QualityDipStocks / Consumer Discretionary · Office equipment
HNI HNI
Outside our quality screen, so we don’t track its dips. It’s 5% below its 52-week high.
Outside our quality screen, 5% over its Market Value. No fair value estimate for now: its free cash flow is near zero.
Worth knowing
- Revenue up 70% in a year, top 5% of the 1820 we measure
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- $47.45price +5%
- Off 52-wk high
- −5%
- Risk vs market
- Below marketbeta 0.82
4 bullish · 5 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the low ($29.25, May 19) about 71%. The last 3 years delivered 153%/yr (free cash flow).
Dashed line: what the last 3 years delivered, 153%/yr (free cash flow)
| Low | Now | |
|---|---|---|
| Price | $29.25May 19 | $49.67 |
| Implied growth | +71% | n/a |
| P/E | 2094.3× | 873.5× |
| P/FCF | 445.6× | — |
| EV/Sales | 1.0× | 1.1× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for HNI: free cash flow is barely positive ($0.07 a share); a DCF says little. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much HNI moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves a bit less than the market, and its own price swings are 2.8× the S&P 500’s.
- Beta vs S&P 500
- 0.82
- Volatility
- 36% vs 13% SPY
- Correlation SPY
- 0.29
- Correlation QQQ
- 0.15
How it ranks
Where HNI stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 4 measures
- Dividends + buybacks yield2.4% · cash paid out or used to retire shares, vs market capLowest 46%of 1,836
- Revenue growth, last 12 months+70% · vs the 12 months beforeTop 4%of 1,814
- Operating margin2% · of sales kept as operating profitLowest 17%of 1,288
- Return on invested capital1.9% · profit per dollar of capitalLowest 13%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $47.45 · FCF value $34.49
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
GrowthSales grew 70% to $4.4B over the last 12 months vs the 12 months before (SEC filings).
Cash returnsDividend yield of 2.3% ($83M paid over 12 months).
ValuationPrice / book of 2.0×, below the 3.2× median for the 336 Consumer Discretionary companies we cover.
ProfitabilityGross margin of 41%, above the 37% median for the 254 Consumer Discretionary companies we cover.
Top bearish points 5 of 5
Balance sheetDebt rose 197% to $1.3B from FY2023 to FY2026.
Cash returnsShare count up 53.1% in a year: existing holders are being diluted.
Balance sheetNet debt of $1.3B, 35% of the market cap (Jul 4, 2026).
ProfitabilityReturn on invested capital of 2%, below the 9.5% discount rate our DCF uses.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 3.4× EBITDA (limit 3×).
All fundamentals
ROE 0% · Sales +70%
Valuation
- P/E
- n/an/m: earnings near zero (P/E above 300)
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- 16.9×
- Price / sales
- 0.82×
- Price / book
- 1.98×
- Market cap
- $3.6Bprice × diluted shares
- Enterprise value
- $4.8B
Growth
- Revenue, 12 months
- $4.4B
- Sales growth, 12 months
- +70.1%vs the 12 months before
- Sales growth, 3 yrs
- +6.3%/yrfrom FY2022
- Diluted EPS, 12 months
- −$0.03
- EPS growth, last FY
- −61.5%
- Net income, 12 months
- $4M
- Net income growth
- −97%12 months vs before
Profitability
- Gross margin
- 41.0%
- Operating margin
- 2.0%
- Net margin
- 0.1%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 0%
- Return on invested capital
- 2%
Balance sheet
- Cash & short-term inv.
- $108M
- Total debt
- $1.4B
- Net cash
- −$1.3B
- Debt / equity
- 0.76×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 2.33%$83M paid
- Payout ratio
- n/an/m
- Buybacks, 12 months
- $4M0.1% of market cap
- Share count, 1 year
- +53.1%diluted shares vs a year ago
- Stock-based comp
- $42M
Trailing 12 months to Jul 4, 2026; balance sheet at Jul 4, 2026. From HNI’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.1B · Sales +121%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield2.8%
- Free-cash-flow margin2%
- Gross margin42%
- Operating margin8%
- Return on invested capital8%
- Return on equity0%
- Sales growth (latest quarter vs year-ago quarter)+121%
- Net debt / EBITDA3.4×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $49.67
- 52-wk lowlowest close, 1 year$29.25−41.1%
- Market Valueavg paid since Jul 30$47.45−4.5%
- PriceMon Nov 2 close$49.67you are here
- 52-wk highhighest close, 1 year$52.55+5.8%
Momentum & 52-week range
RSI 63 · 5 days +4.1%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 3
- DateTue Nov 3, before the open
- Consensus EPS$1.40
- Year-ago EPS$1.10
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
HNI is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on HNI in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Consumer Discretionary
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.