HNI CORP (HNI) Fundamental Analysis & Valuation

NYSE:HNI • US4042511000

Current stock price

35.21 USD
-1.62 (-4.4%)
At close:
35.21 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.

6

1. HNI Profitability Analysis

1.1 Basic Checks

  • HNI had positive earnings in the past year.
  • HNI had a positive operating cash flow in the past year.
  • Each year in the past 5 years HNI has been profitable.
  • In the past 5 years HNI always reported a positive cash flow from operatings.
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 2025 50M 100M 150M 200M 250M

1.2 Ratios

  • The Return On Assets of HNI (1.11%) is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 2.95%, HNI is in line with its industry, outperforming 58.54% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 4.41%, HNI is in line with its industry, outperforming 56.10% of the companies in the same industry.
  • HNI had an Average Return On Invested Capital over the past 3 years of 7.81%. This is below the industry average of 10.18%.
Industry RankSector Rank
ROA 1.11%
ROE 2.95%
ROIC 4.41%
ROA(3y)3.7%
ROA(5y)4.77%
ROE(3y)8.67%
ROE(5y)11.25%
ROIC(3y)7.81%
ROIC(5y)7.71%
HNI Yearly ROA, ROE, ROICHNI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • HNI has a better Profit Margin (1.91%) than 60.98% of its industry peers.
  • In the last couple of years the Profit Margin of HNI has declined.
  • Looking at the Operating Margin, with a value of 8.45%, HNI is in the better half of the industry, outperforming 64.63% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HNI has grown nicely.
  • With a decent Gross Margin value of 41.46%, HNI is doing good in the industry, outperforming 71.95% 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 8.45%
PM (TTM) 1.91%
GM 41.46%
OM growth 3Y18.66%
OM growth 5Y9.23%
PM growth 3Y-28.6%
PM growth 5Y-2.28%
GM growth 3Y5.14%
GM growth 5Y2.4%
HNI Yearly Profit, Operating, Gross MarginsHNI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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2

2. HNI Health Analysis

2.1 Basic Checks

  • HNI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • HNI has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, HNI has more shares outstanding
  • HNI has a worse debt/assets ratio than last year.
HNI Yearly Shares OutstandingHNI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
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 2025 1B 2B 3B 4B

2.2 Solvency

  • HNI has an Altman-Z score of 1.50. This is a bad value and indicates that HNI is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.50, HNI is doing worse than 62.20% of the companies in the same industry.
  • The Debt to FCF ratio of HNI is 6.44, which is on the high side as it means it would take HNI, 6.44 years of fcf income to pay off all of its debts.
  • HNI's Debt to FCF ratio of 6.44 is fine compared to the rest of the industry. HNI outperforms 68.29% of its industry peers.
  • A Debt/Equity ratio of 0.70 indicates that HNI is somewhat dependend on debt financing.
  • HNI's Debt to Equity ratio of 0.70 is in line compared to the rest of the industry. HNI outperforms 46.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 6.44
Altman-Z 1.5
ROIC/WACC0.55
WACC7.96%
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 2025 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 1.24 indicates that HNI should not have too much problems paying its short term obligations.
  • The Current ratio of HNI (1.24) is worse than 62.20% of its industry peers.
  • A Quick Ratio of 0.82 indicates that HNI may have some problems paying its short term obligations.
  • HNI's Quick ratio of 0.82 is on the low side compared to the rest of the industry. HNI is outperformed by 75.61% of its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 0.82
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 2025 500M 1B

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7

3. HNI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.73% over the past year.
  • HNI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.35% yearly.
  • Looking at the last year, HNI shows a quite strong growth in Revenue. The Revenue has grown by 12.38% in the last year.
  • Measured over the past years, HNI shows a small growth in Revenue. The Revenue has been growing by 7.74% on average per year.
EPS 1Y (TTM)13.73%
EPS 3Y16.69%
EPS 5Y14.35%
EPS Q2Q%-4.6%
Revenue 1Y (TTM)12.38%
Revenue growth 3Y6.33%
Revenue growth 5Y7.74%
Sales Q2Q%38.27%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.83% on average over the next years. This is quite good.
  • HNI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.24% yearly.
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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better 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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8

4. HNI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.12, which indicates a very decent valuation of HNI.
  • Based on the Price/Earnings ratio, HNI is valued cheaply inside the industry as 87.80% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, HNI is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.46, which indicates a very decent valuation of HNI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of HNI indicates a rather cheap valuation: HNI is cheaper than 87.80% of the companies listed in the same industry.
  • HNI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.51.
Industry RankSector Rank
PE 10.12
Fwd PE 8.46
HNI Price Earnings VS Forward Price EarningsHNI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • HNI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HNI is cheaper than 69.51% of the companies in the same industry.
  • 80.49% 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 12.04
EV/EBITDA 10.79
HNI Per share dataHNI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • HNI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • HNI has a very decent profitability rating, which 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)0.52
PEG (5Y)0.71
EPS Next 2Y18.56%
EPS Next 3YN/A

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7

5. HNI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.94%, HNI has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.83, HNI pays a better dividend. On top of this HNI pays more dividend than 92.68% of the companies listed in the same industry.
  • HNI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 3.94%

5.2 History

  • The dividend of HNI has a limited annual growth rate of 3.58%.
  • HNI has paid a dividend for at least 10 years, which is a reliable track record.
  • HNI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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 116.64% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of HNI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP116.64%
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 2025 50M 100M 150M 200M
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 (3/26/2026, 8:27:26 PM)

After market: 35.21 0 (0%)

35.21

-1.62 (-4.4%)

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 Cap2.51B
Revenue(TTM)2.84B
Net Income(TTM)54.10M
Analysts80
Price Target72.17 (104.97%)
Short Float %3.94%
Short Ratio2.7
Dividend
Industry RankSector Rank
Dividend Yield 3.94%
Yearly Dividend1.35
Dividend Growth(5Y)3.58%
DP116.64%
Div Incr Years14
Div Non Decr Years26
Ex-Date03-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.86%
Min EPS beat(2)-9.69%
Max EPS beat(2)1.98%
EPS beat(4)3
Avg EPS beat(4)12.2%
Min EPS beat(4)-9.69%
Max EPS beat(4)28.39%
EPS beat(8)7
Avg EPS beat(8)24.8%
EPS beat(12)11
Avg EPS beat(12)78.95%
EPS beat(16)15
Avg EPS beat(16)67.56%
Revenue beat(2)1
Avg Revenue beat(2)10.76%
Min Revenue beat(2)-1.78%
Max Revenue beat(2)23.29%
Revenue beat(4)3
Avg Revenue beat(4)6.5%
Min Revenue beat(4)-1.78%
Max Revenue beat(4)23.29%
Revenue beat(8)4
Avg Revenue beat(8)1.79%
Revenue beat(12)5
Avg Revenue beat(12)1.08%
Revenue beat(16)8
Avg Revenue beat(16)0.55%
PT rev (1m)0%
PT rev (3m)5.6%
EPS NQ rev (1m)-26.02%
EPS NQ rev (3m)-30.27%
EPS NY rev (1m)0.98%
EPS NY rev (3m)1.73%
Revenue NQ rev (1m)-1.61%
Revenue NQ rev (3m)128.46%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)123.37%
Valuation
Industry RankSector Rank
PE 10.12
Fwd PE 8.46
P/S 0.88
P/FCF 12.04
P/OCF 9.09
P/B 1.37
P/tB 18.87
EV/EBITDA 10.79
EPS(TTM)3.48
EY9.88%
EPS(NY)4.16
Fwd EY11.82%
FCF(TTM)2.92
FCFY8.3%
OCF(TTM)3.88
OCFY11.01%
SpS39.84
BVpS25.76
TBVpS1.87
PEG (NY)0.52
PEG (5Y)0.71
Graham Number44.91
Profitability
Industry RankSector Rank
ROA 1.11%
ROE 2.95%
ROCE 6.41%
ROIC 4.41%
ROICexc 4.68%
ROICexgc 9.04%
OM 8.45%
PM (TTM) 1.91%
GM 41.46%
FCFM 7.34%
ROA(3y)3.7%
ROA(5y)4.77%
ROE(3y)8.67%
ROE(5y)11.25%
ROIC(3y)7.81%
ROIC(5y)7.71%
ROICexc(3y)8.04%
ROICexc(5y)7.96%
ROICexgc(3y)14.93%
ROICexgc(5y)14.89%
ROCE(3y)11.35%
ROCE(5y)11.2%
ROICexgc growth 3Y-14.93%
ROICexgc growth 5Y-13.05%
ROICexc growth 3Y-17.14%
ROICexc growth 5Y-11.24%
OM growth 3Y18.66%
OM growth 5Y9.23%
PM growth 3Y-28.6%
PM growth 5Y-2.28%
GM growth 3Y5.14%
GM growth 5Y2.4%
F-Score6
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 6.44
Debt/EBITDA 3.7
Cap/Depr 63.31%
Cap/Sales 2.39%
Interest Coverage 9.49
Cash Conversion 79.57%
Profit Quality 385.21%
Current Ratio 1.24
Quick Ratio 0.82
Altman-Z 1.5
F-Score6
WACC7.96%
ROIC/WACC0.55
Cap/Depr(3y)65.24%
Cap/Depr(5y)71.4%
Cap/Sales(3y)2.58%
Cap/Sales(5y)2.73%
Profit Quality(3y)297.34%
Profit Quality(5y)202.26%
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)12.38%
Revenue growth 3Y6.33%
Revenue growth 5Y7.74%
Sales Q2Q%38.27%
Revenue Next Year129.43%
Revenue Next 2Y54.13%
Revenue Next 3YN/A
Revenue Next 5Y23.24%
EBIT growth 1Y10.19%
EBIT growth 3Y26.17%
EBIT growth 5Y17.69%
EBIT Next Year137.13%
EBIT Next 3YN/A
EBIT Next 5Y34.37%
FCF growth 1Y19.91%
FCF growth 3Y152.8%
FCF growth 5Y3.83%
OCF growth 1Y21.84%
OCF growth 3Y50.33%
OCF growth 5Y5.19%

HNI CORP / HNI Fundamental Analysis FAQ

What is the fundamental rating for HNI stock?

ChartMill assigns a fundamental rating of 5 / 10 to HNI.


Can you provide the valuation status for HNI CORP?

ChartMill assigns a valuation rating of 8 / 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 6 / 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 10.12 and the Price/Book (PB) ratio is 1.37.


How financially healthy is HNI CORP?

The financial health rating of HNI CORP (HNI) is 2 / 10.