HAYNES INTERNATIONAL INC (HAYN)

US4208772016 - Common Stock

60.25  -0.1 (-0.17%)

After market: 60.25 0 (0%)

Fundamental Rating

5

Taking everything into account, HAYN scores 5 out of 10 in our fundamental rating. HAYN was compared to 155 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.



5

1. Profitability

1.1 Basic Checks

HAYN had positive earnings in the past year.
In the past year HAYN had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: HAYN reported negative net income in multiple 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 5.98%, HAYN is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
HAYN's Return On Equity of 9.48% is fine compared to the rest of the industry. HAYN outperforms 76.13% of its industry peers.
HAYN has a better Return On Invested Capital (7.26%) than 72.90% of its industry peers.
Industry RankSector 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

With a decent Profit Margin value of 6.93%, HAYN is doing good in the industry, outperforming 72.90% of the companies in the same industry.
With a decent Operating Margin value of 9.52%, HAYN is doing good in the industry, outperforming 65.16% of the companies in the same industry.
In the last couple of years the Operating Margin of HAYN has grown nicely.
HAYN has a Gross Margin of 18.44%. This is comparable to the rest of the industry: HAYN outperforms 55.48% of its industry peers.
In the last couple of years the Gross Margin of HAYN has grown nicely.
Industry RankSector 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%

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HAYN is destroying value.
HAYN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, HAYN has more shares outstanding
The debt/assets ratio for HAYN is higher compared to a year ago.

2.2 Solvency

HAYN has an Altman-Z score of 4.05. This indicates that HAYN is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.05, HAYN is doing good in the industry, outperforming 67.74% of the companies in the same industry.
HAYN has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
HAYN's Debt to Equity ratio of 0.26 is on the low side compared to the rest of the industry. HAYN is outperformed by 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF N/A
Altman-Z 4.05
ROIC/WACC0.82
WACC8.81%

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 86.45% of its industry peers.
HAYN has a Quick Ratio of 1.69. This is a normal value and indicates that HAYN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of HAYN (1.69) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 7.62
Quick Ratio 1.69

6

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%.
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)-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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 18.48 indicates a rather expensive valuation of HAYN.
76.13% 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 24.76.
With a Price/Forward Earnings ratio of 12.42, HAYN is valued correctly.
Based on the Price/Forward Earnings ratio, HAYN is valued a bit cheaper than 80.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.26. HAYN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.48
Fwd PE 12.42

4.2 Price Multiples

HAYN's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 11.49

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
HAYN's earnings are expected to grow with 25.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.07
PEG (5Y)0.15
EPS Next 2Y21.82%
EPS Next 3Y25.85%

6

5. Dividend

5.1 Amount

HAYN has a Yearly Dividend Yield of 1.46%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.85, HAYN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, HAYN's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.46%

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.
The dividend of HAYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP26.99%
EPS Next 2Y21.82%
EPS Next 3Y25.85%

HAYNES INTERNATIONAL INC

NASDAQ:HAYN (4/19/2024, 7:00:00 PM)

After market: 60.25 0 (0%)

60.25

-0.1 (-0.17%)

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 Cap770.00M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.46%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
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Revenue beat(2)
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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 RankSector Rank
PE 18.48
Fwd PE 12.42
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)1.07
PEG (5Y)0.15
Profitability
Industry RankSector 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 RankSector 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