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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 emplo…
$9.99
$0.04 (-0.40%)
EOD Jul 17, 2026
36.99% operating margin is above average. ROIC at 9.94%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 19.9% YoY with margins expanding 7.1pp.
Even for strong businesses, today's 9x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
9.4x earnings, 7.7x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$33M
▲ +19.9% YoY
Net Income (TTM)
$8M
▲ +40.3% YoY
Op. Margin
33.56%
▲ +7.1pp YoY
ROIC
6.76%
▲ +3.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$10M
▲ +49.0% YoY
Op. Cash Flow (TTM)
$11M
▲ +48.7% YoY
Net Debt
-$33M
Net Cash Position
Cash & Equiv.
$73M
5Y CAGR: +1.3%
5Y CAGR: +5.0%
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At a P/E of 9.4 and a price-to-free-cash-flow of 7.7, HENNESSY ADVISORS INC Common Stock (Z3A) (HNNA) trades below a two-stage DCF intrinsic value of about $26.63 per share, so at $9.99 the stock looks undervalued (166.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, HENNESSY ADVISORS INC Common Stock (Z3A) scores 64/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.4%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $26.63 per share for HNNA, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $19.97. At today's $9.99, that puts the stock about 166.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
HENNESSY ADVISORS INC Common Stock (Z3A) scores 64 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 33.6% operating margin and a 6.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, HENNESSY ADVISORS INC Common Stock (Z3A) pays a regular dividend of about $0.54 per share per year (typically in quarterly installments), a yield of roughly 5.4% at the current price. That is a payout ratio of about 51.7% of earnings, so the dividend is well covered. HENNESSY ADVISORS INC Common Stock (Z3A) has grown the dividend at roughly 1.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HNNA's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. HNNA currently trades below its estimated intrinsic value and scores 64/100 on quality (solid). It also yields about 5.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.