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Hawaiian Electric Industries

DB:HWI
Snowflake Description

Adequate balance sheet with proven track record and pays a dividend.

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

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The last earnings update was 39 days ago. More info.


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HWI Share Price and Events
7 Day Returns
-4%
DB:HWI
0.2%
Europe Electric Utilities
-0.6%
DE Market
1 Year Returns
7.5%
DB:HWI
-2.6%
Europe Electric Utilities
-20.9%
DE Market
HWI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hawaiian Electric Industries (HWI) -4% -5.9% -5.4% 7.5% 21.6% 28.8%
Europe Electric Utilities 0.2% -18.2% -13.1% -2.6% 19.9% -3%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • HWI outperformed the Electric Utilities industry which returned -2.6% over the past year.
  • HWI outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
HWI
Industry
5yr Volatility vs Market

HWI Value

 Is Hawaiian Electric Industries 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 Hawaiian Electric Industries 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 Hawaiian Electric Industries.

DB:HWI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 1.344
Payout Ratio Company Filings (2019-12-31) 6737.6%
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:HWI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.245 (1 + (1- 21%) (52.64%))
0.563
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:HWI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Hawaiian Electric Industries is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:HWI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.34 / (3.96% - -0.39%)
$24.49
DB:HWI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HWI represents 0.89044x of NYSE:HE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89044x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 30.88 x 0.89044
€27.50
Value per share (EUR) From above. €27.50
Current discount Discount to share price of €38.20
= -1 x (€38.20 - €27.50) / €27.50
-38.9%

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

  • The current share price of Hawaiian Electric Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Hawaiian Electric Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hawaiian Electric Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HWI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.00
NYSE:HE Share Price ** NYSE (2020-04-06) in USD $42.9
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.33x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Hawaiian Electric Industries.

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

= NYSE:HE Share Price ÷ EPS (both in USD)

= 42.9 ÷ 2.00

21.45x

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

  • Hawaiian Electric Industries is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Hawaiian Electric Industries is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Hawaiian Electric Industries's expected growth come at a high price?
Raw Data
DB:HWI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Hawaiian Electric Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hawaiian Electric Industries's assets?
Raw Data
DB:HWI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $20.92
NYSE:HE Share Price * NYSE (2020-04-06) in USD $42.9
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.76x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:HWI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HE Share Price ÷ Book Value per Share (both in USD)

= 42.9 ÷ 20.92

2.05x

* Primary Listing of Hawaiian Electric Industries.

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

  • Hawaiian Electric Industries is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Hawaiian Electric Industries'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Hawaiian Electric Industries has a total score of 0/6, 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.

HWI Future Performance

 How is Hawaiian Electric Industries expected to perform in the next 1 to 3 years based on estimates from 3 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
4.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Hawaiian Electric Industries expected to grow at an attractive rate?
  • Hawaiian Electric Industries's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Hawaiian Electric Industries's earnings growth is positive but not above the Germany market average.
  • Hawaiian Electric Industries's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HWI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HWI Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.2%
DB:HWI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.3%
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:HWI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HWI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 558
2022-12-31 528
2021-12-31 2,867 502 2
2020-12-31 2,833 442 220 3
2020-04-07
DB:HWI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,875 512 218
2019-09-30 2,910 583 201
2019-06-30 2,907 524 204
2019-03-31 2,877 542 207
2018-12-31 2,861 499 202
2018-09-30 2,758 358 185
2018-06-30 2,663 355 179
2018-03-31 2,610 408 171
2017-12-31 2,556 420 165
2017-09-30 2,514 406 178
2017-06-30 2,487 444 245
2017-03-31 2,421 372 250

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hawaiian Electric Industries's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
  • Hawaiian Electric Industries's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:HWI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hawaiian Electric Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HWI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.42 2.42 2.42 1.00
2023-12-31 2.35 2.37 2.32 2.00
2022-12-31 2.28 2.35 2.22 3.00
2021-12-31 2.10 2.20 1.89 4.00
2020-12-31 2.00 2.05 1.94 6.00
2020-04-07
DB:HWI Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.00
2019-09-30 1.85
2019-06-30 1.87
2019-03-31 1.90
2018-12-31 1.85
2018-09-30 1.70
2018-06-30 1.64
2018-03-31 1.58
2017-12-31 1.52
2017-09-30 1.63
2017-06-30 2.25
2017-03-31 2.31

*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.
  • Unable to establish if Hawaiian Electric Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hawaiian Electric Industries'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 Europe 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.
Hawaiian Electric Industries 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.

HWI Past Performance

  How has Hawaiian Electric Industries 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 Hawaiian Electric Industries's growth in the last year to its industry (Electric Utilities).
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.
  • Hawaiian Electric Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Hawaiian Electric Industries's 1-year earnings growth exceeds its 5-year average (8% vs 4.7%)
  • Hawaiian Electric Industries's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (8% vs 7.2%).
Earnings and Revenue History
Hawaiian Electric Industries'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 Hawaiian Electric Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HWI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,874.60 217.88 2.81
2019-09-30 2,910.29 201.19 3.46
2019-06-30 2,906.80 203.67 4.09
2019-03-31 2,876.59 207.22 4.89
2018-12-31 2,860.85 201.77 5.96
2018-09-30 2,757.80 184.57 6.91
2018-06-30 2,662.93 178.74 7.56
2018-03-31 2,609.94 171.35 7.90
2017-12-31 2,555.63 165.30 7.94
2017-09-30 2,514.42 177.56 5.71
2017-06-30 2,487.29 244.63 3.78
2017-03-31 2,421.26 250.10 1.88
2016-12-31 2,380.65 248.26 7.66
2016-09-30 2,387.29 245.94
2016-06-30 2,458.41 169.47
2016-03-31 2,516.08 160.36
2015-12-31 2,602.98 159.88
2015-09-30 2,768.99 150.81
2015-06-30 2,918.91 147.95
2015-03-31 3,093.66 154.21
2014-12-31 3,239.54 168.13
2014-09-30 3,282.01 173.89
2014-06-30 3,244.08 174.32
2014-03-31 3,239.99 173.62
2013-12-31 3,238.47 161.71
2013-09-30 3,244.11 136.34
2013-06-30 3,282.67 135.81

*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.
  • Hawaiian Electric Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hawaiian Electric Industries used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Hawaiian Electric Industries has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hawaiian Electric Industries'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 Electric Utilities 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.
Hawaiian Electric Industries has a total score of 4/6, 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.

HWI Health

 How is Hawaiian Electric Industries'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 Hawaiian Electric Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hawaiian Electric Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hawaiian Electric Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hawaiian Electric Industries'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x 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 Hawaiian Electric Industries Company Filings, last reported 3 months ago.

DB:HWI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,314.55 2,265.19 197.11
2019-09-30 2,276.98 2,178.49 177.47
2019-06-30 2,242.88 2,207.41 199.02
2019-03-31 2,217.81 2,080.61 186.87
2018-12-31 2,196.57 2,063.67 169.30
2018-09-30 2,166.34 2,056.71 172.05
2018-06-30 2,137.31 2,112.80 254.91
2018-03-31 2,126.07 2,022.89 245.05
2017-12-31 2,131.68 1,992.60 262.01
2017-09-30 2,137.32 1,796.50 202.18
2017-06-30 2,109.32 1,856.58 210.52
2017-03-31 2,099.88 1,821.11 234.55
2016-12-31 2,101.05 1,811.64 278.90
2016-09-30 2,102.68 1,844.45 285.20
2016-06-30 2,000.48 1,967.71 258.00
2016-03-31 1,976.47 2,003.18 335.40
2015-12-31 1,961.93 2,010.01 300.86
2015-09-30 1,955.29 2,047.13 229.00
2015-06-30 1,932.81 1,945.25 301.14
2015-03-31 1,932.20 1,849.14 293.00
2014-12-31 1,824.87 1,916.17 175.94
2014-09-30 1,835.70 1,931.73 192.77
2014-06-30 1,795.17 1,945.58 188.38
2014-03-31 1,780.22 1,873.96 269.32
2013-12-31 1,761.36 1,842.94 220.52
2013-09-30 1,689.76 1,793.83 215.04
2013-06-30 1,658.94 1,736.55 153.71
  • Hawaiian Electric Industries's level of debt (97.9%) 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 (104.9% vs 97.9% today).
  • Debt is well covered by operating cash flow (22.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Hawaiian Electric Industries'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. Hawaiian Electric Industries has a total score of 4/6, 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.

HWI Dividends

 What is Hawaiian Electric Industries'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
3.08%
Current annual income from Hawaiian Electric Industries dividends. Estimated to be 3.13% next year.
If you bought €2,000 of Hawaiian Electric Industries shares you are expected to receive €62 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?
  • Hawaiian Electric Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Hawaiian Electric Industries's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
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:HWI 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 3 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:HWI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.34 1.00
2020-04-07
DB:HWI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-12 1.320 2.973
2019-08-01 1.280 2.829
2019-05-07 1.280 2.963
2019-02-28 1.280 3.158
2019-02-15 1.280 3.359
2018-11-01 1.240 3.333
2018-08-02 1.240 3.485
2018-02-02 1.240 3.654
2017-11-01 1.240 3.442
2017-08-02 1.240 3.656
2016-11-03 1.240 3.792
2016-08-03 1.240 4.166
2016-02-10 1.240 3.877
2015-11-05 1.240 4.325
2015-05-06 1.240 4.178
2015-02-11 1.240 3.832
2014-11-06 1.240 3.915
2014-08-08 1.240 4.770
2014-02-12 1.240 5.050
2013-08-07 1.240 4.827
2013-05-08 1.240 4.753
2013-02-07 1.240 4.527
2012-11-07 1.240 4.873
2012-08-03 1.240 4.633
2012-05-09 1.240 4.436
2012-02-08 1.240 4.846
2011-11-03 1.240 4.798
2011-08-04 1.240 5.179
2011-05-10 1.240 5.109
2011-02-11 1.240 5.021
2010-11-01 1.240 5.325
2010-08-09 1.240 5.350
2010-05-10 1.240 5.397
2010-02-12 1.240 5.608
2009-11-02 1.240 6.157
2009-08-07 1.240 6.912
2009-05-05 1.240 7.008

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hawaiian Electric Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hawaiian Electric Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Hawaiian Electric Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hawaiian Electric Industries has a total score of 4/6, see the detailed checks below.


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

HWI Management

 What is the CEO of Hawaiian Electric Industries'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
Connie Lau
COMPENSATION $4,902,901
AGE 66
TENURE AS CEO 13.9 years
CEO Bio

Ms. Constance Hee Lau, also known as Connie, serves as President and Chief Executive Officer of Hawaiian Electric Industries, Inc. in May 2006. She served as the Chairman of Hawaiian Electric Company, Inc. since May 2, 2006 until May 7, 2019. She has been the Chairman of American Savings Bank, F.S.B. since May 02, 2006. Ms. Lau joined the HEI companies in 1984, she served as Financial Vice President and Treasurer of HEI Power Corp. since May 1997 until August 1999. She served as Treasurer of HEI since April 1989 until October 1999 and served as its Assistant Treasurer since December 1987 until April 1989. She served as Treasurer of Hawaiian Electric Company, Inc. from December 1987 to April 1989 and also served as its Assistant Corporate Counsel from September 1984 to December 1987. In December 1999, she became a Director of American Savings Bank and served as its Senior Executive Vice President and Chief Operating Officer since December 1999 until May 2001, She served as the Chief Executive Officer of American Savings Bank since June 01, 2001 until November 15, 2010 and served as its President since June 2001 until January 2008. She also served President for American Savings Bank from September 09, 2010 to November 15, 2010. She also served as an HEI Director from June 2001 to December 2004, and has been serving as an HEI Director since May 2006. Ms. Lau serves as a Director of Matson, Inc. since 2004. Ms. Lau is a nationally recognized leader in the fields of critical infrastructure, resilience and physical and cyber security, banking and energy. Since 2012, Ms. Lau has chaired the National Infrastructure Advisory Council (NIAC). In energy, Ms. Lau was named 2011 Woman of the Year by the Women's Council on Energy and the Environment in Washington, D.C., and serves on the Boards of the Electric Power Research Institute, the Edison Electric Institute, and the Associated Electrical & Gas Insurance Services. In banking, Ms. Lau is a Member of the Federal Reserve Bank of San Francisco's Twelfth District Community Depository Institutions Advisory Council, and was one of U.S. Banker's 25 Most Powerful Women in Banking for 2004, 2005, and 2006 when she headed American Savings. In Hawaii, Ms. Lau was named Pacific Business News (PBN)'s 2004 Hawaii Business Leader of the Year, and in 2013, she was named one of PBN's 10 to Watch for her leadership in clean energy and transportation. Ms. Lau also serves on the Boards of the Hawaii Business Roundtable, the Asia-Pacific Center for Security Studies, Punahou School, and the Consuelo Foundation. She served as a Trustee for Kamehameha Schools Bishop Estate from 1999 to 2007. Ms. Lau graduated from Yale College with a B.S. in Administrative Sciences. She earned a Juris Doctor from the University of California Hastings College of the Law and a master's in business administration from Stanford Graduate School of Business. She is Chairman of the Board at ASB Hawaii, Inc. since 2013 and its Director since May 2006. Her Skills and qualifications for Hawaiian Electric Board service: • Intimate understanding of the Company from serving in various chief executive, chief operating and other executive, finance and legal positions at HEI and its operating subsidiaries for more than 30 years. • Familiarity with current management and corporate governance practices from her current service as a director for Matson, Inc., as a former director of Alexander & Baldwin, Inc., and as a director for AEGIS Insurance Services, Inc. • Experience with financial oversight and expansive knowledge of the Hawaii business community and the local communities that comprise the Company’s customer bases from serving as a director for various local industry, business development, educational and nonprofit organizations.

CEO Compensation
  • Connie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Connie's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hawaiian Electric Industries management team in years:

3
Average Tenure
55
Average Age
  • The tenure for the Hawaiian Electric Industries management team is about average.
Management Team

Connie Lau

TITLE
President
COMPENSATION
$5M
AGE
66
TENURE
13.9 yrs

Greg Hazelton

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
55
TENURE
3 yrs

Rich Wacker

TITLE
President
COMPENSATION
$2M
AGE
57
TENURE
9.4 yrs

Kurt Murao

TITLE
Executive VP

Julie Smolinski

TITLE
Director of Investor Relations & Strategic Planning

Tayne S. Sekimura

TITLE
Senior VP & CFO of Hawaiian Electric Company Inc.
COMPENSATION
$1M
AGE
56
TENURE
15.5 yrs

Paul Ito

TITLE
VP of Tax
AGE
48
TENURE
2.3 yrs

Scott Valentino

TITLE
President of Pacific Current
TENURE
2.3 yrs

Scott W. Seu

TITLE
President
AGE
53
TENURE
0.2 yrs

Clifford Chen

TITLE
Manager of Investor Relations & Strategic Planning
AGE
46
Board of Directors Tenure

Average tenure and age of the Hawaiian Electric Industries board of directors in years:

6.1
Average Tenure
66.5
Average Age
  • The tenure for the Hawaiian Electric Industries board of directors is about average.
Board of Directors

Jeff Watanabe

TITLE
Independent Non-Executive Chairman of the Board
COMPENSATION
$432K
AGE
76
TENURE
13.9 yrs

Connie Lau

TITLE
President
COMPENSATION
$5M
AGE
66
TENURE
13.9 yrs

Tom Fargo

TITLE
Former Non-Executive Chairperson
COMPENSATION
$211K
AGE
70
TENURE
0.9 yrs

Rich Wacker

TITLE
President
COMPENSATION
$2M
AGE
57
TENURE
9.4 yrs

Scott W. Seu

TITLE
President
AGE
53
TENURE
0.2 yrs

Peggy Fowler

TITLE
Independent Director
COMPENSATION
$210K
AGE
67
TENURE
8.9 yrs

Jim Scilacci

TITLE
Independent Director
COMPENSATION
$158K
AGE
64
TENURE
0.9 yrs

Keith Russell

TITLE
Independent Director
COMPENSATION
$213K
AGE
74
TENURE
8.9 yrs

Richard Dahl

TITLE
Independent Director
COMPENSATION
$194K
AGE
67
TENURE
3.3 yrs

Celeste Connors

TITLE
Independent Director
COMPENSATION
$149K
AGE
42
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Hawaiian Electric Industries 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 (€)
13. Mar 20 Buy ValueAct Capital Management L.P. Company 11. Mar 20 13. Mar 20 1,697,912 €37.87 €63,040,676
05. Mar 20 Sell Richard Wacker Individual 04. Mar 20 04. Mar 20 -40,000 €41.67 €-1,666,844
13. Sep 19 Sell Micah Kane Individual 12. Sep 19 12. Sep 19 -2,800 €40.39 €-113,079
15. Aug 19 Sell Jeffrey Watanabe Individual 14. Aug 19 14. Aug 19 -5,700 €39.70 €-226,156
X
Management checks
We assess Hawaiian Electric Industries'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. Hawaiian Electric Industries 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.

HWI News

Simply Wall St News

HWI Company Info

Description

Hawaiian Electric Industries, Inc., through its subsidiaries, engages in the electric utility and banking businesses primarily in the state of Hawaii. The company’s Electric Utility segment is involved in generating, purchasing, transmitting, distributing, and selling electric energy. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other bio fuels. This segment distributes and sells electricity on the islands of Oahu, Hawaii, Maui, Lanai, and Molokai; and serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. Its Bank segment operates a savings bank that offers banking and other financial services, including deposit products, such as savings accounts and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans to consumers and business. This segment operates 49 branches, including 34 branches in Oahu, 6 branches in Maui, 5 branches in Hawaii, 3 branches in Kauai, and 1 branch in Molokai. The company’s Other segment focuses on investing in non-regulated renewable energy and infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.

Details
Name: Hawaiian Electric Industries, Inc.
HWI
Exchange: DB
Founded: 1891
$4,329,761,283
109,145,492
Website: http://www.hei.com
Address: Hawaiian Electric Industries, Inc.
1001 Bishop Street,
Suite 2900,
Honolulu,
Hawaii, 96813,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HE Common Stock New York Stock Exchange US USD 02. Jan 1968
DB HWI Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
3,841
Hawaiian Electric Industries employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:12
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.