Hawaiian Electric Industries Inc
Research Hawaiian Electric Industries Inc (HE) on Bullrun: valuation model: 35.8% undervalued, market cap USD 1.96B, P/E 8.8. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerHE
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal35.8% undervalued
- Market capUSD 1.96B
- P/E8.8
- Financial periodQ2 2026
- RevenueUSD 939.70M
- Net incomeUSD 123.20M
- Free cash flow-USD 549.96M
- Gross margin21.7%
Valuation Snapshot
Bullrun's latest valuation model marks Hawaiian Electric Industries Inc as 35.8% undervalued; latest market cap is USD 1.96B; P/E is 8.8.
Peer valuation comparison
Latest P/E is 8.79x versus a Utilities sector median of 17.14x (48.7% below).
Latest P/E is 8.79x versus a United States median of 24.87x (64.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 3.09B | USD 123.12M | USD 49.87M | 7.6% | 0.71 | USD 501.78M | USD 2.41B | USD 1.61B |
| FY2024 | USD 3.22B | -USD 1.43B | USD 143.23M | -52.7% | -11.23 | USD 750.54M | USD 2.80B | USD 1.48B |
| FY2023 | USD 3.29B | USD 199.24M | USD 108.74M | n/a | 1.81 | USD 244.09M | USD 2.84B | USD 2.34B |
| FY2022 | USD 3.42B | USD 241.14M | USD 115.14M | n/a | 2.2 | USD 43.73M | USD 2.38B | USD 2.20B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 1.96B | 8.8 | n/a | n/a |
| 2025 | 2025-12-31 | USD 2.12B | 17.3 | n/a | n/a |
| 2024 | 2024-12-31 | USD 1.68B | n/a | n/a | n/a |
| 2023 | 2023-12-29 | USD 1.56B | 7.5 | 7.6% | 1.08 |
| 2022 | 2022-12-30 | USD 4.58B | 19.3 | 3.3% | 1.4 |
| 2021 | 2021-12-31 | USD 4.54B | 18.4 | 3.3% | 1.36 |
Dividend history
| Year | Dividends/share |
|---|---|
| FY2023 | 1.08 USD |
| FY2022 | 1.4 USD |
About Hawaiian Electric Industries Inc
Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels.
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Frequently asked questions
Is Hawaiian Electric Industries Inc overvalued or undervalued?
Bullrun's valuation model currently marks Hawaiian Electric Industries Inc as 35.8% undervalued.
What is Hawaiian Electric Industries Inc's market cap?
Hawaiian Electric Industries Inc's market capitalization is USD 1.96B.
What is Hawaiian Electric Industries Inc's P/E ratio?
Hawaiian Electric Industries Inc's price-to-earnings (P/E) ratio is 8.8.
What does Hawaiian Electric Industries Inc do?
Hawaiian Electric Industries, Inc. together with its subsidiaries, engages in the electric utility business. The company engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu; Hawaii; and Maui, Lanai, and Molokai; and renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. It also invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii.