Hawaiian Electric Industries Inc. Common Stock (HE)

FairStock Score: 57/100 — STEADY

Key Financials

Strengths

• Generates $143 million in annual free cash flow (5.3% yield on market cap)
• Strong Piotroski F-Score of 8/9 indicating robust financial health across profitability, leverage, and efficiency metrics
• Revenue growth of 65.5% demonstrates strong top-line momentum

Concerns

• Altman Z-Score of 0.3 places it in the financial distress zone—elevated bankruptcy risk

AI Analysis

Hawaiian Electric Industries Inc. Common Stock is a small-cap utilities company valued at $2.7 billion. Revenue stands at $3.1 billion. From a quality standpoint, Hawaiian shows near-perfect Piotroski F-Score of 8/9 indicating exceptional financial health and distressed Altman Z-Score of 0.3 warrants caution. On valuation, the stock is reasonably priced at 21.7x earnings, with trades above its Graham Number with a negative 28% margin. Growth dynamics show revenue growing at 65.5% and profit growth of 161.0%. Our composite FairStock Score of 57/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

Hawaiian's 65% revenue growth trajectory could accelerate as it captures additional market share in the utilities sector. With $143 million in annual free cash flow (5.3% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.

Bear Case

Macro headwinds or sector-specific disruption could pressure margins, particularly if competitive intensity increases in the utilities space. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer