DB:HWI

Stock Analysis Report

Hawaiian Electric Industries

Executive Summary

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

How has Hawaiian Electric Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

DB:HWI

0.2%

DE Electric Utilities

-0.7%

DE Market


1 Year Return

31.1%

DB:HWI

-4.5%

DE Electric Utilities

-7.6%

DE Market

HWI outperformed the Electric Utilities industry which returned 14.6% over the past year.

HWI outperformed the Market in Germany which returned -7.6% over the past year.


Share holder returns

HWIIndustryMarket
7 Day0.5%0.2%-0.7%
30 Day3.9%-7.0%-0.9%
90 Day10.8%-5.0%-3.8%
1 Year35.5%31.1%-2.4%-4.5%-4.7%-7.6%
3 Year61.1%44.3%57.1%48.6%18.4%8.2%
5 Year163.6%116.8%30.8%17.3%28.8%11.1%

Price Volatility Vs. Market

How volatile is Hawaiian Electric Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hawaiian Electric Industries undervalued based on future cash flows and its price relative to the stock market?

23.28x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Hawaiian Electric Industries's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Hawaiian Electric Industries's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Hawaiian Electric Industries is overvalued based on earnings compared to the Europe Electric Utilities industry average.

Hawaiian Electric Industries is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Hawaiian Electric Industries is poor value based on expected growth next year.


Price Based on Value of Assets

Hawaiian Electric Industries is overvalued based on assets compared to the Europe Electric Utilities industry average.


Next Steps

  • Explore potentially undervalued companies in the utilities industry.

Future Growth

How is Hawaiian Electric Industries expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

5.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Hawaiian Electric Industries's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Hawaiian Electric Industries's earnings are expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).

Hawaiian Electric Industries's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.

Hawaiian Electric Industries's earnings growth is positive but not above the Germany market average.

Hawaiian Electric Industries's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Hawaiian Electric Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Hawaiian Electric Industries performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Hawaiian Electric Industries's year on year earnings growth rate has been positive over the past 5 years.

Hawaiian Electric Industries's 1-year earnings growth exceeds its 5-year average (20.9% vs 4.3%)

Hawaiian Electric Industries's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (20.9% vs -13.2%).


Return on Equity

Hawaiian Electric Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Hawaiian Electric Industries used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

Hawaiian Electric Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Hawaiian Electric Industries's financial position?


Financial Position Analysis

Hawaiian Electric Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Hawaiian Electric Industries's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Hawaiian Electric Industries's level of debt (93.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (105.3% vs 93.8% today).

Debt is well covered by operating cash flow (26%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.6x debt.


Next Steps

Dividend

What is Hawaiian Electric Industries's current dividend yield, its reliability and sustainability?

2.97%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Hawaiian Electric Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).

Hawaiian Electric Industries's dividend is below the markets top 25% of dividend payers in Germany (3.92%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.7x coverage).


Next Steps

Management

What is the CEO of Hawaiian Electric Industries's salary, the management and board of directors tenure and is there insider trading?

6.7yrs

Average management tenure


CEO

Connie Lau (66yo)

13.2yrs

Tenure

US$5,725,431

Compensation

Ms. Constance Hee Lau, also known as Connie, serves as President and Chief Executive Officer of Hawaiian Electric Industries, Inc. in May 2006. She served as the Chairman of Hawaiian Electric Company, Inc. ...


CEO Compensation Analysis

Connie's remuneration is higher than average for companies of similar size in Germany.

Connie's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.7yrs

Average Tenure

57yo

Average Age

The average tenure for the Hawaiian Electric Industries management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.4yrs

Average Tenure

68.5yo

Average Age

The tenure for the Hawaiian Electric Industries board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

Sell€188,79107 Mar 19
James Scott
EntityIndividual
Role
Member of the Board of Directors
Shares5,500
Max Price€34.33

Ownership Breakdown


Management Team

  • Alan Oshima (71yo)

    President

    • Tenure: 4.8yrs
    • Compensation: $2.92m
  • Greg Hazelton (55yo)

    CFO, Executive VP & Treasurer

    • Tenure: 2.3yrs
    • Compensation: $1.93m
  • Tayne S. Sekimura (56yo)

    Senior VP & CFO of Hawaiian Electric Company Inc.

    • Tenure: 14.8yrs
    • Compensation: $1.03m
  • Patsy Nanbu (59yo)

    Controller of Hawaiian Electric Co. Inc

    • Tenure: 14.2yrs
  • Scott Valentino

    President of Pacific Current

    • Tenure: 1.5yrs
  • Paul Ito (48yo)

    VP of Tax

    • Tenure: 1.5yrs
  • Julie Smolinski

    Director of Investor Relations & Strategic Planning

  • Rich Wacker (57yo)

    President

    • Tenure: 8.7yrs
    • Compensation: $3.31m
  • Kurt Murao

    VP of Legal & Administration and Corporate Secretary

  • Connie Lau (66yo)

    President

    • Tenure: 13.2yrs
    • Compensation: $5.73m

Board Members

  • Alan Oshima (71yo)

    President

    • Tenure: 4.8yrs
    • Compensation: $2.92m
  • Jeff Watanabe (76yo)

    Non-Executive Chairman of the Board

    • Tenure: 13.2yrs
    • Compensation: $438.00k
  • Richard Dahl (67yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: $188.00k
  • James Scott (67yo)

    Independent Director

    • Tenure: 24.5yrs
    • Compensation: $183.50k
  • Keith Russell (74yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: $198.00k
  • Rich Wacker (57yo)

    President

    • Tenure: 8.7yrs
    • Compensation: $3.31m
  • Peggy Fowler (67yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: $184.13k
  • Barry Taniguchi (71yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: $203.00k
  • Connie Lau (66yo)

    President

    • Tenure: 13.2yrs
    • Compensation: $5.73m
  • Tom Fargo (70yo)

    Vice Chairman

    • Tenure: 0.2yrs
    • Compensation: $201.50k

Company Information

Hawaiian Electric Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hawaiian Electric Industries, Inc.
  • Ticker: HWI
  • Exchange: DB
  • Founded: 1891
  • Industry: electric utilities
  • Sector: utilities
  • Market Cap: US$4.827b
  • Listing Market Cap: US$4.302b
  • Shares outstanding: 108.94m
  • Website: Click here

Number of Employees


Location

  • Hawaiian Electric Industries, Inc.
  • 1001 Bishop Street
  • Suite 2900
  • Honolulu
  • Hawaii
  • 96813
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HENYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
HWIDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company’s Electric Utility segment is involved in  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/21 22:42
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.