HE Stock Overview
Hawaiian Electric Industries, Inc., together with 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$42.01|
|52 Week High||US$45.53|
|52 Week Low||US$37.94|
|1 Month Change||-1.85%|
|3 Month Change||-3.16%|
|1 Year Change||-0.94%|
|3 Year Change||-5.28%|
|5 Year Change||30.02%|
|Change since IPO||110.71%|
Recent News & Updates
Here's What To Make Of Hawaiian Electric Industries' (NYSE:HE) Decelerating Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Hawaiian Electric Industries' (NYSE:HE) Dividend Will Be US$0.35
Hawaiian Electric Industries, Inc. ( NYSE:HE ) will pay a dividend of US$0.35 on the 10th of June. This means that the...
|HE||US Electric Utilities||US Market|
Return vs Industry: HE underperformed the US Electric Utilities industry which returned 5.3% over the past year.
Return vs Market: HE exceeded the US Market which returned -21.7% over the past year.
|HE Average Weekly Movement||3.2%|
|Electric Utilities Industry Average Movement||3.3%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
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
|1891||3,623||Scott W. Seu||https://www.hei.com|
Hawaiian Electric Industries, Inc., together with 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$2.31b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.29|
|Net Profit Margin||8.39%|
How did HE perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is HE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HE?
Other financial metrics that can be useful for relative valuation.
|What is HE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HE's PE Ratio compare to its peers?
|HE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
POR Portland General Electric
PNM PNM Resources
HE Hawaiian Electric Industries
Price-To-Earnings vs Peers: HE is good value based on its Price-To-Earnings Ratio (18.3x) compared to the peer average (20.9x).
Price to Earnings Ratio vs Industry
How does HE's PE Ratio compare vs other companies in the US Electric Utilities Industry?
Price-To-Earnings vs Industry: HE is good value based on its Price-To-Earnings Ratio (18.3x) compared to the US Electric Utilities industry average (21.6x)
Price to Earnings Ratio vs Fair Ratio
What is HE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.3x|
|Fair PE Ratio||20x|
Price-To-Earnings vs Fair Ratio: HE is good value based on its Price-To-Earnings Ratio (18.3x) compared to the estimated Fair Price-To-Earnings Ratio (20x).
Share Price vs Fair Value
What is the Fair Price of HE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HE ($42.01) is trading below our estimate of fair value ($60.96)
Significantly Below Fair Value: HE is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: HE is poor value based on its PEG Ratio (3.7x)
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How is Hawaiian Electric Industries forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HE's forecast earnings growth (4.9% per year) is above the savings rate (1.9%).
Earnings vs Market: HE's earnings (4.9% per year) are forecast to grow slower than the US market (13.6% per year).
High Growth Earnings: HE's earnings are forecast to grow, but not significantly.
Revenue vs Market: HE's revenue (4.2% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: HE's revenue (4.2% 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%).
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How has Hawaiian Electric Industries performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HE has high quality earnings.
Growing Profit Margin: HE's current net profit margins (8.4%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: HE's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: HE's earnings growth over the past year (9.7%) exceeds its 5-year average (4.1% per year).
Earnings vs Industry: HE earnings growth over the past year (9.7%) exceeded the Electric Utilities industry 9.5%.
Return on Equity
High ROE: HE's Return on Equity (10.7%) is considered low.
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How is Hawaiian Electric Industries's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HE's short term assets ($5.9B) exceed its short term liabilities ($482.7M).
Long Term Liabilities: HE's short term assets ($5.9B) do not cover its long term liabilities ($13.1B).
Debt to Equity History and Analysis
Debt Level: HE's net debt to equity ratio (95.1%) is considered high.
Reducing Debt: HE's debt to equity ratio has increased from 86.7% to 108% over the past 5 years.
Debt Coverage: HE's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: HE's interest payments on its debt are well covered by EBIT (4x coverage).
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What is Hawaiian Electric Industries's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HE's dividend (3.33%) is higher than the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: HE's dividend (3.33%) is low compared to the top 25% of dividend payers in the US market (4.3%).
Stability and Growth of Payments
Stable Dividend: HE's dividends per share have been stable in the past 10 years.
Growing Dividend: HE's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (59.7%), HE's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (143.3%), HE's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Scott W. Seu (56 yo)
Mr. Scott W. H. Seu serves as President, Chief Executive Officer and Director at Hawaiian Electric Industries, Inc. since January 1, 2022. He is Chairman of the Board and Director at American Savings Bank,...
CEO Compensation Analysis
Compensation vs Market: Scott W.'s total compensation ($USD2.93M) is below average for companies of similar size in the US market ($USD6.90M).
Compensation vs Earnings: Scott W.'s compensation has been consistent with company performance over the past year.
Experienced Management: HE's management team is considered experienced (4.8 years average tenure).
Experienced Board: HE's board of directors are considered experienced (3.1 years average tenure).
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
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
- Implied Market Cap: US$4.597b
- Shares outstanding: 109.43m
- 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||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 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.