.46 (+0.78%)
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 Cap762.97M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.49% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(12)
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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 | 18.31 | ||
| Fwd PE | 12.3 | ||
| 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)1.06
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.98% | ||
| ROE | 9.48% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.52% | ||
| PM (TTM) | 6.93% | ||
| GM | 18.44% | ||
| 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 Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 7.62 | ||
| Quick Ratio | 1.69 | ||
| 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)
Growth
EPS 1Y (TTM)-14.66%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y17.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)15.44%
Revenue growth 3Y15.74%
Revenue growth 5Y
Revenue growth 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