TOP CONTRIBUTORS

Will Morrissett

HAYN AT A GLANCE

P/E ► -9.85   EV/EBITDA ► -18.2   ROA ► -5.6% AVG ROE ► -9.4% AVG Debt to Equity ► 0.560 AVG Current Ratio ► 6.89 HIGH Interest Coverage Ratio ► -34.5 VERY LOW

 

 

 

 

 

 

Haynes International (HAYN) develops, markets, and manufactures specialty alloys for aerospace, chemical processing, gas turbines, power generation, incineration, industrial heating, hazardous waste, etc. These alloys are manufactured in several forms: sheet, coil, plate, forgings, fasteners, bar, wire, billet, tube, as well as value-added custom cuts and forms.

The Company's customers are very diverse, including GE (GE), Rolls Royce (RYCEY.PK), Boeing (BA), DuPont (DFT), Dow (DOW), Eli Lilly (LLY), BP (BP), and many more. The manufacturing occurs in the US (Indiana, Louisiana, North Carolina) with 6 US Sale/Service centers and 7 international (England, France, Italy, Switzerland, India, China).

Financials

As of the last conference call, the company was operating at +100% operating capacity for flat alloy products (accounting for 70% of profits). The Company claims to have "big demand for value-added service" and is "moving up the value chain" in their niche markets. Moving into this model can grown the companies moat and competitive advantage. By continuing R&D, becoming critical partners with their customers, and increasing value-added products the Company can protect their weak moat.

References