HAWAIIAN ELECTRIC INDUSTRIES INC

HE
About the company

Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii.

Country: United StatesPrice: $8.61Market Cap: $1.5B

Investment snapshot

24%positive consensus
Scored 1d ago

Positive

4

BUY / PASS

Neutral / negative

3 / 9

NEUTRAL / FAIL

Median fair value

$4.53

-47.4% vs price

Models with upside

2 / 17

Positive margin of safety

Strongest signal

6 of 10 pass โ€” Lynch, Ackman, Neff +1 more object

Key risk

All 8 investors flag HE's efficiency

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILFAIL ยท Rank #894 (Top 28.9%)PASSPASSPASSNEUTRALFAILFAILFAILPASSFAILNEUTRALFAILNEUTRALFAIL
Score
AnalysisChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆChecking accessโ€ฆ
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of Safety+29.4%-49.7%N/AN/AN/AN/A-188.0%-160.1%+30.5%N/A-233.7%N/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-09-30 ยท Balance sheet at 2026-09-30 ยท Annual history ยท FY 2025

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท TTM ended 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท Balance sheet at 2026-09-30 ยท TTM ended 2026-09-30 vs 2025-09-30 ยท TTM ended 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

TTM ended 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025

Latest source filing: 2026-02-27

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท TTM ended 2026-09-30 ยท Balance sheet at 2026-09-30 ยท Market data at 2026-11-01

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Qualitative assessment ยท Annual history ยท FY 2025 ยท TTM ended 2026-09-30 ยท Balance sheet at 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Qualitative assessment ยท Annual history ยท FY 2025

Latest source filing: 2026-02-27

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท Qualitative assessment ยท TTM ended 2026-09-30 ยท Balance sheet at 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท TTM ended 2026-09-30 ยท Qualitative assessment

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท TTM ended 2026-09-30 ยท Balance sheet at 2026-09-30 ยท Market data at 2026-11-01

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท Price history 2025-01-01โ€“2026-11-01 ยท Balance sheet at 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท Qualitative assessment

Latest source filing: 2026-02-27

Score computed: 2026-11-14

TTM ended 2026-09-30 ยท Balance sheet at 2026-09-30 ยท Price history 2025-01-01โ€“2026-11-01 ยท Annual history ยท FY 2025

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท TTM ended 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Annual history ยท FY 2025 ยท Balance sheet at 2026-09-30

Latest source filing: 2026-11-06

Score computed: 2026-11-14

TTM ended 2026-09-30 ยท Annual history ยท FY 2025 ยท Price history 2025-01-01โ€“2026-11-01

Latest source filing: 2026-11-06

Score computed: 2026-11-14

Where It Passes

  • Cash Flow60% passโœ“ 7โœ— 5โ–พ

    6 of 10 pass โ€” Lynch, Ackman, Neff +1 more object

    Free Cash Flow Proxy$84.0M
    โœ“BuffettPositive and growing
    FCF Positive and Growing$-609.8M
    โœ—LynchPositive and growing
    Operating Cash Flow$391.1M
    โœ“PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=4.38%, ROA=1.42%
    โœ“PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)3.8x
    โœ“Dreman< 8x
    P/E or FCF YieldP/E=12.1x, FCF Yield=3.4%
    โœ“PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive10/18 years FCF positive
    โœ“MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap-41.0%
    โœ—Ackman>= 4%
    Price / FCF per Share29.8x
    โœ—Ackman<= 25
    Positive Operating Cash Flow frequency24/24 years positive
    โœ“SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$-609.8M
    โœ—Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization-41.00%; #3786/4519 (top 83.8%)
    โœ—OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Efficiency0% passโœ— 11โ–พ

    All 8 investors flag HE's efficiency

    Current Ratio0.99
    โœ—Graham>= 2.0
    ROIC (3-5 yr avg)-15.1%
    โœ—Buffett> 10%
    ROIC - WACC-25.1%
    โœ—BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)5.9%
    โœ—Greenblatt> 25%
    Current Ratio Change YoY1.61 -> 1.32
    โœ—PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.36x -> 0.35x
    โœ—PiotroskiImproved YoY
    Current Assets / Current Liabilities0.99
    โœ—Dreman> 1.5
    Return on Invested Capital12.5%
    โœ—Munger> 15%
    ROIC (high and growing)FY2023: ROIC=8.1%; FY2024: ROIC=-66.9%; FY2025: ROIC=8.3%
    โœ—AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC8.3% (RR=100% x ROIC=8.3%)
    โœ—AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest 8.3%)
    โœ—SleepROIC > 12% in a majority of years
  • Growth13% passโœ“ 2โœ— 11โ–พ

    7 of 8 flag HE's growth โ€” Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)
    โœ—Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    โœ—Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    โœ—Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    โœ“LynchInventory growth < Revenue growth
    EPS Growth Direction
    โœ—DremanPositive over recent years
    EPS CAGR
    โœ—Dreman> 5% annualized
    Positive Net Income Frequency26/27 years positive
    โœ“MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-3.9%
    โœ—Ackman>= 5%
    Positive EPS Growth Frequency
    โœ—AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    โœ—Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendrevenue flat/down, operating margin 8.4% -> 7.6%
    โœ—SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR3.7%
    โœ—SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    โœ—Neff7%-20% annualized
  • Profitability19% passโœ“ 12โœ— 23โ–พ

    13 of 16 flag HE's profitability โ€” Graham, Buffett, Lynch +10 more

    Positive EPS (10 years)24/27 years positive
    โœ—GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    โœ—Graham>= 33% growth
    Net Income Positive (10+ years)26/27 years positive
    โœ—BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-11.7%
    โœ—Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)7.6% (latest)
    โœ—BuffettStable or rising over 10 years
    Free Cash Flow Proxy$84.0M
    โœ“BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    โœ—BuffettCoV < 0.3
    Retained Earnings Effectiveness
    โœ—Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    โœ—Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    โœ—Lynch15-30% (Fast Grower); > 0% to pass
    ROE12.8%
    โœ—Lynch> 15%
    EBIT / Enterprise Value20.6%
    โœ“Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=20.6%, ROC=5.9%
    โœ—GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets1.42%
    โœ“PiotroskiROA > 0
    ROA Change YoY-15.95% -> 1.42% (delta: +17.36%)
    โœ“PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=4.38%, ROA=1.42%
    โœ“PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY
    โœ—PiotroskiImproved YoY
    Pre-Tax Income / Revenue7.9%
    โœ—Dreman>= 8%
    Net Income / Shareholders' Equity12.8%
    โœ“Dreman> 12%
    Margin of SafetyP/E=12.1x, P/B=0.9x
    โœ“PabraiP/B < 1.5 or P/E < 15
    Return on Equity-26.6% (3-yr avg)
    โœ—AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value
    โœ—Marks>= 20% below intrinsic value
    Positive Net Income Frequency26/27 years positive
    โœ“MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue10.5%
    โœ—Ackman>= 15%
    Net Income / Shareholders Equity12.8%
    โœ—Ackman>= 15%
    5-Year EPS CAGR
    โœ—Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend8.4% (2023) -> 7.6% (2025)
    โœ—TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendrevenue flat/down, operating margin 8.4% -> 7.6%
    โœ—SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+15.50%; #357/6340 (top 5.6%)
    โœ“AsnessTop 30% of eligible cross-sectionโœ“OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets
    โœ—AsnessTop 30% of eligible cross-section
    Net income / positive book equity+12.79%; #1420/5226 (top 27.2%)
    โœ“AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0710; #3043/5884 (top 51.7%)
    โœ—AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    โœ—Neff7%-20% annualized
    Positive Diluted-EPS Years9/10 years positive
    โœ“Schloss>= 70% positive over 5-10 observed years (app rule)
  • Valuation23% passโœ“ 14โœ— 14โ–พ

    10 of 13 flag HE's valuation โ€” Graham, Lynch, Greenblatt +7 more

    Price / Book Value per Share0.9x
    โœ“Dreman< 1.2xโœ“Templeton< 1.5xโœ—SchlossP/B <= 0.80x (app cutoff)
    Price / 3-yr avg EPS
    โœ—Graham<= 15x
    Price-to-Book Ratio0.9x
    โœ“Graham<= 1.5x
    P/E x P/B
    โœ—Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    โœ—Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value20.6%
    โœ“Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=20.6%, ROC=5.9%
    โœ—GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS12.1x
    โœ—Dreman< 12xโœ—Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)3.8x
    โœ“Dreman< 8x
    Valuation ReasonablenessP/E=12.1x, OE Yield=5.7%
    โœ“MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldP/E=12.1x, FCF Yield=3.4%
    โœ“PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/E=12.1x, P/B=0.9x
    โœ“MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value
    โœ—Marks>= 20% below intrinsic value
    Price / FCF per Share29.8x
    โœ—Ackman<= 25
    Price vs. Trailing Low100% of trailing low ($8.61)
    โœ“Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+15.50%; #357/6340 (top 5.6%)
    โœ“AsnessTop 30% of eligible cross-sectionโœ“OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+1.2116; #1189/6449 (top 18.4%)
    โœ“AsnessTop 30% of eligible cross-section
    Price / Diluted EPS12.1x
    โœ“NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    โœ—Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share0.93x
    โœ“SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    โœ—SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+2.3539; #966/5247 (top 18.4%)
    โœ—OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization-41.00%; #3786/4519 (top 83.8%)
    โœ—OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-45.16%; #4988/6202 (top 80.4%)
    โœ—OshaughnessyTop 10% of eligible cross-section
  • Verdicts29% passโœ“ 4โœ— 10โ–พ

    Split decision: 9 FAIL ยท 4 PASS ยท 3 NEUTRAL

    Overall verdict
    โœ—GrahamFAIL (3/9)โœ—BuffettFAIL (1/9)โœ—LynchFAIL (2/7)โœ—GreenblattRank #894โœ“PiotroskiPASS (F-Score 5)โœ“DremanPASS (5/11)โœ“MungerPASS (2/4)โ€ขPabraiNEUTRAL (2/3)โœ—AkreFAIL (1/6)โœ—MarksFAIL (3/5)โœ—AckmanFAIL (2/9)โœ“TempletonPASS (4/8)โœ—SleepFAIL (2/6)โ€ขAsnessNEUTRAL (Not ranked)โœ—NeffFAIL (2/6)โ€ขSchlossNEUTRAL (4/7)โœ—OshaughnessyFAIL (Rank #846/963 (Top 87.9%))
  • Valuation models33% passโœ“ 2โœ— 4โ–พ

    Models split on HE at $8.61 โ€” fair values range $2.58โ€“$12.39

    Graham fair value$12.19
    โœ“Graham+29.4% margin vs $8.61
    Buffett fair value$5.75
    โœ—Buffett-49.7% margin vs $8.61
    Munger fair value$2.99
    โœ—Munger-188.0% margin vs $8.61
    Pabrai fair value$3.31
    โœ—Pabrai-160.1% margin vs $8.61
    Akre fair value$12.39
    โœ“Akre+30.5% margin vs $8.61
    Ackman fair value$2.58
    โœ—Ackman-233.7% margin vs $8.61
  • Debt & Leverage42% passโœ“ 8โœ— 7โ–พ

    7 of 12 flag HE's debt & leverage โ€” Graham, Buffett, Lynch +4 more

    LT Debt vs Net Current AssetsLT Debt $2.3B vs NCA $-17.0M
    โœ—GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.28, IC: 2.3x
    โœ—BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.28
    โœ“Lynch< 0.33
    Cash - Long-term Debt$-2.1B
    โœ—LynchPositive preferred
    LT Debt / Total Assets Change30.12% -> 25.61%
    โœ“PiotroskiDecreased YoY
    Current Assets / Current Liabilities0.99
    โœ—Dreman> 1.5โœ—SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.28
    โœ“Dreman< 0.8โœ“Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)โœ“SchlossD/E < 1.00x
    Debt Levels0.28
    โœ“MungerDebt/Equity < 0.5โœ“AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=2.3x, D/EBITDA=0.8x
    โœ—MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.28
    โœ“Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.2836; #1957/4210 (top 46.5%)
    โœ—AsnessTop 30% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Utilities
SIC Sector: Electric, Gas & Sanitary Services
Size: Small Cap($1.5B)
Revenue: $3.1B-4.1% YoY
Net Income: $126.3M+108.9% YoY

Financial Snapshot

Operating Margin7.6%
Return on Equity7.9%
Debt / Equity0.39
Current Ratio1.32
EPS (Diluted)$0.71โˆ’17.7% 1y
Shares Retiredโˆ’0.1%

Shareholder Return

Fiscal 2025

Issued 0.1% of shares last year.

Buybacks
โ€”
Dividends
$0

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22
โˆ’2.2% = โˆ’2.0% + โˆ’0.2%
FY23
โˆ’17.7% = โˆ’17.2% + โˆ’0.6%
Earnings Fewer shares More shares

Share count is the denominator the filer used for diluted EPS, recovered as net income รท EPS โ€” not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycleโ€™s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM ยท 2026-09-30

2025-10-01 โ€“ 2026-09-30

Sources ยท derived quarter values

Derived from cumulative filings: revenue, net income, operating income, ebit, pre tax income, interest expense, operating cash flow, depreciation amortization, capex.

Q3 FY 2026

2026-07-01 โ€“ 2026-09-30

Sources ยท derived quarter values

Derived from cumulative filings: net income, operating cash flow, capex.

Q2 FY 2026

2026-04-01 โ€“ 2026-06-30

Sources ยท derived quarter values

Derived from cumulative filings: net income, operating cash flow, capex.

Q1 FY 2026

2026-01-01 โ€“ 2026-03-31

Sources
FY 2025
Sources
  • 10-K ยท 2026-02-27
FY 2024
Sources
  • 10-K ยท 2025-02-24
FY 2023
Sources
  • 10-K ยท 2024-02-29
FY 2022
Sources
  • 10-K ยท 2023-02-27
FY 2021
Sources
  • 10-K ยท 2022-02-25
Market Cap$1.5Bcurrent------$2.6Best.$1.6Best.$1.4Best.$4.4Best.$4.3Best.
Revenue$3.5Bโ†‘14%$1.0Bโ†‘28%$939.7Mโ†‘26%$746.4M$3.1Bโ†“4%$3.2Bโ†“2%$3.3Bโ†“4%$3.4Bโ†‘20%$2.9B
Operating Income$365.9Mโ†‘65%$41.2Mโ†“21%$204.2Mโ†‘280%$53.4Mโ†“14%$235.3Mโ†‘114%-$1.7Bโ†“721%$275.0Mโ†“2%$279.6Mโ†“28%$386.1M
Net Income$230.5Mโ†‘1244%$35.5Mโ†‘14%$123.2Mโ†‘364%$30.4Mโ†‘12%$126.3Mโ†‘109%-$1.4Bโ†“808%$201.1Mโ†“17%$243.0Mโ†“2%$248.1M
EPS (Diluted)--$0.20โ†‘11%$0.71โ†‘373%$0.18โ†‘20%$0.71โ†‘106%$-11.23โ†“720%$1.81โ†“18%$2.20โ†“2%$2.25
Gross Marginโ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”โ€”
Operating Margin10.5%โ†‘45%4.1%โ†“38%21.7%โ†‘202%7.2%โ†“15%7.6%โ†‘114%-53.0%โ†“734%8.4%โ†‘2%8.2%โ†“40%13.5%
ROE12.8%โ†‘1066%โ€”โ€”โ€”7.9%โ†‘108%-96.3%โ†“1223%8.6%โ†“22%11.0%โ†‘6%10.4%
Total Debt$511.0Mโ†“22%$511.0Mโ†“22%$499.4Mโ†“18%$627.5Mโ†“29%$630.5Mโ†‘18%$535.8Mโ†‘54%$347.8Mโ†“85%$2.4Bโ†‘3%$2.3B
Shareholders' Equity$1.8Bโ†‘15%$1.8Bโ†‘15%$1.8Bโ†‘15%$1.6Bโ†‘9%$1.6Bโ†‘9%$1.5Bโ†“37%$2.3Bโ†‘6%$2.2Bโ†“8%$2.4B
Current Ratio0.99โ†“27%0.99โ†“27%0.99โ†“8%1.34โ†‘7%1.32โ†“18%1.61โ€”โ€”โ€”
Debt / Equity0.28โ†“32%0.28โ†“32%0.28โ†“28%0.38โ†“34%0.39โ†‘8%0.36โ†‘144%0.15โ†“86%1.08โ†‘12%0.97
Operating Cash Flow-$124.6Mโ†“130%$119.4Mโ†‘19%-$411.4Mโ†“405%$61.0Mโ†‘23%$391.1Mโ†“20%$487.5Mโ†“12%$551.5Mโ†‘21%$454.5Mโ†‘21%$375.7M
Free Cash Flow-$609.8Mโ†“861%-$38.0Mโ†“704%-$550.0Mโ†“1020%-$42.5Mโ†“15%$49.9Mโ†“65%$143.2Mโ†‘32%$108.7Mโ†“6%$115.1Mโ†‘88%$61.1M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Utilities

HE vs Peers โ€” Financial Grading

Revenue$3.1BBottom 25%
Net Income$126.3MBottom 25%
ROE7.9%Bottom 25%
D/E0.39Top 25%
Op. Margin7.6%Bottom 25%
Curr. Ratio1.32Top 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
SOUTHERN COSO$109.0B$93.59$29.6B$4.3B12.1%2.0024.7%0.652/92/92/70/3F-Score 53/11
AMERICAN ELECTRIC POWER CO INCAEP$70.3B$129.18$21.9B$3.7B11.9%1.5224.3%0.454/93/92/70/3F-Score 53/11
Cheniere Energy, Inc.LNG$63.0B$308.75$20.0B$5.3B67.3%2.8845.6%0.942/94/94/70/3F-Score 83/11
DOMINION ENERGY, INCD$59.5B$67.66$16.5B$3.0B10.3%1.6026.7%0.772/90/91/70/3F-Score 63/11
ATMOS ENERGY CORPATO$29.8B$176.30$4.7B$1.2B8.8%0.6633.2%0.773/93/92/70/3F-Score 63/11
EVERSOURCE ENERGYES$27.0B$71.73$13.5B$1.7B10.5%1.7522.1%0.652/92/92/70/3F-Score 64/11
PPL CorpPPL$26.9B$35.67$9.0B$1.2B7.9%1.2723.5%0.862/90/90/70/3F-Score 52/11
ALLIANT ENERGY CORPLNT$19.0B$73.43$4.4B$810.0M11.0%1.6423.5%0.802/92/92/70/3F-Score 62/11