Is Hawaiian Electric Stock a Good Investment?
Hawaiian Electric Investment Advice | HE |
- Examine Hawaiian Electric's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Hawaiian Electric's leadership team and their track record. Good management can help Hawaiian Electric navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electric Utilities space and any emerging trends that could impact Hawaiian Electric's business and its evolving consumer preferences.
- Compare Hawaiian Electric's performance and market position to its competitors. Analyze how Hawaiian Electric is positioned in terms of product offerings, innovation, and market share.
- Check if Hawaiian Electric pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Hawaiian Electric's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Hawaiian Electric Industries stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Hawaiian Electric Industries is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Hawaiian Electric Stock
Researching Hawaiian Electric's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 69.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.15. Some equities with similar Price to Book (P/B) outperform the market in the long run. Hawaiian Electric recorded a loss per share of 11.72. The entity last dividend was issued on the 17th of August 2023. The firm had 2:1 split on the 14th of June 2004.
To determine if Hawaiian Electric is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Hawaiian Electric's research are outlined below:
| Hawaiian Electric generated a negative expected return over the last 90 days | |
| Hawaiian Electric has high historical volatility and very poor performance | |
| Hawaiian Electric has a strong financial position based on the latest SEC filings | |
| About 69.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Hawaiian Electric Industries Inc Shares Gap Down to 10.575 on Nov 26 |
Hawaiian Electric uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Hawaiian Electric Industries. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Hawaiian Electric's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Hawaiian Electric's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Hawaiian Electric's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2017-04-28 | 2017-03-31 | 0.28 | 0.31 | 0.03 | 10 | ||
2009-05-05 | 2009-03-31 | 0.25 | 0.22 | -0.03 | 12 | ||
2019-05-07 | 2019-03-31 | 0.38 | 0.42 | 0.04 | 10 | ||
2015-02-12 | 2014-12-31 | 0.32 | 0.36 | 0.04 | 12 | ||
2013-05-08 | 2013-03-31 | 0.38 | 0.34 | -0.04 | 10 | ||
2012-08-02 | 2012-06-30 | 0.36 | 0.4 | 0.04 | 11 | ||
2012-05-08 | 2012-03-31 | 0.36 | 0.4 | 0.04 | 11 | ||
2000-10-25 | 2000-09-30 | 0.38 | 0.34 | -0.04 | 10 |
Know Hawaiian Electric's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Hawaiian Electric is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hawaiian Electric Industries backward and forwards among themselves. Hawaiian Electric's institutional investor refers to the entity that pools money to purchase Hawaiian Electric's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corp | 2024-06-30 | 2.8 M | Franklin Resources Inc | 2024-09-30 | 2.7 M | Alyeska Investment Group, L.p. | 2024-09-30 | 2.4 M | Two Sigma Advisers, Llc | 2024-06-30 | 2.1 M | Qube Research & Technologies | 2024-06-30 | 2.1 M | Voloridge Investment Management, Llc | 2024-09-30 | 2 M | Millennium Management Llc | 2024-06-30 | 1.9 M | Third Point, Llc | 2024-09-30 | 1.5 M | Northern Trust Corp | 2024-09-30 | 1.4 M | Vanguard Group Inc | 2024-09-30 | 17.1 M | Zimmer Partners Lp | 2024-09-30 | 15 M |
Hawaiian Electric's market capitalization trends
The company currently falls under 'Mid-Cap' category with a market capitalization of 1.82 B.Market Cap |
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Hawaiian Electric's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.02 | 0.02 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.09 | 0.10 |
Determining Hawaiian Electric's profitability involves analyzing its financial statements and using various financial metrics to determine if Hawaiian Electric is a good buy. For example, gross profit margin measures Hawaiian Electric's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Hawaiian Electric's profitability and make more informed investment decisions.
Please note, the presentation of Hawaiian Electric's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Hawaiian Electric's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Hawaiian Electric's management manipulating its earnings.
Evaluate Hawaiian Electric's management efficiency
Hawaiian Electric has Return on Asset (ROA) of (0.1235) % which means that for every 100 dollars spent on asset, it generated a loss of $0.1235. This is way below average. Likewise, it shows a return on total equity (ROE) of (0.6765) %, which implies that it produced no returns to current stockholders. Hawaiian Electric's management efficiency ratios could be used to measure how well Hawaiian Electric manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, Hawaiian Electric's Debt To Assets are projected to slightly decrease based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 0.81, whereas Non Current Assets Total are forecasted to decline to about 5.4 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 21.68 | 13.06 | |
| Tangible Book Value Per Share | 20.93 | 12.30 | |
| Enterprise Value Over EBITDA | 7.72 | 11.81 | |
| Price Book Value Ratio | 0.66 | 1.28 | |
| Enterprise Value Multiple | 7.72 | 11.81 | |
| Price Fair Value | 0.66 | 1.28 | |
| Enterprise Value | 2.6 B | 2.3 B |
Hawaiian Electric Industries benefits from a proactive management team that anticipates market trends. Our analysis delves into how this proactive stance influences financial metrics and stock valuation.
Beta 0.537 |
Basic technical analysis of Hawaiian Stock
As of the 29th of November, Hawaiian Electric retains the Downside Deviation of 3.62, risk adjusted performance of 0.0081, and Market Risk Adjusted Performance of 0.0268. Hawaiian Electric technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Hawaiian Electric value at risk, as well as the relationship between the semi variance and kurtosis to decide if Hawaiian Electric is priced fairly, providing market reflects its last-minute price of 10.53 per share. Given that Hawaiian Electric Industries has jensen alpha of 0.0482, we strongly advise you to confirm Hawaiian Electric's regular market performance to make sure the company can sustain itself at a future point.Hawaiian Electric's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Hawaiian Electric insiders, such as employees or executives, is commonly permitted as long as it does not rely on Hawaiian Electric's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Hawaiian Electric insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Kurt Murao over three months ago Disposition of 4199 shares by Kurt Murao of Hawaiian Electric at 13.1 subject to Rule 16b-3 | ||
Shelee Kimura over six months ago Acquisition by Shelee Kimura of 3550 shares of Hawaiian Electric subject to Rule 16b-3 | ||
Elisia Flores over six months ago Acquisition by Elisia Flores of 496 shares of Hawaiian Electric subject to Rule 16b-3 | ||
Jeffrey Watanabe over six months ago Hawaiian Electric exotic insider transaction detected | ||
Jeffrey Watanabe over a year ago Acquisition by Jeffrey Watanabe of 2962 shares of Hawaiian Electric subject to Rule 16b-3 |
Hawaiian Electric's Outstanding Corporate Bonds
Hawaiian Electric issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Hawaiian Electric uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Hawaiian bonds can be classified according to their maturity, which is the date when Hawaiian Electric Industries has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| HA 39 15 JAN 26 Corp BondUS419838AA57 | View | |
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Volcan Compania Minera Corp BondUSP98047AC08 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand Hawaiian Electric's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Hawaiian Electric's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0081 | |||
| Market Risk Adjusted Performance | 0.0268 | |||
| Mean Deviation | 2.32 | |||
| Semi Deviation | 3.56 | |||
| Downside Deviation | 3.62 | |||
| Coefficient Of Variation | 185023.46 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.85 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.0482 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0168 | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (6.30) | |||
| Potential Upside | 5.35 | |||
| Downside Variance | 13.08 | |||
| Semi Variance | 12.65 | |||
| Expected Short fall | (2.26) | |||
| Skewness | (0.50) | |||
| Kurtosis | 1.29 |
| Risk Adjusted Performance | 0.0081 | |||
| Market Risk Adjusted Performance | 0.0268 | |||
| Mean Deviation | 2.32 | |||
| Semi Deviation | 3.56 | |||
| Downside Deviation | 3.62 | |||
| Coefficient Of Variation | 185023.46 | |||
| Standard Deviation | 3.29 | |||
| Variance | 10.85 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.0482 | |||
| Total Risk Alpha | (0.50) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0168 | |||
| Maximum Drawdown | 17.19 | |||
| Value At Risk | (6.30) | |||
| Potential Upside | 5.35 | |||
| Downside Variance | 13.08 | |||
| Semi Variance | 12.65 | |||
| Expected Short fall | (2.26) | |||
| Skewness | (0.50) | |||
| Kurtosis | 1.29 |
Consider Hawaiian Electric's intraday indicators
Hawaiian Electric intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Hawaiian Electric stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Hawaiian Electric Corporate Filings
13A | 12th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 5th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 24th of September 2024 Other Reports | ViewVerify |
Hawaiian Stock media impact
Far too much social signal, news, headlines, and media speculation about Hawaiian Electric that are available to investors today. That information is available publicly through Hawaiian media outlets and privately through word of mouth or via Hawaiian internal channels. However, regardless of the origin, that massive amount of Hawaiian data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Hawaiian Electric news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Hawaiian Electric relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Hawaiian Electric's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Hawaiian Electric alpha.
Hawaiian Electric Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Hawaiian Electric can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Hawaiian Electric Corporate Directors
| Richard Dahl | Independent Director | Profile | |
| Mateo Garcia | Director Relations | Profile | |
| Eva Zlotnicka | Independent Director | Profile | |
| Mary Powell | Independent Director | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Electric Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hawaiian Electric. If investors know Hawaiian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hawaiian Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.24) | Earnings Share (11.72) | Revenue Per Share 33.159 | Quarterly Revenue Growth 0.04 | Return On Assets (0.12) |
The market value of Hawaiian Electric is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Electric's value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hawaiian Electric's market value can be influenced by many factors that don't directly affect Hawaiian Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Hawaiian Electric's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Hawaiian Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.