HIGHWOODS PROPERTIES INC (HIW) Stock Fundamental Analysis
USA - NYSE:HIW - US4312841087 - REIT
27.61 USD
+0.11 (+0.4%)
HIW gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. HIW has only an average score on both its financial health and profitability. HIW has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year HIW was profitable.
In the past year HIW had a positive cash flow from operations.
In the past 5 years HIW has always been profitable.
HIW had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
HIW has a Return On Assets of 2.03%. This is in the better half of the industry: HIW outperforms 67.19% of its industry peers.
Looking at the Return On Equity, with a value of 5.24%, HIW is in the better half of the industry, outperforming 67.19% of the companies in the same industry.
HIW's Return On Invested Capital of 2.80% is in line compared to the rest of the industry. HIW outperforms 50.78% of its industry peers.
HIW had an Average Return On Invested Capital over the past 3 years of 3.09%. This is in line with the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 5.24% | ||
| ROIC | 2.8% |
ROA(3y)2.22%
ROA(5y)3.75%
ROE(3y)5.52%
ROE(5y)8.77%
ROIC(3y)3.09%
ROIC(5y)3.29%
1.3 Margins
The Profit Margin of HIW (15.45%) is better than 66.41% of its industry peers.
HIW's Profit Margin has declined in the last couple of years.
HIW has a Operating Margin (25.78%) which is comparable to the rest of the industry.
HIW's Operating Margin has been stable in the last couple of years.
HIW has a Gross Margin of 67.08%. This is comparable to the rest of the industry: HIW outperforms 51.56% of its industry peers.
HIW's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.78% | ||
| PM (TTM) | 15.45% | ||
| GM | 67.08% |
OM growth 3Y-5.14%
OM growth 5Y0.08%
PM growth 3Y-33.17%
PM growth 5Y-7.93%
GM growth 3Y-1.06%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
HIW 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, HIW has more shares outstanding
The number of shares outstanding for HIW has been increased compared to 5 years ago.
HIW has a worse debt/assets ratio than last year.
2.2 Solvency
HIW has an Altman-Z score of 0.55. This is a bad value and indicates that HIW is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.55, HIW is in line with its industry, outperforming 52.34% of the companies in the same industry.
HIW has a debt to FCF ratio of 12.30. This is a negative value and a sign of low solvency as HIW would need 12.30 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 12.30, HIW belongs to the best of the industry, outperforming 86.72% of the companies in the same industry.
HIW has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
HIW has a Debt to Equity ratio (1.43) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 12.3 | ||
| Altman-Z | 0.55 |
ROIC/WACC0.45
WACC6.23%
2.3 Liquidity
HIW has a Current Ratio of 1.42. This is a normal value and indicates that HIW is financially healthy and should not expect problems in meeting its short term obligations.
HIW has a Current ratio of 1.42. This is in the better half of the industry: HIW outperforms 66.41% of its industry peers.
A Quick Ratio of 1.39 indicates that HIW should not have too much problems paying its short term obligations.
HIW's Quick ratio of 1.39 is fine compared to the rest of the industry. HIW outperforms 67.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.42 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.73% over the past year.
The Earnings Per Share has been decreasing by -2.09% on average over the past years.
Looking at the last year, HIW shows a decrease in Revenue. The Revenue has decreased by -2.29% in the last year.
The Revenue has been growing slightly by 2.33% on average over the past years.
EPS 1Y (TTM)3.73%
EPS 3Y-26.69%
EPS 5Y-2.09%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)-2.29%
Revenue growth 3Y2.45%
Revenue growth 5Y2.33%
Sales Q2Q%-1.25%
3.2 Future
HIW is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.14% yearly.
HIW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.28% yearly.
EPS Next Y7.04%
EPS Next 2Y-20.21%
EPS Next 3Y-14.14%
EPS Next 5YN/A
Revenue Next Year-0.75%
Revenue Next 2Y2.18%
Revenue Next 3Y2.26%
Revenue Next 5Y3.28%
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 decreasing.
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 19.86, which indicates a rather expensive current valuation of HIW.
Based on the Price/Earnings ratio, HIW is valued cheaply inside the industry as 83.59% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of HIW to the average of the S&P500 Index (25.47), we can say HIW is valued slightly cheaper.
With a Price/Forward Earnings ratio of 37.07, HIW can be considered very expensive at the moment.
HIW's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. HIW is cheaper than 67.19% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.42, HIW is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.86 | ||
| Fwd PE | 37.07 |
4.2 Price Multiples
HIW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HIW is cheaper than 65.63% of the companies in the same industry.
HIW's Price/Free Cash Flow ratio is rather cheap when compared to the industry. HIW is cheaper than 86.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.78 | ||
| EV/EBITDA | 12.74 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HIW does not grow enough to justify the current Price/Earnings ratio.
A cheap valuation may be justified as HIW's earnings are expected to decrease with -14.14% in the coming years.
PEG (NY)2.82
PEG (5Y)N/A
EPS Next 2Y-20.21%
EPS Next 3Y-14.14%
5. Dividend
5.1 Amount
HIW has a Yearly Dividend Yield of 4.70%, which is a nice return.
HIW's Dividend Yield is comparable with the industry average which is at 6.49.
Compared to an average S&P500 Dividend Yield of 2.44, HIW pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.7% |
5.2 History
The dividend of HIW has a limited annual growth rate of 0.93%.
HIW has paid a dividend for at least 10 years, which is a reliable track record.
HIW has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.93%
Div Incr Years0
Div Non Decr Years20
5.3 Sustainability
174.24% of the earnings are spent on dividend by HIW. This is not a sustainable payout ratio.
HIW's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP174.24%
EPS Next 2Y-20.21%
EPS Next 3Y-14.14%
NYSE:HIW (11/20/2025, 1:19:44 PM)
27.61
+0.11 (+0.4%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.25%
Inst Owner Change-1.24%
Ins Owners1.89%
Ins Owner Change-0.35%
Market Cap2.98B
Revenue(TTM)808.28M
Net Income(TTM)124.87M
Analysts69.33
Price Target32.03 (16.01%)
Short Float %4.88%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.7% |
Yearly Dividend2.01
Dividend Growth(5Y)0.93%
DP174.24%
Div Incr Years0
Div Non Decr Years20
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-17.12%
Min EPS beat(2)-29.07%
Max EPS beat(2)-5.17%
EPS beat(4)2
Avg EPS beat(4)87.76%
Min EPS beat(4)-29.07%
Max EPS beat(4)314.25%
EPS beat(8)5
Avg EPS beat(8)62.52%
EPS beat(12)7
Avg EPS beat(12)46.95%
EPS beat(16)10
Avg EPS beat(16)40.09%
Revenue beat(2)0
Avg Revenue beat(2)-2.65%
Min Revenue beat(2)-2.94%
Max Revenue beat(2)-2.36%
Revenue beat(4)0
Avg Revenue beat(4)-1.95%
Min Revenue beat(4)-2.94%
Max Revenue beat(4)-0.27%
Revenue beat(8)1
Avg Revenue beat(8)-1.32%
Revenue beat(12)1
Avg Revenue beat(12)-1.34%
Revenue beat(16)3
Avg Revenue beat(16)-1.05%
PT rev (1m)1.29%
PT rev (3m)1.65%
EPS NQ rev (1m)-11.48%
EPS NQ rev (3m)-15.62%
EPS NY rev (1m)0%
EPS NY rev (3m)16.71%
Revenue NQ rev (1m)-0.43%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.86 | ||
| Fwd PE | 37.07 | ||
| P/S | 3.69 | ||
| P/FCF | 10.78 | ||
| P/OCF | 8.21 | ||
| P/B | 1.25 | ||
| P/tB | 1.25 | ||
| EV/EBITDA | 12.74 |
EPS(TTM)1.39
EY5.03%
EPS(NY)0.74
Fwd EY2.7%
FCF(TTM)2.56
FCFY9.28%
OCF(TTM)3.36
OCFY12.18%
SpS7.48
BVpS22.04
TBVpS22.04
PEG (NY)2.82
PEG (5Y)N/A
Graham Number26.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 5.24% | ||
| ROCE | 3.55% | ||
| ROIC | 2.8% | ||
| ROICexc | 2.8% | ||
| ROICexgc | 2.8% | ||
| OM | 25.78% | ||
| PM (TTM) | 15.45% | ||
| GM | 67.08% | ||
| FCFM | 34.24% |
ROA(3y)2.22%
ROA(5y)3.75%
ROE(3y)5.52%
ROE(5y)8.77%
ROIC(3y)3.09%
ROIC(5y)3.29%
ROICexc(3y)3.11%
ROICexc(5y)3.32%
ROICexgc(3y)3.11%
ROICexgc(5y)3.32%
ROCE(3y)3.92%
ROCE(5y)4.16%
ROICexgc growth 3Y-5.82%
ROICexgc growth 5Y-0.78%
ROICexc growth 3Y-5.82%
ROICexc growth 5Y-0.78%
OM growth 3Y-5.14%
OM growth 5Y0.08%
PM growth 3Y-33.17%
PM growth 5Y-7.93%
GM growth 3Y-1.06%
GM growth 5Y0.24%
F-Score3
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 12.3 | ||
| Debt/EBITDA | 6.8 | ||
| Cap/Depr | 29.7% | ||
| Cap/Sales | 10.73% | ||
| Interest Coverage | 1.44 | ||
| Cash Conversion | 72.65% | ||
| Profit Quality | 221.67% | ||
| Current Ratio | 1.42 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | 0.55 |
F-Score3
WACC6.23%
ROIC/WACC0.45
Cap/Depr(3y)43.95%
Cap/Depr(5y)73.2%
Cap/Sales(3y)15.46%
Cap/Sales(5y)24.79%
Profit Quality(3y)222.52%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.73%
EPS 3Y-26.69%
EPS 5Y-2.09%
EPS Q2Q%-14.29%
EPS Next Y7.04%
EPS Next 2Y-20.21%
EPS Next 3Y-14.14%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.29%
Revenue growth 3Y2.45%
Revenue growth 5Y2.33%
Sales Q2Q%-1.25%
Revenue Next Year-0.75%
Revenue Next 2Y2.18%
Revenue Next 3Y2.26%
Revenue Next 5Y3.28%
EBIT growth 1Y0.25%
EBIT growth 3Y-2.82%
EBIT growth 5Y2.42%
EBIT Next Year123.3%
EBIT Next 3Y33.78%
EBIT Next 5Y23.56%
FCF growth 1Y83.8%
FCF growth 3Y22.56%
FCF growth 5Y44.4%
OCF growth 1Y-4.26%
OCF growth 3Y-0.89%
OCF growth 5Y1.99%
HIGHWOODS PROPERTIES INC / HIW FAQ
What is the fundamental rating for HIW stock?
ChartMill assigns a fundamental rating of 4 / 10 to HIW.
What is the valuation status for HIW stock?
ChartMill assigns a valuation rating of 4 / 10 to HIGHWOODS PROPERTIES INC (HIW). This can be considered as Fairly Valued.
How profitable is HIGHWOODS PROPERTIES INC (HIW) stock?
HIGHWOODS PROPERTIES INC (HIW) has a profitability rating of 5 / 10.
What are the PE and PB ratios of HIGHWOODS PROPERTIES INC (HIW) stock?
The Price/Earnings (PE) ratio for HIGHWOODS PROPERTIES INC (HIW) is 19.86 and the Price/Book (PB) ratio is 1.25.
What is the expected EPS growth for HIGHWOODS PROPERTIES INC (HIW) stock?
The Earnings per Share (EPS) of HIGHWOODS PROPERTIES INC (HIW) is expected to grow by 7.04% in the next year.