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HA

Hawaiian Holdings NasdaqGS:HA Stock Report

Last Price

US$16.16

Market Cap

US$830.4m

7D

0.9%

1Y

-22.2%

Updated

10 Aug, 2022

Data

Company Financials +
HA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

HA Stock Overview

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo.

Rewards

Earnings are forecast to grow 117.03% per year

Risk Analysis

No risks detected for HA from our risk checks.

Hawaiian Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hawaiian Holdings
Historical stock prices
Current Share PriceUS$16.16
52 Week HighUS$24.27
52 Week LowUS$12.76
Beta1.91
1 Month Change14.37%
3 Month Change8.97%
1 Year Change-22.20%
3 Year Change-34.65%
5 Year Change-62.33%
Change since IPO330.93%

Recent News & Updates

Jul 28
Is Hawaiian Holdings, Inc. (NASDAQ:HA) Trading At A 20% Discount?

Is Hawaiian Holdings, Inc. (NASDAQ:HA) Trading At A 20% Discount?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Hawaiian Holdings...

Shareholder Returns

HAUS AirlinesUS Market
7D0.9%0.6%1.2%
1Y-22.2%-26.0%-11.6%

Return vs Industry: HA exceeded the US Airlines industry which returned -25.1% over the past year.

Return vs Market: HA underperformed the US Market which returned -13.5% over the past year.

Price Volatility

Is HA's price volatile compared to industry and market?
HA volatility
HA Average Weekly Movement8.3%
Airlines Industry Average Movement8.1%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: HA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: HA's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19296,932Peter Ingramhttps://www.hawaiianairlines.com

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. The company provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; and New York City, New York. It also offers scheduled service between the State of Hawai'i and Austin, Texas; Boston, Massachusetts; Orlando, Florida; and Pago Pago, American Samoa.

Hawaiian Holdings Fundamentals Summary

How do Hawaiian Holdings's earnings and revenue compare to its market cap?
HA fundamental statistics
Market CapUS$830.40m
Earnings (TTM)-US$237.49m
Revenue (TTM)US$2.17b

0.4x

P/S Ratio

-3.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HA income statement (TTM)
RevenueUS$2.17b
Cost of RevenueUS$2.40b
Gross Profit-US$232.09m
Other ExpensesUS$5.40m
Earnings-US$237.49m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-4.62
Gross Margin-10.68%
Net Profit Margin-10.93%
Debt/Equity Ratio438.1%

How did HA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is HA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HA?

Other financial metrics that can be useful for relative valuation.

HA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA-3.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HA's PS Ratio compare to its peers?

HA PS Ratio vs Peers
The above table shows the PS ratio for HA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
SKYW SkyWest
0.4x8.1%US$1.2b
UP Wheels Up Experience
0.5x13.8%US$622.9m
SNCY Sun Country Airlines Holdings
1.5x24.9%US$1.2b
BLDE Blade Air Mobility
3.5x25.0%US$480.0m
HA Hawaiian Holdings
0.4x15.5%US$830.4m

Price-To-Sales vs Peers: HA is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

How does HA's PE Ratio compare vs other companies in the US Airlines Industry?

Price-To-Sales vs Industry: HA is good value based on its Price-To-Sales Ratio (0.4x) compared to the US Airlines industry average (0.6x)


Price to Sales Ratio vs Fair Ratio

What is HA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: HA is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).


Share Price vs Fair Value

What is the Fair Price of HA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate HA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HA's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Hawaiian Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


117.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

High Growth Earnings: HA is expected to become profitable in the next 3 years.

Revenue vs Market: HA's revenue (15.5% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: HA's revenue (15.5% 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 HA's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Hawaiian Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-58.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HA is currently unprofitable.

Growing Profit Margin: HA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HA is unprofitable, and losses have increased over the past 5 years at a rate of 58.5% per year.

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

Earnings vs Industry: HA is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (7.5%).


Return on Equity

High ROE: HA has a negative Return on Equity (-63.24%), as it is currently unprofitable.


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Financial Health

How is Hawaiian Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HA's short term assets ($1.8B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: HA's short term assets ($1.8B) do not cover its long term liabilities ($2.7B).


Debt to Equity History and Analysis

Debt Level: HA's net debt to equity ratio (27.4%) is considered satisfactory.

Reducing Debt: HA's debt to equity ratio has increased from 66.9% to 438.1% over the past 5 years.

Debt Coverage: HA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if HA's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Hawaiian Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate HA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: HA is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HA has not reported any payouts.


Discover strong dividend paying companies

Management

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

7.6yrs

Average management tenure


CEO

Peter Ingram (56 yo)

4.42yrs

Tenure

US$3,091,653

Compensation

Mr. Peter R. Ingram has been President, Chief Executive Officer and Director of Hawaiian Holdings, Inc., and Hawaiian Airlines, Inc. since March 1, 2018. Mr. Ingram served as the Chief Commercial Officer o...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD3.09M) is about average for companies of similar size in the US market ($USD3.93M).

Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: HA's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: HA's board of directors are considered experienced (5.3 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

Hawaiian Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Hawaiian Holdings, Inc.
  • Ticker: HA
  • Exchange: NasdaqGS
  • Founded: 1929
  • Industry: Airlines
  • Sector: Transportation
  • Implied Market Cap: US$830.396m
  • Shares outstanding: 51.39m
  • Website: https://www.hawaiianairlines.com

Number of Employees


Location

  • Hawaiian Holdings, Inc.
  • 3375 Koapaka Street
  • Suite G-350
  • Honolulu
  • Hawaii
  • 96819
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.