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Hillenbrand

NYSE:HI
Snowflake Description

Excellent balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HI
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Hillenbrand, Inc. operates as a diversified industrial company in the United States and internationally. The last earnings update was 18 days ago. More info.


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  • Hillenbrand has significant price volatility in the past 3 months.
HI Share Price and Events
7 Day Returns
-3%
NYSE:HI
-1.8%
US Machinery
-1%
US Market
1 Year Returns
-46.7%
NYSE:HI
-7.4%
US Machinery
-0.4%
US Market
HI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hillenbrand (HI) -3% -19.1% -28.9% -46.7% -15.6% -16.4%
US Machinery -1.8% -7.9% -3% -7.4% 26.6% 19.4%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • HI underperformed the Machinery industry which returned -7.4% over the past year.
  • HI underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
HI
Industry
5yr Volatility vs Market

HI Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hillenbrand to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hillenbrand.

NYSE:HI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.044 (1 + (1- 21%) (18.67%))
1.133
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.133 * 5.96%)
9.48%

Discounted Cash Flow Calculation for NYSE:HI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hillenbrand is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:HI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.48%)
2020 123.64 Est @ -30.54% 112.94
2021 98.23 Est @ -20.56% 81.95
2022 84.90 Est @ -13.57% 64.70
2023 77.53 Est @ -8.68% 53.96
2024 73.45 Est @ -5.26% 46.70
2025 71.35 Est @ -2.86% 41.43
2026 70.50 Est @ -1.18% 37.40
2027 70.50 Est @ -0.01% 34.16
2028 71.07 Est @ 0.81% 31.45
2029 72.06 Est @ 1.39% 29.13
Present value of next 10 years cash flows $533.82
NYSE:HI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $72.06 × (1 + 2.73%) ÷ (9.48% – 2.73%)
$1,096.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,096.55 ÷ (1 + 9.48%)10
$443.26
NYSE:HI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $533.82 + $443.26
$977.08
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $977.08 / 62.67
$15.59
NYSE:HI Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.59
Current discount Discount to share price of $27.72
= -1 x ($27.72 - $15.59) / $15.59
-77.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hillenbrand is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hillenbrand's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hillenbrand's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $2.25
NYSE:HI Share Price ** NYSE (2019-08-16) in USD $27.72
United States of America Machinery Industry PE Ratio Median Figure of 98 Publicly-Listed Machinery Companies 18.89x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hillenbrand.

NYSE:HI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HI Share Price ÷ EPS (both in USD)

= 27.72 ÷ 2.25

12.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hillenbrand is good value based on earnings compared to the US Machinery industry average.
  • Hillenbrand is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hillenbrand's expected growth come at a high price?
Raw Data
NYSE:HI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
Not available
United States of America Machinery Industry PEG Ratio Median Figure of 79 Publicly-Listed Machinery Companies 1.59x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hillenbrand, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hillenbrand's assets?
Raw Data
NYSE:HI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $12.48
NYSE:HI Share Price * NYSE (2019-08-16) in USD $27.72
United States of America Machinery Industry PB Ratio Median Figure of 127 Publicly-Listed Machinery Companies 2.09x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NYSE:HI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HI Share Price ÷ Book Value per Share (both in USD)

= 27.72 ÷ 12.48

2.22x

* Primary Listing of Hillenbrand.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hillenbrand is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Hillenbrand's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Hillenbrand has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HI Future Performance

 How is Hillenbrand expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Hillenbrand expected to grow at an attractive rate?
  • Unable to compare Hillenbrand's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hillenbrand's earnings growth to the United States of America market average as no estimate data is available.
  • Hillenbrand's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.9%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 1,914 1
2020-09-30 1,847 214 2
2019-09-30 1,797 193 143 4
NYSE:HI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,796 202 141
2019-03-31 1,796 233 147
2018-12-31 1,783 257 87
2018-09-30 1,770 248 77
2018-06-30 1,738 299 70
2018-03-31 1,688 288 67
2017-12-31 1,631 322 123
2017-09-30 1,590 246 126
2017-06-30 1,576 152 124
2017-03-31 1,551 171 122
2016-12-31 1,543 154 115
2016-09-30 1,538 238 113

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hillenbrand is high growth as no earnings estimate data is available.
  • Hillenbrand's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Hillenbrand Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30
2020-09-30
2019-09-30 2.25 2.25 2.25 1.00
NYSE:HI Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 2.25
2019-03-31 2.34
2018-12-31 1.38
2018-09-30 1.21
2018-06-30 1.11
2018-03-31 1.06
2017-12-31 1.93
2017-09-30 1.98
2017-06-30 1.95
2017-03-31 1.92
2016-12-31 1.81
2016-09-30 1.78

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hillenbrand will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hillenbrand's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hillenbrand has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HI Past Performance

  How has Hillenbrand performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hillenbrand's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hillenbrand's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Hillenbrand's 1-year earnings growth exceeds its 5-year average (100.9% vs -0.7%)
  • Hillenbrand's earnings growth has exceeded the US Machinery industry average in the past year (100.9% vs 17.5%).
Earnings and Revenue History
Hillenbrand's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hillenbrand Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,796.20 141.20 359.80
2019-03-31 1,795.60 146.70 371.40
2018-12-31 1,783.20 86.80 378.00
2018-09-30 1,770.10 76.60 373.70
2018-06-30 1,738.30 70.30 369.60
2018-03-31 1,688.20 67.30 359.00
2017-12-31 1,631.30 122.60 342.90
2017-09-30 1,590.20 126.20 338.40
2017-06-30 1,576.00 124.00 339.30
2017-03-31 1,551.10 121.80 336.90
2016-12-31 1,542.80 114.50 336.00
2016-09-30 1,538.40 112.80 334.20
2016-06-30 1,501.70 95.90 322.20
2016-03-31 1,529.40 97.30 317.40
2015-12-31 1,547.00 101.90 317.80
2015-09-30 1,596.80 111.40 320.90
2015-06-30 1,673.50 115.90 310.00
2015-03-31 1,691.60 116.60 324.80
2014-12-31 1,683.80 118.90 338.60
2014-09-30 1,667.20 109.70 348.40
2014-06-30 1,639.40 109.20 360.90 12.20
2014-03-31 1,631.40 89.70 359.50 12.20
2013-12-31 1,633.10 69.40 355.00 12.20
2013-09-30 1,553.40 63.40 318.60
2013-06-30 1,366.00 65.10 283.30 5.20
2013-03-31 1,195.60 73.10 248.00 5.20
2012-12-31 1,056.80 87.80 212.70 5.20
2012-09-30 983.20 104.80 218.40 5.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hillenbrand has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hillenbrand used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Hillenbrand has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hillenbrand's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hillenbrand has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HI Health

 How is Hillenbrand's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hillenbrand's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hillenbrand is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hillenbrand's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hillenbrand's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hillenbrand Company Filings, last reported 1 month ago.

NYSE:HI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 795.80 324.40 64.40
2019-03-31 770.10 363.40 58.60
2018-12-31 747.40 364.80 64.80
2018-09-30 744.10 344.60 56.00
2018-06-30 711.50 424.40 71.10
2018-03-31 732.00 479.10 68.50
2017-12-31 768.50 480.80 77.80
2017-09-30 765.90 465.70 66.00
2017-06-30 710.90 595.30 71.50
2017-03-31 671.80 622.60 51.40
2016-12-31 650.50 654.30 46.60
2016-09-30 646.20 608.90 52.00
2016-06-30 636.00 637.00 47.60
2016-03-31 633.20 712.00 43.20
2015-12-31 597.60 623.00 55.10
2015-09-30 605.80 528.10 48.30
2015-06-30 618.40 530.30 45.60
2015-03-31 572.40 570.80 43.00
2014-12-31 588.90 617.10 52.00
2014-09-30 593.80 558.50 58.00
2014-06-30 640.90 596.60 61.70
2014-03-31 620.80 626.10 51.00
2013-12-31 606.80 651.70 62.30
2013-09-30 576.30 664.30 42.70
2013-06-30 519.90 711.30 41.10
2013-03-31 513.00 719.60 40.70
2012-12-31 528.60 767.70 102.10
2012-09-30 506.30 271.60 20.20
  • Hillenbrand's level of debt (40.8%) 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 (93.1% vs 40.8% today).
  • Debt is well covered by operating cash flow (62.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.7x coverage).
X
Financial health checks
We assess Hillenbrand's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hillenbrand has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HI Dividends

 What is Hillenbrand's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.03%
Current annual income from Hillenbrand dividends.
If you bought $2,000 of Hillenbrand shares you are expected to receive $61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hillenbrand's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Hillenbrand's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30
2020-09-30
2019-09-30
NYSE:HI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.840 2.339
2019-02-14 0.840 1.958
2018-12-06 0.840 2.088
2018-08-30 0.830 1.696
2018-08-01 0.830 1.607
2018-02-15 0.830 1.770
2017-12-07 0.830 1.854
2017-08-30 0.820 2.080
2017-05-10 0.820 2.263
2017-02-22 0.820 2.251
2016-12-06 0.820 2.196
2016-08-31 0.810 2.540
2016-05-11 0.810 2.591
2016-02-25 0.810 2.755
2015-12-02 0.810 2.929
2015-09-03 0.800 2.843
2015-05-07 0.800 2.703
2015-02-25 0.800 2.631
2014-12-03 0.800 2.476
2014-09-04 0.790 2.448
2014-05-09 0.790 2.522
2014-02-26 0.790 2.539
2013-12-04 0.790 2.774
2013-08-28 0.780 2.811
2013-05-07 0.780 3.205
2013-02-27 0.780 3.170
2012-12-05 0.780 3.328
2012-09-06 0.770 3.947
2012-05-17 0.770 4.245
2012-02-23 0.770 3.525
2011-12-06 0.770 3.391
2011-11-28 0.770 3.512
2011-09-01 0.760 3.837
2011-05-26 0.760 3.502
2011-02-24 0.760 3.442
2010-12-03 0.760 3.585
2010-09-01 0.750 3.580
2010-05-14 0.750 3.470
2010-02-25 0.750 3.271
2009-12-02 0.750 3.974
2009-08-20 0.740 3.659
2009-05-07 0.740 4.233
2009-02-11 0.740 4.422
2008-12-05 0.740 4.274
2008-09-05 0.730 3.925

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Hillenbrand's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hillenbrand's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hillenbrand afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hillenbrand has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HI Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Raver
COMPENSATION $5,330,496
AGE 53
TENURE AS CEO 5.9 years
CEO Bio

Mr. Joe A. Raver has been the Chief Executive Officer and President of Hillenbrand, Inc., since September 6, 2013. Mr. Raver has broad management experience. In addition, his career includes extensive leadership and operations experience in diverse business settings. Mr. Raver has served as the President of Process Equipment Group at Hillenbrand Inc. since March 2011. Mr. Raver served as Senior Vice President of Hillenbrand, Inc. until September 6, 2013. Mr. Raver served as the President and Chief Operating Officer of Batesville Casket Company Inc., a subsidiary of Hillenbrand Inc. from June 15, 2008 to April 4, 2011. Mr. Raver served as the President and Chief Operating Officer of Batesville Services Inc. from July 15, 2008 to April 1, 2011. He served as the Chief Executive Officer of Batesville Casket Company since May 2001. Mr. Raver served as the President of K-Tron International, Inc., a subsidiary of Hillenbrand Inc. since April 4, 2011. He was responsible for accelerating the organic growth of K-Tron brands on a global scale. He led the development and implementation of K-Tron growth strategy and was a key figure in business development and acquisition integration. He joined Hill-Rom in 2004. He served as Vice President and General Manager of the respiratory care division at Hill-Rom Holdings Inc. He served as Sales Representative of Eli Lilly & Company. He served as Vice President of Strategy & Shared Services of Hill-Rom Holdings, Inc. since August 4, 2005. Mr. Raver served as Vice President of Corporate Marketing & Strategy of Hill-Rom Company from May 2004 to July 2005. He was responsible for travel services, administrative services, graphic communications, aviation operations, medical department, customer visitation, guest facilities, marketing communications, market research and strategy. He served as Vice President of Logistics at Batesville Casket Company from 2002 to 2004 and Vice President of its Strategy from 2001 to 2002. His career at Batesville Casket Company started in 1994, holding various management positions until 2000, when he served as Director of Corporate Strategy of Hillenbrand Industries, Inc. He has been a Director at Applied Industrial Technologies, Inc. since August 10, 2017. He has been a Trustee of Manufacturers Alliance for Productivity and Innovation, Inc. since December 2013. He has been a Director of Hillenbrand, Inc. since September 6, 2013. Mr. Raver spent 10 years in a variety of leadership positions at Batesville Casket Company and Hill-Rom. Mr. Raver holds Bachelor of Arts degree in Economics from Dartmouth College and Masters of Business Administration with honors from the Kellogg Graduate School of Management at Northwestern University.

CEO Compensation
  • Joe's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Joe's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hillenbrand management team in years:

3.8
Average Tenure
52
Average Age
  • The tenure for the Hillenbrand management team is about average.
Management Team

Joe Raver

TITLE
President
COMPENSATION
$5M
AGE
53
TENURE
5.9 yrs

Kristina Cerniglia

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
53
TENURE
5 yrs

Kim Ryan

TITLE
Senior Vice President
COMPENSATION
$3M
AGE
52
TENURE
8.3 yrs

Chris Trainor

TITLE
Senior Vice President
COMPENSATION
$1M
AGE
49
TENURE
3.7 yrs

J. Whitted

TITLE
Senior Vice President of Strategy & Corporate Development
COMPENSATION
$2M
TENURE
1.2 yrs

Timothy Ryan

TITLE
VP, Chief Accounting Officer & Controller
TENURE
0.9 yrs

Bhavik Soni

TITLE
Chief Information Officer & VP
TENURE
2.3 yrs

Rich Dudley

TITLE
Director of Investor Relations

Nick Farrell

TITLE
VP, General Counsel
AGE
40
TENURE
3.8 yrs

Tory Flynn

TITLE
Director of Corporate Communications
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Hillenbrand board of directors in years:

7.3
Average Tenure
61
Average Age
  • The tenure for the Hillenbrand board of directors is about average.
Board of Directors

Joe Loughrey

TITLE
Chairman
COMPENSATION
$278K
AGE
70
TENURE
6.5 yrs

Joe Raver

TITLE
President
COMPENSATION
$5M
AGE
53
TENURE
5.9 yrs

Stuart Taylor

TITLE
Director
COMPENSATION
$193K
AGE
58
TENURE
10.9 yrs

Neil Novich

TITLE
Director
COMPENSATION
$192K
AGE
64
TENURE
9.5 yrs

Helen Cornell

TITLE
Director
COMPENSATION
$181K
AGE
60
TENURE
8 yrs

Ed Cloues

TITLE
Director
COMPENSATION
$180K
AGE
71
TENURE
9.3 yrs

Thomas Johnson

TITLE
Independent Director
COMPENSATION
$180K
AGE
68
TENURE
11.4 yrs

Joy Greenway

TITLE
Director
COMPENSATION
$180K
AGE
58
TENURE
6.5 yrs

Gary Collar

TITLE
Director
COMPENSATION
$180K
AGE
62
TENURE
4.3 yrs

Dan Hillenbrand

TITLE
Independent Director
COMPENSATION
$71K
AGE
52
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Hillenbrand's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hillenbrand has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HI News

Simply Wall St News

At US$27.09, Is Hillenbrand, Inc. (NYSE:HI) Worth Looking At Closely?

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … Great news for investors – Hillenbrand is still trading at a fairly cheap price. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Does The Hillenbrand, Inc. (NYSE:HI) Share Price Tend To Follow The Market?

Beta is worth considering, but it's also important to consider whether Hillenbrand is growing earnings and revenue. … It's not particularly surprising that it has a higher beta than the overall market. … What this means for you: Since Hillenbrand tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

A Close Look At Hillenbrand, Inc.’s (NYSE:HI) 17% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Hillenbrand: 0.17 = US$235m ÷ (US$1.9b - US$506m) (Based on the trailing twelve months to March 2019.) So, Hillenbrand has an ROCE of 17%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

Do You Know What Hillenbrand, Inc.'s (NYSE:HI) P/E Ratio Means?

Hillenbrand has a price to earnings ratio of 15.11, based on the last twelve months. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Hillenbrand: P/E of 15.11 = $35.29 ÷ $2.34 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … A higher P/E ratio means that buyers have to pay a higher price for each $1 the company has earned over the last year.

Simply Wall St -

Do Institutions Own Hillenbrand, Inc. (NYSE:HI) Shares?

Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. … Check out our latest analysis for Hillenbrand NYSE:HI Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Hillenbrand? … Insider Ownership Of Hillenbrand The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Is Hillenbrand (NYSE:HI) A Risky Investment?

The first step when considering a company's debt levels is to consider its cash and debt together. … Either way, since Hillenbrand does have more debt than cash, it's worth keeping an eye on its balance sheet. … Our View Hillenbrand's conversion of EBIT to free cash flow suggests it can handle its debt as easily as Cristiano Ronaldo could score a goal against an under 14's goalkeeper.

Simply Wall St -

Is Hillenbrand, Inc. (NYSE:HI) An Attractive Dividend Stock?

Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Hillenbrand has grown its earnings per share at 18% per annum over the past five years. Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends. We generally think this is an attractive combination, as it permits further reinvestment in the business. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Next, growing earnings per share and steady dividend payments is a great combination.

Simply Wall St -

The Hillenbrand (NYSE:HI) Share Price Is Up 26% And Shareholders Are Holding On

During three years of share price growth, Hillenbrand achieved compound earnings per share growth of 15% per year. … As it happens, Hillenbrand's TSR for the last 3 years was 34%, which exceeds the share price return mentioned earlier. … Before deciding if you like the current share price, check how Hillenbrand scores on these 3 valuation metrics.

Simply Wall St -

Estimating The Intrinsic Value Of Hillenbrand, Inc. (NYSE:HI)

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $173.75 $195.30 $193.71 $194.20 $196.13 $199.10 $202.84 $207.17 $211.96 $217.13 Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ -0.81% Est @ 0.25% Est @ 0.99% Est @ 1.51% Est @ 1.88% Est @ 2.13% Est @ 2.31% Est @ 2.44% Present Value ($, Millions) Discounted @ 9.36% $158.88 $163.31 $148.12 $135.79 $125.40 $116.41 $108.45 $101.29 $94.76 $88.77 Present Value of 10-year Cash Flow (PVCF)= $1.24b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$217m × (1 + 2.7%) ÷ (9.4% – 2.7%) = US$3.4b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$3.4b ÷ ( 1 + 9.4%)10 = $1.38b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $2.62b. … NYSE:HI Intrinsic value, June 2nd 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Why Hillenbrand, Inc.'s (NYSE:HI) CEO Pay Matters To You

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … When we examined a selection of companies with market caps ranging from US$1.0b to US$3.2b, we found the median CEO total compensation was US$4.1m. … Thus we can conclude that Joe Raver receives more in total compensation than the median of a group of companies in the same market, and of similar size to Hillenbrand, Inc..

Simply Wall St -

HI Company Info

Description

Hillenbrand, Inc. operates as a diversified industrial company in the United States and internationally. The company operates in two segments, Process Equipment Group and Batesville. The Process Equipment Group segment designs, engineers, manufactures, markets, and services process and material handling equipment and systems for various industries, including plastics, food and pharmaceuticals, chemicals, fertilizers, minerals and mining, energy, wastewater treatment, forest products, and other general industrials. It provides twin screw compounding and extrusion machines under the Coperion brand; and material handling equipment, such as pneumatic and hydraulic conveying equipment, high-precision feeders, and blenders, as well as rotary, diverter, and slide gate valves under the Coperion and Coperion K-Tron brand names. This segment also offers size reduction equipment under the Pennsylvania Crusher, Gundlach, and Jeffrey Rader brands; screening and separating equipment under the Rotex brand name; piston and piston diaphragm pump technology under the ABEL brand; pinch and duckbill check valves under the Red Valve, Tideflex Technologies, and RKL Controls brand names; and replacement parts and services. It sells equipment and systems to customers directly, as well as through a network of independent sales representatives and distributors. The Batesville segment designs, manufactures, distributes, and sells funeral services products and solutions, such as burial caskets, cremation caskets, containers and urns, other personalization and memorialization products, and Web-based technology applications to licensed funeral professionals operating licensed funeral establishments. Hillenbrand, Inc. was founded in 2007 and is headquartered in Batesville, Indiana.

Details
Name: Hillenbrand, Inc.
HI
Exchange: NYSE
Founded: 2007
$1,737,131,845
62,667,094
Website: http://www.hillenbrand.com
Address: Hillenbrand, Inc.
One Batesville Boulevard,
Batesville,
Indiana, 47006,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HI Common Stock New York Stock Exchange US USD 19. Mar 2008
DB 9HI Common Stock Deutsche Boerse AG DE EUR 19. Mar 2008
Number of employees
Current staff
Staff numbers
6,500
Hillenbrand employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:15
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/02
Last earnings filing: 2019/07/31
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.