HORACE MANN EDUCATORS (HMN)
US4403271046 - Common Stock
Taking everything into account, HMN scores 4 out of 10 in our fundamental rating. HMN was compared to 141 industry peers in the Insurance industry. HMN may be in some trouble as it scores bad on both profitability and health. HMN is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
HMN had positive earnings in the past year.
In the past year HMN had a positive cash flow from operations.
Of the past 5 years HMN 4 years were profitable.
Each year in the past 5 years HMN had a positive operating cash flow.
1.2 Ratios
The Return On Assets of HMN (0.32%) is worse than 63.57% of its industry peers.
Looking at the Return On Equity, with a value of 3.83%, HMN is doing worse than 62.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.32% | ||
| ROE | 3.83% | ||
| ROIC | N/A |
ROA(3y)0.43%
ROA(5y)0.75%
ROE(3y)3.83%
ROE(5y)6.14%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
HMN's Profit Margin of 3.00% is on the low side compared to the rest of the industry. HMN is outperformed by 61.43% of its industry peers.
In the last couple of years the Profit Margin of HMN has grown nicely.
Looking at the Operating Margin, with a value of 6.01%, HMN is doing worse than 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of HMN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.01% | ||
| PM (TTM) | 3% | ||
| GM | N/A |
OM growth 3Y-25.23%
OM growth 5Y16.21%
PM growth 3Y-33.23%
PM growth 5Y14.48%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
HMN does not have a ROIC to compare to the WACC, probably because it is not profitable.
HMN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, HMN has less shares outstanding
HMN has a worse debt/assets ratio than last year.
2.2 Solvency
HMN has a debt to FCF ratio of 1.81. This is a very positive value and a sign of high solvency as it would only need 1.81 years to pay back of all of its debts.
HMN has a Debt to FCF ratio of 1.81. This is comparable to the rest of the industry: HMN outperforms 58.57% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that HMN is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.46, HMN is in line with its industry, outperforming 42.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 1.81 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.16%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
HMN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.28%, which is quite impressive.
The Earnings Per Share has been growing by 17.76% on average over the past years. This is quite good.
HMN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.64%.
The Revenue has been growing slightly by 4.57% on average over the past years.
EPS 1Y (TTM)41.28%
EPS 3Y-23.2%
EPS 5Y17.76%
EPS growth Q2Q863.64%
Revenue 1Y (TTM)7.64%
Revenue growth 3Y4.28%
Revenue growth 5Y4.57%
Revenue growth Q2Q16.08%
3.2 Future
HMN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 58.50% yearly.
The Revenue is expected to grow by 8.27% on average over the next years. This is quite good.
EPS Next Y109.19%
EPS Next 2Y58.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year10.42%
Revenue Next 2Y8.27%
Revenue Next 3YN/A
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 24.50, which indicates a rather expensive current valuation of HMN.
HMN's Price/Earnings ratio is a bit more expensive when compared to the industry. HMN is more expensive than 63.57% of the companies in the same industry.
HMN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 24.55, which is the current average of the S&P500 Index.
HMN is valuated reasonably with a Price/Forward Earnings ratio of 11.71.
HMN's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of HMN to the average of the S&P500 Index (20.92), we can say HMN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.5 | ||
| Fwd PE | 11.71 |
4.2 Price Multiples
HMN's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HMN indicates a somewhat cheap valuation: HMN is cheaper than 70.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.11 | ||
| EV/EBITDA | 17.72 |
4.3 Compensation for Growth
HMN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as HMN's earnings are expected to grow with 58.50% in the coming years.
PEG (NY)0.22
PEG (5Y)1.38
EPS Next 2Y58.5%
EPS Next 3YN/A
5. Dividend
5.1 Amount
HMN has a Yearly Dividend Yield of 3.70%.
Compared to an average industry Dividend Yield of 4.22, HMN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, HMN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
5.2 History
The dividend of HMN has a limited annual growth rate of 2.95%.
HMN has been paying a dividend for at least 10 years, so it has a reliable track record.
HMN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.95%
Div Incr Years14
Div Non Decr Years14
5.3 Sustainability
119.78% of the earnings are spent on dividend by HMN. This is not a sustainable payout ratio.
HMN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP119.78%
EPS Next 2Y58.5%
EPS Next 3YN/A
HORACE MANN EDUCATORS
NYSE:HMN (5/1/2024, 7:04:00 PM)
After market: 37.73 0 (0%)37.73
+0.87 (+2.36%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.54B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
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)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.5 | ||
| Fwd PE | 11.71 | ||
| 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)0.22
PEG (5Y)1.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.32% | ||
| ROE | 3.83% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.01% | ||
| PM (TTM) | 3% | ||
| GM | N/A | ||
| 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 Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| 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)41.28%
EPS 3Y-23.2%
EPS 5Y
EPS growth Q2Q
EPS Next Y109.19%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.64%
Revenue growth 3Y4.28%
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