HENNESSY ADVISORS INC (HNNA)
US4258851009 - Common Stock
Overall HNNA gets a fundamental rating of 4 out of 10. We evaluated HNNA against 209 industry peers in the Capital Markets industry. HNNA is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. HNNA is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year HNNA was profitable.
HNNA had a positive operating cash flow in the past year.
In the past 5 years HNNA has always been profitable.
In the past 5 years HNNA always reported a positive cash flow from operatings.
1.2 Ratios
HNNA has a Return On Assets of 3.35%. This is comparable to the rest of the industry: HNNA outperforms 47.83% of its industry peers.
With a Return On Equity value of 5.51%, HNNA is not doing good in the industry: 68.60% of the companies in the same industry are doing better.
The Return On Invested Capital of HNNA (3.25%) is worse than 63.77% of its industry peers.
HNNA had an Average Return On Invested Capital over the past 3 years of 5.72%. This is below the industry average of 8.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 5.51% | ||
| ROIC | 3.25% |
ROA(3y)5.11%
ROA(5y)6.72%
ROE(3y)7.36%
ROE(5y)9.35%
ROIC(3y)5.72%
ROIC(5y)7.76%
1.3 Margins
HNNA has a Profit Margin (20.24%) which is in line with its industry peers.
In the last couple of years the Profit Margin of HNNA has declined.
HNNA has a Operating Margin (25.60%) which is in line with its industry peers.
HNNA's Operating Margin has declined in the last couple of years.
HNNA's Gross Margin of 84.58% is amongst the best of the industry. HNNA outperforms 85.99% of its industry peers.
In the last couple of years the Gross Margin of HNNA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.6% | ||
| PM (TTM) | 20.24% | ||
| GM | 84.59% |
OM growth 3Y-8.03%
OM growth 5Y-10.07%
PM growth 3Y-5.42%
PM growth 5Y-12.06%
GM growth 3Y2.94%
GM growth 5Y0.85%
2. Health
2.1 Basic Checks
The number of shares outstanding for HNNA has been increased compared to 1 year ago.
The number of shares outstanding for HNNA has been reduced compared to 5 years ago.
Compared to 1 year ago, HNNA has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.01 indicates that HNNA is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.01, HNNA is in the better half of the industry, outperforming 71.01% of the companies in the same industry.
HNNA has a debt to FCF ratio of 5.69. This is a neutral value as HNNA would need 5.69 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.69, HNNA is in the better half of the industry, outperforming 62.80% of the companies in the same industry.
A Debt/Equity ratio of 0.45 indicates that HNNA is not too dependend on debt financing.
HNNA has a better Debt to Equity ratio (0.45) than 71.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 5.69 | ||
| Altman-Z | 2.01 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 22.62 indicates that HNNA has no problem at all paying its short term obligations.
HNNA has a better Current ratio (22.62) than 99.03% of its industry peers.
A Quick Ratio of 22.62 indicates that HNNA has no problem at all paying its short term obligations.
HNNA has a Quick ratio of 22.62. This is amongst the best in the industry. HNNA outperforms 99.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 22.62 | ||
| Quick Ratio | 22.62 |
3. Growth
3.1 Past
HNNA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.54%.
HNNA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -24.80% yearly.
HNNA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.98%.
The Revenue for HNNA have been decreasing by -15.14% on average. This is quite bad
EPS 1Y (TTM)-9.54%
EPS 3Y-16.04%
EPS 5Y-24.8%
EPS growth Q2Q4.25%
Revenue 1Y (TTM)-11.98%
Revenue growth 3Y-10.4%
Revenue growth 5Y-15.14%
Revenue growth Q2Q-0.1%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.76 indicates a reasonable valuation of HNNA.
HNNA's Price/Earnings ratio is a bit cheaper when compared to the industry. HNNA is cheaper than 64.73% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 24.76. HNNA is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.76 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HNNA indicates a rather cheap valuation: HNNA is cheaper than 91.79% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, HNNA is valued a bit cheaper than the industry average as 78.74% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.67 | ||
| EV/EBITDA | 5.29 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
HNNA has a Yearly Dividend Yield of 7.72%, which is a nice return.
HNNA's Dividend Yield is a higher than the industry average which is at 7.52.
HNNA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.72% |
5.2 History
The dividend of HNNA is nicely growing with an annual growth rate of 7.92%!
HNNA has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of HNNA decreased recently.
Dividend Growth(5Y)7.92%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
HNNA pays out 84.55% of its income as dividend. This is not a sustainable payout ratio.
HNNA's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP84.55%
EPS Next 2YN/A
EPS Next 3YN/A
HENNESSY ADVISORS INC
NASDAQ:HNNA (4/19/2024, 7:00:02 PM)
After market: 6.7 -0.18 (-2.69%)6.885
-0.17 (-2.48%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap52.88M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.72% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(4)
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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 | 10.76 | ||
| Fwd PE | N/A | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.35% | ||
| ROE | 5.51% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 25.6% | ||
| PM (TTM) | 20.24% | ||
| GM | 84.59% | ||
| 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 Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 22.62 | ||
| Quick Ratio | 22.62 | ||
| 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)-9.54%
EPS 3Y-16.04%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.98%
Revenue growth 3Y-10.4%
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