HAWAIIAN ELECTRIC INDS (HE) Stock Fundamental Analysis
USA - NYSE:HE - US4198701009 - Common Stock
11.1 USD
-0.22 (-1.94%)
11.1 USD
0 (0%)
Taking everything into account, HE scores 3 out of 10 in our fundamental rating. HE was compared to 47 industry peers in the Electric Utilities industry. Both the profitability and financial health of HE have multiple concerns. HE has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year HE was profitable.
In the past year HE had a positive cash flow from operations.
Of the past 5 years HE 4 years were profitable.
In the past 5 years HE always reported a positive cash flow from operatings.
1.2 Ratios
HE has a Return On Assets of -1.44%. This is amonst the worse of the industry: HE underperforms 95.74% of its industry peers.
With a Return On Equity value of -7.64%, HE is not doing good in the industry: 95.74% of the companies in the same industry are doing better.
HE has a worse Return On Invested Capital (3.03%) than 76.60% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HE is below the industry average of 4.95%.
The last Return On Invested Capital (3.03%) for HE is above the 3 year average (1.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.44% | ||
| ROE | -7.64% | ||
| ROIC | 3.03% |
ROA(3y)-4.44%
ROA(5y)-2.09%
ROE(3y)-25.02%
ROE(5y)-11.32%
ROIC(3y)1.99%
ROIC(5y)1.95%
1.3 Margins
HE's Operating Margin of 9.94% is on the low side compared to the rest of the industry. HE is outperformed by 87.23% of its industry peers.
In the last couple of years the Operating Margin of HE has declined.
The Profit Margin and Gross Margin are not available for HE so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.94% | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3Y-17.69%
OM growth 5Y-9.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HE is destroying value.
The number of shares outstanding for HE has been increased compared to 1 year ago.
Compared to 5 years ago, HE has more shares outstanding
The debt/assets ratio for HE is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.53, we must say that HE is in the distress zone and has some risk of bankruptcy.
HE has a worse Altman-Z score (0.53) than 85.11% of its industry peers.
HE has a debt to FCF ratio of 16.51. This is a negative value and a sign of low solvency as HE would need 16.51 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 16.51, HE is in the better half of the industry, outperforming 78.72% of the companies in the same industry.
HE has a Debt/Equity ratio of 1.51. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.51, HE perfoms like the industry average, outperforming 42.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 16.51 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.99
WACC3.05%
2.3 Liquidity
HE has a Current Ratio of 1.15. This is a normal value and indicates that HE is financially healthy and should not expect problems in meeting its short term obligations.
HE has a better Current ratio (1.15) than 72.34% of its industry peers.
HE has a Quick Ratio of 1.15. This is a normal value and indicates that HE is financially healthy and should not expect problems in meeting its short term obligations.
HE has a Quick ratio of 1.15. This is in the better half of the industry: HE outperforms 76.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The earnings per share for HE have decreased strongly by -43.52% in the last year.
HE shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.97% yearly.
The Revenue for HE has decreased by -20.18% in the past year. This is quite bad
The Revenue has been growing slightly by 2.30% on average over the past years.
EPS 1Y (TTM)-43.52%
EPS 3Y-11.55%
EPS 5Y-4.97%
EPS Q2Q%-54.55%
Revenue 1Y (TTM)-20.18%
Revenue growth 3Y4.15%
Revenue growth 5Y2.3%
Sales Q2Q%-16.82%
3.2 Future
The Earnings Per Share is expected to decrease by -10.07% on average over the next years. This is quite bad
Based on estimates for the next years, HE will show a small growth in Revenue. The Revenue will grow by 1.62% on average per year.
EPS Next Y-34.05%
EPS Next 2Y-18.99%
EPS Next 3Y-13.77%
EPS Next 5Y-10.07%
Revenue Next Year-1.73%
Revenue Next 2Y0.16%
Revenue Next 3Y0.85%
Revenue Next 5Y1.62%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
HE is valuated reasonably with a Price/Earnings ratio of 10.18.
Compared to the rest of the industry, the Price/Earnings ratio of HE indicates a somewhat cheap valuation: HE is cheaper than 76.60% of the companies listed in the same industry.
HE is valuated cheaply when we compare the Price/Earnings ratio to 27.91, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 10.91, the valuation of HE can be described as very reasonable.
Based on the Price/Forward Earnings ratio, HE is valued a bit cheaper than 72.34% of the companies in the same industry.
HE is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.30, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.18 | ||
| Fwd PE | 10.91 |
4.2 Price Multiples
74.47% of the companies in the same industry are more expensive than HE, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, HE is valued cheaper than 80.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.56 | ||
| EV/EBITDA | 7.81 |
4.3 Compensation for Growth
A cheap valuation may be justified as HE's earnings are expected to decrease with -13.77% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-18.99%
EPS Next 3Y-13.77%
5. Dividend
5.1 Amount
HE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
11.1
-0.22 (-1.94%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)
Earnings (Next)
Inst Owners76.45%
Inst Owner Change0.03%
Ins Owners0.19%
Ins Owner Change9.05%
Market Cap1.92B
Analysts42
Price Target11.09 (-0.09%)
Short Float %5.63%
Short Ratio5.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.01
Dividend Growth(5Y)-59.93%
DP-1.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.47%
Min EPS beat(2)-3.75%
Max EPS beat(2)6.69%
EPS beat(4)1
Avg EPS beat(4)-15.97%
Min EPS beat(4)-51.9%
Max EPS beat(4)6.69%
EPS beat(8)2
Avg EPS beat(8)-12.42%
EPS beat(12)3
Avg EPS beat(12)-10.16%
EPS beat(16)5
Avg EPS beat(16)-5.06%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-8.74%
PT rev (3m)-10.77%
EPS NQ rev (1m)-1288.24%
EPS NQ rev (3m)-183.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.69%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.18 | ||
| Fwd PE | 10.91 | ||
| P/S | 0.66 | ||
| P/FCF | 12.56 | ||
| P/OCF | 4 | ||
| P/B | 1.22 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 7.81 |
EPS(TTM)1.09
EY9.82%
EPS(NY)1.02
Fwd EY9.16%
FCF(TTM)0.88
FCFY7.96%
OCF(TTM)2.77
OCFY24.97%
SpS16.89
BVpS9.09
TBVpS9.09
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.44% | ||
| ROE | -7.64% | ||
| ROCE | 3.76% | ||
| ROIC | 3.03% | ||
| ROICexc | 3.09% | ||
| ROICexgc | 3.56% | ||
| OM | 9.94% | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 5.23% |
ROA(3y)-4.44%
ROA(5y)-2.09%
ROE(3y)-25.02%
ROE(5y)-11.32%
ROIC(3y)1.99%
ROIC(5y)1.95%
ROICexc(3y)2.09%
ROICexc(5y)2.03%
ROICexgc(3y)2.33%
ROICexgc(5y)2.25%
ROCE(3y)2.54%
ROCE(5y)2.47%
ROICexcg growth 3Y8.08%
ROICexcg growth 5Y3.01%
ROICexc growth 3Y6.51%
ROICexc growth 5Y2.51%
OM growth 3Y-17.69%
OM growth 5Y-9.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | 16.51 | ||
| Debt/EBITDA | 4.35 | ||
| Cap/Depr | 127.01% | ||
| Cap/Sales | 11.18% | ||
| Interest Coverage | 3815.3 | ||
| Cash Conversion | 87.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 0.53 |
F-Score5
WACC3.05%
ROIC/WACC0.99
Cap/Depr(3y)144.45%
Cap/Depr(5y)144.46%
Cap/Sales(3y)11.17%
Cap/Sales(5y)11.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-43.52%
EPS 3Y-11.55%
EPS 5Y-4.97%
EPS Q2Q%-54.55%
EPS Next Y-34.05%
EPS Next 2Y-18.99%
EPS Next 3Y-13.77%
EPS Next 5Y-10.07%
Revenue 1Y (TTM)-20.18%
Revenue growth 3Y4.15%
Revenue growth 5Y2.3%
Sales Q2Q%-16.82%
Revenue Next Year-1.73%
Revenue Next 2Y0.16%
Revenue Next 3Y0.85%
Revenue Next 5Y1.62%
EBIT growth 1Y-8.68%
EBIT growth 3Y-14.27%
EBIT growth 5Y-7.48%
EBIT Next Year50.64%
EBIT Next 3Y17.87%
EBIT Next 5Y12.29%
FCF growth 1Y-52.22%
FCF growth 3Y32.77%
FCF growth 5Y21.1%
OCF growth 1Y-36.33%
OCF growth 3Y9.07%
OCF growth 5Y-1%