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HAYNES INTERNATIONAL INC (HAYN) Stock Fundamental Analysis

USA - NASDAQ:HAYN - US4208772016 - Common Stock

60.99 USD
+0.02 (+0.03%)
Last: 11/20/2024, 8:00:01 PM
60.99 USD
0 (0%)
After Hours: 11/20/2024, 8:00:01 PM
Fundamental Rating

5

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.


Dividend Valuation Growth Profitability Health

5

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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M

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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10

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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10 15 20

5

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.
HAYN Yearly Shares OutstandingHAYN Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 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.
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 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 2015 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.
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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

4

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.
HAYN Yearly Revenue VS EstimatesHAYN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1 2 3 4

4

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 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

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 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

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%

6

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 RankSector 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
HAYN Yearly Dividends per shareHAYN Yearly Dividends per shareYearly Dividends per share 2015 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.
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%
HAYN Yearly Income VS Free CF VS DividendHAYN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 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

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 2024-11-14/amc
Earnings (Next)02-03 2025-02-03/amc
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 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
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
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 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