NasdaqGS:HAYN

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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

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

HAYNIndustryMarket
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

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

NamePositionTenureCompensationOwnership
Michael Shor
President2.42yrsUS$2.42m0.45%
$ 904.8k
Daniel Maudlin
VP of Finance7.83yrsUS$921.53k0.15%
$ 309.5k
David Strobel
Vice President of Operations2yrsUS$655.61k0.098%
$ 199.1k
Venkat Ishwar
Vice President of Marketing & Technology10.75yrsUS$912.98k0.13%
$ 256.9k
Marlin Losch
Vice President of Sales & Distribution10.75yrsUS$863.88k0.18%
$ 368.4k
David Van Bibber
Controller & Chief Accounting Officer7.83yrsno data0.080%
$ 162.7k
Gregory Tipton
VP & Chief Information Officer1.75yrsno data0.045%
$ 91.8k
Janice Gunst
VP, General Counsel & Corporate Secretary9.17yrsno data0.098%
$ 197.2k
Jean Neel
Vice President of Corporate Affairs20.42yrsno data0.14%
$ 287.2k
Scott Pinkham
Vice President of Tube & Wire Products16.58yrsUS$601.73k0.17%
$ 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

NamePositionTenureCompensationOwnership
Michael Shor
President2.42yrsUS$2.42m0.45%
$ 904.8k
Robert Getz
Independent Chairman of the Board2yrsUS$204.48k0.20%
$ 400.1k
Donald Campion
Independent Director16.17yrsUS$200.73k0.18%
$ 366.7k
Dawne Hickton
Independent Director3.25yrsUS$193.80k0.083%
$ 168.1k
Larry Spencer
Independent Director0.75yrno data0.021%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HAYNNasdaqGS (Nasdaq Global Select)YesCommon Stock Par Value 0.001USUSDSep 2004
HYVNDB (Deutsche Boerse AG)YesCommon Stock Par Value 0.001DEEURSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 00:39
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.