Haynes International
Market Cap
US$202.2m
Last Updated
2020/10/31 00:39 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
Rewards
Risk Analysis
Dividend of 5.43% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Excellent balance sheet average dividend payer.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-6.7%
HAYN
-1.3%
US Metals and Mining
-5.3%
US Market
1 Year Return
-54.8%
HAYN
20.3%
US Metals and Mining
10.4%
US Market
Return vs Industry: HAYN underperformed the US Metals and Mining industry which returned 20.6% over the past year.
Return vs Market: HAYN underperformed the US Market which returned 12% over the past year.
Shareholder returns
| HAYN | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.7% | -1.3% | -5.3% |
| 30 Day | -6.5% | 6.2% | -2.1% |
| 90 Day | -11.7% | 6.6% | 1.7% |
| 1 Year | -53.2%-54.8% | 23.1%20.3% | 12.9%10.4% |
| 3 Year | -49.4%-53.5% | 16.2%8.4% | 34.3%25.4% |
| 5 Year | -55.4%-61.0% | 109.3%90.1% | 73.7%54.3% |
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
1 week ago | Simply Wall St
Haynes International, Inc.'s (NASDAQ:HAYN) Business Is Trailing The Market But Its Shares Aren't4 weeks ago | Simply Wall St
These 4 Measures Indicate That Haynes International (NASDAQ:HAYN) Is Using Debt Extensively1 month ago | Simply Wall St
Does Haynes International, Inc. (NASDAQ:HAYN) Have A Place In Your Dividend Portfolio?Valuation
Is Haynes International undervalued compared to its fair value and its price relative to the market?
38.66x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HAYN ($16.21) is trading above our estimate of fair value ($10.32)
Significantly Below Fair Value: HAYN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HAYN is poor value based on its PE Ratio (38.7x) compared to the US Metals and Mining industry average (20.3x).
PE vs Market: HAYN is poor value based on its PE Ratio (38.7x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: HAYN is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: HAYN is good value based on its PB Ratio (0.7x) compared to the US Metals and Mining industry average (1.6x).
Next Steps
Future Growth
How is Haynes International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
48.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAYN's forecast earnings growth (48.4% per year) is above the savings rate (2.2%).
Earnings vs Market: HAYN's earnings (48.4% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HAYN's revenue (3.8% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: HAYN's revenue (3.8% 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 (3.2%).
Next Steps
Past Performance
How has Haynes International performed over the past 5 years?
-23.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAYN has high quality earnings.
Growing Profit Margin: HAYN's current net profit margins (1.2%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: HAYN's earnings have declined by 23.6% per year over the past 5 years.
Accelerating Growth: HAYN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HAYN had negative earnings growth (-10.9%) over the past year, making it difficult to compare to the Metals and Mining industry average (-12.7%).
Return on Equity
High ROE: HAYN's Return on Equity (1.8%) is considered low.
Next Steps
Financial Health
How is Haynes International's financial position?
Financial Position Analysis
Short Term Liabilities: HAYN's short term assets ($390.5M) exceed its short term liabilities ($74.7M).
Long Term Liabilities: HAYN's short term assets ($390.5M) exceed its long term liabilities ($234.2M).
Debt to Equity History and Analysis
Debt Level: HAYN's debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: HAYN's debt to equity ratio has increased from 0.2% to 10.2% over the past 5 years.
Debt Coverage: HAYN's debt is well covered by operating cash flow (114.9%).
Interest Coverage: HAYN's interest payments on its debt are well covered by EBIT (8.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Haynes International current dividend yield, its reliability and sustainability?
5.43%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HAYN's dividend (5.43%) is higher than the bottom 25% of dividend payers in the US market (1.69%).
High Dividend: HAYN's dividend (5.43%) is in the top 25% of dividend payers in the US market (4.78%)
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: With its high payout ratio (209.9%), HAYN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HAYN's dividends in 3 years are not forecast to be well covered by earnings (244.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.5yrs
Average management tenure
CEO
Michael Shor (60 yo)
2.42yrs
Tenure
US$2,419,118
Compensation
Mr. Michael L. Shor has been Chief Executive Officer and President at Haynes International, Inc. since September 1, 2018. Mr. Shor served as Chairman of the Board at Haynes International, Inc. since Februa ...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD2.42M) is above average for companies of similar size in the US market ($USD1.36M).
Compensation vs Earnings: Michael's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.42yrs | US$2.42m | 0.45% $ 904.8k | |
| VP of Finance | 7.83yrs | US$921.53k | 0.15% $ 309.5k | |
| Vice President of Operations | 2yrs | US$655.61k | 0.098% $ 199.1k | |
| Vice President of Marketing & Technology | 10.75yrs | US$912.98k | 0.13% $ 256.9k | |
| Vice President of Sales & Distribution | 10.75yrs | US$863.88k | 0.18% $ 368.4k | |
| Controller & Chief Accounting Officer | 7.83yrs | no data | 0.080% $ 162.7k | |
| VP & Chief Information Officer | 1.75yrs | no data | 0.045% $ 91.8k | |
| VP, General Counsel & Corporate Secretary | 9.17yrs | no data | 0.098% $ 197.2k | |
| Vice President of Corporate Affairs | 20.42yrs | no data | 0.14% $ 287.2k | |
| Vice President of Tube & Wire Products | 16.58yrs | US$601.73k | 0.17% $ 334.3k |
8.5yrs
Average Tenure
58.5yo
Average Age
Experienced Management: HAYN's management team is seasoned and experienced (8.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.42yrs | US$2.42m | 0.45% $ 904.8k | |
| Independent Chairman of the Board | 2yrs | US$204.48k | 0.20% $ 400.1k | |
| Independent Director | 16.17yrs | US$200.73k | 0.18% $ 366.7k | |
| Independent Director | 3.25yrs | US$193.80k | 0.083% $ 168.1k | |
| Independent Director | 0.75yr | no data | 0.021% $ 41.9k |
3.3yrs
Average Tenure
62yo
Average Age
Experienced Board: HAYN's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HAYN 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$202.198m
- Shares outstanding: 12.47m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HAYN | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock Par Value 0.001 | US | USD | Sep 2004 |
| HYVN | DB (Deutsche Boerse AG) | Yes | Common Stock Par Value 0.001 | DE | EUR | Sep 2004 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/31 00:39 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/09/30 |
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.