Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, intervention solutions, and professional learning services worldwide.
Fair value with mediocre balance sheet.
Share Price & News
How has Houghton Mifflin Harcourt's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HMHC's share price has been volatile over the past 3 months.
7 Day Return
US Consumer Services
1 Year Return
US Consumer Services
Return vs Industry: HMHC underperformed the US Consumer Services industry which returned 45.6% over the past year.
Return vs Market: HMHC underperformed the US Market which returned 16.4% over the past year.
Price Volatility Vs. Market
How volatile is Houghton Mifflin Harcourt's share price compared to the market and industry in the last 5 years?
Simply Wall St News
20 hours ago | Simply Wall StWhy Houghton Mifflin Harcourt's (NASDAQ:HMHC) CEO Pay Matters
20 hours ago | Simply Wall StHere's What We Learned About The CEO Pay At Houghton Mifflin Harcourt Company (NASDAQ:HMHC)
4 months ago | Simply Wall StThose Who Purchased Houghton Mifflin Harcourt (NASDAQ:HMHC) Shares Five Years Ago Have A 91% Loss To Show For It
Is Houghton Mifflin Harcourt 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: HMHC ($2.91) is trading below our estimate of fair value ($8.54)
Significantly Below Fair Value: HMHC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HMHC is unprofitable, so we can't compare its PE Ratio to the US Consumer Services industry average.
PE vs Market: HMHC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HMHC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HMHC is good value based on its PB Ratio (1.9x) compared to the US Consumer Services industry average (2.7x).
How is Houghton Mifflin Harcourt forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HMHC is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: HMHC is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: HMHC is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: HMHC's revenue (6.3% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: HMHC's revenue (6.3% 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 HMHC's Return on Equity is forecast to be high in 3 years time
How has Houghton Mifflin Harcourt performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HMHC is currently unprofitable.
Growing Profit Margin: HMHC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HMHC is unprofitable, and losses have increased over the past 5 years at a rate of 12.9% per year.
Accelerating Growth: Unable to compare HMHC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HMHC is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (26.2%).
Return on Equity
High ROE: HMHC has a negative Return on Equity (-232.95%), as it is currently unprofitable.
How is Houghton Mifflin Harcourt's financial position?
Financial Position Analysis
Short Term Liabilities: HMHC's short term assets ($672.7M) exceed its short term liabilities ($593.4M).
Long Term Liabilities: HMHC's short term assets ($672.7M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: HMHC's debt to equity ratio (397.5%) is considered high.
Reducing Debt: HMHC's debt to equity ratio has increased from 55.8% to 397.5% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable HMHC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HMHC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.7% per year.
What is Houghton Mifflin Harcourt current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HMHC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HMHC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HMHC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HMHC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HMHC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jack Lynch (61 yo)
Mr. John J. Lynch Jr., also known as Jack, has been the Chief Executive Officer, President and Director of Houghton Mifflin Harcourt Publishing Company (HMH) since 2017. Mr. Lynch joined HMH in 2017. Mr. L ...
CEO Compensation Analysis
Compensation vs Market: Jack's total compensation ($USD4.71M) is above average for companies of similar size in the US market ($USD2.03M).
Compensation vs Earnings: Jack's compensation has increased whilst the company is unprofitable.
|Executive VP & CFO||4.42yrs||US$2.59m||0.073% |
|Executive VP||13.25yrs||US$1.54m||0.042% |
|Executive VP & GM of Core Solutions||2.92yrs||US$1.59m||0.027% |
|Executive Vice President of Global Operations & Customer Experience||3.25yrs||no data||no data|
|CTO & Executive VP||no data||no data||no data|
|Chief Information Officer & Senior VP||2.83yrs||no data||no data|
|Senior VP & Chief Information Officer||no data||no data||no data|
|Head of Investor Relations & Senior VP||3.5yrs||no data||no data|
|Senior VP & Chief People Officer||2.83yrs||no data||0.0081% |
|Senior Vice President of Corporate Affairs||no data||no data||no data|
|President of HMH Books & Media||4.67yrs||US$1.04m||0.029% |
Experienced Management: HMHC's management team is considered experienced (3.3 years average tenure).
|Independent Director||7.92yrs||US$195.00k||0.024% |
|Independent Director||8yrs||US$170.00k||0.055% |
|Independent Director||4.08yrs||US$185.00k||0.031% |
|Independent Chairman of the Board||9.58yrs||US$343.96k||0.15% |
|Independent Director||9.58yrs||US$200.00k||0.039% |
|Independent Director||8.17yrs||US$187.50k||0.038% |
|Independent Director||3.67yrs||no data||no data|
|Independent Director||2.42yrs||US$185.00k||0.014% |
Experienced Board: HMHC's board of directors are considered experienced (7.9 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Houghton Mifflin Harcourt Company's company bio, employee growth, exchange listings and data sources
- Name: Houghton Mifflin Harcourt Company
- Ticker: HMHC
- Exchange: NasdaqGS
- Founded: 1832
- Industry: Education Services
- Sector: Consumer Services
- Market Cap: US$366.166m
- Shares outstanding: 125.83m
- Website: https://www.hmhco.com
Number of Employees
- Houghton Mifflin Harcourt Company
- 125 High Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HMHC||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 2013|
|HM0||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 2013|
Houghton Mifflin Harcourt Company, a learning company, provides curriculum, supplemental, intervention solutions, and professional learning services worldwide. The company operates in two segments, Educati ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/11 00:21|
|End of Day Share Price||2020/08/10 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.