HALLADOR ENERGY CO (HNRG) Stock Fundamental Analysis
USA - NASDAQ:HNRG - US40609P1057 - Common Stock
21.41 USD
+0.39 (+1.86%)
21.36 USD
-0.05 (-0.23%)
We assign a fundamental rating of 4 out of 10 to HNRG. HNRG was compared to 20 industry peers in the Independent Power and Renewable Electricity Producers industry. While HNRG seems to be doing ok healthwise, there are quite some concerns on its profitability. HNRG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year HNRG was profitable.
In the past year HNRG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: HNRG reported negative net income in multiple years.
Each year in the past 5 years HNRG had a positive operating cash flow.
1.2 Ratios
HNRG has a Return On Assets of -47.86%. This is amonst the worse of the industry: HNRG underperforms 90.00% of its industry peers.
The Return On Equity of HNRG (-160.46%) is worse than 85.00% of its industry peers.
HNRG has a Return On Invested Capital of 13.61%. This is amongst the best in the industry. HNRG outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -47.86% | ||
| ROE | -160.46% | ||
| ROIC | 13.61% |
ROA(3y)-16.84%
ROA(5y)-10.64%
ROE(3y)-63.69%
ROE(5y)-39.29%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Operating Margin of HNRG (7.14%) is worse than 60.00% of its industry peers.
Looking at the Gross Margin, with a value of 46.13%, HNRG is in line with its industry, outperforming 45.00% of the companies in the same industry.
In the last couple of years the Gross Margin of HNRG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.14% | ||
| PM (TTM) | N/A | ||
| GM | 46.14% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y26.26%
GM growth 5Y11.99%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HNRG is still creating some value.
HNRG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, HNRG has more shares outstanding
Compared to 1 year ago, HNRG has an improved debt to assets ratio.
2.2 Solvency
HNRG has an Altman-Z score of 2.72. This is not the best score and indicates that HNRG is in the grey zone with still only limited risk for bankruptcy at the moment.
HNRG has a better Altman-Z score (2.72) than 90.00% of its industry peers.
The Debt to FCF ratio of HNRG is 2.15, which is a good value as it means it would take HNRG, 2.15 years of fcf income to pay off all of its debts.
HNRG has a Debt to FCF ratio of 2.15. This is amongst the best in the industry. HNRG outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 0.25 indicates that HNRG is not too dependend on debt financing.
HNRG has a better Debt to Equity ratio (0.25) than 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.15 | ||
| Altman-Z | 2.72 |
ROIC/WACC1.53
WACC8.88%
2.3 Liquidity
A Current Ratio of 0.67 indicates that HNRG may have some problems paying its short term obligations.
With a Current ratio value of 0.67, HNRG is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
A Quick Ratio of 0.26 indicates that HNRG may have some problems paying its short term obligations.
HNRG has a Quick ratio of 0.26. This is amonst the worse of the industry: HNRG underperforms 95.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
HNRG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 340.00%, which is quite impressive.
HNRG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.52%.
The Revenue has been growing slightly by 4.76% on average over the past years.
EPS 1Y (TTM)340%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.19%
Revenue 1Y (TTM)-13.52%
Revenue growth 3Y17.75%
Revenue growth 5Y4.76%
Sales Q2Q%13.17%
3.2 Future
HNRG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 34.83% yearly.
Based on estimates for the next years, HNRG will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y200.81%
EPS Next 2Y85.98%
EPS Next 3Y58.96%
EPS Next 5Y34.83%
Revenue Next Year9.9%
Revenue Next 2Y7.31%
Revenue Next 3Y10.2%
Revenue Next 5Y6.78%
3.3 Evolution
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
A Price/Earnings ratio of 59.47 indicates a quite expensive valuation of HNRG.
HNRG's Price/Earnings ratio is a bit cheaper when compared to the industry. HNRG is cheaper than 65.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.50, HNRG is valued quite expensively.
With a Price/Forward Earnings ratio of 34.13, HNRG can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, HNRG is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.99, HNRG is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.47 | ||
| Fwd PE | 34.13 |
4.2 Price Multiples
75.00% of the companies in the same industry are more expensive than HNRG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, HNRG is valued a bit cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.74 | ||
| EV/EBITDA | 10.92 |
4.3 Compensation for Growth
HNRG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
HNRG's earnings are expected to grow with 58.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y85.98%
EPS Next 3Y58.96%
5. Dividend
5.1 Amount
HNRG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
21.41
+0.39 (+1.86%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)
Earnings (Next)
Inst Owners66.21%
Inst Owner Change-0.06%
Ins Owners6.37%
Ins Owner Change0%
Market Cap920.84M
Analysts80
Price Target22.19 (3.64%)
Short Float %8.48%
Short Ratio4.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)247.06%
Min EPS beat(2)247.06%
Max EPS beat(2)247.06%
EPS beat(4)3
Avg EPS beat(4)154.72%
Min EPS beat(4)-14.44%
Max EPS beat(4)247.06%
EPS beat(8)4
Avg EPS beat(8)31.76%
EPS beat(12)7
Avg EPS beat(12)74.47%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)12.13%
Min Revenue beat(2)7.25%
Max Revenue beat(2)17%
Revenue beat(4)2
Avg Revenue beat(4)2.24%
Min Revenue beat(4)-12.05%
Max Revenue beat(4)17%
Revenue beat(8)3
Avg Revenue beat(8)-2.61%
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)1.95%
PT rev (3m)5.24%
EPS NQ rev (1m)1400%
EPS NQ rev (3m)221.48%
EPS NY rev (1m)10.39%
EPS NY rev (3m)418.76%
Revenue NQ rev (1m)6.61%
Revenue NQ rev (3m)12.73%
Revenue NY rev (1m)2.46%
Revenue NY rev (3m)11.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.47 | ||
| Fwd PE | 34.13 | ||
| P/S | 2.19 | ||
| P/FCF | 35.74 | ||
| P/OCF | 12.14 | ||
| P/B | 7.54 | ||
| P/tB | 7.54 | ||
| EV/EBITDA | 10.92 |
EPS(TTM)0.36
EY1.68%
EPS(NY)0.63
Fwd EY2.93%
FCF(TTM)0.6
FCFY2.8%
OCF(TTM)1.76
OCFY8.23%
SpS9.76
BVpS2.84
TBVpS2.84
PEG (NY)0.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -47.86% | ||
| ROE | -160.46% | ||
| ROCE | 14.96% | ||
| ROIC | 13.61% | ||
| ROICexc | 14.26% | ||
| ROICexgc | 14.26% | ||
| OM | 7.14% | ||
| PM (TTM) | N/A | ||
| GM | 46.14% | ||
| FCFM | 6.14% |
ROA(3y)-16.84%
ROA(5y)-10.64%
ROE(3y)-63.69%
ROE(5y)-39.29%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y26.26%
GM growth 5Y11.99%
F-Score5
Asset Turnover1.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.15 | ||
| Debt/EBITDA | 0.36 | ||
| Cap/Depr | 87.74% | ||
| Cap/Sales | 11.92% | ||
| Interest Coverage | 4.3 | ||
| Cash Conversion | 87.14% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | 2.72 |
F-Score5
WACC8.88%
ROIC/WACC1.53
Cap/Depr(3y)102.89%
Cap/Depr(5y)86.21%
Cap/Sales(3y)13.33%
Cap/Sales(5y)11.96%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)340%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%185.19%
EPS Next Y200.81%
EPS Next 2Y85.98%
EPS Next 3Y58.96%
EPS Next 5Y34.83%
Revenue 1Y (TTM)-13.52%
Revenue growth 3Y17.75%
Revenue growth 5Y4.76%
Sales Q2Q%13.17%
Revenue Next Year9.9%
Revenue Next 2Y7.31%
Revenue Next 3Y10.2%
Revenue Next 5Y6.78%
EBIT growth 1Y233.72%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1005.96%
EBIT Next 3Y176.89%
EBIT Next 5Y105.38%
FCF growth 1Y-29.21%
FCF growth 3Y-14.23%
FCF growth 5Y35.91%
OCF growth 1Y-22.73%
OCF growth 3Y11.19%
OCF growth 5Y11.51%