Hawaiian Electric Earnings: Higher Costs, Low Earned Returns Are Headwinds
Hawaiian Electric Industries reported second-quarter core operating earnings per share of $0.13, down from $0.20 in the year-ago period.
Hawaiian Electric Industries Inc HE
Bulls Say, Bears Say
Bulls
Regulation in Hawaii has improved. Performance-based ratemaking reduces earnings volatility while offering opportunities for management to earn incentives.
Bears
Wildfires in Hawaiian Electric's service territory have significantly increased investor risk.
News
Trading Information
- Previous Close Price
- $11.09
- Day Range
- $10.76–11.06
- 52-Week Range
- $10.76–17.38
- Bid/Ask
- $10.25 / $11.40
- Shares Outstanding
- 172.73M
- Market Cap
- $1.88B
- Volume/Avg
- 1 / 2M
Key Statistics
- Price/Earnings (Normalized)
- 14.73
- Price/Sales
- 0.58
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- Dividend Payment Schedule
- —
- Total Yield
- —
Company Profile
Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and owns a 10% minority interest in Hawaii's American Savings Bank. The utilities provide electricity on the islands of Oahu, Hawaii, Maui, Molokai, and Lanai.
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Stock Style Box
- Small Value
- Total Number of Employees
- 2,675
- Website
- https://www.hei.com
Competitors
Valuation
|
Metric
|
HE
|
EVRG
|
AEE
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.73 | 20.46 | 19.91 |
Price/Book Value | 1.07 | 1.85 | 2.16 |
Price/Sales | 0.58 | 3.18 | 3.36 |
Price/Cash Flow | — | 8.65 | 8.44 |
Price/Earnings
HE
EVRG
AEE
Financial Strength
|
Metric
|
HE
|
EVRG
|
AEE
|
|---|---|---|---|
Quick Ratio | 0.60 | 0.05 | 0.26 |
Current Ratio | 0.99 | 0.45 | 0.53 |
Interest Coverage | 3.06 | 2.48 | 3.04 |
Quick Ratio
HE
EVRG
AEE
Profitability
|
Metric
|
HE
|
EVRG
|
AEE
|
|---|---|---|---|
Return on Assets (Normalized) | 1.47% | 2.78% | 3.05% |
Return on Equity (Normalized) | 7.87% | 9.29% | 11.29% |
Return on Invested Capital (Normalized) | 4.48% | 6.14% | 6.51% |
Return on Assets
HE
EVRG
AEE
Utilities - Regulated Electric Industry Comparables
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United States