Hawaiian Electric Industries
Market Cap
US$3.8b
Last Updated
2021/02/27 00:33 UTC
Data Sources
Company Financials +
Executive Summary
Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. More Details
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer with adequate balance sheet.
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 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.
Market Performance
7 Day Return
-0.2%
HE
-4.8%
US Electric Utilities
-4.6%
US Market
1 Year Return
-18.4%
HE
-7.4%
US Electric Utilities
38.5%
US Market
Return vs Industry: HE underperformed the US Electric Utilities industry which returned -7.4% over the past year.
Return vs Market: HE underperformed the US Market which returned 38.5% over the past year.
Shareholder returns
| HE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | -4.8% | -4.6% |
| 30 Day | 3.0% | -5.9% | 0.6% |
| 90 Day | -4.3% | -7.3% | 1.9% |
| 1 Year | -15.4%-18.4% | -4.3%-7.4% | 41.5%38.5% |
| 3 Year | 17.1%5.9% | 20.5%10.4% | 56.7%46.7% |
| 5 Year | 36.1%14.1% | 26.7%8.8% | 123.5%98.6% |
Long-Term 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
1 week ago | Simply Wall St
Only Four Days Left To Cash In On Hawaiian Electric Industries' (NYSE:HE) Dividend2 weeks ago | Simply Wall St
Estimating The Fair Value Of Hawaiian Electric Industries, Inc. (NYSE:HE)3 weeks ago | Simply Wall St
Are Insiders Selling Hawaiian Electric Industries, Inc. (NYSE:HE) Stock?Valuation
Is Hawaiian Electric Industries undervalued compared to its fair value and its price relative to the market?
19.29x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HE ($34.96) is trading above our estimate of fair value ($33.68)
Significantly Below Fair Value: HE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HE's PE Ratio (19.3x) is in line with the US Electric Utilities industry average.
PE vs Market: HE is good value based on its PE Ratio (19.3x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: HE is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: HE's PB Ratio (1.6x) is in line with the US Electric Utilities industry average.
Next Steps
Future Growth
How is Hawaiian Electric Industries forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HE's forecast earnings growth (8.1% per year) is above the savings rate (2%).
Earnings vs Market: HE's earnings (8.1% per year) are forecast to grow slower than the US market (20.3% per year).
High Growth Earnings: HE's earnings are forecast to grow, but not significantly.
Revenue vs Market: HE's revenue (9.8% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: HE's revenue (9.8% 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 (9.8%).
Next Steps
Past Performance
How has Hawaiian Electric Industries performed over the past 5 years?
1.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HE has high quality earnings.
Growing Profit Margin: HE's current net profit margins (7.7%) are higher than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: HE's earnings have grown by 1.3% per year over the past 5 years.
Accelerating Growth: HE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HE had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the Electric Utilities industry average (-7.7%).
Return on Equity
High ROE: HE's Return on Equity (8.4%) 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 ($5.9B) exceed its short term liabilities ($482.5M).
Long Term Liabilities: HE's short term assets ($5.9B) 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 102.4% to 100% over the past 5 years.
Debt Coverage: HE's debt is well covered by operating cash flow (20.5%).
Interest Coverage: HE's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Hawaiian Electric Industries's current dividend yield, its reliability and sustainability?
3.89%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HE's dividend (3.89%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: HE's dividend (3.89%) is in the top 25% of dividend payers in the US market (3.76%)
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 (72.8%), 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 (65.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Connie Lau (67 yo)
14.75yrs
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 ($USD4.96M).
Compensation vs Earnings: Connie's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.75yrs | US$4.90m | 0.55% $ 21.0m | |
| Executive VP & CFO | 3.83yrs | US$1.75m | 0.024% $ 922.2k | |
| President | 10.25yrs | US$1.97m | 0.074% $ 2.8m | |
| Executive VP | no data | no data | 0.021% $ 795.9k | |
| Vice President of Investor Relations & Corporate Sustainability | no data | no data | no data | |
| Senior VP & CFO of Hawaiian Electric Company Inc. | 16.33yrs | US$1.03m | 0.052% $ 2.0m | |
| VP of Tax | 3.08yrs | no data | 0.0085% $ 324.1k | |
| President of Pacific Current | 3.08yrs | no data | no data | |
| President | 1yr | no data | 0.023% $ 863.3k | |
| Manager of Investor Relations & Strategic Planning | no data | no data | no data | |
| President | no data | no data | no data | |
| Business Advisor | 21.08yrs | US$44.17k | no data |
7.0yrs
Average Tenure
56.5yo
Average Age
Experienced Management: HE's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 14.75yrs | US$4.90m | 0.55% $ 21.0m | |
| President | 10.25yrs | US$1.97m | 0.074% $ 2.8m | |
| President | 1yr | no data | 0.023% $ 863.3k | |
| Independent Director | 9.75yrs | US$212.50k | 0.026% $ 984.2k | |
| Independent Director | 4.08yrs | US$194.13k | 0.013% $ 501.3k | |
| Independent Director | 1.75yrs | US$148.83k | 0.0047% $ 179.1k | |
| Independent Director | 1.75yrs | US$157.87k | 0.0047% $ 179.5k | |
| Independent Director | 9.75yrs | US$209.73k | 0.039% $ 1.5m | |
| Non-Executive Independent Chairperson | 0.75yr | US$211.00k | 0.027% $ 1.0m | |
| Independent Director | 1yr | no data | 0.0030% $ 113.3k | |
| Independent Director | 1.5yrs | US$116.28k | 0.011% $ 413.3k | |
| Independent Director | 1.75yrs | US$148.83k | 0.0046% $ 177.2k |
1.8yrs
Average Tenure
62.5yo
Average Age
Experienced Board: HE's board of directors are not considered experienced ( 1.8 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: 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 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$3.827b
- Shares outstanding: 109.46m
- Website: https://www.hei.com
Number of Employees
Location
- Hawaiian Electric Industries, Inc.
- 1001 Bishop Street
- Suite 2900
- Honolulu
- Hawaii
- 96813
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| HWI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 00:33 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| 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.