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Hamilton Beach Brands Company (HBB)
:HBB
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Hamilton Beach Brands Holding Company
(NYSE:HBB)
78Outperform
Hamilton Beach Brands Holding Company (HBB) vs. S&P 500 (SPY)
Market Cap
$254.43M
Dividend Yield2.49%
Average Volume (3M)44.15K
Price to Earnings (P/E)8.4
Beta (1Y)0.19
Revenue Growth4.65%
EPS Growth23.82%
CountryUS
Employees679
SectorConsumer Cyclical
Sector Strength61
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)2.23
Shares Outstanding10,181,069
10 Day Avg. Volume44,625
30 Day Avg. Volume44,150
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)N/A
Price to Sales (P/S)0.41
Price to Cash Flow (P/CF)2.20
P/FCF Ratio2.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Hamilton Beach Brands Holding Company Business Overview & Revenue Model
Company DescriptionHamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, food processors, coffee makers, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens. The company also provides air purifiers under the TrueAir brand; consumer products under the Hamilton Beach and Proctor Silex brands; commercial products for restaurants, fast food chains, bars, and hotels under the Hamilton Beach Commercial and Proctor Silex Commercial brands; and personal care products under the Brightline brand, as well as products under the Hamilton Beach Professional in the premium market. In addition, it offers countertop appliances under the Wolf Gourmet brand; garment care products under CHI brand; farm-to-table and field-to-table food processing equipment under the Weston brand; cocktail delivery system under the Bartesian brand; and supplies private label products. The company sells its products through a network of mass merchandisers, e-commerce retailers, national department stores, variety store and drug store chains, specialty home retailers, distributors, restaurants, bars, hotels, and other retail outlets. Hamilton Beach Brands Holding Company was founded in 1904 and is headquartered in Glen Allen, Virginia.
How the Company Makes MoneyHamilton Beach Brands Holding Company generates revenue primarily through the sale of its small appliances and kitchen products. The company employs a multi-channel distribution strategy, selling its products through major retailers, e-commerce platforms, and directly to commercial customers. Key revenue streams include retail partnerships with large chains and online sales through its own and third-party websites. HBB also benefits from licensing agreements and partnerships that allow it to expand its market reach and product offerings. Additionally, the company invests in product innovation and marketing to maintain its competitive edge and drive sales growth.
Hamilton Beach Brands Holding Company Financial Statement Overview
Summary
Hamilton Beach Brands Holding Company demonstrates strong financial performance, with robust revenue growth of 4.64% and healthy profitability margins. The balance sheet shows low leverage with a debt-to-equity ratio of 0.27 and a strong return on equity of 18.54%. Cash flow performance is solid, with a strong operating cash flow to net income ratio of 2.13. Overall, the financials are well-rounded with room for improving net margins.Income Statement
Hamilton Beach Brands Holding Company shows strong revenue performance with a growth rate of 4.64% from 2023 to 2024. The gross profit margin stands at 25.99% and net profit margin at 4.70% for 2024, indicating healthy profitability. EBIT and EBITDA margins are also robust at 6.60% and 5.92%, respectively. Overall, the company demonstrates excellent revenue growth and profitability, although there's room to improve net margins further.85
Very Positive
Balance Sheet
The company's balance sheet reflects a favorable debt-to-equity ratio of 0.27, indicating low leverage and reduced financial risk. Return on equity is strong at 18.54%, and the equity ratio is 39.98%, showing a solid equity base relative to total assets. Stability is evident, though continuous monitoring of asset utilization and equity growth is advised.78
Positive
Cash Flow
Hamilton Beach Brands shows a solid operating cash flow to net income ratio of 2.13, indicating efficient cash generation relative to net income. Free cash flow has grown significantly, reflecting strong cash management. The free cash flow to net income ratio of 2.13 further demonstrates robust cash generation. Overall, cash flow performance is strong, supporting ongoing operations and potential investments.80
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 654.69M | 625.63M | 640.95M | 658.39M | 603.71M | Gross Profit |
| 170.21M | 143.68M | 129.11M | 136.50M | 138.65M | EBIT |
| 43.20M | 35.08M | 38.79M | 31.54M | 37.41M | EBITDA |
| 38.79M | 39.06M | 41.90M | 36.72M | 39.64M | Net Income Common Stockholders |
| 30.76M | 25.24M | 25.27M | 21.31M | 24.07M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 45.64M | 15.37M | 928.00K | 1.13M | 2.42M | Total Assets |
| 415.07M | 384.70M | 388.95M | 382.50M | 391.17M | Total Debt |
| 44.20M | 98.09M | 163.57M | 96.84M | 98.36M | Net Debt |
| -1.44M | 82.72M | 162.64M | 95.71M | 95.94M | Total Liabilities |
| 249.16M | 237.44M | 264.42M | 280.23M | 311.06M | Stockholders Equity |
| 165.90M | 147.27M | 124.53M | 102.28M | 80.11M |
| Cash Flow | Free Cash Flow | |||
| 65.42M | 85.22M | -5.70M | 6.01M | -31.25M | Operating Cash Flow |
| 65.42M | 88.64M | -3.42M | 17.86M | -27.93M | Investing Cash Flow |
| -13.88M | -5.17M | -2.28M | -11.84M | -3.81M | Financing Cash Flow |
| -20.95M | -70.07M | 5.58M | -7.27M | 34.18M |
Hamilton Beach Brands Holding Company Technical Analysis
Negative
18.46
Price Trends
18.37
Positive
18.20
Positive
21.44
Negative
Market Momentum
0.36
Positive
56.06
Neutral
41.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HBB, the sentiment is Negative. The current price of 18.46 is below the 20-day moving average (MA) of 19.48, above the 50-day MA of 18.37, and below the 200-day MA of 21.44, indicating a neutral trend. The MACD of 0.36 indicates Positive momentum. The RSI at 56.06 is Neutral, neither overbought nor oversold. The STOCH value of 41.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HBB.
Hamilton Beach Brands Holding Company Risk Analysis
Hamilton Beach Brands Holding Company disclosed 32 risk factors in its most recent earnings report. Hamilton Beach Brands Holding Company reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hamilton Beach Brands Holding Company Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $17.16B | 16.78 | 19.95% | 2.54% | <0.01% | 3.74% | |
78 Outperform | $254.43M | 8.38 | 19.64% | 2.49% | 4.65% | 23.82% | |
73 Outperform | $1.06B | 9.02 | 7.19% | ― | -4.36% | -26.64% | |
73 Outperform | $1.52B | 12.62 | 12.40% | 2.25% | 1.81% | 8.09% | |
59 Neutral | $11.22B | 10.13 | -1.22% | 3.96% | 1.32% | -18.57% | |
48 Neutral | $2.14B | ― | -7.37% | 5.47% | -6.77% | 44.59% | |
47 Neutral | $4.74B | 13.03 | -12.77% | 8.17% | -14.64% | -167.22% |
* Consumer Cyclical Sector Average
Performance Comparison
HBB
Hamilton Beach Brands Holding Company
18.46
-5.54
-23.08%
HELE
Helen Of Troy
44.76
-60.74
-57.57%
LZB
La-Z-Boy Incorporated
37.33
2.04
5.78%
NWL
Newell Brands
5.12
-2.06
-28.69%
SNA
Snap-on
314.99
29.18
10.21%
WHR
Whirlpool
85.66
-22.63
-20.90%
Hamilton Beach Brands Holding Company Earnings Call Summary
Earnings Call Date: Feb 26, 2025 | % Change Since: 3.77% | Next Earnings Date: Apr 30, 2025
Earnings Call Sentiment Positive
The earnings call for Hamilton Beach Brands highlighted strong financial performance, successful product launches, and strategic expansions into new markets, particularly healthcare. While there were challenges such as international revenue declines and a contraction in Q4 gross profit margin, the overall tone was positive, with expectations for continued growth in 2025.Highlights
Solid Fourth Quarter Performance
Hamilton Beach Brands reported a 3.3% increase in revenue to $213.5 million in Q4 2024, driven by a favorable product mix and higher volume.
Strong Full Year Financial Results
For 2024, net revenue increased by 4.6% to $654.7 million. Gross margin increased by 300 basis points to 26%, and operating profit increased by 23.1% to $43.2 million.
Successful New Product Launches
New product introductions, including the FlexBrew Coffee maker and the CHI Vibes garment steamer, led to market share gains in both the U.S. and international markets.
Commercial Business Growth
The Summit Edge blender achieved more than a 50% increase in sales, securing placements in major convenience store chains and a global coffee retailer.
Expansion into Healthcare Market
The acquisition of HealthBeacon and the development of healthcare management tools, such as the Smart Sharp Spin, positioned the company for further growth.
Lowlights
International Revenue Decline
Despite overall revenue growth, Hamilton Beach Brands experienced revenue declines in its international markets.
Gross Profit Margin Contraction in Q4
Q4 2024 gross profit margin was 26.1%, a decrease from 26.8% in Q4 2023, due to price reductions following cost benefits.
Company Guidance
During the Hamilton Beach Brands Fourth Quarter 2024 Earnings Conference Call, the company provided guidance and discussed numerous metrics reflecting strong financial performance and strategic initiatives. In Q4 2024, the company achieved a 3.3% increase in total revenue to $213.5 million, with a gross profit of $55.8 million and a gross margin of 26.1%. For the full year 2024, revenue increased by 4.6% to $654.7 million, while operating profit rose by 23.1% to $43.2 million, and net income reached $30.8 million or $2.20 per share. The company generated $65.4 million in operating cash flow and ended the year in a net cash position of $600,000, a significant improvement from the previous year's net debt position. Looking forward to 2025, Hamilton Beach expects revenue growth in the mid-single-digit range, with operating profit increasing at a faster rate, driven by expense leverage and anticipated improvements in HealthBeacon’s SG&A expenses. Additionally, the company plans a significant increase in marketing investments and aims to mitigate tariffs on up to 75% of its products, anticipating cash flow from operations and investing activities to be between $40 million and $50 million.Hamilton Beach Brands Holding Company Corporate Events
Executive/Board ChangesShareholder Meetings
Hamilton Beach Announces Director John Jumper’s Departure
Neutral
Mar 19, 2025
On March 18, 2025, John P. Jumper informed the Board of Directors of Hamilton Beach Brands Holding Company that he will not stand for re-election as a director at the upcoming Annual Meeting of Stockholders expected around May 8, 2025. There were no disagreements between Mr. Jumper and the company leading to his decision, indicating a smooth transition without internal conflicts.
Business Operations and StrategyFinancial Disclosures
Hamilton Beach Expects Revenue Growth and Profit Rise in 2024
Positive
Jan 13, 2025
Hamilton Beach Brands Holding Company announced at the 2025 ICR Investor Conference that it expects a modest increase in revenue and a significant rise in operating profit for the full year 2024 compared to 2023, driven by an expansion of gross profit margin. The company also anticipates its cash flow from operating activities, less cash used for investing activities, to reach the high end of its normalized range of $25 million to $35 million.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.