Back to top

Image: Bigstock

Is Haynes International (HAYN) Stock Undervalued Right Now?

Read MoreHide Full Article

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is Haynes International (HAYN - Free Report) . HAYN is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.

We should also highlight that HAYN has a P/B ratio of 0.99. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. HAYN's current P/B looks attractive when compared to its industry's average P/B of 1.45. Over the past 12 months, HAYN's P/B has been as high as 1.62 and as low as 0.74, with a median of 1.17.

Finally, our model also underscores that HAYN has a P/CF ratio of 8.22. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. HAYN's current P/CF looks attractive when compared to its industry's average P/CF of 9.14. Over the past year, HAYN's P/CF has been as high as 17.90 and as low as 6.52, with a median of 14.48.

These are only a few of the key metrics included in Haynes International's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, HAYN looks like an impressive value stock at the moment.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Haynes International, Inc. (HAYN) - free report >>

Published in