Hawaiian Electric Industries Show Stability Despite Population Decline
June 22, 2023
🌥️Trending News
Hawaiian Electric Industries ($NYSE:HE) (HEI) has shown remarkable stability and strength despite growing challenges across its business segments. Despite their success, they have faced a difficult challenge in recent years due to population decline.
However, Hawaiian Electric Industries has been able to maintain their level of stability and performance, thanks to their diversified portfolio of businesses. HEI owns two electric utilities, Hawaiian Electric and Maui Electric, as well as HEI Power Services, a renewable energy company. They also own American Savings Bank and Hawaiian Telcom, a telecommunications service provider. By diversifying their operations, HEI is able to mitigate the losses from any single sector, ensuring steady returns for their shareholders. Overall, Hawaiian Electric Industries has been able to demonstrate impressive stability despite the challenge of population decline. Their diversified portfolio of businesses has allowed them to maintain their level of performance and growth, ensuring steady returns for their shareholders. While the population decline may continue to be a hindrance in the coming years, Hawaiian Electric Industries is well-positioned to face the challenge head on.
Stock Price
The stock opened at $37.8 and closed at $37.6, down by 0.8% from its previous closing price of 37.8. This suggests that even with the population decline, the company is still performing relatively well. In addition, it indicates that investors have faith in the company’s ability to weather economic downturns. As the population in the area continues to decline, HEI may find ways to continue to provide reliable services and remain profitable in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HE. More…
| Total Revenues | Net Income | Net Margin |
| 3.89k | 226.69 | 5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HE. More…
| Operations | Investing | Financing |
| 327.93 | -324.08 | -19.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.28k | 14.08k | 20.1 |
Key Ratios Snapshot
Some of the financial key ratios for HE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 5.0% | 10.1% |
| FCF Margin | ROE | ROA |
| -0.0% | 11.1% | 1.5% |
Analysis
GoodWhale has conducted an analysis of HAWAIIAN ELECTRIC INDUSTRIES’s finances, and our Star Chart has classified the company as ‘rhino’, indicating that it has achieved moderate revenue or earnings growth. This type of company may be of interest to investors looking for steady returns, such as income investors seeking dividend income. We have assessed HAWAIIAN ELECTRIC INDUSTRIES to have a strong dividend, medium growth, profitability, and asset scores. Furthermore, its intermediate health score of 6/10 with regard to its cashflows and debt indicates that it is likely to sustain future operations in times of crisis. More…
Peers
Its competitors in the electric power industry include Pinnacle West Capital Corp, Evergy Inc, Federal Grid Co of Unified Energy System PJSC. HEI has a long history dating back to its founding in 1881 and is the largest electric utility in Hawaii, with over 400,000 customers.
– Pinnacle West Capital Corp ($NYSE:PNW)
Pinnacle West is an electric utility company headquartered in Phoenix, Arizona. It is the parent company of Arizona Public Service, the state’s largest electric utility. The company serves more than two million customers in Arizona.
Pinnacle West has a market capitalization of $7.61 billion as of 2022 and a return on equity of 9.57%. The company is the largest electric utility in Arizona and serves more than two million customers.
– Evergy Inc ($NYSE:EVRG)
Evergy Inc is a holding company that engages in the generation, transmission, and distribution of electricity in the United States. It operates through two segments: Kansas Operations and Missouri Operations. The company has a market cap of 13.95B as of 2022 and a ROE of 8.82%. Evergy Inc was founded in 1925 and is headquartered in Kansas City, Missouri.
Summary
Hawaiian Electric Industries (HEI) is a leading electric utility and bank holding company in Hawaii. HEI provides electric power to customers through Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company. HEI also operates a commercial banking business through its American Savings Bank subsidiary. From a financial perspective, HEI has displayed impressive stability over the years, with strong liquidity levels and solid financial performance.
However, population decline in Hawaii has posed a challenge for HEI, as customer demand has been affected. Despite these headwinds, HEI has shown resilience, as it continues to benefit from the stable regulatory environment in Hawaii. As a result, investors should consider HEI as a reliable long-term investing opportunity.
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