Haynes International Inc
Haynes International, Inc. develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating … Read more
Haynes International Inc (HAYN) - Net Assets
Latest net assets as of June 2024: $452.20 Million USD
Based on the latest financial reports, Haynes International Inc (HAYN) has net assets worth $452.20 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($685.76 Million) and total liabilities ($233.56 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $452.20 Million |
| % of Total Assets | 65.94% |
| Annual Growth Rate | N/A |
| 5-Year Change | 46.59% |
| 10-Year Change | 25.26% |
| Growth Volatility | 26.82 |
Haynes International Inc - Net Assets Trend (1995–2023)
This chart illustrates how Haynes International Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Haynes International Inc (1995–2023)
The table below shows the annual net assets of Haynes International Inc from 1995 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $434.32 Million | +15.67% |
| 2022-09-30 | $375.49 Million | +9.37% |
| 2021-09-30 | $343.32 Million | +13.87% |
| 2020-09-30 | $301.50 Million | +1.76% |
| 2019-09-30 | $296.27 Million | -11.09% |
| 2018-09-30 | $333.22 Million | -0.17% |
| 2017-09-30 | $333.77 Million | +7.22% |
| 2016-09-30 | $311.30 Million | -8.97% |
| 2015-09-30 | $341.99 Million | -1.37% |
| 2014-09-30 | $346.73 Million | -2.55% |
| 2013-09-30 | $355.80 Million | +18.17% |
| 2012-09-30 | $301.10 Million | +10.35% |
| 2011-09-30 | $272.85 Million | +2.63% |
| 2010-09-30 | $265.85 Million | -4.64% |
| 2009-09-30 | $278.80 Million | -26.54% |
| 2008-09-30 | $379.54 Million | +19.97% |
| 2007-09-30 | $316.38 Million | +108.76% |
| 2006-09-30 | $151.55 Million | +35.47% |
| 2005-09-30 | $111.87 Million | -3.21% |
| 2004-09-30 | $115.58 Million | +172.67% |
| 2003-09-30 | $-159.03 Million | -63.28% |
| 2002-09-30 | $-97.40 Million | -0.07% |
| 2001-09-30 | $-97.33 Million | +0.86% |
| 2000-09-30 | $-98.17 Million | -9.01% |
| 1999-09-30 | $-90.05 Million | +0.97% |
| 1998-09-30 | $-90.94 Million | +3.70% |
| 1997-09-30 | $-94.44 Million | +27.55% |
| 1996-09-30 | $-130.34 Million | -6.92% |
| 1995-09-30 | $-121.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Haynes International Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 33811000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $165.82 Million | 38.18% |
| Common Stock | $13.00K | 0.00% |
| Other Comprehensive Income | $6.37 Million | 1.47% |
| Other Components | $262.11 Million | 60.35% |
| Total Equity | $434.32 Million | 100.00% |
Haynes International Inc Competitors by Market Cap
The table below lists competitors of Haynes International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GQG Partners Inc
AU:GQG
|
$752.66 Million |
|
BIOGAIA AB B O.N.
F:BGLA
|
$752.86 Million |
|
Per Aarsleff B
LSE:0REQ
|
$753.20 Million |
|
Aerosun Corp
SHG:600501
|
$753.26 Million |
|
C&S Paper Co Ltd
SHE:002511
|
$752.42 Million |
|
Noritake Co. Limited
F:NO4
|
$752.33 Million |
|
ADTRAN Inc
NASDAQ:ADTN
|
$752.12 Million |
|
GQG PARTNERS CDI/1/1
F:6P1
|
$752.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haynes International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 375,488,000 to 434,324,000, a change of 58,836,000 (15.7%).
- Net income of 41,975,000 contributed positively to equity growth.
- Dividend payments of 11,192,000 reduced retained earnings.
- Share repurchases of 934,000 reduced equity.
- Other comprehensive income increased equity by 17,465,000.
- Other factors increased equity by 11,522,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $41.98 Million | +9.66% |
| Dividends Paid | $11.19 Million | -2.58% |
| Share Repurchases | $934.00K | -0.22% |
| Other Comprehensive Income | $17.46 Million | +4.02% |
| Other Changes | $11.52 Million | +2.65% |
| Total Change | $- | 15.67% |
Book Value vs Market Value Analysis
This analysis compares Haynes International Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-09-30 | $-11.72 | $60.99 | x |
| 1996-09-30 | $-12.53 | $60.99 | x |
| 1997-09-30 | $-9.08 | $60.99 | x |
| 1998-09-30 | $-8.74 | $60.99 | x |
| 1999-09-30 | $-8.66 | $60.99 | x |
| 2000-09-30 | $-9.44 | $60.99 | x |
| 2001-09-30 | $-9.36 | $60.99 | x |
| 2002-09-30 | $-9.37 | $60.99 | x |
| 2003-09-30 | $-15.29 | $60.99 | x |
| 2004-09-30 | $11.56 | $60.99 | x |
| 2005-09-30 | $11.19 | $60.99 | x |
| 2006-09-30 | $14.76 | $60.99 | x |
| 2007-09-30 | $28.17 | $60.99 | x |
| 2008-09-30 | $31.56 | $60.99 | x |
| 2009-09-30 | $23.22 | $60.99 | x |
| 2010-09-30 | $21.86 | $60.99 | x |
| 2011-09-30 | $22.46 | $60.99 | x |
| 2012-09-30 | $24.65 | $60.99 | x |
| 2013-09-30 | $29.01 | $60.99 | x |
| 2014-09-30 | $28.14 | $60.99 | x |
| 2015-09-30 | $27.70 | $60.99 | x |
| 2016-09-30 | $25.17 | $60.99 | x |
| 2017-09-30 | $26.92 | $60.99 | x |
| 2018-09-30 | $26.83 | $60.99 | x |
| 2019-09-30 | $23.74 | $60.99 | x |
| 2020-09-30 | $24.18 | $60.99 | x |
| 2021-09-30 | $27.47 | $60.99 | x |
| 2022-09-30 | $30.03 | $60.99 | x |
| 2023-09-30 | $33.98 | $60.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haynes International Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.11%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.63x
- Recent ROE (9.66%) is above the historical average (8.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 0.00% | -3.35% | 1.33x | 0.00x | $5.42 Million |
| 1996 | 0.00% | -3.99% | 1.40x | 0.00x | $4.00 Million |
| 1997 | 0.00% | 15.40% | 1.09x | 0.00x | $45.76 Million |
| 1998 | 0.00% | 0.81% | 1.19x | 0.00x | $11.10 Million |
| 1999 | 0.00% | 0.27% | 0.94x | 0.00x | $9.57 Million |
| 2000 | 0.00% | -1.82% | 0.94x | 0.00x | $5.65 Million |
| 2001 | 0.00% | 0.11% | 1.04x | 0.00x | $10.01 Million |
| 2002 | 0.00% | 0.41% | 0.96x | 0.00x | $10.66 Million |
| 2003 | 0.00% | -35.37% | 0.92x | 0.00x | $-47.10 Million |
| 2004 | 144.57% | 71.56% | 0.65x | 3.12x | $155.53 Million |
| 2005 | -3.70% | -1.27% | 0.84x | 3.46x | $-15.32 Million |
| 2006 | 23.45% | 8.18% | 0.97x | 2.94x | $20.39 Million |
| 2007 | 20.90% | 11.81% | 0.95x | 1.86x | $34.48 Million |
| 2008 | 16.54% | 9.86% | 1.03x | 1.63x | $24.82 Million |
| 2009 | -18.77% | -11.93% | 0.81x | 1.95x | $-80.20 Million |
| 2010 | 3.34% | 2.33% | 0.69x | 2.07x | $-17.71 Million |
| 2011 | 11.41% | 5.73% | 0.91x | 2.19x | $3.84 Million |
| 2012 | 16.67% | 8.66% | 0.92x | 2.08x | $20.07 Million |
| 2013 | 6.06% | 4.47% | 0.81x | 1.68x | $-14.00 Million |
| 2014 | 1.08% | 0.82% | 0.75x | 1.76x | $-30.92 Million |
| 2015 | 8.91% | 6.25% | 0.76x | 1.87x | $-3.71 Million |
| 2016 | 1.61% | 1.24% | 0.63x | 2.09x | $-26.11 Million |
| 2017 | -3.05% | -2.58% | 0.64x | 1.86x | $-43.57 Million |
| 2018 | -6.53% | -5.00% | 0.74x | 1.77x | $-55.07 Million |
| 2019 | 3.29% | 1.99% | 0.83x | 2.00x | $-19.88 Million |
| 2020 | -2.15% | -1.70% | 0.68x | 1.86x | $-36.63 Million |
| 2021 | -2.53% | -2.57% | 0.62x | 1.59x | $-43.02 Million |
| 2022 | 12.01% | 9.19% | 0.78x | 1.68x | $7.54 Million |
| 2023 | 9.66% | 7.11% | 0.84x | 1.63x | $-1.46 Million |
Industry Comparison
This section compares Haynes International Inc's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $645,426,318
- Average return on equity (ROE) among peers: -15.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haynes International Inc (HAYN) | $452.20 Million | 0.00% | 0.52x | $752.59 Million |
| ADF Group Inc (ADFJF) | $93.76 Million | 1.93% | 0.16x | $70.84 Million |
| Aurubis AG (AIAGF) | $409.13 Million | 6.14% | 1.42x | $2.34 Billion |
| American Metal & Technology Inc (AMGY) | $-1.14 Million | 0.00% | 0.00x | $0.93 |
| Ampco-Pittsburgh Corporation (AP) | $144.54 Million | -1.76% | 0.62x | $121.25 Million |
| Allegheny Technologies Incorporated (ATI) | $1.48 Billion | 27.75% | 2.37x | $19.80 Billion |
| NV Bekaert SA (BEKSF) | $1.52 Billion | 2.62% | 1.97x | $1.30 Billion |
| CompoSecure, Inc. (CMPO) | $-55.55 Million | 0.00% | 0.00x | $1.63 Billion |
| Carpenter Technology Corporation (CRS) | $319.90 Million | 9.41% | 1.24x | $18.16 Billion |
| Cymat Technologies Ltd (CYMHF) | $2.34 Million | -202.62% | 1.63x | $6.74 Million |
| ESAB Corp (ESAB) | $2.54 Billion | 6.19% | 0.33x | $5.58 Billion |