Q3 2024 HNI Corp Earnings Call Transcript
| HNI Stock | USD 53.23 0.91 1.68% |
Under 61% of HNI Corp's investor base is looking to short. The analysis of overall sentiment of trading HNI Corp stock suggests that many investors are alarmed at this time. HNI Corp's investing sentiment shows overall attitude of investors towards HNI Corp.
HNI |
Oct 29, 2024 0300PM GMTOperator Thank you for standing by. My name is Amy and I will be your conference operator for today. At this time. I would like to wel
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HNI Corp Fundamental Analysis
We analyze HNI Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HNI Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HNI Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
HNI Corp is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
HNI Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with HNI Corp stock to make a market-neutral strategy. Peer analysis of HNI Corp could also be used in its relative valuation, which is a method of valuing HNI Corp by comparing valuation metrics with similar companies.
Peers
HNI Corp Related Equities
| ACTG | Acacia Research | 0.45 | ||||
| EBF | Ennis | 0.98 | ||||
| ACCO | Acco Brands | 1.36 | ||||
| SCS | Steelcase | 1.95 |
Complementary Tools for HNI Stock analysis
When running HNI Corp's price analysis, check to measure HNI Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HNI Corp is operating at the current time. Most of HNI Corp's value examination focuses on studying past and present price action to predict the probability of HNI Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HNI Corp's price. Additionally, you may evaluate how the addition of HNI Corp to your portfolios can decrease your overall portfolio volatility.
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