NYSE:HE

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Hawaiian Electric Industries

Executive Summary

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii.


Snowflake Analysis

Established dividend payer with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0.6%

HE

0.7%

US Electric Utilities

2.5%

US Market


1 Year Return

-17.9%

HE

-2.3%

US Electric Utilities

16.3%

US Market

Return vs Industry: HE underperformed the US Electric Utilities industry which returned -2.3% over the past year.

Return vs Market: HE underperformed the US Market which returned 16.3% over the past year.


Shareholder returns

HEIndustryMarket
7 Day0.6%0.7%2.5%
30 Day-0.6%6.0%5.3%
90 Day-1.6%7.9%16.3%
1 Year-15.5%-17.9%0.7%-2.3%18.8%16.3%
3 Year20.7%9.3%5.9%-2.6%45.0%35.7%
5 Year40.5%17.3%37.5%17.6%75.8%56.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

18.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HE ($36.22) is trading above our estimate of fair value ($28.55)

Significantly Below Fair Value: HE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HE is good value based on its PE Ratio (18.6x) compared to the US Electric Utilities industry average (19.9x).

PE vs Market: HE is good value based on its PE Ratio (18.6x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: HE is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: HE is good value based on its PB Ratio (1.7x) compared to the US Electric Utilities industry average (2x).


Next Steps

Future Growth

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

3.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HE's forecast earnings growth (3.7% per year) is above the savings rate (2.2%).

Earnings vs Market: HE's earnings (3.7% per year) are forecast to grow slower than the US market (23.1% per year).

High Growth Earnings: HE's earnings are forecast to grow, but not significantly.

Revenue vs Market: HE's revenue (3.5% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: HE's revenue (3.5% 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 (8.8%).


Next Steps

Past Performance

How has Hawaiian Electric Industries performed over the past 5 years?

3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HE has high quality earnings.

Growing Profit Margin: HE's current net profit margins (7.6%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: HE's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: HE's earnings growth over the past year (4.1%) exceeds its 5-year average (3.7% per year).

Earnings vs Industry: HE earnings growth over the past year (4.1%) underperformed the Electric Utilities industry 7.1%.


Return on Equity

High ROE: HE's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Hawaiian Electric Industries's financial position?


Financial Position Analysis

Short Term Liabilities: HE's short term assets ($6.3B) exceed its short term liabilities ($423.0M).

Long Term Liabilities: HE's short term assets ($6.3B) do not cover its long term liabilities ($11.7B).


Debt to Equity History and Analysis

Debt Level: HE's debt to equity ratio (100%) is considered high.

Reducing Debt: HE's debt to equity ratio has reduced from 100.7% to 100% over the past 5 years.

Debt Coverage: HE's debt is well covered by operating cash flow (24.8%).

Interest Coverage: HE's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

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

3.64%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: HE's dividend (3.64%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: HE's dividend (3.64%) is low compared to the top 25% of dividend payers in the US market (4.35%).


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 (66.9%), 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 (69.9% payout ratio).


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Connie Lau (67 yo)

14.25yrs

Tenure

US$4,902,901

Compensation

Ms. Constance Hee Lau, also known as Connie, serves as President and Chief Executive Officer of Hawaiian Electric Industries, Inc. in May 2006. She served as the Chairman of Hawaiian Electric Company, Inc. ...


CEO Compensation Analysis

Compensation vs Market: Connie's total compensation ($USD4.90M) is about average for companies of similar size in the US market ($USD5.74M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Constance Lau
President14.25yrsUS$4.90m0.57%
$ 22.6m
Gregory Hazelton
Executive VP & CFO3.33yrsUS$1.75m0.036%
$ 1.4m
Richard Wacker
President9.75yrsUS$1.97m0.072%
$ 2.9m
Kurt Murao
Executive VPno datano data0.017%
$ 686.9k
Julie Smolinski
Director of Investor Relationsno datano datano data
Tayne S. Sekimura
Senior VP & CFO of Hawaiian Electric Company Inc.15.83yrsUS$1.03m0.052%
$ 2.1m
Paul Ito
VP of Tax2.58yrsno data0.0054%
$ 215.5k
Scott Valentino
President of Pacific Current2.58yrsno datano data
Scott W. Seu
President0.50yrno data0.015%
$ 608.2k
Clifford Chen
Manager of Investor Relations & Strategic Planningno datano datano data
Richard McQuain
Presidentno datano datano data
Diane Plotts
Business Advisor20.58yrsUS$44.17kno data

6.5yrs

Average Tenure

56.5yo

Average Age

Experienced Management: HE's management team is seasoned and experienced (6.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Constance Lau
President14.25yrsUS$4.90m0.57%
$ 22.6m
Richard Wacker
President9.75yrsUS$1.97m0.072%
$ 2.9m
Scott W. Seu
President0.50yrno data0.015%
$ 608.2k
Keith Russell
Independent Director9.25yrsUS$212.50k0.026%
$ 1.0m
Richard Dahl
Independent Director3.58yrsUS$194.13k0.013%
$ 519.6k
Mary Powell
Independent Director1.25yrsUS$148.83k0.0047%
$ 185.5k
William Scilacci
Independent Director1.25yrsUS$157.87k0.0047%
$ 186.3k
Peggy Fowler
Independent Director9.25yrsUS$209.73k0.039%
$ 1.5m
Thomas Fargo
Non-Executive Independent Chairperson0.25yrUS$211.00k0.027%
$ 1.1m
Eva Zlotnicka
Independent Director0.50yrno data0.0030%
$ 117.4k
Micah Kane
Independent Director1yrUS$116.28k0.011%
$ 428.3k
Celeste Connors
Independent Director1.25yrsUS$148.83k0.0046%
$ 183.5k

1.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: HE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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 company bio, 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
  • Market Cap: US$3.955b
  • Shares outstanding: 109.18m
  • Website: https://www.hei.com

Number of Employees


Location

  • Hawaiian Electric Industries, Inc.
  • 1001 Bishop Street
  • Suite 2900
  • Honolulu
  • Hawaii
  • 96813
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HENYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
HWIDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company’s Electric Utility segment is involved in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 00:12
End of Day Share Price2020/08/07 00:00
Earnings2020/06/30
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.