HAVERTY FURNITURE (HVT)
US4195961010 - Common Stock
HVT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 126 industry peers in the Specialty Retail industry. HVT has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. HVT is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HVT had positive earnings in the past year.
HVT had a positive operating cash flow in the past year.
HVT had positive earnings in each of the past 5 years.
In the past 5 years HVT always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of HVT (8.62%) is better than 80.16% of its industry peers.
HVT has a better Return On Equity (18.29%) than 73.02% of its industry peers.
HVT has a better Return On Invested Capital (9.92%) than 74.60% of its industry peers.
The Average Return On Invested Capital over the past 3 years for HVT is in line with the industry average of 14.01%.
The 3 year average ROIC (15.66%) for HVT 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
The Profit Margin of HVT (6.54%) is better than 81.75% of its industry peers.
HVT's Profit Margin has improved in the last couple of years.
HVT has a Operating Margin of 7.79%. This is in the better half of the industry: HVT outperforms 76.98% of its industry peers.
HVT's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 60.68%, HVT belongs to the best of the industry, outperforming 93.65% of the companies in the same industry.
HVT'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 is still creating some value.
HVT has less shares outstanding than it did 1 year ago.
HVT has less shares outstanding than it did 5 years ago.
HVT 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
HVT has an Altman-Z score of 3.64. This indicates that HVT is financially healthy and has little risk of bankruptcy at the moment.
HVT has a Altman-Z score of 3.64. This is in the better half of the industry: HVT outperforms 75.40% of its industry peers.
There is no outstanding debt for HVT. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.64 |
ROIC/WACC1.07
WACC9.27%
2.3 Liquidity
A Current Ratio of 1.82 indicates that HVT should not have too much problems paying its short term obligations.
HVT's Current ratio of 1.82 is fine compared to the rest of the industry. HVT outperforms 72.22% of its industry peers.
A Quick Ratio of 1.14 indicates that HVT should not have too much problems paying its short term obligations.
HVT's Quick ratio of 1.14 is fine compared to the rest of the industry. HVT outperforms 74.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.14 |
3. Growth
3.1 Past
HVT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.12%.
The Earnings Per Share has been growing by 18.80% on average over the past years. This is quite good.
HVT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.67%.
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
HVT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.94% yearly.
Based on estimates for the next years, HVT will show a small growth in Revenue. The Revenue will grow by 1.82% on average per year.
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 8.49, the valuation of HVT can be described as reasonable.
Based on the Price/Earnings ratio, HVT is valued cheaper than 84.13% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 24.55. HVT is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.70, the valuation of HVT can be described as reasonable.
75.40% of the companies in the same industry are more expensive than HVT, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 20.92. HVT is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.49 | ||
| Fwd PE | 11.7 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HVT is valued cheaply inside the industry as 90.48% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, HVT is valued a bit cheaper than 76.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.51 | ||
| EV/EBITDA | 4.46 |
4.3 Compensation for Growth
HVT has an outstanding profitability rating, which 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 has a Yearly Dividend Yield of 3.90%. Purely for dividend investing, there may be better candidates out there.
HVT's Dividend Yield is rather good when compared to the industry average which is at 3.49. HVT pays more dividend than 92.86% of the companies in the same industry.
HVT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.9% |
5.2 History
The dividend of HVT has a limited annual growth rate of 5.06%.
HVT has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of HVT decreased recently.
Dividend Growth(5Y)5.06%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
HVT pays out 62.48% of its income as dividend. This is not a sustainable payout ratio.
The dividend of HVT 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
NYSE:HVT (5/2/2024, 3:15:00 PM)
After market: 28.52 0 (0%)28.52
-2.49 (-8.03%)
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 Cap463.16M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.9% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.49 | ||
| Fwd PE | 11.7 | ||
| 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