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Hawaiian Electric Industries Inc

Utilities US HE

9.62USD
-0.14(1.43%)

Last update at 2024-10-07T18:52:00Z

Day Range

9.669.90
LowHigh

52 Week Range

9.0641.85
LowHigh

Fundamentals

  • Previous Close 9.76
  • Market Cap1578.08M
  • Volume1551134
  • P/E Ratio7.58
  • Dividend Yield14.91%
  • EBITDA668.38M
  • Revenue TTM3744.91M
  • Revenue Per Share TTM34.18
  • Gross Profit TTM 754.24M
  • Diluted EPS TTM1.89

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 304.19M 310.86M 240.62M 271.41M 254.46M
Minority interest - 1.89M -1.89000M -1.89000M 1.89M
Net income 243.03M 248.06M 199.71M 219.77M 203.66M
Selling general administrative -4.41100M -5.84800M 3.21M 2.81M 5.96M
Selling and marketing expenses - - - - -
Gross profit 381.07M 386.07M 311.49M 348.67M 333.36M
Reconciled depreciation 260.74M 278.70M 290.78M 278.11M 255.63M
Ebit 381.07M 122.75M 311.49M 79.74M 338.27M
Ebitda 680.33M 401.45M 607.83M 357.86M 593.90M
Depreciation and amortization 299.25M 278.70M 296.34M 278.11M 255.63M
Non operating income net other - 9.53M 8.77M 11.99M 10.88M
Operating income 381.07M 122.75M 311.49M 79.74M 333.36M
Other operating expenses 3360.91M 2448.93M 2262.72M 2516.75M 2522.58M
Interest expense 99.99M 91.11M 85.70M 86.45M 83.81M
Tax provision 61.17M 62.81M 40.91M 51.64M 50.80M
Interest income 81.29M 81.05M 67.66M 74.46M 72.93M
Net interest income -99.98600M -91.11300M -85.70200M -86.44600M -83.81000M
Extraordinary items - - - 9.26M 9.54M
Non recurring - - - - -
Other items - - - - -
Income tax expense 61.17M 62.81M 40.91M 51.64M 50.80M
Total revenue 3741.99M 2850.38M 2579.78M 2874.60M 2860.85M
Total operating expenses -14.98500M -15.38200M -5.55800M -9.18100M -4.91500M
Cost of revenue 3360.91M 2464.31M 2268.28M 2525.93M 2527.49M
Total other income expense net -76.87800M 188.12M -70.86900M 191.67M 4.92M
Discontinued operations - - - - -
Net income from continuing ops 243.03M 248.06M 199.71M 219.77M 203.66M
Net income applicable to common shares 241.14M 246.17M 197.82M 217.88M 201.77M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 16284.24M 15822.64M 15004.01M 13745.25M 13104.05M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 5.87M 428.16M 324.77M 460.00M 1.80M
Total liab 14081.75M 13431.75M 12666.50M 11464.99M 10941.77M
Total stockholder equity 2202.50M 2390.88M 2337.50M 2280.26M 2162.28M
Deferred long term liab 190.24M 384.76M 395.09M 379.32M 372.52M
Other current liab 21.33M 19.89M 23.55M 24.94M 28.25M
Common stock 1692.70M 1685.50M 1678.37M 1678.26M 1669.27M
Capital stock 1692.70M 1685.50M 1678.37M 1678.26M 1669.27M
Retained earnings 845.83M 757.92M 660.40M 622.04M 543.62M
Other liab 5363.56M 5637.33M 5423.19M 4858.31M 5331.65M
Good will 82.19M 82.19M 82.19M 82.19M 82.19M
Other assets 0.00100M 1416.71M 1461.57M 1472.39M 1394.64M
Cash 199.88M 305.55M 341.42M 196.81M 169.21M
Cash and equivalents 199.88M 305.55M 341.42M 196.81M 169.21M
Total current liabilities 445.36M 279.43M 335.27M 431.28M 317.02M
Current deferred revenue - - - - -
Net debt 3228.10M 2295.45M 2157.19M 2267.94M 1894.46M
Short term debt 172.57M 54.00M 129.38M 185.71M 73.99M
Short long term debt 172.57M 54.00M 129.38M 185.71M 73.99M
Short long term debt total 3427.98M 2601.00M 2498.61M 2464.76M 2063.67M
Other stockholder equity -7.00000M -34.29300M -34.29300M -34.29300M -34.29300M
Property plant equipment 5802.69M 5392.07M 5265.73M 5109.63M 4830.12M
Total current assets 8054.01M 8380.68M 7871.53M 6841.41M 6676.12M
Long term investments 2706.80M 10.40M 2225.64M 6452.38M 6323.11M
Net tangible assets 2120.31M 2342.99M 2289.61M 2232.36M 2114.38M
Short term investments 1429.67M 2574.62M 1970.42M 1232.83M 1388.53M
Net receivables 6419.42M 5484.20M 5542.13M 5368.61M 5118.38M
Long term debt 3080.10M 2321.94M 2119.13M 1964.37M 1879.64M
Inventory -0.82400M -411.84600M -307.21700M -416.83800M -1.80500M
Accounts payable 251.46M 205.54M 182.35M 220.63M 214.77M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -336.02800M -52.53300M -1.26400M -20.03900M -50.61000M
Additional paid in capital - - - - -
Common stock total equity - 1685.50M 1678.37M 1678.26M 1669.27M
Preferred stock total equity - - - - -
Retained earnings total equity - 757.92M 660.40M 622.04M 543.62M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 1016.43M 747.47M 629.15M 649.88M 980.59M
Deferred long term asset charges - - - - -
Non current assets total 8230.23M 7441.96M 7132.48M 6903.84M 6427.93M
Capital lease obligations 175.31M 136.76M 160.43M 199.57M -
Long term debt total 2261.81M 2321.94M 2119.13M 1964.37M 1879.64M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -324.08500M -848.96400M -1030.48700M -111.56700M -285.32400M
Change to liabilities 28.17M 3.27M -22.09700M -7.53600M 42.40M
Total cashflows from investing activities -1128.68200M -1179.59200M -1413.64800M -541.70900M -792.05900M
Net borrowings 730.87M 128.13M 210.81M 113.78M 152.11M
Total cash from financing activities 567.67M 756.40M 1115.54M 87.72M 200.07M
Change to operating activities 45.68M -58.05800M -59.77300M 32.06M 45.61M
Net income 243.03M 248.06M 199.71M 219.77M 203.66M
Change in cash -111.58500M -53.42800M 113.74M 58.48M -92.67300M
Begin period cash flow 311.46M 358.98M 227.69M 169.21M 261.88M
End period cash flow 199.88M 305.55M 341.42M 227.69M 169.21M
Total cash from operating activities 454.48M 375.67M 429.41M 512.47M 499.31M
Issuance of capital stock 13.10M - - - 0.00000M
Depreciation 294.84M 278.70M 290.78M 278.11M 255.63M
Other cashflows from investing activities -784.64500M -330.62800M -383.16100M -430.14200M 30.63M
Dividends paid -155.11900M -150.53300M -145.98600M -141.35300M 136.88M
Change to inventory -87.56900M -45.81900M 34.20M -11.49300M 7.05M
Change to account receivables -151.55100M -73.81100M 2.53M 26.08M -64.32100M
Sale purchase of stock - - - - 0.00000M
Other cashflows from financing activities 931.60M 1066.06M 1717.15M 566.35M 1160.84M
Change to netincome -37.86900M -9.29500M 1.07M -1.46900M 0.72M
Capital expenditures 344.04M 314.52M 383.89M 457.52M 537.37M
Change receivables - -73.81100M 2.53M 26.08M -64.32100M
Cash flows other operating - -25.42500M -76.79200M 9.00M 54.17M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -47.51700M 131.29M 58.48M -92.67300M
Change in working capital -43.63400M -126.43200M -78.71600M 16.05M 39.30M
Stock based compensation 10.37M 9.13M 5.81M 9.99M 7.79M
Other non cash items -17.62300M -28.39000M 13.53M 3.63M 2.29M
Free cash flow 110.44M 61.15M 45.51M 54.95M -38.05700M

Peer Comparison

Sector: Utilities Industry: Utilities - Regulated Electric

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
HE
Hawaiian Electric Industries Inc
-0.14 1.43% 9.62 7.58 7.27 0.42 0.71 1.29 7.16
NEE
Nextera Energy Inc
-3.4 4.05% 80.45 15.77 17.61 4.52 2.61 7.10 12.28
SO
Southern Company
-1.59 1.76% 88.72 25.35 17.76 2.89 2.48 5.27 13.35
DUK
Duke Energy Corporation
-3.605 3.16% 110.44 20.54 16.34 2.60 1.59 5.34 11.98
NGG
National Grid PLC ADR
-1.05 1.58% 65.45 15.63 13.83 2.41 1.32 5.05 14.80

Reports Covered

Stock Research & News

Profile

Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and non-regulated renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates through three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings 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. This segment operates branches in Oahu, Maui, Hawaii, Kauai, and Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.

Hawaiian Electric Industries Inc

1001 Bishop Street, Honolulu, HI, United States, 96813

Key Executives

Name Title Year Born
Mr. Scott W. H. Seu Pres, CEO & Director 1966
Mr. Kurt K. Murao Exec. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. 1970
Ms. Ann C. Teranishi CEO, Pres & Director of American Savings Bank 1975
Mr. Paul K. Ito VP of Tax, Controller, Treasurer & Interim CFO 1971
Julie R. Smolinski VP of Investor Relations & Corp. Sustainability NA
Ms. Erin P. Kippen VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. NA
James P. Kelly VP of Gov., Community Relations & Corp. Communications NA
Ms. Jackie Ingamells VP of HR & Chief People Strategist NA
Ms. Tayne S. Y. Sekimura Sr. VP, CFO & Treasurer of Hawaiian Electric Company Inc. 1963
Avelino J. Halagao Jr. VP of Corp. and Community Advancement & Pres of HEI Charitable Foundation NA

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