HAVERTY FURNITURE (HVT) Stock Fundamental Analysis
USA - NYSE:HVT - US4195961010 - Common Stock
21.49 USD
+0.13 (+0.61%)
21.49 USD
0 (0%)
Overall HVT gets a fundamental rating of 6 out of 10. We evaluated HVT against 122 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on HVT. Finally HVT also has an excellent dividend rating. This makes HVT very considerable for value and dividend investing!
1. Profitability
1.1 Basic Checks
HVT had positive earnings in the past year.
In the past year HVT had a positive cash flow from operations.
Each year in the past 5 years HVT has been profitable.
Each year in the past 5 years HVT had a positive operating cash flow.
1.2 Ratios
HVT has a Return On Assets of 3.05%. This is in the better half of the industry: HVT outperforms 60.66% of its industry peers.
HVT has a better Return On Equity (6.43%) than 63.11% of its industry peers.
HVT has a Return On Invested Capital of 3.05%. This is comparable to the rest of the industry: HVT outperforms 50.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HVT is in line with the industry average of 11.64%.
The last Return On Invested Capital (3.05%) for HVT is well below the 3 year average (10.44%), which needs to be investigated, but indicates that HVT had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 6.43% | ||
| ROIC | 3.05% |
ROA(3y)8.49%
ROA(5y)9.48%
ROE(3y)18.55%
ROE(5y)22.89%
ROIC(3y)10.44%
ROIC(5y)12.56%
1.3 Margins
HVT has a Profit Margin of 2.71%. This is in the better half of the industry: HVT outperforms 68.03% of its industry peers.
In the last couple of years the Profit Margin of HVT has remained more or less at the same level.
Looking at the Operating Margin, with a value of 2.81%, HVT is in line with its industry, outperforming 54.92% of the companies in the same industry.
In the last couple of years the Operating Margin of HVT has declined.
HVT has a better Gross Margin (61.04%) than 90.16% of its industry peers.
In the last couple of years the Gross Margin of HVT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.81% | ||
| PM (TTM) | 2.71% | ||
| GM | 61.04% |
OM growth 3Y-38.05%
OM growth 5Y-4.06%
PM growth 3Y-32.47%
PM growth 5Y0.23%
GM growth 3Y2.3%
GM growth 5Y2.32%
2. Health
2.1 Basic Checks
HVT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
HVT has more shares outstanding than it did 1 year ago.
HVT has less shares outstanding than it did 5 years ago.
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.
2.2 Solvency
HVT has an Altman-Z score of 2.95. This is not the best score and indicates that HVT is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.95, HVT is in the better half of the industry, outperforming 65.57% of the companies in the same industry.
HVT 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 | 2.95 |
ROIC/WACC0.32
WACC9.67%
2.3 Liquidity
A Current Ratio of 1.81 indicates that HVT should not have too much problems paying its short term obligations.
HVT's Current ratio of 1.81 is fine compared to the rest of the industry. HVT outperforms 78.69% of its industry peers.
HVT has a Quick Ratio of 1.09. This is a normal value and indicates that HVT is financially healthy and should not expect problems in meeting its short term obligations.
HVT's Quick ratio of 1.09 is fine compared to the rest of the industry. HVT outperforms 79.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
HVT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.21%.
HVT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.17% yearly.
HVT shows a decrease in Revenue. In the last year, the revenue decreased by -8.92%.
HVT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.06% yearly.
EPS 1Y (TTM)-50.21%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%-40.74%
Revenue 1Y (TTM)-8.92%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%1.34%
3.2 Future
HVT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 44.66% yearly.
Based on estimates for the next years, HVT will show a small growth in Revenue. The Revenue will grow by 5.71% on average per year.
EPS Next Y-3.71%
EPS Next 2Y44.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.25%
Revenue Next 2Y5.71%
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 accelerating.
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
The Price/Earnings ratio is 18.53, which indicates a rather expensive current valuation of HVT.
Based on the Price/Earnings ratio, HVT is valued a bit cheaper than the industry average as 73.77% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.86, HVT is valued a bit cheaper.
With a Price/Forward Earnings ratio of 8.70, the valuation of HVT can be described as very reasonable.
HVT's Price/Forward Earnings ratio is rather cheap when compared to the industry. HVT is cheaper than 90.16% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.32, HVT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.53 | ||
| Fwd PE | 8.7 |
4.2 Price Multiples
86.89% of the companies in the same industry are more expensive than HVT, based on the Enterprise Value to EBITDA ratio.
81.97% of the companies in the same industry are more expensive than HVT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13 | ||
| EV/EBITDA | 5.56 |
4.3 Compensation for Growth
HVT has a very decent profitability rating, which may justify a higher PE ratio.
HVT's earnings are expected to grow with 44.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)108.75
EPS Next 2Y44.66%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.99%, HVT is a good candidate for dividend investing.
HVT's Dividend Yield is rather good when compared to the industry average which is at 5.68. HVT pays more dividend than 94.26% of the companies in the same industry.
HVT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.99% |
5.2 History
On average, the dividend of HVT grows each year by 10.67%, which is quite nice.
HVT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.67%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
105.92% of the earnings are spent on dividend by HVT. This is not a sustainable payout ratio.
The dividend of HVT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP105.92%
EPS Next 2Y44.66%
EPS Next 3YN/A
21.49
+0.13 (+0.61%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners86.24%
Inst Owner Change0%
Ins Owners10.52%
Ins Owner Change-4.36%
Market Cap349.64M
Analysts80
Price Target29.58 (37.65%)
Short Float %5.56%
Short Ratio7.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.99% |
Yearly Dividend1.27
Dividend Growth(5Y)10.67%
DP105.92%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.96%
Min EPS beat(2)9.25%
Max EPS beat(2)62.66%
EPS beat(4)3
Avg EPS beat(4)63.48%
Min EPS beat(4)-41.43%
Max EPS beat(4)223.43%
EPS beat(8)5
Avg EPS beat(8)31.25%
EPS beat(12)7
Avg EPS beat(12)23.94%
EPS beat(16)11
Avg EPS beat(16)25.77%
Revenue beat(2)2
Avg Revenue beat(2)1.24%
Min Revenue beat(2)1.16%
Max Revenue beat(2)1.32%
Revenue beat(4)3
Avg Revenue beat(4)-1.64%
Min Revenue beat(4)-10.52%
Max Revenue beat(4)1.49%
Revenue beat(8)3
Avg Revenue beat(8)-4.05%
Revenue beat(12)5
Avg Revenue beat(12)-2.66%
Revenue beat(16)8
Avg Revenue beat(16)-1.45%
PT rev (1m)0%
PT rev (3m)26.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-35.21%
EPS NY rev (1m)-1.32%
EPS NY rev (3m)-13.46%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-3.91%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.53 | ||
| Fwd PE | 8.7 | ||
| P/S | 0.48 | ||
| P/FCF | 13 | ||
| P/OCF | 6.39 | ||
| P/B | 1.15 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 5.56 |
EPS(TTM)1.16
EY5.4%
EPS(NY)2.47
Fwd EY11.49%
FCF(TTM)1.65
FCFY7.69%
OCF(TTM)3.36
OCFY15.66%
SpS44.43
BVpS18.74
TBVpS18.74
PEG (NY)N/A
PEG (5Y)108.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 6.43% | ||
| ROCE | 3.97% | ||
| ROIC | 3.05% | ||
| ROICexc | 3.86% | ||
| ROICexgc | 3.86% | ||
| OM | 2.81% | ||
| PM (TTM) | 2.71% | ||
| GM | 61.04% | ||
| FCFM | 3.72% |
ROA(3y)8.49%
ROA(5y)9.48%
ROE(3y)18.55%
ROE(5y)22.89%
ROIC(3y)10.44%
ROIC(5y)12.56%
ROICexc(3y)13.79%
ROICexc(5y)18.41%
ROICexgc(3y)13.79%
ROICexgc(5y)18.41%
ROCE(3y)13.58%
ROCE(5y)16.34%
ROICexcg growth 3Y-49.04%
ROICexcg growth 5Y-8%
ROICexc growth 3Y-49.04%
ROICexc growth 5Y-8%
OM growth 3Y-38.05%
OM growth 5Y-4.06%
PM growth 3Y-32.47%
PM growth 5Y0.23%
GM growth 3Y2.3%
GM growth 5Y2.32%
F-Score5
Asset Turnover1.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 119.52% | ||
| Cap/Sales | 3.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 125.53% | ||
| Profit Quality | 137.31% | ||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 2.95 |
F-Score5
WACC9.67%
ROIC/WACC0.32
Cap/Depr(3y)200.69%
Cap/Depr(5y)174.23%
Cap/Sales(3y)4.44%
Cap/Sales(5y)3.63%
Profit Quality(3y)79.31%
Profit Quality(5y)101.86%
High Growth Momentum
Growth
EPS 1Y (TTM)-50.21%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%-40.74%
EPS Next Y-3.71%
EPS Next 2Y44.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-8.92%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%1.34%
Revenue Next Year3.25%
Revenue Next 2Y5.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-54.37%
EBIT growth 3Y-44.64%
EBIT growth 5Y-6.04%
EBIT Next Year375.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y186.19%
FCF growth 3Y-24.82%
FCF growth 5Y-10.46%
OCF growth 1Y-15.52%
OCF growth 3Y-15.37%
OCF growth 5Y-1.46%