Critical Review: Haynes International (HAYN) & Its Competitors

Haynes International (NASDAQ: HAYN) is one of 61 publicly-traded companies in the “STEEL” industry, but how does it weigh in compared to its peers? We will compare Haynes International to related businesses based on the strength of its analyst recommendations, dividends, earnings, institutional ownership, risk, valuation and profitability.

Analyst Ratings

This is a summary of current ratings and target prices for Haynes International and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Haynes International 0 1 2 0 2.67
Haynes International Competitors 438 1406 1487 70 2.35

Haynes International currently has a consensus price target of $36.50, indicating a potential downside of 2.82%. As a group, “STEEL” companies have a potential upside of 17.50%. Given Haynes International’s peers higher probable upside, analysts clearly believe Haynes International has less favorable growth aspects than its peers.

Profitability

This table compares Haynes International and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Haynes International -8.18% -3.76% -1.88%
Haynes International Competitors -546.22% 10.40% 6.32%

Dividends

Haynes International pays an annual dividend of $0.88 per share and has a dividend yield of 2.3%. Haynes International pays out -34.0% of its earnings in the form of a dividend. As a group, “STEEL” companies pay a dividend yield of 2.1% and pay out 38.8% of their earnings in the form of a dividend. Haynes International is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.

Risk & Volatility

Haynes International has a beta of 1.34, suggesting that its stock price is 34% more volatile than the S&P 500. Comparatively, Haynes International’s peers have a beta of 1.72, suggesting that their average stock price is 72% more volatile than the S&P 500.

Valuation & Earnings

This table compares Haynes International and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Haynes International $395.21 million -$10.19 million -14.50
Haynes International Competitors $9.98 billion $425.72 million -5.01

Haynes International’s peers have higher revenue and earnings than Haynes International. Haynes International is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Institutional & Insider Ownership

98.6% of Haynes International shares are held by institutional investors. Comparatively, 52.9% of shares of all “STEEL” companies are held by institutional investors. 4.4% of Haynes International shares are held by insiders. Comparatively, 11.3% of shares of all “STEEL” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Summary

Haynes International peers beat Haynes International on 8 of the 14 factors compared.

Haynes International Company Profile

Haynes International, Inc. (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries. Its products consist of high-temperature resistant alloys (HTA) products and corrosion-resistant alloys (CRA) products. Its HTA products are used in manufacturing components for the hot sections of gas turbine engines. Its CRA products are used in a range of applications, such as chemical processing, power plant emissions control, hazardous waste treatment, sour gas production and pharmaceutical vessels. The Company has a four-high Steckel rolling mill used in hot rolling high-performance alloys. The Company has operations in the United States, Europe and China.

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