NYSE:HE (USA) Also trade in: Germany

Hawaiian Electric Industries Inc

$ 42.01 0 (0%)
Volume: 325,363 Avg Vol (1m): 335,143
Market Cap $: 4.58 Bil Enterprise Value $: 5.12 Bil
P/E (TTM): 22.23 P/B: 2.10
Earnings Power Value -11.25
Net Current Asset Value -41.77
Tangible Book 19.23
Projected FCF 15.38
Median P/S Value 22.14
Graham Number 28.6
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 5/10

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.
Current vs industry vs history
Cash-to-Debt 0.74
Cash-To-Debt ranked higher than
75.52% of 527 companies
in the Utilities - Regulated Electric industry.
Industry Max: 57371.9, Med: 0.23, Min: 0.01
HE: 0.74
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0, Med: 0.2, Max: 0.85
Current: 0.74
0
0.85
Equity-to-Asset 0.16
Equity-to-Asset ranked lower than
92.04% of 540 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1, Med: 0.37, Min: -36.82
HE: 0.16
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.1, Med: 0.13, Max: 0.35
Current: 0.16
0.1
0.35
Debt-to-Equity 0.95
Debt-to-Equity ranked lower than
53.05% of 492 companies
in the Utilities - Regulated Electric industry.
Industry Max: 18.48, Med: 0.93, Min: 0.01
HE: 0.95
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.85, Med: 1.14, Max: 2.89
Current: 0.95
0.85
2.89
Debt-to-EBITDA 3.43
Debt-to-EBITDA ranked higher than
54.73% of 486 companies
in the Utilities - Regulated Electric industry.
Industry Max: 602.61, Med: 3.8, Min: 0.01
HE: 3.43
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 3.08, Med: 3.71, Max: 4.71
Current: 3.43
3.08
4.71
Interest Coverage 3.96
Interest Coverage ranked lower than
53.60% of 528 companies
in the Utilities - Regulated Electric industry.
Industry Max: 16305.77, Med: 4.89, Min: 0.02
HE: 3.96
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 2.46, Med: 4.15, Max: 4.9
Current: 3.96
2.46
4.9
Piotroski F-Score 5
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 0.61
DISTRESS
GREY
SAFE
WACC vs ROIC %
ROIC 10.51%
WACC 3.12%

Profitability & Growth : 5/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 11.80
Operating Margin ranked lower than
56.93% of 541 companies
in the Utilities - Regulated Electric industry.
Industry Max: 207.01, Med: 14.76, Min: -6925
HE: 11.8
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 8.13, Med: 10.04, Max: 14.95
Current: 11.8
8.13
14.95
Net Margin % 7.27
Net Margin ranked lower than
56.01% of 541 companies
in the Utilities - Regulated Electric industry.
Industry Max: 5650, Med: 8.05, Min: -5723.74
HE: 7.27
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 3.68, Med: 5.15, Max: 10.51
Current: 7.27
3.68
10.51
ROE % 9.71
ROE ranked lower than
51.57% of 543 companies
in the Utilities - Regulated Electric industry.
Industry Max: 199991.92, Med: 8.66, Min: -1195.01
HE: 9.71
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 5.86, Med: 9.03, Max: 12.43
Current: 9.71
5.86
12.43
ROA % 1.61
ROA ranked lower than
71.38% of 552 companies
in the Utilities - Regulated Electric industry.
Industry Max: 112.53, Med: 3.17, Min: -436.25
HE: 1.61
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 0.93, Med: 1.46, Max: 2.07
Current: 1.61
0.93
2.07
ROC (Joel Greenblatt) % 7.33
ROC (Joel Greenblatt) ranked lower than
62.16% of 547 companies
in the Utilities - Regulated Electric industry.
Industry Max: 2918.52, Med: 9.73, Min: -9636.36
HE: 7.33
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: 6.84, Med: 8.44, Max: 11.01
Current: 7.33
6.84
11.01
3-Year Total Revenue Growth Rate 3.20
3-Year Revenue Growth Rate ranked lower than
83.08% of 520 companies
in the Utilities - Regulated Electric industry.
Industry Max: 227.9, Med: 0.9, Min: -100
HE: 2.4
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -12.2, Med: 1.4, Max: 11.8
Current: 2.4
-12.2
11.8
3-Year Total EBITDA Growth Rate 4.20
3-Year EBITDA Growth Rate ranked lower than
58.85% of 503 companies
in the Utilities - Regulated Electric industry.
Industry Max: 371.8, Med: 3.7, Min: -100
HE: 3.4
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: -48.5, Med: 1.8, Max: 15.9
Current: 3.4
-48.5
15.9
3-Year EPS w/o NRI Growth Rate 7.20
3-Year EPS w/o NRI Growth Rate ranked lower than
59.91% of 454 companies
in the Utilities - Regulated Electric industry.
Industry Max: 207.2, Med: 3.4, Min: -381
HE: 7.2
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: -23.2, Med: 4.2, Max: 34.5
Current: 7.2
-23.2
34.5

» HE's 30-Y Financials

Financials (Next Earnings Date: 2019-08-02)

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Business Description

Industry Utilities - Regulated » Utilities - Regulated Electric    NAICS : 221111    SIC : 4911
Compare BOG:ISA BSP:ENGI4 MIC:IRAO WAR:PGE NYSE:POR XBRU:ELI TSE:9504 NYSE:ALE XSGO:ENELGXCH HKSE:00916 PHS:AP BSP:EQTL3 SHSE:600236 SHSE:601216 TSE:9506 TSE:9513 FRA:LEC NYSE:IDA MIC:RSTI BSP:REDE3
Traded in other countries HWI.Germany
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 third- largest financial institution, American Savings Bank. The utilities provide electricity to 95% of the state on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Although the majority of electricity is produced by oil-fired power plants, over 25% of electricity in its service territory comes from renewable energy and this portion is growing rapidly as the state has set a goal of 100% by 2045.

Ratios

Current vs industry vs history
PE Ratio (TTM) 22.23
PE Ratio ranked lower than
65.48% of 478 companies
in the Utilities - Regulated Electric industry.
Industry Max: 6747.16, Med: 16.12, Min: 0.23
HE: 22.23
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 12.53, Med: 19.76, Max: 25.07
Current: 22.23
12.53
25.07
Forward PE Ratio 21.41
Forward P/E ranked lower than
61.54% of 156 companies
in the Utilities - Regulated Electric industry.
Industry Max: 56.82, Med: 16.56, Min: 0.07
HE: 21.41
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 22.23
PE without NRI ranked lower than
64.73% of 482 companies
in the Utilities - Regulated Electric industry.
Industry Max: 6747.16, Med: 16.23, Min: 0.23
HE: 22.23
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 12.53, Med: 19.76, Max: 25.07
Current: 22.23
12.53
25.07
Price-to-Owner-Earnings 21.79
Price-to-Owner-Earnings ranked lower than
93.87% of 261 companies
in the Utilities - Regulated Electric industry.
Industry Max: 2275, Med: 19.03, Min: 0.76
HE: 21.79
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 14.56, Med: 49, Max: 556.45
Current: 21.79
14.56
556.45
PB Ratio 2.10
PB Ratio ranked lower than
60.37% of 540 companies
in the Utilities - Regulated Electric industry.
Industry Max: 59.24, Med: 1.52, Min: 0.01
HE: 2.1
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.81, Med: 1.61, Max: 2.14
Current: 2.1
0.81
2.14
PS Ratio 1.59
PS Ratio ranked higher than
53.73% of 536 companies
in the Utilities - Regulated Electric industry.
Industry Max: 3460, Med: 1.61, Min: 0.01
HE: 1.59
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.35, Med: 0.84, Max: 1.62
Current: 1.59
0.35
1.62
Price-to-Free-Cash-Flow 359.06
Price-to-Free-Cash-Flow ranked lower than
100.00% of 260 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1245.83, Med: 17.65, Min: 1.05
HE: 359.06
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 13.21, Med: 48.39, Max: 359.66
Current: 359.06
13.21
359.66
Price-to-Operating-Cash-Flow 8.47
Price-to-Operating-Cash-Flow ranked lower than
67.35% of 438 companies
in the Utilities - Regulated Electric industry.
Industry Max: 401.96, Med: 7.95, Min: 0.26
HE: 8.47
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 3.12, Med: 8.47, Max: 19.69
Current: 8.47
3.12
19.69
EV-to-EBIT 14.85
EV-to-EBIT ranked higher than
65.74% of 502 companies
in the Utilities - Regulated Electric industry.
Industry Max: 3176.97, Med: 14.93, Min: 0.02
HE: 14.85
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 8.7, Med: 11.7, Max: 18.4
Current: 14.85
8.7
18.4
EV-to-EBITDA 8.45
EV-to-EBITDA ranked higher than
75.97% of 516 companies
in the Utilities - Regulated Electric industry.
Industry Max: 47184.2, Med: 10.53, Min: 0.02
HE: 8.45
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 5.6, Med: 7.3, Max: 11
Current: 8.45
5.6
11
EV-to-Revenue 1.78
EV-to-Revenue ranked higher than
69.72% of 535 companies
in the Utilities - Regulated Electric industry.
Industry Max: 2609.33, Med: 2.51, Min: 0.01
HE: 1.78
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 0.6, Med: 1.2, Max: 1.8
Current: 1.78
0.6
1.8
PEG Ratio 9.65
PEG Ratio ranked lower than
74.73% of 277 companies
in the Utilities - Regulated Electric industry.
Industry Max: 383.47, Med: 2.69, Min: 0.03
HE: 9.65
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 3.25, Med: 6.5, Max: 19.08
Current: 9.65
3.25
19.08
Shiller PE Ratio 24.88
Shiller PE Ratio ranked lower than
50.95% of 263 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1055.16, Med: 20.93, Min: 0.55
HE: 24.88
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 10.29, Med: 19.56, Max: 24.9
Current: 24.88
10.29
24.9
Current Ratio 1.01
Current Ratio ranked lower than
54.23% of 544 companies
in the Utilities - Regulated Electric industry.
Industry Max: 9431, Med: 1.07, Min: 0.02
HE: 1.01
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.79, Med: 1.07, Max: 24.79
Current: 1.01
0.79
24.79
Quick Ratio 1.01
Quick Ratio ranked higher than
52.85% of 543 companies
in the Utilities - Regulated Electric industry.
Industry Max: 9431, Med: 0.99, Min: 0.12
HE: 1.01
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.61, Med: 1.07, Max: 24.79
Current: 1.01
0.61
24.79
Days Sales Outstanding 33.68
Days Sales Outstanding ranked higher than
64.38% of 525 companies
in the Utilities - Regulated Electric industry.
Industry Max: 545.94, Med: 48.56, Min: 1
HE: 33.68
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 34.04, Med: 37.85, Max: 41.55
Current: 33.68
34.04
41.55
Days Payable 28.13
Days Payable ranked lower than
77.12% of 507 companies
in the Utilities - Regulated Electric industry.
Industry Max: 949.53, Med: 61.37, Min: 0.02
HE: 28.13
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 22.17, Med: 26.63, Max: 32
Current: 28.13
22.17
32

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 3.00
Trailing Dividend Yield ranked higher than
53.12% of 1105 companies
in the Utilities - Regulated Electric industry.
Industry Max: 82.33, Med: 3.44, Min: 0.01
HE: 3
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 2.97, Med: 4.65, Max: 9.96
Current: 3
2.97
9.96
Dividend Payout Ratio 0.66
Dividend Payout Ratio ranked lower than
71.03% of 611 companies
in the Utilities - Regulated Electric industry.
Industry Max: 491.25, Med: 0.51, Min: 0.01
HE: 0.66
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.54, Med: 0.82, Max: 1.36
Current: 0.66
0.54
1.36
Forward Dividend Yield % 3.05
Forward Dividend Yield ranked higher than
51.16% of 1081 companies
in the Utilities - Regulated Electric industry.
Industry Max: 82.33, Med: 3.53, Min: 0.01
HE: 3.05
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 3.00
Yield-on-Cost (5y) ranked lower than
53.25% of 1106 companies
in the Utilities - Regulated Electric industry.
Industry Max: 332.77, Med: 3.95, Min: 0.01
HE: 3
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 2.96, Med: 4.65, Max: 9.96
Current: 3
2.96
9.96
3-Year Share Buyback Rate -0.50
3-Year Share Buyback Rate ranked higher than
55.82% of 292 companies
in the Utilities - Regulated Electric industry.
Industry Max: 42.7, Med: -2.7, Min: -899.5
HE: -0.5
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -8.1, Med: -3.1, Max: -0.5
Current: -0.5
-8.1
-0.5

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 2.18
Price-to-Tangible-Book ranked lower than
52.56% of 489 companies
in the Utilities - Regulated Electric industry.
Industry Max: 754.03, Med: 1.82, Min: 0.03
HE: 2.18
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.95, Med: 1.69, Max: 2.3
Current: 2.18
0.95
2.3
Price-to-Projected-FCF 2.73
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
74.93% of 367 companies
in the Utilities - Regulated Electric industry.
Industry Max: 126.14, Med: 1.29, Min: 0.06
HE: 2.73
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 1.02, Med: 2.25, Max: 5.98
Current: 2.73
1.02
5.98
Price-to-Median-PS-Value 1.90
Price-to-Median-PS-Value ranked lower than
85.77% of 506 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1075, Med: 1, Min: 0.01
HE: 1.9
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.46, Med: 1.03, Max: 2.35
Current: 1.9
0.46
2.35
Price-to-Graham-Number 1.47
Price-to-Graham-Number ranked lower than
51.72% of 406 companies
in the Utilities - Regulated Electric industry.
Industry Max: 27.49, Med: 1.29, Min: 0.04
HE: 1.47
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.81, Med: 1.21, Max: 1.62
Current: 1.47
0.81
1.62
Earnings Yield (Joel Greenblatt) % 6.73
Earnings Yield (Greenblatt) ranked higher than
68.78% of 551 companies
in the Utilities - Regulated Electric industry.
Industry Max: 5000, Med: 6.37, Min: -86.21
HE: 6.73
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 5.4, Med: 8.5, Max: 11.5
Current: 6.73
5.4
11.5
Forward Rate of Return (Yacktman) % 2.28
Forward Rate of Return ranked lower than
52.74% of 402 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1132.67, Med: 3.67, Min: -2480.81
HE: 2.28
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -10.4, Med: -0.5, Max: 5.1
Current: 2.28
-10.4
5.1

More Statistics

Revenue (TTM) (Mil) $ 2,876.59
EPS (TTM) $ 1.89
Beta 0.15
Volatility % 9.7
52-Week Range $ 32.59 - 42.59
Shares Outstanding (Mil) 108.94

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 5
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy N
Higher Current Ratio yoy N
Less Shares Outstanding yoy N
Higher Gross Margin yoy N
Higher Asset Turnover yoy Y