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Market Cap

US$400.4m

Last Updated

2021/05/16 22:16 UTC

Data Sources

Company Financials +

Executive Summary

Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

How has Haynes International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HAYN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HAYN's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-2.9%

HAYN

0.2%

US Metals and Mining

-1.7%

US Market


1 Year Return

45.1%

HAYN

101.0%

US Metals and Mining

50.8%

US Market

Return vs Industry: HAYN underperformed the US Metals and Mining industry which returned 100.8% over the past year.

Return vs Market: HAYN underperformed the US Market which returned 50.8% over the past year.


Shareholder returns

HAYNIndustryMarket
7 Day-2.9%0.2%-1.7%
30 Day8.4%9.4%-1.5%
90 Day26.9%24.2%0.4%
1 Year50.7%45.1%105.4%101.0%53.3%50.8%
3 Year-15.4%-22.7%60.8%50.1%61.5%51.4%
5 Year41.2%22.8%157.0%134.1%125.8%100.7%

Long-Term Price Volatility Vs. Market

How volatile is Haynes International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Haynes International undervalued compared to its fair value and its price relative to the market?

1.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HAYN ($31.99) is trading above our estimate of fair value ($10.72)

Significantly Below Fair Value: HAYN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HAYN is unprofitable, so we can't compare its PE Ratio to the US Metals and Mining industry average.

PE vs Market: HAYN 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 HAYN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HAYN is good value based on its PB Ratio (1.4x) compared to the US Metals and Mining industry average (2.6x).


Future Growth

How is Haynes International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

104.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAYN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: HAYN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HAYN's is expected to become profitable in the next 3 years.

Revenue vs Market: HAYN's revenue (17.8% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: HAYN's revenue (17.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HAYN's Return on Equity is forecast to be low in 3 years time (5.4%).


Past Performance

How has Haynes International performed over the past 5 years?

-9.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAYN is currently unprofitable.

Growing Profit Margin: HAYN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HAYN is unprofitable, and losses have increased over the past 5 years at a rate of 9% per year.

Accelerating Growth: Unable to compare HAYN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HAYN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (37%).


Return on Equity

High ROE: HAYN has a negative Return on Equity (-8.67%), as it is currently unprofitable.


Financial Health

How is Haynes International's financial position?


Financial Position Analysis

Short Term Liabilities: HAYN's short term assets ($350.5M) exceed its short term liabilities ($46.5M).

Long Term Liabilities: HAYN's short term assets ($350.5M) exceed its long term liabilities ($215.1M).


Debt to Equity History and Analysis

Debt Level: HAYN is debt free.

Reducing Debt: HAYN currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: HAYN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: HAYN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Haynes International current dividend yield, its reliability and sustainability?

2.75%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 17 2021Ex Dividend DateMay 28 2021Dividend Pay DateJun 15 202118 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HAYN's dividend (2.75%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: HAYN's dividend (2.75%) is low compared to the top 25% of dividend payers in the US market (3.42%).


Stability and Growth of Payments

Stable Dividend: HAYN's dividends per share have been stable in the past 10 years.

Growing Dividend: HAYN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: HAYN is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: HAYN's dividends in 3 years are forecast to be covered by earnings (73.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average management tenure


CEO

Michael Shor (60 yo)

3yrs

Tenure

US$2,043,131

Compensation

Mr. Michael L. Shor has been Chief Executive Officer and President at Haynes International, Inc. since September 01, 2018. Mr. Shor served as Chairman of the Board at Haynes International, Inc. since Febru...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD2.04M) is about average for companies of similar size in the US market ($USD1.74M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HAYN's management team is seasoned and experienced (8.4 years average tenure).


Board Members

Experienced Board: HAYN's board of directors are considered experienced (3.8 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Haynes International, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Haynes International, Inc.
  • Ticker: HAYN
  • Exchange: NasdaqGS
  • Founded: 1912
  • Industry: Steel
  • Sector: Materials
  • Market Cap: US$400.360m
  • Shares outstanding: 12.52m
  • Website: https://www.haynesintl.com

Number of Employees


Location

  • Haynes International, Inc.
  • 1020 West Park Avenue
  • PO Box 9013
  • Kokomo
  • Indiana
  • 46904
  • United States

Listings


Biography

Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The compa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 22:16
End of Day Share Price2021/05/14 00:00
Earnings2021/03/31
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.