NasdaqGS:HAYN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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 second-rate 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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HAYN's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

1.4%

HAYN

-4.3%

US Metals and Mining

-3.4%

US Market


1 Year Return

14.4%

HAYN

66.8%

US Metals and Mining

29.4%

US Market

Return vs Industry: HAYN underperformed the US Metals and Mining industry which returned 66.8% over the past year.

Return vs Market: HAYN underperformed the US Market which returned 29.4% over the past year.


Shareholder returns

HAYNIndustryMarket
7 Day1.4%-4.3%-3.4%
30 Day29.1%8.9%0.6%
90 Day30.6%16.9%6.3%
1 Year18.8%14.4%71.1%66.8%32.2%29.4%
3 Year-23.9%-30.5%32.6%23.5%51.3%41.7%
5 Year0.8%-12.3%148.4%125.5%119.6%95.2%

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?

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HAYN ($29.98) is trading above our estimate of fair value ($9.46)

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 (1.3x) compared to the US Metals and Mining industry average (2.2x).


Next Steps

Future Growth

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

120.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAYN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HAYN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HAYN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HAYN's revenue (16% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: HAYN's revenue (16% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HAYN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Haynes International performed over the past 5 years?

-11.2%

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 11.2% 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 (-3.1%).


Return on Equity

High ROE: HAYN has a negative Return on Equity (-5.97%), as it is currently unprofitable.


Next Steps

Financial Health

How is Haynes International's financial position?


Financial Position Analysis

Short Term Liabilities: HAYN's short term assets ($346.1M) exceed its short term liabilities ($38.4M).

Long Term Liabilities: HAYN's short term assets ($346.1M) exceed its long term liabilities ($218.1M).


Debt to Equity History and Analysis

Debt Level: HAYN is debt free.

Reducing Debt: HAYN has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.

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


Next Steps

Dividend

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

2.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HAYN's dividend (2.94%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: HAYN's dividend (2.94%) is low compared to the top 25% of dividend payers in the US market (3.69%).


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: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

8.9yrs

Average management tenure


CEO

Michael Shor (60 yo)

2.83yrs

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 ($USD2.04M) is above average for companies of similar size in the US market ($USD1.48M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Shor
President2.83yrsUS$2.04m0.57%
$ 2.1m
Daniel Maudlin
VP of Finance8.25yrsUS$755.66k0.19%
$ 702.9k
Venkat Ishwar
Vice President of Marketing & Technology11.17yrsUS$733.94k0.15%
$ 570.6k
Marlin Losch
Vice President of Sales & Distribution11.17yrsUS$699.92k0.21%
$ 774.9k
David Strobel
Vice President of Manufacturingno dataUS$643.25k0.12%
$ 459.4k
David Van Bibber
Controller & Chief Accounting Officer8.25yrsno data0.097%
$ 362.5k
Gregory Tipton
VP & Chief Information Officer2.17yrsno data0.061%
$ 229.7k
Janice Gunst
VP, General Counsel & Corporate Secretary9.58yrsno data0.12%
$ 438.2k
Jean Neel
Vice President of Corporate Affairs20.92yrsno data0.16%
$ 606.8k

8.9yrs

Average Tenure

59yo

Average Age

Experienced Management: HAYN's management team is seasoned and experienced (8.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Shor
President2.83yrsUS$2.04m0.57%
$ 2.1m
Robert Getz
Independent Chairman of the Board2.5yrsUS$228.41k0.24%
$ 905.6k
Donald Campion
Independent Director16.58yrsUS$192.60k0.22%
$ 817.3k
Dawne Hickton
Independent Director3.67yrsUS$188.05k0.12%
$ 449.9k
Larry Spencer
Independent Director1.17yrsUS$130.01k0.058%
$ 216.5k

3.7yrs

Average Tenure

62yo

Average Age

Experienced Board: HAYN's board of directors are considered experienced (3.7 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$375.001m
  • Shares outstanding: 12.51m
  • 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 Analysis2021/03/03 23:42
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
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.