HAVERTY FURNITURE (HVT) Stock Fundamental Analysis
USA - NYSE:HVT - US4195961010 - Common Stock
22.79 USD
-1.18 (-4.92%)
22.79 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to HVT. HVT was compared to 123 industry peers in the Specialty Retail industry. HVT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. HVT may be a bit undervalued, certainly considering the very reasonable score on growth HVT also has an excellent dividend rating. With these ratings, HVT could be worth investigating further 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 better Return On Assets (3.05%) than 60.16% of its industry peers.
Looking at the Return On Equity, with a value of 6.43%, HVT is in the better half of the industry, outperforming 64.23% of the companies in the same industry.
HVT has a Return On Invested Capital of 3.05%. This is comparable to the rest of the industry: HVT outperforms 51.22% 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 11.93%.
The 3 year average ROIC (10.44%) for HVT is well above the current ROIC(3.05%). The reason for the recent decline needs to be investigated.
| 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 better Profit Margin (2.71%) than 66.67% of its industry peers.
HVT's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 2.81%, HVT is in line with its industry, outperforming 56.10% 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 61.04%. This is amongst the best in the industry. HVT outperforms 90.24% of its industry peers.
HVT's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HVT is still creating some value.
HVT has more shares outstanding than it did 1 year ago.
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 3.02. This indicates that HVT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of HVT (3.02) is better than 66.67% of its industry peers.
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 | 3.02 |
ROIC/WACC0.32
WACC9.45%
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 78.05% 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.
With a decent Quick ratio value of 1.09, HVT is doing good in the industry, outperforming 78.05% of the companies in the same industry.
| 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%.
Measured over the past 5 years, HVT shows a small growth in Earnings Per Share. The EPS has been growing by 0.17% on average per year.
The Revenue has decreased by -8.92% in the past year.
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
Based on estimates for the next years, HVT will show a very strong growth in Earnings Per Share. The EPS will grow by 44.66% on average per year.
HVT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.79% yearly.
EPS Next Y-2.42%
EPS Next 2Y44.66%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.32%
Revenue Next 2Y5.79%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 19.65, HVT is valued on the expensive side.
Based on the Price/Earnings ratio, HVT is valued a bit cheaper than 72.36% of the companies in the same industry.
When comparing the Price/Earnings ratio of HVT to the average of the S&P500 Index (27.30), we can say HVT is valued slightly cheaper.
With a Price/Forward Earnings ratio of 9.23, the valuation of HVT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, HVT is valued cheaper than 85.37% of the companies in the same industry.
HVT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.65 | ||
| Fwd PE | 9.23 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, HVT is valued a bit cheaper than 77.24% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, HVT is valued cheaply inside the industry as 82.11% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.78 | ||
| EV/EBITDA | 6.48 |
4.3 Compensation for Growth
The decent profitability rating of HVT 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)115.32
EPS Next 2Y44.66%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.43%, HVT is a good candidate for dividend investing.
HVT's Dividend Yield is rather good when compared to the industry average which is at 5.21. HVT pays more dividend than 92.68% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, HVT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
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
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
22.79
-1.18 (-4.92%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners90.21%
Inst Owner Change-0.03%
Ins Owners10.92%
Ins Owner Change-1.53%
Market Cap370.79M
Analysts80
Price Target29.58 (29.79%)
Short Float %5.55%
Short Ratio7.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
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)-20.69%
EPS NQ rev (3m)-60.12%
EPS NY rev (1m)-12.31%
EPS NY rev (3m)-12.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.14%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)-1.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.65 | ||
| Fwd PE | 9.23 | ||
| P/S | 0.51 | ||
| P/FCF | 13.78 | ||
| P/OCF | 6.77 | ||
| P/B | 1.22 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 6.48 |
EPS(TTM)1.16
EY5.09%
EPS(NY)2.47
Fwd EY10.84%
FCF(TTM)1.65
FCFY7.26%
OCF(TTM)3.36
OCFY14.76%
SpS44.43
BVpS18.74
TBVpS18.74
PEG (NY)N/A
PEG (5Y)115.32
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 | 3.02 |
F-Score5
WACC9.45%
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-2.42%
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 Year3.32%
Revenue Next 2Y5.79%
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%