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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 0.52
HE's Cash to Debt is ranked higher than
67% of the 589 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.26 vs. HE: 0.52 )
Ranked among companies with meaningful Cash to Debt only.
HE' s 10-Year Cash to Debt Range
Min: 0  Med: 0.21 Max: 0.68
Current: 0.52
0
0.68
Equity to Asset 0.17
HE's Equity to Asset is ranked lower than
88% of the 577 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.35 vs. HE: 0.17 )
Ranked among companies with meaningful Equity to Asset only.
HE' s 10-Year Equity to Asset Range
Min: 0.1  Med: 0.13 Max: 0.35
Current: 0.17
0.1
0.35
Interest Coverage 4.31
HE's Interest Coverage is ranked lower than
51% of the 310 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.37 vs. HE: 4.31 )
Ranked among companies with meaningful Interest Coverage only.
HE' s 10-Year Interest Coverage Range
Min: 2.46  Med: 3.33 Max: 4.31
Current: 4.31
2.46
4.31
F-Score: 4
Z-Score: 0.58
WACC vs ROIC
4.74%
6.65%
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 (%) 10.30
HE's Operating margin (%) is ranked lower than
56% of the 603 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 12.18 vs. HE: 10.30 )
Ranked among companies with meaningful Operating margin (%) only.
HE' s 10-Year Operating margin (%) Range
Min: 6.34  Med: 12.91 Max: 16.14
Current: 10.3
6.34
16.14
Net-margin (%) 5.13
HE's Net-margin (%) is ranked lower than
60% of the 604 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.18 vs. HE: 5.13 )
Ranked among companies with meaningful Net-margin (%) only.
HE' s 10-Year Net-margin (%) Range
Min: 2.8  Med: 5.43 Max: 7.27
Current: 5.13
2.8
7.27
ROE (%) 8.08
HE's ROE (%) is ranked lower than
55% of the 600 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.84 vs. HE: 8.08 )
Ranked among companies with meaningful ROE (%) only.
HE' s 10-Year ROE (%) Range
Min: 5.86  Med: 9.54 Max: 11.76
Current: 8.08
5.86
11.76
ROA (%) 1.36
HE's ROA (%) is ranked lower than
72% of the 615 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.98 vs. HE: 1.36 )
Ranked among companies with meaningful ROA (%) only.
HE' s 10-Year ROA (%) Range
Min: 0.84  Med: 1.28 Max: 1.65
Current: 1.36
0.84
1.65
ROC (Joel Greenblatt) (%) 7.57
HE's ROC (Joel Greenblatt) (%) is ranked lower than
59% of the 611 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9.10 vs. HE: 7.57 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
HE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.24  Med: 8.67 Max: 20.69
Current: 7.57
5.24
20.69
Revenue Growth (3Y)(%) -2.40
HE's Revenue Growth (3Y)(%) is ranked lower than
76% of the 508 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.50 vs. HE: -2.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
HE' s 10-Year Revenue Growth (3Y)(%) Range
Min: -11  Med: 3.30 Max: 12.3
Current: -2.4
-11
12.3
EBITDA Growth (3Y)(%) 1.30
HE's EBITDA Growth (3Y)(%) is ranked lower than
53% of the 477 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.10 vs. HE: 1.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
HE' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -6.3  Med: 0.70 Max: 7.1
Current: 1.3
-6.3
7.1
EPS Growth (3Y)(%) 4.40
HE's EPS Growth (3Y)(%) is ranked higher than
53% of the 440 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.50 vs. HE: 4.40 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
HE' s 10-Year EPS Growth (3Y)(%) Range
Min: -12  Med: 3.50 Max: 16
Current: 4.4
-12
16
» HE's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

HE Guru Trades in Q3 2014

David Dreman 346,526 sh (+0.11%)
Jim Simons Sold Out
Mario Gabelli 29,400 sh (-6.96%)
Paul Tudor Jones 15,700 sh (-73.04%)
» More
Q4 2014

HE Guru Trades in Q4 2014

Jim Simons 69,600 sh (New)
Mario Gabelli 54,000 sh (+83.67%)
David Dreman Sold Out
Paul Tudor Jones 12,652 sh (-19.41%)
» More
Q1 2015

HE Guru Trades in Q1 2015

Jim Simons 235,700 sh (+238.65%)
Mario Gabelli 69,100 sh (+27.96%)
Paul Tudor Jones 12,258 sh (-3.11%)
» More
Q2 2015

HE Guru Trades in Q2 2015

Jeremy Grantham 1,578,095 sh (New)
Jim Simons 442,900 sh (+87.91%)
Mario Gabelli 78,300 sh (+13.31%)
Paul Tudor Jones Sold Out
» 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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Ratios

vs
industry
vs
history
P/E(ttm) 19.16
HE's P/E(ttm) is ranked lower than
65% of the 495 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 16.70 vs. HE: 19.16 )
Ranked among companies with meaningful P/E(ttm) only.
HE' s 10-Year P/E(ttm) Range
Min: 12.95  Med: 19.31 Max: 32.02
Current: 19.16
12.95
32.02
Forward P/E 14.97
HE's Forward P/E is ranked lower than
61% of the 250 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.43 vs. HE: 14.97 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 20.20
HE's PE(NRI) is ranked lower than
66% of the 494 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 16.70 vs. HE: 20.20 )
Ranked among companies with meaningful PE(NRI) only.
HE' s 10-Year PE(NRI) Range
Min: 12.96  Med: 19.28 Max: 31.93
Current: 20.2
12.96
31.93
P/B 1.52
HE's P/B is ranked lower than
55% of the 576 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.51 vs. HE: 1.52 )
Ranked among companies with meaningful P/B only.
HE' s 10-Year P/B Range
Min: 0.81  Med: 1.62 Max: 2.14
Current: 1.52
0.81
2.14
P/S 0.98
HE's P/S is ranked higher than
58% of the 595 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.34 vs. HE: 0.98 )
Ranked among companies with meaningful P/S only.
HE' s 10-Year P/S Range
Min: 0.35  Med: 0.80 Max: 1.24
Current: 0.98
0.35
1.24
PFCF 100.84
HE's PFCF is ranked lower than
90% of the 268 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 16.36 vs. HE: 100.84 )
Ranked among companies with meaningful PFCF only.
HE' s 10-Year PFCF Range
Min: 13.21  Med: 50.02 Max: 224.58
Current: 100.84
13.21
224.58
POCF 7.91
HE's POCF is ranked lower than
58% of the 472 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.24 vs. HE: 7.91 )
Ranked among companies with meaningful POCF only.
HE' s 10-Year POCF Range
Min: 3.11  Med: 8.86 Max: 19.61
Current: 7.91
3.11
19.61
EV-to-EBIT 12.35
HE's EV-to-EBIT is ranked higher than
58% of the 515 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.00 vs. HE: 12.35 )
Ranked among companies with meaningful EV-to-EBIT only.
HE' s 10-Year EV-to-EBIT Range
Min: 9.3  Med: 12.90 Max: 29.4
Current: 12.35
9.3
29.4
PEG 4.81
HE's PEG is ranked lower than
68% of the 244 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.38 vs. HE: 4.81 )
Ranked among companies with meaningful PEG only.
HE' s 10-Year PEG Range
Min: 3.24  Med: 6.54 Max: 59.86
Current: 4.81
3.24
59.86
Shiller P/E 18.51
HE's Shiller P/E is ranked lower than
54% of the 351 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 18.77 vs. HE: 18.51 )
Ranked among companies with meaningful Shiller P/E only.
HE' s 10-Year Shiller P/E Range
Min: 9.02  Med: 17.96 Max: 24.33
Current: 18.51
9.02
24.33
Current Ratio 1.04
HE's Current Ratio is ranked lower than
55% of the 596 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.10 vs. HE: 1.04 )
Ranked among companies with meaningful Current Ratio only.
HE' s 10-Year Current Ratio Range
Min: 0.79  Med: 1.06 Max: 24.79
Current: 1.04
0.79
24.79
Quick Ratio 1.04
HE's Quick Ratio is ranked higher than
54% of the 596 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.00 vs. HE: 1.04 )
Ranked among companies with meaningful Quick Ratio only.
HE' s 10-Year Quick Ratio Range
Min: 0.61  Med: 1.06 Max: 24.79
Current: 1.04
0.61
24.79
Days Sales Outstanding 33.66
HE's Days Sales Outstanding is ranked higher than
69% of the 476 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 44.97 vs. HE: 33.66 )
Ranked among companies with meaningful Days Sales Outstanding only.
HE' s 10-Year Days Sales Outstanding Range
Min: 26.99  Med: 39.01 Max: 1169.9
Current: 33.66
26.99
1169.9

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 4.55
HE's Dividend Yield is ranked higher than
58% of the 869 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.96 vs. HE: 4.55 )
Ranked among companies with meaningful Dividend Yield only.
HE' s 10-Year Dividend Yield Range
Min: 3.62  Med: 4.84 Max: 9.96
Current: 4.55
3.62
9.96
Dividend Payout 0.88
HE's Dividend Payout is ranked lower than
77% of the 549 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.54 vs. HE: 0.88 )
Ranked among companies with meaningful Dividend Payout only.
HE' s 10-Year Dividend Payout Range
Min: 0.59  Med: 0.91 Max: 5.17
Current: 0.88
0.59
5.17
Yield on cost (5-Year) 4.56
HE's Yield on cost (5-Year) is ranked lower than
52% of the 870 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.45 vs. HE: 4.56 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
HE' s 10-Year Yield on cost (5-Year) Range
Min: 3.62  Med: 4.84 Max: 9.96
Current: 4.56
3.62
9.96
Share Buyback Rate -2.40
HE's Share Buyback Rate is ranked lower than
52% of the 344 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -1.90 vs. HE: -2.40 )
Ranked among companies with meaningful Share Buyback Rate only.
HE' s 10-Year Share Buyback Rate Range
Min: -1.1  Med: -2.70 Max: -5.5
Current: -2.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.61
HE's Price/Tangible Book is ranked higher than
54% of the 525 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.85 vs. HE: 1.61 )
Ranked among companies with meaningful Price/Tangible Book only.
HE' s 10-Year Price/Tangible Book Range
Min: 0.95  Med: 1.68 Max: 2.3
Current: 1.61
0.95
2.3
Price/Projected FCF 2.03
HE's Price/Projected FCF is ranked lower than
68% of the 300 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.47 vs. HE: 2.03 )
Ranked among companies with meaningful Price/Projected FCF only.
HE' s 10-Year Price/Projected FCF Range
Min: 1.03  Med: 1.49 Max: 5.98
Current: 2.03
1.03
5.98
Price/Median PS Value 1.22
HE's Price/Median PS Value is ranked lower than
72% of the 542 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.01 vs. HE: 1.22 )
Ranked among companies with meaningful Price/Median PS Value only.
HE' s 10-Year Price/Median PS Value Range
Min: 0.49  Med: 1.07 Max: 1.51
Current: 1.22
0.49
1.51
Price/Graham Number 1.18
HE's Price/Graham Number is ranked lower than
55% of the 424 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.18 vs. HE: 1.18 )
Ranked among companies with meaningful Price/Graham Number only.
HE' s 10-Year Price/Graham Number Range
Min: 0.82  Med: 1.11 Max: 1.75
Current: 1.18
0.82
1.75
Earnings Yield (Greenblatt) (%) 8.15
HE's Earnings Yield (Greenblatt) (%) is ranked higher than
65% of the 604 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.40 vs. HE: 8.15 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
HE' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 3.4  Med: 7.70 Max: 10.7
Current: 8.15
3.4
10.7
Forward Rate of Return (Yacktman) (%) 2.03
HE's Forward Rate of Return (Yacktman) (%) is ranked lower than
55% of the 370 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.61 vs. HE: 2.03 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
HE' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -12.7  Med: -1.60 Max: 8.9
Current: 2.03
-12.7
8.9

Analyst Estimate

Dec15 Dec16 Dec17 Dec18
Revenue(Mil) 3,480 3,672 3,585 3,711
EPS($) 1.69 1.82 2.00 2.15
EPS without NRI($) 1.69 1.82 2.00 2.15

Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric
Compare:WR, EE, ENI, NGG, DTE » details
Traded in other countries:HWI.Germany,
Hawaiian Electric Industries Inc was incorporated in 1981 under the laws of the State of Hawaii and is a holding company with its principal subsidiaries engaged in the electric utility, banking and other businesses operating primarily in the State of Hawaii. HEI's predecessor, Hawaiian Electric Company, Inc., was incorporated under the laws of the Kingdom of Hawaii on October 13, 1891. As a result of a 1983 corporate reorganization, HECO became an HEI subsidiary. HECO and its operating subsidiaries, Maui Electric Company, Limited and Hawaii Electric Light Company, Inc., are regulated electric public utilities providing the only electric public utility service on the islands of Oahu, Maui, Lanai, Molokai and Hawaii. HECO, MECO and HELCO are regulated operating electric public utilities engaged in the production, purchase, transmission, distribution and sale of electricity on the islands of Oahu; Maui, Lanai and Molokai; and Hawaii, respectively. HECO has 138 kV transmission and 46 kV sub-transmission lines. HELCO has 69 kV transmission and 34.5 kV transmission and sub-transmission lines. MECO has 69 kV transmission and 23 kV sub-transmission lines on Maui and 34.5 kV transmission lines on Molokai. Lanai has no transmission lines and uses 12 kV lines to distribute electricity. The electric utilities' overhead and underground transmission and sub-transmission lines, as well as their distribution lines, are uninsured because the amount of insurance available is limited and the premiums are extremely high. 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. The Company's 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.
» More Articles for HE

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