A Business at a Glance
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HAVERTY FURNITURE COMPANIES INC
HVT
$413M
Mkt Cap
$24.91
+0.81%
HAVERTY FURNITURE COMPANIES INC (HVT) has a current P/E ratio of 20.9, compared to its historical median P/E of 10.0. The stock is currently considered Expensive based on its historical valuation range.
HAVERTY FURNITURE COMPANIES INC (HVT) has a 5-year average return on invested capital (ROIC) of 50.1%. This indicates strong capital allocation and a potential competitive advantage.
HAVERTY FURNITURE COMPANIES INC (HVT) has a market capitalization of $413M. It is classified as a small-cap stock.
Yes, HAVERTY FURNITURE COMPANIES INC (HVT) pays a dividend with a trailing twelve-month yield of 5.08%. The company also returns capital through share buybacks, with a buyback yield of 1.15%.
Based on historical P/E analysis, HAVERTY FURNITURE COMPANIES INC (HVT) appears expensive. The current P/E of 20.9 is 109% above its historical median of 10.0. The estimated fair value CAGR (P/E method) is 1.8%.
HAVERTY FURNITURE COMPANIES INC (HVT) operates in the Retail-Furniture Stores industry, within the Consumer Cyclical sector.
Unless otherwise indicated by the context, we use the terms “Havertys,” “we,” “our,” or “us” when referring to the consolidated operations of Haverty Furniture Companies, Inc. and subsidiary. Havertys is a specialty retailer of residential furniture and accessories. Our founder, J.J. Haverty began the business in 1885 in Atlanta, Georgia with one store and made deliveries using horse-drawn wagons. The Company grew to 18 stores and was incorporated in September 1929. Anticipating further growth, the Company accessed additional capital through its initial public offering in October 1929. The Company's common stock ("HVT") and Class A common stock ("HVT-A") are traded on the New York Stock Exchange (the "NYSE"). Havertys has grown to 129 stores in 17 states in the Southern and Midwest regions of the U.S. All of our retail locations are operated using the Havertys name, and we do not franchise our stores.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 766M | 759M | 723M | 862M | 1.0B | 1.0B |
| Net Income | 20M | 20M | 20M | 56M | 89M | 91M |
| EPS | $0.00 | $1.19 | $1.19 | $3.36 | $5.24 | $4.90 |
| Free Cash Flow | 23M | 33M | 27M | 44M | 23M | 63M |
| ROIC | 6.6% | 10.7% | 10.7% | 31.9% | 69.9% | 127.4% |
| Gross Margin | 60.7% | 60.7% | 60.7% | 60.7% | 57.7% | 56.7% |
| Debt/Equity | 0.00 | 1.11 | 1.11 | 1.12 | 1.24 | 1.68 |
| Dividends/Share | $1.26 | $1.26 | $1.22 | $2.10 | $1.99 | $2.83 |
| Operating Income | 438K | 27M | 26M | 73M | 120M | 119M |
| Operating Margin | 0.1% | 3.6% | 3.6% | 8.5% | 11.4% | 11.7% |
| ROE | 6.6% | 6.4% | 6.5% | 18.8% | 32.8% | 35.7% |
| Shares Outstanding | 17M | 17M | 17M | 17M | 17M | 19M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 768M | 805M | 822M | 820M | 818M | 802M | 748M | 1.0B | 1.0B | 862M | 723M | 759M | 766M |
| Gross Margin | 53.7% | 53.5% | 54.0% | 54.3% | 54.6% | 54.2% | 56.0% | 56.7% | 57.7% | 60.7% | 60.7% | 60.7% | 60.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 365M | 385M | 399M | 403M | 405M | 407M | 377M | 456M | 486M | 456M | 419M | 439M | 443M |
| EBIT | 27M | 48M | 4.1M | 3.4M | 43M | 29M | 35M | 119M | 120M | 73M | 26M | 27M | 438K |
| Op. Margin | 3.5% | 6.0% | 0.5% | 0.4% | 5.2% | 3.6% | 4.7% | 11.7% | 11.4% | 8.5% | 3.6% | 3.6% | 0.1% |
| Net Income | 8.6M | 28M | 28M | 21M | 30M | 22M | 59M | 91M | 89M | 56M | 20M | 20M | 20M |
| Net Margin | 1.1% | 3.5% | 3.5% | 2.6% | 3.7% | 2.7% | 7.9% | 9.0% | 8.5% | 6.5% | 2.8% | 2.6% | 2.6% |
| Non-Recurring | 0 | 0 | 700K | 525K | -425K | 2.4M | 35M | 77K | -128K | -71K | 153K | 484K | 484K |
| Returns on Capital | |||||||||||||
| ROIC | 6.3% | 10.3% | 8.3% | 6.2% | 12.3% | 10.0% | 22.6% | 127.4% | 69.9% | 31.9% | 10.7% | 10.7% | 6.6% |
| ROE | 2.9% | 9.4% | 9.7% | 7.3% | 10.7% | 8.2% | 23.0% | 35.7% | 32.8% | 18.8% | 6.5% | 6.4% | 6.6% |
| ROA | 2.0% | 6.0% | 6.1% | 4.6% | 6.7% | 4.4% | 9.5% | 13.3% | 13.4% | 8.6% | 3.1% | 3.0% | 3.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 55M | 52M | 60M | 52M | 70M | 63M | 130M | 97M | 51M | 97M | 59M | 53M | 44M |
| Free Cash Flow | 25M | 25M | 30M | 28M | 49M | 47M | 119M | 63M | 23M | 44M | 27M | 33M | 23M |
| Owner Earnings | 30M | 22M | 27M | 18M | 36M | 39M | 108M | 73M | 27M | 71M | 31M | 22M | 12M |
| CapEx | 31M | 27M | 30M | 24M | 21M | 17M | 11M | 34M | 28M | 53M | 32M | 20M | 20M |
| Maint. CapEx | 23M | 26M | 29M | 31M | 30M | 21M | 18M | 16M | 17M | 19M | 22M | 24M | 24M |
| Growth CapEx | 8.3M | 1.4M | 793K | 0 | 0 | 0 | 0 | 18M | 11M | 35M | 10M | 0 | 0 |
| D&A | 23M | 26M | 29M | 31M | 30M | 21M | 18M | 16M | 17M | 19M | 22M | 24M | 24M |
| CapEx/OCF | 55.7% | 52.0% | 49.7% | 46.6% | 30.5% | 26.6% | 8.4% | 35.1% | 55.7% | 54.6% | 54.5% | 37.4% | 47.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 30M | 8.1M | 30M | 11M | 35M | 15M | 51M | 52M | 34M | 35M | 20M | 21M | 21M |
| Dividend Yield | 10.4% | 3.0% | 13.3% | 3.9% | 13.6% | 5.8% | 20.9% | 10.5% | 8.9% | 7.8% | 4.7% | 6.0% | 5.1% |
| Share Buybacks | 804K | 14M | 21M | 0 | 19M | 30M | 20M | 42M | 30M | 6.9M | 5.0M | 4.8M | 4.8M |
| Buyback Yield | 0.3% | 5.4% | 7.2% | N/A | 7.5% | 11.3% | 4.9% | 9.2% | 7.1% | 1.3% | 1.4% | 1.2% | 1.2% |
| Stock-Based Comp | 3.3M | 4.0M | 3.9M | 3.8M | 4.4M | 3.4M | 4.4M | 8.2M | 7.2M | 8.0M | 6.7M | 7.3M | 7.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -16M | -7.6M | -8.0M | -25M | -21M | -76M | N/A | N/A | N/A | N/A | N/A | N/A | -107M |
| Cash & Equiv. | 65M | 71M | 63M | 79M | 72M | 76M | 200M | 166M | 123M | 121M | 120M | 125M | 107M |
| Long-Term Debt | 47M | 50M | 52M | 51M | 47M | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.17 | 0.21 | 0.20 | 0.19 | 0.18 | 0.00 | 1.69 | 1.68 | 1.24 | 1.12 | 1.11 | 1.11 | 0.00 |
| Interest Coverage | 18.7 | 18.3 | 1.6 | 1.3 | 17.5 | 190.0 | 89.3 | 780.8 | 777.0 | 449.8 | 161.4 | 166.6 | 166.6 |
| Equity | 292M | 302M | 282M | 294M | 275M | 261M | 253M | 256M | 289M | 308M | 308M | 308M | 307M |
| Total Assets | 461M | 471M | 455M | 461M | 440M | 560M | 680M | 686M | 649M | 654M | 649M | 649M | 647M |
| Total Liabilities | 169M | 170M | 173M | 167M | 166M | 300M | 427M | 430M | 360M | 346M | 341M | 341M | 341M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 260M | 280M | 278M | 287M | 282M | 296M | 305M | 343M | 398M | 419M | 419M | 418M | 417M |
| Working Capital | 114M | 125M | 98M | 121M | 114M | 78M | 112M | 99M | 122M | 113M | 107M | 116M | 110M |
| Current Assets | 209M | 219M | 194M | 211M | 202M | 205M | 316M | 309M | 276M | 252M | 239M | 249M | 241M |
| Current Liabilities | 96M | 94M | 96M | 90M | 88M | 127M | 204M | 210M | 154M | 138M | 132M | 133M | 131M |
| Per Share Data | |||||||||||||
| EPS | 0.37 | 1.22 | 1.30 | 0.98 | 1.42 | 1.08 | 3.12 | 4.90 | 5.24 | 3.36 | 1.19 | 1.19 | 0.00 |
| Owner EPS | 1.27 | 0.99 | 1.24 | 0.84 | 1.70 | 1.95 | 5.68 | 3.92 | 1.58 | 4.21 | 1.82 | 1.30 | 0.71 |
| Book Value | 12.58 | 13.25 | 12.92 | 13.68 | 12.87 | 12.87 | 13.34 | 13.81 | 16.97 | 18.40 | 18.34 | 18.57 | 18.49 |
| Cash Flow/Share | 2.39 | 2.29 | 2.75 | 2.44 | 3.30 | 3.13 | 6.87 | 5.25 | 2.99 | 5.80 | 3.51 | 3.18 | 2.68 |
| Dividends/Share | 1.28 | 0.35 | 1.39 | 0.53 | 1.66 | 0.74 | 2.66 | 2.83 | 1.99 | 2.10 | 1.22 | 1.26 | 1.26 |
| Shares Out. | 23.2M | 22.8M | 21.8M | 21.5M | 21.3M | 20.2M | 19.0M | 18.5M | 17.1M | 16.8M | 16.8M | 16.6M | 16.6M |
| Valuation | |||||||||||||
| P/E Ratio | 31.6 | 9.4 | 10.4 | 13.6 | 8.2 | 12.1 | 6.8 | 5.0 | 4.7 | 9.7 | 17.5 | 20.3 | N/A |
| P/FCF | 11.0 | 10.4 | 9.7 | 10.2 | 5.1 | 5.7 | 3.4 | 7.2 | 18.8 | 12.4 | 13.0 | 12.1 | 17.9 |
| EV/EBIT | 7.7 | 112.3 | 54.1 | 54.3 | 3.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 697.6 |
| Price/Book | 0.9 | 0.9 | 1.0 | 1.0 | 0.9 | 1.0 | 1.6 | 1.8 | 1.5 | 1.8 | 1.1 | 1.3 | 1.3 |
| Price/Sales | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.5 | 0.4 | 0.5 | 0.6 | 0.5 | 0.5 |
| FCF Yield | 9.1% | 9.6% | 10.3% | 9.8% | 19.7% | 17.7% | 29.6% | 13.9% | 5.3% | 8.1% | 7.7% | 8.3% | 5.6% |
| Market Cap | 271M | 260M | 294M | 287M | 248M | 264M | 404M | 453M | 424M | 547M | 350M | 400M | 413M |
| Avg. Price | 12.36 | 11.97 | 10.47 | 13.51 | 12.25 | 12.71 | 12.77 | 26.98 | 22.46 | 26.80 | 26.04 | 20.88 | 24.91 |
| Year-End Price | 11.68 | 11.42 | 13.47 | 13.33 | 11.63 | 13.02 | 21.29 | 24.44 | 24.88 | 32.62 | 20.86 | 24.10 | 24.91 |
HAVERTY FURNITURE COMPANIES INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
HAVERTY FURNITURE COMPANIES INC trades at 20.9x trailing earnings, compared to its 15-year median P/E of 10.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 11.3x vs a median of 10.0x. The company's 5-year average ROIC is 50.1% with a gross margin of 59.3%. Total shareholder yield (dividends + buybacks) is 6.2%. At current prices, the estimated annualized return to fair value is -9.2%.
HAVERTY FURNITURE COMPANIES INC (HVT) reported annual revenue of $759 million in its most recent fiscal year, based on SEC EDGAR filings.
HAVERTY FURNITURE COMPANIES INC (HVT) has a net profit margin of 2.6%. This is a modest margin.
HAVERTY FURNITURE COMPANIES INC (HVT) generated $33 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
HAVERTY FURNITURE COMPANIES INC (HVT) has a debt-to-equity ratio of 1.11. This indicates moderate leverage.
HAVERTY FURNITURE COMPANIES INC (HVT) reported earnings per share (EPS) of $1.19 in its most recent fiscal year.
HAVERTY FURNITURE COMPANIES INC (HVT) has a return on equity (ROE) of 6.4%. This indicates moderate shareholder returns.
HAVERTY FURNITURE COMPANIES INC (HVT) has a 5-year average gross margin of 59.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for HAVERTY FURNITURE COMPANIES INC (HVT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
HAVERTY FURNITURE COMPANIES INC (HVT) has a book value per share of $18.57, based on its most recent annual SEC filing.