HAVERTY FURNITURE (HVT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:HVT - US4195961010 - Common Stock
23.18 USD
+0.85 (+3.81%)
23.18 USD
0 (0%)
HVT gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 122 industry peers in the Specialty Retail industry. Both the health and profitability get an excellent rating, making HVT a very profitable company, without any liquidiy or solvency issues. HVT scores decently on growth, while it is valued quite cheap. This could make an interesting combination. HVT also has an excellent dividend rating. These ratings could make HVT a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
In the past year HVT was profitable.
In the past year HVT had a positive cash flow from operations.
In the past 5 years HVT has always been profitable.
Each year in the past 5 years HVT had a positive operating cash flow.
1.2 Ratios
The Return On Assets of HVT (2.98%) is better than 60.66% of its industry peers.
Looking at the Return On Equity, with a value of 6.34%, HVT is in the better half of the industry, outperforming 62.30% of the companies in the same industry.
HVT's Return On Invested Capital of 3.07% is in line compared to the rest of the industry. HVT outperforms 47.54% 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 11.81%.
The last Return On Invested Capital (3.07%) 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 | 2.98% | ||
| ROE | 6.34% | ||
| ROIC | 3.07% |
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's Profit Margin of 2.62% is fine compared to the rest 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.
With a Operating Margin value of 2.74%, HVT perfoms like the industry average, outperforming 52.46% of the companies in the same industry.
HVT's Operating Margin has declined in the last couple of years.
HVT has a Gross Margin of 61.05%. This is amongst the best in the industry. HVT outperforms 90.98% of its industry peers.
HVT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.74% | ||
| PM (TTM) | 2.62% | ||
| GM | 61.05% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HVT is still creating some value.
Compared to 1 year ago, HVT has more shares outstanding
The number of shares outstanding for HVT has been reduced compared to 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 2.98. 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 2.98, HVT is in the better half of the industry, outperforming 72.13% of the companies in the same industry.
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 | 2.98 |
ROIC/WACC0.33
WACC9.32%
2.3 Liquidity
HVT has a Current Ratio of 1.75. This is a normal value and indicates that HVT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of HVT (1.75) is better than 76.23% of its industry peers.
HVT has a Quick Ratio of 1.11. This is a normal value and indicates that HVT is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.11, HVT is doing good in the industry, outperforming 79.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
HVT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.04%.
The Earnings Per Share has been growing slightly by 0.17% on average over the past years.
HVT shows a decrease in Revenue. In the last year, the revenue decreased by -1.05%.
HVT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.06% yearly.
EPS 1Y (TTM)-27.04%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%0%
Revenue 1Y (TTM)-1.05%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%10.57%
3.2 Future
HVT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 39.77% yearly.
Based on estimates for the next years, HVT will show a small growth in Revenue. The Revenue will grow by 7.19% on average per year.
EPS Next Y-3.71%
EPS Next 2Y34.55%
EPS Next 3Y39.77%
EPS Next 5YN/A
Revenue Next Year5.04%
Revenue Next 2Y6.57%
Revenue Next 3Y7.19%
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
With a Price/Earnings ratio of 19.98, HVT is valued on the expensive side.
69.67% of the companies in the same industry are more expensive than HVT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of HVT to the average of the S&P500 Index (25.47), we can say HVT is valued slightly cheaper.
A Price/Forward Earnings ratio of 10.85 indicates a reasonable valuation of HVT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HVT indicates a somewhat cheap valuation: HVT is cheaper than 79.51% of the companies listed in the same industry.
HVT is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.98 | ||
| Fwd PE | 10.85 |
4.2 Price Multiples
80.33% of the companies in the same industry are more expensive than HVT, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, HVT is valued cheaper than 86.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.64 | ||
| EV/EBITDA | 5.61 |
4.3 Compensation for Growth
The decent profitability rating of HVT may justify a higher PE ratio.
A more expensive valuation may be justified as HVT's earnings are expected to grow with 39.77% in the coming years.
PEG (NY)N/A
PEG (5Y)117.3
EPS Next 2Y34.55%
EPS Next 3Y39.77%
5. Dividend
5.1 Amount
HVT has a Yearly Dividend Yield of 5.91%, which is a nice return.
HVT's Dividend Yield is rather good when compared to the industry average which is at 6.08. HVT pays more dividend than 94.26% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, HVT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.91% |
5.2 History
The dividend of HVT is nicely growing with an annual growth rate of 10.67%!
HVT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)10.67%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
HVT pays out 106.78% of its income as dividend. This is not a sustainable payout ratio.
HVT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP106.78%
EPS Next 2Y34.55%
EPS Next 3Y39.77%
23.18
+0.85 (+3.81%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners86.24%
Inst Owner Change-0.32%
Ins Owners10.52%
Ins Owner Change-7.11%
Market Cap377.14M
Revenue(TTM)741.43M
Net Income(TTM)19.39M
Analysts80
Price Target30.6 (32.01%)
Short Float %5.12%
Short Ratio6.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.91% |
Yearly Dividend1.27
Dividend Growth(5Y)10.67%
DP106.78%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.38%
Min EPS beat(2)9.25%
Max EPS beat(2)15.51%
EPS beat(4)4
Avg EPS beat(4)77.71%
Min EPS beat(4)9.25%
Max EPS beat(4)223.43%
EPS beat(8)5
Avg EPS beat(8)31.82%
EPS beat(12)7
Avg EPS beat(12)20.81%
EPS beat(16)11
Avg EPS beat(16)26.37%
Revenue beat(2)2
Avg Revenue beat(2)1.8%
Min Revenue beat(2)1.32%
Max Revenue beat(2)2.28%
Revenue beat(4)4
Avg Revenue beat(4)1.56%
Min Revenue beat(4)1.16%
Max Revenue beat(4)2.28%
Revenue beat(8)4
Avg Revenue beat(8)-3.26%
Revenue beat(12)5
Avg Revenue beat(12)-3.31%
Revenue beat(16)9
Avg Revenue beat(16)-1.26%
PT rev (1m)3.45%
PT rev (3m)3.45%
EPS NQ rev (1m)-1%
EPS NQ rev (3m)6.45%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.32%
Revenue NQ rev (1m)0.78%
Revenue NQ rev (3m)0.78%
Revenue NY rev (1m)1.74%
Revenue NY rev (3m)1.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.98 | ||
| Fwd PE | 10.85 | ||
| P/S | 0.51 | ||
| P/FCF | 9.64 | ||
| P/OCF | 6.06 | ||
| P/B | 1.23 | ||
| P/tB | 1.23 | ||
| EV/EBITDA | 5.61 |
EPS(TTM)1.16
EY5%
EPS(NY)2.14
Fwd EY9.22%
FCF(TTM)2.4
FCFY10.37%
OCF(TTM)3.82
OCFY16.49%
SpS45.57
BVpS18.81
TBVpS18.81
PEG (NY)N/A
PEG (5Y)117.3
Graham Number22.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.98% | ||
| ROE | 6.34% | ||
| ROCE | 3.99% | ||
| ROIC | 3.07% | ||
| ROICexc | 4.13% | ||
| ROICexgc | 4.13% | ||
| OM | 2.74% | ||
| PM (TTM) | 2.62% | ||
| GM | 61.05% | ||
| FCFM | 5.28% |
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%
ROICexgc growth 3Y-49.04%
ROICexgc 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-Score7
Asset Turnover1.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 97.37% | ||
| Cap/Sales | 3.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 141.39% | ||
| Profit Quality | 201.73% | ||
| Current Ratio | 1.75 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | 2.98 |
F-Score7
WACC9.32%
ROIC/WACC0.33
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)-27.04%
EPS 3Y-37.83%
EPS 5Y0.17%
EPS Q2Q%0%
EPS Next Y-3.71%
EPS Next 2Y34.55%
EPS Next 3Y39.77%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.05%
Revenue growth 3Y-10.63%
Revenue growth 5Y-2.06%
Sales Q2Q%10.57%
Revenue Next Year5.04%
Revenue Next 2Y6.57%
Revenue Next 3Y7.19%
Revenue Next 5YN/A
EBIT growth 1Y-29.14%
EBIT growth 3Y-44.64%
EBIT growth 5Y-6.04%
EBIT Next Year375.13%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-0.96%
FCF growth 3Y-24.82%
FCF growth 5Y-10.46%
OCF growth 1Y-32.53%
OCF growth 3Y-15.37%
OCF growth 5Y-1.46%
HAVERTY FURNITURE / HVT FAQ
What is the ChartMill fundamental rating of HAVERTY FURNITURE (HVT) stock?
ChartMill assigns a fundamental rating of 6 / 10 to HVT.
What is the valuation status for HVT stock?
ChartMill assigns a valuation rating of 6 / 10 to HAVERTY FURNITURE (HVT). This can be considered as Fairly Valued.
How profitable is HAVERTY FURNITURE (HVT) stock?
HAVERTY FURNITURE (HVT) has a profitability rating of 7 / 10.
What is the valuation of HAVERTY FURNITURE based on its PE and PB ratios?
The Price/Earnings (PE) ratio for HAVERTY FURNITURE (HVT) is 19.98 and the Price/Book (PB) ratio is 1.23.
Can you provide the financial health for HVT stock?
The financial health rating of HAVERTY FURNITURE (HVT) is 7 / 10.