Financials Hawaiian Electric Industries, Inc.

Equities

HE

US4198701009

Electric Utilities

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
9.88 USD -5.90% Intraday chart for Hawaiian Electric Industries, Inc. -9.44% -30.37%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,106 3,874 4,536 4,581 1,563 1,088 - -
Enterprise Value (EV) 1 7,175 5,870 4,536 4,581 1,563 1,088 1,088 1,088
P/E ratio 23.5 x 19.6 x 18.4 x 19 x 7.84 x 4.8 x 4.61 x 4.47 x
Yield 2.73% 3.73% 3.28% 3.35% 7.61% 7.49% 7.79% 8.1%
Capitalization / Revenue 1.78 x 1.5 x 1.59 x 1.22 x 0.42 x 0.29 x 0.29 x 0.28 x
EV / Revenue 1.78 x 1.5 x 1.59 x 1.22 x 0.42 x 0.29 x 0.29 x 0.28 x
EV / EBITDA 8.15 x 6.45 x 6.82 x 6.78 x 2.36 x 1.67 x 1.59 x 1.52 x
EV / FCF -175 x 85.1 x -5.64 x 41.5 x - 14.3 x 18.8 x 12.4 x
FCF Yield -0.57% 1.17% -17.7% 2.41% - 6.98% 5.33% 8.09%
Price to Book 2.24 x 1.65 x - - - - - -
Nbr of stocks (in thousands) 108,973 109,457 109,311 109,470 110,124 110,152 - -
Reference price 2 46.86 35.39 41.50 41.85 14.19 9.880 9.880 9.880
Announcement Date 2/13/20 2/16/21 2/14/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,875 2,580 2,850 3,742 3,682 3,692 3,795 3,891
EBITDA 1 626.8 600.4 664.8 675.9 663.4 650.2 684 718
EBIT 1 348.7 309.6 386.1 381.1 352.6 392.6 414.6 436.5
Operating Margin 12.13% 12% 13.54% 10.18% 9.58% 10.64% 10.92% 11.22%
Earnings before Tax (EBT) 1 271.4 240.6 310.9 304.2 245.7 282 298 315
Net income 1 217.9 197.8 246.2 241.1 199.2 231 244.5 257
Net margin 7.58% 7.67% 8.64% 6.44% 5.41% 6.26% 6.44% 6.6%
EPS 2 1.990 1.810 2.250 2.200 1.810 2.057 2.143 2.210
Free Cash Flow 1 -29.24 45.51 -803.9 110.4 - 76 58 88
FCF margin -1.02% 1.76% -28.2% 2.95% - 2.06% 1.53% 2.26%
FCF Conversion (EBITDA) - 7.58% - 16.34% - 11.69% 8.48% 12.26%
FCF Conversion (Net income) - 23.01% - 45.8% - 32.9% 23.72% 34.24%
Dividend per Share 2 1.280 1.320 1.360 1.400 1.080 0.7400 0.7700 0.8000
Announcement Date 2/13/20 2/16/21 2/14/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 756.9 770.3 785.1 895.6 1,042 1,019 928.2 895.7 901.9 961.4 - - - -
EBITDA - - - - - - - - - - - - - -
EBIT 97.32 88.86 99.28 86.67 102.1 93.01 93.52 92.98 102.7 95.98 - - - -
Operating Margin 12.86% 11.54% 12.65% 9.68% 9.8% 9.13% 10.07% 10.38% 11.39% 9.98% - - - -
Earnings before Tax (EBT) 78.15 - - - - 70.59 - 69.37 - - - - - -
Net income 63.42 54.52 69.17 52.54 62.08 57.35 54.72 54.61 - - - - - -
Net margin 8.38% 7.08% 8.81% 5.87% 5.96% 5.63% 5.9% 6.1% - - - - - -
EPS 1 0.5800 0.5000 0.6300 0.4800 0.5700 0.5200 0.5000 0.5000 0.3700 0.4400 0.5400 0.5400 0.6000 0.5200
Dividend per Share 0.3400 - - - - - - - - - - - - -
Announcement Date 11/5/21 2/14/22 5/9/22 8/8/22 11/7/22 2/14/23 5/9/23 8/7/23 11/9/23 2/13/24 - - - -
1USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 2,068 1,997 - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 3.3 x 3.326 x - - - - - -
Free Cash Flow 1 -29.2 45.5 -804 110 - 76 58 88
ROE (net income / shareholders' equity) 9.8% 8.6% 10.4% 10.5% 8.76% 8.95% 8.85% 8.6%
ROA (Net income/ Total Assets) 1.62% 1.37% 1.6% 1.5% 1.19% 1.3% 1.3% 1.4%
Assets 1 13,425 14,482 15,413 16,053 16,764 17,769 18,808 18,357
Book Value Per Share 20.90 21.40 - - - - - -
Cash Flow per Share 2 4.700 3.930 4.580 4.140 5.010 4.350 4.490 4.590
Capex 1 458 384 315 344 448 407 462 442
Capex / Sales 15.92% 14.88% 11.03% 9.19% 12.17% 11.01% 12.16% 11.36%
Announcement Date 2/13/20 2/16/21 2/14/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
9.88 USD
Average target price
10.83 USD
Spread / Average Target
+9.65%
Consensus
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