HNI CORP (HNI) Fundamental Analysis & Valuation

NYSE:HNI • US4042511000

Current stock price

40.5 USD
+0.04 (+0.1%)
At close:
40.5 USD
0 (0%)
After Hours:

This HNI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. HNI Profitability Analysis

1.1 Basic Checks

  • In the past year HNI was profitable.
  • HNI had a positive operating cash flow in the past year.
  • Of the past 5 years HNI 4 years were profitable.
  • Of the past 5 years HNI 4 years had a positive operating cash flow.
HNI Yearly Net Income VS EBIT VS OCF VS FCFHNI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

1.2 Ratios

  • The Return On Assets of HNI (7.68%) is better than 80.49% of its industry peers.
  • The Return On Equity of HNI (16.94%) is better than 80.49% of its industry peers.
  • HNI's Return On Invested Capital of 12.16% is fine compared to the rest of the industry. HNI outperforms 78.05% of its industry peers.
  • HNI had an Average Return On Invested Capital over the past 3 years of 10.10%. This is in line with the industry average of 10.60%.
  • The 3 year average ROIC (10.10%) for HNI is below the current ROIC(12.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.68%
ROE 16.94%
ROIC 12.16%
ROA(3y)6.25%
ROA(5y)5.14%
ROE(3y)14.39%
ROE(5y)12.08%
ROIC(3y)10.1%
ROIC(5y)9.3%
HNI Yearly ROA, ROE, ROICHNI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • HNI has a Profit Margin of 5.46%. This is in the better half of the industry: HNI outperforms 69.51% of its industry peers.
  • In the last couple of years the Profit Margin of HNI has grown nicely.
  • HNI's Operating Margin of 8.75% is fine compared to the rest of the industry. HNI outperforms 64.63% of its industry peers.
  • HNI's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 41.49%, HNI is doing good in the industry, outperforming 73.17% of the companies in the same industry.
  • In the last couple of years the Gross Margin of HNI has grown nicely.
Industry RankSector Rank
OM 8.75%
PM (TTM) 5.46%
GM 41.49%
OM growth 3Y23.18%
OM growth 5Y4.73%
PM growth 3Y26.35%
PM growth 5Y2.34%
GM growth 3Y5.48%
GM growth 5Y2.07%
HNI Yearly Profit, Operating, Gross MarginsHNI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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7

2. HNI Health Analysis

2.1 Basic Checks

  • HNI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • HNI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
HNI Yearly Shares OutstandingHNI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
HNI Yearly Total Debt VS Total AssetsHNI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • HNI has an Altman-Z score of 3.50. This indicates that HNI is financially healthy and has little risk of bankruptcy at the moment.
  • HNI's Altman-Z score of 3.50 is fine compared to the rest of the industry. HNI outperforms 73.17% of its industry peers.
  • HNI has a debt to FCF ratio of 1.80. This is a very positive value and a sign of high solvency as it would only need 1.80 years to pay back of all of its debts.
  • HNI's Debt to FCF ratio of 1.80 is amongst the best of the industry. HNI outperforms 82.93% of its industry peers.
  • HNI has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of HNI (0.40) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.8
Altman-Z 3.5
ROIC/WACC1.43
WACC8.52%
HNI Yearly LT Debt VS Equity VS FCFHNI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.33 indicates that HNI should not have too much problems paying its short term obligations.
  • HNI has a Current ratio of 1.33. This is comparable to the rest of the industry: HNI outperforms 46.34% of its industry peers.
  • HNI has a Quick Ratio of 1.33. This is a bad value and indicates that HNI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.85, HNI is doing worse than 71.95% of the companies in the same industry.
  • The current and quick ratio evaluation for HNI is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 0.85
HNI Yearly Current Assets VS Current LiabilitesHNI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. HNI Growth Analysis

3.1 Past

  • HNI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.73%, which is quite good.
  • HNI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.35% yearly.
EPS 1Y (TTM)13.73%
EPS 3Y16.69%
EPS 5Y14.35%
EPS Q2Q%-4.6%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%38.27%

3.2 Future

  • Based on estimates for the next years, HNI will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.83% on average per year.
  • Based on estimates for the next years, HNI will show a very strong growth in Revenue. The Revenue will grow by 23.24% on average per year.
EPS Next Y19.57%
EPS Next 2Y18.56%
EPS Next 3YN/A
EPS Next 5Y16.83%
Revenue Next Year129.43%
Revenue Next 2Y54.13%
Revenue Next 3YN/A
Revenue Next 5Y23.24%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
HNI Yearly Revenue VS EstimatesHNI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2029 2030 2B 4B 6B
HNI Yearly EPS VS EstimatesHNI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2029 2030 2 4 6

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9

4. HNI Valuation Analysis

4.1 Price/Earnings Ratio

  • HNI is valuated reasonably with a Price/Earnings ratio of 11.64.
  • 86.59% of the companies in the same industry are more expensive than HNI, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.70, HNI is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 9.73, the valuation of HNI can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, HNI is valued cheaper than 87.80% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of HNI to the average of the S&P500 Index (23.84), we can say HNI is valued rather cheaply.
Industry RankSector Rank
PE 11.64
Fwd PE 9.73
HNI Price Earnings VS Forward Price EarningsHNI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HNI indicates a rather cheap valuation: HNI is cheaper than 90.24% of the companies listed in the same industry.
  • 89.02% of the companies in the same industry are more expensive than HNI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.8
EV/EBITDA 6.55
HNI Per share dataHNI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of HNI may justify a higher PE ratio.
  • HNI's earnings are expected to grow with 18.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)0.81
EPS Next 2Y18.56%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. HNI Dividend Analysis

5.1 Amount

  • HNI has a Yearly Dividend Yield of 3.36%. Purely for dividend investing, there may be better candidates out there.
  • HNI's Dividend Yield is rather good when compared to the industry average which is at 0.83. HNI pays more dividend than 90.24% of the companies in the same industry.
  • HNI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.36%

5.2 History

  • The dividend of HNI has a limited annual growth rate of 3.58%.
  • HNI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HNI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.58%
Div Incr Years14
Div Non Decr Years26
HNI Yearly Dividends per shareHNI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • HNI pays out 44.63% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • HNI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP44.63%
EPS Next 2Y18.56%
EPS Next 3YN/A
HNI Yearly Income VS Free CF VS DividendHNI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
HNI Dividend Payout.HNI Dividend Payout, showing the Payout Ratio.HNI Dividend Payout.PayoutRetained Earnings

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HNI Fundamentals: All Metrics, Ratios and Statistics

HNI CORP

NYSE:HNI (3/13/2026, 8:04:00 PM)

After market: 40.5 0 (0%)

40.5

+0.04 (+0.1%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners128.59%
Inst Owner Change27.32%
Ins Owners1.81%
Ins Owner Change1.5%
Market Cap1.86B
Revenue(TTM)N/A
Net Income(TTM)141.60M
Analysts80
Price Target72.17 (78.2%)
Short Float %2.82%
Short Ratio2
Dividend
Industry RankSector Rank
Dividend Yield 3.36%
Yearly Dividend1.35
Dividend Growth(5Y)3.58%
DP44.63%
Div Incr Years14
Div Non Decr Years26
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.18%
Min EPS beat(2)1.98%
Max EPS beat(2)28.39%
EPS beat(4)4
Avg EPS beat(4)18.82%
Min EPS beat(4)1.98%
Max EPS beat(4)28.39%
EPS beat(8)8
Avg EPS beat(8)28.21%
EPS beat(12)12
Avg EPS beat(12)82.31%
EPS beat(16)16
Avg EPS beat(16)68.46%
Revenue beat(2)1
Avg Revenue beat(2)0.2%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)2.18%
Revenue beat(4)2
Avg Revenue beat(4)-0.12%
Min Revenue beat(4)-3.18%
Max Revenue beat(4)2.31%
Revenue beat(8)3
Avg Revenue beat(8)-1.33%
Revenue beat(12)5
Avg Revenue beat(12)-0.8%
Revenue beat(16)8
Avg Revenue beat(16)-0.9%
PT rev (1m)0%
PT rev (3m)5.6%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)-0.44%
EPS NY rev (1m)0.14%
EPS NY rev (3m)0.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 11.64
Fwd PE 9.73
P/S 0.72
P/FCF 9.8
P/OCF 7.42
P/B 2.22
P/tB 8
EV/EBITDA 6.55
EPS(TTM)3.48
EY8.59%
EPS(NY)4.16
Fwd EY10.27%
FCF(TTM)4.13
FCFY10.21%
OCF(TTM)5.46
OCFY13.47%
SpS56.57
BVpS18.24
TBVpS5.06
PEG (NY)0.59
PEG (5Y)0.81
Graham Number37.79
Profitability
Industry RankSector Rank
ROA 7.68%
ROE 16.94%
ROCE 15.82%
ROIC 12.16%
ROICexc 12.4%
ROICexgc 21.74%
OM 8.75%
PM (TTM) 5.46%
GM 41.49%
FCFM 7.31%
ROA(3y)6.25%
ROA(5y)5.14%
ROE(3y)14.39%
ROE(5y)12.08%
ROIC(3y)10.1%
ROIC(5y)9.3%
ROICexc(3y)10.32%
ROICexc(5y)9.75%
ROICexgc(3y)18.8%
ROICexgc(5y)18.69%
ROCE(3y)13.14%
ROCE(5y)12.1%
ROICexgc growth 3Y10.64%
ROICexgc growth 5Y-2.01%
ROICexc growth 3Y13.99%
ROICexc growth 5Y-0.96%
OM growth 3Y23.18%
OM growth 5Y4.73%
PM growth 3Y26.35%
PM growth 5Y2.34%
GM growth 3Y5.48%
GM growth 5Y2.07%
F-Score8
Asset Turnover1.41
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.8
Debt/EBITDA 1.01
Cap/Depr 58.78%
Cap/Sales 2.34%
Interest Coverage 250
Cash Conversion 75.81%
Profit Quality 133.83%
Current Ratio 1.33
Quick Ratio 0.85
Altman-Z 3.5
F-Score8
WACC8.52%
ROIC/WACC1.43
Cap/Depr(3y)71.22%
Cap/Depr(5y)69.5%
Cap/Sales(3y)2.75%
Cap/Sales(5y)2.68%
Profit Quality(3y)172.64%
Profit Quality(5y)207.79%
High Growth Momentum
Growth
EPS 1Y (TTM)13.73%
EPS 3Y16.69%
EPS 5Y14.35%
EPS Q2Q%-4.6%
EPS Next Y19.57%
EPS Next 2Y18.56%
EPS Next 3YN/A
EPS Next 5Y16.83%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%38.27%
Revenue Next Year129.43%
Revenue Next 2Y54.13%
Revenue Next 3YN/A
Revenue Next 5Y23.24%
EBIT growth 1Y1.25%
EBIT growth 3Y29.3%
EBIT growth 5Y7.21%
EBIT Next Year66.69%
EBIT Next 3Y52.79%
EBIT Next 5Y36.38%
FCF growth 1Y48.86%
FCF growth 3Y38.73%
FCF growth 5Y2.65%
OCF growth 1Y19.21%
OCF growth 3Y19.88%
OCF growth 5Y0.66%

HNI CORP / HNI Fundamental Analysis FAQ

What is the fundamental rating for HNI stock?

ChartMill assigns a fundamental rating of 7 / 10 to HNI.


Can you provide the valuation status for HNI CORP?

ChartMill assigns a valuation rating of 9 / 10 to HNI CORP (HNI). This can be considered as Undervalued.


What is the profitability of HNI stock?

HNI CORP (HNI) has a profitability rating of 8 / 10.


What is the valuation of HNI CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for HNI CORP (HNI) is 11.64 and the Price/Book (PB) ratio is 2.22.


How financially healthy is HNI CORP?

The financial health rating of HNI CORP (HNI) is 7 / 10.