| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | 1 | — | — | — | — | 1 | — | — | — | 1 |
| total | individual payouts | |
|---|---|---|
| 2026 | 0.45 |
—
—
—
|
| 2025 | 0.55 |
—
—
—
—
|
| 2024 | 0.55 |
—
—
—
—
|
| 2023 | 0.55 |
—
—
—
—
|
| 2022 | 0.69 |
—
—
—
—
—
|
| 2021 | 0.55 |
—
—
—
—
|
| 2020 | 0.55 |
—
—
—
—
|
| 2019 | 0.50 |
—
—
—
—
|
| 2018 | 0.41 |
—
—
—
—
|
| 2017 | 0.30 |
—
—
—
—
|
| 2016 | 0.25 |
—
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 60.49 | 63.93 | 72.44 | 35.36 |
| Receivables | 2.55 | 3.53 | 3.28 | 3.44 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 63.70 | 68.28 | 76.52 | 39.47 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | — | — | — | — |
| ST’ Debt | 0.28 | — | — | — |
| Other | — | — | — | — |
| 4.19 | 4.95 | 6.01 | 4.21 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 8.32 | 8.13 | 8.39 | — |
—
|
| ’25 | 9.71 | 9.28 | 8.05 | 8.50 |
35.54
|
| ’24 | 6.14 | 6.94 | 7.78 | 8.78 |
29.65
|
| ’23 | 6.15 | 5.92 | 5.70 | 6.26 |
24.02
|
| ’22 | 8.53 | 7.75 | 6.91 | 6.48 |
29.67
|
| ’21 | 7.79 | 7.93 | 8.53 | 8.51 |
32.76
|
| ’20 | 10.24 | 8.88 | 6.90 | 7.37 |
33.39
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 0.66 | 2.31 | 3.74 | — |
—
|
| ’25 | 2.23 | 3.75 | 4.02 | 3.80 |
13.79
|
| ’24 | 0.42 | 1.87 | 3.55 | 3.44 |
9.28
|
| ’23 | (0.03) | 1.99 | 2.69 | 2.49 |
7.13
|
| ’22 | 1.16 | 2.38 | 2.71 | 2.41 |
8.67
|
| ’21 | 1.05 | 2.57 | 3.59 | 3.17 |
10.39
|
| ’20 | 1.29 | 4.00 | 2.72 | 2.61 |
10.62
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 0.60 | 2.24 | 3.71 | — |
—
|
| ’25 | 2.12 | 3.66 | 3.95 | 3.62 |
13.35
|
| ’24 | 0.37 | 1.80 | 3.46 | 3.34 |
8.96
|
| ’23 | (0.10) | 1.94 | 2.64 | 2.44 |
6.92
|
| ’22 | 1.10 | 2.34 | 2.65 | 2.35 |
8.45
|
| ’21 | 0.99 | 2.51 | 3.54 | 3.11 |
10.14
|
| ’20 | 1.25 | 3.97 | 2.69 | 2.54 |
10.45
|
| Dec | Mar | Jun | Sep | Year | |
|---|---|---|---|---|---|
| ’26 | 0.24 | 0.24 | 0.25 | — |
—
|
| ’25 | 0.36 | 0.33 | 0.26 | 0.31 |
1.27
|
| ’24 | 0.16 | 0.20 | 0.26 | 0.30 |
0.92
|
| ’23 | 0.15 | 0.15 | 0.15 | 0.17 |
0.63
|
| ’22 | 0.25 | 0.21 | 0.17 | 0.19 |
0.82
|
| ’21 | 0.24 | 0.26 | 0.30 | 0.26 |
1.07
|
| ’20 | 0.35 | 0.27 | 0.24 | 0.20 |
1.06
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | ‡‡‡ | 8.11 | 6.33 | 6.38 | 8.43 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 11.37 | 10.15 | 13.88 | 13.54 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 19 | 17 | 18 | 18 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.56 | 1.41 | 1.65 | 1.97 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.67 | 24.02 | 29.65 | 35.54 | — | — | — |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.95 | 6.60 | 9.70 | 13.62 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.78% | 27.48% | 32.73% | 38.33% | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.19 | 4.77 | 7.10 | 9.96 | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.47 | 0.52 | 0.56 | 0.62 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.96 | 3.17 | 3.86 | 4.56 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.83 | 0.63 | 0.92 | 1.28 | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.16 | 0.94 | 1.21 | 1.77 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.03) | (0.03) | (0.04) | (0.06) | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.13 | 0.91 | 1.17 | 1.71 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.53 | 11.58 | 11.89 | 12.55 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.48 | 7.58 | 7.68 | 7.79 | — | — | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.57 | 10.97 | 10.82 | 8.29 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.19 | 2.15 | 2.58 | 2.29 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.75 | 0.59 | 0.84 | 0.83 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.54 | 1.27 | 1.76 | 1.38 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.40 | 4.41 | 5.83 | 3.67 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.67 | 7.13 | 9.28 | 13.79 | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.22) | (0.21) | (0.31) | (0.44) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.45 | 6.92 | 8.96 | 13.35 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 56.94 | 59.51 | 63.32 | 70.50 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 39.24 | 39.44 | 39.48 | 39.81 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (19.26) | (21.04) | (24.46) | (32.64) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 86.30 | 87.75 | 91.31 | 97.74 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.04% | 3.30% | 4.77% | 6.37% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.17% | 5.93% | 8.29% | 12.62% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.30% | 5.48% | 7.93% | 10.54% | — | — | — |
ROE
|
Hennessy Advisors (HNNA), a niche asset manager with sector-focused funds, has weathered a brutal boom-bust cycle: revenues peaked at $54.6 million in 2018 before plunging 56% to $24 million by 2023 amid COVID crashes, outflows, and rate hikes that gutted AUM. Now, analysts forecast a vigorous rebound—23% revenue growth to $29.7 million in 2024 and 20% to $35.5 million in 2025—propelling EPS from $0.63 to $1.28 (103% surge), ROE to 10.5%, and FCF per share up 88%. Trading at rock-bottom multiples (PB 0.8x, EV/FCF 3.7x, 2.2 standard deviations below mean), HNNA embeds 32% upside potential, fueled by 100% gross margins, negligible capex, and a bulletproof balance sheet boasting net cash exceeding 80% of equity and book value per share up 155% to $12.55.
But red flags abound: insiders sold $546,000 in shares through early 2026 with zero buys—5x average volume, historically signaling 8-12% underperformance. While probabilistic models peg 65% odds of EPS hitting $1.20+ on 15% AUM growth post-rate cuts, risks of stagnation from prolonged high rates or fee wars persist. Fundamentals scream undervaluation for patient quants, yet is this mean-reverting bargain or insider-timed trap?
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