A Business at a Glance
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Hennessy Advisors, Inc. (the “Company,” “we,” “us,” or “our”) is a publicly traded investment management firm whose primary business activity is providing investment advisory services to a family of 16 open-end mutual funds (collectively, the “Hennessy Mutual Funds”) and one exchange‑traded fund (“ETF”) branded as the Hennessy Funds. We are committed to providing superior service to investors and employing a consistent and disciplined approach to investing based on a buy‑and‑hold philosophy that rejects the idea of market timing. Our goal is to provide products that investors can have confidence in, knowing their money is invested as promised and with their best interests in mind. Our firm was founded on these principles over 35 years ago, and the same principles guide us today. We earn revenues primarily by providing investment advisory services to the Hennessy Funds and secondarily by providing shareholder services to investors in the Hennessy Mutual Funds.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 34M | 36M | 30M | 24M | 30M | 33M |
| Net Income | 9.1M | 10.0M | 7.1M | 4.8M | 6.2M | 7.9M |
| EPS | $1.15 | $1.27 | $0.92 | $0.63 | $0.82 | $1.07 |
| Free Cash Flow | 12M | 13M | 9.0M | 6.9M | 8.4M | 10M |
| ROIC | 8.2% | 7.4% | 5.4% | 3.8% | 4.9% | 9.5% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.81 | 0.41 | 0.43 | 0.45 | 0.45 | 0.22 |
| Dividends/Share | $0.53 | $0.55 | $0.55 | $0.55 | $0.55 | $0.55 |
| Operating Income | 12M | 13M | 8.9M | 6.3M | 9.8M | 11M |
| Operating Margin | 34.9% | 37.0% | 29.9% | 26.4% | 33.2% | 33.2% |
| ROE | 9.2% | 10.5% | 7.8% | 5.4% | 7.2% | 9.5% |
| Shares Outstanding | 8M | 8M | 8M | 8M | 8M | 7M |
HENNESSY ADVISORS INC passes 3 of 9 quality checks, indicating weak fundamentals.
HENNESSY ADVISORS INC trades at 21.6x trailing earnings, compared to its 15-year median P/E of 24.5x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.6x vs a median of 18.7x. The company's 5-year average ROIC is 6.2%. Total shareholder yield (dividends) is 2.1%. At current prices, the estimated annualized return to fair value is -3.1%.
HENNESSY ADVISORS INC (HNNAZ) has a current P/E ratio of 21.6, compared to its historical median P/E of 24.5. The stock is currently considered Fair based on its historical valuation range.
HENNESSY ADVISORS INC (HNNAZ) has a 5-year average return on invested capital (ROIC) of 6.2%. This is below average and may indicate limited pricing power.
HENNESSY ADVISORS INC (HNNAZ) has a market capitalization of $196M. It is classified as a small-cap stock.
Yes, HENNESSY ADVISORS INC (HNNAZ) pays a dividend with a trailing twelve-month yield of 2.15%.
Based on historical P/E analysis, HENNESSY ADVISORS INC (HNNAZ) appears fair. The current P/E of 21.6 is 12% below its historical median of 24.5. The estimated fair value CAGR (P/E method) is -4.0%.
HENNESSY ADVISORS INC (HNNAZ) operates in the Investment Advice industry, within the Financials sector.
HENNESSY ADVISORS INC (HNNAZ) reported annual revenue of $36 million in its most recent fiscal year, based on SEC EDGAR filings.
HENNESSY ADVISORS INC (HNNAZ) has a net profit margin of 28.0%. This is a strong margin indicating high profitability.
HENNESSY ADVISORS INC (HNNAZ) generated $13 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HENNESSY ADVISORS INC (HNNAZ) has a debt-to-equity ratio of 0.41. This indicates a conservatively financed balance sheet.
HENNESSY ADVISORS INC (HNNAZ) reported earnings per share (EPS) of $1.27 in its most recent fiscal year.
HENNESSY ADVISORS INC (HNNAZ) has a return on equity (ROE) of 10.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for HENNESSY ADVISORS INC (HNNAZ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HENNESSY ADVISORS INC (HNNAZ) has a book value per share of $12.46, based on its most recent annual SEC filing.