(HNI) HNI - Ratings and Ratios
Workplace Furnishings, Fireplaces, Inserts, Hearth Stoves, Accessories
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.12% |
| Yield on Cost 5y | 4.75% |
| Yield CAGR 5y | 2.25% |
| Payout Consistency | 98.6% |
| Payout Ratio | 40.9% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 27.8% |
| Value at Risk 5%th | 40.6% |
| Relative Tail Risk | -11.10% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.11 |
| Alpha | -19.07 |
| CAGR/Max DD | 0.58 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.580 |
| Beta | 0.776 |
| Beta Downside | 0.697 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.33% |
| Mean DD | 10.85% |
| Median DD | 9.06% |
Description: HNI HNI January 14, 2026
HNI Corp (NYSE:HNI) manufactures and markets workplace furnishings and residential building products across the U.S. and Canada, operating through two distinct segments: Workplace Furnishings and Residential Building Products.
The Workplace Furnishings segment supplies a broad portfolio-including panel-based and freestanding office furniture, seating, storage, and hospitality items-under brands such as HON, Allsteel, and Kimball. Sales are channeled via independent dealers, office product distributors, e-commerce resellers, and direct contracts with end-users and government agencies.
The Residential Building Products segment focuses on prefabricated fireplaces, inserts, hearth stoves, and outdoor fire features sold under brands like Heatilator, Vermont Castings, and The Outdoor GreatRoom Company. Distribution relies on independent dealers, corporate-owned retail outlets, and specialty distributors.
**Key metrics (FY 2023)**: total revenue of approximately $2.2 billion, with the Workplace Furnishings segment contributing roughly $1.6 billion (≈ 73% of sales) and an operating margin of 9.5% for the segment; the Residential segment generated about $600 million with a lower margin of 5.8% due to higher material costs. The company’s free cash flow stood at $180 million, supporting a dividend yield near 2.1%.
**Sector drivers**: Office-furnishings demand is closely tied to corporate real-estate utilization and the hybrid-work trend, which recent NBER data suggest could suppress office-space growth by 2-3% annually through 2027. Conversely, the residential fireplace market benefits from the 2023-24 home-improvement spending surge, with the Hearth, Patio & Barbecue Association reporting a 6% YoY increase in fireplace sales, driven by consumer interest in energy-efficient heating and outdoor living spaces.
**Assumption**: The revenue split and margin figures are based on HNI’s FY 2023 Form 10-K; any subsequent quarter-end adjustments are not reflected.
For a deeper quantitative look at HNI’s valuation metrics, you might explore the analysis on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 134.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 5.17 > 1.0 |
| NWC/Revenue: 5.13% < 20% (prev 1.85%; Δ 3.28% < -1%) |
| CFO/TA 0.23 > 3% & CFO 418.0m > Net Income 134.6m |
| Net Debt (303.5m) to EBITDA (261.5m): 1.16 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (45.8m) vs 12m ago -5.89% < -2% |
| Gross Margin: 40.73% > 18% (prev 0.40%; Δ 4033 % > 0.5%) |
| Asset Turnover: 139.0% > 50% (prev 134.0%; Δ 4.97% > 0%) |
| Interest Coverage Ratio: 5.75 > 6 (EBITDA TTM 261.5m / Interest Expense TTM 25.0m) |
Altman Z'' 2.88
| A: 0.07 (Total Current Assets 542.9m - Total Current Liabilities 409.0m) / Total Assets 1.84b |
| B: 0.36 (Retained Earnings 655.5m / Total Assets 1.84b) |
| C: 0.08 (EBIT TTM 143.7m / Avg Total Assets 1.88b) |
| D: 0.70 (Book Value of Equity 701.3m / Total Liabilities 1.01b) |
| Altman-Z'' Score: 2.88 = A |
Beneish M -3.22
| DSRI: 0.96 (Receivables 255.6m/261.9m, Revenue 2.61b/2.56b) |
| GMI: 0.98 (GM 40.73% / 39.97%) |
| AQI: 1.00 (AQ_t 0.36 / AQ_t-1 0.36) |
| SGI: 1.02 (Revenue 2.61b / 2.56b) |
| TATA: -0.15 (NI 134.6m - CFO 418.0m) / TA 1.84b) |
| Beneish M-Score: -3.22 (Cap -4..+1) = AA |
What is the price of HNI shares?
Over the past week, the price has changed by -0.42%, over one month by +10.74%, over three months by +6.81% and over the past year by -3.61%.
Is HNI a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the HNI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 70.8 | 49.5% |
| Analysts Target Price | 70.8 | 49.5% |
| ValueRay Target Price | 53 | 12% |
HNI Fundamental Data Overview January 29, 2026
P/E Forward = 11.9474
P/S = 1.2983
P/B = 4.0377
P/EG = 1.1463
Revenue TTM = 2.61b USD
EBIT TTM = 143.7m USD
EBITDA TTM = 261.5m USD
Long Term Debt = 324.2m USD (from longTermDebt, last quarter)
Short Term Debt = 84.0m USD (from shortTermDebt, last fiscal year)
Debt = 496.8m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 303.5m USD (from netDebt column, last quarter)
Enterprise Value = 3.84b USD (3.37b + Debt 496.8m - CCE 20.7m)
Interest Coverage Ratio = 5.75 (Ebit TTM 143.7m / Interest Expense TTM 25.0m)
EV/FCF = 12.39x (Enterprise Value 3.84b / FCF TTM 310.2m)
FCF Yield = 8.07% (FCF TTM 310.2m / Enterprise Value 3.84b)
FCF Margin = 11.89% (FCF TTM 310.2m / Revenue TTM 2.61b)
Net Margin = 5.16% (Net Income TTM 134.6m / Revenue TTM 2.61b)
Gross Margin = 40.73% ((Revenue TTM 2.61b - Cost of Revenue TTM 1.55b) / Revenue TTM)
Gross Margin QoQ = 42.18% (prev 42.13%)
Tobins Q-Ratio = 2.09 (Enterprise Value 3.84b / Total Assets 1.84b)
Interest Expense / Debt = 1.45% (Interest Expense 7.20m / Debt 496.8m)
Taxrate = 28.22% (16.2m / 57.4m)
NOPAT = 103.1m (EBIT 143.7m * (1 - 28.22%))
Current Ratio = 1.33 (Total Current Assets 542.9m / Total Current Liabilities 409.0m)
Debt / Equity = 0.59 (Debt 496.8m / totalStockholderEquity, last quarter 835.9m)
Debt / EBITDA = 1.16 (Net Debt 303.5m / EBITDA 261.5m)
Debt / FCF = 0.98 (Net Debt 303.5m / FCF TTM 310.2m)
Total Stockholder Equity = 828.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.17% (Net Income 134.6m / Total Assets 1.84b)
RoE = 16.24% (Net Income TTM 134.6m / Total Stockholder Equity 828.9m)
RoCE = 12.46% (EBIT 143.7m / Capital Employed (Equity 828.9m + L.T.Debt 324.2m))
RoIC = 8.58% (NOPAT 103.1m / Invested Capital 1.20b)
WACC = 7.78% (E(3.37b)/V(3.86b) * Re(8.77%) + D(496.8m)/V(3.86b) * Rd(1.45%) * (1-Tc(0.28)))
Discount Rate = 8.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.98%
[DCF Debug] Terminal Value 81.99% ; FCFF base≈275.4m ; Y1≈339.7m ; Y5≈578.5m
Fair Price DCF = 140.0 (EV 10.24b - Net Debt 303.5m = Equity 9.94b / Shares 71.0m; r=7.78% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 15.84 | EPS CAGR: -37.78% | SUE: -4.0 | # QB: 0
Revenue Correlation: 49.03 | Revenue CAGR: 3.41% | SUE: -0.32 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.46 | Chg30d=-0.017 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=4.06 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+14.4% | Growth Revenue=+4.8%