Hennessy Advisors, Inc.
NASDAQ Global MarketTotal Valuation
Hennessy Advisors, Inc. carries a market capitalization of 81.18M, placing it among publicly traded companies globally. Its enterprise value stands at 45.29M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 81.18M |
| Enterprise Value | 45.29M |
Share Statistics
Hennessy Advisors, Inc. currently has 7.90M shares outstanding.
| Shares Outstanding | 7.90M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
Hennessy Advisors, Inc. trades at a trailing price-to-earnings ratio of 9.70. The price-to-sales ratio is 2.40, and the price-to-book ratio stands at 0.79.
| PE Ratio | 9.70 |
| PS Ratio | 2.40 |
| PB Ratio | 0.79 |
| P/TBV Ratio | 0.79 |
| P/FCF Ratio | 7.49 |
| P/OCF Ratio | 7.63 |
Enterprise Valuation
On an enterprise value basis, Hennessy Advisors, Inc. trades at an EV/EBITDA multiple of 3.95 and an EV/FCF ratio of 3.57. The EV/Sales ratio of 1.36 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 4.06 provides insight into valuation relative to core operating earnings.
| EV / Sales | 1.36 |
| EV / EBITDA | 3.95 |
| EV / EBIT | 4.06 |
| EV / FCF | 3.57 |
Financial Position
Hennessy Advisors, Inc. maintains a current ratio of 9.39, meaning it holds 9.4x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 0.42, indicating conservative leverage, while an interest coverage ratio of 4.60 demonstrates adequate ability to service its debt obligations.
| Current Ratio | 9.39 |
| Quick Ratio | 9.23 |
| Debt / Equity | 0.42 |
| Debt / EBITDA | 0.04 |
| Interest Coverage | 4.60 |
Financial Efficiency
Hennessy Advisors, Inc. posts a return on equity of 8.36 and a return on invested capital of 6.86.
| Return on Equity (ROE) | 8.36 |
| Return on Assets (ROA) | 5.88 |
| Return on Invested Capital (ROIC) | 6.86 |
| Return on Capital Employed (ROCE) | 8.46 |
| Revenue Per Employee | N/A |
| Employee Count | N/A |
| Inventory Turnover | N/A |
Taxes
Over the trailing twelve months, Hennessy Advisors, Inc. has paid 2.98M in income taxes, reflecting an effective tax rate of 26.48.
| Income Tax | 2.98M |
| Effective Tax Rate | 26.48 |
Stock Price Statistics
Hennessy Advisors, Inc.'s stock has gained approximately 3.73737% over the past 52 weeks. The 50-day moving average sits at 10.18, while the 200-day moving average is 10.02.
| Beta (5Y) | N/A |
| 52-Week Price Change | 3.73737% |
| 50-Day Moving Average | 10.18 |
| 200-Day Moving Average | 10.02 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, Hennessy Advisors, Inc. generated 33.34M in revenue and converted that into 8.26M in net income, yielding earnings per share of 1.03. EBITDA reached 11.46M, while operating income came in at 11.14M.
| Revenue | 33.34M |
| Gross Profit | 18.01M |
| Operating Income | 11.14M |
| Pretax Income | 11.24M |
| Net Income | 8.26M |
| EBITDA | 11.46M |
| EBIT | 11.14M |
| Earnings Per Share (EPS) | 1.03 |
Balance Sheet
Hennessy Advisors, Inc. holds 35.36M in cash and equivalents against 425,000.00 in total debt, resulting in a net debt position of -35.35M. Total book value stands at 101.15M, with working capital of 35.26M providing operational flexibility.
| Cash & Cash Equivalents | 35.36M |
| Total Debt | 425,000.00 |
| Net Debt | -35.35M |
| Equity (Book Value) | 101.15M |
| Book Value Per Share | 12.80 |
| Working Capital | 35.26M |
Cash Flow
Hennessy Advisors, Inc. produced 10.51M in operating cash flow over the past twelve months. After subtracting -331,000.00 in capital expenditures, free cash flow totaled 10.18M - equivalent to 1.29 per share.
| Operating Cash Flow | 10.51M |
| Capital Expenditures | -331,000.00 |
| Free Cash Flow | 10.18M |
| FCF Per Share | 1.29 |
Margins
Hennessy Advisors, Inc. operates with a gross margin of 54.00, reflecting its pricing power and cost economics. The operating margin of 33.42 and net profit margin of 24.78 provide insight into operational efficiency.
| Gross Margin | 54.00 |
| Operating Margin | 33.42 |
| Pretax Margin | 33.70 |
| Profit Margin | 24.78 |
| EBITDA Margin | 34.36 |
Dividends & Yields
The company's payout ratio of 53.84 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 0.56 |
| Dividend Yield | N/A |
| Payout Ratio | 53.84 |
| Shareholder Yield | 56.27 |
| FCF Yield | 13.35 |
Stock Splits
Hennessy Advisors, Inc.'s most recent stock split took place on March 7, 2017 with a 2:3 split ratio.
| Last Split Date | 3/7/2017 |
| Split Ratio | 2:3 |
Scores
Hennessy Advisors, Inc. posts an Altman Z-Score of 4.02, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 4.02 |