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HNI

HNINYSE:HNI Stock Report

Market Cap

US$1.6b

7D

-1.3%

1Y

18.7%

Updated

25 Sep, 2021

Data

Company Financials +
HNI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends4/6

HNI Overview

HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Taiwan, and Singapore.

HNI Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HNI
Historical stock prices
Current Share PriceUS$36.88
52 Week HighUS$30.49
52 Week LowUS$46.93
Beta1.07
1 Month Change-1.97%
3 Month Change-17.66%
1 Year Change18.70%
3 Year Change-16.64%
5 Year Change-7.34%
Change since IPO293.39%

Recent News & Updates

Shareholder Returns

HNIUS Commercial ServicesUS Market
7D-1.3%1.5%0.1%
1Y18.7%29.5%35.3%

Return vs Industry: HNI underperformed the US Commercial Services industry which returned 29.4% over the past year.

Return vs Market: HNI underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is HNI's price volatile compared to industry and market?
HNI volatility
HNI Beta1.07
Industry Beta1.04
Market Beta1

Stable Share Price: HNI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HNI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19447,500Jeff Lorengerhttps://www.hnicorp.com

HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Taiwan, and Singapore. The company operates through two segments, Workplace Furnishings and Residential Building Products. The Workplace Furnishings segment offers a range of commercial and home office furniture, including panel-based and freestanding furniture systems, seating, storage, tables, and architectural products under the HON, Allsteel, Beyond, Gunlocke, Maxon, HBF, OFM, Respawn, Lamex, and HNI India brands.

HNI Fundamentals Summary

How do HNI's earnings and revenue compare to its market cap?
HNI fundamental statistics
Market CapUS$1.62b
Earnings (TTM)US$85.69m
Revenue (TTM)US$2.06b

18.9x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HNI income statement (TTM)
RevenueUS$2.06b
Cost of RevenueUS$1.30b
Gross ProfitUS$762.01m
ExpensesUS$676.32m
EarningsUS$85.69m

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.95
Gross Margin36.92%
Net Profit Margin4.15%
Debt/Equity Ratio28.1%

How did HNI perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

62%

Payout Ratio

Valuation

Is HNI undervalued compared to its fair value and its price relative to the market?

32.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HNI ($36.88) is trading below our estimate of fair value ($54.29)

Significantly Below Fair Value: HNI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HNI is good value based on its PE Ratio (18.9x) compared to the US Commercial Services industry average (33.3x).

PE vs Market: HNI is poor value based on its PE Ratio (18.9x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: HNI is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: HNI's PB Ratio (2.6x) is in line with the US Commercial Services industry average.


Future Growth

How is HNI forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

29.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HNI's forecast earnings growth (29% per year) is above the savings rate (2%).

Earnings vs Market: HNI's earnings (29% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HNI's revenue (10.5% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: HNI's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HNI's Return on Equity is forecast to be high in 3 years time


Past Performance

How has HNI performed over the past 5 years?

-3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HNI has high quality earnings.

Growing Profit Margin: HNI's current net profit margins (4.2%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: HNI's earnings have declined by 3.9% per year over the past 5 years.

Accelerating Growth: HNI's earnings growth over the past year (5.4%) exceeds its 5-year average (-3.9% per year).

Earnings vs Industry: HNI earnings growth over the past year (5.4%) underperformed the Commercial Services industry 30.4%.


Return on Equity

High ROE: HNI's Return on Equity (13.5%) is considered low.


Financial Health

How is HNI's financial position?


Financial Position Analysis

Short Term Liabilities: HNI's short term assets ($563.2M) exceed its short term liabilities ($450.9M).

Long Term Liabilities: HNI's short term assets ($563.2M) exceed its long term liabilities ($391.5M).


Debt to Equity History and Analysis

Debt Level: HNI's debt to equity ratio (28.1%) is considered satisfactory.

Reducing Debt: HNI's debt to equity ratio has reduced from 48.2% to 28.1% over the past 5 years.

Debt Coverage: HNI's debt is well covered by operating cash flow (125.4%).

Interest Coverage: HNI's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet


Dividend

What is HNI current dividend yield, its reliability and sustainability?

3.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HNI's dividend (3.36%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: HNI's dividend (3.36%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: HNI's dividends per share have been stable in the past 10 years.

Growing Dividend: HNI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.6%), HNI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Jeff Lorenger (55 yo)

3.25yrs

Tenure

US$4,907,623

Compensation

Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. Mr. Lorenger has been Director of HNI Corporation since 2018 and has been President since A...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD4.91M) is above average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HNI's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: HNI's board of directors are seasoned and experienced ( 10.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Top Shareholders

Company Information

HNI Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: HNI Corporation
  • Ticker: HNI
  • Exchange: NYSE
  • Founded: 1944
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: US$1.618b
  • Shares outstanding: 43.88m
  • Website: https://www.hnicorp.com

Number of Employees


Location

  • HNI Corporation
  • 600 East Second Street
  • PO Box 1109
  • Muscatine
  • Iowa
  • 52761-0071
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:10
End of Day Share Price2021/09/24 00:00
Earnings2021/07/03
Annual Earnings2021/01/02


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.