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Haynes International, Inc. (HAYN)
Key financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 435 | 490 | 381 | 338 | 490 | 590 | 614 |
| Operating profit | $m | 58 | 52 | |||||
| Net profit | $m | -22 | 10 | -6 | -9 | 45 | 42 | 38 |
| EPS reported | $ | 3.26 | 2.91 | |||||
| Operating cashflow per share | $ | -1.33 | -1.33 | |||||
| Capex per share | $ | 1.30 | 1.30 | |||||
| FCF per share | $ | -2.63 | -2.63 | |||||
| Free cash flow | $m | -33 | -3 | |||||
| Net debt | $m | 104 | 79 | |||||
| Book value equity | $m | 434 | 452 | |||||
| Book value per share | $ | 33.98 | 35.10 | |||||
| Number of shares | m | 12.78 | 12.88 | |||||
| DPS (TTM paid) | $ | 0.88 | 0.88 |
Financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 14.27 | - | |||||
| P/B LTM | x | 1.35 | 1.72 | |||||
| P/S LTM | x | 0.99 | 1.27 | |||||
| P/FCF LTM | x | -17.65 | -256.75 | |||||
| EV/EBITDA LTM | x | 8.92 | 12.00 | |||||
| EV/Sales LTM | x | 1.18 | 1.40 | |||||
| Earnings Yield LTM | % | 7.01% | 5.48% | |||||
| FCF Yield | % | -5.66% | -0.39% | |||||
| Quality | ||||||||
| ROE | % | 9.66% | 10.37% | |||||
| ROIC | % | 7.40% | 7.40% | |||||
| Operating margin | % | 9.76% | 9.76% | |||||
| Gross margin | % | 18.60% | 18.60% | |||||
| FCF/Sales | % | -5.61% | -5.61% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | -8.68% | -18.03% | |||||
| Sales Growth YoY | % | +20.29% | +7.18% | |||||
| Net Income Growth YoY | % | -6.90% | -16.95% | |||||
| FCF Growth | % | - | - | |||||
| Operating Profit Growth | % | +3.94% | -7.56% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 1.91% | 1.44% | |||||
| Dividend Growth | % | 0.00% | - | |||||
| Payout Ratio | % | 26.66% | 30.29% | |||||
| FCF/Debt | x | -0.27 | -0.03 | |||||
| Net Debt/EBITDA | x | 1.43 | 1.43 | |||||
| EBIT/Net interest | x | 7.59 | 7.59 | |||||
| Net debt/market cap | % | 17.81% | 10.11% | |||||
| Net debt/Equity | x | 0.24 | 0.17 | |||||
| Gross debt/equity | x | 0.28 | 0.22 | |||||
Company overview
Haynes International, Inc. is a leading producer and global supplier of advanced nickel and cobalt-based alloys. The company specializes in developing, manufacturing, and distributing these high-performance materials, initially offering them in sheet, coil, and plate forms. Its market reach extends internationally, with a strong presence across the United States, Europe, and Asia. The company's product line includes two primary categories: high-temperature resistant alloys (HTAs) and corrosion-resistant alloys (CRAs). HTAs are critical for manufacturers of demanding equipment, such as jet engines in the aerospace sector, gas turbine engines for power generation, and various industrial heating systems. CRAs, conversely, are essential for applications requiring resilience against corrosive environments, including chemical processing facilities, power plant emission control systems, and hazardous waste management. Beyond these core uses, Haynes International's alloys are also integral to a wide array of industries, such as flue-gas desulfurization, oil and gas exploration, waste incineration, industrial heat treating, the automotive sector, sensor and instrumentation manufacturing, biopharmaceuticals, solar energy, and nuclear fuel applications. In addition to their initial forms, the company also fabricates its products into seamless and welded tubulars, as well as slabs, bars, billets, and wires. Haynes International primarily sells its specialized alloys through its own direct sales organizations, complemented by a comprehensive network of independent distributors and sales agents. The company was established in 1912 and maintains its corporate headquarters in Kokomo, Indiana.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Haynes International, Inc. (HAYN)
Haynes International, Inc. is a leading producer and global supplier of advanced nickel and cobalt-based alloys. The company specializes in developing, manufacturing, and distributing these high-performance materials, initially offering them in sheet, coil, and plate forms. Its market reach extends internationally, with a strong presence across the United States, Europe, and Asia. The company's product line includes two primary categories: high-temperature resistant alloys (HTAs) and corrosion-resistant alloys (CRAs). HTAs are critical for manufacturers of demanding equipment, such as jet engines in the aerospace sector, gas turbine engines for power generation, and various industrial heating systems. CRAs, conversely, are essential for applications requiring resilience against corrosive environments, including chemical processing facilities, power plant emission control systems, and hazardous waste management. Beyond these core uses, Haynes International's alloys are also integral to a wide array of industries, such as flue-gas desulfurization, oil and gas exploration, waste incineration, industrial heat treating, the automotive sector, sensor and instrumentation manufacturing, biopharmaceuticals, solar energy, and nuclear fuel applications. In addition to their initial forms, the company also fabricates its products into seamless and welded tubulars, as well as slabs, bars, billets, and wires. Haynes International primarily sells its specialized alloys through its own direct sales organizations, complemented by a comprehensive network of independent distributors and sales agents. The company was established in 1912 and maintains its corporate headquarters in Kokomo, Indiana.
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