Hawaiian Electric Industries Inc.
Find Ratings ReportsHAWAIIAN ELECTRIC INDS's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has increased by 6.36% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 961.35 | 1019.11 |
EBITDA ($mil) | 163.21 | 168.86 |
EBIT ($mil) | 85.86 | 93.01 |
Net Income ($mil) | 49.26 | 57.82 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 694.57 | 204.93 |
Total Assets ($mil) | 17243.82 | 16284.24 |
Total Debt ($mil) | 4035.37 | 3427.98 |
Equity ($mil) | 2379.13 | 2236.79 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 16.98 | 16.57 |
EBITDA Margin | 16.97 | 16.56 |
Operating Margin | 8.93 | 9.13 |
Sales Turnover | 0.21 | 0.23 |
Return on Assets | 1.16 | 1.49 |
Return on Equity | 8.37 | 10.78 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.63 | 0.61 |
Interest Expense | 32.63 | 27.46 |
Interest Coverage | 2.63 | 3.39 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 110.15 | 109.47 |
Div / share | 0.0 | 0.35 |
EPS | 0.44 | 0.52 |
Book value / share | 21.6 | 20.43 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2494741.0 | 2691757.0 |
HOLD. HAWAIIAN ELECTRIC INDS's P/E ratio indicates a significant discount compared to an average of 18.74 for the Utilities subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 0.51 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.98. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, HAWAIIAN ELECTRIC INDS proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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HE 6.09 | Peers 18.74 | HE 2.20 | Peers 8.50 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. HE 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. HE 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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HE 4.99 | Peers 14.78 | HE 0.38 | Peers 1.44 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. HE 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. HE trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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HE 0.51 | Peers 1.98 | HE -17.73 | Peers 132.20 | |||||||||||||||||||||
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. HE is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, HE is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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HE 0.33 | Peers 2.49 | HE -1.60 | Peers 1.95 | |||||||||||||||||||||
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. HE is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. HE significantly trails its peers on the basis of sales growth. |
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