H&E Equipment Services Inc.
Find Ratings ReportsH&E EQUIPMENT SERVICES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago.
At the same time, stockholders' equity ("net worth") has greatly increased by 33.22% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 385.81 | 353.12 |
EBITDA ($mil) | 179.76 | 153.91 |
EBIT ($mil) | 80.02 | 65.13 |
Net Income ($mil) | 53.52 | 51.15 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 8.5 | 81.33 |
Total Assets ($mil) | 2639.89 | 2291.7 |
Total Debt ($mil) | 1614.0 | 1412.49 |
Equity ($mil) | 534.29 | 401.04 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 74.15 | 70.27 |
EBITDA Margin | 46.59 | 43.58 |
Operating Margin | 20.74 | 18.45 |
Sales Turnover | 0.56 | 0.54 |
Return on Assets | 6.41 | 5.76 |
Return on Equity | 31.69 | 33.34 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.75 | 0.78 |
Interest Expense | 16.35 | 13.54 |
Interest Coverage | 4.89 | 4.81 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 36.45 | 36.31 |
Div / share | 0.28 | 0.28 |
EPS | 1.47 | 1.41 |
Book value / share | 14.66 | 11.05 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 196754.0 | 213808.0 |
BUY. H&E EQUIPMENT SERVICES INC's P/E ratio indicates a significant discount compared to an average of 24.06 for the Merchant Wholesalers, Durable Goods subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 3.84 indicates a discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.83. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, H&E EQUIPMENT SERVICES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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HEES 12.06 | Peers 24.06 | HEES 5.06 | Peers 17.73 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. HEES is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. HEES is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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HEES 9.39 | Peers 24.12 | HEES 0.95 | Peers 3.31 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. HEES is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. HEES trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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HEES 3.84 | Peers 6.83 | HEES 27.24 | Peers -19.81 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. HEES is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. HEES is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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HEES 1.40 | Peers 1.87 | HEES 18.05 | Peers -0.87 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. HEES is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. HEES has a sales growth rate that significantly exceeds its peers. |
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