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Hennessy Capital Acquisition III

AMEX:HCAC
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HCAC
AMEX
$80M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Hennessy Capital Acquisition Corp. III does not have significant operations. The last earnings update was 7 days ago. More info.


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HCAC Share Price and Events
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Hennessy Capital Acquisition III undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Hennessy Capital Acquisition III. This is due to cash flow or dividend data being unavailable. The share price is $10.17.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hennessy Capital Acquisition III's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hennessy Capital Acquisition III's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:HCAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.17
AMEX:HCAC Share Price ** AMEX (2018-10-16) in USD $10.17
United States of America Capital Markets Industry PE Ratio Median Figure of 65 Publicly-Listed Capital Markets Companies 22.59x
United States of America Market PE Ratio Median Figure of 2,939 Publicly-Listed Companies 19.35x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hennessy Capital Acquisition III.

AMEX:HCAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:HCAC Share Price ÷ EPS (both in USD)

= 10.17 ÷ -0.17

-59.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hennessy Capital Acquisition III is loss making, we can't compare its value to the US Capital Markets industry average.
  • Hennessy Capital Acquisition III is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Hennessy Capital Acquisition III's expected growth come at a high price?
Raw Data
AMEX:HCAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -59.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.73x
United States of America Market PEG Ratio Median Figure of 2,057 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Hennessy Capital Acquisition III, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hennessy Capital Acquisition III's assets?
Raw Data
AMEX:HCAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.64
AMEX:HCAC Share Price * AMEX (2018-10-16) in USD $10.17
United States of America Capital Markets Industry PB Ratio Median Figure of 125 Publicly-Listed Capital Markets Companies 4.65x
United States of America Market PB Ratio Median Figure of 4,937 Publicly-Listed Companies 1.94x
AMEX:HCAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:HCAC Share Price ÷ Book Value per Share (both in USD)

= 10.17 ÷ 0.64

15.97x

* Primary Listing of Hennessy Capital Acquisition III.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hennessy Capital Acquisition III is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Hennessy Capital Acquisition III's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Hennessy Capital Acquisition III has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hennessy Capital Acquisition III expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Capital Acquisition III 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hennessy Capital Acquisition III expected to grow at an attractive rate?
  • Unable to compare Hennessy Capital Acquisition III's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Hennessy Capital Acquisition III's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Hennessy Capital Acquisition III's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:HCAC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 16.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AMEX:HCAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:HCAC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -2 -1
2018-06-30 -2 -1
2018-03-31 -1 1
2017-12-31 -0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Hennessy Capital Acquisition III is high growth as no earnings estimate data is available.
  • Unable to determine if Hennessy Capital Acquisition III is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AMEX:HCAC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hennessy Capital Acquisition III Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:HCAC Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.17
2018-06-30 -0.14
2018-03-31 0.10
2017-12-31 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hennessy Capital Acquisition III will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Hennessy Capital Acquisition III's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Hennessy Capital Acquisition III's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Hennessy Capital Acquisition III's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Hennessy Capital Acquisition III's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hennessy Capital Acquisition III has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hennessy Capital Acquisition III performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hennessy Capital Acquisition III's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hennessy Capital Acquisition III does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Hennessy Capital Acquisition III's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hennessy Capital Acquisition III's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Hennessy Capital Acquisition III's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hennessy Capital Acquisition III Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:HCAC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -1.34 4.34
2018-06-30 -1.06 3.57
2018-03-31 0.74 0.95
2017-12-31 0.28 0.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Hennessy Capital Acquisition III has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Hennessy Capital Acquisition III has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hennessy Capital Acquisition III improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hennessy Capital Acquisition III's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hennessy Capital Acquisition III has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hennessy Capital Acquisition III's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hennessy Capital Acquisition III's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hennessy Capital Acquisition III's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hennessy Capital Acquisition III's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hennessy Capital Acquisition III's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Hennessy Capital Acquisition III has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hennessy Capital Acquisition III Company Filings, last reported 2 weeks ago.

AMEX:HCAC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 5.00 0.00 0.44
2018-06-30 5.00 0.00 0.88
2018-03-31 5.00 0.00 1.03
2017-12-31 5.00 0.00 1.35
  • Hennessy Capital Acquisition III has no debt.
  • Hennessy Capital Acquisition III has not taken on any debt in the past 5 years.
  • Hennessy Capital Acquisition III has no debt, it does not need to be covered by operating cash flow.
  • Hennessy Capital Acquisition III has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hennessy Capital Acquisition III's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hennessy Capital Acquisition III has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hennessy Capital Acquisition III's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Hennessy Capital Acquisition III dividends.
If you bought $2,000 of Hennessy Capital Acquisition III shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Hennessy Capital Acquisition III's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hennessy Capital Acquisition III's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AMEX:HCAC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1971 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Hennessy Capital Acquisition III has not reported any payouts.
  • Unable to verify if Hennessy Capital Acquisition III's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hennessy Capital Acquisition III's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hennessy Capital Acquisition III has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hennessy Capital Acquisition III's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hennessy Capital Acquisition III afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hennessy Capital Acquisition III has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hennessy Capital Acquisition III's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Hennessy, image provided by Google.
Dan Hennessy
AGE 61
TENURE AS CEO 1.8 years
CEO Bio

Mr. Daniel Joseph Hennessy, also known as Dan, serves as Chairman and Chief Executive Officer of Hennessy Capital Acquisition Corp. III. He is also the Managing Member of Hennessy Capital LLC, an alternative investment firm he established in 2013. From September 2013 to February 2015, Mr. Hennessy served as Chairman of the Board and Chief Executive Officer of Hennessy Capital Acquisition Corp., or Hennessy I, which merged with School Bus Holdings Inc. in February 2015 and is now known as Blue Bird Corporation (NASDAQ: BLBD), and since February 2015, has served as its Vice Chairman. From April 2015 to February 2017, Mr. Hennessy served as Chairman of the Board and Chief Executive Officer of Hennessy Capital Acquisition Corp. II, or Hennessy II, which merged with Daseke in February 2017 and is now known as Daseke, Inc. (NASDAQ: DSKE) and has been its Vice Chairman since February 2017. From 1988 to 2016, Mr. Hennessy served as a Partner at Code Hennessy & Simmons LLC (n/k/a CHS Capital or “CHS”), a middle-market private equity investment firm he co-founded in 1988. Over a 25 year period, CHS invested $2.9 billion in nearly 400 operating. Mr. Hennessy has served as Chairman of the Board of Directors of various CHS portfolio companies that manufacture and/or distribute a broad array of products or provide services for the industrial, infrastructure, energy and packaging sectors including Thermon Group Holdings, a designer and manufacturer of heat tracing systems focused on the external application of heat to pipes, tanks and instrumentation from April 2010 to May 2011, Dura-Line Holdings, a producer of high-density polyethylene conduit and pipes from January 2012 to September 2014, Penhall International, a provider of concrete cutting, breaking, excavation and highway grinding services, from July 2006 to November 2010, GSE Environmental, a supplier of geosynthetic liners and products, from May 2004 to December 2011, WNA, a designer and manufacturer of upscale plastic disposable tableware products, from 2002 to 2007 and Kranson Industries (n/k/a/ TricorBraun), a distributor of plastic and glass containers, from 1999 to 2004. In 2009, EDH Properties, LLC, a family real estate investment entity for which Mr. Hennessy was the managing member, filed a petition for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code. A plan of reorganization was confirmed by the court in 2010 and the Lender received payment in full. Prior to forming CHS, Mr. Hennessy was employed by Citicorp from 1984 to 1988 as Head of the Midwest Region for Citicorp Mezzanine Investments and Vice President and Team Leader with Citicorp Leveraged Capital Group. He began his career in 1981 in the oil and gas lending group at Continental Illinois National Bank (now Bank of America) where he was a Banking Officer. Mr. Hennessy holds a B.A. degree, magna cum laude, from Boston College and an M.B.A. from the University of Michigan Ross School of Business. Mr. Hennessy is well qualified to serve as Director due to his experience in private equity and public and private company Board governance, as well as his background in finance and his experience with Hennessy I and Hennessy II.

CEO Compensation
  • Insufficient data for Dan to compare compensation growth.
  • Insufficient data for Dan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hennessy Capital Acquisition III management team in years:

1.8
Average Tenure
53
Average Age
  • The average tenure for the Hennessy Capital Acquisition III management team is less than 2 years, this suggests a new team.
Management Team

Dan Hennessy

TITLE
Chairman & CEO
AGE
61
TENURE
1.8 yrs

Kevin Charlton

TITLE
President
AGE
52
TENURE
1.8 yrs

Nicholas Petruska

TITLE
Executive VP
AGE
31
TENURE
1.8 yrs

Chuck Lowrey

TITLE
AGE
54
Board of Directors Tenure

Average tenure and age of the Hennessy Capital Acquisition III board of directors in years:

1.7
Average Tenure
65
Average Age
  • The average tenure for the Hennessy Capital Acquisition III board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dan Hennessy

TITLE
Chairman & CEO
AGE
61
TENURE
1.8 yrs

Kevin Charlton

TITLE
President
AGE
52
TENURE
1.7 yrs

Brad Bell

TITLE
Independent Director
AGE
65
TENURE
1.7 yrs

Peter Shea

TITLE
Independent Director
AGE
67
TENURE
1.7 yrs

Richard Burns

TITLE
Independent Director
AGE
65
TENURE
1.7 yrs

Jim O'Neil

TITLE
Independent Director
AGE
59
TENURE
1.7 yrs

Dan DiMicco

TITLE
Independent Director
AGE
67
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
X
Management checks
We assess Hennessy Capital Acquisition III's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hennessy Capital Acquisition III has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Hennessy Capital Acquisition Corp III (NYSEMKT:HCAC): Is Now The Time To Bet On Financials?

Hennessy Capital Acquisition Corp III (AMEX:HCAC), a $76.50M small-cap, operates in the capital markets industry, which now face the choice of either being disintermediated or proactively disrupting their own business models to thrive in the future. … Given the lack of analyst consensus in Hennessy Capital Acquisition III’s outlook, we could potentially assume the stock’s growth rate broadly follows its capital markets industry peers. … A loose alternative to gauge Hennessy Capital Acquisition III’s value is to assume the stock should be relatively in-line with its industry.

Simply Wall St -

Company Info

Map
Description

Hennessy Capital Acquisition Corp. III does not have significant operations. It intends to acquire one or more businesses through a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or similar business combination. The company was founded in 2017 and is based in Wilson, Wyoming.

Details
Name: Hennessy Capital Acquisition Corp. III
HCAC
Exchange: AMEX
Founded: 2017
$79,849,775
7,851,502
Website: http://www.hennessycapllc.com/hcac-iii
Address: Hennessy Capital Acquisition Corp. III
3485 North Pines Way,
Suite 110,
Wilson,
Wyoming, 83014,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX HCAC Common Stock NYSE MKT LLC US USD 01. Aug 2017
AMEX HCAC.U Units NYSE MKT LLC US USD 23. Jun 2017
Number of employees
Current staff
Staff numbers
0
Hennessy Capital Acquisition III employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/17 23:23
End of day share price update: 2018/10/16 00:00
Last earnings filing: 2018/10/10
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.