H&E Equipment Services
Market Cap
US$1.2b
Last Updated
2021/03/06 23:51 UTC
Data Sources
Company Financials +
Executive Summary
H&E Equipment Services, Inc. operates as an integrated equipment services company. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has H&E Equipment Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HEES is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: HEES's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
8.5%
HEES
1.3%
US Trade Distributors
-0.4%
US Market
1 Year Return
64.3%
HEES
56.6%
US Trade Distributors
36.2%
US Market
Return vs Industry: HEES exceeded the US Trade Distributors industry which returned 56.6% over the past year.
Return vs Market: HEES exceeded the US Market which returned 36.2% over the past year.
Shareholder returns
| HEES | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.5% | 1.3% | -0.4% |
| 30 Day | 13.0% | 6.3% | -2.3% |
| 90 Day | 11.5% | 12.8% | 5.0% |
| 1 Year | 72.4%64.3% | 60.2%56.6% | 39.1%36.2% |
| 3 Year | -11.4%-22.0% | 33.6%26.9% | 48.4%39.0% |
| 5 Year | 167.3%113.1% | 117.5%98.7% | 116.6%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is H&E Equipment Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
H&E Equipment Services, Inc. (NASDAQ:HEES) Investors Should Think About This Before Buying It For Its Dividend1 month ago | Simply Wall St
Based On Its ROE, Is H&E Equipment Services, Inc. (NASDAQ:HEES) A High Quality Stock?1 month ago | Simply Wall St
Here's Why We Think H&E Equipment Services's (NASDAQ:HEES) Statutory Earnings Might Be ConservativeValuation
Is H&E Equipment Services undervalued compared to its fair value and its price relative to the market?
5.01x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: HEES ($33.56) is trading above our estimate of fair value ($30.18)
Significantly Below Fair Value: HEES is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HEES is unprofitable, so we can't compare its PE Ratio to the US Trade Distributors industry average.
PE vs Market: HEES is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HEES's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HEES is overvalued based on its PB Ratio (5x) compared to the US Trade Distributors industry average (2.2x).
Next Steps
Future Growth
How is H&E Equipment Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
98.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HEES is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: HEES is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HEES's is expected to become profitable in the next 3 years.
Revenue vs Market: HEES's revenue (4% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: HEES's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HEES's Return on Equity is forecast to be high in 3 years time (31.2%)
Next Steps
Past Performance
How has H&E Equipment Services performed over the past 5 years?
-3.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HEES is currently unprofitable.
Growing Profit Margin: HEES is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HEES is unprofitable, and losses have increased over the past 5 years at a rate of 3.7% per year.
Accelerating Growth: Unable to compare HEES's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HEES is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (-13.5%).
Return on Equity
High ROE: HEES has a negative Return on Equity (-13.71%), as it is currently unprofitable.
Next Steps
Financial Health
How is H&E Equipment Services's financial position?
Financial Position Analysis
Short Term Liabilities: HEES's short term assets ($572.6M) exceed its short term liabilities ($172.3M).
Long Term Liabilities: HEES's short term assets ($572.6M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: HEES's debt to equity ratio (524%) is considered high.
Reducing Debt: HEES's debt to equity ratio has reduced from 613.5% to 524% over the past 5 years.
Debt Coverage: HEES's debt is well covered by operating cash flow (22.9%).
Interest Coverage: HEES is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is H&E Equipment Services's current dividend yield, its reliability and sustainability?
3.28%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HEES's dividend (3.28%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: HEES's dividend (3.28%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HEES has been paying a dividend for less than 10 years.
Growing Dividend: HEES's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: HEES is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: HEES's dividends in 3 years are forecast to be covered by earnings (55.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Brad Barber (47 yo)
2.17yrs
Tenure
US$2,419,711
Compensation
Mr. Bradley W. Barber, also known as Brad, served as President of H&E Equipment Services, Inc. since November 2, 2012 until January 1, 2021 and serves as its Chief Executive Officer & Director since Januar...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD2.42M) is about average for companies of similar size in the US market ($USD2.21M).
Compensation vs Earnings: Brad's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 2.17yrs | US$3.12m | 0.93% $ 11.1m | |
| CEO & Director | 2.17yrs | US$2.42m | 0.36% $ 4.3m | |
| CFO & Secretary | 15.5yrs | US$1.41m | 0.26% $ 3.2m | |
| President & COO | no data | no data | no data | |
| Vice President of Investor Relations | 4.83yrs | no data | no data | |
| Vice President of Aerial Work Platforms | no data | US$304.04k | no data |
3.5yrs
Average Tenure
57yo
Average Age
Experienced Management: HEES's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 2.17yrs | US$3.12m | 0.93% $ 11.1m | |
| CEO & Director | 2.17yrs | US$2.42m | 0.36% $ 4.3m | |
| Independent Director | 15.5yrs | US$190.02k | 2.93% $ 35.0m | |
| Independent Director | 15.5yrs | US$190.02k | 0.15% $ 1.8m | |
| Independent Director | 9.83yrs | US$195.02k | 0.087% $ 1.0m | |
| Independent Director | 15.5yrs | US$180.02k | 0.40% $ 4.8m | |
| Independent Director | 15.5yrs | US$180.02k | 0.19% $ 2.3m | |
| Independent Director | 14.33yrs | US$195.02k | 0.18% $ 2.1m | |
| Independent Director | 9.83yrs | US$180.02k | 0.085% $ 1.0m | |
| Independent Director | 1.58yrs | US$33.97k | 0.016% $ 196.7k |
12.1yrs
Average Tenure
72yo
Average Age
Experienced Board: HEES's board of directors are seasoned and experienced ( 12.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
H&E Equipment Services, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: H&E Equipment Services, Inc.
- Ticker: HEES
- Exchange: NasdaqGS
- Founded: 1961
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$1.194b
- Shares outstanding: 35.59m
- Website: https://www.he-equipment.com
Number of Employees
Location
- H&E Equipment Services, Inc.
- 7500 Pecue Lane
- Baton Rouge
- Louisiana
- 70809
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HEES | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 2006 |
| H6P | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2006 |
Biography
H&E Equipment Services, Inc. operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repa...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:51 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.