HNI Stock Overview
HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$34.64|
|52 Week High||US$45.46|
|52 Week Low||US$32.91|
|1 Month Change||-6.48%|
|3 Month Change||-5.12%|
|1 Year Change||-22.97%|
|3 Year Change||-1.23%|
|5 Year Change||-13.31%|
|Change since IPO||269.49%|
Recent News & Updates
HNI's (NYSE:HNI) Shareholders Will Receive A Bigger Dividend Than Last Year
HNI Corporation ( NYSE:HNI ) will increase its dividend on the 8th of June to US$0.32, which is 3.2% higher than last...
HNI (NYSE:HNI) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
HNI Corporation's Outperformance Should Continue
HNI’s Workplace Furnishing segment should benefit from offices reopening. Residential remodeling demand is expected to remain strong in the near future according to the LIRA (Leading Indicator of Remodeling Activity) index. The company’s price increases and other initiatives will help improve margins. The stock is currently trading at an attractive valuation and has a dividend yield of ~3.4%.
|HNI||US Commercial Services||US Market|
Return vs Industry: HNI underperformed the US Commercial Services industry which returned -10.6% over the past year.
Return vs Market: HNI underperformed the US Market which returned -20.8% over the past year.
|HNI Average Weekly Movement||5.5%|
|Commercial Services Industry Average Movement||7.3%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||16.5%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: HNI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HNI's weekly volatility (6%) has been stable over the past year.
About the Company
HNI Corporation, together with its subsidiaries, manufactures and sells workplace furnishings and residential building products primarily in the United States. 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
|HNI fundamental statistics|
Is HNI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HNI income statement (TTM)|
|Cost of Revenue||US$1.50b|
Last Reported Earnings
Apr 02, 2022
Next Earnings Date
|Earnings per share (EPS)||1.39|
|Net Profit Margin||2.60%|
How did HNI perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is HNI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HNI?
Other financial metrics that can be useful for relative valuation.
|What is HNI's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HNI's PE Ratio compare to its peers?
|HNI PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: HNI is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the peer average (22x).
Price to Earnings Ratio vs Industry
How does HNI's PE Ratio compare vs other companies in the U.S. Commercial Services Industry?
Price-To-Earnings vs Industry: HNI is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the US Commercial Services industry average (20x)
Price to Earnings Ratio vs Fair Ratio
What is HNI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||24.9x|
|Fair PE Ratio||24.1x|
Price-To-Earnings vs Fair Ratio: HNI is expensive based on its Price-To-Earnings Ratio (24.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.1x).
Share Price vs Fair Value
What is the Fair Price of HNI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HNI ($34.64) is trading below our estimate of fair value ($93.37)
Significantly Below Fair Value: HNI is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: HNI is poor value based on its PEG Ratio (1.2x)
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How is HNI forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HNI's forecast earnings growth (20.2% per year) is above the savings rate (1.9%).
Earnings vs Market: HNI's earnings (20.2% per year) are forecast to grow faster than the US market (13.8% per year).
High Growth Earnings: HNI's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HNI's revenue (6.2% per year) is forecast to grow slower than the US market (8.3% per year).
High Growth Revenue: HNI's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HNI's Return on Equity is forecast to be high in 3 years time (24.1%)
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How has HNI performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNI has high quality earnings.
Growing Profit Margin: HNI's current net profit margins (2.6%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: HNI's earnings have declined by 4.1% per year over the past 5 years.
Accelerating Growth: HNI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HNI had negative earnings growth (-26.7%) over the past year, making it difficult to compare to the Commercial Services industry average (25.7%).
Return on Equity
High ROE: HNI's Return on Equity (10.1%) is considered low.
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How is HNI's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HNI's short term assets ($532.9M) exceed its short term liabilities ($462.9M).
Long Term Liabilities: HNI's short term assets ($532.9M) exceed its long term liabilities ($480.1M).
Debt to Equity History and Analysis
Debt Level: HNI's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: HNI's debt to equity ratio has reduced from 58.4% to 41.8% over the past 5 years.
Debt Coverage: HNI's debt is well covered by operating cash flow (37.4%).
Interest Coverage: HNI's interest payments on its debt are well covered by EBIT (12.3x coverage).
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What is HNI current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HNI's dividend (3.7%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: HNI's dividend (3.7%) is low compared to the top 25% of dividend payers in the US market (4.34%).
Stability and Growth of Payments
Stable Dividend: HNI's dividends per share have been stable in the past 10 years.
Growing Dividend: HNI's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (90.9%), HNI's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (215.5%), HNI's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Lorenger (55 yo)
Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. Mr. Lorenger serves as a Director at HNI Corporation since April 2018 and also serves as th...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD9.13M) is above average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: HNI's management team is considered experienced (4.3 years average tenure).
Experienced Board: HNI's board of directors are seasoned and experienced ( 15.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HNI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HNI Corporation's employee growth, exchange listings and data sources
- Name: HNI Corporation
- Ticker: HNI
- Exchange: NYSE
- Founded: 1944
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Implied Market Cap: US$1.468b
- Shares outstanding: 42.39m
- Website: https://www.hnicorp.com
Number of Employees
- HNI Corporation
- 600 East Second Street
- PO Box 1109
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/23 00:00|
|End of Day Share Price||2022/06/23 00:00|
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.