HNNA Fundamental Analysis - HENNESSY ADVISORS INC

Fundamental Rating

Overall HNNA gets a fundamental rating of 5 out of 10. We evaluated HNNA against 237 industry peers in the Capital Markets industry. HNNA scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HNNA is valued correctly, but it does not seem to be growing.

Quickly go to:

1. Profitability

1.1 Basic Checks

HNNA had positive earnings in the past year.

In the past year HNNA had a positive cash flow from operations.

Each year in the past 5 years HNNA has been profitable.

In the past 5 years HNNA always reported a positive cash flow from operatings.

1.2 Ratios

With a decent Return On Assets value of 6.28%, HNNA is doing good in the industry, outperforming 79.32% of the companies in the same industry.

HNNA's Return On Equity of 10.27% is fine compared to the rest of the industry. HNNA outperforms 61.18% of its industry peers.

Looking at the Return On Invested Capital, with a value of 6.15%, HNNA is in the better half of the industry, outperforming 72.15% of the companies in the same industry.

Measured over the past 3 years, the Average Return On Invested Capital for HNNA is below the industry average of 7.69%.

The last Return On Invested Capital (6.15%) for HNNA is above the 3 year average (4.26%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	6.28%
ROE	10.27%
ROIC	6.15%

ROA(3y)4.08%

ROA(5y)5.65%

ROE(3y)6.79%

ROE(5y)7.98%

ROIC(3y)4.26%

ROIC(5y)6.03%

1.3 Margins

HNNA has a Profit Margin of 27.50%. This is in the better half of the industry: HNNA outperforms 70.46% of its industry peers.

HNNA's Profit Margin has declined in the last couple of years.

HNNA's Operating Margin of 36.03% is fine compared to the rest of the industry. HNNA outperforms 66.24% of its industry peers.

In the last couple of years the Operating Margin of HNNA has declined.

The Gross Margin of HNNA (87.69%) is better than 91.56% of its industry peers.

HNNA's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector Rank
OM	36.03%
PM (TTM)	27.5%
GM	87.69%

OM growth 3Y-3.43%

OM growth 5Y-4.42%

PM growth 3Y-0.24%

PM growth 5Y-1.5%

GM growth 3Y3.45%

GM growth 5Y1.85%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

2. Health

2.1 Basic Checks

Compared to 1 year ago, HNNA has more shares outstanding

The number of shares outstanding for HNNA has been increased compared to 5 years ago.

The debt/assets ratio for HNNA has been reduced compared to a year ago.

2.2 Solvency

HNNA has an Altman-Z score of 2.54. This is not the best score and indicates that HNNA is in the grey zone with still only limited risk for bankruptcy at the moment.

HNNA's Altman-Z score of 2.54 is fine compared to the rest of the industry. HNNA outperforms 74.68% of its industry peers.

The Debt to FCF ratio of HNNA is 3.16, which is a good value as it means it would take HNNA, 3.16 years of fcf income to pay off all of its debts.

With a decent Debt to FCF ratio value of 3.16, HNNA is doing good in the industry, outperforming 77.64% of the companies in the same industry.

A Debt/Equity ratio of 0.42 indicates that HNNA is not too dependend on debt financing.

HNNA has a better Debt to Equity ratio (0.42) than 69.20% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.42
Debt/FCF	3.16
Altman-Z	2.54

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 17.79 indicates that HNNA has no problem at all paying its short term obligations.

With an excellent Current ratio value of 17.79, HNNA belongs to the best of the industry, outperforming 99.16% of the companies in the same industry.

HNNA has a Quick Ratio of 17.79. This indicates that HNNA is financially healthy and has no problem in meeting its short term obligations.

With an excellent Quick ratio value of 17.79, HNNA belongs to the best of the industry, outperforming 99.16% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	17.79
Quick Ratio	17.79

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 82.57% over the past year.

Measured over the past years, HNNA shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.33% on average per year.

HNNA shows a strong growth in Revenue. In the last year, the Revenue has grown by 41.95%.

HNNA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -7.05% yearly.

EPS 1Y (TTM)82.57%

EPS 3Y-4.94%

EPS 5Y-8.33%

EPS Q2Q%65%

Revenue 1Y (TTM)41.95%

Revenue growth 3Y-3.27%

Revenue growth 5Y-7.05%

Sales Q2Q%33.72%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.94, the valuation of HNNA can be described as reasonable.

Based on the Price/Earnings ratio, HNNA is valued a bit cheaper than 78.90% of the companies in the same industry.

The average S&P500 Price/Earnings ratio is at 26.84. HNNA is valued rather cheaply when compared to this.

		Industry Rank	Sector Rank
PE	8.94
Fwd PE	N/A

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, HNNA is valued cheaper than 94.51% of the companies in the same industry.

HNNA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. HNNA is cheaper than 79.32% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	6.94
EV/EBITDA	4.55

4.3 Compensation for Growth

HNNA has a very decent profitability rating, which may justify a higher PE ratio.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2YN/A

EPS Next 3YN/A

More info and screens

Show best valued peers

5. Dividend

5.1 Amount

HNNA has a Yearly Dividend Yield of 4.93%, which is a nice return.

Compared to an average industry Dividend Yield of 7.68, HNNA has a dividend in line with its industry peers.

HNNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.

		Industry Rank	Sector Rank
Dividend Yield	4.93%

5.2 History

The dividend of HNNA has a limited annual growth rate of 3.18%.

HNNA has been paying a dividend for at least 10 years, so it has a reliable track record.

The dividend of HNNA decreased in the last 3 years.

Dividend Growth(5Y)3.18%

Div Incr Years0

Div Non Decr Years2

5.3 Sustainability

42.70% of the earnings are spent on dividend by HNNA. This is a bit on the high side, but may be sustainable.

DP42.7%

EPS Next 2YN/A

EPS Next 3YN/A

More info and screens

Find the best dividend stocks

Show peers with best dividend

HENNESSY ADVISORS INC

NASDAQ:HNNA (8/20/2025, 8:00:44 PM)

11.17

-0.04 (-0.36%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupFinancial Services

GICS IndustryCapital Markets

Earnings (Last)08-07 2025-08-07

Earnings (Next)12-09 2025-12-09

Inst Owners13.78%

Inst Owner Change8.17%

Ins Owners36.54%

Ins Owner Change-5.16%

Market Cap87.01M

Analysts82.86

Price TargetN/A

Short Float %2.29%

Short Ratio12.58

Dividend

		Industry Rank	Sector Rank
Dividend Yield	4.93%

Yearly Dividend0.54

Dividend Growth(5Y)3.18%

DP42.7%

Div Incr Years0

Div Non Decr Years2

Ex-Date08-20 2025-08-20 (0.1375)

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)N/A

Avg Revenue beat(2)N/A

Min Revenue beat(2)N/A

Max Revenue beat(2)N/A

Revenue beat(4)N/A

Avg Revenue beat(4)N/A

Min Revenue beat(4)N/A

Max Revenue beat(4)N/A

Revenue beat(8)N/A

Avg Revenue beat(8)N/A

Revenue beat(12)N/A

Avg Revenue beat(12)N/A

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)0%

PT rev (3m)0%

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)N/A

EPS NY rev (3m)N/A

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)N/A

Revenue NY rev (3m)N/A

Valuation

		Industry Rank	Sector Rank
PE	8.94
Fwd PE	N/A
P/S	2.45
P/FCF	6.94
P/OCF	6.71
P/B	0.91
P/tB	6.74
EV/EBITDA	4.55

EPS(TTM)1.25

EY11.19%

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)1.61

FCFY14.4%

OCF(TTM)1.66

OCFY14.9%

SpS4.56

BVpS12.22

TBVpS1.66

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	6.28%
ROE	10.27%
ROCE	8.45%
ROIC	6.15%
ROICexc	11.1%
ROICexgc	571.39%
OM	36.03%
PM (TTM)	27.5%
GM	87.69%
FCFM	35.26%

ROA(3y)4.08%

ROA(5y)5.65%

ROE(3y)6.79%

ROE(5y)7.98%

ROIC(3y)4.26%

ROIC(5y)6.03%

ROICexc(3y)7.44%

ROICexc(5y)8.49%

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)5.86%

ROCE(5y)8.3%

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3Y-7.62%

ROICexc growth 5Y-13.19%

OM growth 3Y-3.43%

OM growth 5Y-4.42%

PM growth 3Y-0.24%

PM growth 5Y-1.5%

GM growth 3Y3.45%

GM growth 5Y1.85%

F-Score8

Asset Turnover0.23

Health

		Industry Rank	Sector Rank
Debt/Equity	0.42
Debt/FCF	3.16
Debt/EBITDA	3.04
Cap/Depr	177.87%
Cap/Sales	1.22%
Interest Coverage	6.53
Cash Conversion	99.33%
Profit Quality	128.21%
Current Ratio	17.79
Quick Ratio	17.79
Altman-Z	2.54

F-Score8

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)333.21%

Cap/Depr(5y)295%

Cap/Sales(3y)2.86%

Cap/Sales(5y)2.4%

Profit Quality(3y)127.02%

Profit Quality(5y)126.73%

High Growth Momentum

Growth

EPS 1Y (TTM)82.57%

EPS 3Y-4.94%

EPS 5Y-8.33%

EPS Q2Q%65%

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)41.95%

Revenue growth 3Y-3.27%

Revenue growth 5Y-7.05%

Sales Q2Q%33.72%

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y97.67%

EBIT growth 3Y-6.59%

EBIT growth 5Y-11.16%

EBIT Next Year75923.5%

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y94.9%

FCF growth 3Y-7.7%

FCF growth 5Y-8.48%

OCF growth 1Y82.88%

OCF growth 3Y-3.71%

OCF growth 5Y-8.41%

HENNESSY ADVISORS INC (HNNA) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens