Hawaiian Electric Industries Stock Buy Hold or Sell Recommendation
| HE Stock | USD 10.83 0.08 0.73% |
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding Hawaiian Electric Industries is 'Hold'. Macroaxis provides Hawaiian Electric buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HE positions. The advice algorithm takes into account all of Hawaiian Electric's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Hawaiian Electric's buy or sell advice are summarized below:
Real Value 10.21 | Target Price 9.17 | Hype Value 10.82 | Market Value 10.83 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Hawaiian Electric Industries given historical horizon and risk tolerance towards Hawaiian Electric. When Macroaxis issues a 'buy' or 'sell' recommendation for Hawaiian Electric Industries, the advice is generated through an automated system that utilizes algorithms and statistical models.
Hawaiian |
Execute Hawaiian Electric Buy or Sell Advice
The Hawaiian recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Hawaiian Electric Industries. Macroaxis does not own or have any residual interests in Hawaiian Electric Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Hawaiian Electric's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Hawaiian Electric Trading Alerts and Improvement Suggestions
| Hawaiian Electric generated a negative expected return over the last 90 days | |
| Hawaiian Electric has a strong financial position based on the latest SEC filings | |
| About 61.0% of the company shares are owned by institutional investors | |
| Latest headline from clickondetroit.com: Takeaways from this weeks reports on the deadly 2023 Maui fire that destroyed Lahaina |
Hawaiian Electric Returns Distribution Density
The distribution of Hawaiian Electric's historical returns is an attempt to chart the uncertainty of Hawaiian Electric's future price movements. The chart of the probability distribution of Hawaiian Electric daily returns describes the distribution of returns around its average expected value. We use Hawaiian Electric Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Hawaiian Electric returns is essential to provide solid investment advice for Hawaiian Electric.
| Mean Return | -0.23 | Value At Risk | -3.96 | Potential Upside | 4.46 | Standard Deviation | 2.83 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Hawaiian Electric historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Hawaiian Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Hawaiian Electric is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hawaiian Electric Industries backward and forwards among themselves. Hawaiian Electric's institutional investor refers to the entity that pools money to purchase Hawaiian Electric's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Renaissance Technologies Corp | 2023-12-31 | 1.5 M | Assenagon Asset Management Sa | 2023-12-31 | 1.3 M | Jpmorgan Chase & Co | 2023-12-31 | 1.2 M | First Trust Advisors L.p. | 2023-12-31 | 1.2 M | Arrowstreet Capital Limited Partnership | 2023-12-31 | 1 M | Gabelli Funds Llc | 2023-12-31 | 920.8 K | Quinn Opportunity Partners Llc | 2023-12-31 | 788.7 K | D. E. Shaw & Co Lp | 2023-09-30 | 737.5 K | Jane Street Group, Llc | 2023-12-31 | 736.2 K | Vanguard Group Inc | 2023-12-31 | 10.9 M | Blackrock Inc | 2023-12-31 | 6.2 M |
Hawaiian Electric Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (11.5M) | 34.2M | (45.8M) | (87.6M) | 43.4M | 45.6M | |
| Change In Cash | 58.5M | 113.7M | (53.4M) | (111.6M) | 489.6M | 514.1M | |
| Free Cash Flow | 55.0M | 45.5M | 61.1M | 110.4M | 103.2M | 108.3M | |
| Other Non Cash Items | 3.6M | 13.5M | (28.4M) | (17.6M) | 563.5M | 591.7M | |
| Dividends Paid | 141.4M | 146.0M | 150.5M | 155.1M | 114.8M | 108.2M | |
| Capital Expenditures | 457.5M | 383.9M | 314.5M | 344.0M | 448.3M | 309.9M | |
| Net Income | 219.8M | 199.7M | 248.1M | 243.0M | 201.1M | 150.2M | |
| End Period Cash Flow | 227.7M | 341.4M | 305.6M | 199.9M | 694.6M | 729.3M | |
| Depreciation | 278.1M | 290.8M | 278.7M | 294.8M | 267.7M | 207.6M | |
| Change To Netincome | (1.5M) | 1.1M | (9.3M) | (37.9M) | (34.1M) | (32.4M) | |
| Investments | (111.6M) | (1.0B) | (849.0M) | (324.1M) | (1.2B) | (1.2B) | |
| Change Receivables | (64.3M) | 26.1M | 2.5M | (73.8M) | (66.4M) | (63.1M) | |
| Net Borrowings | 113.8M | 210.8M | 128.1M | 730.9M | 840.5M | 882.5M |
Hawaiian Electric Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hawaiian Electric or Electric Utilities sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hawaiian Electric's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Hawaiian stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.36 | |
β | Beta against NYSE Composite | 1.49 | |
σ | Overall volatility | 2.84 | |
Ir | Information ratio | -0.11 |
Hawaiian Electric Volatility Alert
Hawaiian Electric Industries exhibits very low volatility with skewness of -0.28 and kurtosis of 2.22. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hawaiian Electric's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hawaiian Electric's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Hawaiian Electric Implied Volatility
Hawaiian Electric's implied volatility exposes the market's sentiment of Hawaiian Electric Industries stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hawaiian Electric's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Hawaiian Electric stock will not fluctuate a lot when Hawaiian Electric's options are near their expiration.
Hawaiian Electric Fundamentals Vs Peers
Comparing Hawaiian Electric's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Hawaiian Electric's direct or indirect competition across all of the common fundamentals between Hawaiian Electric and the related equities. This way, we can detect undervalued stocks with similar characteristics as Hawaiian Electric or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Hawaiian Electric's fundamental indicators could also be used in its relative valuation, which is a method of valuing Hawaiian Electric by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Hawaiian Electric to competition |
| Fundamentals | Hawaiian Electric | Peer Average |
| Return On Equity | 0.0863 | -0.31 |
| Return On Asset | 0.0133 | -0.14 |
| Profit Margin | 0.05 % | (1.27) % |
| Operating Margin | 0.1 % | (5.51) % |
| Current Valuation | 4.59 B | 16.62 B |
| Shares Outstanding | 110.3 M | 571.82 M |
| Shares Owned By Insiders | 0.33 % | 10.09 % |
| Shares Owned By Institutions | 61.08 % | 39.21 % |
| Number Of Shares Shorted | 16.07 M | 4.71 M |
| Price To Earning | 22.25 X | 28.72 X |
| Price To Book | 0.50 X | 9.51 X |
| Price To Sales | 0.32 X | 11.42 X |
| Revenue | 3.68 B | 9.43 B |
| Gross Profit | 754.24 M | 27.38 B |
| EBITDA | 620.29 M | 3.9 B |
| Net Income | 201.13 M | 570.98 M |
| Cash And Equivalents | 199.88 M | 2.7 B |
| Cash Per Share | 1.46 X | 5.01 X |
| Total Debt | 4.04 B | 5.32 B |
| Debt To Equity | 1.27 % | 48.70 % |
| Current Ratio | 9.61 X | 2.16 X |
| Book Value Per Share | 21.29 X | 1.93 K |
| Cash Flow From Operations | 551.47 M | 971.22 M |
| Short Ratio | 7.20 X | 4.00 X |
| Earnings Per Share | 1.81 X | 3.12 X |
| Price To Earnings To Growth | 6.97 X | 4.89 X |
| Target Price | 9.75 | |
| Number Of Employees | 3.6 K | 18.84 K |
| Beta | 0.53 | -0.15 |
| Market Capitalization | 1.19 B | 19.03 B |
| Total Asset | 17.68 B | 29.47 B |
| Retained Earnings | 926.72 M | 9.33 B |
| Working Capital | 8.23 B | 1.48 B |
Note: Hawaiian Electric exotic insider transaction detected [view details]
Hawaiian Electric Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Hawaiian . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Hawaiian Electric Buy or Sell Advice
When is the right time to buy or sell Hawaiian Electric Industries? Buying financial instruments such as Hawaiian Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.6B | 3.4B | 4.0B | 2.2B | Total Assets | 15.8B | 16.3B | 17.7B | 11.3B |
Use Investing Ideas to Build Portfolios
In addition to having Hawaiian Electric in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Consumer Staples ETFs Thematic Idea Now
Consumer Staples ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Consumer Staples ETFs theme has 13 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumer Staples ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Hawaiian Electric Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Hawaiian Electric information on this page should be used as a complementary analysis to other Hawaiian Electric's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Hawaiian Stock analysis
When running Hawaiian Electric's price analysis, check to measure Hawaiian Electric's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hawaiian Electric is operating at the current time. Most of Hawaiian Electric's value examination focuses on studying past and present price action to predict the probability of Hawaiian Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hawaiian Electric's price. Additionally, you may evaluate how the addition of Hawaiian Electric to your portfolios can decrease your overall portfolio volatility.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
Is Hawaiian Electric's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hawaiian Electric. If investors know Hawaiian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hawaiian Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Dividend Share 1.08 | Earnings Share 1.81 | Revenue Per Share 33.554 | Quarterly Revenue Growth (0.06) |
The market value of Hawaiian Electric is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Electric's value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hawaiian Electric's market value can be influenced by many factors that don't directly affect Hawaiian Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hawaiian Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.