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Haynes International

Nasdaq:HAYN
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAYN
Nasdaq
$257M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The last earnings update was 61 days ago. More info.


Add to Portfolio Compare Print
  • Haynes International has significant price volatility in the past 3 months.
HAYN Share Price and Events
7 Day Returns
6.4%
NasdaqGS:HAYN
11.6%
US Metals and Mining
12.5%
US Market
1 Year Returns
-39.4%
NasdaqGS:HAYN
-29.3%
US Metals and Mining
-12.7%
US Market
HAYN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Haynes International (HAYN) 6.4% -18.6% -42.4% -39.4% -45.3% -53.4%
US Metals and Mining 11.6% -18.7% -33.1% -29.3% -29.6% -13.8%
US Market 12.5% -14.7% -21.5% -12.7% 5.4% 17.5%
1 Year Return vs Industry and Market
  • HAYN underperformed the Metals and Mining industry which returned -29.3% over the past year.
  • HAYN underperformed the Market in United States of America which returned -12.7% over the past year.
Price Volatility
HAYN
Industry
5yr Volatility vs Market

Value

 Is Haynes International 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 Haynes International 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 Haynes International.

NasdaqGS:HAYN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGS:HAYN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.823 (1 + (1- 21%) (4.09%))
0.899
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.899 * 5.44%)
6.63%

Discounted Cash Flow Calculation for NasdaqGS:HAYN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Haynes International 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.

NasdaqGS:HAYN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.63%)
2020 36.53 Analyst x3 34.26
2021 37.58 Analyst x3 33.05
2022 38.46 Est @ 2.35% 31.72
2023 39.30 Est @ 2.16% 30.39
2024 40.10 Est @ 2.04% 29.08
2025 40.88 Est @ 1.95% 27.81
2026 41.65 Est @ 1.89% 26.57
2027 42.42 Est @ 1.84% 25.38
2028 43.18 Est @ 1.81% 24.23
2029 43.96 Est @ 1.79% 23.13
Present value of next 10 years cash flows $285.00
NasdaqGS:HAYN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $43.96 × (1 + 1.74%) ÷ (6.63% – 1.74%)
$914.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $914.08 ÷ (1 + 6.63%)10
$480.93
NasdaqGS:HAYN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $285.00 + $480.93
$765.93
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $765.93 / 12.47
$61.41
NasdaqGS:HAYN Discount to Share Price
Calculation Result
Value per share (USD) From above. $61.41
Current discount Discount to share price of $20.60
= -1 x ($20.60 - $61.41) / $61.41
66.5%

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

Current Discount
Amount off the current price Haynes International is available for.
Intrinsic value
>50%
Share price is $20.6 vs Future cash flow value of $61.41
Current Discount Checks
For Haynes International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Haynes International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Haynes International'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 Haynes International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Haynes International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HAYN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.17
NasdaqGS:HAYN Share Price ** NasdaqGS (2020-03-30) in USD $20.6
United States of America Metals and Mining Industry PE Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 7.78x
United States of America Market PE Ratio Median Figure of 2,942 Publicly-Listed Companies 12.96x

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

** Primary Listing of Haynes International.

NasdaqGS:HAYN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 20.6 ÷ 1.17

17.61x

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

  • Haynes International is overvalued based on earnings compared to the US Metals and Mining industry average.
  • Haynes International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Haynes International's expected growth come at a high price?
Raw Data
NasdaqGS:HAYN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
63.8%per year
United States of America Metals and Mining Industry PEG Ratio Median Figure of 22 Publicly-Listed Metals and Mining Companies -0.09x
United States of America Market PEG Ratio Median Figure of 2,006 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

NasdaqGS:HAYN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.61x ÷ 63.8%

0.28x

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

  • Haynes International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Haynes International's assets?
Raw Data
NasdaqGS:HAYN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $24.34
NasdaqGS:HAYN Share Price * NasdaqGS (2020-03-30) in USD $20.6
United States of America Metals and Mining Industry PB Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 1.07x
United States of America Market PB Ratio Median Figure of 5,143 Publicly-Listed Companies 1.26x
NasdaqGS:HAYN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.6 ÷ 24.34

0.85x

* Primary Listing of Haynes International.

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

  • Haynes International is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Haynes International'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Haynes International 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.

Future Performance

 How is Haynes International expected to perform in the next 1 to 3 years based on estimates from 2 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
63.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Haynes International expected to grow at an attractive rate?
  • Haynes International's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Haynes International's earnings growth is expected to exceed the United States of America market average.
  • Haynes International's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HAYN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HAYN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 63.8%
NasdaqGS:HAYN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3%
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGS:HAYN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HAYN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 495 51 29 2
2020-09-30 437 54 8 2
2020-03-31
NasdaqGS:HAYN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 492 43 15
2019-09-30 490 43 10
2019-06-30 483 28 6
2019-03-31 470 15 3
2018-12-31 453 0 -1
2018-09-30 435 -14 -22
2018-06-30 414 -12 -28
2018-03-31 399 -15 -32
2017-12-31 392 -7 -32
2017-09-30 395 8 -10
2017-06-30 402 39 -3
2017-03-31 405 47 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Haynes International's earnings are expected to grow significantly at over 20% yearly.
  • Haynes International's revenue is expected to grow by 3% 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
NasdaqGS:HAYN 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 2 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:HAYN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 1.85 2.33 0.90 3.00
2020-09-30 1.20 1.35 1.05 2.00
2020-03-31
NasdaqGS:HAYN Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.17
2019-09-30 0.78
2019-06-30 0.46
2019-03-31 0.22
2018-12-31 -0.07
2018-09-30 -1.76
2018-06-30 -2.23
2018-03-31 -2.61
2017-12-31 -2.59
2017-09-30 -0.83
2017-06-30 -0.28
2017-03-31 0.27

*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 Haynes International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Haynes International'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Haynes International has a total score of 3/6, 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.

Past Performance

  How has Haynes International 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 Haynes International's growth in the last year to its industry (Metals and Mining).
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.
  • Haynes International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Haynes International has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Haynes International has become profitable in the last year making it difficult to compare the US Metals and Mining industry average.
Earnings and Revenue History
Haynes International'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 Haynes International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HAYN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 491.60 14.57 48.86 3.64
2019-09-30 490.22 9.70 47.64 3.59
2019-06-30 482.89 5.73 39.30 3.44
2019-03-31 469.97 2.67 40.63 3.63
2018-12-31 452.70 -0.92 51.62 3.73
2018-09-30 435.33 -21.85 52.47 3.79
2018-06-30 413.78 -27.64 51.34 3.85
2018-03-31 398.64 -32.34 48.72 3.77
2017-12-31 391.55 -32.14 44.92 3.80
2017-09-30 395.21 -10.29 58.37 3.86
2017-06-30 401.97 -3.48 42.09 3.83
2017-03-31 405.25 3.28 40.74 3.80
2016-12-31 404.64 4.05 39.72 3.73
2016-09-30 406.36 4.97 39.68 3.70
2016-06-30 415.84 7.57 39.82 3.65
2016-03-31 435.85 11.35 43.02 3.61
2015-12-31 472.03 24.11 43.11 3.63
2015-09-30 487.64 30.21 42.57 3.60
2015-06-30 490.70 30.82 40.94 3.62
2015-03-31 495.72 26.37 38.61 3.61
2014-12-31 472.39 13.54 38.47 3.57
2014-09-30 455.41 3.72 38.69 3.56
2014-06-30 451.00 1.27 38.70 3.57
2014-03-31 448.30 4.45 38.38 3.56
2013-12-31 462.15 12.13 38.31 3.53
2013-09-30 482.75 21.39 38.17 3.51
2013-06-30 517.34 30.24 38.76 3.43

*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.
  • Haynes International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Haynes International used its assets less efficiently than the US Metals and Mining industry average last year based on Return on Assets.
  • Haynes International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Haynes International'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 Metals and Mining 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.
Haynes International has a total score of 1/6, 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.

Health

 How is Haynes International'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 Haynes International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Haynes International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Haynes International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Haynes International'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.
  • Haynes International has no debt, it does not need to be covered by short term assets.
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 Haynes International Company Filings, last reported 3 months ago.

NasdaqGS:HAYN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 303.63 0.00 33.62
2019-09-30 296.28 0.00 31.04
2019-06-30 330.14 0.00 22.05
2019-03-31 329.69 0.00 10.78
2018-12-31 328.62 0.00 11.61
2018-09-30 333.22 0.00 9.80
2018-06-30 306.71 0.00 14.58
2018-03-31 310.21 0.00 17.53
2017-12-31 310.69 0.00 33.97
2017-09-30 333.77 0.00 46.33
2017-06-30 306.00 0.00 48.48
2017-03-31 307.16 0.00 54.37
2016-12-31 307.72 0.00 62.96
2016-09-30 311.30 0.00 59.30
2016-06-30 336.93 0.66 44.42
2016-03-31 338.12 0.00 47.79
2015-12-31 339.94 0.66 48.26
2015-09-30 341.99 0.00 49.05
2015-06-30 366.42 0.75 47.24
2015-03-31 357.40 0.75 32.23
2014-12-31 349.37 0.63 38.37
2014-09-30 346.73 0.75 45.87
2014-06-30 352.58 0.77 52.40
2014-03-31 350.52 0.77 62.08
2013-12-31 352.54 0.77 81.02
2013-09-30 355.80 0.77 68.33
2013-06-30 314.46 0.98 43.57
  • Haynes International has no debt.
  • Haynes International has no debt compared to 5 years ago when it was 0.2%.
  • Haynes International has no debt, it does not need to be covered by operating cash flow.
  • Haynes International has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Haynes International'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. Haynes International has a total score of 6/6, 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.

Dividends

 What is Haynes International'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
4.27%
Current annual income from Haynes International dividends. Estimated to be 4.27% next year.
If you bought $2,000 of Haynes International shares you are expected to receive $85 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?
  • Haynes International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.98%).
  • Haynes International's dividend is below the markets top 25% of dividend payers in United States of America (5.49%).
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
NasdaqGS:HAYN 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 2 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

NasdaqGS:HAYN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.88 2.00
2020-09-30 0.88 2.00
2020-03-31
NasdaqGS:HAYN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-30 0.880 3.694
2019-11-14 0.880 2.596
2019-08-01 0.880 2.646
2019-01-31 0.880 2.731
2018-11-15 0.880 2.927
2018-05-03 0.880 2.394
2018-02-01 0.880 2.158
2017-11-16 0.880 2.640
2017-08-03 0.880 2.649
2017-05-04 0.880 2.478
2017-02-02 0.880 2.262
2016-11-17 0.880 2.033
2016-08-04 0.880 2.410
2016-05-05 0.880 2.748
2016-02-04 0.880 2.541
2015-11-19 0.880 2.560
2015-08-06 0.880 2.258
2015-05-07 0.880 1.877
2015-02-05 0.880 2.054
2014-11-20 0.880 1.993
2014-05-08 0.880 1.759
2014-02-07 0.880 1.707
2014-02-06 0.880 1.751
2013-08-09 0.880 1.758
2013-05-02 0.880 1.824
2012-11-15 0.880 1.710
2012-08-02 0.880 1.739
2012-05-03 0.880 1.694
2012-02-02 0.880 1.417
2011-11-17 0.880 1.533
2011-08-04 0.800 1.523
2011-05-05 0.800 1.388
2011-02-03 0.800 1.551
2010-11-18 0.800 1.891
2010-08-05 0.800 2.388
2010-02-08 0.800 2.476
2009-11-23 0.800 2.673

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 Haynes International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x 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 Haynes International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Haynes International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Haynes International 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.

Management

 What is the CEO of Haynes International'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
Michael Shor
COMPENSATION $2,419,118
AGE 59
TENURE AS CEO 1.8 years
CEO Bio

Mr. Michael L. Shor has been Chief Executive Officer and President at Haynes International, Inc since September 1, 2018. Mr. Shor served as Chairman of the Board at Haynes International, Inc. since February 2017 until September 1, 2018. and served its interim President and Chief Executive Officer since May 2018 until September 1, 2018. Mr. Shor served as a Special Advisor to the President and Chief Executive Officer at Carpenter Technology Corp. since June 2011. Mr. Shor served as Executive Vice President Advanced Metals Operations and Premium Alloys Operations at Carpenter Technology Corp., from October 21, 2008 to July 1, 2011. He served as Senior Vice President of AMO & PAO at Carpenter Technology Corp. He has a thirty-year career with Carpenter Technology. Mr. Shor served as Senior Vice President of Premium Alloys Operations at Carpenter Technology Corp. since July 26, 2007 and also served as its Senior Vice President of Engineered Products Operations since July 1, 2004 and as Senior Vice President of Specialty Alloys Operations from January 31, 2000 to June 20, 2004. Prior to that, Mr. Shor served at Specialty Alloys Operations as Vice President of Manufacturing Operations from March 3, 1997 to January 30, 2000 and also served as General Manager of Global Marketing and Product Services from July 13, 1995 to March 2, 1997 and General Manager of Marketing from October 1, 1994 to July 12, 1995. He has been an Independent Director at Haynes International, Inc. since August 01, 2012. He served as a Director of Leesport Financial Corp. from 2002 to May 30, 2007. From November 2016 through February 2018, Mr. Shor was a member of the board of AG&E Holdings Inc. since November 30, 2016 until February 1, 2018. He served as a Director of Leesport Bank (now, VIST Bank) until May 30, 2007. Mr. Shor served as a Director of VIST Financial Corp. from January 2002 to May 30, 2007. He holds a Bachelor's Degree in Metallurgical Engineering from Lafayette College and an MBA from St. Joseph's University.

CEO Compensation
  • Michael's compensation has increased in line with Haynes International recently becoming profitable.
  • Michael's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Haynes International management team in years:

7.9
Average Tenure
58
Average Age
  • The average tenure for the Haynes International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Shor

TITLE
President
COMPENSATION
$2M
AGE
59
TENURE
1.8 yrs

Dan Maudlin

TITLE
VP of Finance
COMPENSATION
$922K
AGE
53
TENURE
7.3 yrs

Dave Strobel

TITLE
Vice President of Operations
COMPENSATION
$656K
AGE
58
TENURE
1.4 yrs

Venky Ishwar

TITLE
Vice President of Marketing & Technology
COMPENSATION
$913K
AGE
67
TENURE
10.2 yrs

Marlin Losch

TITLE
Vice President of Sales & Distribution
COMPENSATION
$864K
AGE
59
TENURE
10.2 yrs

David Van Bibber

TITLE
Controller & Chief Accounting Officer
AGE
48
TENURE
7.3 yrs

Greg Tipton

TITLE
VP & Chief Information Officer
AGE
58
TENURE
1.2 yrs

Janice Gunst

TITLE
VP, General Counsel & Corporate Secretary
AGE
47
TENURE
8.6 yrs

Jean Neel

TITLE
Vice President of Corporate Affairs
AGE
60
TENURE
19.8 yrs

Scott Pinkham

TITLE
Vice President of Tube & Wire Products
COMPENSATION
$602K
AGE
52
TENURE
16 yrs
Board of Directors Tenure

Average tenure and age of the Haynes International board of directors in years:

5.1
Average Tenure
60
Average Age
  • The tenure for the Haynes International board of directors is about average.
Board of Directors

Robert Getz

TITLE
Independent Chairman of the Board
COMPENSATION
$204K
AGE
56
TENURE
1.4 yrs

Michael Shor

TITLE
President
COMPENSATION
$2M
AGE
59
TENURE
7.6 yrs

William Wall

TITLE
Independent Director
COMPENSATION
$207K
AGE
57
TENURE
15.6 yrs

Donald Campion

TITLE
Independent Director
COMPENSATION
$201K
AGE
70
TENURE
15.6 yrs

Dawne Hickton

TITLE
Independent Director
COMPENSATION
$194K
AGE
61
TENURE
2.7 yrs

Larry Spencer

TITLE
Independent Director
AGE
65
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Haynes International individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Feb 20 Buy Robert Getz Individual 04. Feb 20 04. Feb 20 1,000 $27.50 $27,500
05. Feb 20 Buy Michael Shor Individual 04. Feb 20 04. Feb 20 2,000 $27.66 $55,320
17. Dec 19 Sell William Wall Individual 13. Dec 19 16. Dec 19 -2,801 $37.97 $-106,172
X
Management checks
We assess Haynes International'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. Haynes International 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.

News

Simply Wall St News

Dividend Investors: Don't Be Too Quick To Buy Haynes International, Inc. (NASDAQ:HAYN) For Its Upcoming Dividend

Haynes International's upcoming dividend is US$0.22 a share, following on from the last 12 months, when the company distributed a total of US$0.88 per share to shareholders. … We need to see whether the dividend is covered by earnings and if it's growing. … See our latest analysis for Haynes International Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut.

Simply Wall St -

Is Haynes International, Inc. (NASDAQ:HAYN) At Risk Of Cutting Its Dividend?

Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … Haynes International paid out 58% of its free cash flow last year, which is acceptable, but is starting to limit the amount of earnings that can be reinvested into the business. … Earnings per share have not been growing, but we respect a company that maintains a relatively stable dividend.

Simply Wall St -

Haynes International (NASDAQ:HAYN) Has A Pretty Healthy Balance Sheet

NasdaqGS:HAYN Historical Debt, July 30th 2019 A Look At Haynes International's Liabilities We can see from the most recent balance sheet that Haynes International had liabilities of US$66.4m falling due within a year, and liabilities of US$191.7m due beyond that. … Haynes International has a market capitalization of US$376.0m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. … Haynes International may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt.

Simply Wall St -

Haynes International, Inc. (NASDAQ:HAYN) Has Attractive Fundamentals

For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Haynes International here. … Take a look at our free research report of analyst consensus for HAYN’s outlook. … Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

Simply Wall St -

Those Who Purchased Haynes International (NASDAQ:HAYN) Shares Five Years Ago Have A 45% Loss To Show For It

View our latest analysis for Haynes International To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … During five years of share price growth, Haynes International moved from a loss to profitability. … But if the market expected durable top line growth, then that could explain the share price weakness.

Simply Wall St -

Examining Haynes International, Inc.’s (NASDAQ:HAYN) Weak Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Haynes International: 0.016 = US$8.3m ÷ (US$588m - US$66m) (Based on the trailing twelve months to March 2019.) Therefore, Haynes International has an ROCE of 1.6%. … Do Haynes International's Current Liabilities Skew Its ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Read This Before Judging Haynes International, Inc.'s (NASDAQ:HAYN) ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Haynes International: 0.8% = US$2.7m ÷ US$330m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Haynes International Have A Good Return On Equity? … Haynes International's Debt And Its 0.8% ROE While Haynes International does have a tiny amount of debt, with debt to equity of just 0.024, we think the use of debt is very modest.

Simply Wall St -

Should You Buy Haynes International, Inc. (NASDAQ:HAYN) For Its 2.7% Dividend?

Investors might not know much about Haynes International's dividend prospects, even though it has been paying dividends for the last nine years and offers a 2.7% yield. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. It's not great to see that Haynes International's have fallen at approximately 34% over the past five years. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company is taking steps to stabilise the situation. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … In this analysis, Haynes International doesn't shape up too well as a dividend stock.

Simply Wall St -

One Thing To Remember About The Haynes International, Inc. (NASDAQ:HAYN) Share Price

(NASDAQ:HAYN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Introducing Haynes International, The Stock That Dropped 30% In The Last Five Years

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Other metrics may better explain the share price move. … That could explain the weak share price.

Simply Wall St -

Company Info

Description

Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment. The company’s CRA products are used in various applications, including chemical processing, power plant emissions control, and hazardous waste treatment. Its products also have applications in flue-gas desulfurization, oil and gas, waste incineration, industrial heat treating, automotive, instrumentation, biopharmaceuticals, and solar and nuclear fuel industries. In addition, the company produces products as seamless and welded tubulars, as well as in slab, bar, billet, and wire forms. It sells its products primarily through direct sales organizations, and network of independent distributors and sales agents. Haynes International, Inc. was founded in 1912 and is headquartered in Kokomo, Indiana.

Details
Name: Haynes International, Inc.
HAYN
Exchange: NasdaqGS
Founded: 1912
$256,943,223
12,472,972
Website: http://www.haynesintl.com
Address: Haynes International, Inc.
1020 West Park Avenue,
PO Box 9013,
Kokomo,
Indiana, 46904,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HAYN Common Stock Par Value 0.001 Nasdaq Global Select US USD 21. Sep 2004
DB HYVN Common Stock Par Value 0.001 Deutsche Boerse AG DE EUR 21. Sep 2004
Number of employees
Current staff
Staff numbers
1,179
Haynes International employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 03:07
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/01/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


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.