| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
HE Stock Overview
Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii.
Hawaiian Electric Industries Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$41.90 |
| 52 Week High | US$45.97 |
| 52 Week Low | US$32.96 |
| Beta | 0.27 |
| 1 Month Change | 3.94% |
| 3 Month Change | 3.00% |
| 1 Year Change | 24.11% |
| 3 Year Change | 15.11% |
| 5 Year Change | 25.15% |
| Change since IPO | 110.16% |
Recent News & Updates
Hawaiian Electric: A Top-Notch Choice For Utility Investors
Hawaiian Electric is the dominant utility in the state of Hawaii, which was more affected than any other state by the coronavirus lockdowns. The company weathered through this crisis quite well and has returned to a state of growth. The company has one of the strongest balance sheets in the industry, which likely helped it ride through the pandemic. The company's free cash flow can easily support its 3%+ yield. The firm is positioned to grow EPS at a 7% rate and appears undervalued relative to other utilities.
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Shareholder Returns
| HE | US Electric Utilities | US Market | |
|---|---|---|---|
| 7D | -0.3% | -1.9% | -5.8% |
| 1Y | 24.1% | 5.8% | 4.2% |
Return vs Industry: HE exceeded the US Electric Utilities industry which returned 5.8% over the past year.
Return vs Market: HE exceeded the US Market which returned 4.2% over the past year.
Price Volatility
| HE volatility | |
|---|---|
| HE Average Weekly Movement | 3.0% |
| Electric Utilities Industry Average Movement | 2.6% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: HE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1891 | 3,702 | Scott W. Seu | https://www.hei.com |
Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai.
Hawaiian Electric Industries Fundamentals Summary
| HE fundamental statistics | |
|---|---|
| Market Cap | US$4.58b |
| Earnings (TTM) | US$242.13m |
| Revenue (TTM) | US$2.73b |
18.9x
P/E Ratio1.7x
P/S RatioIs HE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HE income statement (TTM) | |
|---|---|
| Revenue | US$2.73b |
| Cost of Revenue | US$2.08b |
| Gross Profit | US$652.72m |
| Expenses | US$410.59m |
| Earnings | US$242.13m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 14, 2022
| Earnings per share (EPS) | 2.22 |
| Gross Margin | 23.89% |
| Net Profit Margin | 8.86% |
| Debt/Equity Ratio | 102.0% |
How did HE perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield61%
Payout RatioValuation
Is Hawaiian Electric Industries undervalued compared to its fair value and its price relative to the market?
3.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HE ($41.9) is trading below our estimate of fair value ($43.26)
Significantly Below Fair Value: HE is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HE is good value based on its PE Ratio (18.9x) compared to the US Electric Utilities industry average (22.5x).
PE vs Market: HE is poor value based on its PE Ratio (18.9x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: HE is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: HE's PB Ratio (1.9x) is in line with the US Electric Utilities industry average.
Future Growth
How is Hawaiian Electric Industries forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
5.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HE's forecast earnings growth (5.1% per year) is above the savings rate (2%).
Earnings vs Market: HE's earnings (5.1% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: HE's earnings are forecast to grow, but not significantly.
Revenue vs Market: HE's revenue (4.5% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: HE's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HE's Return on Equity is forecast to be low in 3 years time (10.1%).
Past Performance
How has Hawaiian Electric Industries performed over the past 5 years?
0.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HE has high quality earnings.
Growing Profit Margin: HE's current net profit margins (8.9%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: HE's earnings have grown by 0.4% per year over the past 5 years.
Accelerating Growth: HE's earnings growth over the past year (13.4%) exceeds its 5-year average (0.4% per year).
Earnings vs Industry: HE earnings growth over the past year (13.4%) exceeded the Electric Utilities industry 3.7%.
Return on Equity
High ROE: HE's Return on Equity (10%) is considered low.
Financial Health
How is Hawaiian Electric Industries's financial position?
Financial Position Analysis
Short Term Liabilities: HE's short term assets ($5.7B) exceed its short term liabilities ($450.1M).
Long Term Liabilities: HE's short term assets ($5.7B) do not cover its long term liabilities ($12.9B).
Debt to Equity History and Analysis
Debt Level: HE's net debt to equity ratio (92.6%) is considered high.
Reducing Debt: HE's debt to equity ratio has increased from 87.7% to 102% over the past 5 years.
Debt Coverage: HE's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: HE's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Dividend
What is Hawaiian Electric Industries's current dividend yield, its reliability and sustainability?
3.25%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HE's dividend (3.25%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: HE's dividend (3.25%) is low compared to the top 25% of dividend payers in the US market (3.57%).
Stability and Growth of Payments
Stable Dividend: HE's dividends per share have been stable in the past 10 years.
Growing Dividend: HE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.9%), HE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HE's dividends in 3 years are forecast to be covered by earnings (62.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Scott W. Seu (55 yo)
no data
Tenure
US$2,465,166
Compensation
Mr. Scott W. H. Seu serves as President, Chief Executive Officer and Director at Hawaiian Electric Industries, Inc. since January 1, 2022. Mr. Seu served as President, Chief Executive Officer and Director...
CEO Compensation Analysis
Compensation vs Market: Scott W.'s total compensation ($USD2.47M) is below average for companies of similar size in the US market ($USD5.29M).
Compensation vs Earnings: Insufficient data to compare Scott W.'s compensation with company performance.
Leadership Team
Experienced Management: HE's management team is considered experienced (4.8 years average tenure).
Board Members
Experienced Board: HE'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: HE insiders have only sold shares 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 Electric Industries, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Hawaiian Electric Industries, Inc.
- Ticker: HE
- Exchange: NYSE
- Founded: 1891
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: US$4.580b
- Shares outstanding: 109.31m
- Website: https://www.hei.com
Number of Employees
Location
- Hawaiian Electric Industries, Inc.
- 1001 Bishop Street
- Suite 2900
- Honolulu
- Hawaii
- 96813
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/26 00:54 |
| End of Day Share Price | 2022/01/25 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.