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H&E Equipment Services

DB:H6P
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
H6P
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

H&E Equipment Services, Inc. operates as an integrated equipment services company. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • H&E Equipment Services has significant price volatility in the past 3 months.
H6P Share Price and Events
7 Day Returns
0%
DB:H6P
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
63.1%
DB:H6P
6.9%
DE Trade Distributors
9%
DE Market
H6P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
H&E Equipment Services (H6P) 0% 27.6% 48.9% 63.1% 89.6% 13.1%
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • H6P outperformed the Trade Distributors industry which returned 6.9% over the past year.
  • H6P outperformed the Market in Germany which returned 9% over the past year.
Price Volatility
H6P
Industry
5yr Volatility vs Market

H6P Value

 Is H&E Equipment Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of H&E Equipment Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for H&E Equipment Services.

DB:H6P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:H6P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 21%) (112.31%))
1.532
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.532 * 5.96%)
9.36%

Discounted Cash Flow Calculation for DB:H6P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for H&E Equipment Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:H6P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.36%)
2020 139.80 Analyst x1 127.84
2021 219.68 Est @ 57.14% 183.68
2022 307.69 Est @ 40.06% 235.26
2023 394.19 Est @ 28.11% 275.60
2024 472.04 Est @ 19.75% 301.78
2025 537.62 Est @ 13.89% 314.29
2026 590.26 Est @ 9.79% 315.54
2027 631.13 Est @ 6.92% 308.51
2028 662.15 Est @ 4.91% 295.97
2029 685.38 Est @ 3.51% 280.13
Present value of next 10 years cash flows $2,638.00
DB:H6P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $685.38 × (1 + 0.23%) ÷ (9.36% – 0.23%)
$7,522.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,522.74 ÷ (1 + 9.36%)10
$3,074.74
DB:H6P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,638.00 + $3,074.74
$5,712.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,712.74 / 35.47
$161.08
DB:H6P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:H6P represents 0.89627x of NasdaqGS:HEES
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89627x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 161.08 x 0.89627
€144.37
Value per share (EUR) From above. €144.37
Current discount Discount to share price of €32.40
= -1 x (€32.40 - €144.37) / €144.37
77.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price H&E Equipment Services is available for.
Intrinsic value
>50%
Share price is €32.4 vs Future cash flow value of €144.37
Current Discount Checks
For H&E Equipment Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • H&E Equipment Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • H&E Equipment Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for H&E Equipment Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are H&E Equipment Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:H6P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $2.52
NasdaqGS:HEES Share Price ** NasdaqGS (2019-11-13) in USD $36.15
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of H&E Equipment Services.

DB:H6P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HEES Share Price ÷ EPS (both in USD)

= 36.15 ÷ 2.52

14.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • H&E Equipment Services is good value based on earnings compared to the DE Trade Distributors industry average.
  • H&E Equipment Services is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does H&E Equipment Services's expected growth come at a high price?
Raw Data
DB:H6P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-0.6%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:H6P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.33x ÷ -0.6%

-23.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • H&E Equipment Services earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on H&E Equipment Services's assets?
Raw Data
DB:H6P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $8.29
NasdaqGS:HEES Share Price * NasdaqGS (2019-11-13) in USD $36.15
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:H6P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HEES Share Price ÷ Book Value per Share (both in USD)

= 36.15 ÷ 8.29

4.36x

* Primary Listing of H&E Equipment Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • H&E Equipment Services is overvalued based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess H&E Equipment Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. H&E Equipment Services has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

H6P Future Performance

 How is H&E Equipment Services expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is H&E Equipment Services expected to grow at an attractive rate?
  • H&E Equipment Services's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • H&E Equipment Services's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • H&E Equipment Services's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:H6P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:H6P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -0.6%
DB:H6P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.1%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:H6P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:H6P Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,371 88 2
2020-12-31 1,376 312 93 6
2019-12-31 1,350 307 91 6
2019-11-13
DB:H6P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,346 317 90
2019-06-30 1,315 277 83
2019-03-31 1,292 258 81
2018-12-31 1,239 247 77
2018-09-30 1,188 208 137
2018-06-30 1,125 239 125
2018-03-31 1,064 224 114
2017-12-31 1,030 226 110
2017-09-30 980 224 36
2017-06-30 965 202 39
2017-03-31 958 194 37
2016-12-31 978 177 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • H&E Equipment Services's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • H&E Equipment Services's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:H6P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from H&E Equipment Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H6P Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.46 2.46 2.45 2.00
2020-12-31 2.58 2.66 2.45 4.00
2019-12-31 2.53 2.61 2.40 4.00
2019-11-13
DB:H6P Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 2.52
2019-06-30 2.33
2019-03-31 2.28
2018-12-31 2.15
2018-09-30 3.86
2018-06-30 3.50
2018-03-31 3.20
2017-12-31 3.09
2017-09-30 1.02
2017-06-30 1.11
2017-03-31 1.04
2016-12-31 1.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • H&E Equipment Services is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess H&E Equipment Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
H&E Equipment Services has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

H6P Past Performance

  How has H&E Equipment Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare H&E Equipment Services's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • H&E Equipment Services's year on year earnings growth rate has been positive over the past 5 years.
  • H&E Equipment Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • H&E Equipment Services's 1-year earnings growth is negative, it can't be compared to the DE Trade Distributors industry average.
Earnings and Revenue History
H&E Equipment Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from H&E Equipment Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:H6P Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,346.21 90.35 306.81
2019-06-30 1,315.35 83.23 299.86
2019-03-31 1,292.12 81.39 291.07
2018-12-31 1,238.96 76.62 278.30
2018-09-30 1,187.65 137.49 265.73
2018-06-30 1,124.67 124.64 252.79
2018-03-31 1,063.67 113.75 241.35
2017-12-31 1,030.02 109.66 232.78
2017-09-30 979.70 36.16 228.07
2017-06-30 965.22 39.36 226.63
2017-03-31 957.96 36.99 226.07
2016-12-31 978.14 37.17 228.13
2016-09-30 1,007.00 36.71 230.03
2016-06-30 1,039.17 39.82 228.77
2016-03-31 1,059.43 43.79 226.13
2015-12-31 1,039.83 44.31 220.23
2015-09-30 1,064.38 49.02 216.74
2015-06-30 1,062.58 49.54 213.62
2015-03-31 1,080.59 53.79 211.09
2014-12-31 1,090.41 55.14 206.48
2014-09-30 1,052.23 53.06 201.04
2014-06-30 1,047.64 51.72 196.43
2014-03-31 1,012.60 46.80 191.65
2013-12-31 987.76 44.14 189.06
2013-09-30 978.29 40.24 185.50
2013-06-30 912.35 30.00 180.92
2013-03-31 876.04 29.66 175.21
2012-12-31 837.32 28.84 169.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst H&E Equipment Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • H&E Equipment Services used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • H&E Equipment Services has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess H&E Equipment Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
H&E Equipment Services has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

H6P Health

 How is H&E Equipment Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up H&E Equipment Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • H&E Equipment Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • H&E Equipment Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of H&E Equipment Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from H&E Equipment Services Company Filings, last reported 1 month ago.

DB:H6P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 293.92 1,275.43 10.60
2019-06-30 275.59 1,252.95 6.70
2019-03-31 262.00 1,236.97 6.44
2018-12-31 256.80 1,139.21 16.68
2018-09-30 240.41 1,190.07 5.09
2018-06-30 229.36 1,105.81 9.58
2018-03-31 217.75 972.31 38.08
2017-12-31 216.79 966.09 165.88
2017-09-30 139.82 838.71 6.18
2017-06-30 141.22 818.59 7.00
2017-03-31 140.42 817.11 5.04
2016-12-31 142.77 821.13 7.68
2016-09-30 139.41 875.60 7.03
2016-06-30 137.56 847.98 10.35
2016-03-31 139.20 862.57 4.73
2015-12-31 142.59 874.60 7.16
2015-09-30 139.75 938.33 9.19
2015-06-30 134.81 958.77 11.86
2015-03-31 131.66 965.90 4.55
2014-12-31 133.37 982.23 15.86
2014-09-30 125.67 941.57 5.29
2014-06-30 119.50 853.54 6.09
2014-03-31 103.06 808.87 4.97
2013-12-31 94.81 780.07 17.61
2013-09-30 79.78 813.29 6.67
2013-06-30 65.64 785.35 4.22
2013-03-31 54.35 749.93 2.97
2012-12-31 48.64 729.62 8.89
  • H&E Equipment Services's level of debt (433.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (749.1% vs 433.9% today).
  • Debt is well covered by operating cash flow (24.8%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess H&E Equipment Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. H&E Equipment Services has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

H6P Dividends

 What is H&E Equipment Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.04%
Current annual income from H&E Equipment Services dividends. Estimated to be 3.07% next year.
If you bought €2,000 of H&E Equipment Services shares you are expected to receive €61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • H&E Equipment Services's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • H&E Equipment Services's dividend is below the markets top 25% of dividend payers in Germany (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:H6P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:H6P Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.10 1.00
2020-12-31 1.11 4.00
2019-12-31 1.11 4.00
2019-11-13
DB:H6P Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-14 1.100 3.885
2019-05-10 1.100 4.020
2019-02-08 1.100 3.965
2018-11-07 1.100 4.888
2018-08-08 1.100 3.504
2018-05-16 1.100 2.920
2018-02-16 1.100 2.878
2017-11-08 1.100 2.921
2017-08-21 1.100 4.032
2017-05-22 1.100 5.326
2017-02-15 1.100 4.734
2016-11-10 1.100 4.994
2016-08-10 1.100 7.060
2016-05-16 1.100 5.827
2016-02-12 1.100 6.717
2015-11-11 1.100 7.130
2015-10-29 1.100 5.563
2015-07-30 1.100 6.082
2015-02-13 1.000 4.533
2014-11-12 1.000 3.978
2014-07-28 1.000 2.614

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, H&E Equipment Services has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but H&E Equipment Services only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of H&E Equipment Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess H&E Equipment Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can H&E Equipment Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. H&E Equipment Services has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

H6P Management

 What is the CEO of H&E Equipment Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Barber
COMPENSATION $1,844,410
AGE 46
TENURE AS CEO 0.8 years
CEO Bio

Mr. Bradley W. Barber, also known as Brad, has been President of H&E Equipment Services, Inc. since November 2, 2012 and its Chief Executive Officer & Director since January 1, 2019. He was Chief Operating Officer June 3, 2008 until 2019. He serves as President and Chief Operating Officer at H&E Equipment Services (Mid-Atlantic), Inc. Mr. Barber served as Vice President of Rental Operations of H&E Equipment Services, Inc. from February 2003 to November 2005; General Manager from November 2005 to May 2008 and also served as its Executive Vice President from November 2005 to November 2, 2012. Prior to that, he served as Director of Rental Operations at Head & Engquist Equipment, L.L.C., from March 1998 to February 2003. Mr. Barber has previous experience in both outside sales and branch management for a regional equipment company.

CEO Compensation
  • Brad's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Brad's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the H&E Equipment Services management team in years:

2.2
Average Tenure
56
Average Age
  • The tenure for the H&E Equipment Services management team is about average.
Management Team

John Engquist

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
65
TENURE
0.8 yrs

Brad Barber

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
46
TENURE
0.8 yrs

Leslie Magee

TITLE
CFO & Secretary
COMPENSATION
$1M
AGE
51
TENURE
14.2 yrs

Kevin Inda

TITLE
Vice President of Investor Relations
TENURE
3.5 yrs

Dale Roesener

TITLE
Vice President of Aerial Work Platforms
COMPENSATION
$304K
AGE
61
Board of Directors Tenure

Average tenure and age of the H&E Equipment Services board of directors in years:

10.8
Average Tenure
71
Average Age
  • The average tenure for the H&E Equipment Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Brad Barber

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
46
TENURE
0.8 yrs

Bruce Bruckmann

TITLE
Independent Director
COMPENSATION
$190K
AGE
66
TENURE
14.2 yrs

John Engquist

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
65
TENURE
0.8 yrs

Lawrence Karlson

TITLE
Independent Director
COMPENSATION
$180K
AGE
77
TENURE
14.2 yrs

Paul Arnold

TITLE
Independent Director
COMPENSATION
$195K
AGE
72
TENURE
13 yrs

Pat Edsell

TITLE
Independent Director
COMPENSATION
$195K
AGE
70
TENURE
8.5 yrs

John Sawyer

TITLE
Independent Director
COMPENSATION
$180K
AGE
74
TENURE
14.2 yrs

Gary Bagley

TITLE
Director
COMPENSATION
$250K
AGE
72
TENURE
14.2 yrs

Thomas Galligan

TITLE
Independent Director
COMPENSATION
$180K
AGE
74
TENURE
8.5 yrs

Pat Thompson

TITLE
Director
AGE
56
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • H&E Equipment Services individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Nov 19 Sell Bradley Barber Individual 08. Nov 19 08. Nov 19 -21,273 €33.50 €-712,557
26. Dec 18 Buy Bruce Bruckmann Individual 20. Dec 18 21. Dec 18 22,500 €17.15 €385,659
19. Dec 18 Buy Paul Arnold Individual 18. Dec 18 18. Dec 18 10,000 €17.66 €176,576
X
Management checks
We assess H&E Equipment Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. H&E Equipment Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

H6P News

Simply Wall St News

H6P Company Info

Description

H&E Equipment Services, Inc. operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. It rents, sells, and provides parts and support services for hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. The company offers heavy construction and industrial equipment for rent on a daily, weekly, and monthly basis. As of December 31, 2018, its rental fleet consisted of 40,542 pieces of equipment. The company also sells new and used equipment, as well as parts; and provides maintenance and repair services for the customers’ owned equipment. In addition, it offers ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers. The company serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers. As of February 14, 2019, it had a network of 96 full-service facilities serving approximately 41,600 customers across 22 states in the West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions of the United States. H&E Equipment Services, Inc. was founded in 1961 and is headquartered in Baton Rouge, Louisiana.

Details
Name: H&E Equipment Services, Inc.
H6P
Exchange: DB
Founded: 1961
$1,165,152,130
35,465,494
Website: http://www.he-equipment.com
Address: H&E Equipment Services, Inc.
7500 Pecue Lane,
Baton Rouge,
Louisiana, 70809,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HEES Common Stock Nasdaq Global Select US USD 31. Jan 2006
DB H6P Common Stock Deutsche Boerse AG DE EUR 31. Jan 2006
Number of employees
Current staff
Staff numbers
2,369
H&E Equipment Services employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 20:44
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/10/25
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.