HE  Hawaiian Electric Industries I...

Exchange

NYSE

Sector

Public Utilities

Industry

Electric Utilities: Central

Market Cap.

2.462B

Poor Cash Return on Invested Capital over the past 5 years

HE has been unable to consistently generate sufficient returns from its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

HE has only created $0.73 of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20072008200920102011
Free Cash Flow -956,000.00 -24.13M -20.29M 158.59M 15.25M
divided by
Invested Capital 5.51B 4.07B 3.84B 3.61B 3.99B
Cash ROIC -0.02% -0.59% -0.53% 4.39% 0.38%

Poor Return on Equity over the past 5 years

HE has shown an inability to deliver strong results for shareholders. This could be due to poor management, HE operating in a highly competitive industry, or having a weak business in general.

HE has only generated $7.17 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20072008200920102011
Net Income 84.78M 90.28M 83.01M 115.43M 140.12M
divided by
Stockholders' Equity 1.28B 1.39B 1.44B 1.48B 1.53B
Return on Equity 6.65% 6.50% 5.76% 7.78% 9.15%

Mediocre Business Performance over the past 10 years

HE isn't a strong business and might be consistently attempting to fuel growth with debt or has trouble staying profitable. The lack of predictability in free cash flow should be concerning for the reliability of future earnings.

HE has been unable to consistently create value for shareholders.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Free Cash Flow 115.60M 72.00M 31.93M -8.09M 83.05M -956,000.00 -24.13M -20.29M 158.59M 15.25M