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Also traded in: Germany

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 : 4/10

vs
industry
vs
history
Cash to Debt 0.70
NYSE:HE's Cash to Debt is ranked higher than
73% of the 622 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.23 vs. NYSE:HE: 0.70 )
Ranked among companies with meaningful Cash to Debt only.
NYSE:HE' s Cash to Debt Range Over the Past 10 Years
Min: 0  Med: 0.23 Max: 0.7
Current: 0.7
0
0.7
Equity to Asset 0.17
NYSE:HE's Equity to Asset is ranked lower than
86% of the 632 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.35 vs. NYSE:HE: 0.17 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:HE' s Equity to Asset Range Over the Past 10 Years
Min: 0.1  Med: 0.13 Max: 0.35
Current: 0.17
0.1
0.35
Interest Coverage 2.00
NYSE:HE's Interest Coverage is ranked lower than
80% of the 594 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 5.18 vs. NYSE:HE: 2.00 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:HE' s Interest Coverage Range Over the Past 10 Years
Min: 2  Med: 3.34 Max: 4.36
Current: 2
2
4.36
F-Score: 7
Z-Score: 0.61
WACC vs ROIC
4.19%
8.22%
WACC
ROIC
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 : 6/10

vs
industry
vs
history
Operating margin (%) 14.37
NYSE:HE's Operating margin (%) is ranked higher than
53% of the 636 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 12.90 vs. NYSE:HE: 14.37 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:HE' s Operating margin (%) Range Over the Past 10 Years
Min: 6.34  Med: 9.27 Max: 14.37
Current: 14.37
6.34
14.37
Net-margin (%) 10.38
NYSE:HE's Net-margin (%) is ranked higher than
62% of the 636 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.31 vs. NYSE:HE: 10.38 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:HE' s Net-margin (%) Range Over the Past 10 Years
Min: 2.8  Med: 4.33 Max: 10.38
Current: 10.38
2.8
10.38
ROE (%) 12.52
NYSE:HE's ROE (%) is ranked higher than
70% of the 633 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.55 vs. NYSE:HE: 12.52 )
Ranked among companies with meaningful ROE (%) only.
NYSE:HE' s ROE (%) Range Over the Past 10 Years
Min: 5.86  Med: 8.73 Max: 12.52
Current: 12.52
5.86
12.52
ROA (%) 2.09
NYSE:HE's ROA (%) is ranked lower than
62% of the 648 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.93 vs. NYSE:HE: 2.09 )
Ranked among companies with meaningful ROA (%) only.
NYSE:HE' s ROA (%) Range Over the Past 10 Years
Min: 0.84  Med: 1.35 Max: 2.09
Current: 2.09
0.84
2.09
ROC (Joel Greenblatt) (%) 8.01
NYSE:HE's ROC (Joel Greenblatt) (%) is ranked lower than
60% of the 643 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 10.00 vs. NYSE:HE: 8.01 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NYSE:HE' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 5.54  Med: 8.35 Max: 10.49
Current: 8.01
5.54
10.49
Revenue Growth (3Y)(%) -11.10
NYSE:HE's Revenue Growth (3Y)(%) is ranked lower than
85% of the 567 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.70 vs. NYSE:HE: -11.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NYSE:HE' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -11.1  Med: 3.3 Max: 12.3
Current: -11.1
-11.1
12.3
EBITDA Growth (3Y)(%) 2.00
NYSE:HE's EBITDA Growth (3Y)(%) is ranked lower than
60% of the 529 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.30 vs. NYSE:HE: 2.00 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NYSE:HE' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -6.3  Med: 0.7 Max: 7.1
Current: 2
-6.3
7.1
EPS Growth (3Y)(%) 1.80
NYSE:HE's EPS Growth (3Y)(%) is ranked lower than
54% of the 468 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.70 vs. NYSE:HE: 1.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NYSE:HE' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -12  Med: 2.5 Max: 16
Current: 1.8
-12
16
GuruFocus has detected 5 Warning Signs with Hawaiian Electric Industries Inc $NYSE:HE.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:HE's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2015

HE Guru Trades in Q4 2015

Jim Simons 852,600 sh (+4.92%)
Jeremy Grantham Sold Out
Paul Tudor Jones 8,712 sh (-20.35%)
Mario Gabelli 64,915 sh (-21.30%)
» More
Q1 2016

HE Guru Trades in Q1 2016

Paul Tudor Jones 8,923 sh (+2.42%)
Jim Simons 871,400 sh (+2.21%)
Mario Gabelli 49,057 sh (-24.43%)
» More
Q2 2016

HE Guru Trades in Q2 2016

Paul Tudor Jones 25,223 sh (+182.67%)
Mario Gabelli 40,357 sh (-17.73%)
Jim Simons 708,900 sh (-18.65%)
» More
Q3 2016

HE Guru Trades in Q3 2016

Jim Simons 620,600 sh (-12.46%)
Paul Tudor Jones 21,823 sh (-13.48%)
Mario Gabelli 28,979 sh (-28.19%)
» More
» Details

Insider Trades

Latest Guru Trades with HE

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

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Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric    NAICS: 221111    SIC: 6331
Compare:NYSE:EOCA, OTCPK:EQUEY, NYSE:POR, OTCPK:CTPZY, NYSE:IDA, NYSE:PAM, OTCPK:SFDPF, NYSE:ALE, NYSE:NYLD.A, OTCPK:EDRWY, NYSE:PNM, NYSE:ENIC, NAS:ABY, OTCPK:GCPEF, NYSE:EE, OTCPK:CPXWF, NYSE:EOCC, NYSE:EDE, NYSE:EDN, NYSE:GXP » details
Traded in other countries:HWI.Germany,
Hawaiian Electric Industries Inc, through its subsidiaries is engaged in electric utility and banking businesses operating in the State of Hawaii.

Hawaiian Electric Industries Inc was incorporated in on October 13, 1891. The Company through its subsidiaries is engaged in electric utility and banking businesses operating in the State of Hawaii. Its segments are Electric utility and Bank. In Electric utility segment, the Company and its wholly-owned operating subsidiaries, Hawaii Electric Light and Maui Electric, are public electric utilities in the business of generating, purchasing, transmitting, distributing and selling electric energy on all islands in Hawaii other than Kauai, and are regulated by the PUC. In Banking segment, ASB is a federally chartered savings bank providing a full range of banking services to individual and business customers through its branch system in Hawaii. The Company's three strategic objectives, currently, are to operate the electric utility and bank subsidiaries for long-term growth, maintain the annual dividend and increase the Company's financial flexibility by strengthening the balance sheet and maintaining credit ratings. The Company has supported state and federal energy policies which encourage the development of alternate energy sources that reduce the use of fuel oil. Its alternate energy sources range from wind, geothermal and hydroelectric power, to energy produced by the burning of bagasse, municipal waste and coal. The capital projects of the electric utilities may face various approval and permitting processes, including obtaining PUC approval of the project, air permits from the DOH and/or the U.S. Environmental Protection Agency, land use permits from the Hawaii Board of Land and Natural Resources and land use entitlements from the applicable county. HEI and HECO were exempt from the comprehensive regulation of the SEC under the Public Utility Holding Company Act of 1935.

Ratios

vs
industry
vs
history
P/E(ttm) 14.62
HE's P/E(ttm) is ranked higher than
58% of the 530 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 16.68 vs. HE: 14.62 )
Ranked among companies with meaningful P/E(ttm) only.
HE' s P/E(ttm) Range Over the Past 10 Years
Min: 12.53  Med: 19.57 Max: 31.93
Current: 14.62
12.53
31.93
Forward P/E 18.90
HE's Forward P/E is ranked lower than
65% of the 136 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.39 vs. HE: 18.90 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 14.62
HE's PE(NRI) is ranked higher than
58% of the 534 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.01 vs. HE: 14.62 )
Ranked among companies with meaningful PE(NRI) only.
HE' s PE(NRI) Range Over the Past 10 Years
Min: 12.53  Med: 19.57 Max: 31.93
Current: 14.62
12.53
31.93
Price/Owner Earnings (ttm) 16.99
HE's Price/Owner Earnings (ttm) is ranked higher than
52% of the 294 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.82 vs. HE: 16.99 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
HE' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 13.5  Med: 35.24 Max: 556.45
Current: 16.99
13.5
556.45
P/B 1.74
HE's P/B is ranked lower than
54% of the 627 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.60 vs. HE: 1.74 )
Ranked among companies with meaningful P/B only.
HE' s P/B Range Over the Past 10 Years
Min: 0.81  Med: 1.6 Max: 2.14
Current: 1.74
0.81
2.14
P/S 1.50
HE's P/S is ranked higher than
53% of the 619 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.61 vs. HE: 1.50 )
Ranked among companies with meaningful P/S only.
HE' s P/S Range Over the Past 10 Years
Min: 0.35  Med: 0.8 Max: 1.52
Current: 1.5
0.35
1.52
PFCF 18.22
HE's PFCF is ranked lower than
59% of the 246 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.70 vs. HE: 18.22 )
Ranked among companies with meaningful PFCF only.
HE' s PFCF Range Over the Past 10 Years
Min: 13.14  Med: 48.28 Max: 226.19
Current: 18.22
13.14
226.19
POCF 6.58
HE's POCF is ranked higher than
54% of the 395 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.06 vs. HE: 6.58 )
Ranked among companies with meaningful POCF only.
HE' s POCF Range Over the Past 10 Years
Min: 3.09  Med: 8.13 Max: 19.62
Current: 6.58
3.09
19.62
EV-to-EBIT 11.66
HE's EV-to-EBIT is ranked higher than
65% of the 560 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 15.00 vs. HE: 11.66 )
Ranked among companies with meaningful EV-to-EBIT only.
HE' s EV-to-EBIT Range Over the Past 10 Years
Min: 9  Med: 11.9 Max: 17.5
Current: 11.66
9
17.5
EV-to-EBITDA 7.41
HE's EV-to-EBITDA is ranked higher than
70% of the 579 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 10.50 vs. HE: 7.41 )
Ranked among companies with meaningful EV-to-EBITDA only.
HE' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.6  Med: 7.5 Max: 10.4
Current: 7.41
5.6
10.4
PEG 7.68
HE's PEG is ranked lower than
81% of the 272 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.74 vs. HE: 7.68 )
Ranked among companies with meaningful PEG only.
HE' s PEG Range Over the Past 10 Years
Min: 3.13  Med: 8.4 Max: 73.42
Current: 7.68
3.13
73.42
Shiller P/E 22.55
HE's Shiller P/E is ranked higher than
56% of the 201 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 23.88 vs. HE: 22.55 )
Ranked among companies with meaningful Shiller P/E only.
HE' s Shiller P/E Range Over the Past 10 Years
Min: 8.59  Med: 17.29 Max: 24.39
Current: 22.55
8.59
24.39
Current Ratio 1.08
HE's Current Ratio is ranked higher than
51% of the 641 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.07 vs. HE: 1.08 )
Ranked among companies with meaningful Current Ratio only.
HE' s Current Ratio Range Over the Past 10 Years
Min: 0.79  Med: 1.06 Max: 24.79
Current: 1.08
0.79
24.79
Quick Ratio 1.08
HE's Quick Ratio is ranked higher than
57% of the 641 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.98 vs. HE: 1.08 )
Ranked among companies with meaningful Quick Ratio only.
HE' s Quick Ratio Range Over the Past 10 Years
Min: 0.61  Med: 1.06 Max: 24.79
Current: 1.08
0.61
24.79
Days Sales Outstanding 38.23
HE's Days Sales Outstanding is ranked higher than
63% of the 446 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 47.52 vs. HE: 38.23 )
Ranked among companies with meaningful Days Sales Outstanding only.
HE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.04  Med: 37.5 Max: 42.37
Current: 38.23
34.04
42.37
Days Payable 23.96
HE's Days Payable is ranked lower than
84% of the 403 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 69.05 vs. HE: 23.96 )
Ranked among companies with meaningful Days Payable only.
HE' s Days Payable Range Over the Past 10 Years
Min: 22.17  Med: 26.63 Max: 37.37
Current: 23.96
22.17
37.37

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.74
HE's Dividend Yield is ranked higher than
55% of the 1041 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.30 vs. HE: 3.74 )
Ranked among companies with meaningful Dividend Yield only.
HE' s Dividend Yield Range Over the Past 10 Years
Min: 3.62  Med: 4.82 Max: 9.96
Current: 3.74
3.62
9.96
Dividend Payout 0.55
HE's Dividend Payout is ranked higher than
79% of the 573 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.54 vs. HE: 0.55 )
Ranked among companies with meaningful Dividend Payout only.
HE' s Dividend Payout Range Over the Past 10 Years
Min: 0.55  Med: 0.9 Max: 1.36
Current: 0.55
0.55
1.36
Forward Dividend Yield 3.74
HE's Forward Dividend Yield is ranked higher than
55% of the 1036 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.40 vs. HE: 3.74 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.74
HE's Yield on cost (5-Year) is ranked lower than
59% of the 1042 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.06 vs. HE: 3.74 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
HE' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 3.62  Med: 4.82 Max: 9.96
Current: 3.74
3.62
9.96
3-Year Average Share Buyback Ratio -3.10
HE's 3-Year Average Share Buyback Ratio is ranked lower than
53% of the 308 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -2.60 vs. HE: -3.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
HE' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -4.8  Med: -3 Max: -1.1
Current: -3.1
-4.8
-1.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.81
HE's Price/Tangible Book is ranked higher than
53% of the 571 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.92 vs. HE: 1.81 )
Ranked among companies with meaningful Price/Tangible Book only.
HE' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.95  Med: 1.69 Max: 2.3
Current: 1.81
0.95
2.3
Price/Projected FCF 1.98
HE's Price/Projected FCF is ranked lower than
64% of the 284 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.40 vs. HE: 1.98 )
Ranked among companies with meaningful Price/Projected FCF only.
HE' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.99  Med: 1.58 Max: 5.98
Current: 1.98
0.99
5.98
Price/Median PS Value 1.87
HE's Price/Median PS Value is ranked lower than
85% of the 532 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.12 vs. HE: 1.87 )
Ranked among companies with meaningful Price/Median PS Value only.
HE' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.48  Med: 1.09 Max: 1.87
Current: 1.87
0.48
1.87
Price/Graham Number 1.09
HE's Price/Graham Number is ranked higher than
62% of the 464 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.28 vs. HE: 1.09 )
Ranked among companies with meaningful Price/Graham Number only.
HE' s Price/Graham Number Range Over the Past 10 Years
Min: 0.75  Med: 1.12 Max: 1.62
Current: 1.09
0.75
1.62
Earnings Yield (Greenblatt) (%) 8.60
HE's Earnings Yield (Greenblatt) (%) is ranked higher than
70% of the 636 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.10 vs. HE: 8.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
HE' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 5.7  Med: 8.4 Max: 11.1
Current: 8.6
5.7
11.1
Forward Rate of Return (Yacktman) (%) 1.14
HE's Forward Rate of Return (Yacktman) (%) is ranked lower than
58% of the 390 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.84 vs. HE: 1.14 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
HE' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -12.5  Med: -1.6 Max: 4.7
Current: 1.14
-12.5
4.7

More Statistics

Revenue (TTM) (Mil) $2,387
EPS (TTM) $ 2.27
Beta0.36
Short Percentage of Float3.01%
52-Week Range $27.53 - 34.98
Shares Outstanding (Mil)108.52

Analyst Estimate

Dec16 Dec17 Dec18 Dec19
Revenue (Mil $) 2,804 2,942 2,856 2,946
EPS ($) 1.75 1.76 1.90 2.00
EPS w/o NRI ($) 1.75 1.76 1.90 2.00
EPS Growth Rate
(3Y to 5Y Estimate)
1.60%
Dividends Per Share ($) 1.24 1.24

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