NasdaqGS:HA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Hawaiian Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-19.7%

HA

-9.5%

US Airlines

-4.6%

US Market


1 Year Return

-54.0%

HA

-47.0%

US Airlines

11.5%

US Market

Return vs Industry: HA underperformed the US Airlines industry which returned -47% over the past year.

Return vs Market: HA underperformed the US Market which returned 11.5% over the past year.


Shareholder returns

HAIndustryMarket
7 Day-19.7%-9.5%-4.6%
30 Day2.4%-2.6%-0.9%
90 Day10.8%12.6%2.2%
1 Year-53.6%-54.0%-46.7%-47.0%14.0%11.5%
3 Year-58.6%-60.1%-37.3%-38.9%34.5%25.6%
5 Year-63.1%-64.4%-32.8%-35.3%73.0%53.6%

Price Volatility Vs. Market

How volatile is Hawaiian Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hawaiian Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HA ($13.17) is trading below our estimate of fair value ($69.61)

Significantly Below Fair Value: HA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HA is unprofitable, so we can't compare its PE Ratio to the XN Airlines industry average.

PE vs Market: HA 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 HA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HA's PB Ratio (0.7x) is in line with the US Airlines industry average.


Next Steps

Future Growth

How is Hawaiian Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

106.4%

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 (2.2%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: HA's revenue (33.3% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: HA's revenue (33.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HA's Return on Equity is forecast to be low in 3 years time (14.5%).


Next Steps

Past Performance

How has Hawaiian Holdings performed over the past 5 years?

-19.6%

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 19.6% 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 (-38.5%).


Return on Equity

High ROE: HA has a negative Return on Equity (-36.16%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hawaiian Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: HA's short term assets ($962.9M) do not cover its short term liabilities ($1.0B).

Long Term Liabilities: HA's short term assets ($962.9M) do not cover its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: HA's debt to equity ratio (103.3%) is considered high.

Reducing Debt: HA's debt to equity ratio has reduced from 286.9% to 103.3% over the past 5 years.

Debt Coverage: HA's debt is well covered by operating cash flow (20.8%).

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


Balance Sheet


Next Steps

Dividend

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

0.33%

Forecast Dividend Yield


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HA's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Transportation industry.

Management

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

5.8yrs

Average management tenure


CEO

Peter Ingram (54 yo)

2.58yrs

Tenure

US$3,196,153

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 ($USD3.20M) is about average for companies of similar size in the US market ($USD3.00M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Peter Ingram
President2.58yrsUS$3.20m0.52%
$ 3.1m
Shannon Okinaka
Executive VP5.75yrsUS$1.57m0.14%
$ 832.8k
Aaron Alter
Executive VP4.75yrsUS$1.49m0.053%
$ 321.1k
Theodoros Panagiotoulias
Senior VP of Global Sales & Alliances of Hawaiian Airlines Inc6.17yrsUS$898.89k0.050%
$ 305.9k
Jonathan Snook
Executive VP & COO of Hawaiian Airlines Inc5yrsUS$2.06m0.062%
$ 376.1k
Daniel Wong
Senior Director of Investor Relationsno datano datano data
Alanna James
Managing Director of Investor Relationsno datano datano data
Ann Botticelli
Senior Vice President of Corporate Communications & Public Affairs - Hawaiian Airlines9yrsno datano data
Avi Mannis
Senior Vice President of Marketing - Hawaiian Airlines6.25yrsno datano data

5.8yrs

Average Tenure

54yo

Average Age

Experienced Management: HA's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Ingram
President2.58yrsUS$3.20m0.52%
$ 3.1m
Donald Carty
Independent Director3.83yrsUS$163.56k0.054%
$ 326.6k
Earl Fry
Independent Director4.42yrsUS$176.25k0.024%
$ 144.4k
Lawrence Hershfield
Independent Chairman of the Board16.25yrsUS$227.80k0.76%
$ 4.6m
Randall Jenson
Independent Director16.25yrsUS$167.41k0.12%
$ 705.4k
Duane Woerth
Independent Director6.42yrsUS$148.78k0.036%
$ 218.6k
Crystal Rose
Independent Director14.33yrsUS$181.72k0.056%
$ 340.0k
William Swelbar
Independent Director14.92yrsUS$148.56k0.043%
$ 257.6k
Carla Hrdlicka
Director0.25yrno datano data
Michael McNamara
Director0.25yrno data0.015%
$ 88.6k
Richard Zwern
Independent Director9.17yrsUS$190.14k0.089%
$ 539.4k
Joseph Guerrieri
Independent Director4.42yrsUS$152.29k0.024%
$ 144.4k

5.4yrs

Average Tenure

62yo

Average Age

Experienced Board: HA's board of directors are considered experienced (5.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Hawaiian Holdings, Inc.
  • Ticker: HA
  • Exchange: NasdaqGS
  • Founded: 1929
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: US$605.783m
  • Shares outstanding: 46.00m
  • Website: https://www.hawaiianairlines.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HANasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 1995
1HWDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1995
0J3NLSE (London Stock Exchange)YesCommon StockGBUSDJun 1995

Biography

Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes betw ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 00:25
End of Day Share Price2020/10/28 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.