HE Hawaiian Electric Industries I...
Exchange
NYSESector
Public UtilitiesIndustry
Electric Utilities: CentralMarket Cap.
2.462B
Highly Competitive Industry over the past 10 years
It's likely that HE is in an industry with low barriers to entry, spurring high competition.
If Gross Margins are at least satisfactory, it's likely HE invests heavily in R&D and Sales, General & Administrative expenses.
Only $4.78 of every $100 of Revenue have been profit, on average over the past 10 years.
Only $4.78 of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Net Income | 118.22M | 114.18M | 109.65M | 126.69M | 108.00M | 84.78M | 90.28M | 83.01M | 115.43M | 140.12M |
| divided by | ||||||||||
| Revenue | 1.65B | 1.78B | 1.92B | 2.22B | 2.46B | 2.54B | 3.22B | 2.31B | 2.66B | 3.24B |
| Net Profit Margin | 7.15% | 6.41% | 5.70% | 5.72% | 4.39% | 3.34% | 2.80% | 3.59% | 4.33% | 4.32% |
Inconsistent Gross Profit Margins over the past 10 years
HE has good gross profit margins, however inconsistency of these margins is a cause for concern.
Look at reasons for this inconsistency to determine the likelihood of future sustainability.
$31.28 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
$31.28 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Gross Profit | 591.48M | 561.20M | 547.29M | 570.88M | 572.73M | 560.69M | 549.93M | 444.25M | 256.21M | 3.24B |
| divided by | ||||||||||
| Revenue | 1.65B | 1.78B | 1.92B | 2.22B | 2.46B | 2.54B | 3.22B | 2.31B | 2.66B | 3.24B |
| Gross Margin | 35.77% | 31.50% | 28.44% | 25.77% | 23.27% | 22.11% | 17.08% | 19.24% | 9.61% | 100.00% |
High Capital Intensity over the past 10 years
HE spends large amounts of capital buying new equipment or investing in new facilities to stay competitive.
Over the long term, those costs may have to be fuelled by debt.
Look at the growth of Shareholders' Equity to see if this strategy is having a positive or negative impact.
208.09% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
208.09% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |
| Capital Expenditure | 128.08M | 162.89M | 214.65M | 223.68M | 210.53M | 218.30M | 282.05M | 304.76M | 182.13M | 235.12M |
| divided by | ||||||||||
| Net Income | 118.22M | 114.18M | 109.65M | 126.69M | 108.00M | 84.78M | 90.28M | 83.01M | 115.43M | 140.12M |
| Capital Expenditure Ratio | 108.34% | 142.66% | 195.76% | 176.55% | 194.93% | 257.49% | 312.42% | 367.13% | 157.79% | 167.80% |