Haynes International
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
Rewards
Risk Analysis
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
| HAYN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | 0.2% | -1.7% |
| 30 Day | 8.4% | 9.4% | -1.5% |
| 90 Day | 26.9% | 24.2% | 0.4% |
| 1 Year | 50.7%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 Year | 41.2%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
4 days ago | Simply Wall St
Haynes International (NASDAQ:HAYN) Has Re-Affirmed Its Dividend Of US$0.222 weeks ago | Simply Wall St
If You Had Bought Haynes International's (NASDAQ:HAYN) Shares Three Years Ago You Would Be Down 31%3 months ago | Simply Wall St
Haynes International, Inc. (NASDAQ:HAYN) Just Reported And Analysts Have Been Lifting Their Price TargetsValuation
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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/16 22:16 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/09/30 |
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.