Financials Hawaiian Electric Industries, Inc.

Equities

HE

US4198701009

Electric Utilities

Real-time Estimate Cboe BZX 01:37:22 2024-05-21 pm EDT 5-day change 1st Jan Change
10.98 USD -2.01% Intraday chart for Hawaiian Electric Industries, Inc. -1.26% -22.83%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,106 3,874 4,536 4,581 1,563 1,236 - -
Enterprise Value (EV) 1 7,175 5,870 4,536 4,581 1,563 2,922 3,115 3,346
P/E ratio 23.5 x 19.6 x 18.4 x 19 x 7.84 x 5.82 x 5.38 x 5.04 x
Yield 2.73% 3.73% 3.28% 3.35% 7.61% - - -
Capitalization / Revenue 1.78 x 1.5 x 1.59 x 1.22 x 0.42 x 0.34 x 0.33 x 0.32 x
EV / Revenue 2.5 x 2.28 x 1.59 x 1.22 x 0.42 x 0.8 x 0.83 x 0.87 x
EV / EBITDA 11.4 x 9.78 x 6.82 x 6.78 x 2.36 x 4.69 x 4.67 x 4.7 x
EV / FCF -245 x 129 x -5.64 x 41.5 x - 38.5 x 53.7 x 38 x
FCF Yield -0.41% 0.78% -17.7% 2.41% - 2.6% 1.86% 2.63%
Price to Book 2.24 x 1.65 x - - - - - -
Nbr of stocks (in thousands) 108,973 109,457 109,311 109,470 110,124 110,303 - -
Reference price 2 46.86 35.39 41.50 41.85 14.19 11.21 11.21 11.21
Announcement Date 2/13/20 2/16/21 2/14/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,875 2,580 2,850 3,742 3,682 3,661 3,759 3,864
EBITDA 1 626.8 600.4 664.8 675.9 663.4 623.4 666.6 712
EBIT 1 348.7 309.6 386.1 381.1 352.6 375.4 408.7 443.5
Operating Margin 12.13% 12% 13.54% 10.18% 9.58% 10.25% 10.87% 11.48%
Earnings before Tax (EBT) 271.4 240.6 310.9 304.2 245.7 - - -
Net income 1 217.9 197.8 246.2 241.1 199.2 209 229 248.5
Net margin 7.58% 7.67% 8.64% 6.44% 5.41% 5.71% 6.09% 6.43%
EPS 2 1.990 1.810 2.250 2.200 1.810 1.927 2.083 2.223
Free Cash Flow 1 -29.24 45.51 -803.9 110.4 - 76 58 88
FCF margin -1.02% 1.76% -28.2% 2.95% - 2.08% 1.54% 2.28%
FCF Conversion (EBITDA) - 7.58% - 16.34% - 12.19% 8.7% 12.36%
FCF Conversion (Net income) - 23.01% - 45.8% - 36.36% 25.33% 35.41%
Dividend per Share 2 1.280 1.320 1.360 1.400 1.080 - - -
Announcement Date 2/13/20 2/16/21 2/14/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 770.3 785.1 895.6 1,042 1,019 928.2 895.7 901.9 961.4 - - - -
EBITDA - - - - - - - - - - - - -
EBIT 88.86 99.28 86.67 102.1 93.01 93.52 92.98 102.7 95.98 - - - -
Operating Margin 11.54% 12.65% 9.68% 9.8% 9.13% 10.07% 10.38% 11.39% 9.98% - - - -
Earnings before Tax (EBT) - - - - 70.59 - 69.37 - - - - - -
Net income 54.52 69.17 52.54 62.08 57.35 54.72 54.61 - - - - - -
Net margin 7.08% 8.81% 5.87% 5.96% 5.63% 5.9% 6.1% - - - - - -
EPS 1 0.5000 0.6300 0.4800 0.5700 0.5200 0.5000 0.5000 0.3700 0.4400 0.3800 0.4900 0.5500 0.4800
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/14/22 5/9/22 8/8/22 11/7/22 2/14/23 5/9/23 8/7/23 11/9/23 2/13/24 5/10/24 - - -
1USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,068 1,997 - - - 1,686 1,879 2,110
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.3 x 3.326 x - - - 2.705 x 2.819 x 2.963 x
Free Cash Flow 1 -29.2 45.5 -804 110 - 76 58 88
ROE (net income / shareholders' equity) 9.8% 8.6% 10.4% 10.5% 8.76% 8.1% 8.2% 8.2%
ROA (Net income/ Total Assets) 1.62% 1.37% 1.6% 1.5% 1.19% 1.1% 1.2% 1.3%
Assets 1 13,425 14,482 15,413 16,053 16,764 19,000 19,083 19,115
Book Value Per Share 20.90 21.40 - - - - - -
Cash Flow per Share 2 4.700 3.930 4.580 4.140 5.010 4.350 4.490 4.590
Capex 1 458 384 315 344 448 376 401 437
Capex / Sales 15.92% 14.88% 11.03% 9.19% 12.17% 10.27% 10.68% 11.3%
Announcement Date 2/13/20 2/16/21 2/14/22 2/14/23 2/13/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
3
Last Close Price
11.21 USD
Average target price
10 USD
Spread / Average Target
-10.79%
Consensus
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