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Hawaiian Electric Industries (Hawaiian Electric Industries) Intrinsic Value: Projected FCF

: $18.79 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-20), Hawaiian Electric Industries's Intrinsic Value: Projected FCF is $18.79. The stock price of Hawaiian Electric Industries is $10.91. Therefore, Hawaiian Electric Industries's Price-to-Intrinsic-Value-Projected-FCF of today is 0.6.

The historical rank and industry rank for Hawaiian Electric Industries's Intrinsic Value: Projected FCF or its related term are showing as below:

HE' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.54   Med: 2.09   Max: 4.48
Current: 0.58

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Hawaiian Electric Industries was 4.48. The lowest was 0.54. And the median was 2.09.

HE's Price-to-Projected-FCF is ranked better than
77.9% of 371 companies
in the Utilities - Regulated industry
Industry Median: 1.02 vs HE: 0.58

Hawaiian Electric Industries Intrinsic Value: Projected FCF Historical Data

The historical data trend for Hawaiian Electric Industries's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hawaiian Electric Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.46 20.82 21.32 17.17 18.79

Hawaiian Electric Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.17 18.09 20.00 18.67 18.79

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Hawaiian Electric Industries's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hawaiian Electric Industries Price-to-Projected-FCF Distribution

For the Utilities - Regulated industry and Utilities sector, Hawaiian Electric Industries's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Hawaiian Electric Industries's Price-to-Projected-FCF falls into.



Hawaiian Electric Industries Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Hawaiian Electric Industries's Free Cash Flow(6 year avg) = $19.43.

Hawaiian Electric Industries's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(10.195616806174*19.432+2344.841*0.8)/110.356
=18.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hawaiian Electric Industries  (NYSE:HE) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Hawaiian Electric Industries's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=10.91/18.793667999724
=0.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Hawaiian Electric Industries Intrinsic Value: Projected FCF Related Terms

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Hawaiian Electric Industries (Hawaiian Electric Industries) Business Description

Traded in Other Exchanges
Address
1001 Bishop Street, Suite 2900, Honolulu, HI, USA, 96813
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's American Savings Bank. The utilities provide electricity on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Nearly 40% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.
Executives
Scott Deghetto officer: EVP, CFO & Treasurer P.O. BOX 730, HONOLULU HI 96808
Bruce Tamashiro officer: Controller, PAO P.O. BOX 730, HONOLULU HI 96808
Keith P Russell director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Yoko Otani director P.O. BOX 730, HONOLULU HI 96808
Michael J. Kennedy director P.O. BOX 730, HONOLULU HI 96808
Elisia Flores director PO BOX 730, HONOLULU HI 96808
Gregory C Hazelton officer: SVP - Finance 220 NW SECOND AVENUE, PORTLAND OR 97209
Lau Constance H director, officer: President C/O HAWAIIAN ELECTRIC INDUSTRIES, INC., P O BOX 730, HONOLULIU HI 96808
Ann Teranishi officer: Pres & CEO, Amer Savings Bank P.O. BOX 730, HONOLULU HI 96813
Kimura Shelee M.t. officer: Pres & CEO, Hawn Electric Co. C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Spring Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Spring Master Fund A, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Richard F Wacker officer: Pres & CEO, Amer Savings Bank
Seu Scott W.h. officer: Pres & CEO, Hawn Electric C/O P.O. BOX 730, HONOLULU HI 96808
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129

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