HAVERTY FURNITURE COS-CL A (HVT.A)
US4195962000 - Common Stock
Overall HVT.A gets a fundamental rating of 6 out of 10. We evaluated HVT.A against 126 industry peers in the Specialty Retail industry. Both the health and profitability get an excellent rating, making HVT.A a very profitable company, without any liquidiy or solvency issues. HVT.A has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
HVT.A had positive earnings in the past year.
HVT.A had a positive operating cash flow in the past year.
HVT.A had positive earnings in each of the past 5 years.
In the past 5 years HVT.A always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 8.62%, HVT.A belongs to the best of the industry, outperforming 80.16% of the companies in the same industry.
With a decent Return On Equity value of 18.29%, HVT.A is doing good in the industry, outperforming 73.02% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.92%, HVT.A is in the better half of the industry, outperforming 74.60% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for HVT.A is in line with the industry average of 13.97%.
The 3 year average ROIC (15.66%) for HVT.A is well above the current ROIC(9.92%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.62% | ||
| ROE | 18.29% | ||
| ROIC | 9.92% |
ROA(3y)11.87%
ROA(5y)9.64%
ROE(3y)28.21%
ROE(5y)23.28%
ROIC(3y)15.66%
ROIC(5y)12.81%
1.3 Margins
Looking at the Profit Margin, with a value of 6.54%, HVT.A belongs to the top of the industry, outperforming 81.75% of the companies in the same industry.
In the last couple of years the Profit Margin of HVT.A has grown nicely.
HVT.A has a better Operating Margin (7.79%) than 76.98% of its industry peers.
In the last couple of years the Operating Margin of HVT.A has grown nicely.
The Gross Margin of HVT.A (60.68%) is better than 93.65% of its industry peers.
HVT.A's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.79% | ||
| PM (TTM) | 6.54% | ||
| GM | 60.68% |
OM growth 3Y-8.68%
OM growth 5Y8.8%
PM growth 3Y-6.13%
PM growth 5Y12.01%
GM growth 3Y2.71%
GM growth 5Y2.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HVT.A is still creating some value.
Compared to 1 year ago, HVT.A has less shares outstanding
The number of shares outstanding for HVT.A has been reduced compared to 5 years ago.
There is no outstanding debt for HVT.A. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
HVT.A has an Altman-Z score of 3.55. This indicates that HVT.A is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.55, HVT.A is in the better half of the industry, outperforming 73.81% of the companies in the same industry.
HVT.A has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.55 |
ROIC/WACC1.08
WACC9.22%
2.3 Liquidity
HVT.A has a Current Ratio of 1.82. This is a normal value and indicates that HVT.A is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.82, HVT.A is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
A Quick Ratio of 1.14 indicates that HVT.A should not have too much problems paying its short term obligations.
The Quick ratio of HVT.A (1.14) is better than 74.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
The earnings per share for HVT.A have decreased strongly by -36.12% in the last year.
Measured over the past years, HVT.A shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.80% on average per year.
The Revenue for HVT.A has decreased by -17.67% in the past year. This is quite bad
The Revenue has been growing slightly by 1.06% on average over the past years.
EPS 1Y (TTM)-36.12%
EPS 3Y20.72%
EPS 5Y18.8%
EPS growth Q2Q-36.62%
Revenue 1Y (TTM)-17.67%
Revenue growth 3Y4.83%
Revenue growth 5Y1.06%
Revenue growth Q2Q-24.9%
3.2 Future
Based on estimates for the next years, HVT.A will show a small growth in Earnings Per Share. The EPS will grow by 2.94% on average per year.
HVT.A is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.82% yearly.
EPS Next Y-27.46%
EPS Next 2Y2.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-3.06%
Revenue Next 2Y1.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.54, the valuation of HVT.A can be described as reasonable.
92.06% of the companies in the same industry are more expensive than HVT.A, based on the Price/Earnings ratio.
HVT.A is valuated cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.77, which indicates a very decent valuation of HVT.A.
Based on the Price/Forward Earnings ratio, HVT.A is valued a bit cheaper than 78.57% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.88, HVT.A is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.54 | ||
| Fwd PE | 11.77 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HVT.A indicates a rather cheap valuation: HVT.A is cheaper than 94.44% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HVT.A indicates a somewhat cheap valuation: HVT.A is cheaper than 79.37% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.57 | ||
| EV/EBITDA | 3.9 |
4.3 Compensation for Growth
The excellent profitability rating of HVT.A may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y2.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
HVT.A has a Yearly Dividend Yield of 4.49%, which is a nice return.
HVT.A's Dividend Yield is rather good when compared to the industry average which is at 3.56. HVT.A pays more dividend than 93.65% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, HVT.A pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
5.2 History
The dividend of HVT.A has a limited annual growth rate of 5.06%.
HVT.A has been paying a dividend for over 5 years, so it has already some track record.
The dividend of HVT.A decreased recently.
Dividend Growth(5Y)5.06%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
62.48% of the earnings are spent on dividend by HVT.A. This is not a sustainable payout ratio.
The dividend of HVT.A is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP62.48%
EPS Next 2Y2.94%
EPS Next 3YN/A
HAVERTY FURNITURE COS-CL A
NYSE:HVT.A (5/3/2024, 7:04:00 PM)
28.69
+0.68 (+2.43%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap465.93M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
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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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.54 | ||
| Fwd PE | 11.77 | ||
| 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)0.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.62% | ||
| ROE | 18.29% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.79% | ||
| PM (TTM) | 6.54% | ||
| GM | 60.68% | ||
| 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 Turnover1.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.14 | ||
| 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)-36.12%
EPS 3Y20.72%
EPS 5Y
EPS growth Q2Q
EPS Next Y-27.46%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-17.67%
Revenue growth 3Y4.83%
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