Hawaiian Electric Industries, Inc. HE
- Market cap
- $1.6B
- P/E
- 7.0×
Follow HE
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.30 | 31.71 | 31.72 | 35.06 | 31.83 | 32.96 | 33.18 | 9.06 | 7.61 | 8.14 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 34.98 | 38.72 | 39.35 | 47.64 | 55.15 | 45.97 | 44.72 | 43.71 | 18.19 | 13.41 |
High Price
|
|||
| 3,796 | 3,880 | 3,898 | 3,841 | 3,702 | 2,504 | 3,756 | 3,706 | 2,602 | 2,675 |
Employees
|
|||
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 2,381 | 2,556 | 2,861 | 2,874 | 2,580 | 2,850 | 3,421 | 3,288 | 3,220 | 3,087 |
Revenue
|
|||
| 24.21% | 21.97% | 19.43% | 20.26% | 22.60% | 20.71% | 9.11% | 9.74% | (49.65%) | 9.57% |
Gross Margin
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|||
| 374 | 277 | 254 | 271 | 241 | 311 | 202 | 182 | (1,792) | 167 |
EBT
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|||
| 15.70% | 10.82% | 8.89% | 9.44% | 9.33% | 10.91% | 5.90% | 5.55% | (55.64%) | 5.41% |
EBT Margin
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| 250 | 167 | 204 | 220 | 200 | 248 | 243 | 201 | (1,424) | 126 |
Net Income
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|||
| 205 | 222 | 256 | 278 | 291 | 279 | 270 | 282 | 294 | 299 |
Depreciation
|
|||
| 22.02 | 23.50 | 26.28 | 26.38 | 23.64 | 26.08 | 31.26 | 29.96 | 25.37 | 17.89 |
Revenue/Sh
|
|||
| 2.30 | 1.52 | 1.85 | 2.00 | 1.81 | 2.25 | 2.20 | 1.82 | (11.23) | 0.71 |
Earnings/Sh
|
|||
| 4.59 | 3.87 | 4.59 | 4.70 | 3.93 | 3.44 | 3.05 | 4.04 | 3.37 | 2.27 |
Cash Flow/Sh
|
|||
| (2.75) | (3.96) | (4.66) | (4.01) | (3.52) | (2.88) | (3.10) | (4.03) | (2.71) | (1.98) |
Capex/Sh
|
|||
| 1.83 | (0.09) | (0.07) | 0.70 | 0.42 | 0.56 | (0.05) | 0.01 | 0.66 | 0.29 |
Free CF/Sh
|
|||
| 19.12 | 19.29 | 19.86 | 20.93 | 21.42 | 21.88 | 20.13 | 21.37 | 11.65 | 9.31 |
Book Value/Sh
|
|||
| 108 | 109 | 109 | 109 | 109 | 109 | 109 | 110 | 127 | 173 |
Shares
|
|||
| 14.36 | 23.40 | 19.69 | 23.43 | 19.45 | 18.44 | 19.06 | 8.51 | 0.00 | 17.32 |
PE Ratio
|
|||
| 1.49 | 1.51 | 1.39 | 1.78 | 1.50 | 1.59 | 1.34 | 0.51 | 0.38 | 0.69 |
PS Ratio
|
|||
| 1.72 | 1.84 | 1.84 | 2.24 | 1.65 | 1.90 | 2.08 | 0.72 | 0.84 | 1.32 |
PB Ratio
|
|||
| 2.14 | 2.19 | 2.06 | 2.49 | 2.26 | 2.35 | 2.23 | 1.40 | 1.01 | 1.31 |
EV/Sales
|
|||
| 25.65 | (559.17) | (788.51) | 93.97 | 128.35 | 109.37 | (1,351.51) | 7,183.39 | 38.96 | 81.35 |
EV/FCF
|
|||
| 496 | 420 | 499 | 512 | 429 | 376 | 334 | 443 | 428 | 391 |
Op' Cash Flow
|
|||
| (297) | (430) | (507) | (436) | (384) | (315) | (339) | (443) | (344) | (341) |
Capex
|
|||
| 198 | (10) | (7) | 76 | 46 | 61 | (6) | 1 | 84 | 50 |
FCF
|
|||
| (692) | (5,883) | (6,089) | (6,278) | (7,143) | (7,874) | (8,641) | 447 | 810 | 457 |
Working Cap'
|
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| 1,812 | 1,993 | 2,064 | 2,265 | 2,338 | 2,464 | 3,253 | 3,174 | 3,275 | 2,916 |
Total Debt
|
|||
| 1,533 | 1,731 | 1,894 | 2,038 | 1,979 | 2,153 | 3,048 | 2,915 | 2,032 | 1,935 |
Net Debt
|
|||
| 2,067 | 2,097 | 2,162 | 2,280 | 2,338 | 2,391 | 2,202 | 2,345 | 1,479 | 1,606 |
Sh' Equity
|
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| 2.05% | 1.32% | 1.57% | 1.62% | 1.38% | 1.60% | 1.50% | 1.19% | (10.90%) | 1.38% |
ROA
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| 6.18% | 5.65% | 5.14% | 5.04% | 4.51% | 5.31% | 3.33% | 3.27% | (30.38%) | 4.15% |
ROIC
|
|||
| 12.43% | 7.94% | 9.47% | 9.81% | 8.57% | 10.41% | 10.50% | 8.76% | (74.58%) | 7.98% |
ROE
|
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Hawaiian Electric Industries, Inc. peers in Utilities Regulated Electric
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|---|---|---|---|
| CEPU Central Puerto S.A. Sponsored ADR | $2.0B | 4.9× | Compare |
| MGEE MGE Energy Inc. | $2.6B | 17.2× | Compare |
| CIG Comp En De Mn Cemig ADS | $4.0B | 4.9× | Compare |
| NWE NorthWestern Corporation | $4.2B | 24.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) | $486.9M | 5.3× | Compare |
| IMSR Terrestrial Energy Inc. | $464.0M | 0.0× | Compare |
| POR Portland General Electric Company | $5.4B | 20.5× | Compare |
| ENIC Enel Chile S.A. | $5.9B | 10.2× | Compare |
Hawaiian Electric Industries, Inc. (HE) key facts
- Hawaiian Electric Industries, Inc. (HE) is an Utilities Regulated Electric company in the Utilities sector, listed on the New York Stock Exchange.
- Hawaiian Electric Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, down 4.13% from fiscal 2024.
- As of September 25, 2026, HE traded at $9.10, a market capitalization of $1.6 billion.
- Hawaiian Electric Industries, Inc. pays an annual dividend of $1.40 per share, a yield of 11.0%, with a payout ratio of 67.9%.
- Return on equity was 7.98% and debt-to-equity 1.57.
Hawaiian Electric Industries, Inc. (HE) Latest News
21 Sep
HEI monetized about 30% of its 9.9% stake in American Savings Bank (ASB) in ASB's Sept. 2026 IPO, selling roughly 2.0 million shares for $29.5 million net. The underwriters may purchase up to 293,904 additional shares for up to about $4.4 million more. Based on ASB's $17.57 close on Sept. 18, 2026, HEI's remaining 6.4% stake is valued at about $73.5 million and is subject to a 180-day lockup. Proceeds reduce the need for future Maui wildfire settlement financing; HEI will consider monetizing the rest after lockup depending on market conditions. CEO Scott Seu called the move a liquidity improvement. ASB, formerly HEI-owned, began trading on the NYSE after its Sept. 16, 2026 IPO; HEI sold 90.1% of ASB on Dec 31, 2024. Provides immediate liquidity and reduces future capital needs for Maui wildfire settlement, potentially improving HEI's funding flexibility and investor sentiment.
17 Aug
Hawaiian Electric’s second quarter results show surface-level figures that conceal deeper operational and financial challenges for the company. Earnings masking ongoing difficulties point to moderate effects on financial performance and investor views without fully altering long-term path.
15 Aug
Hawaiian Electric Industries (HE) earnings reinforce the company's undervalued narrative. Earnings reinforce valuation focus but do not alter core operations or long-term trajectory.
14 Aug
Hawaiian Electric (HE) held its Q2 2026 earnings call covering financial results, operations, and outlook for the Hawaii utility. Earnings call updates on results and strategy can shift near-term investor sentiment and stock movement for HE.
8 Aug
Hawaiian Electric Industries, Inc. discussed Q2 2026 financial results and outlook during its earnings call. Quarterly earnings updates offer performance details that moderately shape near-term investor views.
Hawaiian Electric Industries reported Q2 results during its earnings call, covering financial performance, operations and outlook. Q2 earnings call highlights deliver financial and operational updates that moderately influence near-term market views.
Hawaiian Electric Industries Inc (HE) reported Q2 2026 earnings call highlights focused on strategic progress. Strategic progress updates from earnings call point to moderate effects on financials and positioning.
7 Aug
Hawaiian Electric Industries reported its second quarter 2026 financial results. Quarterly earnings releases typically move stock prices and near-term sentiment.
17 Jul
Hawaiian Electric Industries plans expansion of renewable energy and storage projects on Oahu, Hawaii Island and Maui. Renewables and storage expansion marks major strategic move in core operations that can alter long-term trajectory.
12 May
Hawaiian Electric Industries (HE) valuation reassessed after Maui wildfire settlement resolves major liabilities and company issues higher cost guidance amid ongoing challenges. Maui settlement eliminates key legal overhang while higher cost guidance signals financial pressures that could reshape HE's trajectory and investor sentiment.
11 May
Hawaiian Electric Industries shares fell after issuing higher operational cost guidance for 2026. Higher 2026 operational costs guidance triggered share decline, moderately affecting financial performance and investor sentiment.
10 May
Hawaiian Electric Industries released Q1 earnings call highlights, covering financial results, operational updates, wildfire litigation progress, regulatory matters, and reaffirmed 2024 earnings guidance. Q1 earnings highlights detail financial performance, wildfire cost updates, and guidance reaffirmation, likely driving significant shifts in investor sentiment and stock trajectory.
9 May
Hawaiian Electric Industries, Inc. (HE) held its Q1 2026 earnings call, covering financial results, operational updates, and forward-looking guidance for the utility business. Earnings call delivers updated financials and outlook that can moderately shift near-term investor views without indicating major strategic shifts.
8 May
Hawaiian Electric Industries, Inc. (HEI) reported first quarter 2026 results. Quarterly earnings results directly affect financial performance and investor sentiment for HEI.
2 Mar
Hawaiian Electric Industries (HE) valuation improves as profitability returns and wildfire settlement progresses. Returning profitability and wildfire settlement progress significantly enhance HE's valuation and future market performance.
28 Feb
Hawaiian Electric Industries, Inc. Q4 2025 earnings call summary covers quarterly financial results, operational updates, and forward guidance for the utility provider. Q4 earnings call summary discloses financial performance and outlook directly shaping investor expectations and stock trajectory.
Hawaiian Electric Industries released highlights from its Q4 earnings call, covering financial results, operational updates, and future outlook. Q4 earnings call highlights disclose financial performance and strategic guidance with significant potential to influence investor sentiment and company trajectory.
Hawaiian Electric Industries Inc (HE) Q4 2025 earnings call highlights navigating operational challenges, financial pressures, and strategic responses amid wildfires fallout and regulatory scrutiny. Q4 earnings highlights disclose financial results and strategic updates that significantly shape investor sentiment and stock trajectory.
27 Feb
Hawaiian Electric Industries (HEI) released Q4 earnings snapshot. Q4 earnings snapshots reveal key financial metrics that significantly influence stock price and future performance expectations.
Hawaiian Electric Industries, Inc. (HEI) reported fourth quarter and full-year 2025 financial results. Quarterly and annual earnings disclosures significantly shape investor sentiment and stock valuation.
11 Feb
Hawaiian Electric Industries, Inc. (HE) is experiencing growth in its Return on Capital Employed (ROCE), which is attracting investor attention. Analysts emphasize the importance of sustaining this growth to enhance the company's financial performance and market position. The focus on ROCE indicates a strategic approach to capital efficiency, which could lead to improved profitability and investor confidence in the long term. Sustained growth in ROCE is likely to significantly impact financial performance and investor sentiment.
2 Feb
Hawaiian Electric Industries, Inc. (HE) is positioned for growth due to its strategic initiatives aimed at enhancing renewable energy integration and improving infrastructure resilience. The company is focusing on expanding its clean energy portfolio, which aligns with state mandates for sustainability. Recent investments in technology and partnerships are expected to bolster operational efficiency and customer engagement. Additionally, HE's commitment to community support and disaster preparedness is likely to strengthen its reputation and customer loyalty, potentially leading to increased market share and profitability in the long term. Strategic initiatives and investments in renewable energy and infrastructure are expected to significantly impact future performance and investor sentiment.
22 Jan
Hawaiian Electric Industries, Inc. (HE) faces a downgrade in its wildfire liability, raising concerns among shareholders about potential financial repercussions. The downgrade reflects the company's increased risk exposure due to recent wildfires in Hawaii, which could lead to significant liabilities. Investors are advised to closely monitor the situation as it may impact the company's financial stability and market performance moving forward. The downgrade in wildfire liability is likely to significantly affect the company's financial outlook and investor sentiment.
21 Jan
Hawaiian Electric Industries, Inc. (HE) faces valuation challenges following a downgrade by Jefferies amid ongoing legislative uncertainties. The downgrade raises concerns about the company's financial outlook and market position, particularly in light of potential regulatory changes that could impact operations. Investors are advised to consider these factors as they assess HE's future performance. Legislative uncertainties and a downgrade from Jefferies could significantly impact Hawaiian Electric's financial performance and market sentiment.
20 Jan
Hawaiian Electric Industries, Inc. (HE) experienced a significant stock decline due to concerns over its financial stability following the recent wildfires in Maui. The company faces scrutiny regarding its infrastructure and potential liabilities related to the disaster. Investors are worried about the impact of these events on HE's future earnings and operational capabilities, leading to a sell-off in shares. Analysts are closely monitoring the situation as it unfolds, with many questioning the company's ability to recover from the financial repercussions of the wildfires. The wildfires pose significant financial and operational challenges that could alter the company's trajectory and investor sentiment.
7 Jan
Hawaiian Electric Industries, Inc. (HE) has reached a settlement regarding wildfire-related litigation with its shareholders. The settlement aims to resolve claims that the company misled investors about its preparedness for wildfires and the associated risks. This legal resolution comes amid ongoing scrutiny of the company's practices and financial disclosures, particularly in light of recent devastating wildfires in Hawaii. The terms of the settlement have not been disclosed, but it is expected to alleviate some of the legal pressures facing HE. The settlement addresses significant legal risks that could impact financial performance and investor sentiment.
19 Dec
Hawaiian Electric Industries, Inc. faces significant wildfire liability concerns that could impact its financial stability and market performance. As the company navigates these challenges, analysts are debating whether its projected rebound in 2025 is justified. The potential for substantial liabilities from recent wildfires raises questions about the company's future profitability and operational strategies, leading to increased scrutiny from investors and regulators alike. Wildfire liability concerns could significantly alter the company's financial outlook and investor sentiment.
18 Dec
Hawaiian Electric Industries, Inc. (HE) has received an upgrade in its Relative Strength Rating, indicating improved performance relative to other stocks. This upgrade reflects positive market sentiment and may enhance investor confidence in the company's future prospects. The rating change suggests that HE is gaining traction in the market, potentially leading to increased interest from investors. The upgrade in Relative Strength Rating indicates a moderately noticeable influence on market sentiment and investor confidence.
8 Dec
Hawaiian Electric Industries, Inc. (HE) experienced a significant surge in stock price due to positive developments regarding its renewable energy initiatives and strategic partnerships. The company is focusing on expanding its clean energy portfolio, which has garnered investor interest and confidence in its future growth potential. Additionally, favorable regulatory changes and increased demand for sustainable energy solutions have contributed to the stock's upward momentum. The company's strategic focus on renewable energy and favorable regulatory changes are likely to significantly impact its future performance and market position.
3 Dec
Hawaiian Electric Industries, Inc. (HE) reported a return on equity (ROE) of 7.1%, raising concerns among investors about its financial performance. Analysts suggest that while this figure is below the industry average, it may not be alarming if the company can maintain steady growth and manage its operational costs effectively. The discussion highlights the importance of evaluating ROE in the context of the company's overall strategy and market conditions. A 7.1% ROE indicates potential concerns about financial performance, which could moderately influence investor sentiment and company strategy.