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General information

Country: UNITED STATES



  • Bad financial results growth rate -63.7% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (26.1%)
  • Dividend yield for the last twelve months 6.4%
  • Free cash flow yield 4.7% (LTM)
  • Share price is 25.0% higher than minimum and 7.6% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (7.4x vs 7.5x)
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: HWCPZ
Share price, USD:  (-0.6%)24.53
year average price 24.04  


year start price 23.40 2024-05-12

max close price 26.12 2024-09-30

min close price 22.47 2025-04-16

current price 24.53 2025-05-11
Common stocks: 85 706 000

Dividend Yield:  6.4%
FCF Yield LTM: 4.7%
EV / LTM EBITDA: 7.4x
EV / EBITDA annualized: 6.8x
Last revenue growth (y/y):  -59.6%
Last growth of EBITDA (y/y):  -67.8%
Historical revenue growth:  +51.5%
Historical growth of EBITDA:  +0.7%
EV / Sales: 3.6x
Margin (EBITDA LTM / Revenue): 48.2%

Target EV / EBITDA (hist percentile): 7.5x
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 2 102
Net Debt ($m): 1 789
EV (Enterprise Value): 3 891
EBITDA LTM (млн $): 523
EV / LTM EBITDA: 7.4x
Price to Book: 0.5x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / EBITDA

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 750 577 750 577 750 577 750 577 750 577 750 577 750 577 750 577 750 577
fillingDate 2024-11-07 2024-08-07 2024-05-08 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-02-27 2022-11-03
acceptedDate 2024-11-07 16:07:29 2024-08-07 16:55:53 2024-05-08 17:24:29 2024-02-28 17:10:58 2023-11-02 18:54:53 2023-08-04 17:06:51 2023-05-04 18:22:22 2023-02-24 19:05:16 2022-11-03 16:20:07
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
revenue 368M 360M 529M 308M 355M 357M 373M 582M 300M
costOfRevenue 0 0 175M 0 0 0 0 0 0
grossProfit 368M 360M 354M 308M 355M 357M 373M 582M 300M
grossProfitRatio 1 1 0.669 1 1 1 1 1 1
researchAndDevelopmentExpenses 0 0 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 117M 41M 125M 143M 116M 115M 0 41M 20M
sellingAndMarketingExpenses 3M 8M 3M 3M 4M 3M 0 0 0
sellingGeneralAndAdministrativeExpenses 120M 185M 128M 146M 116M 115M 0 41M 20M
otherExpenses 245M -70M -64M -93M -349M -193M -127M 0 0
operatingExpenses 365M 70M 64M 93M -233M -78M -127M 41M 20M
costAndExpenses 222M 215M 379M 246M -233M -78M -127M 41M 20M
interestIncome 429M 89M 422M 427M 416M 405M 80M 582M 300M
interestExpense 158M 157M 156M 9M 147M 131M 88M 58M 19M
depreciationAndAmortization 2M 2M 11M 11M 3M 3M 0 -124M 53M
ebitda 148M 155M -3M 11M 125M 282M 246M 269M 243M
ebitdaratio 0.401 0.007 -0.006 0.036 0.351 0.789 0.66 0.461 0.81
operatingIncome 145M 152M 136M 308M 122M 279M 246M 393M 190M
operatingIncomeRatio 0.395 0.423 0.256 1 0.344 0.78 0.66 0.675 0.634
totalOtherIncomeExpensesNet 0 -20M 133M 62M 122M -131M -88M -58M -19M
incomeBeforeTax 145M 145M 133M 62M 122M 147M 158M 334M 171M
incomeBeforeTaxRatio 0.395 0.403 0.252 0.202 0.344 0.413 0.425 0.574 0.57
incomeTaxExpense 30M 30M 25M 12M 24M 30M 32M 67M 35M
netIncome 116M 115M 109M 51M 98M 118M 126M 267M 135M
netIncomeRatio 0.314 0.319 0.205 0.164 0.275 0.33 0.339 0.459 0.452
eps 1.34 1.32 1.25 0.58 1.12 1.35 1.47 3.11 1.58
epsdiluted 1.34 1.32 1.24 0.58 1.12 1.35 1.47 3.09 1.57
weightedAverageShsOut 86M 87M 87M 86M 86M 87M 86M 86M 86M
weightedAverageShsOutDil 87M 87M 87M 87M 86M 87M 86M 86M 86M
link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link

Balance Sheet Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 750 577 750 577 750 577 750 577 750 577 750 577 750 577 750 577 750 577
fillingDate 2024-11-07 2024-08-07 2024-05-08 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-02-27 2022-11-03
acceptedDate 2024-11-07 16:07:29 2024-08-07 16:55:53 2024-05-08 17:24:29 2024-02-28 17:10:58 2023-11-02 18:54:53 2023-08-04 17:06:51 2023-05-04 18:22:22 2023-02-24 19:05:16 2022-11-03 16:20:07
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 1 365M 1 082M 853M 1 188M 541M 564M 594M 564 459 589 586
shortTermInvestments 5 296M 4 965M 4 905M 4 915M 818M 674M 5 566M 6M 5M
cashAndShortTermInvestments 5 866M 501M 5 320M -561M 818M 674M 6 160M 6M 6M
netReceivables 148M 154M 159M 215M 152M 141M 142M 131 849 111 907
inventory 0 -656M -5 479M 346M -1 725M 0 0 0 0
otherCurrentAssets 50M 0 1 064M 1 452M 1 573M 0 0 0 0
totalCurrentAssets 6 014M 1 294M 1 064M 1 452M 818M 674M 6 302M 6M 6M
propertyPlantEquipmentNet 385M 388M 398M 407M 417M 433M 426M 425 489 446 671
goodwill 855M 855M 855M 855M 855M 855M 855M 855 453 855 453
intangibleAssets 37M 40M 42M 45M 47M 50M 53M 56 193 59 464
goodwillAndIntangibleAssets 893M 895M 898M 900M 903M 906M 909M 911 646 914 917
longTermInvestments 7 770M 737M 550M 973M 8 734M 8 870M 0 0 0
taxAssets 108M 166M 165M 294M 245M 201M 188M 211 418 192 494
otherNonCurrentAssets 0 31 932M 32 173M 31 693M -662M -634M 0 0 0
totalNonCurrentAssets 9 155M 34 119M 34 183M 34 267M 9 637M 9 775M 1 522M 2M 2M
otherAssets 20 069M 0 1 1 25 844M 25 761M 29 723M 27M 27M
totalAssets 35 238M 35 412M 35 247M 35 719M 36 298M 36 210M 37 547M 35M 35M
accountPayables 27M 27M 44M 45M 53M 36M 0 0 0
shortTermDebt 500M 1 364M 668M 1 181M 1 426M 1 630M 3 519M 2M 2M
taxPayables 0 0 0 0 0 0 0 0 0
deferredRevenue 0 -27M -44M -45M 1 373M 1 594M 0 0 0
otherCurrentLiabilities 0 -1 391M 10 846M 11 082M -1 426M -1 630M 0 0 0
totalCurrentLiabilities 527M 12 033M 11 514M 12 262M 1 426M 1 630M 3 519M 2M 2M
longTermDebt 355M 354M 236M 224M 236M 236M 242M 242 077 236 410
deferredRevenueNonCurrent 0 0 0 18 720M 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 140M 0 0 0 0 0
otherNonCurrentLiabilities 29 561M 29 773M 19 643M 568M -236M -236M 30 254M 30M 28M
totalNonCurrentLiabilities 29 916M 19 458M 19 879M 19 653M 236M 236M 30 496M 30M 30M
otherLiabilities 620M 0 0 0 31 135M 30 790M 0 0 0
capitalLeaseObligations 119M 118M 121M 112M 127M 126M 0 0 119 817
totalLiabilities 31 063M 31 492M 31 394M 31 915M 32 797M 32 656M 34 016M 32M 31M
preferredStock 0 0 0 0 0 0 0 0 0
commonStock 310M 310M 310M 310M 2 045M 2 037M 310M 309 513 309 513
retainedEarnings 2 618M 2 537M 2 458M 2 376M 2 351M 2 280M 2 189M 2M 2M
accumulatedOtherComprehensiveIncomeLoss -475M -658M -654M -621M -895M -763M -687M -772 182 -812 781
othertotalStockholdersEquity 1 723M 1 732M 1 740M 1 740M 0 0 1 721M 2M 2M
totalStockholdersEquity 4 175M 3 921M 3 853M 3 804M 3 501M 3 554M 3 531M 3M 3M
totalEquity 4 175M 3 921M 3 853M 3 804M 3 501M 3 554M 3 531M 3M 3M
totalLiabilitiesAndStockholdersEquity 35 238M 35 412M 35 247M 35 719M 36 298M 36 210M 37 547M 35M 35M
minorityInterest 0 0 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 35 238M 35 412M 35 247M 35 719M 36 298M 36 210M 37 547M 35M 35M
totalInvestments 13 066M 737M 550M 973M 9 552M 9 544M 5 566M 6M 5M
totalDebt 855M 1 718M 1 025M 1 517M 1 662M 1 866M 3 762M 2M 2M
netDebt -509M 636M 172M 329M 1 121M 1 302M 3 167M 2M 1M
link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link

Cash Flow Statement

Property 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ HWCPZ
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 750 577 750 577 750 577 750 577 750 577 750 577 750 577 750 577 750 577
fillingDate 2024-11-07 2024-08-07 2024-05-08 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-02-27 2022-11-03
acceptedDate 2024-11-07 16:07:29 2024-08-07 16:55:53 2024-05-08 17:24:29 2024-02-28 17:10:58 2023-11-02 18:54:53 2023-08-04 17:06:51 2023-05-04 18:22:22 2023-02-24 19:05:16 2022-11-03 16:20:07
calendarYear 2024 2024 2024 2023 2023 2023 2023 2022 2022
period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3
netIncome 116M 115M 108M 50M 98M 118M 123M -960M 380M
depreciationAndAmortization 13M 11M 11M 11M 11M 12M 19M -89M 53M
deferredIncomeTax 7M 93 000 -2M 11M -5M 9M 10M -21M 9M
stockBasedCompensation 5M 6M 6M 6M 6M 6M 5M -29M 18M
changeInWorkingCapital 15M -35M 19M 4M 47M -26M 0 -969M 215M
accountsReceivables 0 0 0 0 0 0 0 0 0
inventory 0 0 0 0 0 0 0 0 0
accountsPayables 18M 3M -21M 22M 20M 35M 0 0 0
otherWorkingCapital -2M -10M 1M -18M 27M -60M 0 -969M 0
otherNonCashItems 15M -4M 43M 20M 30M 9M 123M 1 098M 0
netCashProvidedByOperatingActivities 172M 105M 157M 103M 188M 129M 281M -969M 675M
investmentsInPropertyPlantAndEquipment -4M -1M -2M -453 000 -6M -13M -11M 41M -22M
acquisitionsNet 0 0 0 33M -208M -395M 0 0 0
purchasesOfInvestments -254M -167M -122M -814M -184M 1 614M -228M 901M -517M
salesMaturitiesOfInvestments -30M 23M 301M 1 588M 140M 122M 241M -857M 488M
otherInvestingActivites 549M 3M 618 000 39M 796 000 -2M 74M -2 912M 1 330M
netCashUsedForInvestingActivites 262M -91M 129M 846M -258M 1 326M 76M -2 827M 1 279M
debtRepayment -98M 0 -487M -271M -242M -242M 0 -2M -480 000
commonStockIssued 0 0 897 000 957 000 924 000 0 0 0 0
commonStockRepurchased -15M -15M -7M -2M -54 000 0 -18M 78M -59M
dividendsPaid -35M -35M -27M -26M -26M -26M -24M -75M -71M
otherFinancingActivites -217M 122M -7M -900M 315M -1 217M -12M 3 346M -1 636M
netCashUsedProvidedByFinancingActivities -365M 72M -433M -929M 48M -1 485M -54M 3 348M -1 766M
effectOfForexChangesOnCash 0 0 0 -249M 121M 128M 0 -14M 0
netChangeInCash 69M 87M -147M 20M -22M -31M 302M -462M -109M
cashAtEndOfPeriod 570M 501M 414M 561M 541M 564M 703M 127M 590M
cashAtBeginningOfPeriod 501M 414M 561M 541M 564M 594M 401M 590M 698M
operatingCashFlow 172M 105M 157M 103M 188M 129M 281M -969M 675M
capitalExpenditure -4M -1M -2M -453 000 -6M -13M -11M 41M -22M
freeCashFlow 168M 104M 155M 102M 181M 116M 269M -929M 653M
link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link

Earning call transcript

2024 q3
2024-10-15 ET (fiscal 2024 q3)
2024 q2
2024-07-16 ET (fiscal 2024 q2)
2024 q1
2024-04-16 ET (fiscal 2024 q1)
2023 q4
2024-01-16 ET (fiscal 2023 q4)
2023 q3
2023-10-17 ET (fiscal 2023 q3)
2023 q2
2023-07-18 ET (fiscal 2023 q2)
2023 q1
2023-04-18 ET (fiscal 2023 q1)

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