25.23 USD
+0.89 (+3.66%)
25.23 USD
0 (0%)
HFWA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 387 industry peers in the Banks industry. While HFWA seems to be doing ok healthwise, there are quite some concerns on its profitability. HFWA is not valued too expensively and it also shows a decent growth rate. Finally HFWA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year HFWA was profitable.
In the past year HFWA had a positive cash flow from operations.
HFWA had positive earnings in each of the past 5 years.
Each year in the past 5 years HFWA had a positive operating cash flow.
1.2 Ratios
HFWA has a Return On Assets (0.82%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 6.33%, HFWA is doing worse than 70.28% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 6.33% | ||
| ROIC | N/A |
ROA(3y)0.88%
ROA(5y)0.93%
ROE(3y)7.5%
ROE(5y)7.93%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HFWA has a Profit Margin (24.16%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of HFWA has declined.
The Operating Margin and Gross Margin are not available for HFWA so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 24.16% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-21.2%
PM growth 5Y-7.25%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HFWA does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for HFWA has been reduced compared to 1 year ago.
Compared to 5 years ago, HFWA has less shares outstanding
HFWA has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of HFWA is 0.27, which is an excellent value as it means it would take HFWA, only 0.27 years of fcf income to pay off all of its debts.
HFWA has a Debt to FCF ratio of 0.27. This is amongst the best in the industry. HFWA outperforms 83.98% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that HFWA is not too dependend on debt financing.
HFWA has a better Debt to Equity ratio (0.02) than 84.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.27 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.4%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
HFWA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.78%, which is quite impressive.
Measured over the past years, HFWA shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.49% on average per year.
HFWA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.51%.
The Revenue has been decreasing by -1.36% on average over the past years.
EPS 1Y (TTM)52.78%
EPS 3Y-23.13%
EPS 5Y-7.49%
EPS Q2Q%66.67%
Revenue 1Y (TTM)12.51%
Revenue growth 3Y-3.38%
Revenue growth 5Y-1.36%
Sales Q2Q%33.1%
3.2 Future
HFWA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 31.24% yearly.
The Revenue is expected to grow by 12.83% on average over the next years. This is quite good.
EPS Next Y53.41%
EPS Next 2Y34.56%
EPS Next 3Y31.24%
EPS Next 5YN/A
Revenue Next Year8.91%
Revenue Next 2Y18.58%
Revenue Next 3Y12.83%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.29, which indicates a correct valuation of HFWA.
Based on the Price/Earnings ratio, HFWA is valued a bit more expensive than the industry average as 67.44% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.59. HFWA is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 11.24, which indicates a very decent valuation of HFWA.
The rest of the industry has a similar Price/Forward Earnings ratio as HFWA.
HFWA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.29 | ||
| Fwd PE | 11.24 |
4.2 Price Multiples
67.44% of the companies in the same industry are more expensive than HFWA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.3 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
HFWA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HFWA's earnings are expected to grow with 31.24% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y34.56%
EPS Next 3Y31.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.97%, HFWA has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.11, HFWA pays a better dividend. On top of this HFWA pays more dividend than 81.40% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, HFWA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.97% |
5.2 History
The dividend of HFWA has a limited annual growth rate of 1.86%.
HFWA has been paying a dividend for at least 10 years, so it has a reliable track record.
HFWA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.86%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
56.54% of the earnings are spent on dividend by HFWA. This is a bit on the high side, but may be sustainable.
The dividend of HFWA is growing, but earnings are growing more, so the dividend growth is sustainable.
DP56.54%
EPS Next 2Y34.56%
EPS Next 3Y31.24%
25.23
+0.89 (+3.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners87.69%
Inst Owner Change1.61%
Ins Owners1.55%
Ins Owner Change0.19%
Market Cap856.81M
Revenue(TTM)236.84M
Net Income(TTM)57.22M
Analysts75
Price Target28.36 (12.41%)
Short Float %2.83%
Short Ratio5.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.97% |
Yearly Dividend0.92
Dividend Growth(5Y)1.86%
DP56.54%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.87%
Min EPS beat(2)-28.63%
Max EPS beat(2)-1.12%
EPS beat(4)0
Avg EPS beat(4)-17.34%
Min EPS beat(4)-28.63%
Max EPS beat(4)-1.12%
EPS beat(8)1
Avg EPS beat(8)-26.47%
EPS beat(12)2
Avg EPS beat(12)-16.97%
EPS beat(16)6
Avg EPS beat(16)-7.07%
Revenue beat(2)0
Avg Revenue beat(2)-7.03%
Min Revenue beat(2)-12.75%
Max Revenue beat(2)-1.3%
Revenue beat(4)0
Avg Revenue beat(4)-7.61%
Min Revenue beat(4)-12.75%
Max Revenue beat(4)-1.3%
Revenue beat(8)0
Avg Revenue beat(8)-13.92%
Revenue beat(12)0
Avg Revenue beat(12)-11.02%
Revenue beat(16)3
Avg Revenue beat(16)-7.86%
PT rev (1m)-1.42%
PT rev (3m)-0.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.69%
EPS NY rev (1m)-0.46%
EPS NY rev (3m)0.61%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)-0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.29 | ||
| Fwd PE | 11.24 | ||
| P/S | 3.62 | ||
| P/FCF | 10.3 | ||
| P/OCF | 9.8 | ||
| P/B | 0.95 | ||
| P/tB | 1.3 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.65
EY6.54%
EPS(NY)2.25
Fwd EY8.9%
FCF(TTM)2.45
FCFY9.71%
OCF(TTM)2.58
OCFY10.21%
SpS6.97
BVpS26.62
TBVpS19.46
PEG (NY)0.29
PEG (5Y)N/A
Graham Number31.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 6.33% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 24.16% | ||
| GM | N/A | ||
| FCFM | 35.13% |
ROA(3y)0.88%
ROA(5y)0.93%
ROE(3y)7.5%
ROE(5y)7.93%
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 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-21.2%
PM growth 5Y-7.25%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.27 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 329.97% | ||
| Cap/Sales | 1.79% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 145.4% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC7.4%
ROIC/WACCN/A
Cap/Depr(3y)261.13%
Cap/Depr(5y)215.76%
Cap/Sales(3y)2.49%
Cap/Sales(5y)2.33%
Profit Quality(3y)137.35%
Profit Quality(5y)123.16%
High Growth Momentum
Growth
EPS 1Y (TTM)52.78%
EPS 3Y-23.13%
EPS 5Y-7.49%
EPS Q2Q%66.67%
EPS Next Y53.41%
EPS Next 2Y34.56%
EPS Next 3Y31.24%
EPS Next 5YN/A
Revenue 1Y (TTM)12.51%
Revenue growth 3Y-3.38%
Revenue growth 5Y-1.36%
Sales Q2Q%33.1%
Revenue Next Year8.91%
Revenue Next 2Y18.58%
Revenue Next 3Y12.83%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-16.47%
FCF growth 3Y-2.83%
FCF growth 5Y-5.14%
OCF growth 1Y-20.91%
OCF growth 3Y-2.48%
OCF growth 5Y-6.96%
HERITAGE FINANCIAL CORP / HFWA FAQ
What is the fundamental rating for HFWA stock?
ChartMill assigns a fundamental rating of 5 / 10 to HFWA.
Can you provide the valuation status for HERITAGE FINANCIAL CORP?
ChartMill assigns a valuation rating of 5 / 10 to HERITAGE FINANCIAL CORP (HFWA). This can be considered as Fairly Valued.
What is the profitability of HFWA stock?
HERITAGE FINANCIAL CORP (HFWA) has a profitability rating of 3 / 10.
What are the PE and PB ratios of HERITAGE FINANCIAL CORP (HFWA) stock?
The Price/Earnings (PE) ratio for HERITAGE FINANCIAL CORP (HFWA) is 15.29 and the Price/Book (PB) ratio is 0.95.
How sustainable is the dividend of HERITAGE FINANCIAL CORP (HFWA) stock?
The dividend rating of HERITAGE FINANCIAL CORP (HFWA) is 7 / 10 and the dividend payout ratio is 56.54%.