HAYNES INTERNATIONAL INC (HAYN) Fundamental Analysis & Valuation

NASDAQ:HAYN • US4208772016

60.99 USD
+0.02 (+0.03%)
At close: Nov 20, 2024
60.99 USD
0 (0%)
After Hours: 11/20/2024, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This HAYN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall HAYN gets a fundamental rating of 5 out of 10. We evaluated HAYN 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.


Dividend Valuation Growth Profitability Health

5

1. HAYN Profitability Analysis

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.
HAYN Yearly Net Income VS EBIT VS OCF VS FCFHAYN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

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.
  • The Return On Invested Capital of HAYN (6.62%) is better than 70.70% of its industry peers.
Industry RankSector 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
HAYN Yearly ROA, ROE, ROICHAYN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10

1.3 Margins

  • With a decent Profit Margin value of 6.10%, HAYN is doing good in the industry, outperforming 74.52% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 8.38%, HAYN is in the better half of 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.
  • In the last couple of years the Gross Margin of HAYN has grown nicely.
Industry RankSector 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%
HAYN Yearly Profit, Operating, Gross MarginsHAYN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 15 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. HAYN Health Analysis

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.
  • Compared to 1 year ago, HAYN has more shares outstanding
  • HAYN has a worse debt/assets ratio than last year.
HAYN Yearly Shares OutstandingHAYN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M
HAYN Yearly Total Debt VS Total AssetsHAYN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

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.
  • Looking at the Debt to FCF ratio, with a value of 4.86, HAYN is in the better half of the industry, outperforming 69.43% of the companies in the same industry.
  • A Debt/Equity ratio of 0.22 indicates that HAYN is not too dependend on debt financing.
  • 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 RankSector Rank
Debt/Equity 0.22
Debt/FCF 4.86
Altman-Z 4.3
ROIC/WACC0.58
WACC11.32%
HAYN Yearly LT Debt VS Equity VS FCFHAYN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M

2.3 Liquidity

  • A Current Ratio of 7.74 indicates that HAYN has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 7.74, HAYN belongs to the best of the industry, outperforming 85.99% of the companies in the same industry.
  • A Quick Ratio of 1.89 indicates that HAYN should not have too much problems paying 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 RankSector Rank
Current Ratio 7.74
Quick Ratio 1.89
HAYN Yearly Current Assets VS Current LiabilitesHAYN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. HAYN Growth Analysis

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

  • 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.
HAYN Yearly Revenue VS EstimatesHAYN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
HAYN Yearly EPS VS EstimatesHAYN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 2 3 4

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4

4. HAYN Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.96, HAYN is valued on the expensive side.
  • Based on the Price/Earnings ratio, HAYN is valued a bit cheaper than the industry average as 66.88% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, HAYN is valued at the same level.
  • The Price/Forward Earnings ratio is 16.77, which indicates a correct valuation of HAYN.
  • HAYN's Price/Forward Earnings is on the same level as the industry average.
  • HAYN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.82.
Industry RankSector Rank
PE 20.96
Fwd PE 16.77
HAYN Price Earnings VS Forward Price EarningsHAYN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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.
  • 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 RankSector Rank
P/FCF 38.75
EV/EBITDA 12.5
HAYN Per share dataHAYN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • HAYN's earnings are expected to grow with 12.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.17
EPS Next 2Y5.45%
EPS Next 3Y12.46%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. HAYN Dividend Analysis

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 1.06.
  • HAYN's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector 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
HAYN Yearly Dividends per shareHAYN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8

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%
HAYN Yearly Income VS Free CF VS DividendHAYN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M -60M -80M
HAYN Dividend Payout.HAYN Dividend Payout, showing the Payout Ratio.HAYN Dividend Payout.PayoutRetained Earnings

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HAYN Fundamentals: All Metrics, Ratios and Statistics

HAYNES INTERNATIONAL INC

NASDAQ:HAYN (11/20/2024, 8:00:01 PM)

After market: 60.99 0 (0%)

60.99

+0.02 (+0.03%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-14
Earnings (Next)02-03
Inst Owners104.59%
Inst Owner Change0%
Ins Owners1.77%
Ins Owner Change0%
Market Cap780.06M
Revenue(TTM)614.34M
Net Income(TTM)37.48M
Analysts47.5
Price Target62.22 (2.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector 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
Graham NumberN/A
Profitability
Industry RankSector 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
ROICexgc growth 3YN/A
ROICexgc 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 RankSector 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

HAYNES INTERNATIONAL INC / HAYN FAQ

Can you provide the ChartMill fundamental rating for HAYNES INTERNATIONAL INC?

ChartMill assigns a fundamental rating of 5 / 10 to HAYN.


What is the valuation status of HAYNES INTERNATIONAL INC (HAYN) stock?

ChartMill assigns a valuation rating of 4 / 10 to HAYNES INTERNATIONAL INC (HAYN). This can be considered as Fairly Valued.


How profitable is HAYNES INTERNATIONAL INC (HAYN) stock?

HAYNES INTERNATIONAL INC (HAYN) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for HAYN stock?

The Price/Earnings (PE) ratio for HAYNES INTERNATIONAL INC (HAYN) is 20.96 and the Price/Book (PB) ratio is 1.73.


How financially healthy is HAYNES INTERNATIONAL INC?

The financial health rating of HAYNES INTERNATIONAL INC (HAYN) is 5 / 10.