HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan.
Good value with proven track record and pays a dividend.
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 has not had significant price volatility in the past 3 months.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: HNI underperformed the US Commercial Services industry which returned 22.3% over the past year.
Return vs Market: HNI underperformed the US Market which returned 20.1% over the past year.
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
1 week ago | Simply Wall StDoes Market Volatility Impact HNI Corporation's (NYSE:HNI) Share Price?
3 weeks ago | Simply Wall StSome HNI (NYSE:HNI) Shareholders Are Down 28%
1 month ago | Simply Wall StWhy Dividend Hunters Love HNI Corporation (NYSE:HNI)
Is HNI undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HNI ($37.95) is trading below our estimate of fair value ($84.25)
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 (17.3x) compared to the Commercial Services industry average (26.3x).
PE vs Market: HNI is good value based on its PE Ratio (17.3x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: HNI is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: HNI is overvalued based on its PB Ratio (2.9x) compared to the US Commercial Services industry average (1.8x).
How is HNI forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HNI's forecast earnings growth (14.5% per year) is above the savings rate (1.7%).
Earnings vs Market: HNI's earnings (14.5% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: HNI's earnings are forecast to grow, but not significantly.
Revenue vs Market: HNI's revenue (2.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: HNI's revenue (2.8% 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 (17.9%).
How has HNI performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNI has high quality earnings.
Growing Profit Margin: HNI's current net profit margins (4.3%) are higher than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: HNI's earnings have grown by 3.6% per year over the past 5 years.
Accelerating Growth: HNI's earnings growth over the past year (0.5%) is below its 5-year average (3.6% per year).
Earnings vs Industry: HNI earnings growth over the past year (0.5%) exceeded the Commercial Services industry 0.2%.
Return on Equity
High ROE: HNI's Return on Equity (17%) is considered low.
Return on Assets
Return on Capital Employed
How is HNI's financial position?
Financial Position Analysis
Short Term Liabilities: HNI's short term assets ($544.6M) exceed its short term liabilities ($459.4M).
Long Term Liabilities: HNI's short term assets ($544.6M) exceed its long term liabilities ($450.7M).
Debt to Equity History and Analysis
Debt Level: HNI's debt to equity ratio (43%) is considered high.
Reducing Debt: HNI's debt to equity ratio has increased from 38.2% to 43% over the past 5 years.
Debt Coverage: HNI's debt is well covered by operating cash flow (77.6%).
Interest Coverage: HNI's interest payments on its debt are well covered by EBIT (16.5x coverage).
Inventory Level: HNI has a high level of physical assets or inventory.
Debt Coverage by Assets: HNI's debt is covered by short term assets (assets are 2.3x debt).
What is HNI's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HNI's dividend (3.21%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: HNI's dividend (3.21%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: HNI's dividends per share have been stable in the past 10 years.
Growing Dividend: HNI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.6%), HNI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Lorenger (53yo)
Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. Mr. Lorenger has been President of HNI Corporation since April 20, 2018 and also has been i ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD2.72M) is about average for companies of similar size in the US market ($USD3.74M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.
|Senior VP & CFO||3.1yrs||US$1.14m||0.029% $471.9k|
|Senior Vice President||11.5yrs||US$1.38m||0.10% $1.7m|
|Executive Vice President||2yrs||US$1.29m||0.021% $347.3k|
|Director of Finance & Investor Relations and Treasurer||0yrs||no data||no data|
|Senior VP||12.1yrs||no data||0.072% $1.2m|
|President of maxon||0yrs||no data||no data|
|VP & Corporate Controller||5.1yrs||no data||0.0018% $28.9k|
|President of The HON Company||2.1yrs||no data||no data|
|President of Allsteel||0.6yrs||no data||0.011% $175.5k|
Experienced Management: HNI's management team is considered experienced (2.6 years average tenure).
|Independent Director||22.1yrs||US$187.21k||0.072% $1.2m|
|Independent Director||15.5yrs||US$177.21k||0.11% $1.8m|
|Independent Director||17.3yrs||US$192.56k||0.047% $769.0k|
|Independent Director||13.3yrs||US$177.21k||0.063% $1.0m|
|Independent Director||20.8yrs||US$192.21k||0.16% $2.5m|
|Independent Director||19.6yrs||US$177.21k||0.034% $544.4k|
|Lead Director||0yrs||US$196.84k||0.061% $997.5k|
|Independent Director||4yrs||US$177.21k||0.036% $582.0k|
|Independent Director||3.5yrs||US$177.21k||0.035% $568.6k|
Experienced Board: HNI's board of directors are seasoned and experienced ( 16.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HNI Corporation's company bio, employee growth, exchange listings and data sources
- Name: HNI Corporation
- Ticker: HNI
- Exchange: NYSE
- Founded: 1944
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Market Cap: US$1.625b
- Shares outstanding: 42.82m
- Website: https://www.hnicorp.com
Number of Employees
- HNI Corporation
- 600 East Second Street
- PO Box 1109
- United States
|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|
HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Kong, India, Mexico, Dubai, Singapore, and Taiwan. Its Office Furniture segment offers a range of commercial and home office furniture, which include storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions and panel systems, and other related products under the HON, Allsteel, Maxon, Gunlocke, HBF, OFM, 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, electric, wood, and biomass burning fireplaces; inserts; stoves; facings; and accessories primarily for home use under the Heatilator, Heat & Glo, Majestic, Monessen, Quadra-Fire, Harman, Vermont Castings, Stellar Hearth, and PelPro 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||2020/02/16 00:34|
|End of Day Share Price||2020/02/14 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.