Hingham Institution for Savings (HIFS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+63.4%

$506.35

vs $309.81 price

Levered DCF

$393.29

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.37

Distress zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.35×	19.62×	15.86×	15.78×	13.33×	9.09×	11.52×	13.88×
P/B	1.29×	1.28×	1.03×	1.53×	2.54×	1.58×	1.81×	1.98×
P/S	2.62×	2.55×	2.19×	5×	7.28×	4×	3.87×	4.56×
EV / EBITDA	28.24×	45.58×	48.68×	27.48×	13.87×	8.97×	12.96×	16.91×
Gross margin	43.6%	30.1%	33.3%	68.4%	91.0%	79.7%	64.1%	67.9%
Operating margin	30.7%	16.8%	18.5%	45.9%	75.1%	60.8%	46.2%	46.2%
Net margin	23.0%	13.0%	13.8%	31.7%	54.6%	44.0%	33.6%	32.9%
Current ratio	0.02×	0.11×	0.16×	0.15×	0.12×	0.11×	0.14×	0.19×
Debt / equity	3.05×	3.47×	4.15×	3.31×	1.88×	1.39×	2.05×	2.86×
Interest coverage	0.55×	0.24×	0.28×	1.65×	11.55×	3.31×	1.34×	1.51×
Dividend yield	0.9%	1.0%	1.6%	1.1%	0.6%	1.1%	1.0%	0.9%
Payout ratio	10.1%	19.4%	25.7%	17.5%	8.6%	9.7%	11.2%	12.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.4%	6.5%	6.5%	9.7%	19.0%	17.3%	15.7%	14.3%
Return on invested capital	1.2%	1.4%	1.2%	2.2%	6.5%	7.1%	5.1%	3.6%
Return on assets	1.2%	0.6%	0.6%	0.9%	2.0%	1.8%	1.5%	1.3%
Free cash flow yield	5.7%	2.1%	4.4%	9.0%	6.4%	9.5%	7.2%	8.2%
Earnings yield	8.8%	5.1%	6.3%	6.3%	7.5%	11.0%	8.7%	7.2%
Enterprise value	$2.1B	$1.7B	$1.7B	$1.5B	$1.3B	$635.6M	$702.3M	$733.2M
Net debt / EBITDA	19.82×	30.73×	37.04×	16.68×	4.23×	2.46×	4.68×	7.18×
Cash conversion cycle (days)	-18	-5	-19	-22	10	13	7	-9