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$41.14|
|52 Week High||US$31.83|
|52 Week Low||US$45.97|
|1 Month Change||-5.79%|
|3 Month Change||-3.27%|
|1 Year Change||24.07%|
|3 Year Change||15.59%|
|5 Year Change||37.82%|
|Change since IPO||106.35%|
Recent News & Updates
Estimating The Intrinsic Value Of Hawaiian Electric Industries, Inc. (NYSE:HE)
How far off is Hawaiian Electric Industries, Inc. ( NYSE:HE ) from its intrinsic value? Using the most recent financial...
If You Like EPS Growth Then Check Out Hawaiian Electric Industries (NYSE:HE) Before It's Too Late
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Hawaiian Electric Industries: Strong Second Quarter And More Tailwinds
Hawaiian Electric Industries reported strong second quarter earnings. The company's bank division should benefit from rising interest rates in the future. Hawaiian Electric Industries should also benefit from increased tourism.
Hawaiian Electric Industries (NYSE:HE) Takes On Some Risk With Its Use Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|HE||US Electric Utilities||US Market|
Return vs Industry: HE exceeded the US Electric Utilities industry which returned 13.3% over the past year.
Return vs Market: HE underperformed the US Market which returned 35.3% over the past year.
Stable Share Price: HE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: HE's weekly volatility (2%) has been stable over the past year.
About the Company
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|
Is HE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HE income statement (TTM)|
|Cost of Revenue||US$1.97b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||2.23|
|Net Profit Margin||9.31%|
How did HE perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is Hawaiian Electric Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HE ($41.14) is trading above our estimate of fair value ($38.83)
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 (18.4x) compared to the US Electric Utilities industry average (21.5x).
PE vs Market: HE is poor value based on its PE Ratio (18.4x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: HE is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: HE's PB Ratio (1.9x) is in line with the US Electric Utilities industry average.
How is Hawaiian Electric Industries forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HE's forecast earnings growth (5.6% per year) is above the savings rate (2%).
Earnings vs Market: HE's earnings (5.6% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: HE's earnings are forecast to grow, but not significantly.
Revenue vs Market: HE's revenue (5.4% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: HE's revenue (5.4% 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 (9.9%).
How has Hawaiian Electric Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HE has high quality earnings.
Growing Profit Margin: HE's current net profit margins (9.3%) are higher than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: HE's earnings have grown by 0.6% per year over the past 5 years.
Accelerating Growth: HE's earnings growth over the past year (15%) exceeds its 5-year average (0.6% per year).
Earnings vs Industry: HE earnings growth over the past year (15%) exceeded the Electric Utilities industry 1.6%.
Return on Equity
High ROE: HE's Return on Equity (10.1%) is considered low.
How is Hawaiian Electric Industries's financial position?
Financial Position Analysis
Short Term Liabilities: HE's short term assets ($5.8B) exceed its short term liabilities ($420.8M).
Long Term Liabilities: HE's short term assets ($5.8B) do not cover its long term liabilities ($12.8B).
Debt to Equity History and Analysis
Debt Level: HE's debt to equity ratio (103.4%) is considered high.
Reducing Debt: HE's debt to equity ratio has increased from 98.2% to 103.4% over the past 5 years.
Debt Coverage: HE's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: HE's interest payments on its debt are well covered by EBIT (4.1x coverage).
What is Hawaiian Electric Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HE's dividend (3.31%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: HE's dividend (3.31%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: HE's dividends per share have been stable in the past 10 years.
Growing Dividend: HE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60%), HE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HE's dividends in 3 years are forecast to be covered by earnings (64.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Connie Lau (68 yo)
Ms. Constance Hee Lau, also known as Connie, has been President and Chief Executive Officer of Hawaiian Electric Industries, Inc. in May 2006. She served as the Chairman of Hawaiian Electric Company, Inc....
CEO Compensation Analysis
Compensation vs Market: Connie's total compensation ($USD5.11M) is about average for companies of similar size in the US market ($USD5.28M).
Compensation vs Earnings: Connie's compensation has been consistent with company performance over the past year.
Experienced Management: HE's management team is considered experienced (4.4 years average tenure).
Experienced Board: HE's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Hawaiian Electric Industries, Inc.'s employee growth, exchange listings and data sources
- Name: Hawaiian Electric Industries, Inc.
- Ticker: HE
- Exchange: NYSE
- Founded: 1891
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: US$4.497b
- Shares outstanding: 109.31m
- Website: https://www.hei.com
Number of Employees
- Hawaiian Electric Industries, Inc.
- 1001 Bishop Street
- Suite 2900
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/26 22:10|
|End of Day Share Price||2021/09/24 00:00|
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.