HARBORONE BANCORP INC (HONE)

US41165Y1001 - Common Stock

10.26  +0.03 (+0.29%)

After market: 10.26 0 (0%)

Fundamental Rating

3

HONE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 411 industry peers in the Banks industry. The financial health of HONE is average, but there are quite some concerns on its profitability. HONE is quite expensive at the moment. It does show a decent growth rate.



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2

1. Profitability

1.1 Basic Checks

In the past year HONE was profitable.
HONE had a positive operating cash flow in the past year.
In the past 5 years HONE has always been profitable.
The reported operating cash flow has been mixed in the past 5 years: HONE reported negative operating cash flow in multiple years.

1.2 Ratios

Looking at the Return On Assets, with a value of 0.28%, HONE is doing worse than 86.86% of the companies in the same industry.
With a Return On Equity value of 2.75%, HONE is not doing good in the industry: 87.35% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.28%
ROE 2.75%
ROIC N/A
ROA(3y)0.81%
ROA(5y)0.77%
ROE(3y)6.25%
ROE(5y)5.59%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

HONE's Profit Margin of 9.51% is on the low side compared to the rest of the industry. HONE is outperformed by 87.59% of its industry peers.
In the last couple of years the Profit Margin of HONE has grown nicely.
The Operating Margin and Gross Margin are not available for HONE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 9.51%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-18.11%
PM growth 5Y2.86%
GM growth 3YN/A
GM growth 5YN/A

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5

2. Health

2.1 Basic Checks

HONE does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for HONE has been reduced compared to 1 year ago.
The number of shares outstanding for HONE has been reduced compared to 5 years ago.
HONE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

There is no outstanding debt for HONE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACCN/A
WACC14.14%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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4

3. Growth

3.1 Past

The earnings per share for HONE have decreased strongly by -36.08% in the last year.
Measured over the past years, HONE shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.33% on average per year.
Looking at the last year, HONE shows a very negative growth in Revenue. The Revenue has decreased by -18.02% in the last year.
HONE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.14% yearly.
EPS 1Y (TTM)-36.08%
EPS 3Y-9.27%
EPS 5Y25.33%
EPS growth Q2Q-57.14%
Revenue 1Y (TTM)-18.02%
Revenue growth 3Y-13.22%
Revenue growth 5Y4.14%
Revenue growth Q2Q-21.38%

3.2 Future

Based on estimates for the next years, HONE will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.62% on average per year.
The Revenue is expected to grow by 2.71% on average over the next years.
EPS Next Y-2.94%
EPS Next 2Y16.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-5.16%
Revenue Next 2Y2.71%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 16.55, which indicates a correct valuation of HONE.
Compared to the rest of the industry, the Price/Earnings ratio of HONE indicates a rather expensive valuation: HONE more expensive than 82.48% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 24.92. HONE is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 17.05 indicates a rather expensive valuation of HONE.
Based on the Price/Forward Earnings ratio, HONE is valued a bit more expensive than the industry average as 75.18% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of HONE to the average of the S&P500 Index (21.49), we can say HONE is valued slightly cheaper.
Industry RankSector Rank
PE 16.55
Fwd PE 17.05

4.2 Price Multiples

HONE's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 9.45
EV/EBITDA N/A

4.3 Compensation for Growth

HONE's earnings are expected to grow with 16.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.65
EPS Next 2Y16.62%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

HONE has a Yearly Dividend Yield of 3.13%. Purely for dividend investing, there may be better candidates out there.
HONE's Dividend Yield is comparable with the industry average which is at 3.82.
HONE's Dividend Yield is a higher than the S&P500 average which is at 2.41.
Industry RankSector Rank
Dividend Yield 3.13%

5.2 History

HONE has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

HONE pays out 79.77% of its income as dividend. This is not a sustainable payout ratio.
DP79.77%
EPS Next 2Y16.62%
EPS Next 3YN/A

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HARBORONE BANCORP INC

NASDAQ:HONE (4/26/2024, 7:00:02 PM)

After market: 10.26 0 (0%)

10.26

+0.03 (+0.29%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap463.44M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.13%
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 RankSector Rank
PE 16.55
Fwd PE 17.05
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)0.65
Profitability
Industry RankSector Rank
ROA 0.28%
ROE 2.75%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 9.51%
GM N/A
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 Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio N/A
Quick Ratio N/A
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)-36.08%
EPS 3Y-9.27%
EPS 5Y
EPS growth Q2Q
EPS Next Y-2.94%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-18.02%
Revenue growth 3Y-13.22%
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