NasdaqCM:HNNA

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Executive Summary

Hennessy Advisors, Inc. is publicly owned investment manager. More Details


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

HNNAIndustryMarket
7 Day-2.6%-0.7%-0.4%
30 Day4.4%7.3%2.3%
90 Day0.9%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

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

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

NamePositionTenureCompensationOwnership
Neil Hennessy
Chairman & CEO32yrsUS$1.59m27.79%
$ 17.9m
Teresa Nilsen
President32yrsUS$1.02m1.4%
$ 901.7k
Kathryn Fahy
CFO & Senior VP3yrsUS$465.55k0.74%
$ 479.1k
Daniel Steadman
Executive VP & Director21yrsUS$427.16k0.48%
$ 312.3k
Jennifer Cheskiewicz
General Counselno datano datano data
Brian Carlson
Chief Compliance Officer3yrsno datano data
Tania Kelley
Vice President of Marketingno datano datano data
Alan Hennessy
Vice President of Corporate Development & Operationsno datano datano data
Lesha Harding
Assistant Controllerno datano datano data
Jill Carley
Marketing Associateno datano datano data
Daniel Hennessy
Portfolio Managerno datano datano data
L. Joshua Wein
Portfolio Managerno datano datano data

3.0yrs

Average Tenure

54yo

Average Age

Experienced Management: HNNA's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Neil Hennessy
Chairman & CEO32yrsUS$1.59m27.79%
$ 17.9m
Teresa Nilsen
President32yrsUS$1.02m1.4%
$ 901.7k
Daniel Steadman
Executive VP & Director21yrsUS$427.16k0.48%
$ 312.3k
Daniel Libarle
Independent Director20yrsUS$121.38k1.19%
$ 769.4k
Brian Hennessy
Director32yrsUS$110.63k3.73%
$ 2.4m
Henry Hansel
Independent Director20yrsUS$102.38k2.55%
$ 1.6m
Rodger Offenbach
Independent Director20yrsUS$114.38k1.54%
$ 993.9k
Thomas Seavey
Independent Director20yrsUS$120.38k0.77%
$ 493.1k
Susan Pomilia
Independent Director6.75yrsUS$114.88k1.32%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HNNANasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 23:01
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/09/30


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.