Market Cap
US$1.4b
Last Updated
2021/01/25 23:45 UTC
Data Sources
Company Financials +
Executive Summary
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Taiwan, and Singapore. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless 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 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.
Market Performance
7 Day Return
0.4%
HNI
0.4%
US Commercial Services
2.6%
US Market
1 Year Return
-9.0%
HNI
6.5%
US Commercial Services
26.0%
US Market
Return vs Industry: HNI underperformed the US Commercial Services industry which returned 6.5% over the past year.
Return vs Market: HNI underperformed the US Market which returned 26% over the past year.
Shareholder returns
| HNI | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 0.4% | 2.6% |
| 30 Day | -5.9% | -0.5% | 5.1% |
| 90 Day | -1.4% | 7.6% | 17.1% |
| 1 Year | -5.3%-9.0% | 7.9%6.5% | 28.9%26.0% |
| 3 Year | -4.5%-13.9% | 40.0%30.3% | 46.3%36.6% |
| 5 Year | 17.3%0.2% | 128.3%104.4% | 126.9%101.6% |
Long-Term 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
4 days ago | Simply Wall St
Here's Why HNI's (NYSE:HNI) Statutory Earnings Are Arguably Too Conservative2 weeks ago | Simply Wall St
Is It Time To Consider Buying HNI Corporation (NYSE:HNI)?3 weeks ago | Simply Wall St
HNI (NYSE:HNI) Has A Pretty Healthy Balance SheetValuation
Is HNI undervalued compared to its fair value and its price relative to the market?
13.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HNI ($33.72) is trading below our estimate of fair value ($38.85)
Significantly Below Fair Value: HNI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HNI is good value based on its PE Ratio (21.5x) compared to the US Commercial Services industry average (26.5x).
PE vs Market: HNI is poor value based on its PE Ratio (21.5x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: HNI is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: HNI is overvalued based on its PB Ratio (2.6x) compared to the US Commercial Services industry average (2.3x).
Next Steps
Future Growth
How is HNI forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
28.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HNI's forecast earnings growth (28.1% per year) is above the savings rate (2%).
Earnings vs Market: HNI's earnings (28.1% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HNI's revenue (2.7% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: HNI's revenue (2.7% 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 low in 3 years time (14.8%).
Next Steps
Past Performance
How has HNI performed over the past 5 years?
-2.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNI has a large one-off loss of $38.8M impacting its September 26 2020 financial results.
Growing Profit Margin: HNI's current net profit margins (3.3%) are lower than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: HNI's earnings have declined by 2.3% 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 (-29.7%) over the past year, making it difficult to compare to the Commercial Services industry average (-9%).
Return on Equity
High ROE: HNI's Return on Equity (11.7%) is considered low.
Next Steps
Financial Health
How is HNI's financial position?
Financial Position Analysis
Short Term Liabilities: HNI's short term assets ($500.4M) exceed its short term liabilities ($417.2M).
Long Term Liabilities: HNI's short term assets ($500.4M) exceed its long term liabilities ($383.9M).
Debt to Equity History and Analysis
Debt Level: HNI's debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: HNI's debt to equity ratio has reduced from 53.4% to 30.4% over the past 5 years.
Debt Coverage: HNI's debt is well covered by operating cash flow (141.6%).
Interest Coverage: HNI's interest payments on its debt are well covered by EBIT (18.6x coverage).
Balance Sheet
Next Steps
Dividend
What is HNI current dividend yield, its reliability and sustainability?
3.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HNI's dividend (3.62%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: HNI's dividend (3.62%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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: At its current payout ratio (77.8%), HNI's 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?
2.9yrs
Average management tenure
CEO
Jeff Lorenger (54 yo)
2.58yrs
Tenure
US$4,207,042
Compensation
Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. Mr. Lorenger has been Director of HNI Corporation since 2018 and had been President since A...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD4.21M) is about average for companies of similar size in the US market ($USD3.86M).
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 |
|---|---|---|---|---|
| CEO & Chairman of the Board | 2.58yrs | US$4.21m | 0.10% $ 1.5m | |
| Senior VP & CFO | 4yrs | US$1.40m | 0.036% $ 525.4k | |
| Senior VP & President of HNI International | 12.42yrs | US$1.37m | 0.11% $ 1.5m | |
| Executive VP and President of Hearth & Home Technologies | 2.92yrs | US$1.30m | 0.031% $ 444.8k | |
| President of The HON Company | 2.17yrs | US$1.12m | no data | |
| President | no data | no data | no data | |
| Vice President of Finance & Operations | no data | no data | no data | |
| VP of Corporate Finance & Treasurer | no data | no data | no data | |
| VP and Chief Information & Digital Officer | 1yr | no data | no data | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| Senior VP | 13yrs | no data | 0.076% $ 1.1m | |
| President of maxon | no data | no data | no data |
2.9yrs
Average Tenure
52yo
Average Age
Experienced Management: HNI's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 2.58yrs | US$4.21m | 0.10% $ 1.5m | |
| Independent Director | 16.42yrs | US$177.21k | 0.10% $ 1.4m | |
| Independent Director | 18.17yrs | US$192.56k | 0.045% $ 641.2k | |
| Independent Director | 14.17yrs | US$177.21k | 0.074% $ 1.1m | |
| Independent Director | 21.67yrs | US$192.21k | 0.16% $ 2.4m | |
| Independent Director | 20.5yrs | US$177.21k | 0.042% $ 605.4k | |
| Independent Lead Director | 0.92yr | US$339.62k | 0.062% $ 888.1k | |
| Independent Director | 4.92yrs | US$177.21k | 0.044% $ 630.4k | |
| Independent Director | 4.42yrs | US$177.21k | 0.049% $ 699.3k | |
| Independent Director | 1.5yrs | no data | 0.019% $ 274.0k |
9.5yrs
Average Tenure
61yo
Average Age
Experienced Board: HNI's board of directors are considered experienced (9.5 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$1.440b
- Shares outstanding: 42.71m
- 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 manufactures 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:45 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/26 |
| 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.