HAYNES INTERNATIONAL INC (HAYN) Stock Fundamental Analysis
USA - NASDAQ:HAYN - US4208772016 - Common Stock
60.99 USD
+0.02 (+0.03%)
60.99 USD
0 (0%)
Overall HAYN gets a fundamental rating of 5 out of 10. We evaluated HAYN against 155 industry peers in the Metals & Mining industry. HAYN has an average financial health and profitability rating. HAYN is not valued too expensively and it also shows a decent 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.
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
The Return On Assets of HAYN (5.47%) is better than 75.80% of its industry peers.
The Return On Equity of HAYN (8.29%) is better than 73.89% of its industry peers.
HAYN has a Return On Invested Capital of 6.62%. This is in the better half of the industry: HAYN outperforms 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
HAYN's Profit Margin of 6.10% is fine compared to the rest of the industry. HAYN outperforms 74.52% of its industry peers.
HAYN's Operating Margin of 8.38% is fine compared to the rest of the industry. HAYN outperforms 62.42% of its industry peers.
HAYN's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 17.43%, HAYN perfoms like the industry average, outperforming 52.87% of the companies in the same industry.
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.
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.
The debt/assets ratio for HAYN is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.30 indicates that HAYN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.30, HAYN is in the better half of the industry, outperforming 67.52% of the companies in the same industry.
The Debt to FCF ratio of HAYN is 4.86, which is a neutral value as it means it would take HAYN, 4.86 years of fcf income to pay off 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.
With a Debt to Equity ratio value of 0.22, HAYN perfoms like the industry average, outperforming 45.22% of the companies in the same industry.
| 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.
HAYN has a better Current ratio (7.74) 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.
With a Quick ratio value of 1.89, HAYN perfoms like the industry average, 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%.
Measured over the past years, HAYN shows a very strong growth in Earnings Per Share. The EPS has been growing by 122.47% on average per year.
The Revenue has been growing slightly by 7.18% in the past year.
HAYN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.27% yearly.
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.
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
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 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.
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.
When comparing the Price/Earnings ratio of HAYN to the average of the S&P500 Index (27.77), we can say HAYN is valued slightly cheaper.
A Price/Forward Earnings ratio of 16.77 indicates a correct valuation of HAYN.
The rest of the industry has a similar Price/Forward Earnings ratio as HAYN.
HAYN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.96 | ||
| Fwd PE | 16.77 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as HAYN.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAYN indicates a somewhat cheap valuation: HAYN is cheaper than 67.52% of the companies listed 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
With a Yearly Dividend Yield of 1.44%, HAYN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.42, 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 been paying a dividend for at least 10 years, so it has 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
30.20% 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.
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