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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.17
HDNG's Cash to Debt is ranked higher than
62% of the 1945 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.41 vs. HDNG: 1.17 )
HDNG' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 1.17

Equity to Asset 0.63
HDNG's Equity to Asset is ranked higher than
77% of the 1946 Companies
in the Global Tools & Accessories industry.

( Industry Median: 0.51 vs. HDNG: 0.63 )
HDNG' s 10-Year Equity to Asset Range
Min: 0.46   Max: 0.82
Current: 0.63

0.46
0.82
Interest Coverage 6.20
HDNG's Interest Coverage is ranked lower than
55% of the 1226 Companies
in the Global Tools & Accessories industry.

( Industry Median: 29.14 vs. HDNG: 6.20 )
HDNG' s 10-Year Interest Coverage Range
Min: 1.3   Max: 48.96
Current: 6.2

1.3
48.96
F-Score: 5
Z-Score: 2.60
M-Score: -2.61
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 2.12
HDNG's Operating margin (%) is ranked higher than
52% of the 1950 Companies
in the Global Tools & Accessories industry.

( Industry Median: 6.11 vs. HDNG: 2.12 )
HDNG' s 10-Year Operating margin (%) Range
Min: -13.85   Max: 13.57
Current: 2.12

-13.85
13.57
Net-margin (%) 3.01
HDNG's Net-margin (%) is ranked higher than
60% of the 1950 Companies
in the Global Tools & Accessories industry.

( Industry Median: 4.37 vs. HDNG: 3.01 )
HDNG' s 10-Year Net-margin (%) Range
Min: -15.56   Max: 7.85
Current: 3.01

-15.56
7.85
ROE (%) 4.88
HDNG's ROE (%) is ranked higher than
61% of the 1934 Companies
in the Global Tools & Accessories industry.

( Industry Median: 7.14 vs. HDNG: 4.88 )
HDNG' s 10-Year ROE (%) Range
Min: -20.62   Max: 11.73
Current: 4.88

-20.62
11.73
ROA (%) 2.89
HDNG's ROA (%) is ranked higher than
64% of the 1954 Companies
in the Global Tools & Accessories industry.

( Industry Median: 3.42 vs. HDNG: 2.89 )
HDNG' s 10-Year ROA (%) Range
Min: -13.75   Max: 7.91
Current: 2.89

-13.75
7.91
ROC (Joel Greenblatt) (%) 3.79
HDNG's ROC (Joel Greenblatt) (%) is ranked higher than
52% of the 1949 Companies
in the Global Tools & Accessories industry.

( Industry Median: 13.49 vs. HDNG: 3.79 )
HDNG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -17.89   Max: 16.8
Current: 3.79

-17.89
16.8
Revenue Growth (%) 7.10
HDNG's Revenue Growth (%) is ranked higher than
77% of the 1721 Companies
in the Global Tools & Accessories industry.

( Industry Median: 3.70 vs. HDNG: 7.10 )
HDNG' s 10-Year Revenue Growth (%) Range
Min: -20.2   Max: 20.3
Current: 7.1

-20.2
20.3
EBITDA Growth (%) 53.10
HDNG's EBITDA Growth (%) is ranked higher than
97% of the 1495 Companies
in the Global Tools & Accessories industry.

( Industry Median: 3.30 vs. HDNG: 53.10 )
HDNG' s 10-Year EBITDA Growth (%) Range
Min: -50.5   Max: 53.1
Current: 53.1

-50.5
53.1
» HDNG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

HDNG Guru Trades in Q3 2013

Chuck Royce 916,597 sh (+2.36%)
Jim Simons Sold Out
John Rogers 612,265 sh (-7.66%)
Michael Price 297,500 sh (-17.36%)
» More
Q4 2013

HDNG Guru Trades in Q4 2013

Jim Simons 31,062 sh (New)
John Rogers 746,465 sh (+21.92%)
Chuck Royce 990,982 sh (+8.12%)
Michael Price 295,000 sh (-0.84%)
» More
Q1 2014

HDNG Guru Trades in Q1 2014

Chuck Royce 1,046,087 sh (+5.56%)
Jim Simons 32,230 sh (+3.76%)
Michael Price 295,000 sh (unchged)
John Rogers 741,210 sh (-0.7%)
» More
Q2 2014

HDNG Guru Trades in Q2 2014

Jim Simons 111,112 sh (+244.75%)
Chuck Royce 1,127,187 sh (+7.75%)
Michael Price 295,000 sh (unchged)
John Rogers 741,135 sh (-0.01%)
» More
» Details

Insider Trades

Latest Guru Trades with HDNG

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Michael Price 2013-09-30 Reduce -17.36%0.12%$14 - $16.6 $ 11.36-26%297500
Michael Price 2011-12-31 Add 545.59%0.35%$7.5 - $9.98 $ 11.3631%322793
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 16.30
HDNG's P/E(ttm) is ranked higher than
78% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 23.20 vs. HDNG: 16.30 )
HDNG' s 10-Year P/E(ttm) Range
Min: 6.28   Max: 125.23
Current: 16.3

6.28
125.23
P/B 0.70
HDNG's P/B is ranked higher than
87% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.80 vs. HDNG: 0.70 )
HDNG' s 10-Year P/B Range
Min: 0.18   Max: 2.04
Current: 0.7

0.18
2.04
P/S 0.40
HDNG's P/S is ranked higher than
84% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.04 vs. HDNG: 0.40 )
HDNG' s 10-Year P/S Range
Min: 0.1   Max: 1.05
Current: 0.4

0.1
1.05
PFCF 6.60
HDNG's PFCF is ranked higher than
94% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 47.28 vs. HDNG: 6.60 )
HDNG' s 10-Year PFCF Range
Min: 1.75   Max: 373.67
Current: 6.6

1.75
373.67
EV-to-EBIT 26.51
HDNG's EV-to-EBIT is ranked higher than
62% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 17.47 vs. HDNG: 26.51 )
HDNG' s 10-Year EV-to-EBIT Range
Min: 5.1   Max: 32.2
Current: 26.51

5.1
32.2
Current Ratio 2.98
HDNG's Current Ratio is ranked higher than
84% of the 1323 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.80 vs. HDNG: 2.98 )
HDNG' s 10-Year Current Ratio Range
Min: 1.68   Max: 6.4
Current: 2.98

1.68
6.4
Quick Ratio 1.31
HDNG's Quick Ratio is ranked higher than
67% of the 1323 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.27 vs. HDNG: 1.31 )
HDNG' s 10-Year Quick Ratio Range
Min: 0.76   Max: 3.04
Current: 1.31

0.76
3.04

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.70
HDNG's Dividend Yield is ranked lower than
80% of the 1512 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.54 vs. HDNG: 0.70 )
HDNG' s 10-Year Dividend Yield Range
Min: 0.15   Max: 5.1
Current: 0.7

0.15
5.1
Dividend Payout 0.33
HDNG's Dividend Payout is ranked higher than
73% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 0.61 vs. HDNG: 0.33 )
HDNG' s 10-Year Dividend Payout Range
Min: 0.02   Max: 6
Current: 0.33

0.02
6
Dividend growth (3y) 58.70
HDNG's Dividend growth (3y) is ranked higher than
98% of the 994 Companies
in the Global Tools & Accessories industry.

( Industry Median: 5.60 vs. HDNG: 58.70 )
HDNG' s 10-Year Dividend growth (3y) Range
Min: -67.1   Max: 91.3
Current: 58.7

-67.1
91.3
Yield on cost (5-Year) 4.49
HDNG's Yield on cost (5-Year) is ranked higher than
86% of the 1543 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.82 vs. HDNG: 4.49 )
HDNG' s 10-Year Yield on cost (5-Year) Range
Min: 0.96   Max: 32.69
Current: 4.49

0.96
32.69
Share Buyback Rate -1.40
HDNG's Share Buyback Rate is ranked higher than
64% of the 1247 Companies
in the Global Tools & Accessories industry.

( Industry Median: -0.40 vs. HDNG: -1.40 )
HDNG' s 10-Year Share Buyback Rate Range
Min: 2.7   Max: -8.9
Current: -1.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.90
HDNG's Price/Tangible Book is ranked higher than
82% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 2.20 vs. HDNG: 0.90 )
HDNG' s 10-Year Price/Tangible Book Range
Min: 0.22   Max: 2.08
Current: 0.9

0.22
2.08
Price/DCF (Projected) 0.60
HDNG's Price/DCF (Projected) is ranked higher than
96% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 9999.00 vs. HDNG: 0.60 )
HDNG' s 10-Year Price/DCF (Projected) Range
Min: 0.23   Max: 1.87
Current: 0.6

0.23
1.87
Price/Median PS Value 0.90
HDNG's Price/Median PS Value is ranked higher than
82% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.10 vs. HDNG: 0.90 )
HDNG' s 10-Year Price/Median PS Value Range
Min: 0.23   Max: 2.14
Current: 0.9

0.23
2.14
Price/Graham Number 1.40
HDNG's Price/Graham Number is ranked higher than
68% of the 2036 Companies
in the Global Tools & Accessories industry.

( Industry Median: 2.20 vs. HDNG: 1.40 )
HDNG' s 10-Year Price/Graham Number Range
Min: 0.49   Max: 2.39
Current: 1.4

0.49
2.39
Earnings Yield (Greenblatt) 3.70
HDNG's Earnings Yield (Greenblatt) is ranked lower than
51% of the 1838 Companies
in the Global Tools & Accessories industry.

( Industry Median: 6.70 vs. HDNG: 3.70 )
HDNG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.1   Max: 19.6
Current: 3.7

3.1
19.6
Forward Rate of Return (Yacktman) 5.04
HDNG's Forward Rate of Return (Yacktman) is ranked higher than
73% of the 1415 Companies
in the Global Tools & Accessories industry.

( Industry Median: 4.87 vs. HDNG: 5.04 )
HDNG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.5   Max: 23.6
Current: 5.04

0.5
23.6

Business Description

Industry: Industrial Products » Tools & Accessories
Compare:SWK, SKFRY, SNA, MRC, MKTAY » details
Hardringe, Inc., is incorporated in New York. The Company is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metal-cutting machines. The Company supplies precision computer controlled metal-cutting turning machines, grinding machines, vertical machining centers, and accessories related to those machines. The Company has been a manufacturer of industrial-use high precision and general precision turning machine tools since 1890. Turning machines, or lathes, are power-driven machines used to remove material from either bar stock or a rough-formed part by moving multiple cutting tools against the surface of a part rotating at very high speeds in a spindle mechanism. The Company's Kellenberger precision grinding technology is complemented by its Hauser and Tschudin grinding brands. Hauser machines are jig grinders used to make demanding contour components, primarily for tool and mold-making applications. Tschudin product technology is focused on the specialized grinding of cylindrical parts when the customer requires high volume production. The Company's Tschudin machines are generally equipped with automatic loading and unloading mechanisms for the part being machined. The Company's machines are generally computer controlled and use commands from an integrated computer to control the movement of cutting tools, grinding wheels, part positioning, and in the case of turning and grinding machines, the rotation speeds of the part being shaped. The computer control enables the operator to program operations such as part rotation, tooling selection, and tooling movement for a specific part and then stores that program in memory for future use. The Company offers various warranties on its equipment and considers post-sale support to be a critical element of its business. Services provided include operation and maintenance training, in-field maintenance, and in-field repair. The Company offers these post-sales support services on a paid basis throughout the life of the machine. In territories covered by distributors, this support and service is offered through the distributor. The Company sells its products in most of the industrialized countries of the world through a combination of distributors, agents and manufacturers' representatives. In certain areas of the United States, China, Germany, and the United Kingdom, it has also used a direct sales force. The Company's operations are subject to extensive federal, state, local and foreign laws and regulations relating to environmental matters.
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