Market Cap
US$1.2b
Last Updated
2020/07/03 00:03 UTC
Data Sources
Company Financials +
Executive Summary
HNI Corporation manufacturHON Industries Inc.es and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Taiwan, and Singapore.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -11.6% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has HNI's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HNI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.5%
HNI
1.8%
US Commercial Services
1.6%
US Market
1 Year Return
-17.1%
HNI
-6.1%
US Commercial Services
4.8%
US Market
Return vs Industry: HNI underperformed the US Commercial Services industry which returned -6.1% over the past year.
Return vs Market: HNI underperformed the US Market which returned 4.8% over the past year.
Shareholder returns
| HNI | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | 1.8% | 1.6% |
| 30 Day | 4.5% | -2.4% | 2.3% |
| 90 Day | 33.0% | 26.2% | 29.5% |
| 1 Year | -13.8%-17.1% | -4.6%-6.1% | 7.1%4.8% |
| 3 Year | -19.8%-27.6% | 36.8%28.3% | 37.1%28.1% |
| 5 Year | -33.6%-42.9% | 75.4%57.7% | 67.2%48.6% |
Price Volatility Vs. Market
How volatile is HNI's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
How Does HNI's (NYSE:HNI) P/E Compare To Its Industry, After The Share Price Drop?3 months ago | Simply Wall St
Did HNI Corporation's (NYSE:HNI) Recent Earnings Growth Beat The Trend?4 months ago | Simply Wall St
What Kind Of Shareholders Own HNI Corporation (NYSE:HNI)?Valuation
Is HNI undervalued compared to its fair value and its price relative to the market?
14.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HNI ($29) is trading above our estimate of fair value ($25.44)
Significantly Below Fair Value: HNI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HNI is good value based on its PE Ratio (14.5x) compared to the Commercial Services industry average (22.1x).
PE vs Market: HNI is good value based on its PE Ratio (14.5x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: HNI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: HNI is overvalued based on its PB Ratio (2.2x) compared to the US Commercial Services industry average (1.4x).
Next Steps
Future Growth
How is HNI forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-11.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HNI's earnings are forecast to decline over the next 3 years (-11.6% per year).
Earnings vs Market: HNI's earnings are forecast to decline over the next 3 years (-11.6% per year).
High Growth Earnings: HNI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HNI's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: HNI's revenue is forecast to decline over the next 3 years (-1.6% 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
Next Steps
Past Performance
How has HNI performed over the past 5 years?
2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNI has a large one-off loss of $40.0M impacting its March 28 2005 financial results.
Growing Profit Margin: HNI's current net profit margins (3.8%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: HNI's earnings have grown by 2.5% 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 (-6.9%) over the past year, making it difficult to compare to the Commercial Services industry average (4.7%).
Return on Equity
High ROE: HNI's Return on Equity (15.5%) is considered low.
Next Steps
Financial Health
How is HNI's financial position?
Financial Position Analysis
Short Term Liabilities: HNI's short term assets ($481.4M) exceed its short term liabilities ($365.6M).
Long Term Liabilities: HNI's short term assets ($481.4M) exceed its long term liabilities ($452.6M).
Debt to Equity History and Analysis
Debt Level: HNI's debt to equity ratio (41.7%) is considered high.
Reducing Debt: HNI's debt to equity ratio has reduced from 61.1% to 41.7% over the past 5 years.
Debt Coverage: HNI's debt is well covered by operating cash flow (93.1%).
Interest Coverage: HNI's interest payments on its debt are well covered by EBIT (19.7x coverage).
Balance Sheet
Next Steps
Dividend
What is HNI current dividend yield, its reliability and sustainability?
4.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HNI's dividend (4.21%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: HNI's dividend (4.21%) is low compared to the top 25% of dividend payers in the US market (4.51%).
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 (61.1%), 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?
3.5yrs
Average management tenure
CEO
Jeff Lorenger (54yo)
2.08yrs
Tenure
US$4,207,042
Compensation
Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. Mr. Lorenger has been President of HNI Corporation since April 20, 2018 and also has been i ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD4.21M) is about average for companies of similar size in the US market ($USD4.72M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.08yrs | US$4.21m | 0.082% $1.0m | |
| Senior VP & CFO | 3.5yrs | US$1.40m | 0.032% $392.2k | |
| Senior VP & President of HNI International | 11.92yrs | US$1.37m | 0.11% $1.3m | |
| Executive VP and President of Hearth & Home Technologies | 2.42yrs | US$1.30m | 0.026% $319.7k | |
| President of The HON Company | 1.67yrs | US$1.12m | no data | |
| VP of Corporate Finance & Treasurer | no data | no data | no data | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| Senior VP | 12.5yrs | no data | 0.075% $923.0k | |
| President of maxon | no data | no data | no data | |
| VP & Corporate Controller | 5.5yrs | no data | 0.0018% $22.1k |
3.5yrs
Average Tenure
50yo
Average Age
Experienced Management: HNI's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.08yrs | US$4.21m | 0.082% $1.0m | |
| Independent Director | 15.92yrs | US$177.21k | 0.12% $1.4m | |
| Independent Director | 17.67yrs | US$192.56k | 0.045% $551.5k | |
| Independent Director | 13.67yrs | US$177.21k | 0.072% $890.5k | |
| Independent Director | 21.17yrs | US$192.21k | 0.17% $2.0m | |
| Independent Director | 20yrs | US$177.21k | 0.042% $520.6k | |
| Independent Lead Director | 0.42yr | US$339.62k | 0.066% $816.1k | |
| Independent Director | 4.42yrs | US$177.21k | 0.041% $508.3k | |
| Independent Director | 3.92yrs | US$177.21k | 0.046% $569.2k | |
| Independent Director | 1yr | no data | 0.018% $219.5k |
9.0yrs
Average Tenure
61yo
Average Age
Experienced Board: HNI's board of directors are considered experienced (9 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
HNI Corporation's company bio, 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$1.237b
- Shares outstanding: 42.65m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HNI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1980 |
| HO9 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1980 |
Biography
HNI Corporation manufacturHON Industries Inc.es and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Taiwan, and Singapore. Its Office Furniture segment offers a range of commercial and home office furniture, which include 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. This segment sells its products through independent dealers, wholesalers, and office product distributors, as well as directly to end-user customers; and federal, state, and local governments. The company’s Hearth Products segment provides various gas, wood, electric, and pellet fueled fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, PelPro, and Stellar Hearth brands. This segment markets its products through independent dealers and distributors, and corporation-owned distribution and retail outlets. HNI Corporation was incorporated in 1944 and is headquartered in Muscatine, Iowa.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/03 00:03 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/28 |
| Annual Earnings | 2019/12/28 |
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.