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Haynes International, Inc. (NASDAQ:HAYN) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of HAYN, it is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. If you're interested in understanding beyond my broad commentary, take a look at the report on Haynes International here.
Excellent balance sheet average dividend payer
HAYN's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This suggests prudent control over cash and cost by management, which is a key determinant of the company’s health. HAYN seems to have put its debt to good use, generating operating cash levels of 1.94x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
HAYN pays a decent dividend yield to its shareholders, higher than the low-risk savings rate, which is what investors expect when they take on the risk of investing in the stock market. That said, please remember that dividend yields are a function of stock prices and corporate profits, both of which can be volatile.
For Haynes International, I've compiled three fundamental factors you should look at:
- Future Outlook: What are well-informed industry analysts predicting for HAYN’s future growth? Take a look at our free research report of analyst consensus for HAYN’s outlook.
- Historical Performance: What has HAYN's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of HAYN? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.