Hennessy Advisors
Market Cap
US$64.4m
Last Updated
2021/01/18 23:01 UTC
Data Sources
Company Financials
Executive Summary
Hennessy Advisors, Inc. is publicly owned investment manager. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has Hennessy Advisors's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HNNA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: HNNA's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.6%
HNNA
-0.7%
US Capital Markets
-0.4%
US Market
1 Year Return
-13.7%
HNNA
15.7%
US Capital Markets
19.5%
US Market
Return vs Industry: HNNA underperformed the US Capital Markets industry which returned 15.7% over the past year.
Return vs Market: HNNA underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| HNNA | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -0.7% | -0.4% |
| 30 Day | 4.4% | 7.3% | 2.3% |
| 90 Day | 0.9% | 21.0% | 12.7% |
| 1 Year | -8.3%-13.7% | 18.6%15.7% | 22.3%19.5% |
| 3 Year | -43.0%-50.2% | 30.2%20.2% | 44.4%34.8% |
| 5 Year | -42.6%-51.2% | 152.5%120.9% | 128.7%103.3% |
Long-Term Price Volatility Vs. Market
How volatile is Hennessy Advisors's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
This Insider Has Just Sold Shares In Hennessy Advisors, Inc. (NASDAQ:HNNA)4 weeks ago | Simply Wall St
How Much Did Hennessy Advisors' (NASDAQ:HNNA) CEO Pocket Last Year?Valuation
Is Hennessy Advisors undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HNNA ($8.75) is trading below our estimate of fair value ($34.23)
Significantly Below Fair Value: HNNA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HNNA is good value based on its PE Ratio (8.2x) compared to the US Capital Markets industry average (27.1x).
PE vs Market: HNNA is good value based on its PE Ratio (8.2x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HNNA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HNNA is good value based on its PB Ratio (0.8x) compared to the US Capital Markets industry average (5x).
Next Steps
Future Growth
How is Hennessy Advisors forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
12.8%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hennessy Advisors has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Hennessy Advisors is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has Hennessy Advisors performed over the past 5 years?
-5.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HNNA has high quality earnings.
Growing Profit Margin: HNNA's current net profit margins (23.5%) are lower than last year (25.8%).
Past Earnings Growth Analysis
Earnings Trend: HNNA's earnings have declined by 5.7% per year over the past 5 years.
Accelerating Growth: HNNA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HNNA had negative earnings growth (-28.9%) over the past year, making it difficult to compare to the Capital Markets industry average (4.9%).
Return on Equity
High ROE: HNNA's Return on Equity (10%) is considered low.
Next Steps
Financial Health
How is Hennessy Advisors's financial position?
Financial Position Analysis
Short Term Liabilities: HNNA's short term assets ($13.4M) exceed its short term liabilities ($5.1M).
Long Term Liabilities: HNNA's short term assets ($13.4M) exceed its long term liabilities ($11.5M).
Debt to Equity History and Analysis
Debt Level: HNNA is debt free.
Reducing Debt: HNNA has no debt compared to 5 years ago when its debt to equity ratio was 150.9%.
Debt Coverage: HNNA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: HNNA has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Hennessy Advisors's current dividend yield, its reliability and sustainability?
6.29%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HNNA's dividend (6.29%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: HNNA's dividend (6.29%) is in the top 25% of dividend payers in the US market (3.85%)
Stability and Growth of Payments
Stable Dividend: HNNA's dividends per share have been stable in the past 10 years.
Growing Dividend: HNNA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.6%), HNNA'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?
3.0yrs
Average management tenure
CEO
Neil Hennessy (64 yo)
32yrs
Tenure
US$1,593,143
Compensation
Mr. Neil Joseph Hennessy is the Chief Executive Officer and Chairman of the Board of Directors of Hennessy Advisors, Inc. since 1989. Previously, Mr. Hennessy served as President of Hennessy Advisors from ...
CEO Compensation Analysis
Compensation vs Market: Neil's total compensation ($USD1.59M) is above average for companies of similar size in the US market ($USD535.60K).
Compensation vs Earnings: Neil's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 32yrs | US$1.59m | 27.79% $ 17.9m | |
| President | 32yrs | US$1.02m | 1.4% $ 901.7k | |
| CFO & Senior VP | 3yrs | US$465.55k | 0.74% $ 479.1k | |
| Executive VP & Director | 21yrs | US$427.16k | 0.48% $ 312.3k | |
| General Counsel | no data | no data | no data | |
| Chief Compliance Officer | 3yrs | no data | no data | |
| Vice President of Marketing | no data | no data | no data | |
| Vice President of Corporate Development & Operations | no data | no data | no data | |
| Assistant Controller | no data | no data | no data | |
| Marketing Associate | no data | no data | no data | |
| Portfolio Manager | no data | no data | no data | |
| Portfolio Manager | no data | no data | no data |
3.0yrs
Average Tenure
54yo
Average Age
Experienced Management: HNNA's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 32yrs | US$1.59m | 27.79% $ 17.9m | |
| President | 32yrs | US$1.02m | 1.4% $ 901.7k | |
| Executive VP & Director | 21yrs | US$427.16k | 0.48% $ 312.3k | |
| Independent Director | 20yrs | US$121.38k | 1.19% $ 769.4k | |
| Director | 32yrs | US$110.63k | 3.73% $ 2.4m | |
| Independent Director | 20yrs | US$102.38k | 2.55% $ 1.6m | |
| Independent Director | 20yrs | US$114.38k | 1.54% $ 993.9k | |
| Independent Director | 20yrs | US$120.38k | 0.77% $ 493.1k | |
| Independent Director | 6.75yrs | US$114.88k | 1.32% $ 849.0k |
20.0yrs
Average Tenure
67yo
Average Age
Experienced Board: HNNA's board of directors are seasoned and experienced ( 20 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HNNA insiders have only sold shares 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
Hennessy Advisors, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hennessy Advisors, Inc.
- Ticker: HNNA
- Exchange: NasdaqCM
- Founded: 1989
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$64.397m
- Shares outstanding: 7.36m
- Website: https://www.hennessyadvisors.com
Number of Employees
Location
- Hennessy Advisors, Inc.
- 7250 Redwood Boulevard
- Suite 200
- Novato
- California
- 94945
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HNNA | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Aug 2002 |
Biography
Hennessy Advisors, Inc. is publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual fu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 23:01 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/09/30 |
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.