Hawaiian Holdings Inc
HA
Air Transportation, Scheduled
Mkt Cap
$709.6MPE
-2.37Debt
$1.783BCash
$248.1MEV
$2.245BFCF
-$589MP/E Ratio
-2.37Debt
$1.783BCash
$248.1MEV
$2.245BFCF
-$589MCharts data: {"Earnings":[{"time":"2014-12-30","value":68926000},{"time":"2015-12-30","value":182646000},{"time":"2016-12-30","value":224120000},{"time":"2017-12-30","value":330610000},{"time":"2018-12-30","value":233200000},{"time":"2019-12-30","value":223984000},{"time":"2020-12-30","value":-510935000},{"time":"2021-12-30","value":-144773000},{"time":"2022-12-30","value":-240081000},{"time":"2023-12-30","value":-260494000}],"Sales":[{"time":"2014-12-30","value":2314879000},{"time":"2015-12-30","value":2317467000},{"time":"2016-12-30","value":2450580000},{"time":"2017-12-30","value":2695628000},{"time":"2018-12-30","value":2837411000},{"time":"2019-12-30","value":2832228000},{"time":"2020-12-30","value":844813000},{"time":"2021-12-30","value":1596584000},{"time":"2022-12-30","value":2641267000},{"time":"2023-12-30","value":2716284000}],"Net Margins":[{"time":"2014-12-30","value":0.029775206393077132},{"time":"2015-12-30","value":0.07881277273851149},{"time":"2016-12-30","value":0.09145590023586253},{"time":"2017-12-30","value":0.12264674502564894},{"time":"2018-12-30","value":0.08218759989300105},{"time":"2019-12-30","value":0.07908402854572442},{"time":"2020-12-30","value":-0.6047906459772755},{"time":"2021-12-30","value":-0.0906767197967661},{"time":"2022-12-30","value":-0.09089614946160308},{"time":"2023-12-30","value":-0.09590087045389951}],"Assets":[{"time":"2014-12-30","value":2602528000},{"time":"2015-12-30","value":2509710000},{"time":"2016-12-30","value":2708601000},{"time":"2017-12-30","value":2859831000},{"time":"2018-12-30","value":3196646000},{"time":"2019-12-30","value":4126624000},{"time":"2020-12-30","value":3978030000},{"time":"2021-12-30","value":4631120000},{"time":"2022-12-30","value":4139623000},{"time":"2023-12-30","value":3733525000}],"Stockholders Equity":[{"time":"2014-12-30","value":367233000},{"time":"2015-12-30","value":446062000},{"time":"2016-12-30","value":680453000},{"time":"2017-12-30","value":965942000},{"time":"2018-12-30","value":947994000},{"time":"2019-12-30","value":1081796000},{"time":"2020-12-30","value":600157000},{"time":"2021-12-30","value":569086000},{"time":"2022-12-30","value":333265000},{"time":"2023-12-30","value":95425000}],"ROE":[{"time":"2014-12-30","value":0.18769010410284478},{"time":"2015-12-30","value":0.40946325847079557},{"time":"2016-12-30","value":0.32936881753772856},{"time":"2017-12-30","value":0.34226692699975775},{"time":"2018-12-30","value":0.2459931180999036},{"time":"2019-12-30","value":0.2070482789731151},{"time":"2020-12-30","value":-0.8513355671932511},{"time":"2021-12-30","value":-0.254395644946458},{"time":"2022-12-30","value":-0.7203906800894183},{"time":"2023-12-30","value":-2.7298297091957036}],"ROA":[{"time":"2014-12-30","value":0.0941899568419629},{"time":"2015-12-30","value":0.16978176761458494},{"time":"2016-12-30","value":0.15361287985938127},{"time":"2017-12-30","value":0.16916104483097077},{"time":"2018-12-30","value":0.10453425246336316},{"time":"2019-12-30","value":0.08066157711485224},{"time":"2020-12-30","value":-0.16279691203937627},{"time":"2021-12-30","value":-0.017828084782946674},{"time":"2022-12-30","value":-0.050742301895607404},{"time":"2023-12-30","value":-0.07865890813641264}]}
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. It provides daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Francisco, and San Jose, California; Las Vegas, Nevada; Seattle, Washington; Portland, Oregon; Phoenix, Arizona; New York City, New York; Austin, Texas; and Boston, Massachusetts. The company also offers provides daily service on its Neighbor Island routes among the four major islands of the State of Hawai'i. In addition, it offers scheduled service on its international routes between the State of Hawai'i and Tokyo (Narita), Japan, Osaka, Japan; Sydney, Australia; Auckland, New Zealand; Pago Pago, American Samoa; Papeete, Tahiti; and Seoul, South Korea, as well as operates various ad hoc charters. The company distributes its tickets through various distribution channels, including its website hawaiianairlines.com primarily for North America and Neighbor Island routes, as well as through travel agencies and wholesale distributors for its international routes. As of December 31, 2022, its fleet consisted of 19 Boeing 717-200 aircraft for the Neighbor Island routes; 24 Airbus A330-200 aircraft; and 18 Airbus A321neo for the North America and international routes. The company was incorporated in 1929 and is headquartered in Honolulu, Hawaii.
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In the chart Earnings are multiplied by this value.
Earnings Growth -1.6%
Earnings Stability -56%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 7.9% | 9.1% | 12% | 8.2% | 7.9% | -60% | -9.1% | -9.1% | -9.6% | -11% |
| ROA | 17% | 15% | 17% | 10% | 8.1% | -16% | -1.8% | -5.1% | -7.9% | -8.6% |
| ROE | 41% | 33% | 34% | 25% | 21% | -85% | -25% | -72% | -270% | 750% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -12.02%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -2.53%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is -2.08%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -3.33%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -68.38%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -48.76%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 2.16 | 2.33 | -54.98 | 32.66 | 7.57 | -3.09 | 9.13 | -16.23 | -3.66 | -3.03 |
| Debt Equity | 1.73 | 0.82 | 0.59 | 0.75 | 0.61 | 2.14 | 3.40 | 5.13 | 17.24 | -44.33 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 95% | 85% | -190% | - | - | - | -190% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -3.03.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -6.88.
What is the Graham’s Stability?
Graham’s Stability measure stands at -1.95.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 1.5% | -0.87% | 48% | 2.8% | 4.5% |
| Net Income | - | - | - | - | -39% |
| Stockholders Equity | -24% | -37% | -46% | -71% | -13% |
| FCF | - | - | - | - | 110% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is -0.87%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +4.54%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -39.01%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -36.82%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -13.17%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +112.29%.